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Altair

GOLD | We're in a Bearish Triangle, Will We Break Through?Gold likes to move in patterns sometimes, and it's also worth considering that the orange rock is quite overbought right now. There's a chance that the triangle will be respected, and also there's a chance that we'll fly up. Both have their arguments, but the downward direction option is more likely to happen. Don't open any positions, because we can understand what's going to happen only after next movements. Now let's watch and see!
OANDA:XAUUSD
by AltairView
GOLD | Is This Bear Flag Real?I have been holding my short position 2630-2615 for 12 hours now and I'll keep holding it because the bear flag looks pretty solid. But I'm opening a 12th Long position. Here's my little analysis for this position: It's really worth understanding that today we're expecting a giant amount of news that'll directly affect the USD, and therefore the XAU. Including the announcement of the ceasefire in the Middle East, as well as GDP, Unemployment Claims, Core Durable Goods and PCE. It seems to me that the news will be positive for the USD this time, and so Gold will fall, at least a little. But here's the situation: there are still a few hours until the news, and the bear flag hasn't reached its top yet, so along with the existing short position, I'm opening a cautious long position. 2 active positions are better than 1 during such times: Opening LONG: 2645 TP: 2655 SL: 2590 I hope that both positions will be successful, so I'm using a fairly small lot and a large SL. Let's follow the news and see what's going to happen.
OANDA:XAUUSDLong
by AltairView
GOLD | Middle East calms down, what about Gold?I’m opening my long-awaited 11th position, and here’s what I think: I haven’t posted here for 4 days, I really didn’t know where Gold was headed. Now, after the latest news and announcements, things are much clearer. All the current news indicates that the U.S. economy is in good condition, and Middle East conflicts seem to be winding down. The last two days have been incredibly uncertain, but with all the information now available, it’s time to make a decision. Here’s my position, which is short: Opening: 2630 Take Profit (TP): 2615 Stop Loss (SL): 2700 There’s still a chance that the bear run over the past two days has already finished and that the market is reversing. But we can clearly see a significant bear flag forming, so my position is based not only on the news but also on patterns right now. Let’s see how this plays out! Remember: Don’t risk your entire balance—trade carefully!
OANDA:XAUUSDShort
by AltairView
1
GOLD | XAU vs BTC: Threat of Nuclear WarI'm opening my 10th position and here's my analysis: Have you seen how fast this big guy moves? Let’s discuss two scenarios and three assets. Here’s the 1st scenario: XAU, like BTC, is on steroids. The steroid is called "Global Nuclear War Threat." Countries in the 2nd and 3rd worlds, having easy access to BTC, use it as a safe haven. Meanwhile, 1st-world countries understand that their gold reserves might save them if something goes really wrong. And what could go wrong? Russia could get angry, rally its close friends from BRICS, and they might all declare, "Enough of using these green papers." The U.S. economy—or at least its currency—could collapse, and what will save the day? Orange rock reserves. Someone else might ask, "Wait, then why is the DXY rising?" That’s an even stronger sign of escalating tensions. Everyone is preparing for war, arms trading is increasing, and transactions are still happening with green papers. By the way, DXY is in Bullish Flag right now, so yes, it'll probably keep going up. So, DXY rises, XAU rises, and BTC rises? Exactly. DXY: Getting some extra cash because of the war. XAU: Your safety net if things go... Armageddonish. BTC: The backup plan when gold's out of reach + to make some money before everyone is dead. Now, here’s the 2nd scenario: Everything I said above is complete nonsense. And it’s all just market manipulation to gather the stop losses of those who think along these lines. It’s important to understand that even if everything sounds logical and reasonable, we can’t be entirely certain about any scenario in such a really volatile situation. But on the other hand, we should ask ourselves: is it really that unlikely for gold to reach $2,700? I don’t think it’s far-fetched, and opening a position with a maximally safe strategy shouldn’t lead to much pain. Even if it drops 100-500 pips, we’ll get back to 2700 sooner or later, right? I’m not even joking here, so keep that in mind too. Listen, at this point, it’s safe to admit this is a pure race and competition between BTC and XAU: $100,000 vs. $2,700. Which one will get there first? Honestly, it doesn’t matter in my opinion—they’ll both hit those targets in the coming days. I’m opening my 10th position, and it’ll be long: Opening: 2680 Take Profit: 2700 Stop Loss: 2610 As I always say, never use your entire deposit, and never set your stop loss too close. Now, let’s watch and see! I hope you all safe! ☕️
OANDA:XAUUSDLong
by AltairView
3
GOLD | Are we witnessing the formation of a new trendline?Ladies and gentlemen, it might be it. Maybe we're at the beginning of the formation of a new trendline? Many things are affecting Gold right now. In particular, not the most comforting news from the Ukraine-Russia war. It also seems to me that many are now starting to jump into short positions, thinking that there should be a retracement, which on the contrary helps institutional players to fuel the growth up. By the way, there is also a possibility that everything is the other way around, and the potentially expected growth will lead to a giant fall, but what is the probability of this? I open the 9th position, long with 70% probability. Opening: 2665 TP: 2675 SL: 2510 Despite everything global and possible speculations, whatever happens with gold, I think the overall mood is bullish right now and will keep being so. Do NOT use all the capital under any circumstances! Be careful and let's watch!
OANDA:XAUUSDLong
by AltairView
8
GOLD | Will Bull Flag and Global Events Help Gold Rise?Hey, ladies and gentlemen. In my personal opinion, while everyone else is thinking about gold falling again, I believe it’ll probably just keep rising to collect all the stop losses of the bears. Although the bullish trendline was broken recently, it’s creating a new trendline, probably a little bit thicker than the previous one. I think now, with this trendline, it’ll hunt for the record highs it reached before the election. What’s interesting is not just the price action, but also global events like the USA closing its embassy in Ukraine due to fear of escalation by Russia after what Ukraine used against them. Also, there’s a bullish flag forming right in front of our eyes. So, I’m pretty much certain, with a 75% chance, that it may keep rising. Also, what I wanted to point out is that my previous position proved to many people that stop losses placed far away are the correct way to work with the current gold situation. That’s why here’s my new 8th position: Opening: 2648 Take Profit: 2655 Stop Loss: 2590 Nonetheless, even with 75% or 99% certainty, you should never use your entire deposit during a trade. This is not a game of luck—treat this job as a business. With that being said, let’s see now what’s going to happen.
OANDA:XAUUSDLong
by AltairView
GOLD | False breakout of the trendline? It's pretty much risky position, but I think with 60% certainty that what's going on right now with gold price is purely fasle and fake breakout of the trendline. Although I have an opinion that DXY currently on a Bullish flag and will soon skyrocket again, but it's in a 4 hour time frame so it'll not happen soon. While gold is transferred to bullish trendline, I think it'll go this way for at least next day. Will it fall hard later? Maybe? I don't know. It's not the main question. My main point is that I opened my 7th position. Opening: 2636 TP: 2645 SL: 2585 Not only my own analysis, but also other tools and AI telling me about this position. By the way, I can actually be super wrong. But that's the game, isn't it? So let's see what's gonna happen.
OANDA:XAUUSDLong
by AltairView
GOLD | Fresh heights never hurt nobodyAlright boys and girls, it's all public now. I need to recover from my red square. You can see my reasoning and analysis below: So here's my 5th position: Oppening: 2610 Take profit: 2620 Stop Loss: 2550 For some reason I still think that Gold has no reason to go up. I think that billionaires are manipulating the market to make a fake trend. The bull may be fake! But I still think that there is a high probability that XAU will touch 2620, my stop loss is super far away. It'll be very interesting to see what will happen. Don't use all your bank!
OANDA:XAUUSDLong
by AltairView
USDCAD - Weekly Forecast!Hello Traders! The weekly forecasts prepared at the personal request of the Trader - AdeOluseun! Dear traders, we ask you to be careful with USDCAD currency pair, as the market is currently highly overbought on daily chart and we see by means of EWA/EWP, Volume, Cluster&Delta, Market Profile analysis, that major market participants lose interest in the growth of USDCAD. But if the price decline to the Last Friday's support 1.43628, you can (with the little money) carefully buy with the hedging target 1.45014. We thank you for the positive feedback of our market analysis! Best refards, Powerful Traders.
Long
by POWERFUL_TRADERS
3