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  • #2,061
  • Dec 28, 2021 5:55am Dec 28, 2021 5:55am
Quoting waseeqali11
Hardly anyone talks here. Is there any other legit/official forum or chat with more active members?
It's a holiday week. Most banks are on holiday. Most traders are taking a break.

Not sure what you mean by legit/official forum. This forum is pretty legit/official
A 1 pip gain is better than a 1 pip loss.
  • #2,062
  • Dec 28, 2021 6:13am Dec 28, 2021 6:13am
I think this daily cycle is going to fail and looking short opportunity around 1830 area (0.618 fibo). Had to cancel my bullish view since weakness in metals. If dollar starts its declining phase and we get back to 95, I think 2022 is gold bugs year. Before that looking for short term decline (short term I mean 60 days)
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  • #2,063
  • Dec 29, 2021 2:36am Dec 29, 2021 2:36am
Quoting waseeqali11
Hardly anyone talks here. Is there any other legit/official forum or chat with more active members?
Most of us traders are off. We usually donot trade last week. Wait till Jan
  • #2,064
  • Dec 29, 2021 2:44am Dec 29, 2021 2:44am
#GOLD / H4
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  • #2,065
  • Edited 8:43pm Dec 29, 2021 4:55am | Edited 8:43pm
Gold having a surge down, broke 1800 and now back at 1794.

For up trend, we shouldn't see a close below 1787. Ideally we want prices to bounce 1791-1793 and go towards 1825-1830
A 1 pip gain is better than a 1 pip loss.
  • #2,066
  • Dec 29, 2021 5:18am Dec 29, 2021 5:18am
Quoting aeternum
Gold having a surge down, broke 1800 and now back at 1794. For up trend, we shouldn't see a close below 1787. Ideally we want prices to bounce 1791-1793 and go towards 1725-1730
I think you mean 1825-1830
Observation is the path to discovery.
  • #2,067
  • Dec 29, 2021 8:06am Dec 29, 2021 8:06am
that's interesting, that we can see the same together. The problem is: If we can see it, then shark also see it. So far, is there any big bite of shark for killing us ?
  • #2,068
  • Dec 29, 2021 8:43pm Dec 29, 2021 8:43pm
Quoting Alorente
{quote} I think you mean 1825-1830
Ah yes sorry. Hit the wrong digits. We saw a pretty decent bounce so far from 1790 but we got capped at 1805 support turned resistance and price is starting to turn lower. Breaking 1785 would be significantly poor for the bullish outlook.
A 1 pip gain is better than a 1 pip loss.
  • #2,069
  • Dec 30, 2021 6:18am Dec 30, 2021 6:18am
Good example of what they can do with thin markets - it's a great opportunity for chart painting so enjoy the theatrics.
  • #2,070
  • Dec 30, 2021 10:20am Dec 30, 2021 10:20am
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  • #2,071
  • Dec 31, 2021 10:05am Dec 31, 2021 10:05am
Quoting sboy.s63
{quote} update {image}
update
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  • #2,072
  • Dec 31, 2021 11:00am Dec 31, 2021 11:00am
Hi!
Meaning that, the price will go down or we se towards 1835.
  • #2,073
  • Dec 31, 2021 3:31pm Dec 31, 2021 3:31pm
Quoting aeternum
{quote} Ah yes sorry. Hit the wrong digits. We saw a pretty decent bounce so far from 1790 but we got capped at 1805 support turned resistance and price is starting to turn lower. Breaking 1785 would be significantly poor for the bullish outlook.
Hi, Well predicted 1830 on the cards.. what is your current view on Gold? Will it still go up ?
  • #2,074
  • Dec 31, 2021 3:39pm Dec 31, 2021 3:39pm
Quoting forkstrader
{quote} Hi, Well predicted 1830 on the cards.. what is your current view on Gold? Will it still go up ?
That's mean Gold Down Trend started on January 2022.

I'll SELL GOLD on Monday.
  • #2,075
  • Dec 31, 2021 8:15pm Dec 31, 2021 8:15pm
Quoting aeternum
Gold having a surge down, broke 1800 and now back at 1794. For up trend, we shouldn't see a close below 1787. Ideally we want prices to bounce 1791-1793 and go towards 1825-1830
Well prices bounced from 1789/90 and hit 1830. Time to see what price does here, if it wants 1850.

Retracement first level of support comes in around 1811 based on larger time frame although 1823/24 area seems possible for a light bounce too.
A 1 pip gain is better than a 1 pip loss.
  • #2,076
  • Jan 2, 2022 1:01pm Jan 2, 2022 1:01pm
How do you guys practice trading in general not just gold, personally I use the replay tool in tradingview and then take trades like they're real time and then put my results in a spreadsheet. How do you guys do it?
  • #2,077
  • Jan 2, 2022 1:49pm Jan 2, 2022 1:49pm
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  • #2,078
  • Jan 3, 2022 4:14am Jan 3, 2022 4:14am
the Gold rate goes to the upper highs.
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  • #2,079
  • Jan 4, 2022 6:17am Jan 4, 2022 6:17am
Quoting Gocg
How do you guys practice trading in general not just gold, personally I use the replay tool in tradingview and then take trades like they're real time and then put my results in a spreadsheet. How do you guys do it?
Real time trading either with a demo or a real account just usually use much less risk/lot size.
  • #2,080
  • Jan 4, 2022 8:13am Jan 4, 2022 8:13am
Quoting Gocg
How do you guys practice trading in general not just gold, personally I use the replay tool in tradingview and then take trades like they're real time and then put my results in a spreadsheet. How do you guys do it?
Funny thing is I donot back test. I call it forward testing. I used a demo account and made sure I grew the account as a live account. Trading in real time when the future candles has not printed yet trains you better to be a trader. But issue is this takes longer.
I would use combination of both if I was you and keep a journal for both types of testing.
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