Bottom of the channel @4100

Gold with No Drama

Could still finish the week green

Gold with No Drama

Very unlikely its over at the speed it was moving upwards, its been due a decent correction for a long time, it'll be back off again soon enough.

Gold with No Drama

Still got pending order awiting at 4147, looks like it might strike today

Gold with No Drama

To be frank... I fucking hate it when that happens lol Target 4315 / 4330 for shorts. Not taking any trades. Need to do some work.

Gold with No Drama

Taken long at 4217.8 SL 4197 TP 4315

Gold with No Drama

IMO. targeting 4315 US session with a bounce off the channel. Needs to cover those singles with rejection before going back into sensible teritory.

Gold with No Drama

it’s literally just bounced off the top of the channel

Gold with No Drama

Wants to come back into the channel but I wouldn't be surprised to see it head back to highs and take a few days to get there.

Gold with No Drama

I believe we see it tomorrow or Thursday. Could see another attack into 4300's on USA session later if 4250 holds

Gold with No Drama

Lots of trend line confluence around 4150

Gold with No Drama

If it does go deeper than 4147 I believe we will see 4055

Gold with No Drama

Mad to see it move 10000 pips in 8 weeks... no surprise really that it can drop hundreds in single candles, always come down quicker than goes up, still believe we are on for 4900's this side of Christmas. Just a healthy correction.

Gold with No Drama

Yes. 4147

Gold with No Drama

Needs to pull back deeper to form a more solid support imo

Gold with No Drama

Wasn't directed at you ness, just a reminder, really if you're trading with 10k account, lot size should be no more than 0.1 per 100 points, risking 10% draw down on extreme moves. Market will humble us, even when we've been trading for a long time. ...

Gold with No Drama

when you’re looking at 1000+ pip days reduce your lot size and you won’t lose your account. 2 years ago you were lucky if it was 100 pip moves, should size up according to size of swings, or it’s basically just over leveraged gambling.

Gold with No Drama

It needs to go deeper before building strength… wouldn't be taking anything that isn’t on the outer range with moves like that.

Gold with No Drama

None of this is strong support tho eh, not like it’s been chomping around these levels for more than a week.

Gold with No Drama

Btw Deal I am sure we are coming from the same place. Just looking at different aspects / angles. English was spot on I wouldn’t have known it wasn’t first language. gl dude

Gold with No Drama