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  • #1,521
  • Nov 5, 2021 10:55am Nov 5, 2021 10:55am
According to reports released today (nfe) that strengthened the US dollar, I thought gold would fall. Even to the level of 1778. Why did it not continue to decline? And increased? Can anyone keep me from this trap so that I do not make this mistake again? Is there no relationship between important reports and price? Thank you so much.
  • #1,522
  • Nov 5, 2021 11:01am Nov 5, 2021 11:01am
what happened to gold?? i'm locking the loss.. now i had one job now...
  • #1,523
  • Nov 5, 2021 11:33am Nov 5, 2021 11:33am
Well to answer the question why dollar is tanking while all the numbers were great for US economy, think about this, if forex was that easy then we all would have been millionaires right?

It would made all the sense of gold tanked but big players want to eat all SL’s first, inch a bit higher than 1835 to trick traders to long and then tank gold!

This is my opinion and ofcourse i could be wrong
  • #1,524
  • Nov 5, 2021 11:36am Nov 5, 2021 11:36am
10 year yield rate of US is decreased. High inflation. And I read that Indians are buying a lot gold for wedding these periods (around december).

And today USD ended the day weak, which pushed gold above 1800.
  • #1,525
  • Nov 5, 2021 11:46am Nov 5, 2021 11:46am
Quoting sepiz
According to reports released today (nfe) that strengthened the US dollar, I thought gold would fall. Even to the level of 1778. Why did it not continue to decline? And increased? Can anyone keep me from this trap so that I do not make this mistake again? Is there no relationship between important reports and price? Thank you so much.

We have to look to news from a very broad perspective and taking everything with it. And that is very difficult. Unless it is very important news, just follow the market
  • #1,526
  • Nov 5, 2021 11:57am Nov 5, 2021 11:57am
Thank you all for answering. Profiting from this market is harder than I thought...
Have a good weekend.
  • #1,527
  • Nov 5, 2021 2:21pm Nov 5, 2021 2:21pm
Quoting djahidait
{quote} it not for free to get admitted first you need to pay then win the challenge Go do the same with a real account
Yup mate i checked them pressure is still there while completing the challenge moreover they have very small laverage i am a swing trader and aggressive one i cant trade with their conditions...
  • #1,528
  • Nov 5, 2021 3:36pm Nov 5, 2021 3:36pm
First possible resistance is around 1825-1830, if cleared i will be looking to sell between 1839 to 1848
  • #1,529
  • Nov 5, 2021 6:41pm Nov 5, 2021 6:41pm
Quoting LvMMT
{quote} {image} Lovely weekend God bless everyone!
Cable Update (GBPUSD) | Page 31831 | Forex Factory

God bless everyone!
The only impartial feeling is love. It is also the only feeling of God.
  • #1,530
  • Nov 6, 2021 3:05pm Nov 6, 2021 3:05pm
Quoting sepiz
According to reports released today (nfe) that strengthened the US dollar, I thought gold would fall. Even to the level of 1778. Why did it not continue to decline? And increased? Can anyone keep me from this trap so that I do not make this mistake again? Is there no relationship between important reports and price? Thank you so much.
well, that's why I don't trade in gold.
because for me there is no exploitable logic in his movement.
  • #1,531
  • Nov 7, 2021 1:44am Nov 7, 2021 1:44am
FED did not raise the interest rates, and that will remain for some time. However inflation is rising. So that
could have given gold some more room to go up.
  • #1,532
  • Nov 7, 2021 6:48am Nov 7, 2021 6:48am
So, Why gold is up with surprise?

This is the big question from gold traders right now. As a trader, I told on this thread earlier about resistance level 1830 and support level 1725 before the NFP. Now we should see a rational explanation about this. Well, gold got big demand from india which is a big reason why gold bulled up suddenly. As soon as the news/data released, non-experienced traders are busy about gold bearish movements cause green color data. But they didn't care U.S. treasury's 30-year Yields lower graph, which is clearly bad news for usd. I can say, this is a fundamental reason why usd got weaker despite good jobs data.

Another fundamental point is worker's strike and faking the economy fear which is leads ether/btc to higher market caps. Gold is really different than any other instruments here, no matter how much strong the dollar is gold can rise. When it's rate fall down the reason is less demand or industry level manipulation with their big pile of money. They wait for retail trader to enter the market with high risk/hoped path and they do make it exactly the opposite.
Now, the thought is, the food chain top guys are smart, think like them and you'll make profit.
Try the simple and make it for you ~
  • #1,533
  • Nov 7, 2021 7:10am Nov 7, 2021 7:10am
Quoting clocktrade
So, Why gold is up with surprise? This is the big question from gold traders right now. As a trader, I told on this thread earlier about resistance level 1830 and support level 1725 before the NFP. Now we should see a rational explanation about this. Well, gold got big demand from india which is a big reason why gold bulled up suddenly. As soon as the news/data released, non-experienced traders are busy about gold bearish movements cause green color data. But they didn't care U.S. treasury's 30-year Yields lower graph, which is clearly bad news...
well yes.
surely other considerations need to be considered, not just the strength of the usd.
  • #1,534
  • Nov 7, 2021 11:24pm Nov 7, 2021 11:24pm
Sold Gold 1820
take profit 1810 (will use trailing Stop loss)
Stop loss 1825
  • #1,535
  • Nov 7, 2021 11:41pm Nov 7, 2021 11:41pm
Gold short till 1800 level
  • #1,536
  • Nov 8, 2021 12:19am Nov 8, 2021 12:19am
H3 Target 1825.xx
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD.aH3.png Size: 103 KB
  • #1,537
  • Nov 8, 2021 12:56am Nov 8, 2021 12:56am
Gold on 15 mins is beginning to show resistance levels at 1820.9. Price starting to climb down showing either profit taking or bears coming in.

Likely we will get an hourly bearish engulfing candle. Next push down we can look towards 1807, or even lower towards 1800. Should it break 1800, we may see previous levels around 1795 to 1785 come back into play.

Trend is still up but it seems that the pullback is here.
A 1 pip gain is better than a 1 pip loss.
  • #1,538
  • Nov 8, 2021 1:13am Nov 8, 2021 1:13am
Quoting AlfieSolomon
Sold Gold 1820 take profit 1810 (will use trailing Stop loss) Stop loss 1825
Closed half for 50 pips, remaining positions set breakeven
  • #1,539
  • Nov 8, 2021 1:53am Nov 8, 2021 1:53am
There is a resistance at 1821 from the daily, it bounced from their.
  • #1,540
  • Nov 8, 2021 2:03am Nov 8, 2021 2:03am
Another short at 1816.8
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