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Gold

I will be selling at 1950
Quoting parveenverma
{quote}Daily Resistance ahead @ 1949.72. Alert for bulls.Trade safe
Reaction Start.Trade safe
Quoting parveenverma
{quote} Reaction Start.Trade safe
One more 4H above @1951.94.Trade safe
Good afternoon, traders.
Will gold continue to break down today?
I remain bearish on gold, When the price reaches 1954, it is necessary to focus on smaller cycles of price behavior.
Let the market tell you what it will do next, not what you think it will do.
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Just follow the trend.
By the way, don't forget the PCE data, which could change all that, especially if there is a divide within the Fed.
Just follow the trend.
Quoting aahmad29
I am starting to buy at 1945 TP 1951. Buy Limit @ 1936 I am taking risk because for me level of buyers and sellers is equal on M1 and M5 timeframe. Trendline for bulls is not broken yet. If i do M1 TF volume analysis then price will go to 1941 and then will bounce back but sometimes i want to take risk to improve my return percentage. {image} {image}
Hit TP

Now let’s see if my sell limit order works
Love for all; Hatred for none.
The next destination for Gold is 1857.65, but any good price action around 1955.21 (50 EMA), selling will be activated. trade safe good money management
is always the key
Quoting parveenverma
{quote} At my chart weekly low at 1934.24.Trade safe
1936.67 bid 1936.97 ask here
Compare the tops monthly candles, bulls are stronger this year..
Don't rule out bulls attempt of trying to retest. Anything can happen, stay put and look after yourself.
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Repeat of yesterday? Rushes up...then goes deep red? Where will today's top be?
Quoting lucaswalliam
Good afternoon, traders. Will gold continue to break down today? I remain bearish on gold, When the price reaches 1954, it is necessary to focus on smaller cycles of price behavior. Let the market tell you what it will do next, not what you think it will do. {image}
Agree!!
Wait, or you will be slaughtered!
M5. The upswing continues with poor results at the resistance levels.
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Just follow the trend.
Quoting Inthebox
{quote} long continuation. h4 swing low forming now. {image} {image}
result
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ITB - Seeking Orderliness amongst 'Randomness'
Gold going down guys
The top in Aug 2020 [2074.80],
makes this a Triple Top.
Search: 'triple top vs double top'
The current top is a False Break of that high.
Fast moves follow False Breaks [Bill McLaren].
Cheers, U2
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Wait, or you will be slaughtered!
Quoting aahmad29
{quote} Hit TP Now let’s see if my sell limit order works
closed my limit order at BE. I will wait for red news.
Love for all; Hatred for none.
GOLD

Type SELL
ENTRY PRICE 1953

TP 1945
SL 1958
4H Resistance 1951.94 open the way for Gold Bulls but while bears started their downward move it sealed their door as Support strongly.Trade safe
Quoting FxTPs
GOLD Type SELL ENTRY PRICE 1953 TP 1945 SL 1958
Same trade I have take
Sell -1953
Target - 1939
Little about low in Asian session morning low
Gold is targeting around 1931 if it continues to sustain its current level.
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