Gold | Page 622 | Metals Mine

Options

Go to
Permalinks
Print Thread

Related Instruments

Gold/USD

Attachments: Gold
Exit Attachments

Gold

  • #12,421
  • Jul 15, 2023 10:37am Jul 15, 2023 10:37am
Who in this group has expertise in any subject, I know I will give you advice
  • #12,422
  • Jul 15, 2023 10:49am Jul 15, 2023 10:49am
Quoting fontu
probable targets next 1970/83 and target now 2018 , now correction can be already 1951 or to 1946/42 while limit down for up now 1940 . so may bull without any correction next even ! lets see , take care {image} {image}
I don't understand how you can say price will continue up, we've made a higher low, all higher timeframes point towards price going down
  • #12,423
  • Jul 15, 2023 10:49am Jul 15, 2023 10:49am
Quoting Zebi
{quote} his english is so bad i dont know what he's trying to say...dont think you do either LOL...maybe if he typed in hindi we can use google translate and understand better what it is hes asking
are you talking about me.. I want to confirm before I start doing anything..
Everything, what's meant to be will find its way
  • #12,424
  • Jul 15, 2023 10:55am Jul 15, 2023 10:55am
Quoting Mohamed-Seit
{quote}are you talking about me.. I want to confirm before I start doing anything..
yes
short trump and go long the deepstate
  • #12,425
  • Jul 15, 2023 11:08am Jul 15, 2023 11:08am
Quoting Zebi
{quote} yes
what you don't understand from my English. But, you are big story writer.. I don't reply any of your post because you talk too much.. next time when you share your analysis, I will reply don't worry.
Everything, what's meant to be will find its way
  • #12,426
  • Jul 15, 2023 11:18am Jul 15, 2023 11:18am
Quoting fontu
probable targets next 1970/83 and target now 2018 , now correction can be already 1951 or to 1946/42 while limit down for up now 1940 . so may bull without any correction next even ! lets see , take care {image} {image}
good luck to your analysis
Everything, what's meant to be will find its way
  • #12,427
  • Jul 15, 2023 11:22am Jul 15, 2023 11:22am
See you guys.. am going to delete ff account. Miss you all.. take care.
Everything, what's meant to be will find its way
  • #12,428
  • Jul 15, 2023 11:38am Jul 15, 2023 11:38am
Quoting Mohamed-Seit
{quote}what you don't understand from my English. But, you are big story writer.. I don't reply any of your post because you talk too much.. next time when you share your analysis, I will reply don't worry.
calm down LOL...youre coming across as impatient childish and aggresive so that one poster put you on ignore today....i speak 3 languages but i cant write worth a shit in any of them LOL

people are starting to call you a scammer because of your poor word choices so you should probably use a translator app....type in your language let it translate and paste it here

im looking for input to my analysis so your comments will be welcome...always like when someone points out something i overlooked
short trump and go long the deepstate
  • #12,429
  • Jul 15, 2023 11:40am Jul 15, 2023 11:40am
Quoting Xauusdscalpr
{quote} I don't understand how you can say price will continue up, we've made a higher low, all higher timeframes point towards price going down
likely , nobody can ever tell where actually market decide to go . all probabilities ! just price action . take care
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GOLDH1.png Size: 15 KB
Click to Enlarge Name: GOLDDaily.png Size: 18 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #12,430
  • Jul 15, 2023 11:43am Jul 15, 2023 11:43am
Quoting Mohamed-Seit
See you guys.. am going to delete ff account. Miss you all.. take care.
Don't go. Who do I beat in a trading contest if you go away?
  • #12,431
  • Jul 15, 2023 11:44am Jul 15, 2023 11:44am
Quoting Zebi
{quote} calm down LOL...youre coming across as impatient childish and aggresive so that one poster put you on ignore today....i speak 3 languages but i cant write worth a shit in any of them LOL people are starting to call you a scammer because of your poor word choices so you should probably use a translator app....type in your language let it translate and paste it here im looking for input to my analysis so your comments will be welcome...always like when someone points out something i overlooked
Can't believe you still don't think he is a scammer.
  • #12,432
  • Jul 15, 2023 1:04pm Jul 15, 2023 1:04pm
Quoting Mohamed-Seit
See you guys.. am going to delete ff account. Miss you all.. take care.
You deleting your account will be the best thing to happen in this forum. I'd enjoy never having to see you post again more than I would if I had a profitable trade by 1000 pips
  • #12,433
  • Jul 15, 2023 1:25pm Jul 15, 2023 1:25pm
Quoting fontu
{quote} likely , nobody can ever tell where actually market decide to go . all probabilities ! just price action . take care {image} {image}
Thank you for sharing.
Was there a particular reason for price fall down for the second half of June 2023?
I understand DXY is a good correlation however not in this case.
  • #12,434
  • Jul 15, 2023 1:54pm Jul 15, 2023 1:54pm
Quoting fontu
{quote} likely , nobody can ever tell where actually market decide to go . all probabilities ! just price action . take care {image} {image}
nobody knows, but what would push gold back up to all time highs? Look at what proceded the triple top. Covid, Ukraine invasion and US banks collapsing. It stands to reason that price isn't going back there without a major event to drive it.

Up from here only has 2 driving factors. USD weakness, it is weak and that's what's causing these moves up, it's not demand for gold. The other is a recession on the horizon. Looks like a recession will hit lots of countries in 6 to 12 months.

Other than that, history and fundamentals show little reason for gold to be going up as markets are getting back to normal and there are so many high yielding assets right now.
  • #12,435
  • Jul 15, 2023 2:25pm Jul 15, 2023 2:25pm
Quoting Xauusdscalpr
{quote} You deleting your account will be the best thing to happen in this forum. I'd enjoy never having to see you post again more than I would if I had a profitable trade by 1000 pips
Oh scammers like him will be back...under a different alias...
  • #12,436
  • Jul 15, 2023 3:21pm Jul 15, 2023 3:21pm
Quoting fontu
{quote} likely , nobody can ever tell where actually market decide to go . all probabilities ! just price action . take care {image} {image}
True talk..
Okechukwu Jacob.C.
  • #12,437
  • Jul 15, 2023 3:50pm Jul 15, 2023 3:50pm
Quoting Xauusdscalpr
{quote} I don't understand how you can say price will continue up, we've made a higher low, all higher timeframes point towards price going down
I agree with this. Could go up a bit on Monday, to 1960 or 1962, and then down, possibly making a double top on daily.
"Who Dares Wins"
  • #12,438
  • Jul 15, 2023 5:15pm Jul 15, 2023 5:15pm
Quoting Xauusdscalpr
{quote} Not sure why you're laughing, the daily has rejected a very important resistance level as well as the weekly The fact that it failed to close below here shows there is enough bearish pressure to stop bulls from taking this any higher. Attached images for both Daily and Weekly, says everything we need to know. {image} {image}
I agree with you, and breaking to close below the $1950 may confirm that
Okechukwu Jacob.C.
  • #12,439
  • Edited Jul 16, 2023 1:15am Jul 15, 2023 11:56pm | Edited Jul 16, 2023 1:15am
Quoting fedestian
{quote} Thank you for sharing. Was there a particular reason for price fall down for the second half of June 2023? I understand DXY is a good correlation however not in this case.
I am a technical analyst, not more care about fundamentals, whenever there likely something happen to accommodate, small to large, anywhere in the world may happen , sooner or latter ! Last months down movement was a top failure behaviour, likely more correction to for more bull next. From now top running monthly 3rd candle, likely up, may even 4rth and may down 4 to 5th possibly if can actually correct!
Anyway usdx broken its support, bear continued in very strong hand, below 100 now and may continue fall alarmingly without much correction.
Take care

check my analysis for usdx
https://www.forexfactory.com/thread/...8#post14499228
Attached Image (click to enlarge)
Click to Enlarge Name: sketch-1689482818414.png Size: 82 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #12,440
  • Jul 15, 2023 11:59pm Jul 15, 2023 11:59pm
Hello all! I hope all are enjoying their weekend. So.... Here are some important updates that I notice after update my charts......
1. 1962-1963 area is a strong resistance zone because now 3 Giants(Weekly/Monthly, Daily and 4H Resistance) gathered in this zone for hold the Bulls door of upward way so I am expecting a retracement toward news key levels 1944,1938,1932 and 1924 and more possible.This is a retracement swing so more sideways move than trendy move can be expected so scalping by small target and quick profit booking become better option in this situation. Any key level can reverse the price so all those must be in the mind.
2. Daily TF has not clear it's stand till now.....Daily is targeting bunch of liquidity above 1968 to1975 area .....so all bears must be careful. If after Monday close daily candle HIGH stays below Friday's Daily candle HIGH then this retracement move can be confirmed. It become a possibility also that price can have a sudden run above 1968 and then pull back below 1963 area again because after about 2 days of sideways mode a bunch of buy stops and SLs have been combined above 1963 and may be possible that market participants attack above to out the involved sellers and execute those buy stops to market order. So we have to watch Monday candle's high for the more clear picture.If Monday's daily candle High break the Friday's Candle High then the bulls will be continue move upward to target above liquidity and if it stay below then the retracement is confirmed till below key levels. Enjoy your weekend and Happy Trading Buddies.
116 traders viewing now, 3 are registered:
fayisel
,
gcwynn
,
muzamil9