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  • #27,661
  • Mar 5, 2024 7:35am Mar 5, 2024 7:35am
Quoting luckytujuh
{quote} My friend, its because nyse just open, comex. Gold is based on comex. This what traders do not understand. Sometimes when it moves because of the gap balance, that liquidity. It has to close the gap and try to see whether it breaks or reject. From there then u decide what the next best move. Which is better after nfp
Im looking for the new high, i dont normally trade gold i am looking for 45 broken
FX is a Bitc*h!, No one keeps me wake all night but FX does!!
  • #27,662
  • Mar 5, 2024 7:36am Mar 5, 2024 7:36am
And why must it be a bull trap. Its not yet bearish. Yet it will be, but not yet.

Remember months ago i said break highs to tap low, break lows to tap high.

There is a pattern in liquidity. Zero indicator involve, only just looked at price actions candle and wicks from daily weekly and monthly
Trading is very lonely
  • #27,663
  • Mar 5, 2024 7:39am Mar 5, 2024 7:39am
2140 target reached

Real consolidation needed to break higher
  • #27,664
  • Mar 5, 2024 7:40am Mar 5, 2024 7:40am
Please go and ponder before doing. I dont use indicators because i dont trust none of them. I know it will break but im not entering until i see a clearer picture till nfp.

Its neither a sell or neither a buy. Its just watching to see if it breaks or not. Its totally in a dangerous zone
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: Screenshot_2024-03-05-21-38-30-87_0bea77daeacc231008e293164131bafa.jpg Size: 198 KB
Trading is very lonely
  • #27,665
  • Mar 5, 2024 7:43am Mar 5, 2024 7:43am
The US is the biggest scam ever. Look at them pumping prices all around the place. Nutss.
Teerex
  • #27,666
  • Mar 5, 2024 7:43am Mar 5, 2024 7:43am
Seems like gold tapped a strong resistance around 2141 What a drop
You just got to have the Bad Days, so you can Love the Good Days even more!
  • #27,667
  • Mar 5, 2024 7:44am Mar 5, 2024 7:44am
that's a MoFu 15 M candle there 1 min to finish
Attached Image (click to enlarge)
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FX is a Bitc*h!, No one keeps me wake all night but FX does!!
  • #27,668
  • Mar 5, 2024 7:48am Mar 5, 2024 7:48am
huge sell volume ...
Attached Image (click to enlarge)
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  • #27,669
  • Mar 5, 2024 7:52am Mar 5, 2024 7:52am
next support level
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  • #27,670
  • Mar 5, 2024 7:52am Mar 5, 2024 7:52am
Its not a huge sell its a pump and dump. Stealing people money is what it is.
Teerex
  • #27,671
  • Mar 5, 2024 7:52am Mar 5, 2024 7:52am
Quoting Godisawoman
The US is the biggest scam ever. Look at them pumping prices all around the place. Nutss.
You can enter any country into that sentence and it would be accurate.
TechKnow
  • #27,672
  • Mar 5, 2024 7:53am Mar 5, 2024 7:53am
no indicators work here. Its all crap. Best to wait on news
Teerex
  • #27,673
  • Mar 5, 2024 7:55am Mar 5, 2024 7:55am
Quoting Avir
that's a MoFu 15 M candle there 1 min to finish {image}
Bears being challenged by the bulls just above 2120,,,,, we need a re test to the Top
FX is a Bitc*h!, No one keeps me wake all night but FX does!!
  • #27,674
  • Mar 5, 2024 7:57am Mar 5, 2024 7:57am
Quoting S3000
2140 target reached Real consolidation needed to break higher
Next daily target 2080 ?
  • #27,675
  • Mar 5, 2024 8:02am Mar 5, 2024 8:02am
big rejection in 1h time frame
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  • #27,676
  • Mar 5, 2024 8:03am Mar 5, 2024 8:03am
Quoting Godisawoman
Its not a huge sell its a pump and dump. Stealing people money is what it is.

Agree point taken. Thats the grab. U know where this goes next. I dont need to say
Trading is very lonely
  • #27,677
  • Mar 5, 2024 8:03am Mar 5, 2024 8:03am
Quoting ParthSharma
@Praveen - since you mentioned that you are a Fibb only trader. Please if you could throw some light on the Golds behaviour basis Fibb charts... like does it hold good most of the times ? or hold good during sideways market / volatile market, etc. Any inputs from your side would be valuable for all of us. tnx
Hello Parthsharma.....Sorry for late reply. I was out for some time.As I said that I am a scalp trader So my quotes are mostly based for same day trading. My main tools of trading are only Fibo and liquidity levels. As I mentioned that as per my 4H chart 2127.75 161.8% level and a lots of liquidity level resides above that and result is in front of all of us. If this level will be broken by any 4H candle then next target as per the fibo become 2191 261.8% and if hold then retrcement up to 2115-18 or 2083-88 level possible. Today I have closed my trading for the day.So I am done for the day and trade safe
For more information I have attached my fibo chart here.Very clean and simple chart so I hope you will not found any kind of hurdle to understand it.
Attached Image (click to enlarge)
Click to Enlarge Name: 4H fibo chart.png Size: 8 KB
  • #27,678
  • Mar 5, 2024 8:07am Mar 5, 2024 8:07am
Quoting javed562
big rejection in 1h time frame {image}
Only if it breaks 2114.
  • #27,679
  • Mar 5, 2024 8:09am Mar 5, 2024 8:09am
Quoting luckytujuh
{quote} Agree point taken. Thats the grab. U know where this goes next. I dont need to say
It goes anywhere they choose to pump it to.
Anytime price moves sharply without fundamentals backing it...someone is playing games.
Teerex
  • #27,680
  • Mar 5, 2024 8:11am Mar 5, 2024 8:11am
Quoting Godisawoman
{quote} It goes anywhere they choose to pump it to. Anytime price moves sharply without fundamentals backing it...someone is playing games.
Well I hope they play more games and bring it back up to 2140 lol
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