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  • #16,941
  • Aug 28, 2023 7:20am Aug 28, 2023 7:20am
Quoting Murugesh29
Let it fall!!
tough mate, bank holiday. even ny session no volatility.
possibly because its going close to the monthly closure, so many sentiments right now.
its deciding....
Trading is very lonely
  • #16,942
  • Aug 28, 2023 7:23am Aug 28, 2023 7:23am
Quoting MrFanciful
Thought I'd post in case it helps anyone. This is the average volume for each minute candle for the last 5 years traded on XAUUSD grouped by the hour of the day. You can clearly see that the favouring time frame to enter on is the hourly. Data source is IC Markets cTrader. {image}
Aww thanks Mr for this very informative chart -It can only help sharpen the analytical edge
"Who Dares Wins"
  • #16,943
  • Aug 28, 2023 7:29am Aug 28, 2023 7:29am
Quoting luckytujuh
{quote} tough mate, bank holiday. even ny session no volatility. possibly because its going close to the monthly closure, so many sentiments right now. its deciding....
lets see what US has!
Its all about Timing!!!
  • #16,944
  • Aug 28, 2023 7:31am Aug 28, 2023 7:31am
Quoting Murugesh29
{quote} lets see what US has!

go, go, go.....
Trading is very lonely
  • #16,945
  • Aug 28, 2023 7:39am Aug 28, 2023 7:39am
It seems paused today
  • #16,946
  • Aug 28, 2023 7:46am Aug 28, 2023 7:46am
Here comes the run on the daily high....
  • #16,947
  • Aug 28, 2023 7:48am Aug 28, 2023 7:48am
Quoting S3000
Long 1907 for next week Nothing new in Powell speech and gold is bullish on daily chart And double bottom on the weekly candles Good luck all !
SOLD 1916,xx
+ 350 €
  • #16,948
  • Aug 28, 2023 7:48am Aug 28, 2023 7:48am
Statistically, I think the DXY is going to have a bearish week, which probably means a bullish week for Gold.

The DXY has had 6 consecutively bullish weekly candles. It's a very rare thing for there to be 7. Could it happen? Yes. But given that there are no certainties, only probabilities, it seems more likely than not that the DXY is set for a bearish week, especially as it's hit a major resistance level.

Of course that doesn't say anything about when or where the weekly low and high are going to be made.
  • #16,949
  • Aug 28, 2023 8:08am Aug 28, 2023 8:08am
shorted at 1917.20, Sl 1920, TP 1913
I think enough in slow market
  • #16,950
  • Aug 28, 2023 8:10am Aug 28, 2023 8:10am
Quoting SkullCandy
Well, shorted with first order on 1915, stops 1920. Also shorted Us 30. Trade safe {image}
gold tp?
  • #16,951
  • Aug 28, 2023 8:12am Aug 28, 2023 8:12am
Looks like we going for liquidity at 22/23.

Removed sell limit at 18 to possibly short higher again get a better average, could be range bound today between 20s-13/12. DXY looks ripe for a retracement too, might drop down to late 103's again before breaking through 104.50 data this week should give a clearer picture of that, if that does happen gold might see 1935-40s again.
  • #16,952
  • Aug 28, 2023 8:17am Aug 28, 2023 8:17am
Quoting Naush
{quote} gold tp?
Trade safe .
Attached Image (click to enlarge)
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Consistency will bring everything...Be good.
100% Is The Target v.1 All Time Return: -95.4%
  • #16,953
  • Aug 28, 2023 8:17am Aug 28, 2023 8:17am
It "might" run back up guys be careful shorting, perfect trap to take new stops above the wick
  • #16,954
  • Aug 28, 2023 8:22am Aug 28, 2023 8:22am
now that NY is about to open and my fellow americans prefer the dollar to gold ill short this hourly candle if closes red

i wont be posting as much today cause i dont want to upset the guy from last night any more than he already is

plus i have things to do
short trump and go long the deepstate
  • #16,955
  • Edited 8:40am Aug 28, 2023 8:24am | Edited 8:40am
so trying top failure to confirm ? lets see .
now watching 1915.70 signal to if confirm at 1913.40 the failure soon ! if so then target minimum below 1912 to 1903. same as NR4th burst , 5th inforce to confirm below body of mother IB . 6th then down breaks wicks low mother !! perfect MOFO

confirmed at 1913.40 ! then watching IB moth close 1912.29 and another h4 low 11.88. important targets are 1909.36 and 1906.40

Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #16,956
  • Aug 28, 2023 8:31am Aug 28, 2023 8:31am
How are you guys seeing shorts? We broke out of the 5 week downward pennant (bullish pattern) to the upside (bullish). Friday's down move, "filled in the FVG in ICT lingo. I can see it possibly taking the lows from London session but that's it.

Even 10 year bond yields are down on the day showing an increase supply of dollars entering the market.
  • #16,957
  • Aug 28, 2023 8:39am Aug 28, 2023 8:39am
Wave 4 always slow, closed all at 1913.. Watching

Trade safe
Its all about Timing!!!
  • #16,958
  • Aug 28, 2023 8:44am Aug 28, 2023 8:44am
dropped to take London low/liquidity and now another run into the new stuff it made, never trust a single wick lol
  • #16,959
  • Aug 28, 2023 8:51am Aug 28, 2023 8:51am
Quoting jimmy78
dropped to take London low/liquidity and now another run into the new stuff it made, never trust a single wick lol
It's all look like someone is painting chart by hand
  • #16,960
  • Aug 28, 2023 9:05am Aug 28, 2023 9:05am
Quoting d1zzy
Looks like we going for liquidity at 22/23. Removed sell limit at 18 to possibly short higher again get a better average, could be range bound today between 20s-13/12. DXY looks ripe for a retracement too, might drop down to late 103's again before breaking through 104.50 data this week should give a clearer picture of that, if that does happen gold might see 1935-40s again.
Re-entered at 18 something, might exit 13.40 or hold all the way to 1904, good luck to everyone with open trades!
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