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  • #66,581
  • Feb 28, 2025 9:42am Feb 28, 2025 9:42am
Quoting RedCable
{quote} As things progress, the day might end at around 2852-54, of it reveres from the 2842 level then probably make new low
Doubt we will get a new low, price is reacting off strong levels on daily and weekly charts. But yeah who know this is gold after all.
  • #66,582
  • Feb 28, 2025 9:44am Feb 28, 2025 9:44am
Quoting RedCable
{quote} As things progress, the day might end at around 2852-54, of it reveres from the 2842 level then probably make new low
Price delivery, equilibrium to equilibrium...
Look right, we'll see the signs
  • #66,583
  • Feb 28, 2025 9:55am Feb 28, 2025 9:55am
Quoting d1zzy
{quote} But yeah who know this is gold after all.
I've been trading for 15 years, when starting i had the Lars Ulrich 1980 hair, after 15 years i now own the 2024 Lars Ulrich hair. Thank you gold
MY SITTING, NEVER MY THINKING!
  • #66,584
  • Feb 28, 2025 9:57am Feb 28, 2025 9:57am
____________ dealers closin their books 2day !
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Don’t focus on making $$$, focus on protecting what you have.
  • #66,585
  • Feb 28, 2025 9:58am Feb 28, 2025 9:58am
2 hours till close. Looks good. Sexy ass wick.
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MY SITTING, NEVER MY THINKING!
  • #66,586
  • Feb 28, 2025 10:00am Feb 28, 2025 10:00am
Quoting azhantahir
{quote} IMO.. {image}
Major and minor buy stop..


edited
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Look right, we'll see the signs
  • #66,587
  • Feb 28, 2025 10:01am Feb 28, 2025 10:01am
Quoting merrygold
{quote} I've been trading for 15 years, when starting i had the Lars Ulrich 1980 hair, after 15 years i now own the 2024 Lars Ulrich hair. Thank you gold
LOL! Please stick around and post more often!
  • #66,588
  • Feb 28, 2025 10:01am Feb 28, 2025 10:01am
Quoting azhantahir
{quote} Major and minor buy stop.. {image}
Fortune favors the brave, i like My levels are close to identical to yours.
MY SITTING, NEVER MY THINKING!
  • #66,589
  • Feb 28, 2025 10:03am Feb 28, 2025 10:03am
Quoting d1zzy
{quote} LOL! Please stick around and post more often!
Thanks, will do - i've been offline from this forum for years due to too much drama and "See i told you" shit comments. Hope the quality of the comments in the forum is better now, than for 10 years ago
MY SITTING, NEVER MY THINKING!
  • #66,590
  • Feb 28, 2025 10:06am Feb 28, 2025 10:06am
Quoting merrygold
{quote} Fortune favors the brave, i like My levels are close to identical to yours.
Discount area at old low and current probabilities zones. It seems we are inside zones with uncertainties, but the probabilities are there.
Look right, we'll see the signs
  • #66,591
  • Feb 28, 2025 10:28am Feb 28, 2025 10:28am
Quoting merrygold
So far so good. waiting for close @ 4h {image}
Im a newbie if that isn’t obvious lol, 4h candle looked abit like a hammer to me but obviously still had a decent body so wondering if you think it was enough for a support?
  • #66,592
  • Feb 28, 2025 10:40am Feb 28, 2025 10:40am
Been keeping track of price movement, and marking out directions since Tuesday , even though I didn’t take them live , because of my trading break !

but I’ve now come to realize that part of the reason for the choppy price action In the last two weeks of February , was because of this sudden bearish move that’s happening , it was a whole higher timeframe new resistance forming , when people where trying to go higher ! … and wanted to get to 3000 overnight !

I’d love to see how march unfolds , I want to see full bodied daily candles which is 2 good trending days in a week… through out march ! …… we need money , we’ve got bigger whips to buy … Gold be nice ….
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  • #66,593
  • Feb 28, 2025 10:48am Feb 28, 2025 10:48am
Quoting ntsprttyflck
{quote} Im a newbie if that isn’t obvious lol, 4h candle looked abit like a hammer to me but obviously still had a decent body so wondering if you think it was enough for a support?
to be a hammer candle, it has to have a long wick and close at the top of its own body. - This is still possible as the candle first closes 19:00 (central european time)

As for now, the candle has wicks in both directions, but the lower wick is longer than upper wick, meaning that there was more buying liquidity in that area + the buying liquidity took place on the 200ma, which is know to be the golden standard for many banks and insitutional traders.

On the screenshot, you will see the candle. Red box meaning sellers liquidity, and green box buyers liquidity.

If its valid as support, is a big question, because liquidity is been taking out all the time in need to fill the market. BUT if this candle holds its form, i would be looking for bullish momentum for next week. This is pure technical, trump is meeting Zelensky later today to talk about a mineral deal, and also the blueprint for a potential peace agreement, which also plays a major role in gold. But for now i would assume there will be a bullish formation next week, due to gold been on a rally, and the overall trend is still very bullish. Perhaps we will not for nearest future see a new ath, but i do think 29xx levels is in the playing cards for next week.

Trade safe, and only take my advice with a grain of salt. I only trade my own money and manage my own risk
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MY SITTING, NEVER MY THINKING!
  • #66,594
  • Feb 28, 2025 10:52am Feb 28, 2025 10:52am
Quoting Nbafx-
Been keeping track of price movement, and marking out directions since Tuesday , even though I didn’t take them live , because of my trading break ! but I’ve now come to realize that part of the reason for the choppy price action In the last two weeks of February , was because of this sudden bearish move that’s happening , it was a whole higher timeframe new resistance forming , when people where trying to go higher ! … and wanted to get to 3000 overnight ! I’d love to see how march unfolds , I want to see full bodied daily candles which is 2 good...
You got the hints. Sharing about the Theoretical D1 narrative for price action.
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Look right, we'll see the signs
  • #66,595
  • Feb 28, 2025 11:12am Feb 28, 2025 11:12am
Quoting merrygold
{quote} to be a hammer candle, it has to have a long wick and close at the top of its own body. - This is still possible as the candle first closes 19:00 (central european time) As for now, the candle has wicks in both directions, but the lower wick is longer than upper wick, meaning that there was more buying liquidity in that area + the buying liquidity took place on the 200ma, which is know to be the golden standard for many banks and insitutional traders. On the screenshot, you will see the candle. Red box meaning sellers liquidity, and green...
h1 end with draw on liquidity. If H1 gifts another sign, the price may be bearish again.
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Look right, we'll see the signs
  • #66,596
  • Feb 28, 2025 11:21am Feb 28, 2025 11:21am
Quoting azhantahir
{quote} h1 end with draw on liquidity. If H1 gifts another sign, the price may be bearish again. {image}
It would be lovely to see a break of Europe open price. I still have faith in 4h long wick on 200ema, but I do also except a lot of tug of war in this area due to the highly volatile market. Let's see how 4h close looks like, after that I will lay focus on 1h formation.
MY SITTING, NEVER MY THINKING!
  • #66,597
  • Feb 28, 2025 11:32am Feb 28, 2025 11:32am
Quoting merrygold
{quote} It would be lovely to see a break of Europe open price. I still have faith in 4h long wick on 200ema, but I do also except a lot of tug of war in this area due to the highly volatile market. Let's see how 4h close looks like, after that I will lay focus on 1h formation.
H4 still has half an hour before it ends. Hopefully, it going to be. But, we in the end of weekly bias. Would love it if we could start with a new week. It's a new week, with a new month, with a new narrative...IMO..
Look right, we'll see the signs
  • #66,598
  • Feb 28, 2025 11:35am Feb 28, 2025 11:35am
Quoting azhantahir
{quote} You got the hints. Sharing about the Theoretical D1 narrative for price action. {image}

I love this image representation you put up regarding what I said earlier , it seems you figured that the daily candles understanding allows traders to increase their win rate , by using the directional bias for a particular day !

very true ; using the daily candles for directional bias , filters unreasonable trades !….. those traders you see trying to catch bulls in a bearish market , it happens to them because they don’t understand draws on liquidity on the daily timeframe highs and lows !

when the daily timeframe directional bias aligns with the , lower timeframe market structure …. BOOM !! you execute !
  • #66,599
  • Feb 28, 2025 11:42am Feb 28, 2025 11:42am
Quoting Nbafx-
{quote} I love this image representation you put up regarding what I said earlier , it seems you figured that the daily candles understanding allows traders to increase their win rate , by using the directional bias for a particular day ! very true ; using the daily candles for directional bias , filters unreasonable trades !….. those traders you see trying to catch bulls in a bearish market , it happens to them because they don’t understand draws on liquidity on the daily timeframe highs and lows ! when the daily timeframe directional bias...
Yes, a lot of traders don't understand about drawing on liquidity. Only wishing to go there and there without reference. I wish you the best of luck, buddy. It is just a theoretical bias but can be used as a preference.
Look right, we'll see the signs
  • #66,600
  • Feb 28, 2025 11:46am Feb 28, 2025 11:46am
Quoting azhantahir
{quote} You got the hints. Sharing about the Theoretical D1 narrative for price action. {image}
Thank you for the image, it will help me in my learning process.
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