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  • #24,881
  • Dec 28, 2023 4:26am Dec 28, 2023 4:26am
Quoting ScalaFX
{quote} we are sitting now at 61 fibo last swing down, price can exlode from here to the upside but in minutes also can dive 30$ or more, better protect your position if have any
I decline towards 2050 would be amazing, even if it is only a dead cat bounce or not, some buying scalps from there will be nice.
"Who Dares Wins"
  • #24,882
  • Dec 28, 2023 4:27am Dec 28, 2023 4:27am
Quoting iusman23
{quote} Fibo I have on Daily is quite similar. According to Fibo we were supposed to reject at 2070-68 area and it did same. I am considering this fall as a retracement. Gold needs a support to jump again, waiting for a support to form above 2078 and then a buying confirmation.
yes
Be Calm In Every Situation
  • #24,883
  • Dec 28, 2023 4:57am Dec 28, 2023 4:57am
Quoting sambhav30
does it giving signal of selling......bcoz first it was went down then it retrace and now a bearish candle was formed...........
wrong post i think
Be Calm In Every Situation
  • #24,884
  • Dec 28, 2023 5:28am Dec 28, 2023 5:28am
XAU/USD (Gold against the US Dollar) is on a steady rise, reaching a new high recently. This growth is different from the rapid spike seen on December 4, which quickly reversed. The current increase is gradual, suggesting a stable rally. This trend is driven by expectations of rate cuts by the Federal Reserve, linked to lower US yields.

Key levels to watch are $2,088 and $2,106, which are significant resistance points, and $2,071 and $2,050 as support levels. The rise is expected to continue at a steady pace for several reasons: the holiday season typically means less market activity, the 4-hour Relative Strength Index (RSI) indicates the market is slightly overbought, and investors are cautious about a potential rapid increase that could reverse quickly. However, the overall trend is upward.
| Trading Edge | RR | Psychology | Persistence | Fortune | Prosperity |
  • #24,885
  • Dec 28, 2023 5:30am Dec 28, 2023 5:30am
Still really bullish on daily, weekly and monthly.
No more scalping for me, just swing trades
  • #24,886
  • Dec 28, 2023 6:05am Dec 28, 2023 6:05am
There is a scalp sell set up down to $2066 To $2060
ryoiki tenkai : Blue Juggernaut
  • #24,887
  • Dec 28, 2023 6:14am Dec 28, 2023 6:14am
Quoting TingKS
too risky to short. I might short from 2080 level. of course slowly add more until reach 2080. trade according to your account power
done my trading today. from 2087 to 2072. Waiting later US news and waiting for direction again.
  • #24,888
  • Dec 28, 2023 6:33am Dec 28, 2023 6:33am
A new reverse support formed below 2075. Gold might push to 2070-69 support.
2070 is a strong support area. Gold can consolidate or jump again.
Secret to the Price Action is Liquidity.
  • #24,889
  • Dec 28, 2023 6:42am Dec 28, 2023 6:42am
Instrument- XAUUSD

BUY

Entry - $2073 to 2075

Stop loss - 2071

Lot size - 0.03

Profit Targets- $2079 to $2085
ryoiki tenkai : Blue Juggernaut
  • #24,890
  • Dec 28, 2023 6:44am Dec 28, 2023 6:44am
short 2075.10
vankiepsauff@gmail
  • #24,891
  • Dec 28, 2023 6:48am Dec 28, 2023 6:48am
Quoting iusman23
A new reverse support formed below 2075. Gold might push to 2070-69 support. 2070 is a strong support area. Gold can consolidate or jump again.
Attached Image (click to enlarge)
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  • #24,892
  • Dec 28, 2023 7:32am Dec 28, 2023 7:32am
Quoting vankiepsauff
short 2075.10
add short 2078.50
vankiepsauff@gmail
  • #24,893
  • Dec 28, 2023 7:33am Dec 28, 2023 7:33am
news is positive for gold......
Be Calm In Every Situation
  • #24,894
  • Dec 28, 2023 7:39am Dec 28, 2023 7:39am
according to my POV .....market maked a double bottom pattern and it's neck line is on 79......if it breaks then we can go for buy
Be Calm In Every Situation
  • #24,895
  • Dec 28, 2023 7:51am Dec 28, 2023 7:51am
Quoting sambhav30
according to my POV .....market maked a double bottom pattern and it's neck line is on 79......if it breaks then we can go for buy
I think a resistance might be forming on 77 on the 15mins tf.
  • #24,896
  • Dec 28, 2023 7:55am Dec 28, 2023 7:55am
Quoting iusman23
A new resistance formed at 2078. If Price breaks 78 and takes support above 2078 area. We can buy to 2084-88.
u can see here...it was formed forexstarr bro
Be Calm In Every Situation
  • #24,897
  • Dec 28, 2023 7:58am Dec 28, 2023 7:58am
current and temporary support is on 72
Be Calm In Every Situation
  • #24,898
  • Dec 28, 2023 7:58am Dec 28, 2023 7:58am
Quoting vankiepsauff
{quote} add short 2078.50
closed all at 2073.50
vankiepsauff@gmail
  • #24,899
  • Dec 28, 2023 8:05am Dec 28, 2023 8:05am
Quoting sambhav30
{quote} u can see here...it was formed forexstarr bro
I saw this trade and somehow i was hesitant to take it. Gosh. I lost that 50pips ongoing
  • #24,900
  • Dec 28, 2023 8:07am Dec 28, 2023 8:07am
Quoting vankiepsauff
{quote} closed all at 2073.50
I saw this trade bro but was hesitant to follow. Cos I was caught out cold yesterday after the news made a difference. My sell loss was huge. Funnily it took out my SL at 2088 and there it is back even below my yesterday entry
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