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  • #40,041
  • Aug 28, 2024 8:02am Aug 28, 2024 8:02am
This thread is something else, some guys just keeps on buying silver when its going down, another’s switching sides every hour, buying the selling then selling when it’s buying, wth happened
  • #40,042
  • Aug 28, 2024 8:02am Aug 28, 2024 8:02am
GOLD Are we witnessing the birth of a Butterfly? H4
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  • #40,043
  • Aug 28, 2024 8:06am Aug 28, 2024 8:06am
Quoting pedro319
GOLD Are we witnessing the birth of a Butterfly? H4 {image}
yes brother. I don't see butterfly on my chart but my buy limit triggered let's fly!
2 Corinthians 12:9
  • #40,044
  • Aug 28, 2024 8:09am Aug 28, 2024 8:09am
Quoting pedro319
GOLD Are we witnessing the birth of a Butterfly? H4 {image}
15m base above 2515 and i will join you.
otherwise sideline.

GL
  • #40,045
  • Aug 28, 2024 8:13am Aug 28, 2024 8:13am
Quoting Techknow
Things to watch for. -the 4 hour or hourly closing back above this trend line -lots of support here -If this area breaks, 2475 will happen. I would expect an excellent bounce from the yellow area IF it gets there. If prices close back up on the 4-hour, it would be wise to get long. If the price cannot, i will hold short for the yellow. All rectangles are great long opps. Let the price come to you. Flat for now enjoyed the short scalps. {image}
Welp, closed back inside on that 4 hour. Triggered long again. Cant even get a 15 minute rest today
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TechKnow
  • #40,046
  • Aug 28, 2024 8:15am Aug 28, 2024 8:15am
Quoting Techknow
{quote} Welp, closed back inside on that 4 hour. Triggered long again. Cant even get a 15 minute rest today {image}

Enslaved by the Gold rush!!
We watch the charts from every angle so you don't have to!!
  • #40,047
  • Aug 28, 2024 8:19am Aug 28, 2024 8:19am
Quoting profits7
{quote} _________ @ steffile , just Ignore da Noise [ after da fact CRAP ] I just Pay attn. to Pedro + TechKnow ! {image}
_______________ all in ADVANCE =
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Don’t focus on making $$$, focus on protecting what you have.
  • #40,048
  • Aug 28, 2024 8:20am Aug 28, 2024 8:20am
Quoting pedro319
GOLD Are we witnessing the birth of a Butterfly? H4 {image}
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TechKnow
  • #40,049
  • Aug 28, 2024 8:20am Aug 28, 2024 8:20am
Now, we're back in the game for 30.7$ on the Silver as long as the low that was reached today holds. Price breaking the low of today would mean, in my humble opinion, that the real retracement just began on PMs. Of course, the door to 25$ and potentially 22.5$ would open as well as 2300$ - 2350$ for the Gold.
  • #40,050
  • Aug 28, 2024 8:31am Aug 28, 2024 8:31am
Quoting profits7
{quote} _______________ all in ADVANCE = {image}
you forgot to cover that you bought above 2520..

suggest you all to be careful.. pick low and high sometimes are bingo.
most of the time a dream.

i prefer to long but must get a base above bullish 15m/30m market structure
  • #40,051
  • Aug 28, 2024 8:45am Aug 28, 2024 8:45am
I think market is playing pinball rn
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  • #40,052
  • Aug 28, 2024 9:09am Aug 28, 2024 9:09am
Quoting sashiko48
I think market is playing pinball rn {image}
Need to take out 2511 on hourly basis. As long as we don't get 4H close candle below 2503 upside still intact
  • #40,053
  • Aug 28, 2024 9:12am Aug 28, 2024 9:12am
Kinda ridiculous what this market has been doing the last 2 weeks. Wtf was that asian drop when asia never moves gold in a 200 pip counter move. Wtf is this super barrier at ~2490 (same like 2390 few weeks ago), even if the price already printed a new HH and daily looks like a prime outside bearish bar. Wtf is what the price is doing now, tightly locked around weekly pivot (~2505). Looking at hourly, it is wick after wick after wick of total chaos and randomness, looks like a damn hedgehog. I get it, the first week of july and last week of August everyone has to be on vacation and market has zero direction. Just be September already please.
  • #40,054
  • Aug 28, 2024 9:29am Aug 28, 2024 9:29am
First station for refuelling sits at 2513, then 2517, you may find little resistance around these two.
We watch the charts from every angle so you don't have to!!
  • #40,055
  • Edited 9:41am Aug 28, 2024 9:29am | Edited 9:41am
Quoting mades
Kinda ridiculous what this market has been doing the last 2 weeks. Wtf was that asian drop when asia never moves gold in a 200 pip counter move. Wtf is this super barrier at ~2490 (same like 2390 few weeks ago), even if the price already printed a new HH and daily looks like a prime outside bearish bar. Wtf is what the price is doing now, tightly locked around weekly pivot (~2505). Looking at hourly, it is wick after wick after wick of total chaos and randomness, looks like a damn hedgehog. I get it, the first week of july and last week of August...
________ stinkin slimeee mm havin FIELD_DAYS 4SURE ! soon Sept. - - - da Same this Crap last yr
Don’t focus on making $$$, focus on protecting what you have.
  • #40,056
  • Aug 28, 2024 9:40am Aug 28, 2024 9:40am
Quoting 69Doggy
This thread is something else, some guys just keeps on buying silver when its going down, another’s switching sides every hour, buying the selling then selling when it’s buying, wth happened
The reason why I'm extremely bullish (leave analysis aside for the moment) on the PMs and the Silver in particular is because I know the history will repeat itself, however in much grander scale then during GFC. The reason PMs will wipe the floor with everything else in this cycle we have entered is because this time we will also have a crash, much greater then in 2008., we have world war 3 and we'll witness hyper-accelerated inflation and not deflation as was the case during GFC.

We still didn't witness a full on war, we still didn't witness a crash, we still didn't witness bank failures which will be counted by hundreds, we still didn't witness hyper-inflation and Fed Funds are still at their peak.

This is all what is yet to happen...

As for the entries and exits, I use the analysis and nothing else. There are points at which I buy or I dump. Selling PMs is not my thing, however I shall Short PMs one last time and that is when this God forsaken retracement we're all waiting for begins. I'm not buying blindly, almost always I buy when the price reaches certain support and then take it from there and see how the situation develops further and of course there is a price after which buying is no longer wise.
  • #40,057
  • Aug 28, 2024 9:40am Aug 28, 2024 9:40am
Don't know what gold is doing these days
Just as life gold also have no direction nowadays
  • #40,058
  • Aug 28, 2024 9:50am Aug 28, 2024 9:50am
DXY 98.7. I'll be waiting for that... if I had to guess, it'll drop to this number before the Fed in September. I think the Fed's Meeting in September will be the biggest event of this year despite us already knowing that the Fed will deliver 0.25% cut. Really high potential that from there the PMs will start their real retracement or perhaps even a heavy short, about 200$ heavy short is what I mean.
  • #40,059
  • Aug 28, 2024 9:51am Aug 28, 2024 9:51am
Quoting pedro319
First station for refuelling sits at 2513, then 2517, you may find little resistance around these two.
Mr Pattern specialist, i'm not to familiar with patterns myself but would you consider an inverted H&S forming on the 5M on Gold ?
  • #40,060
  • Aug 28, 2024 9:53am Aug 28, 2024 9:53am
Quoting SnakeDok
{quote} Mr Pattern specialist, i'm not to familiar with patterns myself but would you consider an inverted H&S forming on the 5M on Gold ?
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