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Make More Money - Eliminate DRAMA 11 replies

Just posting my trades, everyone is welcome but no drama 2 replies

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Gold with No Drama

  • #55,081
  • Jun 5, 11:23am (3 hr ago) Jun 5, 11:23am (3 hr ago)
if u are a gold bull my guess is dont jump to buy. metals move in cycles and this likely is a downtrend for gold and silver 5400 to 4300 now.
  • #55,082
  • Jun 5, 11:24am (3 hr ago) Jun 5, 11:24am (3 hr ago)
Quoting Karlzhhh
The Picture has been painted and is clearer than ever. Like my yesterdays post Institutional orders are placed at 5600, 4700-4800 and most recent ones being 4530-4540/4517 We are in June last month of Q2. When prices reach all time high again we will have experience other people won't have. This recession is absolutely normal. If you had let's say 10 ounces of gold. You saw price dropping drastically would you not want to sell it? Or price reaching such a high amount you would want to sell it. Now please read this: This political and economic war...

Very interesting analysis ...

Do you think we will still reach $4300 today ?

I was eying out this level for the last couple weeks, I never expected such a big move as today, still made some profits but not as much as I would like, I'm watching also the $3850 level which seems inevitable in a month or two... let's see how this war develops, but if the peace agreement is imminent I believe we might see the price go up a bit
  • #55,083
  • Jun 5, 11:27am (3 hr ago) Jun 5, 11:27am (3 hr ago)
4326 to 4280. Nice hit for the month. Careful now with any shorts here.
  • #55,084
  • Jun 5, 11:31am (3 hr ago) Jun 5, 11:31am (3 hr ago)
Quoting Yoshimitsu
{quote} Very interesting analysis ... Do you think we will still reach $4300 today ? I was eying out this level for the last couple weeks, I never expected such a big move as today, still made some profits but not as much as I would like, I'm watching also the $3850 level which seems inevitable in a month or two... let's see how this war develops, but if the peace agreement is imminent I believe we might see the price go up a bit
very certain we will. If 43 doesnt get broken today, then monday morning it will gap down massivily !
  • #55,085
  • Jun 5, 11:40am (3 hr ago) Jun 5, 11:40am (3 hr ago)
Quoting SibiSh
Gold Updated Analysis Gold remains under bearish pressure after rejecting from the 4510–4515 resistance zone and breaking below the short term ascending support trendline. Price is now trading around the 4440 area where a key horizontal support and trendline intersection is being tested. The structure shows lower highs and weak bullish momentum while the projected move on the chart suggests further downside continuation if sellers maintain control below 4460-4475. A breakdown below 4430 could accelerate the move toward 4360 and potentially 4322...
Target Achieved
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At last old trades are closed after TP hit, i dit not take any risk even i know it can go more down but its good to be satisfied.

HAPPY FRY DAY
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Patience
  • #55,086
  • Jun 5, 11:40am (3 hr ago) Jun 5, 11:40am (3 hr ago)
good luck to dip buyers whatever u buy clear it before eod. even if rest of the market is bullish gold is not iin a mood to rally
  • #55,087
  • Jun 5, 11:42am (3 hr ago) Jun 5, 11:42am (3 hr ago)
Quoting giveachance
good luck to dip buyers whatever u buy clear it before eod. even if rest of the market is bullish gold is not iin a mood to rally
To be a gold buyer is always the safest bet going into the weekend
average dude treading water
  • #55,088
  • Jun 5, 11:44am (3 hr ago) Jun 5, 11:44am (3 hr ago)
Quoting brokerbear
{quote} very certain we will. If 43 doesnt get broken today, then monday morning it will gap down massivily !
I believe they will leave that level for next week, honestly I don't see it being hit today, bulls are getting more active now the 1H candle is holding strong, but we never know
  • #55,089
  • Jun 5, 11:50am (3 hr ago) Jun 5, 11:50am (3 hr ago)
My chart says closing over 4400+. How ever i will buy if it turns over 4350, else I will avoid. I had level of 4333 as weekly support on my chart
The Phoenix Trader....
  • #55,090
  • Jun 5, 11:58am (2 hr 59 min ago) Jun 5, 11:58am (2 hr 59 min ago)
The bulls r coming
  • #55,091
  • Jun 5, 12:02pm (2 hr 55 min ago) Jun 5, 12:02pm (2 hr 55 min ago)
Quoting sunilpawar
My chart says closing over 4400+. How ever i will buy if it turns over 4350, else I will avoid. I had level of 4333 as weekly support on my chart
What tools give you such an insight as where price will close?
  • #55,092
  • Jun 5, 12:03pm (2 hr 53 min ago) Jun 5, 12:03pm (2 hr 53 min ago)
Testing the waters by faith
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  • #55,093
  • Jun 5, 12:13pm (2 hr 44 min ago) Jun 5, 12:13pm (2 hr 44 min ago)
Quoting SibiSh
Gold Updated Analysis Gold remains under bearish pressure after rejecting from the 4510–4515 resistance zone and breaking below the short term ascending support trendline. Price is now trading around the 4440 area where a key horizontal support and trendline intersection is being tested. The structure shows lower highs and weak bullish momentum while the projected move on the chart suggests further downside continuation if sellers maintain control below 4460-4475. A breakdown below 4430 could accelerate the move toward 4360 and potentially 4322...
Good call (understatement).
In other news: the earth is flat. Aliens built the pyramids. And god exists
  • #55,094
  • Jun 5, 12:20pm (2 hr 36 min ago) Jun 5, 12:20pm (2 hr 36 min ago)
Quoting Whale
{quote} What tools give you such an insight as where price will close?
I took combination of Supertrend, ATR(14), Bollinger Band, Fibo.
Last time when it bounced from 4366 on 28th May, I was expecting it will headon for 4333 an will bounce. and that happened today.
Now looking at D1- there was a support for 4430, and D1-10 SMA is at 4480. Averaging out the said prices, I gave the calculation.
Now in the present case if weekly closing is below 4333, We should expect a strong down trend for a support of 4225 i.e W1-50SMA, So right now it has behaved in the same way. Once can make a combination of H4-D1-W1 and come to a conclusion to take the positions accordingly
Thank you
Regards
The Phoenix Trader....
  • #55,095
  • Jun 5, 12:22pm (2 hr 35 min ago) Jun 5, 12:22pm (2 hr 35 min ago)
BUY, safe
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Holy Betting Grail strategy
  • #55,096
  • Jun 5, 12:23pm (2 hr 34 min ago) Jun 5, 12:23pm (2 hr 34 min ago)
Quoting fxcontest
BUY, safe {image}
Long from that prices too, KING!
  • #55,097
  • Jun 5, 12:27pm (2 hr 30 min ago) Jun 5, 12:27pm (2 hr 30 min ago)
Anticipating to hit 4360 ~ 65
  • #55,098
  • Jun 5, 12:37pm (2 hr 19 min ago) Jun 5, 12:37pm (2 hr 19 min ago)
Quoting Lloyd628
{quote} Good call (understatement).
Thanks Bro
Patience
  • #55,099
  • Jun 5, 12:44pm (2 hr 13 min ago) Jun 5, 12:44pm (2 hr 13 min ago)
Quoting Lati1
Anticipating to hit 4360 ~ 65
Yeah but it's a small problem, usd still rising ..
  • #55,100
  • Jun 5, 12:45pm (2 hr 12 min ago) Jun 5, 12:45pm (2 hr 12 min ago)
Quoting Lati1
Anticipating to hit 4360 ~ 65
-2 H1 Candle top - 4372
extention -3H1 - 4380.
You may be right
The Phoenix Trader....
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