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  • #13,201
  • Jul 23, 2023 1:27am Jul 23, 2023 1:27am
Quoting parveenverma
{quote} Daily Bias Update...... Bulls Target 2049 Bears Target 1945 So Watch the price action closely the price action and decide your trade entry.Happy Trading to All Edit: Most of traders can disagree with this Bias but my chart is displaying this. Different brokers can have different charts.Although there can not be more price difference but on Daily/weekly/Monthly TF can change the bias of different traders because of this miner difference.
While I have quoted it that time Gold was very Bullish and then it suddenly change it's bias(I have also quote this change of bias) and start running to target 1945 and now it's very close to this target but price start reacting at a 4H key level as well as an Daily Untested level. If price starts rising from here then the Bulls can try to reach 1987 first and then 2004 and 2049 maximum. Bears are struggling at this key level....if succeed to cross this hurdle then 1945 first and then can directly attack to 1902. So price is crawling in a very very sensitive zone be care full and trade safe.
  • #13,202
  • Jul 23, 2023 1:50am Jul 23, 2023 1:50am
Quoting parveenverma
{quote} While I have quoted it that time Gold was very Bullish and then it suddenly change it's bias(I have also quote this change of bias) and start running to target 1945 and now it's very close to this target but price start reacting at a 4H key level as well as an Daily Untested level. If price starts rising from here then the Bulls can try to reach 1987 first and then 2004 and 2049 maximum. Bears are struggling at this key level....if succeed to cross this hurdle then 1945 first and then can directly attack to 1902. So price is crawling in...
Could it be possible for the price to go down even further due to another rate hike of up to 7% expected on the 26th? This might give the bears a reason to push the price down and establish a downtrend, right?.
  • #13,203
  • Jul 23, 2023 2:24am Jul 23, 2023 2:24am
Quoting Fx3423454
You guys ready for the Crypto and Gold collapse? Should be fun to watch!
Forever bearish on gold my good sir, bring it on!

https://www.dailyfx.com/news/us-doll...-20230723.html
  • #13,204
  • Jul 23, 2023 2:41am Jul 23, 2023 2:41am
Quoting saisadhan
Is this reliable? Anyone give me clarification pls. {image}
some of this might help you Just take your time with it
Attached File(s)
File Type: pdf MACD Trend Following Strategy (2).pdf   1.6 MB | 361 downloads
File Type: pdf 4_5902347893016101956.pdf   2.4 MB | 375 downloads
File Type: pdf market-structure-and-entry-setup_compress.pdf   6.3 MB | 365 downloads
File Type: pdf Bank trader strategy (1).pdf   2.2 MB | 1,014 downloads
File Type: pdf The Ultimate Price Action Trading Guide - Atanas Matov.pdf   4.0 MB | 494 downloads
File Type: pdf Market Maker Traps (1).pdf   1.0 MB | 372 downloads
File Type: pdf Market Maker Traps (2).pdf   789 KB | 343 downloads
File Type: pdf Market Maker Traps (3).pdf   705 KB | 338 downloads
File Type: pdf Market Maker Traps (4).pdf   2.4 MB | 374 downloads
  • #13,205
  • Edited Jan 11, 2024 12:14am Jul 23, 2023 2:45am | Edited Jan 11, 2024 12:14am
Quoting T721
{quote} some of this might help you Just take your time with it {image} {image} {image} {image} {image}
Thanks for this T721 will definitely add this to my TBR list. I am about to finish "Best Loser Wins" book. might also help other struggling traders out there.

{ copyrighted attachment deleted by staff }
  • #13,206
  • Jul 23, 2023 2:47am Jul 23, 2023 2:47am
Gold IS NOT a safe haven.

DXY is EXTREMELY bullish.
Trade at your own risk.
  • #13,207
  • Jul 23, 2023 2:59am Jul 23, 2023 2:59am
Congratulation to all who bought Gold at this low price. This's the last correction (max drop to 1943) before we go to 2007, 2045, 2080, and new ATH by September
  • #13,208
  • Jul 23, 2023 4:25am Jul 23, 2023 4:25am
Quoting Gold.isgold
Congratulation to all who bought Gold at this low price. This's the last correction (max drop to 1943) before we go to 2007, 2045, 2080, and new ATH by September
This is going to age well, will pin this and come back to it in September.
  • #13,209
  • Jul 23, 2023 4:29am Jul 23, 2023 4:29am
Quoting saisadhan
{quote} Could it be possible for the price to go down even further due to another rate hike of up to 7% expected on the 26th? This might give the bears a reason to push the price down and establish a downtrend, right?.
This analysis is purely based on Technical analysis so High Impact Economic events can change the figures.Trade safe
  • #13,210
  • Jul 23, 2023 4:42am Jul 23, 2023 4:42am
For me i see Gold going upto 1975/80 ish before the next sell off to 1940s TAKE CARE. MANAGE RISK ACCORDINGLY
The only thing you can Control in the markets is how much you wanna lose. How much you are gonna make doesnt matter. Newbies think the other way as i did when i started out
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  • #13,211
  • Jul 23, 2023 5:20am Jul 23, 2023 5:20am
who ever is suggesting gold collapse is literally fooling themselves .
Gold is extremely bullish in on daily TF and sooner or later it will cross 2000 mark again and will head towards new target of 2500 .
  • #13,212
  • Jul 23, 2023 7:29am Jul 23, 2023 7:29am
Gold... it's not looking good brev.
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  • #13,213
  • Jul 23, 2023 8:20am Jul 23, 2023 8:20am
Quoting robbieevans9
Gold... it's not looking good brev. {image}
1900 is the goal innit bruv

Quoting saisadhan
{quote} Could it be possible for the price to go down even further due to another rate hike of up to 7% expected on the 26th? This might give the bears a reason to push the price down and establish a downtrend, right?.
Technically yes. DXY is bullish so naturally gold will keep dropping lower. But with news on Monday it could make a bullish turn you never know what the numbers will say. If you’re trading usd cross pairs make sure you track the USD as well. Lot of people don’t and lose their minds when gold makes sudden moves.

Learn the basics first like strong resistance levels, support levels, breakouts, fake breakouts, candle stick formations and patterns. Stick to lower timeframes 1M/5M/15M pick a chart you’re comfortable with from the above and target TPs on the liquidity levels shown in the charts. Learn to spot price rejection on the lower time frames it will help you a lot. Don’t even think of day trading or swing trading. SCALP until you get the hang of the basics and the volatility. Don’t be blindsided by trading on charts and technical analysis only. Read news, economic news, global news to understand its impact on gold market. Gold is naturally considered a safe haven asset so major world news will impact it heavily. Like the whole Russia Wagner situation, Russian index dropped like crazy Russian investors started buying gold. Gold which was bearish atm started an upward march out of the blue. Read read read absorb as much information as you can. Don’t just rely on charts to show you the way. Start small always, risk less than 5% a trade until you get the hang of the things.

If you still aren’t sure, trade demo until you’ve doubled your equity and then switch to live account.

Always remember, BUY the dip & SHORT the highs. Never sell at a low expecting it to go down further. Never buy at the high expecting it to go higher.
  • #13,214
  • Jul 23, 2023 9:54am Jul 23, 2023 9:54am
Quoting d1zzy
{quote} 1900 is the goal innit bruv
Facts
  • #13,215
  • Jul 23, 2023 11:45am Jul 23, 2023 11:45am
Quoting d1zzy
{quote} 1900 is the goal innit bruv {quote} Technically yes. DXY is bullish so naturally gold will keep dropping lower. But with news on Monday it could make a bullish turn you never know what the numbers will say. If you’re trading usd cross pairs make sure you track the USD as well. Lot of people don’t and lose their minds when gold makes sudden moves. Learn the basics first like strong resistance levels, support levels, breakouts, fake breakouts, candle stick formations and patterns. Stick to lower timeframes 1M/5M/15M pick a chart you’re comfortable...
Exactly. As a trader you CANNOT expect price to get to your target in 2 minutes. Time and patience is key. And remember. The market will ALWAYS try to FOMO you in and scare you out.
  • #13,216
  • Jul 23, 2023 1:32pm Jul 23, 2023 1:32pm
Quoting Zebi
long 1960.80 sl 1958 if happens to drop still today will hold over weekend to benefit from japanese dollar selling those whiney crybabies LOL

ill close this trade sometime during london session cause its just about the possibility of BOJ interbvention so no need to hold forever

they been whining and crying and threatening to sell dollars for a couple weeks now so since china pulled the trigger last thursday the japanese might too
short trump and go long the deepstate
  • #13,217
  • Edited 1:48pm Jul 23, 2023 1:35pm | Edited 1:48pm
Quoting Fx3423454
Gold IS NOT a safe haven. DXY is EXTREMELY bullish.
Maybe but will look for logic! But gold is extremely bullish if breaks up may target near 2800, hope not as it may need greatest economic disaster but great disaster can be! So still safe heaven!
No need to check usdx as in strong bearish!
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #13,218
  • Jul 23, 2023 1:42pm Jul 23, 2023 1:42pm
Quoting fontu
{quote} Maybe but will look for logic! But gold is extremely bullish if breaks up may target bear 2800, hope not as it may need greatest economic disaster but great disaster can be! So still save heaven! No need to check usdx as in strong bearish! {image}
Price can keep on slowly creeping up even while there are serious divergences.

There are serious divergences on many investment classes right now. Think of it this way, don't you find it peculiar that gold has only appreciated by 2% against the USD in the past 11 years? You should find this concerning. Think outside the box.

Also, gold going up would not signify a crisis as gold is not currently a risk off/safe haven asset.

Chart patterns and trendline breaks are extremely speculative and have less than a 28% chance of follow through.
Trade at your own risk.
  • #13,219
  • Jul 23, 2023 2:06pm Jul 23, 2023 2:06pm
Quoting Fx3423454
{quote} Think of it this way, don't you find it peculiar that gold has only appreciated by 2% against the USD in the past 11 years? You should find this concerning.

About from 2000 to 2011 it rose 600%. Then we had low inflation period. Basically it was in a consolidation period. Maybe 4th time visiting the 2070 will create a breakout.
  • #13,220
  • Jul 23, 2023 2:18pm Jul 23, 2023 2:18pm
Quoting Eren10
{quote} About from 2000 to 2011 it rose 600%. Then we had low inflation period. Basically it was in a consolidation period. Maybe 4th time visiting the 2070 will create a breakout.
Consolidations before breakouts don't look that sloppy.

If you believe so strongly in chart patterns or S/R then what about the triple top? You are talking about a quadruple top which would be extremely bearish if you believe in price action.

Between 1980 and 2000 gold did nothing but CRASH.
Trade at your own risk.
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