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Make More Money - Eliminate DRAMA 11 replies

Just posting my trades, everyone is welcome but no drama 2 replies

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Gold with No Drama

  • #66,441
  • Jul 23, 12:31pm (3 hr ago) Jul 23, 12:31pm (3 hr ago)
Quoting Alorente
{quote} Look friend... I have been drawing trendlines for more than 50 years... much before computers existed. The origin of the trendline is always drawn from the extreme of the candle. I do agree that it is more an art than a science. That daily XauUsd trendline was broken yesterday and tested today...
"look friend", if i draw trendlines for around ten years does not mean that i am wrong
you can keep your opinion and draw your TLs as you wish.., i will not argue about it.., you trying to tell me that i am doing it wrong way.., not acceptable..,
and yes, i agree that it's art
btw, i cannot see clearly what you connect on your chart
so, please if you want i have information you offer right, give me readable chart
thank you

dolce vita
  • #66,442
  • Jul 23, 12:31pm (3 hr ago) Jul 23, 12:31pm (3 hr ago)
"Several major Chinese banks—including ICBC, China Construction Bank and Bank of Communications—are closing their retail access to Shanghai Gold Exchange precious-metals contracts after settlement on Friday, July 24, 2026. The affected instruments include leveraged gold contracts such as Au(T+D) and the leveraged silver contract Ag(T+D), as well as several spot gold products"

This could cause some bearish momentum tomorrow as positions must be liquidated.
Be safe.
Matryoschka
  • #66,443
  • Jul 23, 12:32pm (3 hr ago) Jul 23, 12:32pm (3 hr ago)
Hoping to see 4090 as I have a lot riding on it. Struggled to break below 4040 so fingers crossed crossed… if this goes tits up I’ll have to explain to the wife where the savings went sorry hun I tried to change our financial sides of things
  • #66,444
  • Jul 23, 12:33pm (3 hr ago) Jul 23, 12:33pm (3 hr ago)
Quoting SibiSh
{quote} Oh you are also back and really happy to see you here. Welcome back buddy and happy day
Thanks bro, appreciate the welcome.
GoldGod Flip3 Return Today: na
  • #66,445
  • Jul 23, 12:34pm (3 hr ago) Jul 23, 12:34pm (3 hr ago)
it went up to 4054 then back to stuck in a range again.. hope the next h4 makes some move..
  • #66,446
  • Jul 23, 12:39pm (3 hr ago) Jul 23, 12:39pm (3 hr ago)
its either one more final tap of 4040 and we gonna break much lower
  • #66,447
  • Jul 23, 12:39pm (3 hr ago) Jul 23, 12:39pm (3 hr ago)
Quoting Jay1227
Hoping to see 4090 as I have a lot riding on it. Struggled to break below 4040 so fingers crossed crossed… if this goes tits up I’ll have to explain to the wife where the savings went sorry hun I tried to change our financial sides of things
Good luck, Time to swap the Mrs for some camels
  • #66,448
  • Jul 23, 12:42pm (3 hr ago) Jul 23, 12:42pm (3 hr ago)
What you guys think, if we break 4040, where are we going?
  • #66,449
  • Jul 23, 12:42pm (3 hr ago) Jul 23, 12:42pm (3 hr ago)
Quoting Jay1227
Hoping to see 4090 as I have a lot riding on it. Struggled to break below 4040 so fingers crossed crossed… if this goes tits up I’ll have to explain to the wife where the savings went sorry hun I tried to change our financial sides of things
thats risky bro.. haha.. but good luck
  • #66,450
  • Jul 23, 12:44pm (2 hr 59 min ago) Jul 23, 12:44pm (2 hr 59 min ago)
Quoting GoldGod
{quote} Thanks bro, appreciate the welcome.
good to have you back mate
Insane in the Brain..
  • #66,451
  • Jul 23, 12:45pm (2 hr 58 min ago) Jul 23, 12:45pm (2 hr 58 min ago)
I have 4030/31 as an area it could hit, but that would be too extended for the day considering the entire week has been roughly lower than 1% move per day. But gold will always be gold
  • #66,452
  • Jul 23, 12:47pm (2 hr 56 min ago) Jul 23, 12:47pm (2 hr 56 min ago)
gonna make another wick but i think we are gonna break the 40... we still got Asia tho
  • #66,453
  • Jul 23, 12:49pm (2 hr 54 min ago) Jul 23, 12:49pm (2 hr 54 min ago)
Quoting Mitiblotch
I have 4030/31 as an area it could hit, but that would be too extended for the dah co sidering the entire week has been roughly lower than 1% move per day. But gold will always be gold
yeah its quite extended.. we should pull back higher haha.. lets see the next h4 candle
  • #66,454
  • Jul 23, 12:50pm (2 hr 52 min ago) Jul 23, 12:50pm (2 hr 52 min ago)
Considering the W1 and the size of the candle's wick, I think the decline next week will be significant.This is assuming gold does not return to 4112. NEVER SAY NEVER
  • #66,455
  • Jul 23, 12:54pm (2 hr 48 min ago) Jul 23, 12:54pm (2 hr 48 min ago)
Quoting babayaga
{quote} "look friend", if i draw trendlines for around ten years does not mean that i am wrong you can keep your opinion and draw your TLs as you wish.., i will not argue about it.., you trying to tell me that i am doing it wrong way.., not acceptable.., and yes, i agree that it's art btw, i cannot see clearly what you connect on your chart so, please if you want i have information you offer right, give me readable chart thank you
I did not say you are doing anything wrong. I am saying that it is, in part, a subjective matter.
Regarding the subject, I recommend:
Technical Analysis of the Financial Markets by John Murphy. A 40 year old book, but still the Bible in my view.

I changed the background and made the line thinner for you.
Attached Image (click to enlarge)
Click to Enlarge Name: Gold Daily Chart.png Size: 114 KB
Observation is the path to discovery.
  • #66,456
  • Jul 23, 12:59pm (2 hr 44 min ago) Jul 23, 12:59pm (2 hr 44 min ago)
Oil shooting and DXY staying high, but gold seems to be reluctant to drop more
God delays your money to fix your discipline
  • #66,457
  • Jul 23, 1:00pm (2 hr 43 min ago) Jul 23, 1:00pm (2 hr 43 min ago)
Quoting BeeTogether
{quote} good to have you back mate
Appreciate it mate, good to be back.
GoldGod Flip3 Return Today: na
  • #66,458
  • Jul 23, 1:00pm (2 hr 43 min ago) Jul 23, 1:00pm (2 hr 43 min ago)
Quoting Sainbayar
Oil shooting and DXY staying high, but gold seems to be reluctant to drop more
last couple days of bullish movement has increased growth expectations - that's my guess. I still think it could drop more though and dxy is only predictive up to a certain point.
  • #66,459
  • Jul 23, 1:02pm (2 hr 41 min ago) Jul 23, 1:02pm (2 hr 41 min ago)
It is funny watching tbe push-pull happening on the 1min chart. Hahaha...
  • #66,460
  • Jul 23, 1:06pm (2 hr 37 min ago) Jul 23, 1:06pm (2 hr 37 min ago)
Quoting Mitiblotch
It is funny watching tbe push-pull happening on the 1min chart. Hahaha...
i think that its sellers invitation cause its imitating the level 4040 again so sellers invite and then buy its gonna be like this as per my pov IMHO
RM
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