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XAU/CNY - Gold Spot Chinese Yuan

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AUD
19,200.86
+98.88(+0.52%)
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XAU/CNY Discussions

Now price seems to be rising to the moon. Who's in the mood to buy? Other than Mr Rock. LOL :P
haha...i am already in when it hit today's bottom...:))
I was in at 1311 spot
audusd is good buy for 300pips....IMO..:))
Are you sure brother to buy auusd for now reply please
Pls dont ask me if i am sure, in trading or stocks nothing is 100% sure...but based on my analysis 0.77188 is a strong support...if you are buying wait for it to test once more or buy cmp and put SL 50 pips below the above level i mentioned..
Thank you are right 0.77188 is a strong support
When you see price rising from bottom and appears to be heading higher, don't chase. Wait for pull backs, wait for moments when you are scared to do anything, then only you buy. When you feel confident and comfortable buying, that is not the time to buy. :P :))
I lost a lot with that situation. Buy when good to buy, sell when good to sell then lost again and again.
Because it is psychology game
@Chat. That's how I gauge market sentiments. The composite man will always use fear to drive us into doing trades the wrong way. First you need to understand what you are fearing and why you are fearing. And when you feel good, why are you feeling good. The composite man is behind every emotion you encounter when you are trading. He is never away from us, always lurking behind our conscience.
https://invst.ly/6y4x5 This is what my updated Elliot wave chart on 5H tells me. I see an even higher wave 3 top ending at 1380. :)) Short for 1280 or long for 1380? Take your pick. :))
Note price action is now supported arounf 236 fibo at around 1312.60 futures.
Awesome, 1380!
Hello Debbie..:)) well based on C & H , i have to pick 1380...:)) let us see how...
Hit tp on oil Thx Olivier :)
I am having the same fun with oil :-), lets hope gold will soon follow!
Hi eugene 've please share the entire for next time brother we can make some $$$
https://invst.ly/6y4i6 Lowest so far is 1309.50. Is this the final spring at comex? I hope so. :))
If a shakeout or spring happens today, it does not mean shakeouts or springs won't happen again next week. The only way to protect your interest if you are playing the bulls game, is to keep your margin account healthy, keep your leveraging low and never allow your account to fall into margin calls.
@Stoyan. I'll post a Wyckoff with an upthrust pattern when I see one. Right now, I don't see any. :))
Thanks Debbie. I need to learn Wyckoff method. Otherwise I wait for the reversal upside.
Price won't stay at these levels for long. :))
 why ? But DXY seems strong and it keep breaching the support
@Loh Khee. My opinions are purely derived from price action analysis on gold. I don't look at correlations. Correlations is not a tool that I use. :))
 i see . Thanks :)
Hi guys, sorry for bothering you. Virtual net longs continue to drop, changing dx-pog correlation but still in consolidation mode. dx continue to lead pog. Forecasts for dx point out maximum 91.4 which id correlation remain almost the same will drive pog to 1290 + level and pos to 16.10 level. Good luck to everyone.
Deb , running H4 candle scaring me :))
@Krish. Being scared is a good thing. It's the signal to buy. :))
 i said u wish kris. I hope ww go there but i doubt it. But if we go there i buy phyaicallll
https://invst.ly/6y42u This is what Wyckoff is telling me on 1H. Very strong probability that 1310.20 earlier is the spring we're looking for. Otherwise, pog would have made another lower high today and postpone the spring recoiling on another day.
https://invst.ly/6y4bn Missed out the link. :))
Thanks Deb , you got it what I asked ..... good luck for your buys Deb :)
@Krish. Do as what the big boys are doing. Buy incremental small lots on your way down. No one knows where the bottom is. No point wasting time trying to guess the bottom. That is what usually leads traders to missing the boat. :)) Buy small, on the way down, and manage your risks well.
Below 1310, more than 100 contracts parked and waiting at almost every pip down.
@Chat. More likely the large specs wants us to sell to them at these prices. But this is no confirmation that this is the end. We may or may not see another pull back. Just keep leverage low and margin account healthy to absorb these sudden pull backs.
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Did you buy Debbie ? Or waiting for clear direction?
@Firas. I nibble my way down :))
I think this is an attempt to try and hit a few SL and clean out a few accounts, before moving higher!
spring or last drop before spring ...
GG wants his 1309
now I see it :(
Pending order buy at 1308:)
Comex touched 1311. Start nibbling guys. :))
1310, 1302, 1290, let's vote! :)
1311.5 futures for me
To be exact it is 1311.50 from my screen.
Tears for goldie!!!! He is mostly correct but always bad timing but thats also speak for me. Till this day my timing is also off to enter exit and cant reach the best possible profit
profit takings for higher buys
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Best luck viona
Done :)) traded altogether around $25 profits for e day :) place some pending buys and g'nite all + have a nice weekend ;) until monday ;) :)
What's ur pending viona?
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Debbie.. what is your expectations for today ?
Bulls are consolidating. Don't buy unless you are well risk managed.
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Thanks Debbie
Bulls consolidating means, big funds are quietly buying in small amounts but at higher frequency, they will buy but at the same time they will not let the price rise too rapidly until their buying is done. And they achieve this with buying as other traders sell, and they sell to push price lower so that they can buy again cheaper. Overall, they buy more than they sell. :))
Debbie, goldie has close his positions :)) i really thought he will go sub 1310 tho
 yeah but for all the wrong reasons huahahahahahhhaahahahhah
strong advocate of the bull camp :p
@eugene. Yes, he's full of bull. :))
however still marked 1308.88 and 1311.30 for now.
If I can perhaps add some input here.. As far as I can understand it is always best to hedge your green trades for that reason. Perhaps you can exit your shorts around 1310 as Viona suggested this could be our bottom for now. Alternatively, as it breaks 1320+ you can release your hedge on the way up next to 1324 resistance. I am holding higher longs myself, but not too worried about these as I expect a much higher upside months from now.
Viona u mean it will visit 1308 and 1311?
Dear eugene, thank you for the input. Basically, you said, hedge the green trades, So far I always keep my margin sufficient for 20/30 points drawdown, and using only small lots.
I ve closed all my shortings today ;) no hedge over weekend ;)
Closed some of my higher longs again too :D added some new longs at lower positions :)
@Viona, Not going short.?:)
@SiuLien done my shorting dear :p will see ;)
Viona , do we get a chance to go below 1300? If I get near 1300 can I buy more ?
Mostly 1324 is on the card soon imo.....Hi everyone :)
Thanks Viona
Olivier , thanks
hi :)
Hi Viona. Nice to see you.
Hi Stoyan :)
@WeiMing last time closed previous 1313 and see today got a new entry around 1313 again :)) lol
Will short in London open
Hi Viona,what level did you hedge? Released?
 oh ok, you  closed your short from 1327.. So hopefully price wont go below 1313..:)
 Love the meaning behind that... Green green green!!
Exit around 1313 :) then have bought around there :p
Hello GM... dear all...hv a great day.. Happy Trading...:))
Hi Krish...I still see it's gonna sink below 1300...then I will start buying...I have a small buy from 1318 though for tp 1324...and a short @1341 when it spiked for Cohn news...didn't close yet...will hold it till FOMC..let's see how it works...:))
Good Work Praj..... me also having short from 1340. But buying from where like confusing and can not place pending buys right now..... waiting only
Hmmm...I still see a possible high range today then a heavy smash coming into play next week...may be around 1350
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Good morning... does anybody know why gold is trading in range of 131x? it seems pog wanted to go up, but somehow something is pulling it back.
During this past 3 months pog only manage breaching 1310 twice lollll
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 thank you mr. lepo. but fomc is scheduled next week Thu, and this week left only Building Permits for Feb. not really like slow trading like this, hopefully quickly over and volatility is back again...
 it will be slow i think if this mirroeed last dec. The focus is not hike or no hike but its more about whether mire than 3 hikes. So from monday i think there will be many noise to distract us
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