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  • #30,621
  • Apr 9, 2024 4:52pm Apr 9, 2024 4:52pm
gold - 15min
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  • #30,622
  • Apr 9, 2024 7:29pm Apr 9, 2024 7:29pm
Quoting Jonas4
{quote} I got the price I wanted, now will hold the sells from 2362 into CPI. Daily RSI is at 84, highest since pandemic, and above 65 for the longest period in history of Gold (40 days). A correction with CPI will make sense just to reset RSI. Dow and S&P are also overbought on weekly. If there's a moment to correct the indicators, it might be tomorrow.
Has the weekly rsi touch 90-100 for those chart u looked
Trading is very lonely
  • #30,623
  • Edited 10:14pm Apr 9, 2024 9:55pm | Edited 10:14pm
Quoting luckytujuh
Has the weekly rsi touch 90-100 for those chart u looked
I think 90 - 100 on weekly is too extreme, the maximum Weekly RSI Gold has hit was 86.15 in 2006, nothing higher. Even Dow only reached 90 one time in history, 2017.

Now Gold is at 79 weekly and monthly 71, could go higher but what gives me confidence is that 41 days above 65 is just too much.
  • #30,624
  • Apr 9, 2024 9:59pm Apr 9, 2024 9:59pm
Quoting Jonas4
I think 90 - 100 on weekly is too extreme, the maximum Weekly RSI Gold has hit was 86.15 in 2006, nothing higher. Even Dow only reached 90 one time in history, 2017. Now Gold is at 79 weekly and monthly 71, could go higher but what gives me confidence is that 41 days above 65 is just too much.
Yeah let see.
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  • #30,625
  • Apr 9, 2024 10:44pm Apr 9, 2024 10:44pm
I don't expect to go down. Weekly on fire bull. I am holding buy for 2385 and 2400.
SURFER
  • #30,626
  • Apr 9, 2024 11:01pm Apr 9, 2024 11:01pm
Quoting Elliottway
I don't expect to go down. Weekly on fire bull. I am holding buy for 2385 and 2400.

I am not so sure that it will go up ... at least today.

But if it does ... we may see 2400, 2380 for sure ...

Markets calmed down, there is no reason for the gold not to have some small correction to get some sellers in.
  • #30,627
  • Apr 10, 2024 12:21am Apr 10, 2024 12:21am
Check pa, bull at top, waiting 2360 plus move possible before if any correction. Take care
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #30,628
  • Apr 10, 2024 2:06am Apr 10, 2024 2:06am
Today's Support & Resistance on MT5 Templates

EURO
CABLE
GOLD

Live Chart for EURO on Trading View : https://www.tradingview.com/chart/akH19AXw/
FX is a Bitc*h!, No one keeps me wake all night but FX does!!
  • #30,629
  • Apr 10, 2024 2:53am Apr 10, 2024 2:53am
My Daily Pivots & Range . . . . . (run-up to CPI numbers & FOMC minutes)
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  • #30,630
  • Apr 10, 2024 3:07am Apr 10, 2024 3:07am
Asking for advice,

I've hedged my sales with buys at 2342. I don't want my hedged positions to go any higher, so if they get close to that point, I'll close and reopen them depending on whether the price goes up or down.

My questions is, with the CPI coming later today, should I set a stop-loss on my hedge sell positions or just keep them safe?

Thx
  • #30,631
  • Apr 10, 2024 3:42am Apr 10, 2024 3:42am
In GOLD June 2024 there is this Bullish Wedge. I have been watching since it was broken, it was meant to be a weak one but it is going steady Bottom target 2400 Top 2525. Though it looks over bought bottom target can be archived this week, for any further high it needs to come down a bit for Technicals to turn before going back up?
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FX is a Bitc*h!, No one keeps me wake all night but FX does!!
  • #30,632
  • Apr 10, 2024 4:02am Apr 10, 2024 4:02am
Quoting John4y
My Daily Pivots & Range . . . . . (run-up to CPI numbers & FOMC minutes){image}
Hello John thanks for sharing, this kind of posts is helpful.
The only question is
How will you decide about stoploss?
Insta
  • #30,633
  • Apr 10, 2024 4:22am Apr 10, 2024 4:22am
Quoting Avir
In GOLD June 2024 there is this Bullish Wedge. I have been watching since it was broken, it was meant to be a weak one but it is going steady Bottom target 2400 Top 2525. Though it looks over bought bottom target can be archived this week, for any further high it needs to come down a bit for Technicals to turn before going back up? {image}

I have 2595, but whatever ...
  • #30,634
  • Apr 10, 2024 4:39am Apr 10, 2024 4:39am
Quoting NrSLionHeart
{quote} I have 2595, but whatever ...
“Spot Gold Monthly Chart: A Wild Ride Ahead?”

Spot Gold Monthly Chart Analysis
As we navigate the intricate landscape of geopolitical uncertainties, there’s a tantalizing possibility that Spot Gold could embark on a rollercoaster journey. Let’s break it down:

  1. Geo-Political Goakmaire: The enigmatic forces at play—whether they be economic policies, global tensions, or market sentiment—have set the stage.
  2. 2400: The Bear Ambush Zone: At the 2400 level, a formidable gang of bears seems poised for an ambush. Their growls echo through the charts, warning us of a potential retreat.
  3. 2100: The Battlefront: Should the bears prevail, a skirmish awaits at 2100. Here, the bulls will dig in their hooves, defending their territory.
  4. 2500+: The Elusive Summit: Beyond the battleground, the ascent toward 2500+ beckons. It’s the mystical peak where fortunes may shift, and the chart dances to its own rhythm.

In summary, this Spot Gold monthly chart is a wild symphony of market forces, and we’re all holding our breath for the next movement. Buckle up, traders—it’s going to be a thrilling ride!

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FX is a Bitc*h!, No one keeps me wake all night but FX does!!
  • #30,635
  • Apr 10, 2024 4:47am Apr 10, 2024 4:47am
Quoting Avir
{quote} “Spot Gold Monthly Chart: A Wild Ride Ahead?” Spot Gold Monthly Chart Analysis As we navigate the intricate landscape of geopolitical uncertainties, there’s a tantalizing possibility that Spot Gold could embark on a rollercoaster journey. Let’s break it down: Geo-Political Goakmaire: The enigmatic forces at play—whether they be economic policies, global tensions, or market sentiment—have set the stage. 2400: The Bear Ambush Zone: At the 2400 level, a formidable gang of bears seems poised for an ambush....
I must not lie

I am not a good writer like this,,, following was my draft for reply, then i asked AI/Bing to word it nicely and it gave me the version above,,

The future belong to AI

""
It might possibly get there given the geo political goakmaire but i thing 2400 will have gang of bears waiting to attack to go back to 2100 before going towards 2500+
This Spot gold monthly chart is crazy""
FX is a Bitc*h!, No one keeps me wake all night but FX does!!
  • #30,636
  • Apr 10, 2024 5:04am Apr 10, 2024 5:04am
what I hear is option players have taken deep out of the money puts for todays event. either these options turn worthless or they win big. that's always the case with options. if data is in line I expect 2380. if data is bad( lower inflation) 40 dollars upside and if good(meaning 0.5%-0.6%) 60 dollars downside
  • #30,637
  • Apr 10, 2024 5:11am Apr 10, 2024 5:11am
Quoting Avir
{quote} I must not lie I am not a good writer like this,,, following was my draft for reply, then i asked AI/Bing to word it nicely and it gave me the version above,, The future belong to AI "" It might possibly get there given the geo political goakmaire but i thing 2400 will have gang of bears waiting to attack to go back to 2100 before going towards 2500+ This Spot gold monthly chart is crazy""
AI is the best
Insta
  • #30,638
  • Apr 10, 2024 5:18am Apr 10, 2024 5:18am
There was some news related to Iran - Israel. Still the lows could be bought today due to this issue.
  • #30,639
  • Apr 10, 2024 5:31am Apr 10, 2024 5:31am
Quoting Eren10
There was some news related to Iran - Israel. Still the lows could be bought today due to this issue.
please send us the link to this news please? tnx
FX is a Bitc*h!, No one keeps me wake all night but FX does!!
  • #30,640
  • Apr 10, 2024 5:41am Apr 10, 2024 5:41am
Quoting Avir
{quote} please send us the link to this news please? tnx
https://donya-e-eqtesad.com/%D8%A8%D...AF%D8%A7%D8%AF
Insta
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