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  • #1,961
  • Dec 15, 2021 10:22am Dec 15, 2021 10:22am
What makes you think it's going to go up. All indications to me on an H4 H2 H1 and M15 show a downward trend. For some reason, I think this DEC-Jan Bullish trend is just a hoax. I believe there was a downtrend during the same period either in 2019 or 2020.
  • #1,962
  • Edited 11:07am Dec 15, 2021 10:40am | Edited 11:07am
Quoting waseeqali11
What makes you think it's going to go up. All indications to me on an H4 H2 H1 and M15 show a downward trend. For some reason, I think this DEC-Jan Bullish trend is just a hoax. I believe there was a downtrend during the same period either in 2019 or 2020.
that's the problem in your sentence ( indications ) do you want to make money / you have to be able to see matrix meaning to see naked chart do you self a favor don't look at indicators
  • #1,963
  • Dec 15, 2021 11:05am Dec 15, 2021 11:05am
Quoting sergo
{quote} that's the problem in your sentence ( indicators ) do you want to make money / you have to be able to see matrix meaning to see naked chart do you self a favor don't look at indicators

At the moment I just looking at price action and candlestick formations. No reversal CS formed on any timeframe in my opinion. When do you suspect a reversal to happen? At which Price level?
  • #1,964
  • Dec 15, 2021 11:15am Dec 15, 2021 11:15am
dow theory and gann...especially gann
  • #1,965
  • Dec 15, 2021 11:35am Dec 15, 2021 11:35am
Quoting waseeqali11
{quote} At the moment I just looking at price action and candlestick formations. No reversal CS formed on any timeframe in my opinion. When do you suspect a reversal to happen? At which Price level?
yes me to look at the price action but today is very tricky because of idiots on the hill she will Spike I see potential in one minute
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  • #1,966
  • Dec 15, 2021 11:36am Dec 15, 2021 11:36am
Iif it was any other day without them talking or news this set up is golden
  • #1,967
  • Dec 15, 2021 11:37am Dec 15, 2021 11:37am
Quoting waseeqali11
What makes you think it's going to go up. All indications to me on an H4 H2 H1 and M15 show a downward trend. For some reason, I think this DEC-Jan Bullish trend is just a hoax. I believe there was a downtrend during the same period either in 2019 or 2020.
Yes, there was a down trend in 2012 and 2020 in the past 15 years. There is no hoax. It's all a game of probabilities.

No one can predict if it can go up or down and whoever says they can are probably taking you on for a real good ride.

But if you look at probabilities, chances of there being a bullish Dec-Jan is almost 90%. But I agree with you, there is no price action indicating any buys right now. In fact I also agree that if anything, price looks like it wants to fall off the cliff. But then again we have news coming up, so anything can happen. It's good to have a bias but only act on it when markets say "We are heading in the same direction!". Otherwise it's all gambling.
A 1 pip gain is better than a 1 pip loss.
  • #1,968
  • Dec 15, 2021 11:49am Dec 15, 2021 11:49am
Quoting aeternum
{quote} Yes, there was a down trend in 2012 and 2020 in the past 15 years. There is no hoax. It's all a game of probabilities. No one can predict if it can go up or down and whoever says they can are probably taking you on for a real good ride. But if you look at probabilities, chances of there being a bullish Dec-Jan is almost 90%. But I agree with you, there is no price action indicating any buys right now. In fact I also agree that if anything, price looks like it wants to fall off the cliff. But then again we have news coming up, so anything...

When's the news coming out? I don't follow fundamentals so I don't have any idea about any news. Also, what's it about?
  • #1,969
  • Dec 15, 2021 11:50am Dec 15, 2021 11:50am
II would love to see silver at $19 that's worth weekly price action shows also daily price action shows at 20 , I think it's time for crystal ball
  • #1,970
  • Dec 15, 2021 11:57am Dec 15, 2021 11:57am
if JPY WILL do this that means down more for silver and gold
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  • #1,971
  • Dec 15, 2021 12:06pm Dec 15, 2021 12:06pm
Quoting waseeqali11
{quote} When's the news coming out? I don't follow fundamentals so I don't have any idea about any news. Also, what's it about?
News will be out in around an hour's time. If you go to the home page, you will see a calendar with the list of market events. You can read more about it there.
A 1 pip gain is better than a 1 pip loss.
  • #1,972
  • Dec 15, 2021 12:07pm Dec 15, 2021 12:07pm
It kind of makes sense now for me JPY AND SILVER Price action together Will be my entrance
  • #1,973
  • Dec 15, 2021 12:12pm Dec 15, 2021 12:12pm
Quoting aeternum
{quote} News will be out in around an hour's time. If you go to the home page, you will see a calendar with the list of market events. You can read more about it there.

Thanks. Just read it. What's the relationship between inflation and gold? inverse or direct? Essentially that's all the meetings about how to curb the rising IR.
  • #1,974
  • Dec 15, 2021 12:14pm Dec 15, 2021 12:14pm
Quoting waseeqali11
{quote} Thanks. Just read it. What's the relationship between inflation and gold? inverse or direct? Essentially that's all the meetings about how to curb the rising IR.
I will suggest you google all those information, everything is easily available on the web.
A 1 pip gain is better than a 1 pip loss.
  • #1,975
  • Dec 15, 2021 12:27pm Dec 15, 2021 12:27pm
Doe's anyone has FOM
  • #1,976
  • Dec 15, 2021 12:39pm Dec 15, 2021 12:39pm
The way things are going I believe bulls won't be too happy. In my opinion, if gold breaks past 1762 we have a very very strong downtrend. Literally, nothing is pointing towards a reversal ATM. Just how strong do you guys think this news could be?
  • #1,977
  • Dec 15, 2021 12:45pm Dec 15, 2021 12:45pm
Quoting aeternum
{quote} Price has closed below 1770 but buyers are coming in from 1767. We are currently limited by 1770.7 region, shown in attached image on 15 min chart. If you look at 1H, you will notice the past 2 hours has bullish movement but long wicks on the top, indicating that there are still sellers keen on selling here. On the 4H, we can see a little doji formed, there is still no indication of buying on the 4H, I would prefer to see the next 4H show a decent bullish candle but it is likely we won't get much action until the news. It is very critical...
Prices are crawling to 1762. We are now at a level that has been tested multiple times in the past and proved to be decent support. A break of this support may lead us straight to 1726/7, there may be a stop in between around 1750. There are still no signs of bullishness. Time to hear what J Powell has to say and whether market expectations are right or not
A 1 pip gain is better than a 1 pip loss.
  • #1,978
  • Dec 15, 2021 1:11pm Dec 15, 2021 1:11pm
I can't believe 1762 is still holding strong. LOL. Where's this going to go now? Anxietys killing me
  • #1,979
  • Dec 15, 2021 1:19pm Dec 15, 2021 1:19pm
Quoting waseeqali11
I can't believe 1762 is still holding strong. LOL. Where's this going to go now? Anxietys killing me
Its rejected the NOV lows. but to early to say
  • #1,980
  • Dec 15, 2021 1:19pm Dec 15, 2021 1:19pm
Quoting aeternum
{quote} Prices are crawling to 1762. We are now at a level that has been tested multiple times in the past and proved to be decent support. A break of this support may lead us straight to 1726/7, there may be a stop in between around 1750. There are still no signs of bullishness. Time to hear what J Powell has to say and whether market expectations are right or not
News came out as expected with a slightly hawkish tone due to high inflation.

Gold briefly peeked below 1762 and tapped 1753 before staging quite the rally. It would be prudent to take note of the close of the current 4H and daily candles to see what may come next. We still have 1788-1790 resistance up above before 1800 to 1808 if we want to see any strong buying coming in.

I am not optimistic on gold any further because of how hawkish the Fed is right now. Whether there is any seasonal bullishness or not. I believe it is clear that the market has been trending down consistently. Any failure of new highs would likely lead to further and reload of selling of gold. We may see some retracement from here, but I'd be looking for places to short from rather than places to buy from.
A 1 pip gain is better than a 1 pip loss.
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