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  • #16,541
  • Aug 24, 2023 12:17am Aug 24, 2023 12:17am
Quoting fontu
Checking pa, likely continue pullback over 1914, target minimum 1930. So some place to join. Take care {image} {image}
Dear fonto, my understanding of your analysis is : price is in upward impulse. wave #3 is complete, and current price is in wave #4 which may retraced to 1914 level and after that, impulse wave #5 will develop to 1930. am I right?
  • #16,542
  • Aug 24, 2023 12:27am Aug 24, 2023 12:27am
1 last try
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2023-08-24-13-26-13-94_a068875e8d70110f8d1ec48729c67374.jpg Size: 346 KB
  • #16,543
  • Aug 24, 2023 12:45am Aug 24, 2023 12:45am
Quoting jimmy78
Still some liquidity from around 10/11th August it might want to take before retracing in those areas 1921-1922

was always going to take the liquidity at 1921 as I mentioned, price hadnt really achieved target
  • #16,544
  • Aug 24, 2023 12:50am Aug 24, 2023 12:50am
Quoting parveenverma
{quote} My chart says that price need to retest 1903-04 before upward move up to 1936,1945. If it will not retrace now then today's employment data can drop it but retest is need of price because as an retracement of a huge upswing. I may be wrong.Trade safe edit:At present price is trading very close to daily resistance level.
Dear, 1903 level is approximately 61.8 % fibo level of 1888 to 2022.5 and far from current price and may not reach today. based on chart, 1914 level is first untested level.
  • #16,545
  • Aug 24, 2023 12:51am Aug 24, 2023 12:51am
Quoting parveenverma
{quote} My chart says that price need to retest 1903-04 before upward move up to 1936,1945. If it will not retrace now then today's employment data can drop it but retest is need of price because as an retracement of a huge upswing. I may be wrong.Trade safe edit:At present price is trading very close to daily resistance level.

the employment data might not be the only thing that sways price today, 1st day of Jackson Hole...
2019 - 500 pips over a few days, 2020 -900 pips over a few days, 2021 - again 500 pips..
  • #16,546
  • Aug 24, 2023 12:52am Aug 24, 2023 12:52am
Quoting 10QFX
1 last try {image}
this time going very tight.. i think lots of sellers.. once they give up. will fall i guess
Everything, what's meant to be will find its way
  • #16,547
  • Aug 24, 2023 1:06am Aug 24, 2023 1:06am
Quoting maleki616
{quote} Dear, 1903 level is approximately 61.8 % fibo level of 1888 to 2022.5 and far from current price and may not reach today. based on chart, 1914 level is first untested level.
I do not know about which untested level you are talking about. I have not any such untested area on my any chart. I have an untested area on 15M chart 1910-11 area and in Hourly and 4H TF at 1903-04 area. Trade safe
  • #16,548
  • Aug 24, 2023 1:07am Aug 24, 2023 1:07am
Quoting Zebi
{quote} i was gona bet you we wont see 2000 before 1800 for bragging rights but you snuck that 1980 in there on an edit LOL
Yeah, took a second look at the chart and saw that as more probable. lol
Everyone can see the chart, but only a few can actually read it.
  • #16,549
  • Aug 24, 2023 1:07am Aug 24, 2023 1:07am
Quoting maleki616
{quote} Dear fonto, my understanding of your analysis is : price is in upward impulse. wave #3 is complete, and current price is in wave #4 which may retraced to 1914 level and after that, impulse wave #5 will develop to 1930. am I right?
If this move started from 1890, doesn't this mean we are currently in wave 3?

Or did this move start from the double bottom low 85.27 so that makes this wave 5? but wave 3 is supposed to be the longest wave isn't it
  • #16,550
  • Edited 1:26am Aug 24, 2023 1:14am | Edited 1:26am
Quoting luckytujuh
{quote} it needs to break 1917 first in order to reach 1914. ive seen this dangerous pa.
as 1914.44 breaks previous low marginally, though originally limit down for that correction was 1906.57 , and back bull apparently it constitute a wave 4th . if so wave 5th( may later 3 though ) around 19 dollar =wave 1 =1930 , over 1914.44.

anyway likely price test 1923.70 , , hold may to join with risk or back below 1919.97 , say 1917 to join bull try !

Quoting maleki616
{quote} Dear fonto, my understanding of your analysis is : price is in upward impulse. wave #3 is complete, and current price is in wave #4 which may retraced to 1914 level and after that, impulse wave #5 will develop to 1930. am I right?
so far yes , and still may subject to change as is reply to parveenverma
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDM30.png Size: 13 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #16,551
  • Edited 1:32am Aug 24, 2023 1:20am | Edited 1:32am
Quoting parveenverma
{quote} My chart says that price need to retest 1903-04 before upward move up to 1936,1945. If it will not retrace now then today's employment data can drop it but retest is need of price because as an retracement of a huge upswing. I may be wrong.Trade safe edit:At present price is trading very close to daily resistance level.
ok , in that case price to break below 1914.44 , so end a 5th /bigger 3rd to have correction towards limit 1904.50 before bigger 4/5 to the run bull . as 5th can be any complex , and may not always equal to wave 1 it can be shortest, multiples wave 1 even ! take care
Attached Image(s) (click to enlarge)
Click to Enlarge Name: XAUUSDM301.png Size: 14 KB
Click to Enlarge Name: XAUUSDH4.png Size: 15 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #16,552
  • Aug 24, 2023 1:29am Aug 24, 2023 1:29am
Quoting OnlineAddict
{quote} Gold chart is clear, nothing bearish on it...1980-2000 will be re-tested again.

For that we need continuing bad US economy data.
  • #16,553
  • Aug 24, 2023 1:30am Aug 24, 2023 1:30am
Quoting OnlineAddict
{quote} Gold chart is clear, nothing bearish on it...1980-2000 will be re-tested again.

weekly,, daily and 4 hour are all bearish overall...whats your thinking behind it hitting 2000 again? no major overall change in market structure..
  • #16,554
  • Aug 24, 2023 1:31am Aug 24, 2023 1:31am
Quoting Eren10
{quote} For that we need continuing bad US economy data.
I expect nothing else.
Everyone can see the chart, but only a few can actually read it.
  • #16,555
  • Aug 24, 2023 1:34am Aug 24, 2023 1:34am
no harm taking a little breakout !
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDM15.png Size: 12 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #16,556
  • Aug 24, 2023 1:35am Aug 24, 2023 1:35am
Quoting d1zzy
{quote} If this move started from 1890, doesn't this mean we are currently in wave 3? Or did this move start from the double bottom low 85.27 so that makes this wave 5? but wave 3 is supposed to be the longest wave isn't it
Dear, wave #1 its probably has started from 1888 (after pullback to descending trend line) so, wave #3 is finished with PMI news. current its seems in wave #4 and may be after 1914 wave #5 will start. After all this 12345 impulse pattern will be followed a corrective pattern to lower levels. you can see the answer in fonto reply. Trade Safe.
  • #16,557
  • Aug 24, 2023 1:35am Aug 24, 2023 1:35am
Quoting luckytujuh
{quote} you saw the volume just now.

thats why i say watching 1 and 5 minute charts can give you brain damage

look at the hourly since i said it will give a sell signal in 16 minutes and look at all the garbage that happened on the small time charts.... people always assume trading 1 minute will save them losses when it actually increases them

the hourly was no volume spikes or squirming or drama just a little annoyance bulls so stubborn and wouldnt listen to my chart sell signal LOL

london should take this down and if they dont than NY will since i had 2 4H sell sigs and that hourly just now
short trump and go long the deepstate
  • #16,558
  • Aug 24, 2023 1:48am Aug 24, 2023 1:48am
People who usually trade > 0.25 lot sizes prefer 1M for the volatility lol, quick in and outs.

4HR signaling sell signals, daily is showing a sell signal, weekly is a strong sell zone too. Still bearish on the monthly candle.

Price should start heading lower at least towards 1904 sometime soon. Still maintain my bearish stance, even if we close this week in a bull candle we should be going back below 1900 by next week. Cant wait to see bulls squirming when price won't even go above 40's let alone 1980-2000
  • #16,559
  • Aug 24, 2023 1:58am Aug 24, 2023 1:58am
Quoting d1zzy
People who usually trade > 0.25 lot sizes prefer 1M for the volatility lol, quick in and outs. 4HR signaling sell signals, daily is showing a sell signal, weekly is a strong sell zone too. Still bearish on the monthly candle. Price should start heading lower at least towards 1904 sometime soon. Still maintain my bearish stance, even if we close this week in a bull candle we should be going back below 1900 by next week. Cant wait to see bulls squirming when price won't even go above 40's let alone 1980-2000
ok , it is bear still as in pullback to continue bear ,. this bull back can more to do yet as just started ! daily 4th green candle running , no bearish . may next near 2 wks to sacrifice bear before back in action if ! take care
Attached Image(s) (click to enlarge)
Click to Enlarge Name: XAUUSDDaily.png Size: 16 KB
Click to Enlarge Name: XAUUSDWeekly.png Size: 18 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #16,560
  • Aug 24, 2023 1:59am Aug 24, 2023 1:59am
Quoting OnlineAddict
{quote} I expect nothing else.
In that case we buy.

However, good US data has higher probability. Let's see the unemployment data today.
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