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  • #42,861
  • Sep 14, 2024 7:17am Sep 14, 2024 7:17am
Quoting Silver-King
{quote} It's safest to wait for the price to return to this zone and then go Long. Resistance has been broken, should be retested before the Fed or after the Fed and then going Long is how one should probably handle this situation. Losing money catching the high isn't worth it.
Im not really into the losing money part. Im pretty patient when it comes to trading. I imagine if I see a good enough sign, I'll grab some shorts. I will also be looking to grab some longs coming off former resistance-turned-support. As far as the FED decision it means nothing to me. lll be completely flat before that news comes out. I dont play around during the news ever.
TechKnow
  • #42,862
  • Sep 14, 2024 7:32am Sep 14, 2024 7:32am
Quoting Techknow
{quote} Im not really into the losing money part. Im pretty patient when it comes to trading. I imagine if I see a good enough sign, I'll grab some shorts. I will also be looking to grab some longs coming off former resistance-turned-support. As far as the FED decision it means nothing to me. lll be completely flat before that news comes out. I dont play around during the news ever.
Sounds good! Good luck with the Shorts if you enter any. On Support we Buy.
  • #42,863
  • Sep 14, 2024 7:33am Sep 14, 2024 7:33am
Interesting observation that after 4Hr Valid BOS Price is repeating 150pips extension to previous break before retracement. 180->330->480->630??? I will observe the price around 2594 for possible retracement.
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  • #42,864
  • Sep 14, 2024 7:47am Sep 14, 2024 7:47am
I'm an indices trader and I've been studying GC for a little while now. Can anyone tell me what news events Gold often follows? There are days when it will rip at 830 EST when USD doesn't have news and I'm guessing that I'm neglecting news from other countries that GC may be following.
  • #42,865
  • Sep 14, 2024 8:40am Sep 14, 2024 8:40am
Everything says gold to new highs, I'm thinking about the other possibility and putting myself in the shoes of market makers, I'm trying to think outside the box right now, your opinion is important
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  • #42,866
  • Sep 14, 2024 9:20am Sep 14, 2024 9:20am
I looked at every chart today... Stocks, PMs, Crypto, Currency Pairs...
They all suggest that the USD is very, very likely to get destroyed.

USD weakness will start getting worse and worse, faster and faster.

If we get a retracement on the PMs which I really hope we will before the Fed, I'm Buying it all!
  • #42,867
  • Edited 12:38pm Sep 14, 2024 10:12am | Edited 12:38pm
Checking pa , at a good resistance presently , correct down to range up likely to test 2600 round # . So may try up over 2600 before good correct next to go final bull target ! Take care
Presently may try test previous high and even success while market open , price correct below 2542 , limit 2532.
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #42,868
  • Sep 14, 2024 11:49am Sep 14, 2024 11:49am
With the last two days bull run most of peoples accounts has been wiped out , mine half account is gone as well.
  • #42,869
  • Edited 7:08pm Sep 14, 2024 12:40pm | Edited 7:08pm
Quoting steffile
{quote} that's awesome! have a nice weekend and hoping you keep doing great things.
_________ for this wk NEW TP1 @2672 , Gann chart Ready soon to post it Here
Don’t focus on making $$$, focus on protecting what you have.
  • #42,870
  • Sep 14, 2024 1:03pm Sep 14, 2024 1:03pm
Quoting Silver-King
I looked at every chart today... Stocks, PMs, Crypto, Currency Pairs... They all suggest that the USD is very, very likely to get destroyed. USD weakness will start getting worse and worse, faster and faster. If we get a retracement on the PMs which I really hope we will before the Fed, I'm Buying it all!
what about this chart?

The weekly suggests to look for long opportunities for big boost as well.
Just charting, not recommendations
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  • #42,871
  • Sep 14, 2024 1:17pm Sep 14, 2024 1:17pm
Quoting Wutm4n
Interesting observation that after 4Hr Valid BOS Price is repeating 150pips extension to previous break before retracement. 180->330->480->630??? I will observe the price around 2594 for possible retracement.{image}
sorry for the dumb question.. what this set of numbers represent
180->330->480->630?

I did some math.. nothing special
  • #42,872
  • Sep 14, 2024 2:05pm Sep 14, 2024 2:05pm
Quoting Whale
{quote} sorry for the dumb question.. what this set of numbers represent 180->330->480->630? I did some math.. nothing special

Its the amount of pips after the BOS which after began retracement. Similar increase of 150pips above previous BOS. First brakeout was 180Pips, second 330pips, third 480pips, thats the numbers, just an observation.
  • #42,873
  • Sep 14, 2024 2:07pm Sep 14, 2024 2:07pm
Quoting Whale
{quote} sorry for the dumb question.. what this set of numbers represent 180->330->480->630? I did some math.. nothing special
you must add 2 before each number I think thats all
People don't plan to lose. They lose because they don't plan.
  • #42,874
  • Sep 14, 2024 4:29pm Sep 14, 2024 4:29pm
Quoting Whale
{quote} sorry for the dumb question.. what this set of numbers represent 180->330->480->630? I did some math.. nothing special

Don't know if this helps, but on my own view what I think he's trying to call attention onis that during his analysis every point where there seems to be a BOS are the figures you saw and putting all that into consideration it gives you the perfect entry for your trade with detailed calculations: if you notice all the figures has 150pip differences that a target for you to trade with as to set a TP before another BOS sets in if not a COCH.

Simple and clear I guess
YOLO
  • #42,875
  • Sep 14, 2024 10:52pm Sep 14, 2024 10:52pm
Gold is in beast mode with strong upward momentum. Next week, we could see it go above 2600+. Even if the actual price should not 2600, there's a high probability it will attempt to test that psychological level.

Gold may touch 2572 or 2550 before rallying again. But i think after 2572 touch it will start to move up again.
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  • #42,876
  • Sep 15, 2024 1:03am Sep 15, 2024 1:03am
Quoting Whale
{quote} what about this chart? The weekly suggests to look for long opportunities for big boost as well. Just charting, not recommendations {image}
Support on the DXY is at 98.5 - 99 on my chart. USD is going down against everything. GBP/USD should be heading towards 1.40 and USD/JPY towards 134 - 135. Huge USD weakness ahead. S&P going for 6000 in my opinion and that is where it'll potentially top for this year.

USD should recover perhaps after selections.

What we are actually watching right now are yields. When yields start spiking up everything should drop. Stocks should top at that moment while PMs will recover after some time and that would be it in my opinion. Risk-off will officially begin. Stocks will go down, JPY up along with the CHF and USD and PMs up as well. You know it all already...
  • #42,877
  • Sep 15, 2024 2:14am Sep 15, 2024 2:14am
just open chart with indicators , yeah price still may test 2600 , and next correction confirmation only after 2480 down ! weekly if toi stop bull for now then likely a weekly doji or engulfing bear candle possible . ok apparently
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #42,878
  • Sep 15, 2024 3:57am Sep 15, 2024 3:57am
I realize that FOMC is this week, so most technical stuff is out of the window until then. However, I can not help but think gold will reach the 2718-20 area. That is really the only major overhead resistance I can find. I will look to scalp a couple of shorts back to support and then, most likely, flip to long for the mentioned area.
I think we will be safe to come down to 2080 after we hit that zone. Of course none of this matters until FOMC is released but that is my current bias. I will update if anything changes.
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TechKnow
  • #42,879
  • Sep 15, 2024 4:56am Sep 15, 2024 4:56am
Quoting Techknow
{quote} Im not really into the losing money part. Im pretty patient when it comes to trading. I imagine if I see a good enough sign, I'll grab some shorts. I will also be looking to grab some longs coming off former resistance-turned-support. As far as the FED decision it means nothing to me. lll be completely flat before that news comes out. I dont play around during the news ever.
The former resistance turned support area is that the 2530 zone ? That we should be looking for longs there
  • #42,880
  • Sep 15, 2024 5:22am Sep 15, 2024 5:22am
Quoting missfx
{quote} The former resistance turned support area is that the 2530 zone ? That we should be looking for longs there
If it makes it there, I will look for a candle to get long on. But it all depends on the timing of the fomc. Ill be updating as it evolves
TechKnow
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