Gold

The most predictable scenario

Short-term gold selling opportunity in coming hours.Look for better entry.current bullish movement is expected to reverse with 61.8 Fibonacci .

That's good analysis .I vote that

Took short at 1864

!!

why this particular place? price just win the 1861-2 battle. it can pop easily 5$
need patience here. nothing to trade

Short trade . Rejections of 61.8 fib. Closed it at 1:1RR. Now waiting for more confirmations

Long term its going up. The big boys have triple the amount of buy orders compared to sells as per the CTFC report

see the market makers dont care about the news, what they care is all about liquidity

Oh man today almost everyone was confused in gold even few ones made sell but i knew it will go up but dont know when do i will have the guts to be confident about my calculations

Good morning guys,

Whats the outlook on GOLD today?

I see its closed 6 daily candles under 1868. This indicates a bearish signal but there is a 50 200 SMA cross on daily about to take place which indicates bullish nature. I see perhaps short term shorts till weekly support then perhaps gold shoots up.

Hey everyone!
According to my analysis, it should tap into 1872 before making its move to the downside. There is liquidity left on both sides to grab so I could easily see it tapping into 1872 levels and making a move all the way to 1827 and then starting its bull run again. Our short view is invalidated if it breaks the above structure.

Long gold 1864
Stoploss 1861(will use trailing)
Take profit (30-40 pips)

Free forex technic you know the deal

Whats going on wit gold? What yall doing

i am on sell

We have seasonal end Nov - end Dec / early Jan bullish gold coming up but at this point some reversal wouldn't hurt.

But selling now might be a little premature. It would be nice to see a close below 1849 low to confirm a lower low is forming after prices stalled close to 1871 forming a lower high. It is also possible that we have a messy head and shoulders being set up but I highly doubt that. Still want to see some closing below 1849 before commencing selling. Based on fib, 38.2 is at 1831.91 which is roughly where a strong previous resistance turned support level lies so we may also bounce from there if sellers aren't strong enough.

Otherwise look towards 61.8 fib retracement at 1804 where there are plenty of confluences as well.

I can totally relate

Caught this slick move on 15min with 1min entry. Price reacting of a supply zone and I took entry on 1min BOS and return to the orderblock targeting 1850! Missed it yesterday. Stop is at BE now!