As a newbie do you think there will be an ABC correction happening soon ?
- #1,423
- Sep 8, 2025 2:54am Sep 8, 2025 2:54am
- Joined Feb 2023 | Status: Trader | 1,102 Posts
{quote} see i am not using any other indicator because ONLY TREND indicator will work in gold
I'm noticed. Actually BB 20 also has SMA20 in it.
- #1,425
- Sep 8, 2025 3:12am Sep 8, 2025 3:12am
- Joined Jun 2013 | Status: enjoying life | 23,861 Posts
{quote}
it will tell you exactly when consolidation ends
- #1,426
- Sep 8, 2025 3:23am Sep 8, 2025 3:23am
{image} Entry long 3592 / 90 and it could be tp around 3606 / 08. Place your SL at 3588 ( do not move your SL ).
As we expected price will go 3608. At this moment we just wait back for re-entry long. In case the price go back to 3604 / 02 we will see how the price react, reject or move back to 3597 / 96. Good luck guys
- #1,427
- Sep 8, 2025 3:26am Sep 8, 2025 3:26am
- Joined Feb 2023 | Status: Trader | 1,102 Posts
{quote} Gold is heavily dependent on FED rate if it rises gold falls if there is a rate cut, we go up
Rate cuts = sign of economic weakness.
Combined with global instability, tariffs, lower GDP, rising borrowing costs and falling oil prices, the GOLD compass is pointing north.
