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  • #27,501
  • Mar 4, 2024 8:34am Mar 4, 2024 8:34am
Quoting Eren10
There is also too much war talks going on that supports gold.

It has nothing to do with war. Fundamentals does nothing. Its the pattern. It needs to tap the wick and close the gap.

Just look at btc. Its raging. It will also break that high. Institutions are showing their power that they want to show the world. That gold is natural real asset, they too want to show that btc will be the next digital asset. Its all ways to demonetize every currency. Take out the big one. Its a new era. Everything is all about tech and ai. Paper is going to lose its worth.
Trading is very lonely
  • #27,502
  • Mar 4, 2024 8:34am Mar 4, 2024 8:34am
Quoting aahmad29
{quote} Great job. I trusted your analysis and it was also matching with my volatility levels and I had trade from 2010 and stayed with you until 2090. keep it up good work.
That's what PATIENCE is. I couldnt keep that for so long TBH.

@NextElliott - AWESOME analysis.
Good or bad, this too shall pass...!!
  • #27,503
  • Mar 4, 2024 8:43am Mar 4, 2024 8:43am
Quoting luckytujuh
{quote} It has nothing to do with war. Fundamentals does nothing. Its the pattern. It needs to tap the wick and close the gap. Just look at btc. Its raging. It will also break that high. Institutions are showing their power that they want to show the world. That gold is natural real asset, they too want to show that btc will be the next digital asset. Its all ways to demonetize every currency. Take out the big one. Its a new era. Everything is all about tech and ai. Paper is going to lose its worth.
Fundamentals is everything in my opinion. Only on days like this...especially mondays where you have almost zero news ...technical traders win. 1 day out of 5.
I'm thinking gold rise is because bitcoin has been flying high since morning.
Teerex
  • #27,504
  • Mar 4, 2024 8:43am Mar 4, 2024 8:43am
Buying entry at this point will make any sense ?
  • #27,505
  • Mar 4, 2024 8:45am Mar 4, 2024 8:45am
Quoting luckytujuh
{quote} It has nothing to do with war. Fundamentals does nothing. Its the pattern. It needs to tap the wick and close the gap. Just look at btc. Its raging. It will also break that high. Institutions are showing their power that they want to show the world. That gold is natural real asset, they too want to show that btc will be the next digital asset. Its all ways to demonetize every currency. Take out the big one. Its a new era. Everything is all about tech and ai. Paper is going to lose its worth.
I don't think China and Russia are buying as much gold as they can get their hands on because it broke a trendline.
  • #27,506
  • Mar 4, 2024 8:46am Mar 4, 2024 8:46am
Quoting luckytujuh
{quote} It has nothing to do with war. Fundamentals does nothing. Its the pattern. It needs to tap the wick and close the gap. Just look at btc. Its raging. It will also break that high. Institutions are showing their power that they want to show the world. That gold is natural real asset, they too want to show that btc will be the next digital asset. Its all ways to demonetize every currency. Take out the big one. Its a new era. Everything is all about tech and ai. Paper is going to lose its worth.

Real big picture is based on fundamentals. But within the big picture everything can happen and happens.

Due to the "power, war" desires of big countries Gold is around 2100 these days. Bitcoin is a political thing, the big boys wants a digitalized world, therefore they support bitcoin.
  • #27,507
  • Mar 4, 2024 8:46am Mar 4, 2024 8:46am
Quoting susu.chuen
Buying entry at this point will make any sense ?
Better search for only Sell entries till 8th March 2024 with your trading system..
I'm not always right.. I'm not always wrong neither
  • #27,508
  • Mar 4, 2024 8:48am Mar 4, 2024 8:48am
my channel is the hottest under the sun
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: IMG_3948.jpeg Size: 89 KB
ryoiki tenkai : Blue Juggernaut
  • #27,509
  • Mar 4, 2024 8:50am Mar 4, 2024 8:50am
GOLD is at 2100----- its just thin air from here to 2150 I'm not trading gold just watching ,,,,

S/R for GOLD here : https://www.forexfactory.com/thread/...1#post14778951

Im going to have a closer look ...
Attached Image (click to enlarge)
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FX is a Bitc*h!, No one keeps me wake all night but FX does!!
  • #27,510
  • Mar 4, 2024 8:51am Mar 4, 2024 8:51am
Quoting MrFanciful
{quote} I don't think China and Russia are buying as much gold as they can get their hands on because it broke a trendline.

Nah. Those banks and institution are not from china or russia.

You know i know where this banks are from. Its how they make money. They pump. And make retailers get manipulated easily and they dump once all hit stop loss. Its their game, precisely why i keep saying just wait after nfp
Trading is very lonely
  • #27,511
  • Mar 4, 2024 8:51am Mar 4, 2024 8:51am
Quoting susu.chuen
Buying entry at this point will make any sense ?
On 5 min tf buy at retracement to previous higher high with a stoploss at its corresponding lower low and only use small lots, very small lots that you are okay with loosing just to scalp if you really wanna buy.
Never stop learning. Improvise, adapt, overcome.
  • #27,512
  • Mar 4, 2024 8:52am Mar 4, 2024 8:52am
Quoting NextElliott
{quote} Better search for only Sell entries till 8th March 2024 with your trading system..
sell when gold at 2100 sir =)))
  • #27,513
  • Mar 4, 2024 8:52am Mar 4, 2024 8:52am
Quoting Doublepanda
my channel is the hottest under the sun {image} {image}

Demo account I assume
  • #27,514
  • Mar 4, 2024 8:54am Mar 4, 2024 8:54am
Quoting Doublepanda
my channel is the hottest under the sun {image} {image}
Wow a 100 lots? Is that a demo account?....if it's real then that's just out of my thoughts cause I've never seen someone trade that big.
Never stop learning. Improvise, adapt, overcome.
  • #27,515
  • Mar 4, 2024 8:55am Mar 4, 2024 8:55am
Quoting luckytujuh
{quote} Nah. Those banks and institution are not from china or russia. You know i know where this banks are from. Its how they make money. They pump. And make retailers get manipulated easily and they dump once all hit stop loss. Its their game, precisely why i keep saying just wait after nfp
Exactly my thoughts. There is a pump today or gold just became extremely correlated with bitcoin.
I'm gonna avoid mondays it seems. When there is no news to trade it seems they just go wild lol
Teerex
  • #27,516
  • Mar 4, 2024 9:01am Mar 4, 2024 9:01am
Quoting dinhlv
{quote} sell when gold at 2100 sir =)))

I think u need to wait till it taps the highs again before deciding a sell. It can even tap 2150 or 2190 for all u know
Trading is very lonely
  • #27,517
  • Mar 4, 2024 9:02am Mar 4, 2024 9:02am
Quoting Eren10
{quote} Demo account I assume
Whatever helps you feel better my friend. Allah bless you
ryoiki tenkai : Blue Juggernaut
  • #27,518
  • Mar 4, 2024 9:07am Mar 4, 2024 9:07am
Quoting Eren10
{quote} Demo account I assume
Need not be.. there was a clear breakout of the range to buy it around 2088-2089.
Attached Image (click to enlarge)
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  • #27,519
  • Mar 4, 2024 9:09am Mar 4, 2024 9:09am
Quoting Avir
GOLD is at 2100----- its just thin air from here to 2150 I'm not trading gold just watching ,,,, S/R for GOLD here : https://www.forexfactory.com/thread/...1#post14778951 Im going to have a closer look ... {image}
what I see on GOLD, Three broken patterns, A Wedge, A Triangle & A channel All pointing to heaven on daily chart
Attached Image (click to enlarge)
Click to Enlarge Name: gold 1.PNG Size: 41 KB
FX is a Bitc*h!, No one keeps me wake all night but FX does!!
  • #27,520
  • Mar 4, 2024 9:17am Mar 4, 2024 9:17am
Quoting Doublepanda
{quote} Whatever helps you feel better my friend. Allah bless you
The amount and the moment of buying looks like demo account, nothing to do with mine feelings.

Quoting forkstrader
{quote} Need not be.. there was a clear breakout of the range to buy it around 2088-2089. {image}
Indeed there was a breakout above 2089 but I said it just because of the lot size. But maybe he has millions than it can be
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