Attachments: Gold

Gold

#57,501
Dec 26, 2024 5:01pm Dec 26, 2024 5:01pm

pray4pips
| Joined Nov 2024 | Status: Trader | 38 Posts

Gold clearly moves differently than the Indices, and it usually moves differently than the currencies, too. Curious if anyone has particular favorite timeframes, moving averages, Stochastic, RSI, or MACD settings that they find are more accurate in giving clues for potential moves/scalping opportunities on Gold? Thx.

#57,502
Dec 26, 2024 5:12pm Dec 26, 2024 5:12pm

Xauusdscalpr
Joined Mar 2023 | Status: Trader | 337 Posts

Quoting Xauusdscalpr

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{quote} If you're serious you shouldnt be trading As my above posts have said, I expect price to tap 2632 so if thats your target you might have a chance still, but market can do anything so don't expect much. My recommendation is to walk away.

Ignored

2632.5 delivered

#57,503
Dec 26, 2024 5:57pm Dec 26, 2024 5:57pm

BiteFX
Joined Dec 2018 | Status: Big Operator | 4,525 Posts

Quoting pray4pips

Disliked

Gold clearly moves differently than the Indices, and it usually moves differently than the currencies, too. Curious if anyone has particular favorite timeframes, moving averages, Stochastic, RSI, or MACD settings that they find are more accurate in giving clues for potential moves/scalping opportunities on Gold? Thx.

Ignored

On H1 TF, use 23 EMA, RSI 10, OBV. Now, what most traders rarely do that I learnt from here... Ask any chatbot to explain to you how to use these indicators to trade XAUUSD specifically, then backtest whatever you have been told. However, PM me if you need clarity.
BiteFX

Learn... Work Hard... Trade Alone

#57,504
Dec 26, 2024 6:01pm Dec 26, 2024 6:01pm

BiteFX
Joined Dec 2018 | Status: Big Operator | 4,525 Posts

Quoting BiteFX

Disliked

{image} B$ 2632 LO. I will post updated levels at D1 close to get R/S levels. We are preparing for the final lap of the alpha jet, until sell Reversal day.

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Got ya! Chicken head.

Learn... Work Hard... Trade Alone

#57,505
Dec 26, 2024 6:05pm Dec 26, 2024 6:05pm

BiteFX
Joined Dec 2018 | Status: Big Operator | 4,525 Posts

Quoting BiteFX

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{quote} {image} Got ya! Chicken head.

Ignored

What do you think about the support and resistance levels?
Now, that resistance was broken yesterday, it will become Support today some way, some how. While the Support held yesterday. If broken today, we will see new lows. But, until then we fly to a new high for a sell reversal daaaaaaaaaaaay.

Learn... Work Hard... Trade Alone

#57,506
Dec 26, 2024 6:17pm Dec 26, 2024 6:17pm

Commodities
| Joined Mar 2024 | Status: Trader | 282 Posts

Quoting Xauusdscalpr

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{quote} 2632.5 delivered

Ignored

Thank you for your analysis it helped me so much, I'm not going to take any more trades now I'm just glad I managed to get out of my position with profit

#57,507
Dec 26, 2024 6:25pm Dec 26, 2024 6:25pm

vankiepsauff
Joined Nov 2023 | Status: Trader | 2,321 Posts

update

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vankiepsauff@gmail

#57,508
Dec 26, 2024 6:34pm Dec 26, 2024 6:34pm

BiteFX
Joined Dec 2018 | Status: Big Operator | 4,525 Posts

What we saw...

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Yellow circle, Friday reversal day.
Blue circle, Thursday continuation day.
Have a lovely weekend and enjoy your Christmas season!

Learn... Work Hard... Trade Alone

#57,509
Dec 26, 2024 6:47pm Dec 26, 2024 6:47pm

fxcontest
Joined Jul 2011 | Status: Trader | 3,130 Posts

Sell 2632 - 28

Holy Betting Grail strategy

#57,510
Dec 26, 2024 7:05pm Dec 26, 2024 7:05pm

Deal
Joined Nov 2024 | Status: Trader | 5,208 Posts

I real need a broker and a good one...
I close my sell in breakeven but my broker in the closing hour just hit my price 2628.745 without close it.
The opposite of yesterday.
Let see if i learn something new.
Despite that i am relief my pattern doesn't fail me.

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#57,511
Dec 26, 2024 7:09pm Dec 26, 2024 7:09pm

BiteFX
Joined Dec 2018 | Status: Big Operator | 4,525 Posts

Quoting fxcontest

Disliked

Sell 2632 - 28

Ignored

Chief, H4 is giving an inside bar... Bullish Harami??? Careful brother.

Learn... Work Hard... Trade Alone

#57,512
Dec 26, 2024 7:32pm Dec 26, 2024 7:32pm

Elliottway
Joined Mar 2024 | Status: Wave Mastery | 1,183 Posts

Quoting Elliottway

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{quote} Loaded one more buy.. {image}

Ignored

I have been trying to scalp with the trend, but I have consistently failed to reach the target. I am now uncertain whether the market is purposely hitting my stoplosses (BE) or if I simply don’t know how to adapt my trades to the market conditions. For example, gold recently held the 2626 support level without reaching my target at 2641, and it has now established a new resistance above that target.

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SURFER

#57,513
Dec 26, 2024 7:45pm Dec 26, 2024 7:45pm

Deal
Joined Nov 2024 | Status: Trader | 5,208 Posts

Quoting Elliottway

Disliked

{quote}I have been trying to scalp with the trend, but I have consistently failed to reach the target. I am now uncertain whether the market is purposely hitting my stoplosses (BE) or if I simply don’t know how to adapt my trades to the market conditions. For example, gold recently held the 2626 support level without reaching my target at 2641, and it has now established a new resistance above that target. {image}

Ignored

I know many of us have diferent ways to identify a shift of momentum.
Despite all this bullish pressure today we failled to breakout my price to consider a shift.
For many of you is just 1H candle, i need at least a 4H candle and in both tf's the interest rates candle was not broken, so i am not total convince.
But is my oppinion and i repeat, i have 2644 marked as an area of liquidity, not a price but a zone.

#57,514
Dec 26, 2024 7:49pm Dec 26, 2024 7:49pm