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  • #43,681
  • Sep 20, 2024 5:14am Sep 20, 2024 5:14am
Quoting 19monza64
{quote} We often interpret the charts based on our desires and not what they tell us. W chart. 1) What the price has done in recent weeks is a base preceded by a rally so I expect another rally. Note the structure of the cycle and its closure (ABC). Notice how the price to close the cycle fell very little and how with force broke the structure creating a new low. 2) We never forget that in trading we operate in terms of probability and that nothing is certain. So have an elastic mind and be ready to change your mind if the price doesn't do what...
W1 Chart

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  • #43,682
  • Sep 20, 2024 5:22am Sep 20, 2024 5:22am
i really wanna sell but absolutely nothing ATM support short, maybe luck.

be back after 9AM utc
  • #43,683
  • Sep 20, 2024 5:28am Sep 20, 2024 5:28am
Sold 2607, stop at 2610, tp at 2602, just scalping, I took the trade because the 15M fvg that was disrespected was retested
  • #43,684
  • Sep 20, 2024 5:32am Sep 20, 2024 5:32am
Quoting axecap
{quote} wheres your FVG? 2605.57 looks like some R on m15 {image}
See the last 3 candles to the top
  • #43,685
  • Sep 20, 2024 5:34am Sep 20, 2024 5:34am
Quoting ElCampeador
{quote} If you bought a house in 1980 and sold it in 2007/8, you bought very low and sold very high. Time is gold regardless price or exact moment
that is confirm
GREATEST WISDOM AND POSITIVE ENABLEMENT COMES FROM ALMIGHTY GOD
  • #43,686
  • Sep 20, 2024 5:43am Sep 20, 2024 5:43am
Quoting Pranjal
{quote} You may be right. Also anything can happen in this world. I am elliot wave trader on gold. And my analysis is saying that a healthy correction is due now. Also seasonal tendency is saying same that October and November will be bearish for gold {image} {image}
According to the Monthly Chart and we will say you are right, this pullback to around 2300$ is going to happen in either February or March of 2025.
According to the Weekly Chart, this pullback towards 2300$ should happen either this or the next month (October) or we wait for 2025.
  • #43,687
  • Sep 20, 2024 5:44am Sep 20, 2024 5:44am
M15 still showing no signs what so ever to Sell.

If M5 candle can close below 2608.5$, then we will probably get a Sell to at least 2600$, but not convinced for anything further than that.
  • #43,688
  • Sep 20, 2024 5:47am Sep 20, 2024 5:47am
Quoting Whale
i really wanna sell but absolutely nothing ATM support short, maybe luck. be back after 9AM utc
They usually pull the price down after NYO or after LC.
  • #43,689
  • Sep 20, 2024 5:54am Sep 20, 2024 5:54am
You know what is absolutely interesting to me?

Fed cut rates by 50bps on September 18h 2007. even though the forecast was that the Fed will cut by 25bps.
JPY pairs topped on July of 2007.
PMs have been going up even before the Fed started cutting rates in September of 2007., however PMs continued to make new all time highs up until the March of 2008.

There is so much similarities between the 2007. and 2024.!

If the same fate awaits the PMs, then we are looking at the March of 2025. for a retracement to start kicking in. It looks ridiculous and impossible, but the same shit happened in 2007. and probably it was ridiculous and impossible to other people back then.
  • #43,690
  • Sep 20, 2024 6:00am Sep 20, 2024 6:00am
Quoting lucky23forex
Let's see where it goes. {image}
Hit BE
  • #43,691
  • Sep 20, 2024 6:04am Sep 20, 2024 6:04am
Quoting Silver-King
You know what is absolutely interesting to me? Fed cut rates by 50bps on September 18h 2007. even though the forecast was that the Fed will cut by 25bps. JPY pairs topped on July of 2007. PMs have been going up even before the Fed started cutting rates in September of 2007., however PMs continued to make new all time highs up until the March of 2008. There is so much similarities between the 2007. and 2024.! If the same fate awaits the PMs, then we are looking at the March of 2025. for a retracement to start kicking in. It looks ridiculous and impossible,...
Ah yes, then come 2008 depression. Fed will make the same mistake again, just in a different ways, different scenarios. The best things they can do is to do nothing to cure the economy
  • #43,692
  • Sep 20, 2024 6:06am Sep 20, 2024 6:06am
Quoting Silver-King
You know what is absolutely interesting to me? Fed cut rates by 50bps on September 18h 2007. even though the forecast was that the Fed will cut by 25bps. JPY pairs topped on July of 2007. PMs have been going up even before the Fed started cutting rates in September of 2007., however PMs continued to make new all time highs up until the March of 2008. There is so much similarities between the 2007. and 2024.! If the same fate awaits the PMs, then we are looking at the March of 2025. for a retracement to start kicking in. It looks ridiculous and impossible,...
Anytime now it’s coming final tp for the buys being pushed up against a rising dollar have to release it soon
  • #43,693
  • Sep 20, 2024 6:09am Sep 20, 2024 6:09am
Quoting Silver-King
{quote} They usually pull the price down after NYO or after LC.
idk..
this is strange assumption.

i think price need to fight on the 2586 area for the close of the week.
it could be totally far away from my view, but lets see.
  • #43,694
  • Sep 20, 2024 6:09am Sep 20, 2024 6:09am
Gold still has strong bullish momentum on M5, M30, 1H, 4H, D, W so it just seems strange to look for a SHORT trade.

I'll keep taking bullish's scalps till the buying pressure collapses.
No sign of that yet.
Trading thin liquidity at the boundary of the charts
  • #43,695
  • Sep 20, 2024 6:30am Sep 20, 2024 6:30am
Quoting RickM
Gold still has strong bullish momentum on M5, M30, 1H, 4H, D, W so it just seems strange to look for a SHORT trade. I'll keep taking bullish's scalps till the buying pressure collapses. No sign of that yet.
Agree, the price now too high even for bulls. With this high price, US have 2 choices, do nothing and enjoy weekend or buying dip.
  • #43,696
  • Sep 20, 2024 6:31am Sep 20, 2024 6:31am
Quoting pedro319
{quote} Today you have: 2609, 2615 We are not going higher before pullback
All done and ready to sink!
We watch the charts from every angle so you don't have to!!
  • #43,697
  • Edited 6:47am Sep 20, 2024 6:33am | Edited 6:47am
_________ I tried Google , strangly NO clear answer = whats ur guys Opinion on this , Im just Curious

They are NOT coded to my tradin acct. #
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Don’t focus on making $$$, focus on protecting what you have.
  • #43,698
  • Sep 20, 2024 6:48am Sep 20, 2024 6:48am
Quoting pedro319
{quote} All done and ready to sink!
If M5 can close below 2612.5$, I'm in. However, I don't expect much.
I'll TP at either 2605$ or 2595$.
  • #43,699
  • Sep 20, 2024 7:04am Sep 20, 2024 7:04am
Quoting profits7
{quote} _______________ all in ADVANCE = aka transparency {image}
_____________ will Bank 50% profits$ @ TP1 , remain to TP2
Don’t focus on making $$$, focus on protecting what you have.
  • #43,700
  • Sep 20, 2024 7:17am Sep 20, 2024 7:17am
Quoting parveenverma
{quote} Hi d1zzy.....I am a full time trader. This news was important for all traders so I share it. Some peoples here in this room are continue making nonsense noise like negative comments about religion ,country and dirty dirty abuses so its better to sit a side and concentrate on my trading. Trade Safe {image}
Same remarks
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