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  • #34,901
  • Jun 23, 2024 12:16pm Jun 23, 2024 12:16pm
Quoting Silo00
What do you guys think about this? {image}
according to my analysis too its a bull move but there is a slight bearish divergence in the 30min time frame so i am a little confused
  • #34,902
  • Jun 23, 2024 1:57pm Jun 23, 2024 1:57pm
Quoting giveachance
looks like every tom dick and harry have bought gold in last week. 2298 is the level I would watch out for

it’s not about buying gold, it’s about taking Friday’s profits on dollar
  • #34,903
  • Edited 4:26pm Jun 23, 2024 2:18pm | Edited 4:26pm
Quoting Loser11
{quote} according to my analysis too its a bull move but there is a slight bearish divergence in the 30min time frame so i am a little confused
I can be wrong but I can see only 2 scenario
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  • #34,904
  • Jun 23, 2024 6:21pm Jun 23, 2024 6:21pm
3 is a charm
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ryoiki tenkai : Blue Juggernaut
  • #34,905
  • Edited Jun 24, 2024 2:40am Jun 23, 2024 8:46pm | Edited Jun 24, 2024 2:40am
digging deep into this rally this rally from 1600 is coinciding with nvidia breaching 600 ex post stock split price. gold is used in AI chips. any massive fall in nvidia would lead to sell off in gold. I think this whole AI move in tech stocks is so overhyped at this moment. I cant imagine a co which was nowhere in the race outpacing co which have been into business since 1977(Microsoft) and apple(199x) whereabouts. just be careful with gold from hereon. there has been no stock market fall since start of the year. keep that in mind as well.

2331 is a normal move if it has to go up now. on the downside 2293 followed by 2282
  • #34,906
  • Edited Jun 24, 2024 2:35am Jun 23, 2024 11:08pm | Edited Jun 24, 2024 2:35am
Checking probable pa in smaller tf ,probable test 2334/1 before bounce try up instead try direct up from here.take care


Pa near perfect but bull bounce take hurriedly/ prematurely , so either now do or die both possible for short term , more die mode chance +- 2342.27 . Take care , watching
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #34,907
  • Jun 24, 2024 1:05am Jun 24, 2024 1:05am
Bullish today?
  • #34,908
  • Jun 24, 2024 2:37am Jun 24, 2024 2:37am
Quoting Ptr777
Bullish today?
Limbo until it cracks lower than 2300 imo. No serious break since almost 2 months now.
ma ma make me happy
  • #34,909
  • Jun 24, 2024 2:39am Jun 24, 2024 2:39am
Quoting fontu
Checking probable pa in smaller tf ,probable test 2334/1 before bounce try up instead try direct up from here.take care Pa near perfect but bull bounce take hurriedly/ prematurely , so either now do or die both possible for short term , more die mode chance +- 2342.27 . Take care , watching {image} {image} {image}
Thank you Fontu for non-stop quality contribution on here....you are appreciated
  • #34,910
  • Jun 24, 2024 2:53am Jun 24, 2024 2:53am
retracement complete according to fib

4h TF
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Be Calm In Every Situation
  • #34,911
  • Jun 24, 2024 2:55am Jun 24, 2024 2:55am
Quoting Ogscrilla
{quote} Thank you Fontu for non-stop quality contribution on here....you are appreciated
Too much cluster on '40 ....selling for me start at '31 though as the previous candle dipped heavily...looking towards 2268 for TP.
My predictions is that this week would turn out to be a slow one as it is the last week of month, quarterly and mid year plus too much HIN (high impact news ) in the beginning of next month ....have a profitable week ahead y'all
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  • #34,912
  • Jun 24, 2024 3:48am Jun 24, 2024 3:48am
Weekly
Seems It can go to 2150s to me
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Trend following
  • #34,913
  • Jun 24, 2024 3:49am Jun 24, 2024 3:49am
Next selling zone 2333-2344/53
2335.6 daily pivot

Trade Safe
It's all about Timing!!!
  • #34,914
  • Jun 24, 2024 4:30am Jun 24, 2024 4:30am
1h tf
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Be Calm In Every Situation
  • #34,915
  • Edited 5:08am Jun 24, 2024 4:46am | Edited 5:08am
So far good , 3rd trade on the run , short , though may try up 2353 still ,may less chance now as already broen 33 once , retest and hold , so waiting breaks and hold 2333 for bottom play , if so then breakout at 2329 possible. Take care
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #34,916
  • Jun 24, 2024 5:19am Jun 24, 2024 5:19am
May i ask which symbol you base your charts on? As prices are lower based on Gold/USD spot from Forex data.
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  • #34,917
  • Edited 5:32am Jun 24, 2024 5:20am | Edited 5:32am
Quoting Ogscrilla
{quote} Too much cluster on '40 ....selling for me start at '31 though as the previous candle dipped heavily...looking towards 2268 for TP. My predictions is that this week would turn out to be a slow one as it is the last week of month, quarterly and mid year plus too much HIN (high impact news ) in the beginning of next month ....have a profitable week ahead y'all {image}
This month bounce likely already done , rejected so far and monthly sell off overhead , will difficult recover over all time high anyway this month , so only option tanking further lows. Week analysis also in favour of correction throughout this week and next even ,!
https://www.forexfactory.com/thread/...9#post14908959
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #34,918
  • Jun 24, 2024 5:50am Jun 24, 2024 5:50am
Quoting fontu
{quote} This month bounce likely already done , rejected so far and monthly sell off overhead , will difficult recover over all time high anyway this month , so only option tanking further lows. Week analysis also in favour of correction throughout this week and next even ,! https://www.forexfactory.com/thread/...9#post14908959 {image}
No doubt ....another thing without doubt is market would always give a second entry I'm integrating that fact in my risk mngt.
  • #34,919
  • Jun 24, 2024 6:27am Jun 24, 2024 6:27am
waiting for new High of the day for gold.. no short yet.
  • #34,920
  • Jun 24, 2024 7:33am Jun 24, 2024 7:33am
2HR (correct me if I am looking at it wrong)

1. Price Movement: Gold prices have fluctuated between $2,290 and $2,360. Recently, there was a sharp drop from around $2,360 to below $2,310, followed by a partial recovery. This indicates that the market is experiencing high volatility with significant intraday swings.

2. S/R:
- Support: The key support level is around $2,310, where the price has found a base multiple times.
- Resistance: Immediate resistance is around $2,335, followed by a more significant level at $2,360.

4. Outlook:
- Bull Scenario: If the price breaks above $2,335 and sustains above the moving averages, it could test the $2,360 resistance level again. A break above $2,360 might indicate a more sustained upward trend.
- Bear Scenario: If the price fails to hold above $2,310, we could see further declines, possibly testing lower support levels around $2,290 or even lower.

In summary, the gold market is currently in a state of consolidation with high volatility. We should watch the key levels of $2,310 (support) and $2,335 to $2,360 (resistance) for potential breakouts. The market's next move will likely be influenced by how the price interacts with these levels.
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