XAUTrader4L2:


U are expecting gold to gap up and be bullish because of the news of war but are u seeing what that news is doing to BeeTeeCee (crypto in general)? Somehow I expect the news to favour the US dollar(with looking at the structure) and weapons manufacturer's stocks.

nzechu:
gold don ripe to fall sha.

Don't take this pin bar for granted

PriceActionZ:

you are very funny oga. I beg no dey leave your trades over weekend if you are not a whale or shark or heavy investor. you way still dey struggle hard as a day trader, you wan trade gap or weekend sentiments? Na from experience college i dey advise so. Gap trading will ruin your account fast if care not taken. Why not wait for market to wake up to realities and study where to go first before entries? Brokers never give you spread of 120 pips or more before as the market resumes, and wipe your stops immediately? and they wont take the responsibilities? unless na demo you dey trade, its not advisable.
There will be lots of opportunities this coming week as we expect instabilities in the market due to war and rumors of wars.
na advice though, no offenz

Davigle:
To be honest mates, being right or wrong doesn't really matter, what matters is that one should always be adaptive in cases where your analysis turns out to be wrong. We are always trying to do the impossible in this market every day when we analyse our charts and that is predicting the future. being adaptive does help a lot in changing market conditions. whether gold's gaps up or not, I'm definitely going to be adaptive, if it fails to go up, then I'll accept I'm wrong and then follow it down to the next support zone which is 2320. cheers

Davigle:


I understand your point of view but do you know that the fundamentals that really affect commodities market are different from the crypto markets and don't forget that the commodities market is one of the oldest market in the world, they've been existing ever since b4 the creation of cryptocurrencies. things like supply and demand and geopolitics really does affect this market. ah don't know about crypto because they haven't been around for that long

Davigle:
To be honest mates, being right or wrong doesn't really matter, what matters is that one should always be adaptive in cases where your analysis turns out to be wrong. We are always trying to do the impossible in this market every day when we analyse our charts and that is predicting the future. being adaptive does help a lot in changing market conditions. whether gold's gaps up or not, I'm definitely going to be adaptive, if it fails to go up, then I'll accept I'm wrong and then follow it down to the next support zone which is 2320. cheers

Davigle:


maybe or maybe not, but which ever way the markets go, I'm definitely following her along, I'm here to make money and not to be right all the time. being right doesn't put money into ones account... 😉

Cashhy11:
I want to assume you didn't mean this part. If being right doesn't put money in ones account, then being wrong does what then? Fills the account up?

Cashhy11:
I want to assume you didn't mean this part. If being right doesn't put money in ones account, then being wrong does what then? Fills the account up?

Fxwarrior:
Samfelly what is your uncle, Mr Powell saying about gold?

Fxwarrior:


While we try for our analysis to work, sometimes the market has a mind of it's own.

Take for instance, fundamentals are saying buy while market is overbought, technicals will win eventually and market will sell.

If you hold tightly to your bias, you'll definitely lose money.

So wait and follow the market direction and be profitable. That's what he's saying.

But of course being right has it's perks too. Just don't trade blindly.

Davigle:


First of all, I speak from my own limited experience and perspective, and there are many times I have been right about the market and ended up losing trades or money in the end. there are also times that I didn't know what was going on or I wasn't sure about what was going to happen in the market but still had a profitable trade. the point I'm trying to make is that we can't always know what will happen in the future or in the markets with utmost certainty but either right or wrong we can always manage our risk appropriately, hence why I advocate for being adaptive with your analysis

I guess a better rendition of what I meant to say is that being right doesn't put money into ones account if you don't manage your risk appropriately. maybe you may agree with me on that sir...

Fxwarrior:
From my deductions, everybody is confused as to direction of gold due to how It ended on Friday.

2500 is a psychological level. That's all. For direction, Monday will determine;

It could either go to 2400 region, turn around 2355 region or an outright sell to 2320 region.

These are 3 possibilities. The hourly candlesticks are not convincing for now unless they become bold on Monday.

Fxwarrior:
From my deductions, everybody is confused as to direction of gold due to how It ended on Friday.

2500 is a psychological level. That's all. For direction, Monday will determine;

It could either go to 2400 region, turn around 2355 region or an outright sell to 2320 region.

These are 3 possibilities. The hourly candlesticks are not convincing for now unless they become bold on Monday.

Fxwarrior:
Samfelly what is your uncle, Mr Powell saying about gold?

Davigle:
Oil, gold and silver definitely to gap up at market open, Israel confirms that it plans to retaliate against Iran within 24 to 48 hours. some say that it's going to happen tonight but it has not been confirmed yet. either way this just heightens tension in the middle east again, more selling in the crypto space...

Davigle:
Oil, gold and silver definitely to gap up at market open, Israel confirms that it plans to retaliate against Iran within 24 to 48 hours. some say that it's going to happen tonight but it has not been confirmed yet. either way this just heightens tension in the middle east again, more selling in the crypto space...

Cashhy11:
For something one will be doing for a very long time. One needs to have accuracy to a certain degree.

G30fx:
GOD and US30 have practically refused to show us where their next movement is heading to but we are still waiting for them if i didn't learn anything in FX trading at least i learnt to be comfortable with staying idle waiting for the right charts formation regardless the hours it takes