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  • #29,381
  • Mar 26, 2024 2:57am Mar 26, 2024 2:57am
Imo price should retest 2150 before GDP report on thursday, that is because data today might come out positive for dollar and that alone is enough motivation for retail traders to flex there muscle. Thursday and Friday still intact for any manipulation or major move, it's either Gold touches 2100 or breaks out of 2222
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we live, learn and earn for tomorrow
  • #29,382
  • Mar 26, 2024 3:21am Mar 26, 2024 3:21am
Quoting Elliottway
{quote}retracement done from 2174. Going to move up..
I just don't get it. How do you tell the difference between it being a pull back and it being a reversal given that a pullback is a reversal on a lower timeframe?

Coming up on 8 years of trying with this and absolutely every move and every candle looks like a the beginning of a move and the end of a move at the exact same time, regardless of timeframe. This up move that just happened, how do I know that it isn't a stop hunt?
  • #29,383
  • Mar 26, 2024 3:26am Mar 26, 2024 3:26am
gold - 5min
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  • #29,384
  • Mar 26, 2024 3:32am Mar 26, 2024 3:32am
Classic, shorters get wiped. 2182 and back to 2173
  • #29,385
  • Mar 26, 2024 3:41am Mar 26, 2024 3:41am
Question of the day:-
Will 2178 hold or blasted out today?
  • #29,386
  • Mar 26, 2024 3:42am Mar 26, 2024 3:42am
Quoting parveenverma
Question of the day:- Will 2178 hold or blasted out today?
Closed 1st lot of GOLD Buy of today. Let's see....how this level reacts? Trade safe
  • #29,387
  • Mar 26, 2024 3:52am Mar 26, 2024 3:52am
Quoting MrFanciful
{quote} I just don't get it. How do you tell the difference between it being a pull back and it being a reversal given that a pullback is a reversal on a lower timeframe? Coming up on 8 years of trying with this and absolutely every move and every candle looks like a the beginning of a move and the end of a move at the exact same time, regardless of timeframe. This up move that just happened, how do I know that it isn't a stop hunt?
really there is no stop hunt. If you understand the price action before and after market session. You can find the pullback in lower timeframe entry and higher timeframe target. Just what I did. But, Breakout is true. Am still trying to learn about between the higher timeframes like h4 and daily. They change the volatile strength by breakout. Yesterday 2176 breakout for lower timeframe but, price came down for liquidity. How we can say this pullback or reversal. Its depends on the market session. Hope you can understand better.
SURFER
  • #29,388
  • Edited 4:16am Mar 26, 2024 4:00am | Edited 4:16am
Quoting parveenverma
Question of the day:- Will 2178 hold or blasted out today?
today or not today... this week still 2195. There from 2017
XAUUSD W
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  • #29,389
  • Mar 26, 2024 4:09am Mar 26, 2024 4:09am
Quoting Elliottway
{quote}really there is no stop hunt. If you understand the price action before and after market session. You can find the pullback in lower timeframe entry and higher timeframe target. Just what I did. But, Breakout is true. Am still trying to learn about between the higher timeframes like h4 and daily. They change the volatile strength by breakout. Yesterday 2176 breakout for lower timeframe but, price came down for liquidity. How we can say this pullback or reversal. Its depends on the market session. Hope you can understand better.
I cannot see direction at all. I try to look on the higher timeframes but it just looks random. Lower timeframe looks random. I end up opening positions in both directions. I was better 7 years ago when I trading GBPUSD on 5 minute chart just with stochastic overbought and over sold levels. But I'm reluctant to do that now because all fiat currencies are going to go to zero and the UK and US are probably going to go into hyperinflation.

I keep expecting gold to drop below 2150, but it just keeps reversing up, then coming back down, then going up. always hitting my SL and never my TP.

But then anyone thinking that it has to retrace hasn't seen cocoa
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  • #29,390
  • Mar 26, 2024 4:11am Mar 26, 2024 4:11am
Price chance to retrace from 2183-85.
SURFER
  • #29,391
  • Mar 26, 2024 4:13am Mar 26, 2024 4:13am
Even now, I can't see whether price is going up or down. I know I can look at the chart and see there have been 2 nice bullish candles on the 1 hour. But that is telling me what price has done, not what it looks like it's going to do.
  • #29,392
  • Mar 26, 2024 4:18am Mar 26, 2024 4:18am
Gold after opening session
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Look right, we'll see the signs
  • #29,393
  • Mar 26, 2024 4:24am Mar 26, 2024 4:24am
yeaa.... 50 pips.. alhamdulillah
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  • #29,394
  • Mar 26, 2024 4:25am Mar 26, 2024 4:25am
Rip shorters. Next target 2186. Well see what happens in new york session.
  • #29,395
  • Mar 26, 2024 4:26am Mar 26, 2024 4:26am
Quoting MrFanciful
Even now, I can't see whether price is going up or down. I know I can look at the chart and see there have been 2 nice bullish candles on the 1 hour. But that is telling me what price has done, not what it looks like it's going to do.
Nobody knows where price is going, candles are there to fake us out when we are in profit or trick us before we enter.
The easy way is to wait for extreme consolidation like in the chart above and trade the breakout with a tight stop - and stay in till a failed high event occurs whilst adding to your position if possible.
Just do what you think is wrong because 99% of the crowd are doing the opposite with a smile on their faces and losing every day.

Cheers
Trading thin liquidity at the boundary of the charts
  • #29,396
  • Mar 26, 2024 4:27am Mar 26, 2024 4:27am
Quoting Techknow
Can wiggle down a little more if it wants, no worries. Either way is fine. {image}
Update on longs. Going exactly as planned. Good luck.
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TechKnow
  • #29,397
  • Mar 26, 2024 4:29am Mar 26, 2024 4:29am
Quoting RickM
{quote} Nobody knows where price is going, candles are there to fake us out when we are in profit or trick us before we enter. The easy way is to wait for extreme consolidation like in the chart above and trade the breakout with a tight stop - and stay in till a failed high event occurs whilst adding to your position if possible. Just do what you think is wrong because 99% of the crowd are doing the opposite with a smile on their faces and losing every day. Cheers
Cheers appreciate it
  • #29,398
  • Mar 26, 2024 4:31am Mar 26, 2024 4:31am
Quoting Kaabakas
Rip shorters. Next target 2186. Well see what happens in new york session.
I'm sorry... I just not a bias of buying or selling... if its time to buy, I buy.. if sell, I sell..
  • #29,399
  • Mar 26, 2024 4:35am Mar 26, 2024 4:35am
Quoting Zairul
yeaa.... 50 pips.. alhamdulillah {image}
actually I just target for 20 - 30 pips, but she goes fast... hehehe... just take 50 pips offer... hehehe
  • #29,400
  • Mar 26, 2024 4:35am Mar 26, 2024 4:35am
Quoting parveenverma
{quote} Closed 1st lot of GOLD Buy of today. Let's see....how this level reacts? Trade safe
Next:- 2190-2184-2198 Only possibilities......Do you own analysis. I may be wrong.Trade safe
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