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  • #29,821
  • Edited 5:17pm Mar 28, 2024 5:05pm | Edited 5:17pm
Quoting Eren10
{quote} Is there no everyday expirations ?
These are the main considered by Hedge Funds & BB's
Never neglect the importance of such expirations, especially in times of FED uncertainties

Daily / Weekly expirations are minors sub-created for gamblers/retailers
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  • #29,822
  • Mar 28, 2024 5:20pm Mar 28, 2024 5:20pm
Quoting falconwest
I have never seen such a spike couple of minutes before market close, this must be manipulation of Gold price before long weekend holiday as there will be no trading tomorrow.
There're NO manipulations !
See Futures settlement times and you'll understand !
Prices are formed by supply and demand, and peaks can occur with large quantities such as the conclusion of forward contracts
  • #29,823
  • Mar 28, 2024 5:35pm Mar 28, 2024 5:35pm
Quoting H.z
{quote} and what’s your expectations for the opening next Monday?

Friday have still important news and Powell will speak. So anything can happen. Big money will do what they want to do. However buying lows looks better.
  • #29,824
  • Mar 28, 2024 5:50pm Mar 28, 2024 5:50pm
Quoting luckytujuh
{quote} Remember i told u just now. It will retest 2201/2206/2211. 2215 is risky. Once it breaks 2211. It will retest ath. But it might reject at ath and then drop or break usually. When it break ath. A possible buy stop is possible at 2224 with a tp of 50 pips. Not to be greedy. But whenever price break any liquidity. It will usually pop 50 pips or more
ATH touch again. It should pop, it popped. But daily closure above Ath. Dangerous until further notice
Trading is very lonely
  • #29,825
  • Mar 28, 2024 6:04pm Mar 28, 2024 6:04pm
Hi what time market will open for gold Friday please let me know thanks
  • #29,826
  • Mar 28, 2024 6:19pm Mar 28, 2024 6:19pm
Quoting Eren10
{quote} Friday have still important news and Powell will speak. So anything can happen. Big money will do what they want to do. However buying lows looks better.
Market is closed for tomorrow, nobody could predict the effect of Powell’s speech on the Gold’s price. I’m still looking for an explanation to this spike at the last minutes? No fundamental news support this spike
  • #29,827
  • Mar 28, 2024 6:24pm Mar 28, 2024 6:24pm
Quoting H.z
{quote} Market is closed for tomorrow, nobody could predict the effect of Powell’s speech on the Gold’s price. I’m still looking for an explanation to this spike at the last minutes? No fundamental news support this spike
there was only a single wick, which closes a gap last week. it should and it has to break ath. its how technical works. banks will definitely close up the gap and try to get premium discount price. but looking at how daily close, weekly closure and new monthly closure on all time high. its a dangerous situation.

few alternative that might happen. banks and instituion might pump and dump on the new monthly closure. it might spike a newer all time high, will explain later why. or price might just instantly start dropping to do the correction.
as per what i said, there is a gap at 2090.
pattern remained the same. break lows to tap high. break highs to tap low.
so this might also happen but before it happen we need to see whether if there is going to be a new monthly wick from all time high to tap lows. or there is no wick.
if there is no wick on open monthly. then price might only retrace to 2090 and retrace back up.
Trading is very lonely
  • #29,828
  • Mar 28, 2024 6:36pm Mar 28, 2024 6:36pm
so after weekly closure, closed exactly on above ath on daily, weekly and monthly. it has already give a cleared ideas of the new gaps created.
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Trading is very lonely
  • #29,829
  • Mar 28, 2024 6:56pm Mar 28, 2024 6:56pm
Quoting H.z
{quote} Market is closed for tomorrow, nobody could predict the effect of Powell’s speech on the Gold’s price. I’m still looking for an explanation to this spike at the last minutes? No fundamental news support this spike

Did not know that the markets will be closed today. Political sentiment in the world is important for gold.
  • #29,830
  • Mar 28, 2024 7:04pm Mar 28, 2024 7:04pm
so being said, after seeing prices close above ath on all tf. but the candles closes almost without a wick and less gap. so this one possible movement that might happen next week pump and dump, and only if this happens, if this kind of candle appear and it closes somewhere around 2220 by next friday. then in 2 weeks time. the sell might be possible.

if it continues to create a bull candle, then wait again. so basically saying there might be NO ENTRIES for one whole week next week. Because u wanna wait for confirmation since it has close above ath again on all big tf. u wanna see confirmations candle with wick closures

answering to those why i draw such candle, its because i have seen price action candles many many time. so if it closes full with no wick/gap or less gap on top or bottom.
its only a clear cut direction. either a new long candle, or a pump and dump.
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Trading is very lonely
  • #29,831
  • Mar 28, 2024 7:05pm Mar 28, 2024 7:05pm
Quoting H.z
{quote} Market is closed for tomorrow, nobody could predict the effect of Powell’s speech on the Gold’s price. I’m still looking for an explanation to this spike at the last minutes? No fundamental news support this spike
Attack of Ukraine might be a fundamental reason may it happens today also.
  • #29,832
  • Mar 28, 2024 7:39pm Mar 28, 2024 7:39pm
TF:4hr
Scaping sell on lower timeframe till a reversal is confirmed
Intraday Friday setup
Personal opinion
Trade safe
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  • #29,833
  • Mar 28, 2024 7:51pm Mar 28, 2024 7:51pm
Quoting John4y
{quote} There're NO manipulations ! See Futures settlement times and you'll understand ! Prices are formed by supply and demand, and peaks can occur with large quantities such as the conclusion of forward contracts
prices are formed by AI robot trading programs who's only purpose is to bet against the real traders in order to rob them of their money!!!! Yes!!!! There is manipulation this whole think is a circus!!!
  • #29,834
  • Mar 28, 2024 8:33pm Mar 28, 2024 8:33pm
Gold is disable on my broker while other currency pairs are active.

Monday gold will be open or close?
MQA Approved FX Trainer -
  • #29,835
  • Mar 28, 2024 9:48pm Mar 28, 2024 9:48pm
Quoting luckytujuh
{quote} there was only a single wick, which closes a gap last week. it should and it has to break ath. its how technical works. banks will definitely close up the gap and try to get premium discount price. but looking at how daily close, weekly closure and new monthly closure on all time high. its a dangerous situation. few alternative that might happen. banks and instituion might pump and dump on the new monthly closure. it might spike a newer all time high, will explain later why. or price might just instantly start dropping to do the correction....
Insights appreciated very much, thank you Lucky, and everyone else who gives constructive views! I love this room, and it is healthy again.

Ps. I hope Zebi is alright I hope everyone has a great Easter weekend, regardless if Gold is being a shining butthole
"Who Dares Wins"
  • #29,836
  • Mar 28, 2024 10:03pm Mar 28, 2024 10:03pm
Gold will hit 3000 per ounces?????
study of behavior and mind,conscious and unconscious
  • #29,837
  • Mar 28, 2024 11:43pm Mar 28, 2024 11:43pm
Quoting sclpzmalay
Gold will hit 3000 per ounces?????
Very likely )
  • #29,838
  • Mar 28, 2024 11:48pm Mar 28, 2024 11:48pm
Cup and Handle
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vankiepsauff@gmail
  • #29,839
  • Mar 29, 2024 12:16am Mar 29, 2024 12:16am
These patterns works only 50 percent times
MQA Approved FX Trainer -
  • #29,840
  • Mar 29, 2024 12:35am Mar 29, 2024 12:35am
Started trading on btcusd. Holding sell for decent target.

Feeling bored. Living with graphs.
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