Gold | Page 850 | Metals Mine

Options

Go to
Permalinks
Print Thread

Related Instruments

Gold/USD

Attachments: Gold
Exit Attachments

Gold

  • #16,981
  • Aug 28, 2023 11:09am Aug 28, 2023 11:09am
the trap could be the reversal, theyve drove it up to near the Aug 10th high, manipulation before a run at 1927

no market shift on lower TFs

either way im not stuck in buys or sells luckily
  • #16,982
  • Aug 28, 2023 11:10am Aug 28, 2023 11:10am
Quoting Forexstarr
{quote} The bulls don't look like they're giving up yet. What do they gain driving this market to 1930?
Buys below 1890. Maybe profit taking, re-enter long again after data this week takes price back to 1885? Or maybe bulls are taking this up to drop it from a comfortable drop so big profit taking and re-enter again around 1885?
  • #16,983
  • Aug 28, 2023 11:31am Aug 28, 2023 11:31am
Quoting d1zzy
{quote} Buys below 1890. Maybe profit taking, re-enter long again after data this week takes price back to 1885? Or maybe bulls are taking this up to drop it from a comfortable drop so big profit taking and re-enter again around 1885?
I will wait for the close of current 4H candle. If it close below 1923 then price can retrace up to 1914-15 from there before further Bullish move. If it will close above then I will close my trades with loss today. I have got a buy signal below but I wait for 1922-23 because of daily and 4H resistance zone.I may be wrong.Trade safe
  • #16,984
  • Aug 28, 2023 12:00pm Aug 28, 2023 12:00pm
what a trap man...
Trading is very lonely
  • #16,985
  • Aug 28, 2023 12:02pm Aug 28, 2023 12:02pm
Quoting Forexstarr
{quote} The bulls don't look like they're giving up yet. What do they gain driving this market to 1930?
They gain liquidity for their long term bets.
  • #16,986
  • Aug 28, 2023 12:11pm Aug 28, 2023 12:11pm
Another good day
Attached Image (click to enlarge)
Click to Enlarge Name: 11.jpeg Size: 105 KB
telegram:@Forexanalizer
  • #16,987
  • Aug 28, 2023 12:16pm Aug 28, 2023 12:16pm
Quoting clemmo17
{quote} They gain liquidity for their long term bets.

Good call and im not afraid to say I disagreed with your sentiment at the time but we live learn, and if we dont learn we dont get better
  • #16,988
  • Aug 28, 2023 12:20pm Aug 28, 2023 12:20pm
Quoting parveenverma
{quote} I will wait for the close of current 4H candle. If it close below 1923 then price can retrace up to 1914-15 from there before further Bullish move. If it will close above then I will close my trades with loss today. I have got a buy signal below but I wait for 1922-23 because of daily and 4H resistance zone.I may be wrong.Trade safe
ok Buddies... It's rest time now. I closed my all short @ 1916.80. Over all day in profit. Trade Safe buddies
  • #16,989
  • Aug 28, 2023 12:23pm Aug 28, 2023 12:23pm
Quoting parveenverma
{quote} ok Buddies... It's rest time now. I closed my all short @ 1916.80. Over all day in profit. Trade Safe buddies
me too. im running now..
Trading is very lonely
  • #16,990
  • Aug 28, 2023 12:25pm Aug 28, 2023 12:25pm
looking at the GU and EU hourly charts they didnt react at all today so it wasnt dollar dumping that caused this spike

i cant believe gold bools are so stupid they keep buying inspite what the weekly,monthly and quarterly charts say is lower prices so something else is afoot

i researched what the reason was for the run up in price since 2019 and all the pundits claim it was central bank buying...this would be the first time in history financial writers were ever correct LOL....so i dont know whether to believe them


Who is the main buyer of gold?
The countries reporting the largest purchases in the first two months were Singapore (51.4 tonnes), Turkey (45.5 tonnes), China (39.8 tonnes), Russia (31.1 tonnes) and India (2.8 tonnes). Apr 6, 2023

that still doesnt explain these crazy intraday spikes...those brics countries cant keep buying forever and theyve probably stopped so whos behind this...the jagoffs are messing up my charts LOL


there are mysterious and evil forces at work
short trump and go long the deepstate
  • #16,991
  • Aug 28, 2023 12:30pm Aug 28, 2023 12:30pm
As per what i see, it really chased top liquidity. I wanna see where h4 close it be exciting. To see a no top wick h4 , plus there is still a no bottom wick h4 on friday
Trading is very lonely
  • #16,992
  • Aug 28, 2023 12:31pm Aug 28, 2023 12:31pm
Quoting Zebi
looking at the GU and EU hourly charts they didnt react at all today so it wasnt dollar dumping that caused this spike i cant believe gold bools are so stupid they keep buying inspite what the weekly,monthly and quarterly charts say is lower prices so something else is afoot i researched what the reason was for the run up in price since 2019 and all the pundits claim it was central bank buying...this would be the first time in history financial writers were ever correct LOL....so i dont know whether to believe them Who is the main buyer of gold?...

Thats why that day. I said, sometimes gold doesnt correlate with other pairs. It has its own heart, its life is based on technicals, fundamentals and manipulation from banks and institution

I maybe wrong in this fact. But this is really what i see. Just why i prefer looking at gold by price action
Trading is very lonely
  • #16,993
  • Aug 28, 2023 12:34pm Aug 28, 2023 12:34pm
Quoting luckytujuh
{quote} Thats why that day. I said, sometimes gold doesnt correlate with other pairs. It has its own heart, its life is based on technicals, fundamentals and manipulation from banks and institution I maybe wrong in this fact. But this is really what i see. Just why i prefer looking at gold by price action

i dont correlate gold to anything else just saying this spike wasnt dollar intervention related
short trump and go long the deepstate
  • #16,994
  • Aug 28, 2023 12:37pm Aug 28, 2023 12:37pm
normally i would say it was just a retrace of powells speech but i got sell signals at the point of that speech ...when i dont get a signal at some news event is when i say will retrace
short trump and go long the deepstate
  • #16,995
  • Aug 28, 2023 12:37pm Aug 28, 2023 12:37pm
Quoting Zebi
{quote} i dont correlate gold to anything else just saying this spike wasnt dollar intervention related

Ya i get what u meant. Just that some others will not agree with what i said

I use to correlate a year ago. It got me nowhere. The more chart i look. The more confusing it gets. Thus, i just look at one chart and try to understand its pattern
Trading is very lonely
  • #16,996
  • Aug 28, 2023 12:38pm Aug 28, 2023 12:38pm
Ok so today we saw 1912-1914 level being respected, short term Asian resistance at 1918 has been violated along with last weeks high at 1923, we have now come down and bounced off of 1917.

This looks bullish short term, but I'm still not convinced, I'm expecting a cheese fake out to happen Wednesday or something, benefits ny to keep this trend alive.


If we see a break of 1950, or some extremely fucked data (rate cuts + unemployment % up, I will change my stance.


I think the point of contention this week will be that 1930 area, once again I am expecting a cheese fake out during data Wednesday, to grab max liquidity.

Let's see i guess.
  • #16,997
  • Aug 28, 2023 12:40pm Aug 28, 2023 12:40pm
thats why this news tidbit posted by FF about egypt money laundering buying gold makes some sense...would explain these crazy spikes intraday

https://www.forexfactory.com/news/12...-and-fake-gold
short trump and go long the deepstate
  • #16,998
  • Aug 28, 2023 1:19pm Aug 28, 2023 1:19pm
Quoting Zebi
looking at the GU and EU hourly charts they didnt react at all today so it wasnt dollar dumping that caused this spike i cant believe gold bools are so stupid they keep buying inspite what the weekly,monthly and quarterly charts say is lower prices so something else is afoot i researched what the reason was for the run up in price since 2019 and all the pundits claim it was central bank buying...this would be the first time in history financial writers were ever correct LOL....so i dont know whether to believe them Who is the main buyer of gold?...
Surprised the UAE ain’t on that list
  • #16,999
  • Aug 28, 2023 1:23pm Aug 28, 2023 1:23pm
1915 strong support zone ... price fighting MAs very hard
  • #17,000
  • Aug 28, 2023 3:03pm Aug 28, 2023 3:03pm
GOLD H! CHART
Attached Image (click to enlarge)
Click to Enlarge Name: 125.jpeg Size: 115 KB
telegram:@Forexanalizer
148 traders viewing now