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  • #48,041
  • Oct 22, 2024 5:35am Oct 22, 2024 5:35am
Quoting Abeylyn
Friends and Buddies, Looking at Gold technicals from 30 mins. Chart, it is more likely to go Short today after formation of triangular correction pattern. The triangular formation will be visible inside a lower chart. Basically, the trend is up but price needs to pullback to the centre in conformity with market structure. We are watching out for possibility of Selling after formation of T... Have a nice pipping day all.

I am 51% it will go higher, 49% it will go down.

The previous top did not look like a *real top!!*
  • #48,042
  • Oct 22, 2024 5:36am Oct 22, 2024 5:36am
Quoting Abeylyn
Friends and Buddies, Looking at Gold technicals from 30 mins. Chart, it is more likely to go Short today after formation of triangular correction pattern. The triangular formation will be visible inside a lower chart. Basically, the trend is up but price needs to pullback to the centre in conformity with market structure. We are watching out for possibility of Selling after formation of T... Have a nice pipping day all.
There are buyers at 2730, now 2735 is at battle again.
The market hides a perfect geometry.
  • #48,043
  • Oct 22, 2024 5:36am Oct 22, 2024 5:36am
Quoting Isabella_D
{quote} Will you become better, smarter, more valuable if you anonymously attack PatienceFX like a stalker? Do you have more to do with criticizing his trades than contributing? You're stealing our time. If you ever create a TradeExplorer yourself, I will follow you with interest. Before that, I don't think you're competent enough to boo the marathon runner when he might not do very well, while you came last as a 100m-runner. Conclusion: even if you don't like the trading style of any participant here, deal with it with decency and never as an informer....
Bravo ma'am Lately in the forum i see no-name newbies with big egos that cannot handle a simple friendly advice. But their overreaction, sensitivity, fragile ego tells that they are frustrated losers so they feel the need to boast and show off

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You have to have an IQ higher than 90 to interact with this user.
  • #48,044
  • Oct 22, 2024 5:39am Oct 22, 2024 5:39am
Quoting Abeylyn
Friends and Buddies, Looking at Gold technicals from 30 mins. Chart, it is more likely to go Short today after formation of triangular correction pattern. The triangular formation will be visible inside a lower chart. Basically, the trend is up but price needs to pullback to the centre in conformity with market structure. We are watching out for possibility of Selling after formation of T... Have a nice pipping day all.
I always like to keep mean reversion in mind as well. At some point price is going to want to reconnect with a moving average on the daily. I always have a 9EMA on my charts, and currently the 9EMA on the daily is still below 2700. So either price will go down towards the EMA, or price will go sideways to allow the EMA to catch up.

But everything, everywhere will always revert to the mean, by definition.
  • #48,045
  • Oct 22, 2024 5:46am Oct 22, 2024 5:46am
For now there is no sign of any pullback, price should take previous high as this move down was very inefficent in its nature. Little profit taking probably took place.

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  • #48,046
  • Oct 22, 2024 5:53am Oct 22, 2024 5:53am
Quoting Isabella_D
{quote} Will you become better, smarter, more valuable if you anonymously attack PatienceFX like a stalker? Do you have more to do with criticizing his trades than contributing? You're stealing our time. If you ever create a TradeExplorer yourself, I will follow you with interest. Before that, I don't think you're competent enough to boo the marathon runner when he might not do very well, while you came last as a 100m-runner. Conclusion: even if you don't like the trading style of any participant here, deal with it with decency and never as an informer....
Excellent

It's nice to politely explain once perspective than unnecessary criticism.
Market Structure is the King.....
  • #48,047
  • Oct 22, 2024 5:55am Oct 22, 2024 5:55am
Quoting MrFanciful
All my joking and facetiousness aside, I actually did buy the dip haha {image}
how could you predict .....that it was going up.....
  • #48,048
  • Oct 22, 2024 6:01am Oct 22, 2024 6:01am
Quoting HalikiqeoVN
{quote} jedenfalls habe ich gestern bei 2737 =>> unseren 2718 gewinnbringend verkauft. Heute verkaufe ich noch, warte aber von 2747 -2755 auf einen größeren Rückgang auf 2707
agree
https://www.forexfactory.com/thread/...5#post15035585
XAUUSD H1 2756---> no surprise (but not expected for today)
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  • #48,049
  • Oct 22, 2024 6:03am Oct 22, 2024 6:03am
Gold seems to spare hi up to2745 to2750
  • #48,050
  • Oct 22, 2024 6:04am Oct 22, 2024 6:04am
Quoting kishore8666
{quote} how could you predict .....that it was going up.....
I didn't. Took some losses trying to guess the bottom. Don't be like me.
  • #48,051
  • Oct 22, 2024 6:08am Oct 22, 2024 6:08am
on the long side and still waiting for more "expensive" gold levels ..hope to see 2750 and 2777

Cheers
its all about Karma
  • #48,052
  • Oct 22, 2024 6:08am Oct 22, 2024 6:08am
Quoting worldbankinc
{quote} UPDATE | Trade Idea 55-2024 has triggered SELL {image} {image}
in case your buy stop trigger now, what are you doing with the short?
  • #48,053
  • Oct 22, 2024 6:17am Oct 22, 2024 6:17am
Quoting Eringu
on the long side and still waiting for more "expensive" gold levels ..hope to see 2750 and 2777 Cheers
I didn't mean that gold is expensive, only that it is the most expensive that it has so far been. So if buyers know that the can buy cheaper by allowing the sellers to take over for a bit, why not allow that? The only reason I can think of is that the buyers are operating out of FOMO. If they don't buy it at this price, someone else will. But by doing so, it raises the price making the feel like geniuses for getting in at the right price, failing to realise that it was their buying (collectively) that rose the price.

A self-fulfilling prophecy if you will.
  • #48,054
  • Oct 22, 2024 6:26am Oct 22, 2024 6:26am
Quoting FulMargnAlch
A "real" trend trader right now, who sees "gold only up", who sees selling is wrong — because everyone else is stupid and blind except him. Since he has a BULLISH bias. He thinks only he own the move and any trade against it is considered CONTRARIAN TRADE, STUPID, BLIND, etc. LOL And when people buy, he thinks people won because you followed the trend. LMAO {image}
No one is stupid! We all make mistakes.
There is a lot involved in trading specially gold. It is affected by everything on this planet.
Market doesn't like uncertainty: so gold will keep going up until the end of the election, and if there will be ceasefire in one of the major wars going on we could see a big move down.
No one owns the market. When it comes to trading, 2 traders can make profit on the same day while one going long and the other going short, the trick is in the timing when someone enters the trade. Like yesterday gold rallied all day and then in US session it went back to where it was before the rally started, so both would have been happy and in profit if they entered in the right time.
Some traders like to fight the market for every pip, and that is exhausting, and they are more exposed to the market, others like daily and swing traders are relaxed and make few trades.
For sure it is much easier to trade gold long than short in this market, but it rallied a lot and it still has a lot of room to go up, with gold there is nothing it is too high and it will turn around now.
  • #48,055
  • Oct 22, 2024 6:34am Oct 22, 2024 6:34am
Rising broadening wedge with engulfing candles in both directions
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  • #48,056
  • Oct 22, 2024 6:37am Oct 22, 2024 6:37am
Quoting Isabella_D
{quote} agree https://www.forexfactory.com/thread/...5#post15035585 XAUUSD H1 2756---> no surprise (but not expected for today) {image}
This technicals captures my expectation.

It's an awesome guide to a nice entry point.
Market Structure is the King.....
  • #48,057
  • Oct 22, 2024 6:41am Oct 22, 2024 6:41am
amazingly still in play
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  • #48,058
  • Oct 22, 2024 6:44am Oct 22, 2024 6:44am
Quoting Nordling
{quote} Bravo ma'am Lately in the forum i see no-name newbies with big egos that cannot handle a simple friendly advice. But their overreaction, sensitivity, fragile ego tells that they are frustrated losers so they feel the need to boast and show off {image}
NO-NAME NEWBIES. LMAO

AS IF THE OLD TIMERS HERE ARE ANY BETTER BUT PERPETUATING NONSENSE.

REGURGURATED SECRET FUNDA FORMULA. ALL BS.

PatienceFX is more than 10 years yet only know how to use RSI AND BOLLINGER BANDS. LMAO
The market hides a perfect geometry.
  • #48,059
  • Oct 22, 2024 6:48am Oct 22, 2024 6:48am
SELL SELL SELL TO OUR HEART'S CONTENT!

OLD TIMER HERE WITH BIG NAMES DON'T KNOW ANY BETTER. DON'T BE FOOLED.

LATER WE WILL BUY IF THERE IS A CHANCE.

2730 is important
The market hides a perfect geometry.
  • #48,060
  • Oct 22, 2024 6:52am Oct 22, 2024 6:52am
Quoting FulMargnAlch
{quote} NO-NAME NEWBIES. LMAO AS IF THE OLD TIMERS HERE ARE ANY BETTER BUT PERPETUATING NONSENSE. REGURGURATED SECRET FUNDA FORMULA. ALL BS. PatienceFX is more than 10 years yet only know how to use RSI AND BOLLINGER BANDS. LMAO
so?
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