Gold with No Drama

Quoting SibiSh

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{quote} Hello here are the best levels: Support Level Resistance Level Breakout Level Fakeout Level Retest Level All-Time High Level All-Time Low Level Demand Zone Supply Zone Liquidity Zone Rejection Level Consolidation Zone Pullback Level Trendline Level Trap Level {image}

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Quoting Dragomir6

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In September rate cut the price dropped 400 pips so be careful,15m candle with the wick's was in a range betwen 3707 and 3651

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Quoting GoldGod

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{quote} Update: Everything on hold; waiting for at least two 30-minute candle closes before making any decision {image}

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Quoting przfx

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{quote} And with current volatility, more than 1000 pips within seconds on FOMC news is kinda new normal I guess

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Quoting PatienceFx

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{quote}4019 to 3988 and then back up

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Quoting kareem11

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how can we say the rate will cut in shutdown without data?

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Quoting PatienceFx

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{quote}{image} {image}

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Quoting PatienceFx

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{quote} There will be a rate cut irrespective of the US government shutdown But there will be no commentry for the December cut

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Quoting SibiSh

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{quote} Yp exactly thats what usually happens, market jumps first and then reality hits once Powell starts talking. One hawkish line and the whole move flips instantly. If you remember that time gold go up then quickly down for few seconds and again up till speech. During his speech gold go down. From xext day it was up bcz of job data and tarriffs news.

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Quoting Dragomir6

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{quote} I don't know, with that kinda of a wick they will liquidate a lot of money and up or down the trend will continue the day after bc of the Trump meeting with the Chinese President,but that's only guessing

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Quoting newbienoobie

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Hey guys, I just registered this account just to ask this one question since I can't find any answer to it anywhere. My concern were, in the upcoming news Fed Rates and FOMC, will the spike happen twice and each for their own times or it'll be only when Powell talk which is 30mins after Fed Rates? I never traded during news and I wanted to test how my broker excuted a buy limit or sell stop during news and I also wanted to see how the spread of my broker during the news. Just a curiosity and I hope someone could clarify this, thanks in advance ...

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Quoting kareem11

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{quote} I dont think price can backup from 3988. about the rate cut, it's less likely because of lack of data but can happen.

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Quoting MorleyFX

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{quote} Deal and Raventime have very valid views & their analysis' are usually spot on, its a shame they carry themselves like children and rsort to name calling as soon as anyone disagrees. too old to be so immature.

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Quoting SibiSh

Disliked

{quote} Hello here are the best levels: Support Level Resistance Level Breakout Level Fakeout Level Retest Level All-Time High Level All-Time Low Level Demand Zone Supply Zone Liquidity Zone Rejection Level Consolidation Zone Pullback Level Trendline Level Trap Level {image}

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Quoting Saft

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{quote} And am out with all my trades, 1/3 i think i did okay with managing that freak show

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Quoting azhantahir

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{quote} feeling great {image}

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Quoting EAforxtrader

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{quote} FOMC is not normal volatility. You don’t just get one move. You usually get the first spike when the rate decision headline drops, and then a second wave when Powell starts talking 30 minutes later. Sometimes those two pushes go in the same direction, sometimes they completely reverse each other. It’s not stable price action, it’s chaos. That’s why trading it is basically gambling, not normal trading. Execution is not normal during those minutes. Spread can explode (especially on gold), slippage can be huge, your stop can get skipped, and...

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