Gold

Looking to enter a long position on XAUUSD around 3375, targeting 3395. Given the expected volatility from upcoming news, I'll be using a slightly wider stop loss to allow price action room to play out.

point and figure, mate

is it based on volume?

Try google mate - early years of technical charting

Based on price only, no time

Based only on price. No time axis

existing along with wyckoff stuff since early 20th century. wow. never heard of this.. interesting

I am looking buy setup near 3370. | 3400 above ATH

@elliottway can you please post photo of your analysis.???

Hey folks, just want a quick suggestion from the experienced one's here.

I want to open a new trading account for just long term trades (A position can remain open for months).
I am preferring deposit and withdrawals with crypto method because there are much taxes on cards here. (Even in Skrill we have to deposit with cards)

So the real question is Which broker/site I should prefer? And which base currency should I choose{GBP / EURO / USD}? (Considering everything for the long term)

Your time and suggestion is highly appreciated.

Although, Currently I am registered in ICMarkets. Never tried any other sites ever.

I have been using Axi for years, they are based in Australia, UK, FCA regulated yada yada. Never had any issues with deposits or withdrawals (for both crypto and 'normal money'

Will check that for sure.

Try www.trumptarifffx.com

Can anyone help me in understanding if gold breaks 3394 or not this week

Yes ask him to post his screenshot lol. No use just writing and telling as FF so many shiettalkers

Done for today—no trades.

Hello Guys,
NFP have made great impact on GOLD.
anyways,
if i were you anything close to 3400 i will NOT BUY
infact 3380 even doesnt look bad to sell.
3400 will not be a bad idea to sell wait for day or 2 to get 3340 maybe lower.
but i entered a small lot 3380 target 3350.
will wait for the next high it GOLD went above 3400 to enter gain, and target is as always 30-40$ move.
Just a Thought.

i dont post charts because i dont understand them to be honest.
it has been confusing for me for a long long time.
facy charts doesn't make money Movement Does.
15 chart suggests buy 4H says sell. and daily chart for that just to get candles i will have to wait for days
its all too complicated for me,
but yes techincals are great tool to find that sweep spot to enter and exit
for me Fundamentals and now a days sentiment works very well.

anyways just be careful the high in gold might not last for long if t ispiked.
USD is not dead yet,


everyone is talking about tarrif but do you really understand tarrif?
did you guys know that right now how much China is charging tarrif on US goods?
or Canada? or maxico?
looking at tarrif wise,
most people dont know that Europe only counts for 5% of the US GDP
so it is not a big deal trust me,
but if we talk about CHina that is 35%, that is a huge number,

Canada, maxico, and china is the only one which matters, if you look at the big picture,
and right now china is charging almost 60% on US good, the tarrif.
so it is not a bad deal if they pay 30%
my point was talking about terrif and how it will impact currencies specially GOLD,
you first must understand how it works,
and how much US is paying in Tarrifs and how much it is charging?
once you look at the numbers you will realize that, its not even close,
but what matters is how much good are exported and how much are getting imported.
then you will understand how it will eggect the GDP
because GDP that matters for any country.

bloody central banks they say that infation is 2% but in reality from covid till 2025 it rose alsmost 35%
those numbers you see on your calenders are not even close, because soo many things gets excluded,
crisis, Chaos, panic, it is all by design,
they make billions while market panic.
i learned that from 2008 crisis,
hell from 2008 till 2015 there were 5 times more billionaires then it was before,
Middle Class is just a Mindset.
some people get paid 20-30K a month even 50K a month are not actually rich, The Wealthy or Wealth is Something else.
because its human nature same goes with in trading also,


you are too happy got some extra cash, Bonus what ever, you spend that money,
in trading one trade gone beyong your expectations now the aderaline is pumping and you are happy,
you start looking for another trade immediately nad after an hour or 2 you will have another trade open,
same goes with opposite side, you lost in a trade, Now Fight or Fligh mode Kicked in, you start looking at other pairs other charts because you wanted to trade and recover that loss,
so you will find a trade no matter what the hell is going in the market there is more then 35 pairs i usually trade in 13 pairs, but you will find a trade a chart a reason to trade,
that is what most retail traders dont realize,
trust me i lost most times then i can even count when i was new i was always trying to beat the market,
as like most retail traders do,
but i was lucky ot be honest i was good at Fundamentals,
and someone saw that, i started working as an Analyst for Investment Company,
that is where i saw the real traders, they trade only 1 trade a day some times no trade,
i learned a lot by watching their trading strategy,
no one i mean no one can be irght all the time, that is fact,
so some Trades wil go bad,
but what i saw and saw and adopted was when i take a loss in a trade i close my laptop go out and come back next day,
because it is impossbiel to trade with out emotions, wiht out emotions we will not even be humans,
robots dont have emotiosn humans does no matter what you do, the pain of loss, even small loss, the high of win, those things will always be there,
all you can do is learn to channel those urges,
when i make profit or loss doesnt matter which. i am done for the day.

because i know if stay in the market i will get emotional and maybe i will trade and maybe that tradewill not be logical but emotional like the rest of 90%
traders.
no offense guys,
trust me some day maybe after a year or 2 or even 5 years
people will read this and will realize or may wish htey coud have read that few years ago.
.
its fine my be its your life brun your money if you want gamble it or do waht ever you want.
it will not effect my life,
if it was not for my mentor who found something in me i didnt even knew i had,
i would have left this market years ago like millions who came lost and gone,
and every day new traders are coming in,
i just hate the Idea why we loose and they win every single time no matter waht,
at the end of the year they are in profit.
look at any hedge fund top 20 or top 100 investment companies institutions search if you can.
in the end they always win,
because they understood the game,
and its not about being smart trust me if that was the reason all of those have PHD's and economist will be trading not even 1% trade,
they just get paid to post their analysis not actually trading.
those who do, first learn how this market works, understand why currencies move the way they do,
because every single currency or pair as you call them in forex, is unique,
so many things,
anyways wish you guys all the best.

soon there will be weekly analysis and i will do my best to stream live.

Life is a Story and you are the one writing the ending waht you do today, the decisions you make, will be the your future,
i am not here to make millions or billions, this is not a quick get rich scheme if there ever was one, most people will be rich already,
the wealth gap is increasing every day,
the currency you hold is loosing its purchaing power.

most people start their youtube channel to create income,
do you even know how much you get paid for 1K views, its much more less then you think, and platform like youtube where around 200 hours of video gets uploaded every hour,
and millions of channels the chances of making it a reliable income stream is not even 5%,
some get lucky, some work hard for years,
and the end is 4-5k a month maybe 10K thats it,
and you have to put in a lot of hard work,
writing then eidting then audio etc.
those are the facts,
i made my first channel in 2010 imagine that for a sec.
never worked on it because i ws busy learning this market.
i will be trading with more then HALF a Million Dollar LIVE ACCOUNT,
and you will see there if i am making 2k-even 7k a day sometimes,
do i really need youtube million views to get 2-3K???
many people actually aked my why you started now,
honestly i am old and getting older by the day,
so i thought its my time to give back the knowledge i gained from more then 15 years in this market.
i dont do anything to be honest, i just write like i am doing here,
i didnt even had to hire people,
when you are making money for someone they will do many things for you for free trust me,
that might sound harsh but its true.
i have traders copying my trades for free,
so they make money. many of them are free lancers speically from asian countries,
so i got a team in place, and started,
lets hope my effort will not go in vein, just want traders to understand and learn how to trade like a real trader not like gambler.
and i am muslim so the blessigns i am getting and will get is enough,
money is not every thing trust me
because we Mature with damage not with Years.

Anyone else?

@Erebus @BeeTogether @Babayaga