Gold | Page 1831 | Crypto Craft

Options

Go to
Permalinks
Print Thread

Related Instruments

Gold/USD

Attachments: Gold
Exit Attachments

Gold

  • #36,601
  • Jul 30, 2024 12:18pm Jul 30, 2024 12:18pm
Quoting ScalaFX
{quote} no, earlier positions have this stop, after such a move I dont set stop becouse this move is this all about, clearing stops before strong move down

Did your earlier positions get stopped out?


btw this move up is rather a reaction to a world news event than clearing stops.
  • #36,602
  • Jul 30, 2024 12:19pm Jul 30, 2024 12:19pm
Quoting ScalaFX
{quote} no, earlier positions have this stop, after such a move I dont set stop becouse this move is this all about, clearing stops before strong move down
My friend is in a hurry again. Previously we said we would patiently wait for the sale from 2440-2460. Just be patient, my friend. good luck
  • #36,603
  • Jul 30, 2024 12:21pm Jul 30, 2024 12:21pm
Quoting ScalaFX
{quote} no, earlier positions have this stop, after such a move I dont set stop becouse this move is this all about, clearing stops before strong move down
Want to go short at this 4hr OFRA, but the same supply zone failed to hold in futures chart, increase the probability for the spot supply zone to fail too.
Just my thought.
More time in the market, does not mean you trade better!
  • #36,604
  • Jul 30, 2024 12:21pm Jul 30, 2024 12:21pm
Quoting mades
{quote} Did your earlier positions get stopped out? btw this move up is rather a reaction to a world news event than clearing stops.
what News?
People don't plan to lose. They lose because they don't plan.
  • #36,605
  • Jul 30, 2024 12:24pm Jul 30, 2024 12:24pm
Quoting ScalaFX
{quote} what News?
It's on the main page (Beirut explosion).
  • #36,606
  • Jul 30, 2024 12:29pm Jul 30, 2024 12:29pm
Quoting mades
{quote} It's on the main page (Beirut explosion).
oh I see now, so maybe this is one of this info that move up some, but still my system tells me to sell so I stick to, SL mental till now 2425
People don't plan to lose. They lose because they don't plan.
  • #36,607
  • Jul 30, 2024 12:34pm Jul 30, 2024 12:34pm
Quoting DubaiFX
Hello Guys, if i want to sell i will be very very careful, this week we have NFP and tomorrow no changes expected in FOMC, but it could still change the sentiment, and to my estimate Sentiment is still not down as it should have been after 100$ Drop, so i am out not trading gold ATM, but if i want to sell i will look for 2425 and above, and buy i have limit order set for 2360 will look for 2390-2400 again, but sell i will wait, you guys might be looking a small target, which could be fine, i never understood the 3-5$ moves in gold in 15M charts...
Tomorrow Powell statement will be more important than the rate itself. I don't see any reason why powell will be hawkish,
3 consecutive months of falling interest, conserning unemployment rate, good GDP for soft landing.
Even tho 3.0% still high, but i think he will say progress in inf is good, hike out of table, when to cut, cant wait for 2.0% to start cutting
So thats put 2.5 to 2.9% on the table to start cutting. Since real interest rate, getting wider, it becomes more restrictive.
More time in the market, does not mean you trade better!
  • #36,608
  • Jul 30, 2024 12:49pm Jul 30, 2024 12:49pm
Quoting ScalaFX
{quote} hit, sold better price 2395
you have any graph to show your trade ?
  • #36,609
  • Jul 30, 2024 1:01pm Jul 30, 2024 1:01pm
Quoting wiseguy0
{quote} you have any graph to show your trade ?
no
People don't plan to lose. They lose because they don't plan.
  • #36,610
  • Jul 30, 2024 1:04pm Jul 30, 2024 1:04pm
Someone locked in buys
Attached Image (click to enlarge)
Click to Enlarge Name: IMG_2566.jpeg Size: 170 KB
How to succeed in zero sum game?
  • #36,611
  • Jul 30, 2024 1:12pm Jul 30, 2024 1:12pm
Quoting Fardeen1209
{quote} Tomorrow Powell statement will be more important than the rate itself. I don't see any reason why powell will be hawkish, 3 consecutive months of falling interest, conserning unemployment rate, good GDP for soft landing. Even tho 3.0% still high, but i think he will say progress in inf is good, hike out of table, when to cut, cant wait for 2.0% to start cutting So thats put 2.5 to 2.9% on the table to start cutting. Since real interest rate, getting wider, it becomes more restrictive.
Nice ANALYSIS,
but in my view gold will go bak atleast temporary to 2430 and 2450 is still in the cars and if NFP disspoints then say hello to 2460 again,
lets see what powell say,
but it will drop before the high that is how market moves,
so that is why i have buy limit at 2360 just in case it happens,
i will get much better price then 2390 or 2400
thank you fardeen,
Good luck i am just a trader,
and it looks liek you are buying and not bad trade i don't know where you bought,
but hold on to it,
i can assure you one thing,
you will not regret it,
and i dont know which system you have or how you execute you trades,
but good luck none the less.

trade safe dear,
remember Leverage is Poison use it wisely
Good luck to you all tomorrow,
have a nice day.
Don't compare your Trades with Others
  • #36,612
  • Jul 30, 2024 1:35pm Jul 30, 2024 1:35pm
Quoting Pro-Nika
gold remain at below key neutralLevel.. i believe this is temporary ..overall i can said still bullish {image}
this is what i think yesterday when we see the price move away from balance area , also we found the banker support the market

no suprise that gold is goind higher to neutralize the bankers position

what an insane
We provide MT5 Bank Level: Join Telegram https://t.me/manwithbank
  • #36,613
  • Jul 30, 2024 1:36pm Jul 30, 2024 1:36pm
Quoting Pro-Nika
Let see how long the bankers will hold the key level NeutralZone {image}
we still in position before nfp
We provide MT5 Bank Level: Join Telegram https://t.me/manwithbank
  • #36,614
  • Jul 30, 2024 1:50pm Jul 30, 2024 1:50pm
Quoting HalikiqeoVN
{quote} My friend is in a hurry again. Previously we said we would patiently wait for the sale from 2440-2460. Just be patient, my friend. good luck
please dont mind but its not SALE its Sell,
if you dont know that much charting is only a tip of the ice berg of this huge Forex market,
soo many things can influence the market,
even Politics,
so that means you have not even basic understanding of Fundamentals,
because there is lot of Misconceptions about Fundamentals,
fundamentals are not About what comes after the news,
Fundamentals is What makes the news,
if you understand during news time you can make a decent profit,
again please dont mind it took me 8 years also to understand how this bloody market works,
its not easy that si why most traders actually 80% traders are technical traders and stat shows on every broker website that 75-80% people loose money in forex,
is that a coincidence that we have 80% technical traders and almost 80% retail traders Loose,
think about it,
choice is your's ignore me, but sooner or later many many has came to me asking how i can learn the fundamentals,
its all about understand you dont need a PHF in Economics,
if that were the case then those PHD economist will not take salaries they will trade for them selves and make million every year,
trust me you are yet ot learn,
and dont worry you will maybe after few months or years you will finally realize that only technicals cannot make you profit in long term sure you can be right few times,
but remember the time you will be wrong,
and that is where many retail traders fail
they fall in love with their position.
and ot detach your self from those trades,
hell its not easy i still struggle even after 17 years,
i don't know about others,
so what did i do?
i hedge and let it ride either way not matter where the market end in few weeks,
i can still get out at good level open the hedge and wait for 100 pips retracement after 300 pips drop and close the trade and no loss,
please no offence dear just sharing my experience,
Good luck.

"Understanding is an Art, and not everyone is an Artist"
Don't compare your Trades with Others
  • #36,615
  • Jul 30, 2024 2:53pm Jul 30, 2024 2:53pm
Hi everyone,
I have a simple question. How gold future and spot prices are correlating? As per my studies, CFDs are derivatives of underlying assets (gold future price i guess). Mostly gold future and spot prices are almost same as I have checked few charts. So it does make sense.
Problem is that currently Gold Future price is very high (GC1! on tradingview), does this mean that spot gold price will follow it? Anyone using future gold price for their analysis?
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 15 KB
  • #36,616
  • Jul 30, 2024 3:07pm Jul 30, 2024 3:07pm
Quoting dempire1
Someone locked in buys {image}
This buying seems a little shady at this moment. No relevant reason because FED isn’t going to cut rates Wednesday and September rate cuts have been priced in already. Maybe some high baller PM sold bonds and started buying in early idk but me with alot smaller pockets would like to see cheaper prices before buying for long term. 2308-2314 ideally. Atleast I earned swap fees for holding shorts.
I’ll remain bearish for now. Gotta see what FED will say tomorrow. Hopefully get better price to Short.
How to succeed in zero sum game?
  • #36,617
  • Jul 30, 2024 3:14pm Jul 30, 2024 3:14pm
Quoting mabsm
Hi everyone, I have a simple question. How gold future and spot prices are correlating? As per my studies, CFDs are derivatives of underlying assets (gold future price i guess). Mostly gold future and spot prices are almost same as I have checked few charts. So it does make sense. Problem is that currently Gold Future price is very high (GC1! on tradingview), does this mean that spot gold price will follow it? Anyone using future gold price for their analysis? {image}
I hope that helps https://www.orbex.com/blog/en/2016/1...rent-spot-gold
DAC | Investor, Trader. Fund Manager at Vantage Markets
  • #36,618
  • Jul 30, 2024 3:34pm Jul 30, 2024 3:34pm
Quoting ScalaFX
{quote} next 2405
next 2410, SL 2426 for all positions target 1 2335
People don't plan to lose. They lose because they don't plan.
  • #36,619
  • Jul 30, 2024 3:41pm Jul 30, 2024 3:41pm
Quoting goly6one
{quote} I hope that helps https://www.orbex.com/blog/en/2016/1...rent-spot-gold
Thanks for sharing. Can you please shed some light on current scenario? How the big gap in future price can effect spot gold price? Can we use future gold price as leading indicator in this case? Thanks.
  • #36,620
  • Jul 30, 2024 3:56pm Jul 30, 2024 3:56pm
Quoting mabsm
{quote} Thanks for sharing. Can you please shed some light on current scenario? How the big gap in future price can effect spot gold price? Can we use future gold price as leading indicator in this case? Thanks.
No work, they are markets with different rates and objectives.
Research more and try to understand which market makes sense for you to trade, but I believe spot is better.
DAC | Investor, Trader. Fund Manager at Vantage Markets
157 traders viewing now