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  • #64,141
  • Feb 11, 2025 6:35pm Feb 11, 2025 6:35pm
Quoting dailyprofit
seems the downtrend will come... anyone put Sell?
Sell on retracement until CPI numbers are out, Retracement might well go till 2926/2947 even a new ATH as the bullish wave is very strong still and every down moves up sharply, so a new ATH and FALL BOOOOOOM would be nice to see and the drop will take us altogether more than 100$ drop to 2810 zone !!!!
  • #64,142
  • Feb 11, 2025 6:49pm Feb 11, 2025 6:49pm
Hi there , Yesterday we look up the bearish like needle sharp candle , drop 400pips in 10 min , now is gonna stop the top price recent at 2942 , DO NOT LOOK BULL AGAIN UNTIL FRIDAY , what happen next just wait the retest area
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  • #64,143
  • Feb 11, 2025 7:04pm Feb 11, 2025 7:04pm
who catch up 700pips ? just two days , (see my explain few days ago) , this help you make huge profit
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  • #64,144
  • Feb 11, 2025 7:17pm Feb 11, 2025 7:17pm
2868 here we go again....
  • #64,145
  • Feb 11, 2025 7:23pm Feb 11, 2025 7:23pm
so many attempts on bulls side but no huge demand coming in. Im saying hello to 2870 as I see more push to the south.
  • #64,146
  • Feb 11, 2025 7:26pm Feb 11, 2025 7:26pm
Quoting Deal
2868 here we go again....
Caution at 2883.025.
Trading is not about feelings but i really don't feel Asia with momentum...
  • #64,147
  • Feb 11, 2025 7:29pm Feb 11, 2025 7:29pm
Quoting goldsimp
so many attempts on bulls side but no huge demand coming in. Im saying hello to 2870 as I see more push to the south.
The relationship between the **U.S. Dollar Index (DXY)** and gold prices is typically inverse. Here are some key points:

1. **Inverse Correlation**: When the U.S. dollar strengthens, gold prices tend to fall, and vice versa. This is because gold is priced in U.S. dollars, so a stronger dollar makes gold more expensive for investors using other currencies, reducing demand.

2. **Safe-Haven Assets**: Both gold and the U.S. dollar are considered safe-haven assets. During times of economic uncertainty, investors may flock to one or the other, influencing their prices.

3. **Monetary Policy**: U.S. monetary policy, including interest rate changes by the Federal Reserve, can impact both the dollar and gold prices. For example, higher interest rates can strengthen the dollar, leading to lower gold prices.

4. **Historical Trends**: Over the past decade, there have been periods where the inverse relationship between the dollar and gold has been more pronounced, influenced by various economic events and policy decisions.

Understanding this relationship can help traders and investors make more informed decisions when dealing with gold and currency markets.
MAY THE TREND BE WITH YOU
  • #64,148
  • Feb 11, 2025 8:04pm Feb 11, 2025 8:04pm
Quoting Deal
{quote} Caution at 2883.025. Trading is not about feelings but i really don't feel Asia with momentum...
2888 is showing strong rejection at price, i am out again, and waiting for london...
  • #64,149
  • Feb 11, 2025 8:45pm Feb 11, 2025 8:45pm
Update: The Asia Killzone has closed.

For a sell position, these are the potential take-profit levels:

2868.54,
2853.43,
2838.32,
2823.21,
2808.10.

For a buy position, here are the potential take-profit levels:

2913.87,
2928.98,
2944.09,
2959.20,
2974.31.

Reminder: These levels are not 100% guaranteed; this is simply my personal analysis.
I don’t follow the crowd — I follow my system. The rest is just noise.
  • #64,150
  • Feb 11, 2025 9:03pm Feb 11, 2025 9:03pm
2882 support decides
  • #64,151
  • Feb 11, 2025 9:07pm Feb 11, 2025 9:07pm
After GBPJPY humbled me yesterday twice . I ran to Gold my love for recovery
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ryoiki tenkai : Blue Juggernaut
  • #64,152
  • Feb 11, 2025 9:11pm Feb 11, 2025 9:11pm
this is a very neat chart, there is simply no way anyone can make any mistake here
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  • #64,153
  • Feb 11, 2025 9:16pm Feb 11, 2025 9:16pm
Quoting PatienceFx
2882 support decides
90% chance gold will bounce at 2882 and continue its journey above 2900

10% chance it will try for 2850
  • #64,154
  • Feb 11, 2025 9:19pm Feb 11, 2025 9:19pm
Quoting PatienceFx
{quote} 90% chance gold will bounce at 2882 and continue its journey above 2900 10% chance it will try for 2850
I agree, we can even see 2950 today in NY SESSION
  • #64,155
  • Feb 11, 2025 9:20pm Feb 11, 2025 9:20pm
Quoting fxmatters
{quote} I agree, we can even see 2950 today in NY SESSION
CPI news can decide but i will avoid big bets
  • #64,156
  • Edited Feb 12, 2025 5:41am Feb 11, 2025 9:22pm | Edited Feb 12, 2025 5:41am
Quoting PatienceFx
{quote} 90% chance gold will bounce at 2882 and continue its journey above 2900 10% chance it will try for 2850
Do you see 4H? 50s seems possibly, at least wick it

personally will look for some shorts to that area until CPI, CPI should be same same which will probably cause the knee jerk reaction everyone is expecting back to 2900+ new ATH seems unlikely, yesterdays rejection at the top seems pretty solid IMO

My biggest lesson last year was not to be married to your bias, having said that

After price created most recent ATH it gave a very strong rejection on the daily which is still valid until now, told this before and ill say it again dont sleep on 4H if you're trading gold you need it, that's where you make money, you will lose more money than you actually make on lower timeframes, not saying you cant be profitable on lower tf's but with gold you sit in dd more often than not. Higher tf's are your best bet, but each to their own.

Price needs more volume and liquidity if it wants to go for ATH again after that strong reaction hence my argument for SSL at 50's. Even if CPI had come out in favor for bullish momentum price would have most probably run out of steam at 2920-2930s

Higher timeframes we are still extremely bullish, but with the short term i see some bear play, price could still flip all out bull any moment though but this is just what i see atm

Please don;t be posting absolutes on here like its your birth right lol, trade PA and not your arrogance, i've seen people doing that and being humbled before by the markets only a matter of time until it happens again i guess
  • #64,157
  • Feb 11, 2025 9:24pm Feb 11, 2025 9:24pm
Quoting mades
{quote} Again, that was not a technical drop. You guys should learn reading charts with context of what actually happened in that moment other than pinbars (which are super unreliable on anything smaller than daily tf anyway). This up move negating trumps bs was expected and asia didnt wait even a second to reverse it.
Technically, the simpler you look at the chart, the better results you will get.
For example, on the daily time frame, I see a strong bullish engulfing candle followed by a strong bearish candle with a long shadow.
This makes me enter a sell trade. I may lose, but it is controlled and will be compensated in the next trades.
  • #64,158
  • Feb 11, 2025 9:27pm Feb 11, 2025 9:27pm
Quoting PatienceFx
there is simply no way anyone can make any mistake here {image}
That sounds like one of my old school teachers. And it ain't a compliment.
In other news: the earth is flat. Aliens built the pyramids. And god exists
  • #64,159
  • Feb 11, 2025 9:37pm Feb 11, 2025 9:37pm
Quoting PatienceFx
{quote} 90% chance gold will bounce at 2882 and continue its journey above 2900 10% chance it will try for 2850
monday see what is it , 2880 - 3000 , 1200pips profit
  • #64,160
  • Feb 11, 2025 9:38pm Feb 11, 2025 9:38pm
Quoting d1zzy
{quote} Do you see 4H? 50s seems possibly, at least wick it personally will look for some shorts to that area until CPI, CPI should be same same which will probably cause the knee jerk reaction everyone is expecting back to 2900+ new ATH seems unlikely, yesterdays rejection at the top seems pretty solid IMO
the day US government does not increase the debt ceiling , I WILL SELL GOLD [ NEVER BEFORE ]
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