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GOLD behavior

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This topic contains 165 replies, has 17 voices, and was last updated by Moaied Suhail moaied suhail 2 weeks, 4 days ago.

Viewing 40 posts - 1 through 40 (of 166 total)
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  • #64360
    Moaied Suhail
    moaied suhail
    Participant
    • Topics: 1
    • Replies: 540

    Hi folx,

    I wanted to share with you guys the gold behavior and hope it helps you in the coming trades attempts:

    https://charts.mql5.com/10/603/gold-d1-fxpro-financial-services.png
    https://charts.mql5.com/10/603/gold-w1-fxpro-financial-services.png

    solid trading to all

    #64361
    Robbert Yirbu
    Robbert Yirbu
    Participant
    • Topics: 0
    • Replies: 19

    Hi Moaied,

    Very nicely spot.
    Hope to see some more analysis from your hand.
    Missing them a bit.

    #64364
    TJ '
    TJ ‘
    Participant
    • Topics: 0
    • Replies: 99

    Hi brother Moaied,
    Here is an alternative, longer term, view for your analysis.

    Do you prefer, Scale ON/OFF, on the keyboard rather than the mouse click?

    Attachments:
    You must be logged in to view attached files.
    #64367
    Moaied Suhail
    moaied suhail
    Participant
    • Topics: 1
    • Replies: 540

    thank you brother Robbert, I will do my best.

    TJ that’s a good eye birds overview to the chart, thank you for sharing it with us.

    and as for the (Scale ON/OFF) on the keyboard is fine.

    that’s a great tool you made TJ, I use it a lot.

    #64375
    Ben Aqiba
    Ben Aqiba
    Participant
    • Topics: 2
    • Replies: 1328

    Chris says a middle band is a tricky area,
    and I say that gold is a tricky area.
    I do not like trade with gold.

    For gold in most cases patterns does not work.

    #64696
    Marek Herde
    marek herde
    Spectator
    • Topics: 0
    • Replies: 20

    Today Gold formed good size bullish candle due to Dollar weakness and it seems like the broken resistance has been tested and worked well as a support now.
    Bollinger bands are bit close and price is right under the middle band.
    Can you see what I see?

    Attachments:
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    #64709
    Moaied Suhail
    moaied suhail
    Participant
    • Topics: 1
    • Replies: 540

    thanks for for sharing Marek, sorry but I didn’t get what you see, please share your view. I didn’t trade gold since I but this topic and just watching, anyway here is the first chart that I posted and todays chart to see how the price is reacting to the lines:
    https://charts.mql5.com/10/603/gold-d1-fxpro-financial-services.png
    https://charts.mql5.com/10/688/gold-d1-fxpro-financial-services-2.png

    hope it helps

    #64711
    Shalewa A
    Shalewa A
    Participant
    • Topics: 0
    • Replies: 68

    Yeah πŸ™‚ Marek! Glad to see you are back and in good form also πŸ™‚ . See you around

    Sorry Moaied, I don’t trade commodities for now as I don’t know how it works so I guess I am not the best person to contribute, just wanted to say hi to Marek.

    Keep the analysing coming, you are one of the main pilots on this forum, I appreciate your hard work/generosity here.

    More blessings to you.

    Thanks

    #64715
    Moaied Suhail
    moaied suhail
    Participant
    • Topics: 1
    • Replies: 540

    that’s big sport from you Shalewa thank you so much.

    good to be with you all and happy to see Marek again too.

    #64716
    Shalewa A
    Shalewa A
    Participant
    • Topics: 0
    • Replies: 68

    πŸ™‚

    #64737
    Marek Herde
    marek herde
    Spectator
    • Topics: 0
    • Replies: 20

    Shalewa and Moaied You are so lovely guys!

    #67800
    Ben Aqiba
    Ben Aqiba
    Participant
    • Topics: 2
    • Replies: 1328

    TP hit after trend continuation pattern above middle band.

    #67803
    Sebastian Brandt
    Sebastian Brandt
    Participant
    • Topics: 0
    • Replies: 363

    Could you please share a chart of the position Dragan?

    #67816
    Ben Aqiba
    Ben Aqiba
    Participant
    • Topics: 2
    • Replies: 1328

    Sebastian,

    as you can see in chart, when it closed a candle above dart, I set buy pending order a little below higher price last close candle.
    SL below middle band , and TP in the level previous high bearish candle.
    RR was 1:2.

    https://charts.mql5.com/11/225/gold-d1-fortrade-ltd-fxlider-4.png

    We have up trend in all time frames.
    Bearish candle is closed with a long lower shadow, above middle band, and the next candle is bullish candle but not too big with lower shadow.
    It was for me sign that bulls wanna push price higher.

    #67827
    Moaied Suhail
    moaied suhail
    Participant
    • Topics: 1
    • Replies: 540

    Dragan that was very good reading to the candles, got in out beautifully.

    in a previous view for the coming days gold is in a bearish mode; but thanks to you by buying gold today you almost knocked my sell order hahahahaha:

    https://charts.mql5.com/11/227/gold-d1-fxpro-financial-services.png

    #67830
    Ben Aqiba
    Ben Aqiba
    Participant
    • Topics: 2
    • Replies: 1328

    haha thanks Mo my brother

    #67960
    Thomas P.
    Thomas P.
    Blocked
    • Topics: 0
    • Replies: 139

    Gold is looking good. Two bearish engulfings and a third forming. Let’s see if it manages to cross down the channel:
    https://www.tradingview.com/x/TZpAbwmu/

    I added to my short Monday on 1H, at the retest of the upper channel.

    #67965
    Moaied Suhail
    moaied suhail
    Participant
    • Topics: 1
    • Replies: 540

    good work Thomas, 🙂 our trades are fine as long as Dragan don’t buy trades in gold LOL

    #67966
    Ben Aqiba
    Ben Aqiba
    Participant
    • Topics: 2
    • Replies: 1328

    haha, no my brother.
    I’m buying only If I notice some good trade signal

    #67967
    Ben Aqiba
    Ben Aqiba
    Participant
    • Topics: 2
    • Replies: 1328

    We will see is it middle band still work’s as strong support

    #67973
    Moaied Suhail
    moaied suhail
    Participant
    • Topics: 1
    • Replies: 540

    yes you are right Dragan the D BMB is giving me the chill, if we get a bull candle from there it will be a continuation bullish signal.

    #67979
    Ben Aqiba
    Ben Aqiba
    Participant
    • Topics: 2
    • Replies: 1328

    and I take it πŸ™‚

    #67984
    Moaied Suhail
    moaied suhail
    Participant
    • Topics: 1
    • Replies: 540

    🙂 if you can’t beat them join them and I will be with you in long

    #68482
    Moaied Suhail
    moaied suhail
    Participant
    • Topics: 1
    • Replies: 540
    #68485
    Ben Aqiba
    Ben Aqiba
    Participant
    • Topics: 2
    • Replies: 1328

    Thanks Mo.
    Now I understand what you mean by weaknes in channel

    #68486
    Sebastian Brandt
    Sebastian Brandt
    Participant
    • Topics: 0
    • Replies: 363

    Thanks for the update Moaied.
    Let’s see how it closes, I’l follow for learning purposes, because I’m already long USD with other pairs.

    #68489
    Ben Aqiba
    Ben Aqiba
    Participant
    • Topics: 2
    • Replies: 1328

    I also follow for learning purpose. It is good to know although I have my system

    #68494
    Moaied Suhail
    moaied suhail
    Participant
    • Topics: 1
    • Replies: 540

    knowledge is light, and that’s one reason why we all are here.

    #68521
    Ben Aqiba
    Ben Aqiba
    Participant
    • Topics: 2
    • Replies: 1328

    A bearish movement is strong reaction to strong and valid resistance line on monthly time frame.We have couple more days to monthly candle mature, but
    if it be closed like this than we will have too strong setup which is as Chris said ” formed in the right time in the right place”.

    https://drive.google.com/open?id=0B8_zMnpBIIUFQlIwbElQZklndWc

    #68526
    Ken Ata
    ken ata
    Spectator
    • Topics: 0
    • Replies: 1

    i think that monthly could be the pull back to test old channel top to + middle bb and than spring up from there like abcd. and that would take it to 1450s thats older tops. maybe fed wont hike soon πŸ˜›

    http://invst.ly/1rxa1

    #68527
    Ben Aqiba
    Ben Aqiba
    Participant
    • Topics: 2
    • Replies: 1328

    maybe. I read all news and future moves from chart

    #68530
    TJ '
    TJ ‘
    Participant
    • Topics: 0
    • Replies: 99

    Very nice lesson Mr Moaied. πŸ™‚
    Thank you for sharing. πŸ™‚

    #68531
    Moaied Suhail
    moaied suhail
    Participant
    • Topics: 1
    • Replies: 540

    ahhh my partner TJ 🙂 , happy to see here.

    #68557
    Ben Aqiba
    Ben Aqiba
    Participant
    • Topics: 2
    • Replies: 1328

    Bears jump through the window in gold case.
    Wow, what a drop

    #68564
    Ben Aqiba
    Ben Aqiba
    Participant
    • Topics: 2
    • Replies: 1328

    Anybody home πŸ™‚

    #68570
    Moaied Suhail
    moaied suhail
    Participant
    • Topics: 1
    • Replies: 540

    hello Dragam, just got home & hear you loud & clear LOL.

    you are right about that, boy price was very close to hit TP1 man, I don’t want the price to retrace now on me lol:

    https://charts.mql5.com/11/333/gold-d1-fxpro-financial-services.png

    #68590
    Ben Aqiba
    Ben Aqiba
    Participant
    • Topics: 2
    • Replies: 1328

    Hi Mo,

    you do not trade if price can reach upper line ?

    #68591
    Ben Aqiba
    Ben Aqiba
    Participant
    • Topics: 2
    • Replies: 1328

    I set buy pending order because the price is moving in range and it is tested support zone

    https://drive.google.com/open?id=0B8_zMnpBIIUFazJoVjMzd0Nqa2c

    #68616
    Moaied Suhail
    moaied suhail
    Participant
    • Topics: 1
    • Replies: 540

    Dragan I didn’t get you in your post #68590 sorry.

    because of that support level I setted my TP, but note that I didn’t set a buy order at the same time because the S/L is not that strong and bear traders have a bigger target at TP2:
    https://charts.mql5.com/11/340/gold-d1-fxpro-financial-services.png

    wish you the best with your trade

    #68619
    Ben Aqiba
    Ben Aqiba
    Participant
    • Topics: 2
    • Replies: 1328

    I meant , do you trade if the price do not reach upper channel level, or you in that case set sell pending order .

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