Gold chart analysis

Discussion in 'Commodity Futures' started by Cam12, Jan 20, 2025.

  1. Cam12

    Cam12

    Thursday XAUAUD

    4hr
    upload_2025-3-13_11-13-6.png

    What I'm waiting for:
    - A retest of range lows
     
    #101     Mar 12, 2025
  2. Cam12

    Cam12

    What do you mean by "real traders die soon"?

    That sounds like a wild strategy but it seems to be working very well for you.
    Have you been doing it for long?
     
    #102     Mar 12, 2025
  3. SunTrader

    SunTrader

    Monday's bullish WR bar blew out any EW downward corrective pattern - other than possible a complex correction and they are not fun to hang around and wait for.

    Long and strong seems to be the way to go, so I'll be looking for a pullback at some point.

    Note Gold is really secondary for me compared to equity indices which have been bat chit crazy lately so its hard to find the time for other markets like Gold and Crude my standbys when other markets are not as hectic.
     
    #103     Mar 12, 2025
  4. Cam12

    Cam12

    I have started doing the same.
    Last night I was trading Nasdaq after CPI instead of gold.
    I ended the session at break even so it didn't help me much haha
     
    #104     Mar 12, 2025
    SunTrader likes this.
  5. hajimow

    hajimow

    By real trader I meant those who trade for living and not those that who have a good fixed job andnot just buy 10 shares of NVDA for fun.
     
    #105     Mar 12, 2025
  6. Cam12

    Cam12

    That doesn't bode well for my future haha
     
    #106     Mar 12, 2025
    hajimow likes this.
  7. Cam12

    Cam12

    Friday

    Daily
    upload_2025-3-14_10-13-29.png

    1hr
    upload_2025-3-14_10-13-48.png

    15min
    upload_2025-3-14_10-13-29.png
     
    #107     Mar 13, 2025
  8. Cam12

    Cam12

    Monday

    Daily
    upload_2025-3-17_10-30-51.png

    1hr
    upload_2025-3-17_10-31-3.png

    30min
    upload_2025-3-17_10-30-51.png

    What I'm looking for:
    1. An entry during a retest of 2990
    2. An entry around 2980-2981 if 2990 fails
     
    #108     Mar 16, 2025
  9. schizo

    schizo

    Keep an eye out on the USD. As long as the USD stays weak, stick to Gold. But you might ask, how the hell are you supposed to know if the USD will remain weak and not reverse on you? Follow the 10-year Treasury.
     
    #109     Mar 16, 2025
  10. Cam12

    Cam12

    Hey Schizo, Ok will do.

    Thanks for the heads up!
     
    #110     Mar 16, 2025