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  • #96,801
  • Jul 1, 10:29am (37 hr ago) Jul 1, 10:29am (37 hr ago)
Gold bulls trying to base price above 4060-70 to target later up to 4140-60 that will attract heavy sellers..so who sold at highs put that in mind for TP in the time being...
Trading D/W/M Charts. https://www.cashbackforex.com/#aid_10611
  • #96,802
  • Jul 1, 1:11pm (34 hr ago) Jul 1, 1:11pm (34 hr ago)
In Gold M15 TF, current FVG already mitigated and may price start a uptrend or we can wait for price to go deeper in to the next fresh FVG (POI) zone and wait for uptrend confirmation. Possible target could be 600+ pips
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  • #96,803
  • Jul 1, 1:21pm (34 hr ago) Jul 1, 1:21pm (34 hr ago)
Do you think it will retest 4035 zone before bullish continuation?
  • #96,804
  • Jul 1, 1:56pm (33 hr ago) Jul 1, 1:56pm (33 hr ago)
Quoting ChiForex
Gold bulls trying to base price above 4060-70 to target later up to 4140-60 that will attract heavy sellers..so who sold at highs put that in mind for TP in the time being...
Just TP folks at 4060...in next few hours new daily candle..New trading idea...
Trading D/W/M Charts. https://www.cashbackforex.com/#aid_10611
  • #96,805
  • Jul 1, 3:08pm (32 hr ago) Jul 1, 3:08pm (32 hr ago)
Maybe sweep of 4013, third touch as confirmation of the orderblock below and then maybe fly?
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  • #96,806
  • Jul 1, 5:22pm (30 hr ago) Jul 1, 5:22pm (30 hr ago)
today sell target price 3960. Sell entry 4050/60
Intraday only.
  • #96,807
  • Jul 1, 5:38pm (29 hr ago) Jul 1, 5:38pm (29 hr ago)
Hello fellow Gold Traders.

Thinking we will see a continuation of the downtrend in today's Asian session.
The first M15 candle will be the hint.

I see a high velocity high volume downtrend, and 4040 being rejected at the open, with the FVG being well below us.
As in the previous comment, hourly support appears to be at 3960, maybe we'll get there this evening.

What an excellent trading day thus far! We'll see what the rest of the day brings.

I am wondering if perhaps any of you could help, I am trying to choose the best session to trade for the summer, and am thinking Asia is the one. Cleaner moves, on average, maybe not as high ATR as NY but cleaner, and it definitely has it's share of big moves. I'm tired of waking up to see a massive retrace while I am asleep! Anybody have input on this, from experience?

Thanks in advance, Cheers, success to all.
... the True North, Strong and Free
  • #96,808
  • Jul 1, 7:15pm (28 hr ago) Jul 1, 7:15pm (28 hr ago)
Sell Gold 4060-65 TP1 4000-05 TP2 3980-85
Buy Gold 3980-85 TP1 4020-25 TP2 4060-65

Possible breakout trade - Buy 4060-65 for TP1 4110-15 TP2 4140-60
Sell 4140-60 TP1 TP1 4110-15 TP2 4060-65

Remember folks that today we have NFP crucial news...
* Long term trend is down for all vs $ and bullish for DXY.
Trading D/W/M Charts. https://www.cashbackforex.com/#aid_10611
  • #96,809
  • Jul 2, 5:26am (18 hr ago) Jul 2, 5:26am (18 hr ago)
Quoting ChiForex
Sell Gold 4060-65 TP1 4000-05 TP2 3980-85 Buy Gold 3980-85 TP1 4020-25 TP2 4060-65 Possible breakout trade - Buy 4060-65 for TP1 4110-15 TP2 4140-60 Sell 4140-60 TP1 TP1 4110-15 TP2 4060-65 Remember folks that today we have NFP crucial news... * Long term trend is down for all vs $ and bullish for DXY.
Today is NFP, the movement will be unpredictable
  • #96,810
  • Jul 2, 1:29pm (10 hr ago) Jul 2, 1:29pm (10 hr ago)
Quoting ChiForex
Sell Gold 4060-65 TP1 4000-05 TP2 3980-85 Buy Gold 3980-85 TP1 4020-25 TP2 4060-65 Possible breakout trade - Buy 4060-65 for TP1 4110-15 TP2 4140-60 Sell 4140-60 TP1 TP1 4110-15 TP2 4060-65 Remember folks that today we have NFP crucial news... * Long term trend is down for all vs $ and bullish for DXY.
The only Gold KING
Trading D/W/M Charts. https://www.cashbackforex.com/#aid_10611
  • #96,811
  • Jul 2, 1:36pm (9 hr ago) Jul 2, 1:36pm (9 hr ago)
Hopefully you all banked good money today
For those who time to time ask me about what a base above or below mean for SL and entering a breakout trade...well there's no better example than checking your Gold chart of today...after Gold price bounced off 4060-65 in early hours toward 4040...when it came back to test that price level again..it took much time bouncing from around/within there...then gradually it obviously created a base above it..before flying up...that movement is a clear example of a base above-in this case...
Trading D/W/M Charts. https://www.cashbackforex.com/#aid_10611
  • #96,812
  • Jul 2, 1:39pm (9 hr ago) Jul 2, 1:39pm (9 hr ago)
Quoting ChiForex
Hopefully you all banked good money today For those who time to time ask me about what a base above or below mean for SL and entering a breakout trade...well there's no better example than checking your Gold chart of today...after Gold price bounced off 4060-65 in early hours toward 4040...when it came back to test that price level again..it took much time bouncing from around/within there...then gradually it obviously created a base above it..before flying up...that movement is a clear example of a base above-in this case...
razak
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  • #96,813
  • Jul 2, 1:42pm (9 hr ago) Jul 2, 1:42pm (9 hr ago)
A question that I get asked about and that can benefit you...Is it better to have a trading account just for Gold trading...?
Well, my always answer is YES. It's way better to dedicate a trading account just for Gold trading like I do so...And have another account for forex trading if you trade it too..
Briefly, you need more margin for Gold especially if you open lot size orders..and it's a better management overall...for best results...
Trading D/W/M Charts. https://www.cashbackforex.com/#aid_10611
  • #96,814
  • Jul 2, 1:48pm (9 hr ago) Jul 2, 1:48pm (9 hr ago)
Quoting ChiForex
A question that I get asked about and that can benefit you...Is it better to have a trading account just for Gold trading...? Well, my always answer is YES. It's way better to dedicate a trading account just for Gold trading like I do so...And have another account for forex trading if you trade it too.. Briefly, you need more margin for Gold especially if you open lot size orders..and it's a better management overall...for best results...
I agree, I'd suggest mastering a single pair as well. It gives you a better win rate than trading multiple pairs coz you get to study that pair deeply, both fundamentally and technically.
  • #96,815
  • Jul 2, 6:11pm (5 hr ago) Jul 2, 6:11pm (5 hr ago)
We're continuing to sell 4140-60 TP1 4110-15 TP2 4070-80s
Buy 4070-80s TP 4110-15
Trading D/W/M Charts. https://www.cashbackforex.com/#aid_10611
  • #96,816
  • Last Post: Jul 2, 8:58pm (2 hr 33 min ago) Jul 2, 8:58pm (2 hr 33 min ago)
Quoting ChiForex
We're continuing to sell 4140-60 TP1 4110-15 TP2 4070-80s Buy 4070-80s TP 4110-15
-15 pips...Gold is retracing early on weekly and monthly...
If 4195 breaks next target to sell is 4210-20 TP 4070s
An aggressive buy can be from 4150s for 4190s but won't chase that especially if 4195 holds..still early buy unless price reaches to 4210-20
Since bulls decided clowning so quick today, I'll like to see 4210-20 u p**sy
Trading D/W/M Charts. https://www.cashbackforex.com/#aid_10611
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