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  • #66,601
  • Feb 28, 2025 12:01pm Feb 28, 2025 12:01pm
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?
Good afternoon,

Even though the candlestick has upper wicks in this case, it can still be read as a hammer, because what it tells us is that "price tested level X and was rejected".
The small upper wick may just represent minor volatility.

As a market sentiment, you can read it as a hammer.

As someone said above, this candlestick is on a support. A minor support, which should be broken on Monday/Tuesday, but yes, it is a hammer on a support.
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  • #66,602
  • Feb 28, 2025 12:12pm Feb 28, 2025 12:12pm
Quoting azhantahir
{quote} h1 end with draw on liquidity. If H1 gifts another sign, the price may be bearish again. {image}
Just beware if it's a fake pattern setup. Lots of traders already take some profits. We in the end of week. It will close soon. Have a nice weekend.
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Look right, we'll see the signs
  • #66,603
  • Feb 28, 2025 12:15pm Feb 28, 2025 12:15pm
Quoting cansam30
{quote} Thank you for the image, it will help me in my learning process.
wish you the best of luck, buddy. It's about the process.
Look right, we'll see the signs
  • #66,604
  • Feb 28, 2025 12:30pm Feb 28, 2025 12:30pm
Zelenskiy and trump meeting is not going as planned. I'm curious what the outcome over the weekend will be, this will definitely effect the price of gold
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MY SITTING, NEVER MY THINKING!
  • #66,605
  • Feb 28, 2025 12:34pm Feb 28, 2025 12:34pm
Quoting merrygold
Zelenskiy and trump meeting is not going as planned. I'm curious what the outcome over the weekend will be, this will definitely effect the price of gold {image}
it can take the price higher, trump drama continuous
  • #66,606
  • Feb 28, 2025 12:37pm Feb 28, 2025 12:37pm
Quoting RedCable
{quote} it can take the price higher, trump drama continuous
Yes, and from a technical point, the price is hovering around at the 4h 200ma. In the last hour, the price has slightly fallen, but the last 12 x 5m candlestick has a lot of bullish Impulses, which potentially can be translated to a slightly bull build up.
MY SITTING, NEVER MY THINKING!
  • #66,607
  • Feb 28, 2025 12:39pm Feb 28, 2025 12:39pm
How high do you think it will go in the next few hours?
  • #66,608
  • Feb 28, 2025 12:40pm Feb 28, 2025 12:40pm
Quoting merrygold
Zelenskiy and trump meeting is not going as planned. I'm curious what the outcome over the weekend will be, this will definitely effect the price of gold {image}
Gold will boom to above. Based on H1, some hint toward buyers. Draw on liquidity by W1. Sell by D1. Monthly still expansion. IMO.
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Look right, we'll see the signs
  • #66,609
  • Feb 28, 2025 12:44pm Feb 28, 2025 12:44pm
Quoting merrygold
{quote} Yes, and from a technical point, the price is hovering around at the 4h 200ma. In the last hour, the price has slightly fallen, but the last 12 x 5m candlestick has a lot of bullish Impulses, which potentially can be translated to a slightly bull build up.
I think those are good signs. The probabilities are there with tiny SL
Look right, we'll see the signs
  • #66,610
  • Feb 28, 2025 12:46pm Feb 28, 2025 12:46pm
Quoting azhantahir
{quote} Gold will boom to above. Based on H1, some hint toward buyers. Draw on liquidity by W1. Sell by D1. Monthly still expansion. IMO. {image} {image} {image}
As asked before, do we wear the same glasses? it's a pleasure seeing your charts, I'm not that smart when drawing on chart and posting them, will be better on that

When I've get home, I will post a link to a weekend gold tracker, so those who don't know have the possibility how the price reacts over the weekend .
MY SITTING, NEVER MY THINKING!
  • #66,611
  • Feb 28, 2025 12:49pm Feb 28, 2025 12:49pm
Quoting Far90
How high do you think it will go in the next few hours?
To be honest, only time will tell. From a technical standpoint the price is on a heavy tug of war level, from a fundamental standpoint I do believe the price will rise due to uncertainty about war. If you are thinking about opening a trade now, I would not recommend, month end is close, and gold could potentially open with a big gap at open
MY SITTING, NEVER MY THINKING!
  • #66,612
  • Feb 28, 2025 12:52pm Feb 28, 2025 12:52pm
Quoting merrygold
{quote} If you are thinking about opening a trade now, I would not recommend, month end is close, and gold could potentially open with a big gap at open
Thank you, I am a newbie here, so that was a good point and very helpful.
  • #66,613
  • Feb 28, 2025 12:53pm Feb 28, 2025 12:53pm
Quoting merrygold
{quote} As asked before, do we wear the same glasses? it's a pleasure seeing your charts, I'm not that smart when drawing on chart and posting them, will be better on that When I've get home, I will post a link to a weekend gold tracker, so those who don't know have the possibility how the price reacts over the weekend .
Sharing. Sometimes, we miss something, but the other side gifts us something. When it comes to combining, it's becomes perfect.
Look right, we'll see the signs
  • #66,614
  • Feb 28, 2025 12:59pm Feb 28, 2025 12:59pm
I think Trump saying „ You‘re hambling with WW3“ could lead to very much uncertainty and therefore benefit Gomd very much. Gold also took very much Liquidity this week and i think has enough fuel now to skyrocket back on track up.
  • #66,615
  • Feb 28, 2025 12:59pm Feb 28, 2025 12:59pm
Quoting azhantahir
{quote} Sharing. Sometimes, we miss something, but the other side gifts us something. When it comes to combining, it's becomes perfect.
That's I really nice saying, I will definitely remember that. In Danish we say "den ene hånd vasker den anden" - the one hand washes the other hand, and the other way around
MY SITTING, NEVER MY THINKING!
  • #66,616
  • Feb 28, 2025 1:03pm Feb 28, 2025 1:03pm
Quoting Mattisanti
I think Trump saying „ You‘re hambling with WW3“ could lead to very much uncertainty and therefore benefit Gomd very much. Gold also took very much Liquidity this week and i think has enough fuel now to skyrocket back on track up.
Gold is now at a discount price, ath has been filled with less uncertainty in the world than we have right now. - I would not be surprised if gold is going to rise in value over the weekend and from next week .
MY SITTING, NEVER MY THINKING!
  • #66,617
  • Feb 28, 2025 2:24pm Feb 28, 2025 2:24pm
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  • #66,618
  • Feb 28, 2025 2:28pm Feb 28, 2025 2:28pm
Hello Guys,
as promised first Video is Live,
and thank you in advance for subscribing.
Inserted Video
Don't compare your Trades with Others
  • #66,619
  • Feb 28, 2025 2:51pm Feb 28, 2025 2:51pm
I believe we have some nice momentum to try and touch the 2825-20 zone to take out some of that nice liquidity (at least 50% of that candlestick in the pink zone) and since 2808-14 is a nice support zone as well. It broke 2 support zones from my indicator and I think gold might just bounce off after that, especially after the Trump news. Any feedback is appreciated.
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"Be water, my friend"
  • #66,620
  • Feb 28, 2025 3:05pm Feb 28, 2025 3:05pm
Quoting RedCable
{quote} As things progress, the day might end at around 2852-54, or if it reveres from the 2842 level then probably make new low
2854 level hit, last H1 before closing, may send it higher
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