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  • #49,381
  • Edited 11:13am Oct 28, 2024 10:58am | Edited 11:13am
The price has already started losing up momentum. It may try to fake out and then go down. 2750 may come and then come down below 2700.

possible movement
1. come down to 2736 then go up 2750 and then go below 2700.
2. come down to 2726 then go to 2736 and then go below 2700.

lets see end of the year if i remain a profitable trader. hope.....
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  • #49,382
  • Edited Oct 29, 2024 12:32am Oct 28, 2024 11:00am | Edited Oct 29, 2024 12:32am
Short at : 2741
Sl : 2747(sl hit)(-60pip)
Tp : open
  • #49,383
  • Oct 28, 2024 11:20am Oct 28, 2024 11:20am
Quoting Tintin2014
The price has already started losing up momentum. It may try to fake out and then go down. 2750 may come and then come down below 2700. possible movement 1. come down to 2736 then go up 2750 and then go below 2700. 2. come down to 2726 then go to 2736 and then go below 2700. lets see end of the year if i remain a profitable trader. hope..... {image}
I wouldn't be surprised if it goes from here to 2750... It's being aggressively purchased.
  • #49,384
  • Oct 28, 2024 12:01pm Oct 28, 2024 12:01pm
Quoting Neowarcloud
{quote} I wouldn't be surprised if it goes from here to 2750... It's being aggressively purchased.
I dont know what you saw today.. check 4h/1h.. price standing.. the micro wave inside the range are nothing.
no man's land ATM
  • #49,385
  • Oct 28, 2024 12:10pm Oct 28, 2024 12:10pm
Quoting Neowarcloud
{quote} I wouldn't be surprised if it goes from here to 2750... It's being aggressively purchased.
it could but it could also go to 2550
  • #49,386
  • Oct 28, 2024 12:15pm Oct 28, 2024 12:15pm
Quoting Neowarcloud
{quote} I wouldn't be surprised if it goes from here to 2750... It's being aggressively purchased.
Where do you see activity? No one buys, no one sells.
Desire is a set of possibilities And reluctance - a lot of reasons ....
  • #49,387
  • Oct 28, 2024 12:28pm Oct 28, 2024 12:28pm
should’ve shorted oil more, gold just doesn’t like to dump or correct decently, most difficult short for a while
  • #49,388
  • Oct 28, 2024 12:36pm Oct 28, 2024 12:36pm
Quoting lipopos
{quote} Where do you see activity? No one buys, no one sells.
I mean the volume looked pretty strong, but there are a lot of buyers and sellers in this region, so neither side seem to be chasing price now... definitely not sellers at least
  • #49,389
  • Oct 28, 2024 12:38pm Oct 28, 2024 12:38pm
Quoting Neowarcloud
{quote} I mean the volume looked pretty strong, but there are a lot of buyers and sellers in this region, so neither side seem to be chasing price now... definitely not sellers at least
Here we go. This attempt we penetrate 2750
"Who Dares Wins"
  • #49,390
  • Oct 28, 2024 12:43pm Oct 28, 2024 12:43pm
Taken some shorts. @ 2744.73 & 2744.63

SL tight as a nuns… @ 2745.03
Que Sera
  • #49,391
  • Oct 28, 2024 12:49pm Oct 28, 2024 12:49pm
Hey gold...If your erection lasts longer than 4 hours, were' gonna have to see a doctor.
  • #49,392
  • Oct 28, 2024 12:56pm Oct 28, 2024 12:56pm
Buyer showing the first signs of slowing.

it either starts to pull back or it bursts through at a rate of knots.

I’m sweying with a pull back to test at least 2735

could go down to 2721 at which point would look to buy again.

could be a rising wedge reversal.
Que Sera
  • #49,393
  • Oct 28, 2024 1:28pm Oct 28, 2024 1:28pm
I don't see any buy set up at all. I already opened a short @2744 zone. If the price goes up, I will add more shorts...DCA... 2750~52 can be the last price. I think the bullish momentum is about to stop.
  • #49,394
  • Oct 28, 2024 1:36pm Oct 28, 2024 1:36pm
Quoting Tintin2014
I don't see any buy set up at all. I already opened a short @2744 zone. If the price goes up, I will add more shorts...DCA... 2750~52 can be the last price. I think the bullish momentum is about to stop.
Price goes up and down every week, this won’t change based on an intraday movement on a no news random Monday. It could drop to 2692 & still make new highs before the end of the week.

buyers can step in once they get their price, short term FOMO kicks in and 2850 here we come.

it has to be said, one week tomorrow until elections, followed by Fed meeting, market will start getting risk off at some point.
Que Sera
  • #49,395
  • Oct 28, 2024 1:36pm Oct 28, 2024 1:36pm
This range lasted about as long and is WAY LESS bearish than the one in mid September (about the 16th) and we all know how that turned out. How can you confidently say the buying power has gone?
Just open a H1 chart and look it up.

And to be clear i have no idea if it ended or not, I'm not committed either way, I'm waiting for key levels to be reached, either up or down to make my mind after the market made theirs. Don't waste your money guys.
  • #49,396
  • Oct 28, 2024 2:40pm Oct 28, 2024 2:40pm
i gave up shorting gold, will only consider shorts after touching 2800 or so, i could be wrong and im willing to take the risk of loosing huge profits.
HTF’s are showing further possibility of new high
  • #49,397
  • Oct 28, 2024 3:18pm Oct 28, 2024 3:18pm
Possible bigger correction is sight, ranges in my 4H market structure marking gettin smaller. I will look at those levels how the price behaves and what situation around is.
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  • #49,398
  • Oct 28, 2024 3:27pm Oct 28, 2024 3:27pm
Quoting Polimini
This range lasted about as long and is WAY LESS bearish than the one in mid September (about the 16th) and we all know how that turned out. How can you confidently say the buying power has gone? Just open a H1 chart and look it up. And to be clear i have no idea if it ended or not, I'm not committed either way, I'm waiting for key levels to be reached, either up or down to make my mind after the market made theirs. Don't waste your money guys.
Mid-September prices and today's chart are different; take another look.

Not everyone is losing money. It's not right thing to tell people to avoid trading gold in this current market situation, each trader has their unique plan and strategy. Some market condition trader lose money and some condition makes a good amount of money.

Gold often throws a fake-out before making its reversal. 2750~60 is very much possible. For now, this is my predition. supply and demand zone is not complete yet. Once these zone price come, need to check the volume and how the price re-act.
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  • #49,399
  • Edited 4:09pm Oct 28, 2024 3:56pm | Edited 4:09pm
https://www.forexfactory.com/thread/...7#post15042007
XAUUSD H4
goal < 2400
Short orders are not violated today: 2757; 2750; 2748; 2747; 2746
In case of prices are higher - long will be activated near short,
The short positions remain as long as it makes sense
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  • #49,400
  • Oct 28, 2024 4:02pm Oct 28, 2024 4:02pm
https://x.com/zerohedge/status/1851005431185117218
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