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  • #28,481
  • Mar 15, 2024 3:20am Mar 15, 2024 3:20am
4H chart.
My analysis, Gold stuck between 2152 and 2195 for now. On the way up, If it breaks 2185 it will test the highs and try to break higher. on the way down, It tested 2152 2 times it might break it next time to open the way lower. On the top side I think there is strong resistance currently, but you never know!
Next week we have central banks meetings, this could bring big moves up or down and break resistance.
Trade safe.
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  • #28,482
  • Mar 15, 2024 3:51am Mar 15, 2024 3:51am
Today's Support & Resistance on MT5 Template

EURO
CABLE
USDJPY
GOLD

https://www.forexfactory.com/thread/...0#post14795160
FX is a Bitc*h!, No one keeps me wake all night but FX does!!
  • #28,483
  • Mar 15, 2024 4:10am Mar 15, 2024 4:10am
Sweaty palms time. That up move got to 5.4 pips, not $5.4, but 5.4 pips from my SL before coming back down. New 4 hour candle, so was that the top wick that just formed, or are we now forming the bottom wick?

Rhetorical question of course.
  • #28,484
  • Mar 15, 2024 4:24am Mar 15, 2024 4:24am
My Daily Pivots & Range
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  • #28,485
  • Mar 15, 2024 4:33am Mar 15, 2024 4:33am
SL hit
  • #28,486
  • Mar 15, 2024 4:36am Mar 15, 2024 4:36am
2148 has proven to be a strong support till now, if price hopefully breaks 2148 today or before fed announcement, then comes 2100-2090 support. trade safe
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we live, learn and earn for tomorrow
  • #28,487
  • Mar 15, 2024 4:42am Mar 15, 2024 4:42am
Gold will fall again from 2167-2170 area. (Around )
I'm not always right.. I'm not always wrong neither
  • #28,488
  • Mar 15, 2024 4:46am Mar 15, 2024 4:46am
H1 gold is range but I'm bullish about today.
this two FVG can be a good place to buy for all the way to reach 2172.
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Trend following
  • #28,489
  • Mar 15, 2024 4:51am Mar 15, 2024 4:51am
Quoting NextElliott
Gold will fall again from 2167-2170 area. (Around )
Got another sell signal after my SL was hit so took it. Higher timeframes still looks too extended to me after last weeks bull run. Unless I've drawn my fib wrong We've only done a 23% retracement. Doesn't seem like enough to me. But given my track record, what would I know? ¯\_(ツ)_/¯

There is now a quadruple top at 2170 so a stop hunt might be in order at least
  • #28,490
  • Mar 15, 2024 4:53am Mar 15, 2024 4:53am
Quoting NextElliott
Gold will fall again from 2167-2170 area. (Around )
Final confluence to go long
  • #28,491
  • Mar 15, 2024 4:55am Mar 15, 2024 4:55am
Gold prices steady before Fed meeting

https://www.investing.com/news/commo...higher-3339310
  • #28,492
  • Mar 15, 2024 4:56am Mar 15, 2024 4:56am
Quoting MrFanciful
{quote} Got another sell signal after my SL was hit so took it. Higher timeframes still looks too extended to me after last weeks bull run. Unless I've drawn my fib wrong We've only done a 23% retracement. Doesn't seem like enough to me. But given my track record, what would I know? ¯\_(ツ)_/¯ There is now a quadruple top at 2170 so a stop hunt might be in order at least
I'm expecting from 18th to 20th March 2024 Gold will remain bullish..
I'm not always right.. I'm not always wrong neither
  • #28,493
  • Mar 15, 2024 5:00am Mar 15, 2024 5:00am
Quoting mehantrader
H1 gold is range but I'm bullish about today. this two FVG can be a good place to buy for all the way to reach 2172. {image}
price hit 2172. if you had only bought on that 2166.5 fvg. 50 pips
Trend following
  • #28,494
  • Mar 15, 2024 5:03am Mar 15, 2024 5:03am
Quoting NextElliott
{quote} I'm expecting from 18th to 20th March 2024 Gold will remain bullish..
But why? People always say what they are thinking, but never give reasons for it
  • #28,495
  • Mar 15, 2024 5:05am Mar 15, 2024 5:05am
Quoting NextElliott
{quote} I'm expecting from 18th to 20th March 2024 Gold will remain bullish..
and Bearish today??
  • #28,496
  • Mar 15, 2024 5:08am Mar 15, 2024 5:08am
I went short a few times inside a pennant at 4 hour resistance while higher timeframe is making lower highs. So why should I have looked at that and thought, this looks bullish? And If it's because it looks like it was going to break the downwards blue trendlines, why does it look like it's going to do that rather than it look like it's going to break beneath the lower line of the pennant?

So now that it's above my resistance zone, should I go long because resistance becomes support, or do I go short because it's at a higher timeframe downward trendline while also inside a bearish pennant pattern having taken the stops above a swing high from yesterday? And why should I pick on over the other?

I regularly get the one word answer to all my problems which is "overleverage". I'm hoping that that what I'm explaining here is that I have perfectly good reasons to go n both directions at all times without any way of determining which is most likely.
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  • #28,497
  • Mar 15, 2024 5:11am Mar 15, 2024 5:11am
Price ranging in H1.
Making LH and HL.
a real breakout(closing over 2180 for today) can give an opportunity for gold to reach 2220 next week.
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Trend following
  • #28,498
  • Mar 15, 2024 5:13am Mar 15, 2024 5:13am
Quoting MrFanciful
{quote} But why? People always say what they are thinking, but never give reasons for it
Because I don't want to tell the reason for it.. Simple

=================================================
Disclaimer: Love it or leave it
I'm not always right.. I'm not always wrong neither
  • #28,499
  • Mar 15, 2024 5:21am Mar 15, 2024 5:21am
Quoting NextElliott
{quote} Because I don't want to tell the reason for it.. Simple ================================================= Disclaimer: Love it or leave it
Fair enough
  • #28,500
  • Mar 15, 2024 5:28am Mar 15, 2024 5:28am
Quoting MrFanciful
{quote} But why? People always say what they are thinking, but never give reasons for it
I wouldn't waste your time its just waffle
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