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  • #7,621
  • May 9, 2023 5:15am May 9, 2023 5:15am
Gold hold between 2000-2045, like to sell it down under 1960. crucial resistance point
  • #7,622
  • May 9, 2023 5:17am May 9, 2023 5:17am
Quoting aahmad29
I am starting to buy 2022 TP 2035 but still i think price will go down to 2001. Lets see how it played during NY session.
it maybe worth taking a position based on your analysis.
  • #7,623
  • Edited 6:37am May 9, 2023 5:17am | Edited 6:37am
Quoting jordiHK
Looks like a crocodile zone at 2029, and still have 2030-33 zone as resistance if 2029 is broken. Same as 2021 now became a strong Support. Maybe we must wait till US.
2029.24 161.8% level of same swing that retraced from 76.4% the 1999 area , 2032.70 Daily resistance & 2032.51 61.8% retracement level of 1H i mentioned earlier. So Super danger zone.if hold then 1999 or 1980 possible and if crossed above 2049 possible.Trade safe

Edit: As per 4H close above 2027.92 my bias long till 2049 but I will scalp only and book my profit time to time.Trade safe
Edited
  • #7,624
  • May 9, 2023 5:18am May 9, 2023 5:18am
Wait to sell 1943 when there is a signal. Stop loss above 1960.
Attached Image (click to enlarge)
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  • #7,625
  • May 9, 2023 5:28am May 9, 2023 5:28am
Quoting parveenverma
{quote} 2029.24 161.8% level of same swing that retraced from 76.4% the 1999 area , 2032.70 Daily resistance & 2032.51 61.8% retracement level of 1H i mentioned earlier. So Super danger zone.if hold then 1999 or 1980 possible and if crossed above 1949 possible.Trade safe Edit: As per 4H close above 2027.92 my bias long till 1949 but I will scalp only and book my profit time to time.Trade safe
do you mean 2049? lol
  • #7,626
  • May 9, 2023 5:34am May 9, 2023 5:34am
Quoting Xauusdscalpr
{quote} do you mean 2049? lol
Yes.... Dear 2049. Reason for this target is previous retracement of 76.4% of last week ATH high swing. 76.4% is most probably a sign of non directional action or sideways mode. So if we count current swing 76.4% that become 2047-2049 area and SMC concepts confirm it because one more FVG above and a order block pending to be filled before a long downward move.I may be wrong.Trade safe
  • #7,627
  • May 9, 2023 5:37am May 9, 2023 5:37am
Quoting parveenverma
{quote} 2029.24 161.8% level of same swing that retraced from 76.4% the 1999 area , 2032.70 Daily resistance & 2032.51 61.8% retracement level of 1H i mentioned earlier. So Super danger zone.if hold then 1999 or 1980 possible and if crossed above 1949 possible.Trade safe Edit: As per 4H close above 2027.92 my bias long till 1949 but I will scalp only and book my profit time to time.Trade safe
Agree with all S/R you mentioned. Did you find 2043-45 in any of your Fibo levels?
  • #7,628
  • May 9, 2023 5:38am May 9, 2023 5:38am
Quoting parveenverma
{quote} Yes.... Dear 2049. Reason for this target is previous retracement of 76.4% of last week ATH high swing. 76.4% is most probably a sign of non directional action or sideways mode. So if we count current swing 76.4% that become 2047-2049 area and SMC concepts confirm it because one more FVG above and a order block pending to be filled before a long downward move.I may be wrong.Trade safe
You found 2047-49... I see
  • #7,629
  • May 9, 2023 5:39am May 9, 2023 5:39am
Quoting Xauusdscalpr
{quote} do you mean 2049? lol
Sorry for that: edited
  • #7,630
  • May 9, 2023 5:45am May 9, 2023 5:45am
Quoting jordiHK
{quote} Agree with all S/R you mentioned. Did you find 2043-45 in any of your Fibo levels?
Yes ....2040-2042 area H4 200% level.most probably not hold for long for me. So I not mentioned it here.But I try to alert all levels during live trading.Trade safe
  • #7,631
  • May 9, 2023 6:13am May 9, 2023 6:13am
Closed my long scalps @2031.80.Now waiting for break out of 2033 area for more long or short after proper confirmation.Trade safe
  • #7,632
  • Edited 6:39am May 9, 2023 6:20am | Edited 6:39am
https://www.forexfactory.com/thread/...5#post14419575
gold is still trickling uphill and has a chance to continue to do so.

XAUUSD H1
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isnt it a fat bird?
Ger40 W

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We will see tomorrow?
  • #7,633
  • May 9, 2023 6:24am May 9, 2023 6:24am
Alert Zone!
Price touch the level....Lets sit aside and notice its reaction.Trade safe
  • #7,634
  • May 9, 2023 6:53am May 9, 2023 6:53am
Hi parveenverma
Your insights are very helpful. They have helped me in confirming my trades. God bless you.
  • #7,635
  • May 9, 2023 7:23am May 9, 2023 7:23am
Quoting damsak
Possible reverse points of gold https://youtu.be/0QB4jmnZ_7E
And as mentioned the market just started to reverse in the second reverse which down point. However I won't expect too much time reverse point here. Just a rest of buyers

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Inserted Video
  • #7,636
  • May 9, 2023 7:32am May 9, 2023 7:32am
Guys ! Gold spreads became deadly in NY session.Trade safe
  • #7,637
  • May 9, 2023 7:42am May 9, 2023 7:42am
Quoting Xauusdscalpr
{quote} think it will go down to 2001 for when? Do you expect it short term or long term
I wanted to see the target 2049 but M1 chart is showing bearish volume.
M5 bullish with target of 2034
M15 bullish with target of 2036
M30 bullish with target of 2059

because of M1 bearish side , I am expecting price to go down until M1 chart catch bullish volume
Love for all; Hatred for none.
  • #7,638
  • May 9, 2023 7:47am May 9, 2023 7:47am
Quoting damsak
{quote} And as mentioned the market just started to reverse in the second reverse which down point. However I won't expect too much time reverse point here. Just a rest of buyers {image} https://youtu.be/0QB4jmnZ_7E
And gone down more little bit
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  • #7,639
  • May 9, 2023 9:43am May 9, 2023 9:43am
Quoting damsak
{quote} And gone down more little bit {image}
As usual very accurate. Good job
Love for all; Hatred for none.
  • #7,640
  • May 9, 2023 9:53am May 9, 2023 9:53am
Quoting tranvanloc
Wait to sell 1943 when there is a signal. Stop loss above 1960. {image}
Closed this plan
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