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  • #31,101
  • Apr 13, 2024 7:52pm Apr 13, 2024 7:52pm
nothing like hindsight - i was wondering why gold turned where it did. took a bit of trendline drawing and bingo.

thought I had mapped out all the possible extensions but obviously missed this one.
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In tea leaves we trust!
  • #31,102
  • Apr 13, 2024 7:54pm Apr 13, 2024 7:54pm
reckon gold will open down and then move up.

if it open up then i'll close my long. easy peasy.
In tea leaves we trust!
  • #31,103
  • Apr 13, 2024 8:24pm Apr 13, 2024 8:24pm
Quoting Mcbeaners
reckon gold will open down and then move up. if it open up then i'll close my long. easy peasy.
i hear iran attacked, so up me thinks :O)
In tea leaves we trust!
  • #31,104
  • Apr 13, 2024 8:45pm Apr 13, 2024 8:45pm
Besides potential escalation of war in the Middle East which will probably drive Gold up...

Gold almost always attempts to fill a wick, so I'm thinking an attempt will be made on last week's weekly wick (so more up movement).

Gold challenged a 40 yr old trend line, what will happen now?

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These are 12 month candles, with the beginning trend line one around 1980.
  • #31,105
  • Apr 13, 2024 8:52pm Apr 13, 2024 8:52pm
Quoting de5151
Besides potential escalation of war in the Middle East which will probably drive Gold up... Gold almost always attempts to fill a wick, so I'm thinking an attempt will be made on last week's weekly wick (so more up movement). Gold challenged a 40 yr old trend line, what will happen now? {image} These are 12 month candles, with the beginning trend line one around 1980.
The drama has been officially ended so we might see a gap down on opening and it might be continue dumping on Monday.
  • #31,106
  • Apr 13, 2024 8:57pm Apr 13, 2024 8:57pm
Quoting profits7
{quote} _____________ just study , Learn and follow LIQUIDITY = IMHO
How do you define liquidity?

People see price "following" a trend line as liquidity, double top as liquidity, triple top as liquidity, what is this "liquidity" according to you?
The market hides a perfect geometry.
  • #31,107
  • Apr 13, 2024 9:02pm Apr 13, 2024 9:02pm
Quoting FulMargnAlch
{quote} How do you define liquidity? People see price "following" a trend line as liquidity, double top as liquidity, triple top as liquidity, what is this "liquidity" according to you?
liquidity is found above previous highs and below previous lows. you can check some of my charts i posted in my thread to get an idea of what im talking about. Grey boxes are Liquidity zones

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  • #31,108
  • Apr 13, 2024 9:12pm Apr 13, 2024 9:12pm
Quoting rehmatkhan00
{quote} The drama has been officially ended so we might see a gap down on opening and it might be continue dumping on Monday.
The drama is just beginning and Gold going down big is highly improbable in my opinion. Up is much more likely -- and there is lots of liquidity up.
  • #31,109
  • Apr 13, 2024 9:58pm Apr 13, 2024 9:58pm
Probable top failure but still not! Signal done at 2365.24 but confirmation not yet at 2325 and 19 , one tl breakout and another at test. So may market open with a bounce 3rd h4 candle towards 2370/80 before test confirmation or confirm and correct before reconfirm and breakout for next tl daily 2280 to below 2267 possible. So gold may play while bear pressure intact and all within bull set up still! Take care
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #31,110
  • Apr 13, 2024 10:11pm Apr 13, 2024 10:11pm
the attacks on Israel have not caused any huge damage to Israel. If this is one off and finished and if US convinces Netayanhu to not attack Iran gold will come down on Sunday opening.
  • #31,111
  • Apr 13, 2024 10:20pm Apr 13, 2024 10:20pm
GOLD on the Binance platform, there is now an increase in gold by 14.11%, and its price now stands at $2,661 per ounce.
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  • #31,112
  • Apr 13, 2024 10:35pm Apr 13, 2024 10:35pm
Quoting giveachance
{quote} I dont think it will open there. you can clearly see 3000 sold to 2600. what is the spread on gold at the moment. how can binance trade gold?

enjoy live chart ... gold big big up
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  • #31,113
  • Apr 13, 2024 10:37pm Apr 13, 2024 10:37pm
Quoting Hulkisbck
{quote} enjoy live chart ... gold big big up {image}
just see the opening of gold on Sunday and u will be surprised. u think the wallstreet biggies who spend millions on getting news well in advance didn't knew abt this news. everything was priced in on Friday itself.
  • #31,114
  • Apr 13, 2024 10:39pm Apr 13, 2024 10:39pm
gold ...live in binance

big jump $3032 high
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  • #31,115
  • Apr 13, 2024 10:46pm Apr 13, 2024 10:46pm
coindesk... also same in gold ... $3000 high touch...

now waiting to see gold on monday
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  • #31,116
  • Edited 11:50pm Apr 13, 2024 11:28pm | Edited 11:50pm
Quoting Hulkisbck
coindesk... also same in gold ... $3000 high touch... now waiting to see gold on monday {image}
That is not the price of Gold nor any future price. That is simply the result of BTC crashing 8% a few hours ago, because BTC trades on weekends.

BTC/XAU also crashed to 26oz, and every crypto collapsed against USD and Gold. That doesn't mean Gold/USD moved a penny.
  • #31,117
  • Apr 14, 2024 1:42am Apr 14, 2024 1:42am
It looks like Iran - Israel have tested Israel’s air defense system. Yeah it works
  • #31,118
  • Apr 14, 2024 2:22am Apr 14, 2024 2:22am
Quoting TingKS
伊朗高级军官：对以色列的行动取得圆满成功，我们不打算继续行动。 Now see what is an outcome and how market response tomorrow
next time please post in English otherwise I will report you. Chinese is not the official language of the world. for the sake of all audience this is what you posted.

"Senior Iranian military officer: The operation against Israel was a complete success and we do not intend to continue the operation"

Quoting Eren10
It looks like Iran - Israel have tested Israel’s air defense system. Yeah it works
you are still immature to understand what Israel can do? Iran will all have types of sanctions against them in days to come. Iran was made to lick US's feet from 2017 to before covid struck.
  • #31,119
  • Apr 14, 2024 2:38am Apr 14, 2024 2:38am
Quoting giveachance
Iran will all have types of sanctions against them in days to come. Iran was made to lick US's feet from 2017 to before covid struck.
You did not understand what I meant.

Iran is highly probably governed by Mossad. Just they are playing game between them.
  • #31,120
  • Apr 14, 2024 3:07am Apr 14, 2024 3:07am
Quoting giveachance
{quote} next time please post in English otherwise I will report you. Chinese is not the official language of the world. for the sake of all audience this is what you posted. "Senior Iranian military officer: The operation against Israel was a complete success and we do not intend to continue the operation" {quote} you are still immature to understand what Israel can do? Iran will all have types of sanctions against them in days to come. Iran was made to lick US's feet from 2017 to before covid struck.
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