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GOLD behavior

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This topic contains 203 replies, has 19 voices, and was last updated by Moaied Suhail moaied suhail 48 minutes ago.

Viewing 40 posts - 41 through 80 (of 204 total)
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  • #68620
    Ben Aqiba
    Ben Aqiba
    Participant
    • Topics: 2
    • Replies: 1379

    I get it,
    given that bulls are exhausted and can not reach upper channel line you
    probably open short position, and closing buy position which you opened
    in lower channel level.

    #68637
    Moaied Suhail
    moaied suhail
    Participant
    • Topics: 1
    • Replies: 574

    I didn’t open buy position dear Dragan !!!

    here is my plan for gold:
    https://charts.mql5.com/11/342/gold-d1-fxpro-financial-services.png

    hope it’s clear enough.

    #68643
    Ben Aqiba
    Ben Aqiba
    Participant
    • Topics: 2
    • Replies: 1379

    Mo, I wrote that you would open short position not long

    #68651
    Moaied Suhail
    moaied suhail
    Participant
    • Topics: 1
    • Replies: 574

    yes I mine {short} at the (blue T/L) channel and the below/next to it the lower (oringe T/L) channel.

    something in my previous post is not clear and I would like to clear it, please Dragan tell me what it is, I need to be able to post in the future without misleading anyone.

    here is another try:
    https://charts.mql5.com/11/345/gold-d1-fxpro-financial-services.png

    does that help??

    #68658
    Ben Aqiba
    Ben Aqiba
    Participant
    • Topics: 2
    • Replies: 1379

    I got you Mo. I understand how you trade in channel. It is for me important becuase I in similiar way trade above/below support/resistance line.
    I waiting strong setup, but if it not 100 score and formed in right place and in the right time (S/R line)I take it

    #68662
    Mlu M
    Mlu M
    Spectator
    • Topics: 0
    • Replies: 1

    Well for the short trade, the monthly candle is shaping up to be an engulfing but it didn’t break the bollinger band.

    #68670
    Ben Aqiba
    Ben Aqiba
    Participant
    • Topics: 2
    • Replies: 1379

    It is strong setup on monthly according to me.
    It is formed in ranging market. We have strong bearish movement before sideway moves.It is formed below valid resistance line .
    My first TP will be tick above broken resistance line

    #68671
    Moaied Suhail
    moaied suhail
    Participant
    • Topics: 1
    • Replies: 574

    I understand Dragan I am with you.

    Mlu I hope gold keeps going down, it’s good for the world economy to my knowledge.

    also good if we want to buy gold presents for our wifes hahahaha

    #68735
    Moaied Suhail
    moaied suhail
    Participant
    • Topics: 1
    • Replies: 574

    hi everyone:
    TP1 achieved with more than R:R 1:6 & will update as market devolab.
    https://charts.mql5.com/11/354/gold-d1-fxpro-financial-services-2.png

    good trading to all

    #68737
    Ben Aqiba
    Ben Aqiba
    Participant
    • Topics: 2
    • Replies: 1379

    Congratulations Mo.
    You motivate us as always

    #68750
    TJ '
    TJ ‘
    Participant
    • Topics: 0
    • Replies: 99

    C O N G R A T U L A T I O N !

    Bravo Moaied, nice shot, all the hard work begin to pay off. You deserve it!
    All the best my friend. 😉

    #68756
    Moaied Suhail
    moaied suhail
    Participant
    • Topics: 1
    • Replies: 574

    thank you guys for your kind words.

    by applying live trades on charts with the elements needed (S/R zones, channels,fibo,SL & TP, and…) to hopefully be positive help in one way or another.

    #68759
    Ben Aqiba
    Ben Aqiba
    Participant
    • Topics: 2
    • Replies: 1379

    It will be. You trading essentially support/resistance levels,breakout/bouncup

    #68763
    Jordi George
    Jordi George
    Participant
    • Topics: 0
    • Replies: 174

    I’m very happy for you, Moaied 🙂
    Luck comes along with hard work!

    Have a great weekend!!!!

    #68777
    Moaied Suhail
    moaied suhail
    Participant
    • Topics: 1
    • Replies: 574

    you too Jordi 🙂

    #68790
    Ben Aqiba
    Ben Aqiba
    Participant
    • Topics: 2
    • Replies: 1379

    I agree with Jordi , you are lucky guy, because you have a good knowledge

    #68791
    Ben Aqiba
    Ben Aqiba
    Participant
    • Topics: 2
    • Replies: 1379

    Weekly gold candle is closed below middle band, and according with monhtly
    engulfing pattern we can expect more bearish movement at least until middle band on monthly if breakout daily support line )

    #68808
    Moaied Suhail
    moaied suhail
    Participant
    • Topics: 1
    • Replies: 574

    yes Dragan you are right

    #68833
    Moaied Suhail
    moaied suhail
    Participant
    • Topics: 1
    • Replies: 574

    just a little note guys:

    I posted a topic in a form and I think one of two happened:
    https://www.luckscout.com/forums/topic/euraud-4h-expanding-wedge-pendulum-swing/#post-68785

    1- when the site changed to lucksocout, some of the forms needed subscribe again to not miss parts of it, so better check the forms you like to make sure for subscribtion.

    2- my post was to bad it didn’t even get negative replays hahahahahaha.

    to be fair Dragan was there. and no need for comments really, I am just having fun with you guys, and because I missed many posts before I found out about my subscription.

    #68891
    Moaied Suhail
    moaied suhail
    Participant
    • Topics: 1
    • Replies: 574

    gold analysis:
    the weekly gave us the answer, price closed under BMB by a strong candle targeting the first S/L, but going short is risky because of possible retest to the BMB; the retest may develop to other scenario’s & that’s why we say it’s tricky trading BMB.

    https://charts.mql5.com/11/367/gold-w1-fxpro-financial-services.png
    https://charts.mql5.com/11/367/gold-d1-fxpro-financial-services.png

    there are times it’s better to be out of the markets, and that why I ended my short position at that stage.

    please share you view guys if I missed something.

    #68893
    Ben Aqiba
    Ben Aqiba
    Participant
    • Topics: 2
    • Replies: 1379

    I agree with Mo, it is risky for short position now.
    The price is tested daily support which is valid since february.

    https://charts.mql5.com/11/367/gold-d1-fxpro-financial-services-2.png

    #68897
    N A
    N A
    Participant
    • Topics: 0
    • Replies: 92

    Again thanks Moaied for sharing your gold analysis.
    I wish all good guys here to have a good trade week !!

    #68944
    Jordi George
    Jordi George
    Participant
    • Topics: 0
    • Replies: 174

    I agree with you that is not the right moment to go short.

    I see that the bears are getting exhausted on the daily & H4 time frames (divergences) and support level is around. Just wait & see what the price action is doing in the coming hours / days.

    https://charts.mql5.com/11/378/xauusd-mn1-admiral-markets-01.png

    #68946
    N A
    N A
    Participant
    • Topics: 0
    • Replies: 92

    Jordi you have a nice presentation of the charts!!
    Thank you for sharing!

    #68947
    Jordi George
    Jordi George
    Participant
    • Topics: 0
    • Replies: 174

    You’re welcome, N A 🙂

    #68948
    Moaied Suhail
    moaied suhail
    Participant
    • Topics: 1
    • Replies: 574

    very clear view Jordi many thanks

    #68949
    Jordi George
    Jordi George
    Participant
    • Topics: 0
    • Replies: 174

    Thanks to you, Moaied!

    #68959
    Ben Aqiba
    Ben Aqiba
    Participant
    • Topics: 2
    • Replies: 1379

    It seems it will be closed below support line.
    I’m not sure in validity of these breakout because the USA market is closed

    #68964
    Moaied Suhail
    moaied suhail
    Participant
    • Topics: 1
    • Replies: 574

    you are right Dragan

    #68973
    Jordi George
    Jordi George
    Participant
    • Topics: 0
    • Replies: 174

    I know, Dragan, in fact when I analyse the market it is just an approximation, it’s just an idea, and what really counts is the daily price action that tells us the true story and proves us right or not. I always wait for what I think it could be a confirmation before placing a trade

    If needed, I adjust my analysis when a new candlestick appears. So I am openminded and I’m not married to anything.

    I attach a correction of my previous analysis because I made a mistake on Daily time frame. There is not any hidden divergence. The price has broken the Support Level and the only thing (at the present moment) that makes me think that this break could not be strong, is the lower shadow and the RSI convergence on the H4 (TF).

    https://charts.mql5.com/11/380/xauusd-h4-admiral-markets-02.png

    #68976
    Moaied Suhail
    moaied suhail
    Participant
    • Topics: 1
    • Replies: 574

    thank for the update, and great flexibility Jordi, market need that from us.

    #68978
    Jordi George
    Jordi George
    Participant
    • Topics: 0
    • Replies: 174

    You’re welcome Moaied 🙂

    #68990
    TJ '
    TJ ‘
    Participant
    • Topics: 0
    • Replies: 99

    Hi Jordy, I like your layout, nice work. 🙂

    I don’t trade Gold, I never did so far, in any case here is my view.

    The support @ 38.2% in confluence with the previous down trend pull back trapped between the closes and the lows seem to resist so far. I believe you could expect a retracement there. However, I think the next one @ 50% is stronger.
    For what this worth. 🙂

    https://charts.mql5.com/11/381/gold-w1-fxpro-financial-services.png

    Good luck 🙂

    #69000
    Jordi George
    Jordi George
    Participant
    • Topics: 0
    • Replies: 174

    Hi TJ !

    thank you for you comment to my post.
    In fact, I don’t trade Gold either. I did the analysis just for contributing to this topic.

    Take care my friend 😉

    #69003
    Ben Aqiba
    Ben Aqiba
    Participant
    • Topics: 2
    • Replies: 1379

    Yes Jordi,
    it is realy science to read form the chart.For that you need knowledge, experience and above love for the Forex.

    Thay said “To fortune we comes with good judgment,to good judgment we came with experience,and to experience leads us bad judgment”.

    #69004
    Jordi George
    Jordi George
    Participant
    • Topics: 0
    • Replies: 174

    That’s true Dragan 🙂

    #69009
    Ben Aqiba
    Ben Aqiba
    Participant
    • Topics: 2
    • Replies: 1379

    Jordi what do you think, do man should have a gift for interpreting chart ?

    #69014
    Jordi George
    Jordi George
    Participant
    • Topics: 0
    • Replies: 174

    Dear Dragan,

    Yes, I think that some people may have a natural gift at reading the charts. However with the appropiate guidance and experience we can get this talent too.

    REmember, Bruce Lee said:
    I fear not the man who has practiced 10,000 kicks once, but I fear the man who had practiced one kick 10,000 times.

    what’s the point of knowing 1000 different techniques that you’ve only practiced once or twice?
    You can’t use any of them effectively, but instead practice a basic one-two combination 10,000 times and now you have a reliable weapon, which you understand every nuance of how to set-up and utilize in multiple situations.

    So, maybe we are not very talented, but, if we focus only on one kick (our particular trading system), we can develop a kind of talent that will make us succeed.

    #69015
    Ben Aqiba
    Ben Aqiba
    Participant
    • Topics: 2
    • Replies: 1379

    Thanks my friend,I believe in hard work.
    But also bealive that we have natural talent to interpret charts.
    I bealive that we have here, all elements to read charts like our mentor Chris, and like Bruce Lee said, we must practice our punch, over and over.

    Brece Lee also said: Knowing is not enough, we must apply,
    Willing is not enough, we must do

    #73549
    Moaied Suhail
    moaied suhail
    Participant
    • Topics: 1
    • Replies: 574

    hi guys,

    price could not break above the upper T/L channel and strong bear candle took place on 5.8.2016; so I set sell order for better R:R:
    https://www.mql5.com/en/charts/5579878/gold-d1-fxpro-financial-services

    wish me luck & hope it get triggered to be in.

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