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  • #29,021
  • Edited 9:53pm Mar 20, 2024 9:32pm | Edited 9:53pm
Hello all ......Good Morning from India. Here in India was almost midnight while there was FOMC announcement in progress yesterday. So I decide not to take trade and sleep with peace in mind. Recently I opened my laptop and see that the price are crawling in 2205 area. So FOMC changes all the technical analysis but that falling wedge on 4H TF was continue warning me to do only limited trading. So now price has been closed above 2198 became very important and my fibo retracement levels are also confirming it. Now price is struggling very close to 2213 and if it will be broken then next target for gold become 2252-57 area as I mentioned in my previous posts because FOMC pushed back Gold from downward cycle to its upward cycle with a blow. So now I will wait for a signal for buy or sell. I know market always give us the chance everyday basis that's why I prefer scalping than the positional trading in forex trading.Trade Safe

Edit: I recently notice that daily close happened below 2190 so we need to be careful about 2197-98 level again its daily 261.8% level and can active the sellers again because now no liquidity above.
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  • #29,022
  • Mar 20, 2024 10:39pm Mar 20, 2024 10:39pm
Quoting parveenverma
Hello all ......Good Morning from India. Here in India was almost midnight while there was FOMC announcement in progress yesterday. So I decide not to take trade and sleep with peace in mind. Recently I opened my laptop and see that the price are crawling in 2205 area. So FOMC changes all the technical analysis but that falling wedge on 4H TF was continue warning me to do only limited trading. So now price has been closed above 2198 became very important and my fibo retracement levels are also confirming it. Now price is struggling very close to...
Nice Observation Mate. May be a decent pullback from 2193-2195 and then it will push up in NY session.
  • #29,023
  • Mar 20, 2024 11:01pm Mar 20, 2024 11:01pm
Opening the market with small lot ....hope 2210
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study of behavior and mind,conscious and unconscious
  • #29,024
  • Mar 20, 2024 11:38pm Mar 20, 2024 11:38pm
Quoting Raadco
I have 2170 in mind for today, but I think gold next target could be 2220
After 2 weeks, the target was reached
  • #29,025
  • Mar 21, 2024 12:00am Mar 21, 2024 12:00am
Quoting Ravenfeeder
{quote} Same here, but the other question is... Is Powell being hawkish or dovish?
He was very much dovish. No sells for me now. Best things is to just wait.
  • #29,026
  • Mar 21, 2024 12:29am Mar 21, 2024 12:29am
Quoting ForexYogi
Hello Experts, Please suggest: i have one lot gold buy at 2140 i have .5 gold sell @2080 and .5 @ 2075. I have total around 6000 + loss but still i have 2000+ margin. How to safely come out from present situation. Thanks in advance
Very difficult to hedge , even more difficult to explain how to get out of a hedge to someone. If i were you I would hold all positions until gold came all the way down and knocked your gold long out at breakeven and hope by that time it continues its fall to your other positions. That is probably your best chance at getting out of it alive without knowing how to hedge properly.
TechKnow
  • #29,027
  • Mar 21, 2024 12:41am Mar 21, 2024 12:41am
Quoting GoldTrader00
{quote} We r flying up! Catch up the wave C 2222+ Trade Safe
2222/2244.8
Waiting for first target to hit..above that is soooo good..
Added some long overnight, lovely to see all blues..
Any pullback 2195 will hold, so stops below that...

Trade Safe
It's all about timing!!!
  • #29,028
  • Mar 21, 2024 12:45am Mar 21, 2024 12:45am
Quoting azhantahir
Price already mentions something. Trade safe {image}
Price already mentions. Trade safe.
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Look right, we'll see the signs
  • #29,029
  • Edited 1:50am Mar 21, 2024 1:25am | Edited 1:50am
My positions are fully hedged because, as I said, I didn't expect such a strong upward movement.
There is enough margin to react. No position is older 1 day. Positive Swap for short. Distance between long and short positions is moderate. In order to get closer to the shorts again, when time comes, sufficient long positions were built up, which I will sell.

Since I think the market's reaction to the FED is exaggerated, https://www.forexfactory.com/thread/...2#post14802262
I assume that gold will fall again (first step 2167) in the short term (1 day...1 week?).

XAUUSD H1
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wish you all the best
  • #29,030
  • Mar 21, 2024 1:27am Mar 21, 2024 1:27am
2204.28 is middle of daily
2206.94 is DR1/DeMark's.., my indy
2203.34 is WS2/Classic.., my indy
dolce vita
  • #29,031
  • Mar 21, 2024 1:32am Mar 21, 2024 1:32am
...and 2170th is a area of daily PPs.., let's say this way

dolce vita
  • #29,032
  • Mar 21, 2024 1:39am Mar 21, 2024 1:39am
Hello Gold Scalpers.......For me if price close below 2198 then a nice scalp opportunity up to 2184 because price can jump hard from 2184 and if price close above 2213 then next bulls target become 2252-2258 zone.I may be wrong so trade safe

Edit: Again to remind that Price close must be minimum 4H candle close not below it otherwise get ready for the crushed down hard......
  • #29,033
  • Mar 21, 2024 1:40am Mar 21, 2024 1:40am
Quoting parveenverma
Hello Gold Scalpers.......For me if price close below 2198 then a nice scalp opportunity up to 2184 because price can jump hard from 2184 and if price close above 2213 then next bulls target become 2252-2258 zone.I may be wrong so trade safe
I think you are pretty accurate. I would stay long on this thing into the 23xx. Good luck bud
TechKnow
  • #29,034
  • Mar 21, 2024 1:45am Mar 21, 2024 1:45am
Gold Analysis your input is highly appreciated
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  • #29,035
  • Mar 21, 2024 1:46am Mar 21, 2024 1:46am
Quoting abimalik
Gold Analysis your input is highly appreciated {image}
Would love to give you input, tell me what your analysis is saying to you?
TechKnow
  • #29,036
  • Mar 21, 2024 2:04am Mar 21, 2024 2:04am
Quoting Raadco
{quote} After 2 weeks, the target was reached
Well done, man!

I wonder what Zebi is thinking right now... Aren't we supposed to be dropping like a stone by now? The news still has its aftereffect, and it will be interesting to see whether Gold has topped out for the year or not.
"Who Dares Wins"
  • #29,037
  • Mar 21, 2024 2:05am Mar 21, 2024 2:05am
Gold was overbought with the Fed's neutral stance, and now there is less reason to rally again. Major buyers are cautiously monitoring the market and after a limited rally, there is a possibility of a correction to 2186 and then 2146.
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  • #29,038
  • Mar 21, 2024 2:07am Mar 21, 2024 2:07am
Quoting Ravenfeeder
{quote} Well done, man! I wonder what Zebi is thinking right now... Aren't we supposed to be dropping like a stone by now? The news still has its aftereffect, and it will be interesting to see whether Gold has topped out for the year or not.
Gold has not topped out. Gold will move into the 23xx area.
TechKnow
  • #29,039
  • Mar 21, 2024 2:08am Mar 21, 2024 2:08am
Quoting keivan71
Gold was overbought with the Fed's neutral stance, and now there is less reason to rally again. Major buyers are cautiously monitoring the market and after a limited rally, there is a possibility of a correction to 2186 and then 2146.{image}
It's ovaaaar! Buy, buy and buy. Buy Silver also. Take USD, throw it in the toilet and flush the water.
  • #29,040
  • Mar 21, 2024 2:13am Mar 21, 2024 2:13am
Hello gold trader
any idea about to today gold news market dump or pump kindly share your analysis
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