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  • #30,881
  • Apr 12, 2024 6:31am Apr 12, 2024 6:31am
oh and yes i'm short.

as a day trade.
In tea leaves we trust!
  • #30,882
  • Apr 12, 2024 6:38am Apr 12, 2024 6:38am
Quoting Mcbeaners
https://www.rt.com/business/595122-w...ing-gold-east/ something to chew on.
Nice read, thanks.
  • #30,883
  • Apr 12, 2024 6:40am Apr 12, 2024 6:40am
A potential double top on M30 - will have to wait for another 20 minutes to see whether it validates by the break of the neckline (M30 candle close below), would ideally like to see a retest and rejection of the broken neckline before engaging into an intraday short afterwards. Targets on the chart
https://www.mql5.com/en/charts/19202...-markets-group
  • #30,884
  • Apr 12, 2024 6:57am Apr 12, 2024 6:57am
Anyone has an idea for the NYC session now ?
  • #30,885
  • Apr 12, 2024 7:02am Apr 12, 2024 7:02am
i am expecting gold to consolidate in the current area for a while. there will be a high impact news later on, but i dont think it will move much.
I am here to pass time while waiting for my trades to develop.
  • #30,886
  • Apr 12, 2024 7:04am Apr 12, 2024 7:04am
i think it will retrace till point A and then will go up....IMO...do your own analyze also and trade safe
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Be Calm In Every Situation
  • #30,887
  • Apr 12, 2024 7:05am Apr 12, 2024 7:05am
I think 2400 is the top for this week and we might see some correction and then again one more higher high next week
  • #30,888
  • Apr 12, 2024 7:07am Apr 12, 2024 7:07am
Quoting rehmatkhan00
I think 2400 is the top for this week and we might see some correction and then again one more higher high next week
yes there is also possibility of this
let's see what happens
Be Calm In Every Situation
  • #30,889
  • Apr 12, 2024 7:17am Apr 12, 2024 7:17am
initially i'm looking for 2382 ish then 2364.

2364 would release trapped bears imo.

longer term - me thinks 2520 2872 ish as longer term targets.
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In tea leaves we trust!
  • #30,890
  • Apr 12, 2024 7:21am Apr 12, 2024 7:21am
Quoting Mcbeaners
initially i'm looking for 2382 ish then 2364. 2364 would release trapped bears imo. longer term - me thinks 2520 2872 ish as longer term targets. {image}
you are right but bro....i don't think that in this year gold will able to go above 2700-2800
Be Calm In Every Situation
  • #30,891
  • Apr 12, 2024 7:36am Apr 12, 2024 7:36am
Quoting sambhav30
{quote} you are right but bro....i don't think that in this year gold will able to go above 2700-2800
not saying one should long it here but looking at latest price action you could be forgiven if you thought those highs are more likely then say 2240.

for price projection 1.6 fib is the target most found.
In tea leaves we trust!
  • #30,892
  • Apr 12, 2024 7:49am Apr 12, 2024 7:49am
Quoting sambhav30
i think it will retrace till point A and then will go up....IMO...do your own analyze also and trade safe {image}
bro this is possible but really risky trade as it is already at over bought level, even if it goes up, it might not go up more than 2408.
  • #30,893
  • Apr 12, 2024 7:54am Apr 12, 2024 7:54am
Quoting rehmatkhan00
{quote} bro this is possible but really risky trade as it is already at over bought level, even if it goes up, it might not go up more than 2408.
Dont assume bro. For a fact theres nothing on top to even supporting resistance zone. Its not like ure in the zone below that u can read where sell might be. Always expect the unexpected. 2408 or 2420 or 2450 is possible
Trading is very lonely
  • #30,894
  • Apr 12, 2024 7:57am Apr 12, 2024 7:57am
Quoting luckytujuh
{quote} Dont assume bro. For a fact theres nothing on top. Always expect the unexpected. 2408 or 2420 or 2450 is possible
That's why I have safety stops in place, but I am praying profit will be taken today/tonight as that hasn't been happening for weeks, and the price is really getting to a point where market will be reluctant to buy, and rather invest in climbing treasuries with some interest on the side
"Who Dares Wins"
  • #30,895
  • Apr 12, 2024 7:58am Apr 12, 2024 7:58am
Quoting luckytujuh
{quote} Dont assume bro. For a fact theres nothing on top. Always expect the unexpected. 2408 or 2420 or 2450 is possible
I am also waiting for the strong resistance but for now 2400 is holding really well which could be the one otherwise the gold is so strong that it can shoot up to any higher high levels
  • #30,896
  • Apr 12, 2024 7:58am Apr 12, 2024 7:58am
not clear who is in control here so closed my short. i'll wait for the news in an hour.
In tea leaves we trust!
  • #30,897
  • Apr 12, 2024 8:03am Apr 12, 2024 8:03am
Quoting Stoyan
A potential double top on M30 - will have to wait for another 20 minutes to see whether it validates by the break of the neckline (M30 candle close below), would ideally like to see a retest and rejection of the broken neckline before engaging into an intraday short afterwards. Targets on the chart https://www.mql5.com/en/charts/19202...-markets-group
Potential DT invalidated - price didn't manage to validate the pattern and retraced back to the 2340 top again
  • #30,898
  • Apr 12, 2024 8:11am Apr 12, 2024 8:11am
Sell XAUUSD TP 2365
Think longterm not shortterm
  • #30,899
  • Apr 12, 2024 8:12am Apr 12, 2024 8:12am
after morning ranges gold has basically done nothing for the day. is it showing signs of exhaustion..
  • #30,900
  • Apr 12, 2024 8:15am Apr 12, 2024 8:15am
Quoting Mcbeaners
not clear who is in control here so closed my short. i'll wait for the news in an hour.
since yesterday ur posts have also been unclear. are u sure arsenal are going to win the premier league?
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