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  • #8,701
  • May 28, 2023 10:58am May 28, 2023 10:58am
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Don’t focus on making $$$, focus on protecting what you have.
  • #8,702
  • May 28, 2023 11:42am May 28, 2023 11:42am
Quoting Ravenfeeder
{quote} I think it will negatively effect Gold, boost DXY, but short-lived, hence I expect a quick drop, and then buyers will step in trading will then probably only be okay'ish in Asian session, and be almost no volume in London and NY sessions. So maybe Gold will drop and stay there, and then go up on Tuesday when markets return to normal volume.

I think you are right,because at the time of news Bitcoin jumped to 27100 and after just ranged between 27300 and 27100
and usually Gold and Bit are in opposite direction!
  • #8,703
  • May 28, 2023 12:30pm May 28, 2023 12:30pm
Quoting FarbodKsh
BREAKING: President Biden and Speaker McCarthy reach a tentative deal to raise the debt ceiling; Republican leaders will discuss on a call with their members tonight, sources say hi guys, how it could effect Gold you think?
Logically, massive selloff.
But what happens..
  • #8,704
  • May 28, 2023 5:42pm May 28, 2023 5:42pm
Quoting FxSnapper
{quote} Logically, massive selloff. But what happens..
No sell-off in Aussie session.
  • #8,705
  • Edited 7:09pm May 28, 2023 6:16pm | Edited 7:09pm
I will stay with my buy position
Buy 1945 TP 1951
Buy Limit 1937
Love for all; Hatred for none.
  • #8,706
  • May 28, 2023 7:21pm May 28, 2023 7:21pm
Quoting aahmad29
I will stay with my buy position Buy 1945 TP 1951 Buy Limit 1936

I like the long but considering how early it is I am unable to gauge price action. Perhaps we will get some clarity after the first injection of volume. I have strong feeling that we are currently working the structure from March 17, therefore will be looking for long around 1935.9. I really want to see that level retested and based off that either our support is legitimate or if resistance will push us further down. On larger time frame (4H)Gold does seem to be very eager to push back up into the high 1900s.
Getting green but seldom seen
  • #8,707
  • May 28, 2023 9:07pm May 28, 2023 9:07pm
I am shorting at 1944.8. Looking for 35 pips while risking 25 pips. Willing to extend TP.
Getting green but seldom seen
  • #8,708
  • May 28, 2023 9:14pm May 28, 2023 9:14pm
Quoting Xautrucho
I am shorting at 1944.8. Looking for 35 pips while risking 25 pips. Willing to extend TP.
Ouch, missed it by a hair. Gonna test the waters again a little later. Stay Alive!
Getting green but seldom seen
  • #8,709
  • May 28, 2023 9:16pm May 28, 2023 9:16pm
Quoting Xautrucho
{quote} Ouch, missed it by a hair. Gonna test the waters again a little later. Stay Alive!
Same here, shorted from 1945 TP @ 1940
"Who Dares Wins"
  • #8,710
  • May 28, 2023 9:18pm May 28, 2023 9:18pm
Quoting Ravenfeeder
{quote} Same here, shorted from 1945 TP @ 1940
Get em!!! My paper hands didn't allow me, we'll get em together later!
Happy Trading!
Getting green but seldom seen
  • #8,711
  • May 28, 2023 9:31pm May 28, 2023 9:31pm
In M5 timeframe, triangle is generating so let’s see which direction has breakout
Love for all; Hatred for none.
  • #8,712
  • May 28, 2023 9:53pm May 28, 2023 9:53pm
Quoting aahmad29
In M5 timeframe, triangle is generating so let’s see which direction has breakout
An untested level in 1941 area pending for test and that need to be tested.Trade safe
  • #8,713
  • May 28, 2023 11:12pm May 28, 2023 11:12pm
Quoting parveenverma
{quote} An untested level in 1941 area pending for test and that need to be tested.Trade safe
There is also one untested level pending above at 1949 area of Friday. Both of the levels needs to be tested. let's see where price will reach first. We have to keep in mind that there will be no volume today in London and New York session So our trades needs to be closed before Asian close.Trade Safe
  • #8,714
  • May 29, 2023 1:46am May 29, 2023 1:46am
Good afternoon, great traders.
Today some countries are closed for holidays and no major volatility is expected in gold.
I remain bearish on the broad cycle of gold. Please check out my trading ideas.
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Just follow the trend.
  • #8,715
  • May 29, 2023 2:57am May 29, 2023 2:57am
May 29

#GOLD

Type SELL
————————————
ENTRY PRICE 1954.00

TP1 1946.00



SL 1958.00
  • #8,716
  • Edited 3:24am May 29, 2023 3:09am | Edited 3:24am
Quoting parveenverma
{quote} There is also one untested level pending above at 1949 area of Friday. Both of the levels needs to be tested. let's see where price will reach first. We have to keep in mind that there will be no volume today in London and New York session So our trades needs to be closed before Asian close.Trade Safe
They decided to test below level first. Upper untested level they left with a miner margin.My TP Hit at below level. Trade safe.
  • #8,717
  • May 29, 2023 3:19am May 29, 2023 3:19am
Quoting FxTPs
May 29 #GOLD Type SELL ———————————— ENTRY PRICE 1954.00 TP1 1946.00 SL 1958.00
Similar idea, but we may miss it.
Just follow the trend.
  • #8,718
  • May 29, 2023 3:26am May 29, 2023 3:26am
Quoting lucaswalliam
{quote} Similar idea, but we may miss it.
I hope now your entry target is possible because after upper untested level there is a liquidity zone. after test the level they can go for the liquidity grab.Trade safe
  • #8,719
  • May 29, 2023 3:29am May 29, 2023 3:29am
Quoting parveenverma
{quote} They decided to test below level first. Upper untested level they left with a miner margin.My TP Hit at below level. Trade safe.
DXY seems reluctant to rally though.
  • #8,720
  • May 29, 2023 3:42am May 29, 2023 3:42am
Quoting parveenverma
{quote}I hope now your entry target is possible because after upper untested level there is a liquidity zone. after test the level they can go for the liquidity grab.Trade safe
It's a deal I can't control.
I don't know how to adjust when the price doesn't go the way I expect.
Just follow the trend.
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