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  • #38,761
  • Aug 16, 2024 12:55pm Aug 16, 2024 12:55pm
Quoting determinato
{quote} Cute
Go man, let the people trade in peace
Now the other one is back again
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  • #38,762
  • Aug 16, 2024 12:56pm Aug 16, 2024 12:56pm
Quoting pedro319
{quote} Go man, let the people trade in peace
I come in peace!

Enjoy the weekend everybody!
Fate goes ever, as fate must.
  • #38,763
  • Aug 16, 2024 1:07pm Aug 16, 2024 1:07pm
Quoting hanzohas
resistance will probably start showing up here around 2480/90 {image}

Gold on steriode. Dont know what's behind that gold needs to reach price around 2500. Something is "cooking"...
  • #38,764
  • Aug 16, 2024 1:09pm Aug 16, 2024 1:09pm
Quoting Doublepanda
Because God is Good {image} {image} {image}
Lambo life on the way.....
  • #38,765
  • Aug 16, 2024 1:14pm Aug 16, 2024 1:14pm
Alright...

The lowest potential price for the Gold for this month is at 2085$. If the Gold doesn't drop below 2100$ this month, then in my opinion it never will. The next potential low for the Gold for this month is at 2240$. This is for the August. Moving on to the September... the lowest potential price for the Gold in September is at 2115$. The next potential low for the Gold in September is at 2290$. And lastly for the October... the lowest potential price for the Gold in October is at 2145$. The next potential low for the Gold in October is at 2345$.
  • #38,766
  • Aug 16, 2024 1:21pm Aug 16, 2024 1:21pm
ANY stats behind ur analysis?
  • #38,767
  • Aug 16, 2024 1:25pm Aug 16, 2024 1:25pm
Quoting Silver-King
Alright... The lowest potential price for the Gold for this month is at 2085$. If the Gold doesn't drop below 2100$ this month, then in my opinion it never will. The next potential low for the Gold for this month is at 2240$. This is for the August. Moving on to the September... the lowest potential price for the Gold in September is at 2115$. The next potential low for the Gold in September is at 2290$. And lastly for the October... the lowest potential price for the Gold in October is at 2145$. The next potential low for the Gold in October is...
what should bring gold that low in your opinion? Hoping for 2200 since months…
  • #38,768
  • Aug 16, 2024 1:29pm Aug 16, 2024 1:29pm
Good weekend chaps.

holding long and strong through the weekend. New highs next week imo. Possible gap up Monday.
Que Sera
  • #38,769
  • Edited 1:40pm Aug 16, 2024 1:30pm | Edited 1:40pm
Quoting Silver-King
Alright... The lowest potential price for the Gold for this month is at 2085$. If the Gold doesn't drop below 2100$ this month, then in my opinion it never will. The next potential low for the Gold for this month is at 2240$. This is for the August. Moving on to the September... the lowest potential price for the Gold in September is at 2115$. The next potential low for the Gold in September is at 2290$. And lastly for the October... the lowest potential price for the Gold in October is at 2145$. The next potential low for the Gold in October is...
2085 this month ??

more like October.

edit: if you load up the shorts and wait for a low target, you’ll make way more money than winning and losing long and short trades constantly. (And live more life in the process).

position trading is where it’s at.
Que Sera
  • #38,770
  • Aug 16, 2024 1:35pm Aug 16, 2024 1:35pm
Quoting Scalper-N
{quote} what should bring gold that low in your opinion? Hoping for 2200 since months…
I don't know and perhaps Gold is not going to drop to 2200$ anymore. The more time passes without a retracement we are anticipating, the higher and higher the potential lows for that retracement will be. It could very well be that Gold won't make that retracement in either August, September or October. If for example Gold doesn't retrace at all this year, then anything below 2200$ is out of the picture and so on and on...

This is just my opinion based on the anaysis I performed and could mean nothing.
  • #38,771
  • Aug 16, 2024 1:37pm Aug 16, 2024 1:37pm
Quoting Catempire
{quote} 2085 this month ?? more like October.
Target for the October is no longer at 2085$... that's the problem. For each month that goes by the target shifts (up). That's based on my analysis however. Could be wrong.
  • #38,772
  • Aug 16, 2024 1:42pm Aug 16, 2024 1:42pm
beautiful price level 2504
  • #38,773
  • Aug 16, 2024 1:46pm Aug 16, 2024 1:46pm
Quoting Whale
{quote} Why is that? Because the price is up now? If you think that im overreacting when trades are against me i believe this is mirror to your soul. this how you react.
No, not really
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I only follow traders with IQ above 160
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  • #38,774
  • Aug 16, 2024 1:57pm Aug 16, 2024 1:57pm
Quoting Silver-King
{quote} Good job! Just goes to show how much more risk/reward there is on Gold.
I don't intend to share that please. thanks for the compliment. God bless you
ryoiki tenkai : Blue Juggernaut
  • #38,775
  • Aug 16, 2024 1:57pm Aug 16, 2024 1:57pm
Quoting pedro319
1 min consolidation {image}
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  • #38,776
  • Aug 16, 2024 1:58pm Aug 16, 2024 1:58pm
Quoting Silver-King
{quote} I don't know and perhaps Gold is not going to drop to 2200$ anymore. The more time passes without a retracement we are anticipating, the higher and higher the potential lows for that retracement will be. It could very well be that Gold won't make that retracement in either August, September or October. If for example Gold doesn't retrace at all this year, then anything below 2200$ is out of the picture and so on and on... This is just my opinion based on the anaysis I performed and could mean nothing.
if you run a weekly chart. no way you’re seeing 2085 this month. 2 weeks away?

Maybe September but super unlikely. 415 point drop in 6 weeks is also super unlikely for gold. Ofc anything can happen but that would probably be everyone realising gold dissolves in hot water (if you catch my drift).

2300 possible, even then unlikely, even more so as we arent at the top yet. Unlikely we gap down Monday…. IMO, some dramatic news and a gap up, catch the stops is far more odds on based on how irrational these tops and bottoms are.
Que Sera
  • #38,777
  • Aug 16, 2024 2:03pm Aug 16, 2024 2:03pm
FYI

Looks possible for a gap down on the Dow next week… the Dow LOVES those trend lines. If we hit 40800 before close, which “could” correlate with a gap up on gold.

let’s see
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Que Sera
  • #38,778
  • Aug 16, 2024 2:06pm Aug 16, 2024 2:06pm
Quoting wiseguy0
{quote} Gold on steriode. Dont know what's behind that gold needs to reach price around 2500. Something is "cooking"...
I just saw resistance will start to show up around 2480/90 and it did.
I expect continuous resistance from now on, because existing sellers will probably hedge, and not many new sellers will join.
Since 2400, it's obvious that resistance is building up, and I am not a fan of buying into HHs. I simply skip long setups even when I spot them. I only add short crumbs. I don't have a crystal ball that shows me the exact reversal points, it could come at any moment, it all depends on the crowd.
ma ma make me happy
  • #38,779
  • Aug 16, 2024 2:07pm Aug 16, 2024 2:07pm
Quoting hanzohas
{quote} I just saw resistance will start to show up around 2480/90 and it did. I expect continuous resistance from now on, because existing sellers will probably hedge, and not many new sellers will join. Since 2400, it's obvious that resistance is building up, and I am not a fan of buying into HHs. I simply skip long setups even when I spot them. I only add short crumbs. I don't have a crystal ball that shows me the exact reversal points, it could come at any moment, it all depends on the crowd.
till which number do you expect the reversal?
  • #38,780
  • Aug 16, 2024 2:12pm Aug 16, 2024 2:12pm
Market still dealing with overbought H4, if we get a touch 2408.77 before the end of the session bounce will probably start straight away.
There is no point in waiting pips to pips.
You have the 1 min chart, my best friend and better than the crap you see ppl using.
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