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  • #25,201
  • Jan 3, 2024 11:24am Jan 3, 2024 11:24am
IF WORLD WAR 3 IS TRIGGER SOON... WHAT WILL HAPPEN TO GOLD ? USD ?
  • #25,202
  • Jan 3, 2024 11:26am Jan 3, 2024 11:26am
I see that 2015, fibo 0.618 and Murrey Math S1 coincide.
  • #25,203
  • Jan 3, 2024 11:39am Jan 3, 2024 11:39am
any one plz tell should I buy or sell
  • #25,204
  • Jan 3, 2024 12:45pm Jan 3, 2024 12:45pm
Quoting profits7
{quote} {image}
________ takin toooo Long , closed all trades till After FOMC @ 2PM EST [ NYtime ]
Don’t focus on making $$$, focus on protecting what you have.
  • #25,205
  • Jan 3, 2024 3:21pm Jan 3, 2024 3:21pm
My scenario: starting to drop from friday. Target around 1950
POSTMASTER
  • #25,206
  • Jan 3, 2024 5:10pm Jan 3, 2024 5:10pm
Daily Fibo Levels based on volatility.

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Love for all; Hatred for none.
  • #25,207
  • Jan 3, 2024 5:38pm Jan 3, 2024 5:38pm
I at difference opinion. As long term trend of gold is uptrend. but short term now is downtrend. I predict it need to bound back to 2056 area first then only have power to further down. And yesterday one long down line occurred, high chance is reverse back to 2056 area or change from short term downtrend to uptrend. Just my own opinion. And yesterday I average down my trade to 2044, and closed it at 2047 in the end. Now I open long again at 2042, set tp at 2055. track safe. tq
  • #25,208
  • Jan 3, 2024 5:55pm Jan 3, 2024 5:55pm
Quoting TingKS
I at difference opinion. As long term trend of gold is uptrend. but short term now is downtrend. I predict it need to bound back to 2056 area first then only have power to further down. And yesterday one long down line occurred, high chance is reverse back to 2056 area or change from short term downtrend to uptrend. Just my own opinion. And yesterday I average down my trade to 2044, and closed it at 2047 in the end. Now I open long again at 2042, set tp at 2055. track safe. tq
If the resistance at 2043 keeps being rejected, Gold should fall back to 2033. If it continues its downtrend, we might see 2023 today. At the same time, if Gold goes through 2043 and takes support above the resistance, it'll jump to the 2053 resistance area.
Now keeping in my that Gold is on an uptrend. We must read the Daily (D1) chart, on that chart, I have applied Fibo which went through the 23.6 level and then tried to push up and rejected it. Which is why it continued its downtrend.
Let's talk about Technical Analysis now. If you see D1 chart, you'll see 2 major supports at 2031 and 2019. At 2019 support, there is another Fibo level 38.2 where in the past Gold was rejected, so there at 2019 we have Fibo's and Supports rejected possibilities, if it's not 2031 for the uptrend then it must be 2019. Before Gold starts its uptrend it must tap on any of these two major supports. It tapped 2031 and rejected the support. Now we need to see if the support can hold or not. Gold will visit 2031 today again for sure.
Secret to the Price Action is Liquidity.
  • #25,209
  • Jan 3, 2024 6:08pm Jan 3, 2024 6:08pm
Quoting iusman23
{quote} If the resistance at 2043 keeps being rejected, Gold should fall back to 2033. If it continues its downtrend, we might see 2023 today. At the same time, if Gold goes through 2043 and takes support above the resistance, it'll jump to the 2053 resistance area. Now keeping in my that Gold is on an uptrend. We must read the Daily (D1) chart, on that chart, I have applied Fibo which went through the 23.6 level and then tried to push up and rejected it. Which is why it continued its downtrend. Let's talk about Technical Analysis now. If you see...
yes, you are right. This is what we can see from chart. And in my tracking static, always have up and down limit, just which trend have more probability, and how to control my volume if it is in opposite direction. I will average down my track with add more at it resistance level/support level. So this is depend on how big volume and our margin account too. Your analysis is very details and easy understanding compare to me. My english no very well, so i cannot elaborate like you. TQ bro
  • #25,210
  • Jan 3, 2024 6:54pm Jan 3, 2024 6:54pm
Just a simple word. Filled imbalance before continuing sell-off. Should be a reversal if going down. Just a personal opinion.
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Look right, we'll see the signs
  • #25,211
  • Jan 3, 2024 8:24pm Jan 3, 2024 8:24pm
*Personal opinion*
Short term - I believe the 2030 support is going to be tested again.
I Sold at 2041 - 1 hour ATR 5.02
Stop loss at 1.5 ATR - 2048.12
Take profit at 2.0 ATR - 2030.60

Looking at how its moving i may be at a loss here . Still, I think the 2030 support will be tested again before shooting back up. Fingers crossed.
  • #25,212
  • Jan 3, 2024 8:27pm Jan 3, 2024 8:27pm
According to my analyze on d1 chart......market is still above from 200 EMA. According to fibo levels there is golden point on 1949 and 0.38 is on 2020.there is also a good support here on 2019.....
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Be Calm In Every Situation
  • #25,213
  • Jan 3, 2024 9:01pm Jan 3, 2024 9:01pm
Quoting soria.alr
*Personal opinion* Short term - I believe the 2030 support is going to be tested again. I Sold at 2041 - 1 hour ATR 5.02 Stop loss at 1.5 ATR - 2048.12 Take profit at 2.0 ATR - 2030.60 Looking at how its moving i may be at a loss here . Still, I think the 2030 support will be tested again before shooting back up. Fingers crossed.
ATR is stands for? and what is that?....BTW u have to wait of confirmation for sell
Be Calm In Every Situation
  • #25,214
  • Jan 3, 2024 9:55pm Jan 3, 2024 9:55pm
Possibility reaching 2080 today.
POSTMASTER
  • #25,215
  • Jan 3, 2024 10:04pm Jan 3, 2024 10:04pm
Quoting Robinhood1
Possibility reaching 2080 today.
Based on WHAT?
  • #25,216
  • Jan 3, 2024 10:11pm Jan 3, 2024 10:11pm
Quoting Robinhood1
Possibility reaching 2080 today.
My bias is short so not thinking to go long even if It may hit 2080.
POSTMASTER
  • #25,217
  • Jan 3, 2024 10:16pm Jan 3, 2024 10:16pm
Quoting Denisjkehaos
{quote} Based on WHAT?
85% retracement
POSTMASTER
  • #25,218
  • Edited Jan 4, 2024 12:36am Jan 3, 2024 10:50pm | Edited Jan 4, 2024 12:36am
Just checking chart / halt at the channel low, and may try breakout next and further up correction as well. So sideways or bottoming effect may possible.. Take care most in this leg down., that is risk may add for any trade!
exact limit up 2058 , tl 2052. so fake out over 52 likely , may short below 58! . pattern sees a butterfly though!
now 2040/ 30 areas are not any good support / just assumed and likely breaks for real better support 2020 and good 2005 , where it may take more time to decide for good target 1832 to good fakeout to try bull again !
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #25,219
  • Jan 3, 2024 11:05pm Jan 3, 2024 11:05pm
Quoting Robinhood1
{quote} My bias is short so not thinking to go long even if It may hit 2080.
My apoligies members, i never remember to mention why of my scenarios because i trade visually. Patterns and some personal retracements. I also like the Fib 1.618 ocasionally. Cheers
POSTMASTER
  • #25,220
  • Jan 3, 2024 11:17pm Jan 3, 2024 11:17pm
Quoting sambhav30
{quote}ATR is stands for? and what is that?....BTW u have to wait of confirmation for sell
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