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No attacks just gold trades/analysis

  • #4,081
  • Jun 17, 1:08pm (3 hr ago) Jun 17, 1:08pm (3 hr ago)
Good call closing it rather than letting that SL get tested. With the statement just out, gold is usually less about the headline rate (a hold was almost fully priced in) and more about where real yields and the dollar go from here, plus how the dots read versus expectations and how the Chair sounds at the 2:30 presser. That repricing is a big part of why you get those crazy intraday whipsaws right around the release, the level can swing hard even when the rate itself doesn't change. No edge on direction here myself, just sizing down and giving it room until the dust settles after the presser.
  • #4,082
  • Jun 17, 1:09pm (3 hr ago) Jun 17, 1:09pm (3 hr ago)
Quoting canyouu
{quote} Sl should be at 4365 but if 4370 is not big for you then that is the best sl, let see how it goes {image} Sl should be at 4365 but if 4370 is not big for you then that is the best sl, let see how it goes


i guess I wasn't wrong with the morning buy and afternoon sell either, market wanted to just surprise everyone with clearing of liquidity up and down
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i guess I wasn't wrong with the morning buy and afternoon sell either, market wanted to just surprise everyone with clearing of liquidity up and down
  • #4,083
  • Jun 17, 1:18pm (3 hr ago) Jun 17, 1:18pm (3 hr ago)
Quoting AthenumAnaly
Good call closing it rather than letting that SL get tested. With the statement just out, gold is usually less about the headline rate (a hold was almost fully priced in) and more about where real yields and the dollar go from here, plus how the dots read versus expectations and how the Chair sounds at the 2:30 presser. That repricing is a big part of why you get those crazy intraday whipsaws right around the release, the level can swing hard even when the rate itself doesn't change. No edge on direction here myself, just sizing down and giving...

Dot plot shows they are likely to cut one this year than a hike but rather hike one next year and cut more from 2028 onward so this looks good for gold the next 2-3 years
  • #4,084
  • Jun 17, 1:32pm (3 hr ago) Jun 17, 1:32pm (3 hr ago)
Quoting canyouu
{quote} i guess I wasn't wrong with the morning buy and afternoon sell either, market wanted to just surprise everyone with clearing of liquidity up and down {image} i guess I wasn't wrong with the morning buy and afternoon sell either, market wanted to just surprise everyone with clearing of liquidity up and down
Hello Canyouu,

I followed your trading ideas today, and they all worked out very well. You saw the market perfectly.

Thank you for sharing your analysis.

Where do you see the next potential entry points? Are you currently looking for buys or sells?
Thanks again and good luck with your trading!
  • #4,085
  • Jun 17, 1:53pm (3 hr ago) Jun 17, 1:53pm (3 hr ago)
Hit my Stoploss at 4380 and my TP was 4280….. Wow
  • #4,086
  • Jun 17, 2:03pm (2 hr 58 min ago) Jun 17, 2:03pm (2 hr 58 min ago)
Quoting GregDavis
Hit my Stoploss at 4380 and my TP was 4280….. Wow
Same as me bro, i was holding a sell and took the L before FOMC
  • #4,087
  • Jun 17, 2:21pm (2 hr 40 min ago) Jun 17, 2:21pm (2 hr 40 min ago)
Quoting canyouu
{quote} i don't trade based on just gaps but i study candles reaction like where they close at a particular time
FOMC filling thr gap I was talking about. Was able to enter on the retracement
  • #4,088
  • Jun 17, 2:38pm (2 hr 23 min ago) Jun 17, 2:38pm (2 hr 23 min ago)
Thinking to long from 4217-4220, thoughts ?
  • #4,089
  • Jun 17, 2:43pm (2 hr 18 min ago) Jun 17, 2:43pm (2 hr 18 min ago)
Quoting Amrb77
Thinking to long from 4217-4220, thoughts ?
we may see 4200 first
  • #4,090
  • Jun 17, 2:44pm (2 hr 17 min ago) Jun 17, 2:44pm (2 hr 17 min ago)
Quoting cameron777
{quote} we may see 4200 first
okay, will sit it out till then. Prolly wait out till aisa session gets in
  • #4,091
  • Last Post: Jun 17, 2:48pm (2 hr 13 min ago) Jun 17, 2:48pm (2 hr 13 min ago)
Quoting cameron777
{quote} Same as me bro, i was holding a sell and took the L before FOMC
Did you sell again? I used big lots and sold on the retracement around 4320, then closed the trade at 4240.
I had been holding my sell position for the past two days, but today's move up to 4370 made me uncomfortable. Because of that, I placed my stop-loss at 4380, but the market had other plans and took me out.
Anyway, re-entering the sell trade saved me and made holding that position for two days worthwhile, even though my original trade was stopped out.
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