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  • #28,561
  • Mar 15, 2024 12:57pm Mar 15, 2024 12:57pm
Because of the overthrow on the topside, I think it will definitely break down here. Typical Price action; however, it is late on Friday, so maybe it will not get far if it does. I would expect it at some point though perhaps next week. Regardless will watch for a break of the TL before engaging
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TechKnow
  • #28,562
  • Mar 15, 2024 1:10pm Mar 15, 2024 1:10pm
Quoting MrPJ614
{quote} I'm not sure it will. Even if it close 215X, I think it will be high 215X, like 2158.
Just closed gold n silver.... Silver gone crazy today
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study of behavior and mind,conscious and unconscious
  • #28,563
  • Mar 15, 2024 1:55pm Mar 15, 2024 1:55pm
Quoting MrPJ614
Why are the bears celebrating? We need to go under 2150 for a reversal to the bearish case.
Maybe because they already took their profits?
ma ma make me happy
  • #28,564
  • Mar 15, 2024 2:08pm Mar 15, 2024 2:08pm
This Week's Pivot (PP) Rocked Around 2151
Next week's Pivot (P0) Lays around 2166
(BTW: "P0" is my Daily updating Ghost Pivot)
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See for yourselves...
  • #28,565
  • Mar 15, 2024 3:00pm Mar 15, 2024 3:00pm
Ok,

I had enough of Trading / Scalping for the week, have a good weekend everyone.

I leave you with this mix of mine form 17/ 04 / 2020 - I named it Roses - Covid-19 Mix
You can download or listen from this link : https://vdjpodcast.s3.amazonaws.com/vdjpodcast71942.mp3

Original mix is on my Podcast here : https://virtualdj.com/user/EmKUMAR/podcast.html

Good Night everyone
FX is a Bitc*h!, No one keeps me wake all night but FX does!!
  • #28,566
  • Mar 15, 2024 3:05pm Mar 15, 2024 3:05pm
Quoting LitEU
I added more lots to my trade {image}
Nice Lit, Im going with you on monday
People don't plan to lose. They lose because they don't plan.
  • #28,567
  • Mar 15, 2024 3:06pm Mar 15, 2024 3:06pm
Quoting MrPJ614
Why are the bears celebrating? We need to go under 2150 for a reversal to the bearish case.
; likly becouse most traders tp so price drops
Let me fill my acount wallet then will take Ur advice
  • #28,568
  • Mar 15, 2024 8:16pm Mar 15, 2024 8:16pm
Quoting ScalaFX
{quote} Nice Lit, Im going with you on monday
Now on bulls to push through when market opens back on Monday
  • #28,569
  • Mar 15, 2024 8:16pm Mar 15, 2024 8:16pm
Quoting mr-roma
{quote} You bought? I’m profiting by selling. Next week is also seems to be bearish trend
my overall bias trading gold is bullish
  • #28,570
  • Mar 16, 2024 2:50am Mar 16, 2024 2:50am
weekly closure still considered bullish.
may try to long at 2150 and cut loss at 2143 when market open on monday.
any price breaking below my stated cut loss price. might drop more towards 2135-2129.
maybe that push till wednesday before fomc.

price can still tap ATH price before dropping down, or maybe push a bit more up to create a fakeout.
it all depends on the movement on that tuesday or wednesday before fomc.
there will be a slight pump and dump by banks and institution.
this i am certain.
Trading is very lonely
  • #28,571
  • Mar 16, 2024 2:59am Mar 16, 2024 2:59am
Quoting LitEU
{quote} my overall bias trading gold is bullish
Hi LitEU,
Would you like to pls help me for next week. here is my screenshot. Can i cancel these trades or wait for bullish move?
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  • #28,572
  • Mar 16, 2024 3:58am Mar 16, 2024 3:58am
https://www.forexfactory.com/attachm...l?d=1710504379before and after
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  • #28,573
  • Mar 16, 2024 8:04am Mar 16, 2024 8:04am
Every direction it breaks the trend-line, Price will continue in that direction through next week.
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Trend following
  • #28,574
  • Mar 16, 2024 10:01am Mar 16, 2024 10:01am
Quoting chsaleem
{quote} Hi LitEU, Would you like to pls help me for next week. here is my screenshot. Can i cancel these trades or wait for bullish move? {image} {image}

Im not saying u are wrong. But i know some people have diff trade strategy. Its not wrong to add layers. But i hope the next time u add layers it must not be that close. Try this strategy, first entry 2nd entry 40-50 pips away from first entry, third entry 30-40 pips away from 2nd entry. Then no more entries. Anything below ur 3rd entry cut loss. Because usually if u enter at correct prices. Usually u should keep it max at 2 entries.

Having more trade entries can be a bad habit. Its a margin call disease. But its not wrong, understand its ur acc and ur own money. But try to have more risk management
Trading is very lonely
  • #28,575
  • Mar 16, 2024 1:09pm Mar 16, 2024 1:09pm
Gold - 4hrs ... next week view
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  • #28,576
  • Mar 16, 2024 1:25pm Mar 16, 2024 1:25pm
Quoting LitEU
{quote} Now on bulls to push through when market opens back on Monday
Same here. I have a feeling we still have to test 2200.. maybe even just above that to take our sellers at 2200.
"Who Dares Wins"
  • #28,577
  • Edited 2:58pm Mar 16, 2024 2:47pm | Edited 2:58pm
These are my coffee grounds/crystal ball for next week. Friday is intentionally not included. Please only understand it as a rough guide from today's perspective.
I assume that there will be no surprises on Wednesday. Interest rate cuts throughout the year, as is known.
In my current opinion, this will not lead to any significant fluctuation on Wednesday (Dot Plots?), then disappointment on Thursday that things are as they are.
It remains to be seen how the other assets develop. If a general cooling becomes apparent (stock indices...bonds,USD), gold will also initially complete the expected cooling towards first to 2100. That I prefere.
If general optimism prevails, 2250 will quickly be reached. I'm betting on a short-term cooldown, but I'm trading from bottom to top intraday.

See XAUUSD H4 - a possible distribution of gold development over the next 4 days.
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  • #28,578
  • Mar 16, 2024 11:55pm Mar 16, 2024 11:55pm
Quoting aahmad29
{quote} That was a nice way to provoke him to reveal his secret . But I am here at FF and since 2012 , I haven’t seen traders having that much success on TIME trades. If NextElliot has reached to his best level then forget about that he will reveal his method. Personally I think this is not just method. It is whole study of combinations of different stuff.
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I'm not always right.. I'm not always wrong neither
  • #28,579
  • Mar 17, 2024 12:43am Mar 17, 2024 12:43am
Quoting NextElliott
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.. {image} {image}
My expectation...

=================================================
Disclaimer: Love it or leave it I also want to encourage people with "BRAIN" to follow my work at their own risk..
I'm not always right.. I'm not always wrong neither
  • #28,580
  • Mar 17, 2024 1:06am Mar 17, 2024 1:06am
2 weeks left in the quarter so dont forget ladies and gentlemen only this thing in my image will cause gold price to close above last quarters high and confirm a breakout

and i havent heard NASA warning us of an approaching comet
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short trump and go long the deepstate
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