💙 🔷 Not impressed by Big Tech in Q3? Explore these Blue Chip Bargains insteadUnlock them all

XAU/TRY - Gold Spot Turkish Lira

Real-time Currencies
Currency in
TRY
Disclaimer
85,682.37
+544.75(+0.64%)
Real-time Data

XAU/TRY Discussions

This is one of the most impotent, powerless and toothless UTAD I've ever seen. LOL. Thks to that spike. It dragged ATR up above 2.0++ on 15m. :)) :)) :))
Sam , on one weak with debi , you started hedge
LOL
 yep queen of hedgies here. And queen of scalping in sgd. between these 2 hopefully we make lots of money lollll
Imagine how you would feel right now, if you are in short, and you set a SL at rightly above the previous top at 1327.30. :)) Gatekeeping....... :)) :)) :))
Yep thats wh today also gone till 1327 too many sl hit too.
Thank goodness no SL set
Debbie, do anticipate it dropping again today? Signals are really mixed. Do you think slowly buying and holding from 1300s is reasonable if it drops?
@Higgs. Buy only if you see W%R on (D) drops below negative 50. The lower, the better. :))
Just bought again @cmp and tp @1330.....GL
GL
Gatekeeping is a barrier between your capital and ideas. It serves to prevent you from doing things that result in losses. A good idea may sometimes end in a bad trade, but a bad idea usually ends bad. For ex, you longed GC at 1325 and got stopped out at 1315. But days later, the price rises to 1330. Your idea was correct, but you lost money. Sounds familiar? It's okay to be wrong and lost money but to be lose money when you are actually right is painful. TA and price action are the 2 components that forms the box of 'gatekeeping'. Often traders draw ideas from TA. This is incorrect. Ideas are to be generate from fundamentals.
@unstained. My pleasure always. :))
Thanks for sharing :) it's very useful for a newbie like me
Yes dear debbie I ve it too in my kitty.. it does means 'one glance'.. it works best with rsi... It is one among my fav 4.
1 h before US open,we enteri manipulation time... bad news from.  China one more reason to do it?
Sign sell off coming....
Hi everybody, today we have a new similar shape of candle ( high @1327 ) that I posted yesterday, price should go back and above this high soon.....https://invst.ly/6azer....probably a good option to buy lower. Just pay attn that today closing candle will be above 1315 ( weekly pivot )....then R1 @1330....GL
 No I still holding based on my weekly and daily analysis that I did last week end ( ichimoku trend + fibo )....
and montlhy + weekly PSR too :-)
Good luck
A good buy point is when the Williams % R indicators on (D) drops back to below -50.
@Dunar. Depends on your trading style. The number I suggested above below -50, is based on 14 period W%R.
Thank you!
You’re using rsi alongside William?
Debbie, will you keep your shorts if we go back to and stay beyond 1325? Trying to figure overall game plan for the anticipated fall, as I remember you mentioned you’d cover your shorts if it convincingly stays above 1325, or was it 1328?
@Higgs. Convincingly above the previous high at 1327.30. My SL is still far away and my average shorts now are still in green. No need for me to cover on some knee jerk market reaction.
Guy's now its little bit tricky.. now the support is 1320 ..if fall below 1320.. hedge it, we may see 1306,1303.. and if it stay's above 1320 in US session .. then we can see 1331, 1335, 1338, 1341 :))) so please keep your equity strong.. and if your equity doesn't support.. pls follow the 4$ rule always, take your profit in time .... and never be greedy.. always take your profits in breaks, straight profits.. make you loose.. if rejections occurs.. and never put SL or TP . if you are in front of your desk.. .. and remember greed always bleed. :))))
@ Madam .. from last 3 month I also follow the crypto and gold along with indices and Forex. . .which gave a plus sign to calculate commodities.. thanks
I'm sure you are. :)) Or else you won't be more right than wrong in your calls. However I have yet to seriously consider correlation as a purpose tool for my trading. May be some day. :))
Shahid .....break 1320...
Thank you Debbie understood about positions
I think this time gold will reversal....
@sean. Totally agree. My Wyckoff shifted from the 30m to the 2H. Which means, the coming fall is going to be huge. :))
My all indicator is overbought....my last resistence 1327.97
The last spike to 1328.60, drawn a UTAD top on 2H. The larger the TF gets, the harder it is for manipulation to continue. :))
I have sold at 1324, 1321 and 1317, hope it goes well
From now, I believe it's best not to indicate your positions openly. :))
I hope nobody bought that spike just now.
Excellent. I happy to see these posts. :)) ATR is picking up speed on 15m, and the direction has changed. GL. :))
Hi Debbie...nice see you....I short 1319.7 spot gold
sold arnd 1324 as in INR
is it a good time time to sell
I can see there is was a spike on volume after all. Besides the price bounced off the cloud on the 4h chart. Sign of a strong support at 1308? Surely there must be even more volume during the US session?
@eugene. Well, you can use 2H or 3H and draw a few lines on the volume bars to confirm your assertions. :))
Talking about exhaustion candle if I get it right?
| think "they" will not let it go much further, at 1325 thier alarm rings and will pour sme water on the fire. Mybe at us open there'll be a retrace. me added short at 1324
But don't underestimate what the market makers can or cannot do, especially if you are putting your money in the line.
Thinking wether to try and scalp the BB range.. at the same time don't want to overexpose myself further on the sell side. Gonna probably start hedging with buys as well once this calms down
just mini thou, and spot, cause requires less margin..
This was quite unexpected. What are people’s view on this? Is this the break to new high’s or a fake spike? I myself believe this will calm down, just like the spike we saw a while before to 1288. Hope everybody keeps enough margin ((:
reaction to the Chinese news.
Last time it was a reaction to USnews and it went lower then where the spike started after a few hours.
well, its usually an overreaction
take your profits. :))) now.. next target 1331 :)))
I thought of closing the long ... thanks for update. I need to close the hedge
Congatulations Shahid. Your patience paid off. :))
Thanks Madam :)))
Debbie, any comments?
What can I say? 1328 wasn't within my anticipation but I'm not buying this spike. I still see UTAD on 2H.
 I am just confused by this spike above 1325. That's why asked your oppinion as it's always comes with great arguments
Debbie, are u still short?
Yes, I'm still short. And I think it is a bad idea for me to keep telling what my positions are. When price action goes against my positions, the whole lot of you gets affected. My sizing allows me to hold and I have no idea how bad it is for the rest of you. For this reason, I don't like giving calls.
 it is ok, whatever we do is on our own accord. Your guidance n calls are greatly appreciated. Dont feel bad pls..
I feel bad for the goldfather i think he is ok but he likes to get bullied.
He was staying away ....
Good morning. I closed my shorts on time with small loss.
This rise is on rather low volume, no?
Deb, understood. Luckily did not open sell at low this time....
Debbie how far can I gold the long can u please advice.Please please advice
just coming after a while Debbie  :))
Good morning. :))
Morning, Deb. Joining others in thanking you for this new discussion thread/forum. Hope it stays unspoiled and won't attract spammers from the GC. I really do enjoy your and other traders' posts very much. Good day to you and to all.
You are welcome chip81. :))
you woke up, and usd/jpy wild price action is taking place... may correlate with xau/usd somehow... :))
...
...
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.