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  • #29,661
  • Mar 28, 2024 4:05am Mar 28, 2024 4:05am
GOLD M30

Going to be. Just a personal opinion.
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Look right, we'll see the signs
  • #29,662
  • Mar 28, 2024 4:22am Mar 28, 2024 4:22am
2300 here we come
  • #29,663
  • Mar 28, 2024 4:23am Mar 28, 2024 4:23am
I dont understand why gold is that much bullish these days… USDX is pushing up and up and it doesnt effect gold as much as usual…
  • #29,664
  • Mar 28, 2024 4:40am Mar 28, 2024 4:40am
Quoting Scalper-N
I dont understand why gold is that much bullish these days… USDX is pushing up and up and it doesnt effect gold as much as usual…
Because the dollar is falling against gold. Fiat currencies are in the beginning phases of collapse. Countries around the world are reducing their dollar holdings and buying gold at record rates.

Just because the DXY is going up, does not mean that the dollar is also increasing in value against gold, it just means that the other currencies that the dollar is measured against in the DXY basket are falling against gold even faster than the dollar is.

I may be the worst trader here, but I understand what's going on. I just can't seem to profit from it.
  • #29,665
  • Mar 28, 2024 4:51am Mar 28, 2024 4:51am
imo, to be ready for 2188-2197th range.., let's call it fundraising
dolce vita
  • #29,666
  • Mar 28, 2024 4:53am Mar 28, 2024 4:53am
Quoting MrFanciful
{quote} Because the dollar is falling against gold. Fiat currencies are in the beginning phases of collapse. Countries around the world are reducing their dollar holdings and buying gold at record rates. Just because the DXY is going up, does not mean that the dollar is also increasing in value against gold, it just means that the other currencies that the dollar is measured against in the DXY basket are falling against gold even faster than the dollar is. I may be the worst trader here, but I understand what's going on. I just can't seem to profit...
I feel you brother... May I join your guild?

I do not know how I always manage to f@ck up 90% of the good trades and the rest will be either narror/deep stop loss ... TP not hit ... etc.
Everything you sum up in your posts.

For example Isabela gave a really good assumption of what will happen I got a nice trade from 97 to 67.67... and then buy order ... from there. Price went down to 67.15... reversed hard and stupid me did not cash out at around 80 but got that trade at at minimal profit or even a loss when price went down again.

And much much more... 3rd week in a row my balance is in red...
  • #29,667
  • Mar 28, 2024 4:57am Mar 28, 2024 4:57am
I'd like to see it come down below 2150 also, just to reduce the uncertainty.

If you look at the week that Lehman Brothers collapsed, price rose that week, but then consolidated to 3 weeks before falling to make a new low. After that low was made, the 3 year journey to $2000 began. So we might go down, we might not. Maybe gold an silver are going to have a move like cocoa has had? ¯\_(ツ)_/¯
  • #29,668
  • Mar 28, 2024 5:00am Mar 28, 2024 5:00am
Quoting deathwingbg
{quote} I feel you brother... May I join your guild? I do not know how I always manage to f@ck up 90% of the good trades and the rest will be either narror/deep stop loss ... TP not hit ... etc. Everything you sum up in your posts. For example Isabela gave a really good assumption of what will happen I got a nice trade from 97 to 67.67... and then buy order ... from there. Price went down to 67.15... reversed hard and stupid me did not cash out at around 80 but got that trade at at minimal profit or even a loss when price went down again....
I've had 3 green weeks this year. One week I made about £75, another about £40. Not much consolation given my £4038 of losses so far this year.

I backtested my strategy that I have but can't stick to on yesterdays data when I got home. I would have made about 80% profit had I strictly stuck to it and took all the entries presented. Even though I'm incredibly bullish on gold long term, I'm also looking at the 4+ hour timeframes and thinking this has to retrace to take that liquitidy, so I'm constantly selling even though it's not part of my strategy. I just can't seem to stop that when I'm live.
  • #29,669
  • Mar 28, 2024 5:08am Mar 28, 2024 5:08am
Quoting parveenverma
{quote} Once Again Price trying to break 2198.....This is the 3rd try of bulls in Past two days to blast this level but till now Bears seems there with more ammunition and more attacking mode than bulls. Let's see.......who will win today's fight? Trade safe buddies
Bulls seems very very crazy today. This is their 3rd attempt to crash down 2198 of today but till now 2198 is not ready to surrender. Bears there seems more crazy than the bulls. Trade safe
  • #29,670
  • Mar 28, 2024 5:15am Mar 28, 2024 5:15am
Quoting parveenverma
{quote} Bulls seems very very crazy today. This is their 3rd attempt to crash down 2198 of today but till now 2198 is not ready to surrender. Bears there seems more crazy than the bulls. Trade safe
The sellers probably know that people are willing to buy it further up and so aren't selling here
  • #29,671
  • Mar 28, 2024 5:17am Mar 28, 2024 5:17am
Trading Rule:

"Do not interfere while Bulls and Bears are in blood bath fighting mode otherwise we will be crushed down definately. Wait till one of them not surrender and another one is very very tired so that we can easily sit on the winner's back for enjoy the noiseless long ride"

  • #29,672
  • Mar 28, 2024 5:21am Mar 28, 2024 5:21am
Quoting parveenverma
Trading Rule: "Do not interfere while Bulls and Bears are in blood bath fighting mode otherwise we will be crushed down definately. Wait till one of them not surrender and another one is very very tired so that we can easily sit on the winner's back for enjoy the noiseless long ride"
Well said. my bet is on bulls.
Good or bad, this too shall pass...!!
  • #29,673
  • Mar 28, 2024 5:23am Mar 28, 2024 5:23am
Quoting ParthSharma
{quote} Well said. my bet is on bulls.
Here we goooooooo...........
Good or bad, this too shall pass...!!
  • #29,674
  • Mar 28, 2024 5:23am Mar 28, 2024 5:23am
I should have taken my own advice
  • #29,675
  • Mar 28, 2024 5:25am Mar 28, 2024 5:25am
Is 2200 the new floor now?
  • #29,676
  • Mar 28, 2024 5:27am Mar 28, 2024 5:27am
Instead of people selling gold for the end of year, maybe they bought so as to reduce their taxes.
  • #29,677
  • Mar 28, 2024 5:27am Mar 28, 2024 5:27am
Quoting MrFanciful
Is 2200 the new floor now?
i think a hard drop will come soon again.
  • #29,678
  • Mar 28, 2024 5:29am Mar 28, 2024 5:29am
2208.17 is DeMark's DR1..,
testing it
and
2197.50th is a middle of daily & HIGH of yesterday daily
dolce vita
  • #29,679
  • Mar 28, 2024 5:30am Mar 28, 2024 5:30am
Hello traders,
Nasty candle, i took shorts,2:1 RR will not hedge if hits my stops, cause dont know where TOP can be
Trade safe
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Consistency will bring everything...Be good.
100% Is The Target v.1 All Time Return: -95.4%
  • #29,680
  • Mar 28, 2024 5:32am Mar 28, 2024 5:32am
Quoting luckytujuh
{quote} 2205 is nice range. But what i see is that if it break 2211. Then dont enter anymore at 2215. It will and it will tap the ATH to test and break
2205 hit. Now 2008. Will definitely test 2211 now to test and try to break ATH. Caution with entries now be it long or short
Trading is very lonely
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