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  • #16,201
  • Aug 21, 2023 9:37pm Aug 21, 2023 9:37pm
Weekly Resistance holding and pushing down the price strongly but how long time will tell. Trend change already on 1H TF of my chart but bulls not seems much confident till now so 4H TF trend change will clear the picture more. After a retracement up to 1889-90 price can attack the weekly resistance again. Bulls needs a lots of power to break this resistance. So Gold bears should be on alert on every movement of this price action. I may be wrong.Trade safe
  • #16,202
  • Aug 21, 2023 9:47pm Aug 21, 2023 9:47pm
After yesterday's rebound, the current support has moved up to the 1887 area, that is to say, This implies that in the absence of news, if the bullish rebound continues and then retraces, the preferred strategy is to go long, focusing on the rebound. then fall back to 1887, and can choice to buy . The rise of the U.S. dollar is sluggish. The continued decline of global non-U.S. assets requires technical self-rescue rebound, so gold is the same, so today we only participate in long positions at 1887. If you miss the opportunity, then if there is an adjustment and falls from the high level by $8, you can add to your long position, such as the 1895 high adjustment to1888, can continue to buy at 1888.
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  • #16,203
  • Aug 21, 2023 10:26pm Aug 21, 2023 10:26pm
Guys, I currently have a short and considering closing it on 1885 and opening a long instead.

What do you think?
  • #16,204
  • Aug 21, 2023 10:34pm Aug 21, 2023 10:34pm
Quoting ObadaAdel
Guys, I currently have a short and considering closing it on 1885 and opening a long instead. What do you think?
For me I am still bearish. Any long opportunities should be carefully executed with precision scalps that are in and out short term trades. I wont shift bullish bias longerterm until I see a break above the 1896(weekly middle pivot) and consolidations above weekly R1.

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  • #16,205
  • Aug 21, 2023 10:44pm Aug 21, 2023 10:44pm
Quoting ObadaAdel
Guys, I currently have a short and considering closing it on 1885 and opening a long instead. What do you think?
looking at h4, it might be bullish. its trying to pierce yesterdays high
but look again, if it pierce. where do u think its heading?
strongly heading 1920 from what i see.
Trading is very lonely
  • #16,206
  • Aug 21, 2023 10:48pm Aug 21, 2023 10:48pm
Quoting Murugesh29
Hidden
Good morning All!
H1 has hidden bullish divergence.. recheck of 1900-1906.6( selling area)..if dr2 not break,any spike will be selling to the target 1882.62(adr low)
Dp 1892.59(not touched)

This is forum!I can post regarding forex trading.so ignore if u dont like!
Learning helping earning in any means...

Trade safe

Quoting Murugesh29
{quote} Good morning All! H1 has hidden bullish divergence.. recheck of 1900-1906.6( selling area)..if dr2 not break,any spike will be selling to the target 1882.62(adr low) Dp 1892.59(not touched) This is forum!I can post regarding forex trading.so ignore if u dont like! Learning helping earning in any means... Trade safe
Now M30 has hidden bullish divergence and m15 has classical bearish..

Quoting Murugesh29
{quote} Good morning All! H1 has hidden bullish divergence.. recheck of 1900-1906.6( selling area)..if dr2 not break,any spike will be selling to the target 1882.62(adr low) Dp 1892.59(not touched) This is forum!I can post regarding forex trading.so ignore if u dont like! Learning helping earning in any means... Trade safe {quote} Now M30 has hidden bullish divergence and m15 has classical bearish..
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Its all about Timing!!!
  • #16,207
  • Aug 21, 2023 11:04pm Aug 21, 2023 11:04pm
Quoting luckytujuh
{quote} looking at h4, it might be bullish. its trying to pierce yesterdays high but look again, if it pierce. where do u think its heading? strongly heading 1920 from what i see.
True. It's been heading downrange for too long now.
  • #16,208
  • Aug 21, 2023 11:06pm Aug 21, 2023 11:06pm
Sell limit triggered at 96.50 what’s with this price movement though

Also, stay away from dumb demo heroes
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  • #16,209
  • Aug 21, 2023 11:07pm Aug 21, 2023 11:07pm
Quoting ObadaAdel
{quote} True. It's been heading downrange for too long now.
but its not wrong to say its bearish too. u can also see there is demand under 1892. possible to hit 1888-1889 before ranging up back.
Trading is very lonely
  • #16,210
  • Aug 21, 2023 11:14pm Aug 21, 2023 11:14pm
Saying something has been trending in one direction for too long seems like a logical reason to think the trend may exhaust and end. However when you consider the fact that trends don't have time limits and the fact that what may seem like a long trend in one timeframe is actually not that large of a move in a much larger timeframe which could lead to a big trend in that larger timeframe, there really is no reason why price cant just keep dropping. That is not to say it will keep dropping but using the "its been trending for too long" is not a viable factor to consider in my opinion.
  • #16,211
  • Aug 21, 2023 11:15pm Aug 21, 2023 11:15pm
Quoting d1zzy
Sell limit triggered at 96.50 what’s with this price movement though Also, stay away from dumb demo heroes {image}
i just check the price action. It will definitely go up today, i dont know whether london or new york. i see a no wick candle at m5 at 1896.77 but price is going down, possibly to 1893 first


even m30 have already created the magic no wick candle
so im certain, it will definitely retest this area later. for now looking for candle to form a bearish trend temporarily
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Trading is very lonely
  • #16,212
  • Aug 21, 2023 11:41pm Aug 21, 2023 11:41pm
its coming down temporarily, i love this price action candle.
waited so long for this candle to appear. LOL
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Trading is very lonely
  • #16,213
  • Aug 21, 2023 11:47pm Aug 21, 2023 11:47pm
i cancelled my 3rd order and places a sl at 1897.50 so just risking 13 pips

might spike up and dont want to sleep in a drawdown
tp 1887 tho i dont thin will get close LOL


i changed my typo to 1897.50 lol
short trump and go long the deepstate
  • #16,214
  • Aug 21, 2023 11:51pm Aug 21, 2023 11:51pm
LOL, it hit my BE. Didnt get to achieve my tp 1893.98
It sucks, but its okay for me. Im gonna sleep too for 2 hours.
See u all london.
Trading is very lonely
  • #16,215
  • Edited 1:15am Aug 22, 2023 12:10am | Edited 1:15am
Quoting Zebi
i cancelled my 3rd order and places a sl at 1897.50 so just risking 13 pips might spike up and dont want to sleep in a drawdown tp 1887 tho i dont thin will get close LOL i changed my typo to 1897.50 lol
you should hit 87 comfortably we ain’t testing highs now until after 86-88

edit- that was totally uncalled for
  • #16,216
  • Aug 22, 2023 12:35am Aug 22, 2023 12:35am
Quoting d1zzy
{quote} you should hit 87 comfortably we ain’t testing highs now until after 86-88
Possibility of breaking 94 below before London?
  • #16,217
  • Aug 22, 2023 1:01am Aug 22, 2023 1:01am
Quoting Naush
{quote} Possibility of breaking 94 below before London?
According to smaller timeframes, yes
  • #16,218
  • Edited 1:19am Aug 22, 2023 1:05am | Edited 1:19am
checking pa , h4 close below 1895.10 and 1894.37 be enough next good signal it may retest bottom again ! anyway there got a best bottoming effects to try reversal attempt so far ! take care
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #16,219
  • Aug 22, 2023 1:07am Aug 22, 2023 1:07am
i am also expecting a fall below 1890s at the moment price is at a major key level according to bigger timeframes also liquidity resting below 1887-85 should be taken out before bulls take charge. NFA trade safe.
  • #16,220
  • Aug 22, 2023 1:23am Aug 22, 2023 1:23am
Let the fomo begin
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