{quote} Like anyother price... Right....1 candle low at 4117.84 and other candle high at 4117.84, expected a max body downside in weekly the sum is the same, yah.... In the chart since beguining of the week i guess....
{image}
- #56,384
- Jun 11, 12:47am (2 hr 30 min ago) Jun 11, 12:47am (2 hr 30 min ago)
- Joined Nov 2020 | Status: Trader | 4,577 Posts
- #56,388
- Jun 11, 12:52am (2 hr 25 min ago) Jun 11, 12:52am (2 hr 25 min ago)
- Joined Aug 2010 | Status: Trader | 1,278 Posts
The Phoenix Trader....
- #56,389
- Jun 11, 12:53am (2 hr 23 min ago) Jun 11, 12:53am (2 hr 23 min ago)
- Joined Jun 2025 | Status: Trader | 1,875 Posts | Online Now
Patience
- #56,390
- Jun 11, 1:06am (2 hr 11 min ago) Jun 11, 1:06am (2 hr 11 min ago)
- Joined Oct 2020 | Status: Trader | 14,044 Posts | Online Now
Insane in the Brain..
- #56,392
- Jun 11, 1:12am (2 hr 5 min ago) Jun 11, 1:12am (2 hr 5 min ago)
- Joined Aug 2010 | Status: Trader | 1,278 Posts
The Phoenix Trader....
- #56,393
- Jun 11, 1:14am (2 hr 3 min ago) Jun 11, 1:14am (2 hr 3 min ago)
- Joined Oct 2020 | Status: Trader | 14,044 Posts | Online Now
Insane in the Brain..
- #56,394
- Jun 11, 1:17am (2 hr 1 min ago) Jun 11, 1:17am (2 hr 1 min ago)
- Joined Jun 2025 | Status: Trader | 1,875 Posts | Online Now
Gold Updated Analysis
Gold remains under strong bearish pressure after breaking below multiple support structures and confirming a lower low formation near the 4023 area. Price is currently attempting a corrective rebound from the recent low but the overall market structure remains bearish as long as it trades below the descending trendline and the key resistance cluster around 4190-4235. There could be a potential retracement toward the 4152, 4192 and 4232 levels. Any recovery into these areas is likely to attract fresh selling interest. A rejection from the 4190-4235 region could trigger another leg lower toward 4000 and below while only a sustained break above the major resistance zone would weaken the current bearish outlook.
Trade Plan - Sell Setup
Sell Zone: 4190-4235
Targets: 4120, 4023, 3893
Invalidation: H1-H4 close above 4268 
Gold remains under strong bearish pressure after breaking below multiple support structures and confirming a lower low formation near the 4023 area. Price is currently attempting a corrective rebound from the recent low but the overall market structure remains bearish as long as it trades below the descending trendline and the key resistance cluster around 4190-4235. There could be a potential retracement toward the 4152, 4192 and 4232 levels. Any recovery into these areas is likely to attract fresh selling interest. A rejection from the 4190-4235 region could trigger another leg lower toward 4000 and below while only a sustained break above the major resistance zone would weaken the current bearish outlook.
Trade Plan - Sell Setup
Sell Zone: 4190-4235
Targets: 4120, 4023, 3893
Invalidation: H1-H4 close above 4268
Patience
- #56,395
- Jun 11, 2:16am (1 hr 1 min ago) Jun 11, 2:16am (1 hr 1 min ago)
- Joined Nov 2024 | Status: Trader | 5,366 Posts
- #56,396
- Jun 11, 2:31am (45 min ago) Jun 11, 2:31am (45 min ago)
{quote} Closing above 4117.8 looks like.... but the way i am seeing building momentum cautiom that the tap in 4122 can trigger another big fall and at the end can be just a wick of 4117.8 closes matter
- #56,397
- Jun 11, 2:33am (44 min ago) Jun 11, 2:33am (44 min ago)
- Joined Jul 2011 | Status: Trader | 3,173 Posts | Online Now
Holy Betting Grail strategy
- #56,399
- Last Post: Jun 11, 2:36am (41 min ago) Jun 11, 2:36am (41 min ago)
- Joined Jul 2011 | Status: Trader | 3,173 Posts | Online Now
Holy Betting Grail strategy