Attachments: Gold with No Drama

Gold with No Drama

#57,801
Jun 17, 8:46am (5 hr ago) Jun 17, 8:46am (5 hr ago)

fxcontest
Joined Jul 2011 | Status: Trader | 3,183 Posts

BUY and safe...after too many BE and tiny stoploss

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Holy Betting Grail strategy

#57,802
Jun 17, 8:49am (5 hr ago) Jun 17, 8:49am (5 hr ago)

ekson
| Joined Apr 2010 | Status: Trader | 114 Posts | Online Now

Short 4344

#57,803
Jun 17, 8:52am (5 hr ago) Jun 17, 8:52am (5 hr ago)

balenciaga
| Joined Apr 2026 | Status: Trader | 26 Posts | Online Now

4346 sell

#57,804
Jun 17, 8:53am (5 hr ago) Jun 17, 8:53am (5 hr ago)

PatienceFx
Joined Jun 2013 | Status: enjoying life | 23,920 Posts | Online Now

I will not touch gold for next 6 hours

#57,805
Jun 17, 8:56am (5 hr ago) Jun 17, 8:56am (5 hr ago)

azhantahir
Joined Jun 2020 | Status: NY flip project. Probability games | 3,587 Posts

Quoting GuadianTheOG

Disliked

Quick question, is this gap between ~4270 and ~4220 going to get covered? I'm not a pro trader like most people here so this is a noob question but I thought the chart always covers these open gaps. From my limited knowledge the market is currently sideways. It's been oscillating between ~4333 and ~4220 since open. Go easy on me, I'm trying to learn, some questions may come across as common knowledge but I have been taking for a short period of time. Not asking for financial advise, just general knowledge. {image} {image}

Ignored

IMHO.. You choose to become a trader. So, you are already a PRO.

You are right. We are inside the sideways. But we still have an opportunity to buy or sell. It depends on your bias at that time. The best position (low risk) to reenter is near the lower ask (buy post) or higher bid (sell post). Not suitable to reopen any post in the middle range (high risk). Another name for Sideway is Accumulation/Consolidation/Equilibrium (depends on the method we used).

gaps, it depends on the current proposal.

Look right, we'll see the signs

#57,806
Jun 17, 8:56am (5 hr ago) Jun 17, 8:56am (5 hr ago)

GuadianTheOG
| Joined Jun 2026 | Status: Trader | 8 Posts | Online Now

Quoting mysticcanada

Disliked

{quote} There is a statistical high liklihood of a "gap fill". One of the more reliable trades. However it is NOT a guarantee in any way, like any trade. So statistically speaking there is a very high probability of a gap fill, highest liklihood was Sun/Mon, that it hasnt happened yet reduces that probability and is likely linked to oil prices crashing (oil down = gold up) and the macro peace deal iran issues. Nothing is for certain it is always a "grey fog."

Ignored

Thank you for that insight. This helps greatly. I will however keep my orders open and pray for FOMC to bring gold down to cover the gap.
This will provide me with some cream for my cake. Today's predictable oscillations have given me some profits so for now I am going to stay out of the market until I see solid proof of movement in one direction.

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#57,807
Jun 17, 8:59am (5 hr ago) Jun 17, 8:59am (5 hr ago)

GuadianTheOG
| Joined Jun 2026 | Status: Trader | 8 Posts | Online Now

Quoting azhantahir

Disliked

{quote} IMHO.. You choose to become a trader. So, you are already a PRO. You are right. We are inside the sideways. But we still have an opportunity to buy or sell. It depends on your bias at that time. The best position (low risk) to reenter is near the lower ask (buy post) or higher bid (sell post). Not suitable to reopen any post in the middle range (high risk). Another name for Sideway is Accumulation/Consolidation/Equilibrium (depends on the method we used).

Ignored

Thank you for those kind words but for someone who just learnt recently what FVG means, I am far from being a pro. lol
I only fear that my trade shouldn't be the wrong one when the market breaks.

#57,808
Jun 17, 8:59am (5 hr ago) Jun 17, 8:59am (5 hr ago)

Harry07meltG
| Joined Dec 2025 | Status: Trader | 25 Posts

Too early to sell

#57,809
Jun 17, 9:00am (5 hr ago) Jun 17, 9:00am (5 hr ago)

plesac
| Joined Oct 2012 | Status: Trader | 183 Posts

Thinking we are at upper triangle line. Worth trying sell. Smaaaal sl needed. If sl hit much smaller regret than missing that move. This is really small sl
If all goes well 4333 and 4325 area. Lower 1hr triangle line
Edit. Stopped out on way down

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