Gold

H4 Sinewave analysis:
Not everything is perfect in this market. I wanted to give you downside of market so that traders don't think that sinewave is perfect to catch the market movement. Here is the example of H4 TF where bottom part did not complete the wave as per calculation and hit the target. This is one of many reasons that i start adding positions little bit before the expected return or after the expected return , if market push the price out of limit to hunt SL's.

This is confusion created by market. I am hoping that market will correct itself to complete the wave but it is not necessary and market can go up.

Edit: Sorry it is typo in screenshot 1922-30=1892

hello world, its fomc week.

let the pip hunting begins.

my bias is bullish today.
lets see what price does at 1921, any rejection towards 1921-1920.
will have possibility of buys.

Bearish at least until Monday afternoon. today targets: 1923.69, 1919.38, 1915.89

Are Gold and Cable positively correlated?

No it is not correlated.

for those subscribers who subscribe to me, please take note. $278 is not a loss. its a withdrawal, ff stated it as loss.

Dont get carried away by correlations, i have seen gold go up and down with dxy so always look to see what the structure is showing .. ie if dxy goes up then you would assume gold will go down and generally it will but dont get fixed on it

First trade of the week.SL TP 30/30.

Move to BE

During last month I have been trying to understand the big picture, and the mid-long term direction. The market shows an anomaly in gold price, since 1 YEAR ago. The cause... China, India, Egypt, Turkey, Poland, Qatar, UAE, Oman,... are buying gold like crazy, what kept the price in uptrend, until it created the TRIPLE TOP.
Since one year ago, with inflation decreasing quite fast, and FED increasing interest rates... gold should drop. This anomaly started last year (Sept 2022). So...
What's next?

THIS WEEK KEY NEWS (CPI EUR / CPI UK / FED INTEREST RATES)

Option 1: FED maintain/increase interest rates with a stable inflation + countries buying gold => Gold price ranges (strong support at 1890) or goes up slowly until find historical top. //SAME SCENARIO SINCE LAST YEAR//
Option 2: FED slows down the interest rates=> Gold will breach all-time historical highs very soon

We have an interesting week with gold...

Trade safe.

Closed and open sell

Trade in progress

I think trading in support and resistance level will make you more profit. The most important thing is confirmation of either buying or selling point.

XU nearing last week's high... do you think it'll bounce off or continue up?

Hi Obada you won't know until after the fact.It is always 50/50.

Morning! Just checking pa, testing previous top, so may look breakout at 1929, signal 1828.36, 1927.67 confirmation for limit test 1926.59, breaks or not. . Take care

Expecting this to happen. Stop just 30 pips above. Since Japan bank holiday can now go to sleep and wake up to see TP or SL hit,

Potentials sells for gold at 1935.
i just need confirmation for price action candles in 25 mins

Since not tapping 1920 for buys.

now Can I sell gold 1928?