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  • #27,581
  • Mar 4, 2024 3:39pm Mar 4, 2024 3:39pm
Quoting genadi
{quote} Position is low, drawdown now is small, but if price shoots way up to 3000, then it will be game over for me. I dont know what to expect. I remember crypto in 2017 and 2021, when the all time high was taken and price moved to few times higher highs then previous. What can we expect here?
I dont think we can compare the behaviour of gold to anything else, the record hight of gold is around 2140 and nobody can think that it can go beyond that value
all we can do now is pray
  • #27,582
  • Mar 4, 2024 3:42pm Mar 4, 2024 3:42pm
Quoting Zaatar
{quote} I dont think we can compare the behaviour of gold to anything else, the record hight of gold is around 2140 and nobody can think that it can go beyond that value all we can do now is pray
Well, I hope that your loss is lower than your yearly income.
Lets hope it wont be a black swan.
  • #27,583
  • Mar 4, 2024 4:06pm Mar 4, 2024 4:06pm
Quoting genadi
{quote} It feels like a cold shower. I had pending sell at 2071 and I was not expecting that this order will get triggered so quickly. And yet it happened on Friday, and price pierced to all zones right to the sky. And today also up to the sky. Without any halt or retracement. This is all time highs, i dont know what to expect. Can we assume that Gold is different than crypto currencies (BTC,ETH,XRP) and there wont be jump to 4 000?
Gold is different than crypto, but dont ever underestimate the ability for any instrument to move extreme amounts. (IE Unpegging of CHF back in 2015 or something) Where is your stop loss?

Quoting Zaatar
{quote} I dont think we can compare the behaviour of gold to anything else, the record hight of gold is around 2140 and nobody can think that it can go beyond that value all we can do now is pray
It most certainly can and will in time.
TechKnow
  • #27,584
  • Mar 4, 2024 4:19pm Mar 4, 2024 4:19pm
Quoting Techknow
{quote} Gold is different than crypto, but dont ever underestimate the ability for any instrument to move extreme amounts. (IE Unpegging of CHF back in 2015 or something) Where is your stop loss? {quote} It most certainly can and will in time.
It can make new high tomorrow.

Yet, I wonder, how price will act if historical high is taken. No one will have data, so technical analysis (maybe except fibo extentions) will stop working? How and who will trade?
Is it sentiment? Fundamentals? How?
  • #27,585
  • Mar 4, 2024 4:48pm Mar 4, 2024 4:48pm
It's not gonna stop before 2500. Keep buying Traders
  • #27,586
  • Mar 4, 2024 5:09pm Mar 4, 2024 5:09pm
Quoting aahmad29
Updated weekly and monthly fibo volatility levels {image} {image}
Price has hit final weekly target 2118.54 . I am agree with NextElliot that pullback/retracement will start now.
Love for all; Hatred for none.
  • #27,587
  • Mar 4, 2024 5:21pm Mar 4, 2024 5:21pm
Quoting aahmad29
{quote} Price has hit final weekly target 2118.54 . I am agree with NextElliot that pullback/retracement will start now.
LOL why would you think this was the weekly target? I am not saying that the price won't correct from this price but the first target is at least 2148.
  • #27,588
  • Mar 4, 2024 5:23pm Mar 4, 2024 5:23pm
Today I closed my order a bit early. 20 lots
Attached Image (click to enlarge)
Click to Enlarge Name: gold.png Size: 4 KB
vankiepsauff@gmail
  • #27,589
  • Edited 6:56pm Mar 4, 2024 6:01pm | Edited 6:56pm
Quoting Zaatar
It seems 2119 is strong resistance, maybe wait a little bit?

Just wait nfp. Believe me 2119 is not even strong 2150 aint strong also. That gap needs to close.
Trading is very lonely
  • #27,590
  • Mar 4, 2024 6:18pm Mar 4, 2024 6:18pm
Till 8th March 2024 Gold will remain bearish..
I'm not always right.. I'm not always wrong neither
  • #27,591
  • Mar 4, 2024 6:21pm Mar 4, 2024 6:21pm
Quoting NextElliott
Till 8th March 2024 Gold will remain bearish..
Bearish,, it will go down?
  • #27,592
  • Mar 4, 2024 6:22pm Mar 4, 2024 6:22pm
Quoting ordosgoitia
{quote} Bearish,, it will go down?
Till 8th March 2024 .. Yes.. But take a good care of your money management..
I'm not always right.. I'm not always wrong neither
  • #27,593
  • Edited 8:38pm Mar 4, 2024 7:03pm | Edited 8:38pm
Quoting NextElliott
{quote} Update from 15th February 2024 to 4th March 2024 till today.. {image} {image} {image}
4th March 2024, D1 candle closed @ 2114.480, & I had marked 2114 as one of my resistance for gold..
Attached Image (click to enlarge)
Click to Enlarge Name: GOLD- 1ST March 2024.png Size: 28 KB
Attached Image (click to enlarge)
Click to Enlarge Name: GOLD- 4TH MARCH 2024- 2nd.png Size: 32 KB
Attached Image (click to enlarge)
Click to Enlarge Name: GOLD- 4TH MARCH 2024.png Size: 33 KB
I'm not always right.. I'm not always wrong neither
  • #27,594
  • Mar 4, 2024 7:40pm Mar 4, 2024 7:40pm
Quoting luckytujuh
There are supporter who are following ur dates of analysis. Stick to it man. You move the market by giving them dates {image} {image}
As you said and if this is the case then, I have to give Thanks to my supporters
I'm not always right.. I'm not always wrong neither
  • #27,595
  • Edited 9:21pm Mar 4, 2024 8:58pm | Edited 9:21pm
Gold Required retracement so possible area for that seems only 2083-2088 because only that area remain untested. After that relax Bulls attack can start again to target 2149 as per my chart. I may be wrong so trade safe

Liquidity sweep zone 2113-2119. Bears already captured and now bulls turn. After that the downward move can start possibly.
  • #27,596
  • Mar 4, 2024 9:34pm Mar 4, 2024 9:34pm
Quoting genadi
{quote} It can make new high tomorrow. Yet, I wonder, how price will act if historical high is taken. No one will have data, so technical analysis (maybe except fibo extentions) will stop working? How and who will trade? Is it sentiment? Fundamentals? How?
This historical high has been taken out several times since Ive been trading. The technical aspects of the situation do not just disappear because of a new high. There is data every single time its been taken out. Another new time will be the same. I do not believe that is the correct mindset to think about while trading an instrument. Also you never told me where your stop loss was.
TechKnow
  • #27,597
  • Mar 4, 2024 9:35pm Mar 4, 2024 9:35pm
Whatever will happen before 8th march 2024, all will be consider as "BULL TRAP" ...
I'm not always right.. I'm not always wrong neither
  • #27,598
  • Mar 4, 2024 10:21pm Mar 4, 2024 10:21pm
Seems like Gold is preparing itself to cross all limits and take out its ATH swiftly.
After a good jump of almost 100 $ in 3 days, it is grabbing liquidity at 2113-2119 level and preparing itself for NFP news to shoot up (Friday).

Interesting times...!!
Good or bad, this too shall pass...!!
  • #27,599
  • Mar 4, 2024 10:28pm Mar 4, 2024 10:28pm
Quoting NextElliott
Whatever will happen before 8th march 2024, all will be consider as "BULL TRAP" ...
I trust u, sir =)))
  • #27,600
  • Mar 4, 2024 10:55pm Mar 4, 2024 10:55pm
So 1800 and 1900 are only in dreams from now,is it like that?….Any guess for trend reversals…
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ondiss