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  • #9,321
  • Jun 7, 2023 8:31pm Jun 7, 2023 8:31pm
Hi All! Good Morning from India. As I have mentioned in my previous post Hourly TF has become funky these days. While price are trying to hold trend direction Hourly make a huge pump and dump. Until long term untested level in 2002-2006 is not tested we will face such issues. So better to focus on 4H & Daily levels to predict Gold and I will prefer only small scalp and time to time profit booking at present.Today a retracement day possibly after yesterday's directional move. I am expecting to price move up to 1961-1962 area first before any downward move.I am not mentioning Hourly levels of the way today because not stability of Hourly TF. So today's imp levels can become 1920,1932,1938,1944,1952,1958,1965 that can create hurdle the way of our profit.Trade safe
  • #9,322
  • Jun 7, 2023 9:02pm Jun 7, 2023 9:02pm
im out at 46..not gona mess around
short trump and go long the deepstate
  • #9,323
  • Jun 7, 2023 11:24pm Jun 7, 2023 11:24pm
Hi, all. I am new in gold trading. I wanted to learn from all of you, I just signed up a DEMO account (OANDA) for trading gold.

My currently trading method is simple, just use the support/resistance. Will learn more from here.

From the daily chart, it break the trendline, possible to drop further to 1900 range.
Attached Image (click to enlarge)
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  • #9,324
  • Jun 8, 2023 12:41am Jun 8, 2023 12:41am
H4 with DeMark's WPP & Donchain&Keltner Channels.., (just for fun(?))
Attached Image (click to enlarge)
Click to Enlarge Name: XAU_USD 08 06 0 a.png Size: 36 KB

charting with fxstreet
gold tested already two times DeMark's WS1:1940.79 & or...1939.77(my indy)
dolce vita
  • #9,325
  • Jun 8, 2023 1:04am Jun 8, 2023 1:04am
Now H4 Doji candle has presented itself, are we gonna see a dip today?

M15 and M30 trendline broke below
  • #9,326
  • Jun 8, 2023 1:09am Jun 8, 2023 1:09am
Daily with Ichi.., (levels are written down)
Attached Image (click to enlarge)
Click to Enlarge Name: XAU_USD-1 08 06 0 b.png Size: 29 KB

charting with fxstreet
very simple.., or fall (DOWN) from the cloud.., or make all the way UP
dolce vita
  • #9,327
  • Jun 8, 2023 1:23am Jun 8, 2023 1:23am
If it didn't break below, then we are gonna be prolly waiting

Let's hope it breaks
Attached Image (click to enlarge)
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  • #9,328
  • Jun 8, 2023 1:28am Jun 8, 2023 1:28am
If 1948 will hold strongly then price will target 1903-1897 today or tomorrow.I may be wrong but I mostly found during my FIBO trading that if 23.6% of fibo retracement level hold strongly and price reversed from there then the price react aggressively and target 423.6% to 461.8% fibo level of that 23.6% retracement. I found it 90% times positive results during my trading. Trade safe
  • #9,329
  • Jun 8, 2023 1:31am Jun 8, 2023 1:31am
Quoting parveenverma
If 1948 will hold strongly then price will target 1903-1897 today or tomorrow.I may be wrong but I mostly found during my FIBO trading that if 23.6% of fibo retracement level hold strongly and price reversed from there then the price react aggressively and target 423.6% to 461.8% fibo level of that 23.6% retracement. I found 90% times positive results during my trading of this scenario. Trade safe
Edit: This can work only if price not crossed above 1948 today if crossed then we have to wait for 1961-1962 area for further drop.
  • #9,330
  • Jun 8, 2023 1:34am Jun 8, 2023 1:34am
Quoting parveenverma
If 1948 will hold strongly then price will target 1903-1897 today or tomorrow.I may be wrong but I mostly found during my FIBO trading that if 23.6% of fibo retracement level hold strongly and price reversed from there then the price react aggressively and target 423.6% to 461.8% fibo level of that 23.6% retracement. I found it 90% times positive results during my trading. Trade safe
would you be so kind to show 23.6% fib.retrac. you have mentioned
thank you
dolce vita
  • #9,331
  • Jun 8, 2023 1:44am Jun 8, 2023 1:44am
H4 with PPs&Stoch
Attached Image (click to enlarge)
Click to Enlarge Name: goldmicro-h4-xm-global-limited 08 06 0 c.png Size: 25 KB

I'd like to mention that
Stoch shows divergence and..,
doji has appeared on my H4 chart
dolce vita
  • #9,332
  • Jun 8, 2023 1:49am Jun 8, 2023 1:49am
Quoting babayaga
{quote} would you be so kind to show 23.6% fib.retrac. you have mentioned thank you
Sure Dear! Here it is
Attached Image (click to enlarge)
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  • #9,333
  • Jun 8, 2023 1:51am Jun 8, 2023 1:51am
Quoting parveenverma
{quote} Sure Dear! Here it is {image}
Too many lines make the deal more complicated, pardon me, I do.
Just follow the trend.
  • #9,334
  • Jun 8, 2023 1:53am Jun 8, 2023 1:53am
Quoting babayaga
H4 with PPs&Stoch {image} I'd like to mention that Stoch shows divergence and.., doji has appeared on my H4 chart
hmm, do you think H4 will try to retest and if failed end up in buy?
  • #9,335
  • Jun 8, 2023 1:54am Jun 8, 2023 1:54am
Quoting parveenverma
{quote} Sure Dear! Here it is {image}
thank you indeed
dolce vita
  • #9,336
  • Jun 8, 2023 1:55am Jun 8, 2023 1:55am
Quoting babayaga
H4 with PPs&Stoch {image} I'd like to mention that Stoch shows divergence and.., doji has appeared on my H4 chart
Yes Dear.....I may be wrong and you may be right. Actually I do not use indicators and totally rely on Fibo Tool for my trading. So what I see on my chart I share it here.Trade safe
  • #9,337
  • Jun 8, 2023 2:02am Jun 8, 2023 2:02am
Quoting lucaswalliam
{quote} Too many lines make the deal more complicated, pardon me, I do.
You are right dear.......these all lines you watch on my chart are only fibo level of all time frames from Hourly to Monthly. Because I use only fibo tool for trading so it has become daily routine for me and I not feel complications with these levels because I am getting positive results from it. I update my only Hourly levels daily,4H weekly and weekly and monthly yearly basis.Trade safe
  • #9,338
  • Jun 8, 2023 2:16am Jun 8, 2023 2:16am
Quoting parveenverma
{quote} Yes Dear.....I may be wrong and you may be right. Actually I do not use indicators and totally rely on Fibo Tool for my trading. So what I see on my chart I share it here.Trade safe
dear parveenverma,
I think we are here to share our view, not to "be right or wrong"

here is my fib, 9% retracement..,
H1, ichi, fib (HL this week)
Attached Image (click to enlarge)
Click to Enlarge Name: goldmicro-h1-xm-global-limited 08 06 0 d.png Size: 25 KB

9% retracement could lead to 61.8%.., invalid if "0" point is broken

P.S. about indy.., I have ADX to see if it's trend, Stoch that I pay attention to.., then "range bar" chart
and I trade from M1 ichi chart
and.., yes, I draw fib, tl, wolfe wave pattern...
I think I have mentioned all my arsenal
dolce vita
  • #9,339
  • Edited 3:06am Jun 8, 2023 2:46am | Edited 3:06am
Quoting lucaswalliam
{quote} Too many lines make the deal more complicated, pardon me, I do.
I hope you are joking
...because not so long ago I received message about how looks my chart.., and I responded..,
https://www.forexfactory.com/thread/...2#post14403642
...and not because I am womxn.., but our chart are like "our kids".., .., who have a right to say "they are ugly".., or "complicated" or "maze"
no one(!)

thank you for appreciating my view

P.S. would we be constructive with critique instead of...
dolce vita
  • #9,340
  • Edited 3:12am Jun 8, 2023 2:56am | Edited 3:12am
Quoting jayvicious
{quote} hmm, do you think H4 will try to retest and if failed end up in buy?
imo, if this TL won't be broken today(?!) we can see "THE HUGE MOVE UP"
H4
Attached Image (click to enlarge)
Click to Enlarge Name: goldmicro-h4-xm-global-limited 08 06 0 e.png Size: 21 KB

dolce vita
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