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  • #2,221
  • Feb 11, 2022 7:41am Feb 11, 2022 7:41am
Quoting Inthebox
will there be a de-escalation? another ding dong?
I think so, ding-dong again, ding-dong is trickster
  • #2,222
  • Feb 11, 2022 1:43pm Feb 11, 2022 1:43pm
The story of gold.
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD_2022-02-11_20-35-55_feddegold1.png Size: 188 KB
  • #2,223
  • Feb 11, 2022 3:50pm Feb 11, 2022 3:50pm
I hate it when they use Friday night to do their market manipulation. XAUUSD is interesting because this event may push the price up and over that diagonal overhead resistance all the way from $2074 back in August '20 (seem on erap's chart above).

It is unfortunate that the movement depends on what narrative they peddle on the news channels over the weekend - my unscientific estimate is the bullshit will flow thick and fast. I hope all you guys are managing your risk adequately in this new volatility. Be safe.
  • #2,224
  • Feb 12, 2022 1:12am Feb 12, 2022 1:12am
Quoting PercyJames
I hate it when they use Friday night to do their market manipulation. XAUUSD is interesting because this event may push the price up and over that diagonal overhead resistance all the way from $2074 back in August '20 (seem on erap's chart above). It is unfortunate that the movement depends on what narrative they peddle on the news channels over the weekend - my unscientific estimate is the bullshit will flow thick and fast. I hope all you guys are managing your risk adequately in this new volatility. Be safe.
Yesterday news was a real bummer for me.. I hold many shorts on Gold with decent capital to hold ofcourse. Lets see how it turns out next week.
  • #2,225
  • Feb 12, 2022 5:34am Feb 12, 2022 5:34am
Quoting Inthebox
will there be a de-escalation? another ding dong?
If we take a look 2 years ago prior to COVID, the attack on a US base in Iran caused gold to spike up very strongly and COVID was basically fuel to fire.

My thoughts are that right now there are no actual attacks happening, it has been only talks and reports. I believe US and Russia respect each other a lot in the sense that because they are such huge super powers, they both fear what they can do to each other, and Russia is probably aware of the implications if it does attack Ukraine, US will definitely not sit back and watch.

Of course, Russia could just ignore that entirely and simply does whatever it wants to do. Russia probably feels very confident having China behind their back and may not be concerned about the US.

I feel that the only way to look at this right now is to buy gold and yen if a war does break loose. But if Russia decides to take another approach and not invade, we may see gold fall. But right now, technical analysis is probably going to be the last thing to use to analyze the markets right now. We can clearly see what happened hours before the markets closed when reports came out. Whether it be market manipulation or actual movements due to the reports, any technical resistance and support levels at this stage are not being properly respected

Edit: Let's not forget that US, EU and UK are probably regions that Russia needs to respect when it comes to economic sanctions. If we do not see any invasion next week with Russia choosing to de-escalate the situation, Gold would most definitely drop next week
A 1 pip gain is better than a 1 pip loss.
  • #2,226
  • Feb 12, 2022 7:21am Feb 12, 2022 7:21am
Quoting aeternum
{quote} I feel that the only way to look at this right now is to buy gold and yen if a war does break loose. But if Russia decides to take another approach and not invade, we may see gold fall. But right now, technical analysis is probably going to be the last thing to use to analyze the markets right now. We can clearly see what happened hours before the markets closed when reports came out. Whether it be market manipulation or actual movements due to the reports, any technical resistance and support levels at this stage are not being properly...
thank you for your comments.
the news came in before new york open. it shot up but were quickly brought back down to london low. then it went up during new york session ever since.

as i do not know what will actually happen going forward, i can only speak technically.
it all boil down to how individuals trade gold.
how one manage risk and money management, not forgetting how volatile it is.
it is usual to range up down more than 60 pips. a double edge sword.

for those who put through short with big lot size expecting 2 digits return with no stop loss, it will be in a sorry state now.
on the other hand for those who put through small lot size probably still can hold quite well, going into damage control.
in some way it can be advantageous if one can trade both ways hedging.
if one still trade one way short, it will be prudent to trade discretely making lesser trades.
not to trade it all the way down to london low but to take small profit and find opportunities to short again.
ITB - Seeing Orderliness amongst 'Randomness'
  • #2,227
  • Feb 12, 2022 12:51pm Feb 12, 2022 12:51pm
Quoting erap
The story of gold. {image}
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  • #2,228
  • Feb 13, 2022 7:16am Feb 13, 2022 7:16am
Quoting erap
{quote} {image}
Agree, mid term and long term is bullish but short term is bearish Maybe 2-3 day retracment before up again
  • #2,229
  • Feb 13, 2022 7:22am Feb 13, 2022 7:22am
According to the astrological factors, it is expected that at the specified times, their repetition in the relevant time and the Win rate in these times, the GOLD will form a minor or major pivot. 14Feb 2022--------19Feb 2022 GMT +3:30

Win Rate : Related to events in the last 20 years
Repetition: The number of times deifferent events were simultaneous

Attached Image (click to enlarge)
Click to Enlarge Name: B6DAF215-B293-4B6A-A27F-56066E04A4A5.jpeg Size: 227 KB
Attached File(s)
File Type: pdf Gold 14 FEB 18 FEB 2022.pdf   53 KB | 457 downloads
  • #2,230
  • Feb 13, 2022 7:27am Feb 13, 2022 7:27am
Quoting skzand
According to the astrological factors, it is expected that at the specified times, their repetition in the relevant time and the Win rate in these times, the GOLD will form a minor or major pivot. 07Feb 2022--------11Feb 2022 GMT +3:30 Win Rate : Related to events in the last 20 years Repetition: The number of times deifferent events were simultaneous {image}{image}
07Feb 2022--11 Feb 2022
GMT +03:30
GOLD
30 minute time frame for the trade.
Correct : 6
False : 3
Unstable reaction : 2
(Unstable reaction is also considered False )
Total : 11
Attached Image (click to enlarge)
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  • #2,231
  • Feb 13, 2022 5:29pm Feb 13, 2022 5:29pm
Sell limit 1864, tp 1845-1848
  • #2,232
  • Edited 8:25pm Feb 13, 2022 7:23pm | Edited 8:25pm
Quoting peace1234
Sell limit 1864, tp 1845-1848
Cancel sell limit, sell @1858, tp 1852
  • #2,233
  • Feb 13, 2022 8:01pm Feb 13, 2022 8:01pm
You're selling @ 1858? Brave I would say, in this, but good luck. Currently about that, 1858/9.
"Don't Shoot Me I'm Only the Piano Player"
  • #2,234
  • Feb 13, 2022 8:20pm Feb 13, 2022 8:20pm
Quoting yani38
You're selling @ 1858? Brave I would say, in this, but good luck. Currently about that, 1858/9.
Yes i’m selling @1858, thanks dude
  • #2,235
  • Feb 13, 2022 8:28pm Feb 13, 2022 8:28pm
Quoting peace1234
{quote} Yes i’m selling @1858, thanks dude
That's OK, here's an interesting chart, if interested.

Attached Image (click to enlarge)
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"Don't Shoot Me I'm Only the Piano Player"
  • #2,236
  • Feb 13, 2022 9:00pm Feb 13, 2022 9:00pm
break support if there's going to be de escalation of war.
Attached Image (click to enlarge)
Click to Enlarge Name: 2022-02-14.png Size: 13 KB
ITB - Seeing Orderliness amongst 'Randomness'
  • #2,237
  • Feb 13, 2022 9:02pm Feb 13, 2022 9:02pm
Quoting yani38
{quote} That's OK, here's an interesting chart, if interested. {image}
Thanks dude, understood, mid term is bullish, bearish just for short term maybe 2 day
  • #2,238
  • Feb 13, 2022 9:19pm Feb 13, 2022 9:19pm
Quoting peace1234
{quote} Cancel sell limit, sell @1858, tp 1852
Done, closed
  • #2,239
  • Edited 11:30pm Feb 13, 2022 9:21pm | Edited 11:30pm
Reload Sell limit @ 1861
  • #2,240
  • Feb 13, 2022 9:33pm Feb 13, 2022 9:33pm
Quoting peace1234
{quote} Done, closed
Certainly is a nervous market, particularly at this time, trading strategies seem to chop and change like Melbourne weather : ) Hope you made a bit out of it buddy.
"Don't Shoot Me I'm Only the Piano Player"
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