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  • #28,421
  • Mar 13, 2024 12:57pm Mar 13, 2024 12:57pm
If gold broke 2182 it’s gonna move up further, in the meantime if gold hit below 2168 then bears will take the action from there
  • #28,422
  • Mar 13, 2024 12:58pm Mar 13, 2024 12:58pm
Quoting MrFanciful
{quote} I'm of the school who thinks they are going higher, not lower. The Fed just follows what the 2 year yield is doing. First the 2year goes up, then the Fed Funds. Likewise when it goes down. The 2 year moves first then the Fed. The 2 year is determined by the market, so in effect the Fed simply responds to what the market demands. Interest rates are a measure of risk. It's the compensation for the risk that the investor incurs investing their money. The greater the risk, the greater the interest rate required. It is getting riskier and riskier...
Please stop with the political jabs during your posts. It does no good, and I'm sure not everyone agrees with you; this is not a place for politics or political bias in our posts. This is trading.
TechKnow
  • #28,423
  • Mar 13, 2024 1:03pm Mar 13, 2024 1:03pm
Quoting Techknow
{quote} Please stop with the political jabs during your posts. It does no good, and I'm sure not everyone agrees with you; this is not a place for politics or political bias in our posts. This is trading.
I agree. I'm not making political jab. I just used The Swamp in the US context in the same way that we refer to The Blob here in the UK. It's just a phrase to describe the "clique inner circle" so to speak who actually pull the strings. If it was to do with the reference to Russian asset confiscation, Yellen has said they are looking to do it. There isn't anything political in it, just reiterating/paraphrasing what they said.

Also, you aren't seriously suggesting that politics has no bearing on global financial markets and should therefore not be discussed or considered are you?
  • #28,424
  • Mar 13, 2024 1:04pm Mar 13, 2024 1:04pm
Quoting Techknow
{quote} Please stop with the political jabs during your posts. It does no good, and I'm sure not everyone agrees with you; this is not a place for politics or political bias in our posts. This is trading.
So not sure how his comment was political. The FED is supposedly not political. Everything else that he said is simply a statement of news.
  • #28,425
  • Mar 13, 2024 1:43pm Mar 13, 2024 1:43pm
I guess we’ll see 2.200 tomorrow …
"Rule No.1: Never lose money. Rule No.2: Never forget rule No.1." — Warren
  • #28,426
  • Mar 13, 2024 2:25pm Mar 13, 2024 2:25pm
Quoting mr-roma
I guess we’ll see 2.200 tomorrow …
Depends on today’s closing price, closing above 2178 might lead to 2200
  • #28,427
  • Mar 13, 2024 5:44pm Mar 13, 2024 5:44pm
I'm not sure, but I think H4 time frame seems to be a bearish trend
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But H12 seems Bullish and not only H12. Overall, it's still bullish trend but who knows what the news will bring
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"Rule No.1: Never lose money. Rule No.2: Never forget rule No.1." — Warren
  • #28,428
  • Edited 8:30pm Mar 13, 2024 8:04pm | Edited 8:30pm
I think 2114 will comes first.. Present price 2176... From 2114 price may shoots up to scare bears by 19th-20th March 2024 or may not..
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I'm not always right.. I'm not always wrong neither
  • #28,429
  • Mar 13, 2024 11:53pm Mar 13, 2024 11:53pm
Good day to all,

My sell target 2143-6 from 2175.
SURFER
  • #28,430
  • Mar 14, 2024 12:27am Mar 14, 2024 12:27am
Hi guys
this two zone which I have marked are important as I think price will bounce between them.
Looking ot only sell for today until price is less than 2180.
2162 may be the start of continuation of the rally.
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Trend following
  • #28,431
  • Edited 2:09am Mar 14, 2024 12:49am | Edited 2:09am
watching gold pa this morning . waiting for a breakout up side , earliest breakout now 2070.77, earliest signal 2171.33, earliest confirmation 2172.48 . support may 2168.70. lets see , take care

now bo level 2170.30 , signal 2171.34 to start long then ! waiting, do first to enter next !

just get one earliest signal at 2169.77 , so breakout level now 2170.25 likely testing.

this trend line repeatedly rejecting , price , again watching for 2169.90 , what happen!

continuous rejection , ok , now trendline goes to 2169.70 , much lower or slowly narrower. anyway minimum 2170.10 breaks and hold will enter a long with sl below previous low ! waiting if any profit with gold today !

this bounce actually against strong bear intention H4 tf , so more wait before action if any opportunity !
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #28,432
  • Mar 14, 2024 3:17am Mar 14, 2024 3:17am
My Daily Pivots & Range
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  • #28,433
  • Mar 14, 2024 3:36am Mar 14, 2024 3:36am
Quoting John4y
My Daily Pivots & Range {image}
First of all, thank you for posting this on a daily basis.

Do you actively trade using these ranges?
  • #28,434
  • Mar 14, 2024 4:26am Mar 14, 2024 4:26am
Inserted Video
  • #28,435
  • Edited 5:20am Mar 14, 2024 4:59am | Edited 5:20am
So targetting 2173 breakout level first and next decision after high impact news!

Usdx down but gold still reacting well!
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #28,436
  • Mar 14, 2024 5:04am Mar 14, 2024 5:04am
Price finally reacted to all those FVG zones in 5m.
As I said only short for today
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Trend following
  • #28,437
  • Mar 14, 2024 5:55am Mar 14, 2024 5:55am
Quoting Elliottway
Good day to all, My sell target 2143-6 from 2175.
Loaded new sell at 2171-2 level..
SURFER
  • #28,438
  • Mar 14, 2024 6:16am Mar 14, 2024 6:16am
Quoting Elliottway
{quote}Loaded new sell at 2171-2 level..
News trade? Or we have to close before news?
  • #28,439
  • Mar 14, 2024 6:32am Mar 14, 2024 6:32am
Quoting MrFanciful
I'm calling it quits. Another account blown. It literally spends the entire day taking my stop and the immediately reversing. so spent about 3 weeks building my account up to £640 annnnnnnnnnndddd it's gone.
According to this, you have a good system, you just use it badly. Try trading with reverse psychology. Open a demo account and the goal should be to halve the starting capital as soon as possible. It will be an interesting experience. If your account keeps growing anyway, than refine your trading strategy based on your experiences.

Andre Kostolany:

“I can’t tell you how to get rich quickly; I can only tell you how to get poor quickly: by trying to get rich quickly.”

”The day when the otherwise stubborn optimist turns pessimistic is most likely the turning point of the exchange rate trend. Of course, the reverse is also true. If the inveterate pessimist turns into an optimist, you should get out of the stock market as quickly as possible.”
f(z)=z2+c
  • #28,440
  • Mar 14, 2024 6:36am Mar 14, 2024 6:36am
Quoting mwaqar309
{quote} News trade? Or we have to close before news?
At present Gold is facing support in 2167.88 level, Then possible support areas for bears 2152,2135,2118,2084 and then finally the ultimate target that bears can try to chase will be arrived @ 2058. All analysis as per technical analysis basis so Fundamental traders can not be satisfied with it. I may be wrong.Trade safe
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