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  • #36,121
  • Jul 22, 2024 8:36am Jul 22, 2024 8:36am
Quoting Techknow
Hey guys, I hope your week started good. Carrying on from last week here, the bears never lost control. If we don't stay above 2400 here, I'm having an extremely hard time thinking we do not see the 2368 (3/4 previous weekly hanging man which is min TP for this formation)-2350 (Bottom HM) -2280 area (Major support and gap fill). . Watch 2400 closely {image}
Still fighting for 2400, all eyes should be on 2400 for direction.
TechKnow
  • #36,122
  • Jul 22, 2024 8:50am Jul 22, 2024 8:50am
Quoting LuckyPunk
{quote} Yeah.. i think squeeze it's coming.. last 8 days of month if will end red, August/September they will takeout many longs.. before going higher {image}
From seasonality perspective, second half of July into first week of August is the strongest period...then sideways/down trend in over 70% of cases over the last 15 years....till late October with honeymoon season starting in India, which increases demand
  • #36,123
  • Jul 22, 2024 8:54am Jul 22, 2024 8:54am
If price slips through first line, it will be hard to tell where between the two lines next support will appear.
In an extreme case, both lines could be crossed.

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ma ma make me happy
  • #36,124
  • Jul 22, 2024 9:03am Jul 22, 2024 9:03am
Quoting hanzohas
If price slips through first line, it will be hard to tell where between the two lines next support will appear. In an extreme case, both lines could be crossed. {image}
I'm sure you're right
How to succeed in zero sum game?
  • #36,125
  • Jul 22, 2024 9:03am Jul 22, 2024 9:03am
Quoting de5151
The COT data shows the big boys have been loading up on longs and now we have the most big boy longs of all time. {image} My opinion is that we are headed to all time highs over 2500 soon, probably this week.
Hello Sir,

Do you know how these numbers appear there exactly?

Thanks
How to succeed in zero sum game?
  • #36,126
  • Jul 22, 2024 9:35am Jul 22, 2024 9:35am
Quoting Techknow
Hey guys, I hope your week started good. Carrying on from last week here, the bears never lost control. If we don't stay above 2400 here, I'm having an extremely hard time thinking we do not see the 2368 (3/4 previous weekly hanging man which is min TP for this formation)-2350 (Bottom HM) -2280 area (Major support and gap fill). . Watch 2400 closely {image}
Too late for 2400 my previous post and targets apply stops at 2398 +1 for now. Risk free.
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TechKnow
  • #36,127
  • Jul 22, 2024 9:58am Jul 22, 2024 9:58am
Quoting Techknow
{quote} Too late for 2400 my previous post and targets apply stops at 2398 +1 for now. Risk free. {image}
If you want to be conservative, you can wait for a retest or a 4-hour close below the neckline. I took half profit on my positions from 2398-2384. Will let the rest run. Will start lookin for new trades
TechKnow
  • #36,128
  • Jul 22, 2024 10:05am Jul 22, 2024 10:05am
key level for bulls now : 2393.75
The Average Discount Everything
  • #36,129
  • Jul 22, 2024 10:05am Jul 22, 2024 10:05am
Quoting Techknow
{quote} If you want to be conservative, you can wait for a retest or a 4-hour close below the neckline. I took half profit on my positions from 2398-2384. Will let the rest run. Will start lookin for new trades
I'm not going to experiment too much with support levels this time.
This is my current mode, will just watch. Maybe even add short crumbs.

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ma ma make me happy
  • #36,130
  • Jul 22, 2024 10:21am Jul 22, 2024 10:21am
Quoting Dayi
{quote} From seasonality perspective, second half of July into first week of August is the strongest period...then sideways/down trend in over 70% of cases over the last 15 years....till late October with honeymoon season starting in India, which increases demand
This is what I got for seasonal tendency.
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  • #36,131
  • Jul 22, 2024 10:27am Jul 22, 2024 10:27am

Gold, near the buying zone #medium to long-term trading

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  • #36,132
  • Jul 22, 2024 10:44am Jul 22, 2024 10:44am
Majority of you guys are thinking bulls as this thing is going down
Drawdown is more important than Account Size !
  • #36,133
  • Jul 22, 2024 10:50am Jul 22, 2024 10:50am
Quoting procrude
Majority of you guys are thinking bulls as this thing is going down
I'm pretty sure it's going down because majority of people here think it's bullish
How to succeed in zero sum game?
  • #36,134
  • Jul 22, 2024 12:29pm Jul 22, 2024 12:29pm
I think I am the only one here thinking Gold will spill to 2150 before it can start hunting for 3000+. But hey, it is a long-term thing anyway. Patience is KING in this here game.
  • #36,135
  • Jul 22, 2024 12:34pm Jul 22, 2024 12:34pm
Dont be surprised if we get a move to 2440 2460 if we break above 2400. NU still has an upside gap tp fill and could drag gold on the way.
TechKnow
  • #36,136
  • Jul 22, 2024 1:46pm Jul 22, 2024 1:46pm
Quoting Ras62
{quote} i send it my freind
_________ hav to buy New laptop + car
Don’t focus on making $$$, focus on protecting what you have.
  • #36,137
  • Jul 22, 2024 5:47pm Jul 22, 2024 5:47pm
Based on that Fibonacci I think the price may be reaching a discount zone and from there it may go up, what do you guys think?
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  • #36,138
  • Jul 22, 2024 6:05pm Jul 22, 2024 6:05pm
Hello All Respected Senior According To All Your Analysis What Can Be The Direction Of Gold Today Can Anyone Guide?
  • #36,139
  • Jul 22, 2024 6:47pm Jul 22, 2024 6:47pm
Quoting Mriaz1
Hello All Respected Senior According To All Your Analysis What Can Be The Direction Of Gold Today Can Anyone Guide?
Up, but then again it could go down.
  • #36,140
  • Jul 22, 2024 9:19pm Jul 22, 2024 9:19pm
Quoting Mriaz1
Hello All Respected Senior According To All Your Analysis What Can Be The Direction Of Gold Today Can Anyone Guide?
No problem, this is trading GOLD

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