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  • #55,901
  • Dec 12, 2024 11:54am Dec 12, 2024 11:54am
I have a swing sell.

The PPI was double the prediction. then Daily brief from Reuters is talking about peace between Israel and "Palestinian party" not Hamas. for a while peace and release of hostages. also talks about situation in Syria stabilizing. these are all bearish for Gold. I keep it tomorrow hopefully retracement doesn't hit my stop loss at 2713.
  • #55,902
  • Dec 12, 2024 11:58am Dec 12, 2024 11:58am
Quoting Siawosh
I have a swing sell. The PPI was double the prediction. then Daily brief from Reuters is talking about peace between Israel and "Palestinian party" not Hamas. for a while peace and release of hostages. also talks about situation in Syria stabilizing. these are all bearish for Gold. I keep it tomorrow hopefully retracement doesn't hit my stop loss at 2713.
Selling from 2690 would be a good option
  • #55,903
  • Dec 12, 2024 11:58am Dec 12, 2024 11:58am
Quoting Siawosh
I have a swing sell. The PPI was double the prediction. then Daily brief from Reuters is talking about peace between Israel and "Palestinian party" not Hamas. for a while peace and release of hostages. also talks about situation in Syria stabilizing. these are all bearish for Gold. I keep it tomorrow hopefully retracement doesn't hit my stop loss at 2713.
2690 break above. Straight to your sl number only.
SURFER
  • #55,904
  • Dec 12, 2024 12:00pm Dec 12, 2024 12:00pm
Quoting BiteFX
{quote} A setup is forming... I will wait to see what it is. Then trade it accordingly.
  • #55,905
  • Dec 12, 2024 12:01pm Dec 12, 2024 12:01pm
Quoting oliverlee
{quote} I let impulse get the better of me at 2677 and am now in a sell which could backfire. Another lesson learnt
Brother, this business of ours needs complete full service matching order FSMO kit.
I had to pull up my old PIVOT calc app from play store to check some things out.
I will be adding to my analysis going forward.
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Learn... Work Hard... Trade Alone
  • #55,906
  • Dec 12, 2024 12:01pm Dec 12, 2024 12:01pm
Quoting Elliottway
{quote}2690 break above. Straight to your sl number only.
2700-03 resist
  • #55,907
  • Dec 12, 2024 12:07pm Dec 12, 2024 12:07pm
Quoting Elliottway
{quote}2690 break above. Straight to your sl number only.
Agreed. MOved the Sl to 2705
  • #55,908
  • Edited 12:30pm Dec 12, 2024 12:14pm | Edited 12:30pm
I buy to get the TP 2717...
Every day i will enter with 1/10 of my position, 10 days after the bearish move continue i evaluate....
And for me it can end all wars, don't care.
Then the price can do whatever he wants, don't care.

EDIT: At 2706 breakeven
  • #55,909
  • Dec 12, 2024 12:29pm Dec 12, 2024 12:29pm
Quoting Whale
{quote} the structure is red alert.. {image}
as I said in the morning, the structure is red alert.
must be honest and say I though and post 2 weeks ago 2688 will breach but not to 2726. So I lost some on that move.
but today we get the payment back with extra bonus.

IMO no new ATH again before 2410 and below… only my opinion bast on Midterm structure
p.s 4h is bullish still, but momentum is bearish.
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  • #55,910
  • Dec 12, 2024 12:50pm Dec 12, 2024 12:50pm
Quoting Tradersview-
{quote} Selling from 2690 would be a good option
It may fail to return.

the resistance there has been hit 2 times 3rd time it will break and we go higher.

To my understanding Market is coming to the realization of what I know already.

Iran has been defeated. All hopes for them was gone when Assad fled. But market doesn't understand yet.

So for me we are in a bear market.

If the price breaks below 2640 very likely to see a big drop.

That's my opinion.
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  • #55,911
  • Dec 12, 2024 1:12pm Dec 12, 2024 1:12pm
Seems interesting the correlation with silver. In daily it's forming a clearer head and shoulders with lower low in the bottom of the head. Today has drop from the top of the second shoulder at 32.250 and is now stopped at the 30.88 support, as gold is doing.

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  • #55,912
  • Dec 12, 2024 1:28pm Dec 12, 2024 1:28pm
To continue bearish is the same concept that i follow to shift bearish.
Until 1H TF don't close below 2672.360 i never think to sell tomorrow it will be guessing.
Just an observation...
4H is rejecting nicely 21 Sma.
Daily is still with momentum, don't want the daughter pay the bills...
Like today i noticed a possible shift i can not have my eyes blinded with this facts.
But this is from a guy that trade day by day and everyday the story can change, so this facts.
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  • #55,913
  • Dec 12, 2024 1:38pm Dec 12, 2024 1:38pm
I had mentioned earlier. Markets move in 3's, 3 Days of Rise or vice versa, 3 session rise or vice versa or 3 weeks of rise vice versa and so on .. and reversals usually happen on the third day, third week or third month. its a rinse and repeat cycle. when i posted yesterday that "i do not expect the market to drop yesterday", i was in line with the reference of the below posts. Notice how Asia topped it out today, and then LS was unable to continue the momentum when it had turned bearish. the bearish point was when Asia Tops and dumps hard - 88 - 90 pips up and 250+ pips down then rises another 156 pips and LS holds the levels. what all were eyeing was the News event which i call are just triggers to fake you out. Dont just take it as a word from me, but rather track it, you will see it repeats this cycle repeats again and again. Know where you are in the market. Tomorrow the market will continue the dump. when all demand is exhausted, Price moves to a new demand area, and when that happens, expect to see this a waterfall effect like this.


https://www.metalsmine.com/thread/po...0#post15086740
https://www.metalsmine.com/thread/po...2#post15065082
https://www.forexfactory.com/thread/...6#post15066846
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Candlesticks dont move markets, Volume does
  • #55,914
  • Dec 12, 2024 1:39pm Dec 12, 2024 1:39pm
And most important...
Price between the daily and H4 volume.
It enter a lot volume in the low, should mean something when we have a red candle and they don't break the daily support....
Again equal lows and this to the pip... Means liquidity....
But this is me guessing by now...
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  • #55,915
  • Dec 12, 2024 2:05pm Dec 12, 2024 2:05pm
Finally, Gold down and Dollar up, not that I'm trading at this crazy time of the year

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It takes a lot for me to IGNORE you, but you can try.
  • #55,916
  • Dec 12, 2024 2:44pm Dec 12, 2024 2:44pm
Back into gold again. Short 2682
The warrior of good
  • #55,917
  • Dec 12, 2024 2:47pm Dec 12, 2024 2:47pm
Quoting ElCampeador
Back into gold again. Short 2682
I expect my price to be traded against initially.
The warrior of good
  • #55,918
  • Dec 12, 2024 3:15pm Dec 12, 2024 3:15pm
Quoting Whale
{quote} No sl needed?
Dead account does not need sl
  • #55,919
  • Dec 12, 2024 4:28pm Dec 12, 2024 4:28pm
Quoting Erebus
Finally, Gold down and Dollar up, not that I'm trading at this crazy time of the year {image} {image}
exactly crazy time but good pips can be generated
  • #55,920
  • Dec 12, 2024 6:11pm Dec 12, 2024 6:11pm
https://www.forexfactory.com/attachment/image/4837457
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Dominicus