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Only Gold (XAUUSD)

  • #41
  • Aug 27, 2024 3:54am Aug 27, 2024 3:54am
Quoting ahmerjamil
{quote} 2,511 44EMA may offer resistance, Let's see!
..and if it drops to 200 hourly ma it can act as support! 2517.50 is capping for now.
Looking for profitable short term trades ...|
  • #42
  • Aug 27, 2024 7:00am Aug 27, 2024 7:00am
Quoting ahmerjamil
{quote} 2,511 44EMA may offer resistance, Let's see!
Still Holds!
Attached Image (click to enlarge)
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Stop Procrastinating
  • #43
  • Aug 27, 2024 7:46am Aug 27, 2024 7:46am
Quoting Fadhl
Nice thread! Wish you good luck! Gold must close above 2518 (Friday HH) to be bullish. Any close below that level, it's bearish in my view. The ST target for buyers is +2577. {image}
Gold closed below 2518 yesterday; it's a bearish candle. also it broke TL and formed H&S pattern. From FA, risk of war is completely out for now and rate cut are coming. My ST outlook is Sell.
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If Consumer confidence data is green, it's not good for Gold.
  • #44
  • Aug 27, 2024 7:52am Aug 27, 2024 7:52am
The next stop for gold is 2501
Lost in Narrative
  • #45
  • Aug 27, 2024 7:55am Aug 27, 2024 7:55am
Quoting R4sh
The next stop for gold is 2501
2494. Check again.
Trading is very lonely
  • #46
  • Aug 27, 2024 8:28am Aug 27, 2024 8:28am
Quoting ahmerjamil
{quote} And right now I'm seeing H1 something like this! Bearish channel:{image}
Quoting R4sh
The next stop for gold is 2501
Exactly, 2.501, Bearish channel TL support!
Attached Image (click to enlarge)
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Stop Procrastinating
  • #47
  • Aug 27, 2024 8:31am Aug 27, 2024 8:31am
Quoting ahmerjamil
{quote} {quote} Exactly, 2.501, Bearish channel TL support! {image}
Quoting luckytujuh
{quote} 2494. Check again.
& Yeah 2,494 is next red trendline support!
Attached Image (click to enlarge)
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Stop Procrastinating
  • #48
  • Aug 27, 2024 8:42am Aug 27, 2024 8:42am
Quoting ahmerjamil
{quote} {quote} Exactly, 2.501, Bearish channel TL support!{image}
Resistance: 2,514!
Stop Procrastinating
  • #49
  • Aug 27, 2024 9:24am Aug 27, 2024 9:24am
Guys, guys. There's currently no such thing as resistance in gold. It's completely unleashed and it doesn't make any sense. At all. Could be 2700, 3000 any day now.

Until this mayhem is over, better stay out of this tulip-market.
  • #50
  • Aug 27, 2024 12:54pm Aug 27, 2024 12:54pm
Quoting ahmerjamil
{quote} And right now I'm seeing H1 something like this! Based on this bearish channel: I am marking, Support: 2,503, & Resistance: 2516! {image}
This support worked and now it is going up destroying all the resistance!
Attached Image (click to enlarge)
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Stop Procrastinating
  • #51
  • Aug 27, 2024 2:14pm Aug 27, 2024 2:14pm
Spot Gold has been making new alltime highs for awhile now. There is basically no overhead resistance, short at your own peril unless key support breaks. Even then I would stay short for very long.

Also Dollar Index shows no sign, at least currently, of bottoming out soon.
  • #52
  • Aug 28, 2024 12:29am Aug 28, 2024 12:29am
opinion?
XAUUSD 1H 28/08/2024

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  • #53
  • Aug 28, 2024 2:10am Aug 28, 2024 2:10am
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Stop Procrastinating
  • #54
  • Aug 28, 2024 6:00am Aug 28, 2024 6:00am
Quoting ahmerjamil
{quote} {quote} & Yeah 2,494 is next red trendline support! {image}
Remember 2494
Trading is very lonely
  • #55
  • Aug 28, 2024 6:09am Aug 28, 2024 6:09am
Quoting luckytujuh
{quote} Remember 2494
Yeah, Here is current TL's!
Attached Image (click to enlarge)
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Stop Procrastinating
  • #56
  • Aug 28, 2024 8:11am Aug 28, 2024 8:11am
2494 perfect reversal.
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  • #57
  • Aug 28, 2024 8:31am Aug 28, 2024 8:31am
Quoting tengut
2494 perfect reversal. {image}
Hold it. Next support is way below. I check now and get back to you
Trading is very lonely
  • #58
  • Aug 28, 2024 8:32am Aug 28, 2024 8:32am
missed my buy
Attached Image (click to enlarge)
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Market is Open University, Just have To Do PHD
  • #59
  • Aug 28, 2024 8:35am Aug 28, 2024 8:35am
Quoting luckytujuh
{quote} Hold it. Next support is way below. I check now and get back to you

Found it. This current 2494 should retrace back to 2518 before deciding to break ath.

Should price break 2486 cut ur buys another support waiting at 2458
Trading is very lonely
  • #60
  • Aug 28, 2024 8:41am Aug 28, 2024 8:41am
anyone ict trader here ???
Market is Open University, Just have To Do PHD
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