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  • #23,581
  • Dec 1, 2023 1:10pm Dec 1, 2023 1:10pm
Taken shorts.
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  • #23,582
  • Dec 1, 2023 1:11pm Dec 1, 2023 1:11pm
Gold is now up nearly $40 on the day from the lows. I think as it threatens all time highs, there could be some FOMO on a breakout. I believe if in the coming sessions it can hold $2050, then I think it won't be long before the bulls go for a true breakout. If 2050 fails, then gold could collapse.
  • #23,583
  • Dec 1, 2023 1:21pm Dec 1, 2023 1:21pm
Quoting fxguru2010
Gold is now up nearly $40 on the day from the lows. I think as it threatens all time highs, there could be some FOMO on a breakout. I believe if in the coming sessions it can hold $2050, then I think it won't be long before the bulls go for a true breakout. If 2050 fails, then gold could collapse.
new akun name ? before is murugesh29
  • #23,584
  • Dec 1, 2023 1:34pm Dec 1, 2023 1:34pm
Quoting Zebi
{quote} how come?...technical or fundi reasons?
Fundamentals are looking less bearish for gold. Falling yields and incoming recession that may have already started don't look like knocking it back down so far. The only hope is that gold only jumped up because of the war and it's price doesn't really justify going much higher.
  • #23,585
  • Dec 1, 2023 1:48pm Dec 1, 2023 1:48pm
this is a time to watch not trade, we are at the key level of Gold's ATH and fundamentals are not corresponding with technicals . trade what you know or wait for a clear new trend , not every market move is a trading opportunity, check your confluence score before you trade, be flexible and expect nothing.Here we go
ryoiki tenkai : Blue Juggernaut
  • #23,586
  • Dec 1, 2023 1:56pm Dec 1, 2023 1:56pm
Why would you short gold?
Ret
  • #23,587
  • Dec 1, 2023 1:56pm Dec 1, 2023 1:56pm
Don't be surprised if another new high is set in the last two hours of trading.
  • #23,588
  • Dec 1, 2023 2:08pm Dec 1, 2023 2:08pm
you definitely will hate yourself if you hold over the weekend fr
ryoiki tenkai : Blue Juggernaut
  • #23,589
  • Dec 1, 2023 2:24pm Dec 1, 2023 2:24pm
Quoting Doublepanda
you definitely will hate yourself if you hold over the weekend fr
sellers or buyers?
  • #23,590
  • Dec 1, 2023 2:29pm Dec 1, 2023 2:29pm
Quoting de5151
Don't be surprised if another new high is set in the last two hours of trading.
Roger that
  • #23,591
  • Dec 1, 2023 2:45pm Dec 1, 2023 2:45pm
This may be a rookie question but here goes! Is there any way gold will drop before the end of trading today? Surely everyone has some plan in place to capitalize. Seems like just an easy way to make money, so I can't see it happening. I may be barking up the wrong tree of course!
  • #23,592
  • Dec 1, 2023 2:54pm Dec 1, 2023 2:54pm
Quoting andrewbarker
This may be a rookie question but here goes! Is there any way gold will drop before the end of trading today? Surely everyone has some plan in place to capitalize. Seems like just an easy way to make money, so I can't see it happening. I may be barking up the wrong tree of course!

Sometimes everything can happen. But usually trading is over, range is small. And stock market closes over 6 minutes.
  • #23,593
  • Edited 8:04pm Dec 1, 2023 5:01pm | Edited 8:04pm
Quoting luckytujuh
{quote} 1. Delete tiktok account 2. Delete instagram account 3. Delete facebook account 4. Delete telegram 5. Dont share photos of profits or tell your profits to family/friends or any acquantainces. 6. Dont share photos of loss or tell your loss to family/friends or any acquantainces. 7. Basically do not even tell your family or friendst that you trade at all. Just do it and dont need to show them at all. 8. Cut of your circle of friends and be a loner. I have every reasons for all of this. You will have a healthy trade. You will not be manipulated...
Hi Luckytujuh

You’re taking yourself too seriously, win or lose you are a trader so stop kidding yourself.
Why do you care what other people think about your success or failure.

Start acting like a winner, tell everyone you’re the best trader in the world and boast about your big winners.
Open up all those social media sites and rejoin - then boast your the best.

This is the secret of being a successful trader. Until you believe your the best trader on Forex Factory, your’e never become an amazing trader.

You need to read Mark Minervini’s book about Having a great mindset, you will be a better trader by the end of the year if you follow the right steps or I will personally send you $50 for nothing.

Start believing, start boasting, start being that trader you always hope to be.

Thats how I got there.
Trading thin liquidity at the boundary of the charts
  • #23,594
  • Edited 9:42pm Dec 1, 2023 9:31pm | Edited 9:42pm
Is there a chance that the price will go back to 1960-1970 zone for long term traders?
  • #23,595
  • Dec 2, 2023 12:19am Dec 2, 2023 12:19am
Quoting shay14
{quote} sellers or buyers?
nobody is safe, as long as gold is near it's ATH, will it break above it ? no clue and even if it dumps , you don't know if it's a minor correction or complete trend reversal. it is a business of probabilities and possibilities . for all we know technically we are still bullish till NFP . That's when the real fall is coming
ryoiki tenkai : Blue Juggernaut
  • #23,596
  • Dec 2, 2023 12:22am Dec 2, 2023 12:22am
Quoting CryptoMavs
Is there a chance that the price will go back to 1960-1970 zone for long term traders?
if a minus 150 pips to 350 pips won't hurt your account then you open that sell position
ryoiki tenkai : Blue Juggernaut
  • #23,597
  • Edited 8:25am Dec 2, 2023 1:34am | Edited 8:25am
not expected the day come yesterday for 4th top , test , breaks , hold in iron hand . just in no fear in staying in strongest supply zone! no rejection , market waiting welcome apparently, no disaster may needed for it too , just did naturally !
so now limit for ups go to 2061.93/2060.20 better and 2051.94 last before the real last at 2009.33.apparently no more room for correction conformally enough , so possibly continue up range with whatever waves/ patterns i be available as last leg up , smaller , medium to big , any or all . big last leg up , , 5th running big also in a cup and handle pattern where handle completed, now time to bull continuation , good target can be 3013 long easily ! step by step.
not seeing usdx , may continue towards 90 or low ,not , wrong , dx still hold high. may try range up still but should start great fall , may this month breaking 101 and 99 !
Take care
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #23,598
  • Edited 2:41am Dec 2, 2023 2:05am | Edited 2:41am
Quoting Doublepanda
{quote} if a minus 150 pips to 350 pips won't hurt your account then you open that sell position
Thanks for the reply but I am new to trading gold. For all I know, 1 dollar is equal to 100 pips in Gold. So how come 150 pips to 350 pips? can you explain it to me? sorry for the noob question.
  • #23,599
  • Dec 2, 2023 2:41am Dec 2, 2023 2:41am
Oops….no more going back to 1900,1800.
  • #23,600
  • Dec 2, 2023 3:42am Dec 2, 2023 3:42am
OK gold bugs . A weekend Elliott wave count from Chancy.
Wave 1 $1810- $2009 is $99
Wave 2 $2009- $1931
Wave 3 can be 2.618 x wave 1 , $259 . Low of wave 2 $1931 + $259 is $2190
That's from the daily chart. A count on the monthly chart gives a wave 3 high of $3040
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