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  • #21,881
  • Oct 23, 2023 9:55pm Oct 23, 2023 9:55pm
Quoting Murugesh29
Daily close below 1976 ,drop is possible, confirmation closing below 1945...targetting 1832/1792/1724... Breaking above can lead to 2025/70+... Trade safe
First confirmation
Its all about Timing!!!
  • #21,882
  • Oct 23, 2023 10:30pm Oct 23, 2023 10:30pm
Quoting Inthebox
2 targets above as directional bias. TP anytime, do not have to reach target. {image}
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ITB - Seeing Orderliness amongst 'Randomness'
  • #21,883
  • Oct 23, 2023 10:48pm Oct 23, 2023 10:48pm
More of a directional move higher on H1 this morning, getting bored with the sideways move on H4. Let's hope and see, profitable trades to you all!!
  • #21,884
  • Edited 11:54pm Oct 23, 2023 11:35pm | Edited 11:54pm
Secondary support at 75.32
  • #21,885
  • Oct 23, 2023 11:39pm Oct 23, 2023 11:39pm
This 74/75 level
  • #21,886
  • Edited 1:41am Oct 24, 2023 12:45am | Edited 1:41am
top ranging still very active , so pa little changes . seeing morning usdx at 105.27 , ok even 105.20 as seen yesterday but still alarming ! dollar either going full fledged correction more and more dee if fail here to react violently . so extreme care may need today and specially this week specially as before or more !

update , usdx just hold so far , may trying a bounce as having a minute signal before but too shaky yet , otherwise it should bounce off to 105.34/46 in no time and for it no needling any news or any market to open . anyway little tank ok top deal violently still . with recent usdx tanking gold not took any advantage , so may not so in bounce enough ! so may to follow both separately , watching
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #21,887
  • Edited 1:27am Oct 24, 2023 1:02am | Edited 1:27am
This DXY correction was imminent, war effects kept it elevated now effects are fading expecting it to slide to 105 psychological level.

Gold on the other hand is waiting for some much needed volume

"Treasury yields peeled lower after tweets from famed investors, Bill Ackman and Bill Gross signalled a shift in their view of US government debt.
Ackman said that he had covered his short bond position due to concerns about the outlook for the US economy.
Bill Gross was a bit more nuanced, looking at curve trades and outright buying of short-term interest rate futures but both investors said that they have been sellers of long-end bonds of late.
The 10-year note eclipsed 5.02% in the US session before rolling over and touching 4.83% going into the close. It remains near the low so far today.
In all that carnage, the DXY (USD) index dipped to a four-week low and is seen as weaker across the board over the last 24 hours. EUR/USD has continued higher after breaking above a descending trend line last week. Despite the lower US Dollar, the gold price has been unable to capitalise on it."

https://www.dailyfx.com/news/gold-pr...-20231024.html
  • #21,888
  • Oct 24, 2023 1:36am Oct 24, 2023 1:36am
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Morning bounce or break.
  • #21,889
  • Oct 24, 2023 1:39am Oct 24, 2023 1:39am
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Better look . Watching the range for now . Looking at the doji top type candle that came off the old TL so short ???
  • #21,890
  • Oct 24, 2023 2:00am Oct 24, 2023 2:00am
It's amazing how much power I have over price. All I have to do is place a trade in the direction of the trend, and it immediately turns around to hit my stop before continuing back with the trend, despite price having already been down to the level of my stop.

"You know that stuff that you should have done yesterday, don't do that today. Later on you'll figure out what you should have done today which also won't work tomorrow."
  • #21,891
  • Oct 24, 2023 2:10am Oct 24, 2023 2:10am
I also thought "Try GBPUSD again. Just leave gold to buying physical" What happened? UK Claimant Count 10x worse than forecast....Pound goes up.

Had built back to £68 yesterday, down to £33 again now.
  • #21,892
  • Oct 24, 2023 2:18am Oct 24, 2023 2:18am
Quoting MrFanciful
It's amazing how much power I have over price. All I have to do is place a trade in the direction of the trend, and it immediately turns around to hit my stop before continuing back with the trend, despite price having already been down to the level of my stop. "You know that stuff that you should have done yesterday, don't do that today. Later on you'll figure out what you should have done today which also won't work tomorrow."
yeah no trade zone in this zigzag movements . stay safe to no trade may be the best trade right now.seeing popup of german flash PMI soon may hint !
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #21,893
  • Oct 24, 2023 2:24am Oct 24, 2023 2:24am
Quoting MrFanciful
It's amazing how much power I have over price. All I have to do is place a trade in the direction of the trend, and it immediately turns around to hit my stop before continuing back with the trend, despite price having already been down to the level of my stop. "You know that stuff that you should have done yesterday, don't do that today. Later on you'll figure out what you should have done today which also won't work tomorrow."
Don't worry, happen to all of us, part of the game.
  • #21,894
  • Oct 24, 2023 2:29am Oct 24, 2023 2:29am
Don't trade until it approaches the H4 boundaries, on it's way there you need to get a formation in place on shorter time frames that builds up to exit point.
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  • #21,895
  • Oct 24, 2023 2:30am Oct 24, 2023 2:30am
Sitting on the sidelines as I see the market is in a "mini" consolidation after that strong up move.

Eyes on UJ this time.
Fortune favors the brave.
  • #21,896
  • Oct 24, 2023 3:04am Oct 24, 2023 3:04am
Quoting mngnglkl
Sitting on the sidelines as I see the market is in a "mini" consolidation after that strong up move. Eyes on UJ this time.
Also want to switch to Dow or Dax and maybe UG
  • #21,897
  • Oct 24, 2023 3:21am Oct 24, 2023 3:21am
Got a signal in place
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  • #21,898
  • Oct 24, 2023 3:32am Oct 24, 2023 3:32am
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  • #21,899
  • Oct 24, 2023 3:44am Oct 24, 2023 3:44am
Bear for now
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  • #21,900
  • Oct 24, 2023 3:47am Oct 24, 2023 3:47am
Gold is falling
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