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  • #30,801
  • Apr 11, 2024 2:59pm Apr 11, 2024 2:59pm
I kept saying it stop looking for the sell setups on gold for now , gold needs to drop like $100 in a day for 45% of smart traders and swing traders to start taking sell trades. DXY looks bullish now and has to face the swing sell OB at 30m and 1H timeframe. And gold just created a new swing buy OB on 30m Timeframe and it’s on it’s way to making a new ATH and HH. hopefully we see a pullback of -$20 to $30 then we start looking for fresh buy set ups again at key levels. Goodnight everyone . It is always a profitable day
ryoiki tenkai : Blue Juggernaut
  • #30,802
  • Apr 11, 2024 3:04pm Apr 11, 2024 3:04pm
should have reversed long - not rocket science they were going to hit the stops.

now my opinion hasn't changed so let's see what asian session brings.
In tea leaves we trust!
  • #30,803
  • Apr 11, 2024 3:10pm Apr 11, 2024 3:10pm
Quoting fxmasterdxb
{quote} here we go, next a move to 2375-2385 and then a pull back
gold is approaching the levels where it should reverse after, while 2385 is still on the cards, i really doubt it goes beyond 2380 unless its a quick touch and reverse
I have started selling @ 2373 and will keep adding until 2380
  • #30,804
  • Apr 11, 2024 3:12pm Apr 11, 2024 3:12pm
Quoting fxmasterdxb
{quote} gold is approaching the levels where it should reverse after, while 2385 is still on the cards, i really doubt it goes beyond 2380 unless its a quick touch and reverse
what could be the targets according to you?
  • #30,805
  • Apr 11, 2024 3:12pm Apr 11, 2024 3:12pm
Keeps touching key levels
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  • #30,806
  • Apr 11, 2024 3:22pm Apr 11, 2024 3:22pm
Quoting GK12
{quote} what could be the targets according to you?
ideally i will be looking at 2295-2285 to take profits
  • #30,807
  • Apr 11, 2024 3:31pm Apr 11, 2024 3:31pm
Quoting fxmasterdxb
{quote} ideally i will be looking at 2295-2285 to take profits
Exactly, it need 100-150 dollar correction.
  • #30,808
  • Apr 11, 2024 3:35pm Apr 11, 2024 3:35pm
measured moves and all that... doesn't mean the top is in but, OF COURSE, I think it is.
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In tea leaves we trust!
  • #30,809
  • Apr 11, 2024 3:39pm Apr 11, 2024 3:39pm
Quoting fxmasterdxb
{quote} gold is approaching the levels where it should reverse after, while 2385 is still on the cards, i really doubt it goes beyond 2380 unless its a quick touch and reverse I have started selling @ 2373 and will keep adding until 2380
thats me right now, i have one pending order @2378 and few sell stops as shown below, im planning to tp around 2295
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  • #30,810
  • Apr 11, 2024 3:40pm Apr 11, 2024 3:40pm
Quoting GK12
{quote} Exactly, it need 100-150 dollar correction.
possible, im aiming for 80$ but could do more
  • #30,811
  • Apr 11, 2024 3:52pm Apr 11, 2024 3:52pm
[quote=fxmasterdxb;14827915]{quote} possible, im aiming for 80$ but could do more[/quote

i will wait for tomorrow to add sells, I will sell after a rejection.
  • #30,812
  • Apr 11, 2024 4:07pm Apr 11, 2024 4:07pm
confirming today's move - nothing like hindsight
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In tea leaves we trust!
  • #30,813
  • Edited 5:03pm Apr 11, 2024 4:49pm | Edited 5:03pm
I will keep shorts from 2377.8 with no stop loss. I think it's time for me to start leaving large positions open, even if that goes against all my risk-management rules.

But I will only add more starting from 2420 - 2460.
Attached Image
  • #30,814
  • Apr 11, 2024 5:03pm Apr 11, 2024 5:03pm
Quoting Jonas4
I will keep shorts from 2377.8 with no stop loss. I think it's time for me to start leaving very very large positions open, even if that goes against all my risk-management rules. But I will only add more starting from 2420 - 2460. {image}
Thats exactly the mindset of why gold keeps climbing.
  • #30,815
  • Apr 11, 2024 5:13pm Apr 11, 2024 5:13pm
Quoting fxmasterdxb
{quote} gold is approaching the levels where it should reverse after, while 2385 is still on the cards, i really doubt it goes beyond 2380 unless its a quick touch and reverse I have started selling @ 2373 and will keep adding until 2380
Never assume.
Dont rely on patterns.

Last month candle closed full bull. Best to wait for one last pump n dump before end month closure
Trading is very lonely
  • #30,816
  • Apr 11, 2024 5:24pm Apr 11, 2024 5:24pm
Some numbers to ponder on: How much Gold moves: ADR(100) $26, ADR(10) $42, yesterday $52 = increased volatility.

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Trade Responsibly
It takes a lot for me to IGNORE you, but you can try.
  • #30,817
  • Apr 11, 2024 5:38pm Apr 11, 2024 5:38pm
Quoting luckytujuh
{quote} Never assume. Dont rely on patterns. Last month candle closed full bull. Best to wait for one last pump n dump before end month closure
im sure you have your analysis mechanism, i rely heavily on technical analysis and this time im expecting a drop from analysing weekly/daily pattern, once price reaches my target i will share my rational of selling as i dont like to jinks my trade
  • #30,818
  • Apr 11, 2024 5:52pm Apr 11, 2024 5:52pm
Quoting fxmasterdxb
{quote} thats me right now, i have one pending order @2378 and few sell stops as shown below, im planning to tp around 2295 {image}
alright so my important levels for today is: 2360, 2342, 2330, 2325 & 2318, im expecting temporary supports on 5 mins charts, every level cleared will fuel the move further, my final destination is around 2295, of course this might not happen today
  • #30,819
  • Apr 11, 2024 6:07pm Apr 11, 2024 6:07pm
Quoting Jonas4
I will keep shorts from 2377.8 with no stop loss. I think it's time for me to start leaving large positions open, even if that goes against all my risk-management rules. But I will only add more starting from 2420 - 2460. {image}
Shorting Gold in times like this with No Stop loss is crazy lol. In 5 Minutes Gold could just randomly Sky rocket to 2400 and blow that account... and if you think "Oh if it goes up, it must come back down" I got news for you.
Good luck though
X - https://x.com/macrodave_
  • #30,820
  • Apr 11, 2024 6:11pm Apr 11, 2024 6:11pm
Biden threatens China over attacks on Philippines' vessels

https://www.forexlive.com/news/biden...eaty-20240411/
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