klinksd:


I agree with you, will wait to see the reaction at 1812-1813 before continuing to 1845 and if price action allows, 1870, then, 1892.

...meanwhile, GBPUSD is retracing to the daily resistance at 1.3490.

....it does not look like Gold is ready to buy yet...GBPUSD long gone in profits though.

Gasive:
Here's a breakdown of my analysis on gold and my reason for entry.

Pic 1 - D1 breakout and retest.
Pic 2 - 1H double bottom.
Pic 3 - 1H breakout. I didn't wait for the retest cos price may decide not to retest.

Please share your thoughts and analysis too let's keep learning.

This is what I believe will happen to gold.

Head n Shoulder pattern spotted on daily TF.
The last bull run was to retest the second shoulder then a backdown will follow, if not na oyo I dey.

Just an opinion.. We are all learning.

Just try it

obajoey:


This is what I believe will happen to gold.

Head n Shoulder pattern spotted on daily TF.
The last bull run was to retest the second shoulder then a backdown will follow, if not na oyo I dey.

Just an opinion.. We are all learning.

Not until HnS neckline is broken it is not proven valid.
Why I'm selling at the moment is cos the divergence on 1hrtf that has extended to 4hrtf and also price got rejected by trend-line resistance which can see price head back to 1787ish(am seeing this as a trap).. But in all I still feel a daily close above 1814 will make me go for sell as the divergence will extend to Dtf so that's when I will be considering selling to your tp.
In order words I'm still bullish on D.tf and W.tf otherwise on 4hrtf and 1hrtf

Don't feel bad for quoting you sir

obajoey:


This is what I believe will happen to gold.

Head n Shoulder pattern spotted on daily TF.
The last bull run was to retest the second shoulder then a backdown will follow, if not na oyo I dey.

Just an opinion.. We are all learning.

The R2 is a very strong resistance zone that has been tested several times,
Even the buyers don't have the sentiments thus the rejection.

Market should dip or range on the next bearish close candle.

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MESSAGE OR WHATSAP ME BELOW

Feshizzy:


Depends on the TF you are looking from from H1 to D1,
It hasn't created new Higher high nor lower low.

Thus it might range for a while. Till a new sentiment is made and where it is currently its at a tested resistance area

Just my thoughts though


Funny enough i actually opened a breakout buy,
But the market no gree yet,
Thus it is currently ranging

Boss
Do you make ur entry from the daily?? wanna confirm something

haryodehjia:


Not until HnS neckline is broken it is not proven valid.
Why I'm selling at the moment is cos the divergence on 1hrtf that has extended to 4hrtf and also price got rejected by trend-line resistance which can see price head back to 1787ish(am seeing this as a trap).. But in all I still feel a daily close above 1814 will make me go for sell as the divergence will extend to Dtf so that's when I will be considering selling to your tp.
In order words I'm still bullish on D.tf and W.tf otherwise on 4hrtf and 1hrtf

Don't feel bad for quoting you sir

Interesting bro. You don't know the motivation I am getting from this discussion. I am getting to know what I am not doing right and improving on them.

It is not about who is wrong or right but the knowledge being gained from everyone's analysis of the market.

I hail o

WallStreetfx:

Boss
Do you make ur entry from the daily?? wanna confirm something

No, H1
But rely on H4, D1 for market sentiments

tonnieblaise:


1200+

Nice one, this worked. Thanks Boss

obajoey:


This is what I believe will happen to gold.

Head n Shoulder pattern spotted on daily TF.
The last bull run was to retest the second shoulder then a backdown will follow, if not na oyo I dey.

Just an opinion.. We are all learning.

So far...

I'm expecting 1820 by tomorrow.

Gasive:


So far...

I'm expecting 1820 by tomorrow.

You're doing well boss.. Lol

Gasive:


So far...

I'm expecting 1820 by tomorrow.

You and this Ur meme na to go open prop firm next year remainoo

Feshizzy:


No, H1
But rely on H4, D1 for market sentiments

Thanks boss

Gasive:


So far...

I'm expecting 1820 by tomorrow.

...good analysis, well done.

... I expect to sell somewhere between 1818.4 - 1822.1, currently in a buy to that level.

Feshizzy:


Depends on the TF you are looking from from H1 to D1,
It hasn't created new Higher high nor lower low.

Thus it might range for a while. Till a new sentiment is made and where it is currently its at a tested resistance area

Just my thoughts though


Funny enough i actually opened a breakout buy,
But the market no gree yet,
Thus it is currently ranging

I say make i update the group,
Una know say i dey finish my work

I don close the buy for EU as my plan no support the breakout again.

WallStreetfx:


You and this Ur meme na to go open prop firm next year remainoo

Lolx..
Hopefully.

klinksd:


...good analysis, well done.

... I expect to sell somewhere between 1818.4 - 1822.1, currently in a buy to that level.

Alright Boss.

I wish you can show us a mark-up of what you are seeing. It will be helpful.

Gasive:


Alright Boss.

I wish you can show us a mark-up of what you are seeing. It will be helpful.

....the red candle on the crosshair is the trigger...summarily, after some confirmation, I ride {buy} to some historical leftward PA level before the red candle, then, I sell from that level.

Here are we now, doing it n our own way

klinksd:


....the red candle on the crosshair is the trigger...summarily, after some confirmation, I ride {buy} to some historical leftward PA level before the red candle, then, I sell from that level.

Hmm, frankly, the analysis is not too clear to me but I will observe closely and see if I can learn a thing or two.

Thanks Boss!

klinksd:


....the red candle on the crosshair is the trigger...summarily, after some confirmation, I ride {buy} to some historical leftward PA level before the red candle, then, I sell from that level.

I analysed a possible sell scenario and this is what I got.
I will only consider selling if price breaks below 1785.

Gasive:


I analysed a possible sell scenario and this is what I got.
I will only consider selling if price breaks below 1785.

...

saintfaculty:


Nice one, this worked. Thanks Boss

You welcome.. Keep my share when you win

klinksd:


I agree with you, will wait to see the reaction at 1812-1813 before continuing to 1845 and if price action allows, 1870, then, 1892.

...meanwhile, GBPUSD is retracing to the daily resistance at 1.3490.

Yes boss, one level at a time.

Why did i change my mind? I realized that price did not respect supply at the head of the HnS and so the pattern had no chance of working. The bullish signal just buried it. The 10 dma also giving support.


Merry christmas everyone, till tuesday when the market opens.

XAUTrader4L:
Why did i change my mind? I realized that price did not respect supply at the head of the HnS and so the pattern had no chance of working. The bullish signal just buried it. The 10 dma also giving support.


Merry christmas everyone, till tuesday when the market opens.

Is this valid? I'm seeing this as the potential HnS..
Inputs pls

saintfaculty:
Just an added view on Gold.....

I get deal with you boss,drop ur digit or
This is mine (080,five four nine,22,77,two)
Tenks boss

The spread is wide today I don't understand o abi na my broker

haryodehjia:
The spread is wide today I don't understand o abi na my broker

Its everywhere

haryodehjia:
The spread is wide today I don't understand o abi na my broker

Banks dey on holiday from Germany to US na why. Low volatility