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  • #3,401
  • Sep 15, 2022 9:53am Sep 15, 2022 9:53am
Quoting rajupadala
{quote} it' broken very badly
now i feel 1666 is the support
  • #3,402
  • Sep 15, 2022 9:57am Sep 15, 2022 9:57am
Quoting rajupadala
{quote} it' broken very badly
Indeed. Did not expected this force today. Maybe they wanted to destroy this support area.
  • #3,403
  • Sep 15, 2022 9:59am Sep 15, 2022 9:59am
Luckily I closed my long position at BE and put Buy limit @1669 and it got trigger so now wait and see what happen. I will hold all my position. Closed one short position with profit but now I am worried that I have to hold my positions for longer time and I can only play with short positions.
1684-1672

As I mentioned before about H4 candle on Aug 2021 that low of that candle was 1669 so I will wait for H4 candle to close below this price and then will add more short positions.
Love for all; Hatred for none.
  • #3,404
  • Sep 15, 2022 10:09am Sep 15, 2022 10:09am
Quoting aahmad29
Luckily I closed my long position at BE and put Buy limit @1669 and it got trigger so now wait and see what happen. I will hold all my position. Closed one short position with profit but now I am worried that I have to hold my positions for longer time and I can only play with short positions. 1684-1672 As I mentioned before about H4 candle on Aug 2021 that low of that candle was 1669 so I will wait for H4 candle to close below this price and then will add more short positions.

You got the chance to close it.

But it looks like it found support above 1660 for today.
  • #3,405
  • Sep 15, 2022 10:10am Sep 15, 2022 10:10am
Quoting rajupadala
{quote} now i feel 1666 is the support
1664 is the support now.. it is break then there is a chance to see 1570.... and that's so scary
  • #3,406
  • Sep 15, 2022 10:13am Sep 15, 2022 10:13am
I should stay and let it run, but not regret it as I made a target ...
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDM1.png Size: 34 KB
Make your own rules and stick to it.
  • #3,407
  • Sep 15, 2022 10:21am Sep 15, 2022 10:21am
Quoting rajupadala
{quote} 1664 is the support now.. it is break then there is a chance to see 1570.... and that's so scary

Why scary. Do you have a lot of real gold
  • #3,408
  • Sep 15, 2022 11:06am Sep 15, 2022 11:06am
Quoting azizk20
{quote} In current scenario selling rallies caused by some news items or technical reasons, is a good idea. With hawkish fed and supporting cpi numbers, odds are more in favour of a big drop from here on, which may happen anytime.
Nice to watch gold dropping nicely as expected. There still room for further downside
  • #3,409
  • Sep 15, 2022 11:29am Sep 15, 2022 11:29am
Quoting Eren10
{quote} You got the chance to close it. But it looks like it found support above 1660 for today.
I added position @1683 and then realized that drop is coming so I exit that position. Then I added short position @1684 and next few minutes price hit TP @1672

I added long positions @1669 and will hold that position.
Love for all; Hatred for none.
  • #3,410
  • Sep 15, 2022 11:38am Sep 15, 2022 11:38am
It looks like the bull trend is over above 1683
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #3,411
  • Sep 15, 2022 12:59pm Sep 15, 2022 12:59pm
Quoting ForexGoose
It looks like the bull trend is over above 1683

Lows of 1600 before the interest rate decision maybe. There it can bounce I guess.
  • #3,412
  • Sep 15, 2022 1:39pm Sep 15, 2022 1:39pm
maybe there will be a period of consolidation before a drop to the low 1600s

i will sell any rallies towards 1680

Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD_2022-09-15_14-38-25.png Size: 34 KB

the chart also shows that Gold can get to the 1450s, which would retrace the pandemic rally

Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD_2022-09-15_14-42-22.png Size: 34 KB
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #3,413
  • Sep 15, 2022 8:32pm Sep 15, 2022 8:32pm
Don't forget, gold is a hedge against inflation

How is that working this time around?

Attached Image (click to enlarge)
Click to Enlarge Name: 2022-09-16_11-26-38.jpg Size: 356 KB
It takes a lot for me to IGNORE you, but you can try.
  • #3,414
  • Sep 15, 2022 9:27pm Sep 15, 2022 9:27pm
I think target 1585
  • #3,415
  • Sep 15, 2022 9:28pm Sep 15, 2022 9:28pm
Quoting Erebus
Don't forget, gold is a hedge against inflation How is that working this time around? {image}
Gold engagement rings are inflated in price
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #3,416
  • Sep 16, 2022 8:06am Sep 16, 2022 8:06am
pre-market stocks are doing bad already, but there is red data at 10:00am EST that is released and it could reverse stocks, gold, and the dollar

Prelim UoM Consumer Sentiment
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 16 KB
Click to Enlarge Name: XAUUSD_2022-09-16_09-07-21.png Size: 33 KB
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #3,417
  • Sep 16, 2022 8:44am Sep 16, 2022 8:44am
sold from 1659 before the news, stop loss above 1680, target is the lows of 1600

could be a good or bad decision, I flipped a coin
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #3,418
  • Sep 16, 2022 8:49am Sep 16, 2022 8:49am
Quoting ForexGoose
sold from 1659 before the news, stop loss above 1680, target is the lows of 1600 could be a good or bad decision, I flipped a coin
Today I think lows could be 1652 or 1646.

Where can be bought maybe.
  • #3,419
  • Sep 16, 2022 8:57am Sep 16, 2022 8:57am
gold today target 1677 big support 1654/57
  • #3,420
  • Sep 16, 2022 9:09am Sep 16, 2022 9:09am
gold resistance area 1677 if they borke next target is 1735
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