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  • #3,141
  • Aug 13, 2022 6:29pm Aug 13, 2022 6:29pm
Quoting ForexGoose
{quote} I don’t believe in harmonics. I just study the fundamentals and predict that Gold will be bullish this month if the FED stays quiet about being more hawkish. If the price stays above 1784, then it is probably safe to buy with a stop loss under that level.
I even don’t follow , I just posted for fun . But I still believe that market moves in cycle and if it does not move in cycle then it comes back to fill up gap.
Love for all; Hatred for none.
  • #3,142
  • Aug 13, 2022 10:18pm Aug 13, 2022 10:18pm
Quoting aahmad29
{quote} I even don’t follow , I just posted for fun .
Yeah, it certainly is an interesting thread ; )
"Don't Shoot Me I'm Only the Piano Player"
  • #3,143
  • Aug 14, 2022 6:25am Aug 14, 2022 6:25am
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  • #3,144
  • Edited 8:42am Aug 14, 2022 7:57am | Edited 8:42am
Quoting FxExplorer
Hello, I know this thread is about Gold, but I don't see any other active thread and my question has strong co-relation with Gold so I thought I would ask my question here. What do you guys think about XAG/USD? It had a huge surge upwards on closing on Friday. I have sells at 20.418 and the price now is at 20.814. Do you think it will continue to press upwards or a revisit to 20.300 is plausible? Thank you.
During the last month, XAG/USD had a positive correlation of over 80% with XAU/USD. I think the trend may continue to go up for Silver this month. It also depends on what stocks do, what happens with geopolitics, and inflation expectations.

I predict Gold rallies if FOMC minutes are not as hawkish and when Powell is not hawkish during Jackson Hole meetings.

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Gold can be sold if the next NFP report is strong, especially if the wage inflation is strong.

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Gold can then rally if the following CPI report is soft, especially when the CORE data softer, such as housing and services.

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Gold can also rally if the next FOMC meeting is not as hawkish and there is only a 50 bps interest rate increase.

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I would buy Gold with a stop loss under 1784 and Silver with a stop loss under 20 for now.
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #3,145
  • Aug 14, 2022 11:00am Aug 14, 2022 11:00am
Quoting ForexGoose
{quote} I don’t believe in harmonics. I just study the fundamentals and predict that Gold will be bullish this month if the FED stays quiet about being more hawkish. If the price stays above 1784, then it is probably safe to buy with a stop loss under that level.
My point of gravity is 1723 and i am gonna hold my short positions. I have no idea when price will come back but it will soon. Average price movement is 1804 for last 200 bars on H4.
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Love for all; Hatred for none.
  • #3,146
  • Aug 14, 2022 1:44pm Aug 14, 2022 1:44pm
finger croossed on GOLD
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  • #3,147
  • Aug 15, 2022 2:21am Aug 15, 2022 2:21am
Quoting aahmad29
{quote} Another position hit TP 1795-1789 I set same limit order again.
Closed in profit
1795-1790

Placed long position @1790 TP@1796
Sell limit@1796 TP@1790
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Love for all; Hatred for none.
  • #3,148
  • Aug 15, 2022 2:24am Aug 15, 2022 2:24am
Quoting aahmad29
{quote} I have to track my resolution. So here is progress so far and 4 more to go. 1. Sell 1799 - 1790 2. Sell 1795 - 1789 3. Buy 1786 - 1793 {image}
1. Sell 1799 - 1790
2. Sell 1795 - 1789
3. Buy 1786 - 1793
4. Sell 1795 - 1790

7 Out of 10 must be closed in profit of 500+ points.
3 More to go
Love for all; Hatred for none.
  • #3,149
  • Aug 15, 2022 2:34am Aug 15, 2022 2:34am
Quoting aahmad29
{quote} Closed in profit 1795-1790 Placed long position @1790 TP@1796 Sell limit@1796 TP@1790 {image}
Precious regaining lost ground, mebbe.

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"Don't Shoot Me I'm Only the Piano Player"
  • #3,150
  • Aug 15, 2022 2:34am Aug 15, 2022 2:34am
Quoting Nna
I believe the 1802 level would reverse the market. {image}
Gold did what I wanted it to do. check my previous post.
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  • #3,151
  • Aug 15, 2022 4:42am Aug 15, 2022 4:42am
It looks like a bull trap so far at the start of the week.
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #3,152
  • Edited 4:57am Aug 15, 2022 4:45am | Edited 4:57am
SL hunt continue. Bullish point of gravity has been created @1796. If price kept going down i will add long positions gradually and will start closing short positions accordingly. Price is approaching the weekly support S1@1776. Lets see if price continue its journey or there is rebound.
Love for all; Hatred for none.
  • #3,153
  • Aug 15, 2022 5:45am Aug 15, 2022 5:45am
Quoting aahmad29
{quote} 1. Sell 1799 - 1790 2. Sell 1795 - 1789 3. Buy 1786 - 1793 4. Sell 1795 - 1790 7 Out of 10 must be closed in profit of 500+ points. 3 More to go
well done,
"Don't Shoot Me I'm Only the Piano Player"
  • #3,154
  • Aug 15, 2022 5:54am Aug 15, 2022 5:54am
This level of 1775.00 would reverse the market back to 1785.00
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  • #3,155
  • Aug 15, 2022 6:27am Aug 15, 2022 6:27am
is 1767 and then 1751 next for bears?
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don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #3,156
  • Aug 15, 2022 7:28am Aug 15, 2022 7:28am
Gold did what I wanted it to do again. check my previous post.
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  • #3,157
  • Aug 15, 2022 7:30am Aug 15, 2022 7:30am
Strong buy from 1773. Was there some news?
  • #3,158
  • Aug 15, 2022 7:37am Aug 15, 2022 7:37am
Quoting Eren10
Strong buy from 1773. Was there some news?
Empire State Manufacturing Index
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #3,159
  • Aug 15, 2022 7:53am Aug 15, 2022 7:53am
Quoting ForexGoose
{quote} Empire State Manufacturing Index

İt started before that. Maybe just a reversal for now of the downtrend.
  • #3,160
  • Aug 15, 2022 10:49am Aug 15, 2022 10:49am
Quoting ForexGoose
It looks like a bull trap so far at the start of the week.
Bearish momentum might still be valid.
If I follow my system, the outcome doesn’t define me — the process does.
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