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  • #1,741
  • Nov 22, 2021 3:52am Nov 22, 2021 3:52am
Quoting OwaisJam
Ok tp changed to 1870 if it crossed 1850
Are you really sure for your TP? Because it looks like it's heading towards 1824 or maybe more
Ali
  • #1,742
  • Nov 22, 2021 3:53am Nov 22, 2021 3:53am
Quoting TrickorTrade
{quote} How are you sure yet? Gold still looks indecisive
Yes i agree with you
Ali
  • #1,743
  • Nov 22, 2021 3:59am Nov 22, 2021 3:59am
Quoting TrickorTrade
{quote} How are you sure yet? Gold still looks indecisive
Well i go for big swings now i have to wait
Plz trade on your own risk
  • #1,744
  • Nov 22, 2021 4:00am Nov 22, 2021 4:00am
Quoting mralishahpk1
{quote} Are you really sure for your TP? Because it looks like it's heading towards 1824 or maybe more
I believe bulls are in charge and rest of the day it will be bullish i might be wrong lets see what happens
  • #1,745
  • Nov 22, 2021 4:25am Nov 22, 2021 4:25am
Quoting OwaisJam
{quote} I believe bulls are in charge and rest of the day it will be bullish i might be wrong lets see what happens
Looks bearish on the Higher TFs
  • #1,746
  • Nov 22, 2021 4:36am Nov 22, 2021 4:36am
Quoting aeternum
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...
Based on price action so far, it looks like we have the chance to push lower towards 1835 for now. 38.2 fib lies at 1831.91 which also lies with various other past resistances.

Should it break 1831 and re-enter Earth's atmosphere, I won't be surprised to see 1821 to 1813 tested as well but that's still a long shot away. Eyes on 1832-1835 for now.
A 1 pip gain is better than a 1 pip loss.
  • #1,747
  • Nov 22, 2021 4:36am Nov 22, 2021 4:36am
Quoting TrickorTrade
{quote} I am short currently. Our technicals suggested bullish but since I saw H4 hitting the support as resistance I took a short. Lets see what happens
Shorts working out it seems
  • #1,748
  • Nov 22, 2021 4:39am Nov 22, 2021 4:39am
Loss taken for the day
  • #1,749
  • Nov 22, 2021 4:48am Nov 22, 2021 4:48am
Quoting aeternum
{quote} Based on price action so far, it looks like we have the chance to push lower towards 1835 for now. 38.2 fib lies at 1831.91 which also lies with various other past resistances. Should it break 1831 and re-enter Earth's atmosphere, I won't be surprised to see 1821 to 1813 tested as well but that's still a long shot away. Eyes on 1832-1835 for now.
I agree, I am on a short to 1825
  • #1,750
  • Nov 22, 2021 6:12am Nov 22, 2021 6:12am
i am a long to 1850
Lost in Narrative
  • #1,751
  • Nov 22, 2021 6:22am Nov 22, 2021 6:22am
Quoting R4sh
i am a long to 1850
Why? structure is bearish
  • #1,752
  • Nov 22, 2021 6:59am Nov 22, 2021 6:59am
Quoting TrickorTrade
{quote} Why? structure is bearish
There was a retracement when he said that...probably why
  • #1,753
  • Nov 22, 2021 7:36am Nov 22, 2021 7:36am
Gold melting holding shorts since london
  • #1,754
  • Nov 22, 2021 8:02am Nov 22, 2021 8:02am
Quoting aeternum
{quote} Should it break 1831 and re-enter Earth's atmosphere, I won't be surprised to see 1821 to 1813 tested as well but that's still a long shot away. Eyes on 1832-1835 for now.
Its at 1829 now, almost in your "atmosphere"
  • #1,755
  • Nov 22, 2021 8:06am Nov 22, 2021 8:06am
Quoting TraderGokul
Yes ..it's best opportunity to sell gold.Try to get better entry.Use proper risk management.
My analysis on fire.Pure price action always wins.....Hope you guys took the trade.
  • #1,756
  • Nov 22, 2021 8:06am Nov 22, 2021 8:06am
Quoting Kefada
{quote} Its at 1829 now, almost in your "atmosphere"
Well it's breaking into 1829 pretty strong. Looks like sellers are stepping back in, but don't forget about December seasonals for gold. We may be getting a retracement here for another bounce to the moon again. 1H and 4H are starting to get oversold, looks good for buys.
A 1 pip gain is better than a 1 pip loss.
  • #1,757
  • Nov 22, 2021 8:07am Nov 22, 2021 8:07am
Holding shorts!! Powell re-elected usd bullish lets see till how long
  • #1,758
  • Nov 22, 2021 8:13am Nov 22, 2021 8:13am
Quoting aeternum
{quote} Well it's breaking into 1829 pretty strong. Looks like sellers are stepping back in, but don't forget about December seasonals for gold. We may be getting a retracement here for another bounce to the moon again. 1H and 4H are starting to get oversold, looks good for buys.
Exactly and tomorrow's option expiry causes these kind of moves. Silver and platinum are flat..
  • #1,759
  • Nov 22, 2021 8:18am Nov 22, 2021 8:18am
Going long ~1820$. Stoploss 1799 and targets 1870, 1900 and 1917.
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  • #1,760
  • Nov 22, 2021 8:22am Nov 22, 2021 8:22am
Quoting aeternum
{quote} Well it's breaking into 1829 pretty strong. Looks like sellers are stepping back in, but don't forget about December seasonals for gold. We may be getting a retracement here for another bounce to the moon again. 1H and 4H are starting to get oversold, looks good for buys.
We've smashed right into the 50 retracement (1817.96) of 1758.82 to 1877.09. Sellers still looking pretty strong. Possibly going straight to 1807.91. 61.8 retracement lies at 1804 currently... But if we just keep going down, looks like we might have a fresh impulsive down move instead. Time to see how seasonals play out
A 1 pip gain is better than a 1 pip loss.
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