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  • #13,941
  • Jul 30, 2023 7:07am Jul 30, 2023 7:07am
Quoting Forex.Intern
Hi, May I know why the gold future created a big gap? Price closed at 1998, what is that mean? {image}
Thats most likely a bull trap
Trading is very lonely
  • #13,942
  • Jul 30, 2023 8:20am Jul 30, 2023 8:20am
Quoting Forex.Intern
Hi, May I know why the gold future created a big gap? Price closed at 1998, what is that mean? {image}
Gold prices rose on Friday, recovering a measure of recent losses as the Bank of Japan caught markets off-guard with some hawkish signals, although strength in the dollar limited the appeal of bullion.
Copper prices also rose on Friday, marking a stronger recovery than gold as the diminished prospect of a U.S. recession boosted the red metal. Copper also benefited from speculation over more Chinese stimulus.
Markets turned somewhat risk-averse after the Bank of Japan signaled a more flexible approach to its yield curve control policy, heralding an eventual pivot away from the bank’s ultra-dovish stance.
While the move points to more eventual pressure on gold, the near-term shock from the BOJ saw markets seeking some safe havens.

Futures are obviously looking at the long term. We can expect Gold Spot to follow the futures in the next coming months. Looking at DXY and Gold Futures the graph shows a clear strength in Gold and a weakness for the Dollar.
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  • #13,943
  • Edited 3:43pm Jul 30, 2023 3:22pm | Edited 3:43pm
Quoting Forex.Intern
Hi, May I know why the gold future created a big gap? Price closed at 1998, what is that mean? {image}
rollover contract
Attached Image (click to enlarge)
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investing

dolce vita
  • #13,944
  • Jul 30, 2023 3:56pm Jul 30, 2023 3:56pm
H8 ichi
Attached Image (click to enlarge)
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levels:
65
62
55
38
charting with fxstreet
dolce vita
  • #13,945
  • Jul 30, 2023 4:05pm Jul 30, 2023 4:05pm
H2 ichi
Attached Image (click to enlarge)
Click to Enlarge Name: XAU_USD-2 30 07 0 d.png Size: 48 KB

levels:
66
62
55
charting with fxstreet
dolce vita
  • #13,946
  • Jul 30, 2023 4:16pm Jul 30, 2023 4:16pm
daily ichi
Attached Image (click to enlarge)
Click to Enlarge Name: XAU_USD-3 30 07 0 e.png Size: 48 KB

levels:
96
65
45
40
charting with fxstreet
dolce vita
  • #13,947
  • Jul 30, 2023 5:13pm Jul 30, 2023 5:13pm
Quoting babayaga
{quote} rollover contract {image} investing
confirmation
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Click to Enlarge Name: 31 07 0 a roll over.JPG Size: 33 KB

investing
dolce vita
  • #13,948
  • Jul 30, 2023 8:27pm Jul 30, 2023 8:27pm
Someone please help me, I am new to trading Gold. I want to start with a $25k USD account using a broker offering a 20:1 leverage. I am comfortable with a 2% risk per trade. What size position and stop loss, should I use to start trading Gold in order to safely grow my account. Thanks in advance.
  • #13,949
  • Jul 30, 2023 8:58pm Jul 30, 2023 8:58pm
long @1957.5 hope for tp@1965
  • #13,950
  • Jul 30, 2023 9:34pm Jul 30, 2023 9:34pm
I got a sell signal on gold. Probable Target can become 1952 area.I may be wrong.Trade safe
  • #13,951
  • Jul 30, 2023 9:58pm Jul 30, 2023 9:58pm
Quoting CharlieMan
Someone please help me, I am new to trading Gold. I want to start with a $25k USD account using a broker offering a 20:1 leverage. I am comfortable with a 2% risk per trade. What size position and stop loss, should I use to start trading Gold in order to safely grow my account. Thanks in advance.
2% Risk per trade....It's a huge risk. You said that u r starting so you need to risk 2% per day at least either as position or swing/scalp trader. Gold is a huge volatile pair to trade so in starting you should start with 0.10 lot to 0.21 maximum per trade. You required stop loss of 5$ above or below from your trade entry while trading then it will be consider a safe SL. If you are scalp/swing or even position trader the best RR can become 1:3 to 1:4 or some time 1:2 possible as per the market volatility.Trade safe
  • #13,952
  • Jul 30, 2023 10:04pm Jul 30, 2023 10:04pm
Hi Murugesh29...Good Morning. what's up dear?You are online today after a long period. I hope all is well at your end.Happy Trading
  • #13,953
  • Jul 30, 2023 10:19pm Jul 30, 2023 10:19pm
Quoting parveenverma
Hi Murugesh29...Good Morning. what's up dear?You are online today after a long period. I hope all is well at your end.Happy Trading
Hi, Good morning...
Tight schedule going on, just watching forums nd market movement..still no open trades..
Feel like,I need some robot to do my trades..
Hope join you guys soon...

Happy trading
Its all about Timing!!!
  • #13,954
  • Jul 30, 2023 10:24pm Jul 30, 2023 10:24pm
long 1957.20
tp 1970


gona ride the asians coattails as they sell dollars again and look to short during n.y. time
short trump and go long the deepstate
  • #13,955
  • Jul 30, 2023 10:49pm Jul 30, 2023 10:49pm
Quoting parveenverma
I got a sell signal on gold. Probable Target can become 1952 area.I may be wrong.Trade safe
Can you send a screenshot.. want to see your analysis
  • #13,956
  • Jul 30, 2023 10:50pm Jul 30, 2023 10:50pm
buy limit at 1954.20
short trump and go long the deepstate
  • #13,957
  • Jul 30, 2023 10:52pm Jul 30, 2023 10:52pm
I am riding old shorts down.
  • #13,958
  • Jul 30, 2023 10:59pm Jul 30, 2023 10:59pm
Quoting Zebi
long 1957.20 tp 1970 gona ride the asians coattails as they sell dollars again and look to short during n.y. time

I think there might be a possibility of going retracing bck the monthly candle b4 closure
Trading is very lonely
  • #13,959
  • Jul 30, 2023 10:59pm Jul 30, 2023 10:59pm
Quoting saisadhan
{quote} Can you send a screenshot.. want to see your analysis
No need of any kind of screen shot here dear its very simple to analyze .....Draw fib on hourly TF I am targeting 61.8% support level there because price failed to break previous swing high.Trade safe

Edit: If not easy with this then here is the screenshot
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  • #13,960
  • Jul 30, 2023 11:08pm Jul 30, 2023 11:08pm
WHAUW, a lot of invisibles that are following this thread.
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