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  • #41,481
  • Sep 6, 2024 7:46am Sep 6, 2024 7:46am
Need to resist the urge to add longs i think it's not worth the risk
  • #41,482
  • Sep 6, 2024 7:49am Sep 6, 2024 7:49am
Quoting SnakeDok
Need to resist the urge to add longs i think it's not worth the risk
I actually agree. I thought about adding some more Longs on the Silver, but I won't. Until Gold breaks that Resistance I won't be doing anything.
  • #41,483
  • Sep 6, 2024 7:51am Sep 6, 2024 7:51am
Closed my longs, the news were positive, added 2525 SL 2532- 35 TP open till we get to 2470-50
  • #41,484
  • Sep 6, 2024 7:53am Sep 6, 2024 7:53am
In speech just after release of jobs data, NY Fed Williams says “it is now appropriate to dial down the degree of restrictiveness in the stance of policy by reducing the target range for the federal funds rate.”

He's considered a hawk and later Waller speaks and he's considered a dove, so more fuel for the Gold should be added a bit later.

They could torture us until London close.
  • #41,485
  • Sep 6, 2024 7:55am Sep 6, 2024 7:55am
Wait for closed h4 candle breaking the daily upper channel border at around 2524. Then going long makes absolute sense to me.
https://goldtraderapp.com
  • #41,486
  • Sep 6, 2024 8:02am Sep 6, 2024 8:02am
Quoting ScalaFX
{quote} closed all at 2524, now only watching
Wise decision, even with this data which fades the fear of recession, Resistance still holds.
However, tick up in wages might lead to tick up in cpi as even beige book saw possible to cpi tick up.
Attached Image (click to enlarge)
Click to Enlarge Name: GOLD_2024-09-06_17-00-03.png Size: 78 KB


Fall depend of 4hr candle close.
Revised all my EW counts based on data.
Even SPX.
Overall picture turn to bull, swing long setup quite difficult, might play with scalping for the moment.
More time in the market, does not mean you trade better!
  • #41,487
  • Sep 6, 2024 8:02am Sep 6, 2024 8:02am
Such poor numbers and ATH is in place.

i wanna wait for LC to enter the market.
2470 is a wish base weekly IDB.
  • #41,488
  • Sep 6, 2024 8:05am Sep 6, 2024 8:05am
Quoting Whale
Such poor numbers and ATH is in place. i wanna wait for LC to enter the market. 2470 is a wish base weekly IDB.
Wishers come true patience
average dude treading water
  • #41,489
  • Sep 6, 2024 8:06am Sep 6, 2024 8:06am
NFP was decent actually around 150k. Revision was bad. AHE was pretty good and UER fell to 4.2%. All in all, this wasn't a catastrophe that the market expected to happen.
  • #41,490
  • Sep 6, 2024 8:07am Sep 6, 2024 8:07am
2530 rejected ones again
  • #41,491
  • Sep 6, 2024 8:09am Sep 6, 2024 8:09am
Today broker’s can manipulate too.
  • #41,492
  • Sep 6, 2024 8:09am Sep 6, 2024 8:09am
Quoting Eren10
2530 rejected ones again
I only need one more (this one right now) H4 candle to close and I'll make my decision. As it stands now, I'll be dumping Longs on the Silver relatively soon it seems.

Longs at 28.71$ just closed.

28.30$ and 28.20$ still remain, for now...
  • #41,493
  • Sep 6, 2024 8:10am Sep 6, 2024 8:10am
Quoting TingKS
{quote} wao, bro. May i know why so confidence can reach 2050 to 2200. In my view, it will reach 2280 level if possible only, as too many seller stuck at 2280 to 2320 area. But 2200 zone, look too far away. May i know, your estimating when it will be there? next year or? Sorry for me as just want to know where is ur point, and put your point into my analysis. Thank you for sharing.
Firstly respect to your analysis

More over I've to say about the monthly candles as you can see that we have a Doji candle around that area gold should reach there and then touch up targets .
it will reach soon maybe start in next month or 2 month later but it should be
  • #41,494
  • Sep 6, 2024 8:15am Sep 6, 2024 8:15am
Quoting lucky23forex
Today broker’s can manipulate too.
Then look for an ECN broker, they cannot do much about altering price data just to take your stops.
More time in the market, does not mean you trade better!
  • #41,495
  • Sep 6, 2024 8:17am Sep 6, 2024 8:17am
Will it keep on falling or bounce back up
average dude treading water
  • #41,496
  • Sep 6, 2024 8:19am Sep 6, 2024 8:19am
Quoting MIKKI
Will it keep on falling or bounce back up
It looks bad... if H4 closes below 2497$, this would be a big clue that we're going down hard.
  • #41,497
  • Sep 6, 2024 8:22am Sep 6, 2024 8:22am
Quoting Silver-King
{quote} It looks bad... if H4 closes below 2497$, this would be a big clue that we're going down hard.
That's exactly what I want
average dude treading water
  • #41,498
  • Sep 6, 2024 8:25am Sep 6, 2024 8:25am
My sells are holding up pretty nicely, stops to break even, now I can sleep
  • #41,499
  • Sep 6, 2024 8:29am Sep 6, 2024 8:29am
I took 2511 sell entry st= 2520. Can i hold it. I am a new reader. please give me some valuable suggestion
  • #41,500
  • Sep 6, 2024 8:32am Sep 6, 2024 8:32am
Daily Support is at 2506$, that is why there's a struggle here.
I added few Longs just for the sake of it at 2507.500$. Will close immediately if this Support starts failing.
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