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  • #45,241
  • Oct 1, 2024 3:07am Oct 1, 2024 3:07am
Quoting SabkaBaap
{quote} toh tujhe kya hindi mein likh kar bataye Mr Khesari lal yadav
what do you say?
i dont understand hendi
  • #45,242
  • Oct 1, 2024 3:09am Oct 1, 2024 3:09am
Quoting Ras62
{quote} thank you for share your idea sir You mean gold fall down now?
Exactly. We'll see...
  • #45,243
  • Oct 1, 2024 3:19am Oct 1, 2024 3:19am
Just a sharing of my thoughts. I found those time often create many doubts among retail traders. Doubts about real movement, especially when big news/data is coming. But when all that past, then we realize those levels turn out to be the really best levels to trade. If it good we gain a lot of profits, but if it bad, we still locked in some profits. Bias, tools, indicators, methods,....all of these are fine when we know when to trade and when to not trade.
  • #45,244
  • Oct 1, 2024 3:31am Oct 1, 2024 3:31am
Quoting Whale
i don't know who knows CRT (Candle Range Theory) but look at the monthly, before any retracement after a bullish candle (bullish candle - Closed above previous candle wick) always we saw a break above first and after that - turtle soup, and down move so, new high first before 2471? {image}
I trade it on the 4H never on the monthly, but I guess same theory applies. Interesting
  • #45,245
  • Oct 1, 2024 3:31am Oct 1, 2024 3:31am
Quoting Whale
{quote} what you don't understant? 1h is the only TF that is Bearish structure price is above Asian range after LO, we looking for long only on PB
I think the retracement is just till 2666
Trading is very lonely
  • #45,246
  • Oct 1, 2024 3:41am Oct 1, 2024 3:41am
Quoting luckytujuh
{quote} I see the current price action i dont understand now. Either big push to 2666 or big drop to 2622
the DX is doing well currencies fell down to new supports but gold seems to be stuck undecided where it’s going
…. It could drop quite fast imo
  • #45,247
  • Oct 1, 2024 3:46am Oct 1, 2024 3:46am
Quoting luckytujuh
{quote} I think the retracement is just till 2666
i think 2664.. but quite close
...I Bet You Ain't Never Seen A Donkey Fly!
  • #45,248
  • Oct 1, 2024 3:56am Oct 1, 2024 3:56am
Quoting d1zzy
{quote} I trade it on the 4H never on the monthly, but I guess same theory applies. Interesting
Every candle is a range.
i use it on HTF only because i need to get the HTF picture and apply it on LTF.

Look on 12M candle ob GU, obviously price looking to get 1.375
so every daily/4h PB is opportunity to long with tp there.
  • #45,249
  • Oct 1, 2024 4:12am Oct 1, 2024 4:12am
Quoting dac.farrokh
UBS | Gold Raising the forecasts - We raise our gold forecasts to USD 2,750/oz by end-2024 (from USD 2,600/oz, USD 2,850/oz by mid-2025 (from USD 2,700/oz, and USD 2,900/oz by end-3Q25 (from USD 2,750/oz). - Gold has risen by 29% this year, consistently breaking records on the way up. Meanwhile, the metal has risen above our long-held year-end target of USD 2,600/oz ahead of schedule. And according to the World Gold Council, it has historically rallied as much as 10% in the six months after the first Fed cut. - As such, we see even higher prices...
Goldman Sachs Precious Metals analysts have raised their gold price forecast from $2,700/oz to $2,900/oz for early 2025 for two reasons.

- "First, our economists now look for faster declines in short-term interest rates in the West and China..."
- "Second, our new nowcast shows that EM central bank purchases (aka the secret buyers) on the London over-the-counter (OTC) market continue to fundamentally drive the rally since 2022, and we believe that these structural purchases will remain elevated."
DAC
  • #45,250
  • Oct 1, 2024 4:21am Oct 1, 2024 4:21am
Quoting Silver-King
Short ở mức 2645$ và SL ở mức khoảng 2655$. TP ở một số mức Hỗ trợ.. thực tế, TP ở mức khoảng 2600$. Hỗ trợ hàng ngày thứ hai và Hỗ trợ chính H4 về cơ bản có cùng mức giá, thấp hơn một chút so với mức 2600$.
I think so too, it could go to the 2548-2560 zone then test the peak again according to the daily frame or the opposite scenario test the peak again according to H4 first and then decrease again. But option 1 is more feasible.
  • #45,251
  • Oct 1, 2024 4:21am Oct 1, 2024 4:21am
Neither here nor there, but we still have the US session to go through and some data to see, meaning decent volatility ahead. Given the late trend during US session, PMs could take a hit, but we'll see...

Price of oil is dropping due to the weak demand as the economies are cratering.
  • #45,252
  • Oct 1, 2024 4:24am Oct 1, 2024 4:24am
Quoting HalikiqeoVN
{quote} I think so too, it could go to the 2548-2560 zone then test the peak again according to the daily frame or the opposite scenario test the peak again according to H4 first and then decrease again. But option 1 is more feasible.
Very possible yeah. Something like that happening I had in mind already.
  • #45,253
  • Oct 1, 2024 4:28am Oct 1, 2024 4:28am
Quoting HalikiqeoVN
{quote} I think so too, it could go to the 2548-2560 zone then test the peak again according to the daily frame or the opposite scenario test the peak again according to H4 first and then decrease again. But option 1 is more feasible.
i also have a similar sentiment. 2560~2580 will be the bull accumulation zone. 2750~3000 is very much possible in the next 5~6 months.
i already started DCA short 0.01 lot size from 2648 zone. i will a short again @2680
  • #45,254
  • Oct 1, 2024 4:37am Oct 1, 2024 4:37am
Quoting Silver-King
{quote} Very possible yeah. Something like that happening I had in mind already.
i think price tuch 2650-2656
and fall fown
  • #45,255
  • Edited 4:54am Oct 1, 2024 4:38am | Edited 4:54am
Quoting Whale
{quote} Every candle is a range. i use it on HTF only because i need to get the HTF picture and apply it on LTF. Look on 12M candle ob GU, obviously price looking to get 1.375 so every daily/4h PB is opportunity to long with tp there.
True that,

I just prefer it on the 4H for a nice juicy intraday trade. I don’t trade GU but that sounds like a good entry
  • #45,256
  • Oct 1, 2024 4:42am Oct 1, 2024 4:42am
It could be only in my mind. But it seem very few including me, are actually stick to the plan of buying from 2630 area. Actually had been waiting for that levels since last Wednesday. What happened?
  • #45,257
  • Oct 1, 2024 4:53am Oct 1, 2024 4:53am
Quoting PushnPull
It could be only in my mind. But it seem very few including me, are actually stick to the plan of buying from 2630 area. Actually had been waiting for that levels since last Wednesday. What happened?
bro yesterday it tocuhed 2624~25 zone.
  • #45,258
  • Oct 1, 2024 5:00am Oct 1, 2024 5:00am
Quoting dilidanjaro
{quote} not yet! we're going a little bit lower
little bit, little bit, little bit.

My target for today's trade is 2665
Success is not final, failure is not fatal... - Winston Churchill
  • #45,259
  • Oct 1, 2024 5:14am Oct 1, 2024 5:14am
Quoting d1zzy
{quote} True that, I just prefer it on the 4H for a nice juicy intraday trade. I don’t trade GU but that sounds like a good entry
Use it where you find you sweet spot.
if you profitable with it is great, and rest are just dosent matter.
  • #45,260
  • Oct 1, 2024 5:16am Oct 1, 2024 5:16am
Quoting Tintin2014
{quote} bro yesterday it tocuhed 2624~25 zone.
Yes it did. But did it stay below that? It drop because of Powell, but wasn't that move short lived?
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