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Elliottway replied Dec 12, 2024The last two days were spent learning and preparing. Now, I’m ready to put a solid strategy in place to make profits. Right now, gold seems likely to keep rising, possibly reaching above 2750. I know that using stop loss is crucial to protect my ...
Gold
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Elliottway replied Dec 12, 2024A buy setup looks favorable around the 2670-75 level. If the price breaks below this level, selling becomes the only option, and it’s important to identify the next resistance after the break. For the buy setup, a stop loss should be placed to ...
Gold
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Elliottway replied Dec 11, 2024I've been struggling to find proper answers and evidence for the issue I’m facing, particularly with untested levels due to higher time frames. I can usually manage to achieve a 50% to 60% increase by breaking key levels, but it often feels more ...
Gold
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Elliottway replied Dec 11, 2024The daily chart may not show an uptrend, the monthly chart reveals strong bullish potential. Every support level plays a critical role in confirming the broader trend, with the 2549 support being especially significant. At present, the market is ...
Gold
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Elliottway replied Dec 11, 2024The support level at 2703 has been identified, triggering the start of an uptrend. As a result, buy signals have been activated, and the price is expected to move towards the upcoming targets.
Gold
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Elliottway replied Dec 11, 2024You're approaching the market with a healthy level of curiosity and an open mind, which is great! Focusing on support and resistance levels, while keeping an eye on both news and momentum, is a solid strategy. It's important to stay engaged and ...
Gold
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Elliottway replied Dec 11, 2024The situation was quite different before. The price tends to follow the trend if it finds proper support. Everyone has their own understanding of the market based on their experiences, and they believe their approach is the best. There’s no way to ...
Gold
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Elliottway replied Dec 11, 2024I know where the reversal will occur. However, I appreciate your caution and the alert to be mindful. Thank you.
Gold
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Elliottway replied Dec 11, 2024The market is currently at 2721, and it is expected to find support around 2703. A buy position will be entered at that level to capture the trend, according to the 5-minute chart.
Gold
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Elliottway replied Dec 11, 2024The plan was set for 2705, but the crowd on the south side was too dense. The big player silently increased the volume on the buy side to push the market higher. During the CPI release, the market should have moved south, but there was also a ...
Gold
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Elliottway replied Dec 11, 2024I understand the structure of the strategy. If there is any drop, I will join the buy side. I am confident in knowing when the 2666 level will become true, signaling the right moment to buy more.
Gold
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Elliottway replied Dec 11, 2024The next buying opportunity is around the 2700-2705 level. If the price breaks below this level, it could quickly move towards 2666. It's important to manage your risk appropriately in this scenario. Please validate and share your opinion.
Gold
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Elliottway replied Dec 11, 2024You're right. However, there have been times when I forgot about the money. As you mentioned, a 1% daily gain makes sense, but what really drives me is the addiction to learning. The more I learn, the more it tempts me to dive deeper. I don't want ...
Gold
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Elliottway replied Dec 11, 2024I don't trade against the trend, and when support is missed and becomes untested, I take it seriously and check higher timeframes for confirmation. My goal is to catch the top, but until then, I know that price can fall quickly at any moment. Over ...
Gold
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Elliottway replied Dec 11, 2024I'm not sure, but I’m just checking if anyone is expecting a daily close below 2695.
Gold
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Elliottway replied Dec 11, 2024You're absolutely right, while we're at a daily gap, we must remain cautious. The bulls are showing strong momentum, and after two consecutive bullish days, there's typically a 60-70% probability of the next day being bullish as well. It's a ...
Gold
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Elliottway replied Dec 11, 2024OK let's move up little more. Confirmation plays a crucial role right now, and it's important to stay focused. I'll adjust my strategy and lock in the sell at the right time to maximize gains. By remaining vigilant and waiting for the optimal ...
Gold