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  • #28,261
  • Mar 11, 2024 7:02pm Mar 11, 2024 7:02pm
Quoting luckytujuh
Daily closing dangerously.
Daily closed bullish therefore trend for rest of the week = up
  • #28,262
  • Mar 11, 2024 7:15pm Mar 11, 2024 7:15pm
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  • #28,263
  • Mar 11, 2024 8:17pm Mar 11, 2024 8:17pm
Quoting Xauusdscalpr
{quote} Daily closed bullish therefore trend for rest of the week = up
Daily close is indeed bullish but if you look at the bigger picture, it failed to break the previous high nor even test it to confirm. To me, thts a sign of weakened bullish momentum.

I'm expecting a push lower today except if at least a test is made at Friday's high. If a test is made, it will depend on the close then to see how it goes from thereon.
  • #28,264
  • Mar 11, 2024 9:49pm Mar 11, 2024 9:49pm
Quoting parveenverma
{quote} Hello Parthsharma.....Sorry for late reply. I was out for some time.As I said that I am a scalp trader So my quotes are mostly based for same day trading. My main tools of trading are only Fibo and liquidity levels. As I mentioned that as per my 4H chart 2127.75 161.8% level and a lots of liquidity level resides above that and result is in front of all of us. If this level will be broken by any 4H candle then next target as per the fibo become 2191 261.8% and if hold then retrcement up to 2115-18 or 2083-88 level possible. Today I have closed...
Hello all......a lots of liquidity has been gathered in 2175-2189 zone.So wait patiently for liquidity sweep from both levels and then a big move is expected. As per my perspective price need to close above 2098 by at least 4H or daily candle then bulls run up to 2258 is possible. Se carefully watch the chart ......for me if price will sweep liquidity first below 2175 level and then above 2189 level after that a downward movement up to 2058-60 is possible but if price take close above 2198 then bulls can take charge only.I may be wrong so watch you chart carefully and believe your own trading system only. Trade safe
  • #28,265
  • Mar 11, 2024 11:17pm Mar 11, 2024 11:17pm
LOWER TIME FRAME
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  • #28,266
  • Mar 11, 2024 11:18pm Mar 11, 2024 11:18pm
Today cpi news fundamental data
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  • #28,267
  • Mar 12, 2024 12:48am Mar 12, 2024 12:48am
Quoting parveenverma
{quote} Hello all......a lots of liquidity has been gathered in 2175-2189 zone.So wait patiently for liquidity sweep from both levels and then a big move is expected. As per my perspective price need to close above 2098 by at least 4H or daily candle then bulls run up to 2258 is possible. Se carefully watch the chart ......for me if price will sweep liquidity first below 2175 level and then above 2189 level after that a downward movement up to 2058-60 is possible but if price take close above 2198 then bulls can take charge only.I may be wrong so...
Nice scalp today. Sell orders closed and buy limit activated at the level. Let's see how this scalp work up to upper level. Trade safe
  • #28,268
  • Mar 12, 2024 2:22am Mar 12, 2024 2:22am
Quoting Elliottway
{quote} Range between 2188 to 2174. Good to go..
2174 to 2164 easy target now.
Cpi range 2182 to 2156.
SURFER
  • #28,269
  • Mar 12, 2024 2:24am Mar 12, 2024 2:24am
Quoting Elliottway
{quote}2174 to 2164 easy target now. Cpi range 2182 to 2156.
if not. 2169 to 2186 as neutral range..
SURFER
  • #28,270
  • Mar 12, 2024 2:32am Mar 12, 2024 2:32am
Quoting parveenverma
{quote} Nice scalp today. Sell orders closed and buy limit activated at the level. Let's see how this scalp work up to upper level. Trade safe
gold needs a correction (to 2130 propably) but needs big balls to sort it knowing its history of never ending bull runs (also did a small scalp down). but i wouldnt buy atm
offering my system to copy trade. check my link
  • #28,271
  • Mar 12, 2024 2:41am Mar 12, 2024 2:41am
Quoting Czofficial
LOWER TIME FRAME {image}
Is this coming true?? Time will tell...!!
Good or bad, this too shall pass...!!
  • #28,272
  • Mar 12, 2024 2:54am Mar 12, 2024 2:54am
2146 will be super at Cpi but I think that will be 2165 around and up for new high where start correction
People don't plan to lose. They lose because they don't plan.
  • #28,273
  • Mar 12, 2024 2:58am Mar 12, 2024 2:58am
Quoting ScalaFX
2146 will be super at Cpi but I think that will be 2165 around and up for new high where start correction
2230 (?)
I'm not always right.. I'm not always wrong neither
  • #28,274
  • Mar 12, 2024 3:04am Mar 12, 2024 3:04am
Quoting NextElliott
{quote} 2230 (?)
around
People don't plan to lose. They lose because they don't plan.
  • #28,275
  • Mar 12, 2024 3:08am Mar 12, 2024 3:08am
Quoting ScalaFX
{quote} around
"Around"
I'm not always right.. I'm not always wrong neither
  • #28,276
  • Mar 12, 2024 3:50am Mar 12, 2024 3:50am
bulls in now or never for the eu session
chaos is just unknown order
  • #28,277
  • Mar 12, 2024 3:55am Mar 12, 2024 3:55am
A 9-day rally on gold is rare, but it hasn’t always led to a market top
Success is not final, failure is not fatal... - Winston Churchill
  • #28,278
  • Mar 12, 2024 4:32am Mar 12, 2024 4:32am
My Daily Pivots & Range . . . . (in run-up to CPI numbers)
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  • #28,279
  • Mar 12, 2024 5:11am Mar 12, 2024 5:11am
Gold, it's been in overbought territory for quite some time according to the 4-hour RSI, and it seems poised for its next big move. The key resistance levels to watch are at $2,195, then $2,205 and $2,212. These are based on the Fibonacci 138.2% and 161.8% extensions from the $2,168-$2,195 range. On the flip side, if it goes down, support is at $2,149, below $2,168.
| Trading Edge | RR | Psychology | Persistence | Fortune | Prosperity |
  • #28,280
  • Mar 12, 2024 5:14am Mar 12, 2024 5:14am
On the fundamental side, things are also looking up for gold. Fed Chair Jerome Powell has set a pretty achievable condition for rate cuts later this year, just needing to confirm that inflation is decreasing. The upcoming CPI report today, especially the Core CPI MoM figure, is a big deal here. It's expected to rise by 0.3% in February. If it just hits this mark, we could see US 10-year yields fall, which would be good news for gold since it doesn't yield anything.

Gold has finished its consolidation phase and is gearing up for what’s next. With the current bullish trend, just meeting those expectations could spark another rally. However, if US inflation data comes in really high, that could push gold prices down.

This is just my perspective, so please carefully monitor your charts and trust your own trading strategy. Remember, trade safely and at your own risk.
| Trading Edge | RR | Psychology | Persistence | Fortune | Prosperity |
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