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Gold with zero drama!

  • #1
  • First Post: Jun 3, 2:41pm (28 hr ago) Jun 3, 2:41pm (28 hr ago)
So I have started to notice that our beloved forum “gold with no drama” actually became a scene for drama and conflicts, so I decided to create this thread where NO DRAMA will be tolerated, we talk only about gold, and i emphasise on ONLY.

Let me start, so all my HTF (weekly, daily 4h) is showing bearish momentum while LTF are showing no real direction.

Im short from 4460, SL on BE and my TP is 4407
  • #2
  • Jun 3, 2:48pm (28 hr ago) Jun 3, 2:48pm (28 hr ago)
On the longer term, i see decent chance for pa touching between 4280-4220, I would estimate in the next week or 2
  • #3
  • Jun 3, 3:10pm (28 hr ago) Jun 3, 3:10pm (28 hr ago)
Quoting fxmasterdxb
So I have started to notice that our beloved forum “gold with no drama” actually became a scene for drama and conflicts, so I decided to create this thread where NO DRAMA will be tolerated, we talk only about gold, and i emphasise on ONLY. Let me start, so all my HTF (weekly, daily 4h) is showing bearish momentum while LTF are showing no real direction. Im short from 4460, SL on BE and my TP is 4407
Just Subscribed !
I'm in !!!!
Keep going...
A little beginner trader since 2006
  • #4
  • Jun 3, 3:17pm (28 hr ago) Jun 3, 3:17pm (28 hr ago)
Quoting Naseri13
{quote} Just Subscribed ! I'm in !!!! Keep going...
great, thanks for the support!

Lets keep this forum for the real traders only
  • #5
  • Jun 3, 5:23pm (26 hr ago) Jun 3, 5:23pm (26 hr ago)
Quoting fxmasterdxb
So I have started to notice that our beloved forum “gold with no drama” actually became a scene for drama and conflicts, so I decided to create this thread where NO DRAMA will be tolerated, we talk only about gold, and i emphasise on ONLY. Let me start, so all my HTF (weekly, daily 4h) is showing bearish momentum while LTF are showing no real direction. Im short from 4460, SL on BE and my TP is 4407
Subscribed
Positive pips to All
  • #6
  • Jun 3, 7:13pm (24 hr ago) Jun 3, 7:13pm (24 hr ago)
Until this War is over, Gold is not a buy on Stock Market ETF's. Physical long-term yes.
  • #7
  • Jun 3, 8:13pm (23 hr ago) Jun 3, 8:13pm (23 hr ago)
Chart has rebounded from the 4431 area and is currently trading near a key resistance zone between 4458 and 4461.
Resistance Levels
4458 – 4461
4468 – 4472
4484 – 4488
Support Levels
4448 – 4450
4440 – 4442
4431 – 4433
Bearish Targets: 4450 _ 4442 _ 4431
●If price breaks and holds above 4461:
4470 _ 4480 _ 4488 ●

The broader market structure remains bearish. Buyers need a confirmed breakout above resistance to shift momentum in their favor.
A little beginner trader since 2006
  • #8
  • Jun 4, 9:12am (10 hr ago) Jun 4, 9:12am (10 hr ago)
Hello everyone, I have been very busy with my day job and did not have the time to post here.

So obviously my short on 4460 got stopped out, market on HTF is still bearish while the LTF has turned to be bullish earlier today, recently we had nice rejection on 1hr, 30 min & 15 min TF suggesting possibility of reversal and aligning with HTF.

I have opened a fresh short on 4509 targeting 4390, probably by tomorrow.

I will post some charts soon
  • #9
  • Jun 4, 9:39am (9 hr ago) Jun 4, 9:39am (9 hr ago)
So this is the rejection i was referring to in 30 mins and 1 hr TF, ofcourse it much more cleaner on 30 min TF.

The 4hr TF is still bearish, as you can see pa is making lower highs and lower lows which indicates continuation.

P.S. for higher time frames (4hr, daily & weekly), I dont use my broker feed as it counts the beginning and close of 4hr & daily in different way, hence I use demo account for HTF analysis
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  • #10
  • Jun 4, 9:39am (9 hr ago) Jun 4, 9:39am (9 hr ago)
Quoting PixelAura
{quote} Subscribed
thanks, looking forward for your input
  • #11
  • Jun 4, 12:43pm (6 hr ago) Jun 4, 12:43pm (6 hr ago)
Market is in consolidation mode now, moving sideways

I anticipate a bearish momentum either by the end of us session today or during the asian session tomorrow
  • #12
  • Jun 4, 1:32pm (5 hr ago) Jun 4, 1:32pm (5 hr ago)
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mannnnan
  • #13
  • Last Post: Jun 4, 2:36pm (4 hr ago) Jun 4, 2:36pm (4 hr ago)
Hello traders,

Scalpers must have had a great day today. I managed to close the session with +$ while keeping drawdown below 2%.

From my perspective, Gold may still have room to push higher ahead of tomorrow's NFP release. However, if the 4455 support level is decisively broken, my medium-term bearish outlook toward the 4200–4100 zone remains in play.

Asian Session
I expect a range-bound market for now.
Most likely range: 4450 – 4480

London Session
This is where things get more interesting.

- If London can establish acceptance above 4480, then 4490 and potentially 4510 become realistic upside targets.
- If price gets rejected from that area, I would expect a move back toward 4455.

NFP Scenario

- A stronger-than-expected NFP could push Gold below 4455, opening the door toward 4400.
- A weaker-than-expected NFP could support a continuation higher toward 4490–4510.

At the moment, I see a slightly higher probability of testing 4490–4510 than a direct breakdown below 4430.

For me, the key levels on the chart are:
Resistance: 4480
Support: 4455
These two levels will likely determine the next meaningful move.

Good luck and trade safe.
A little beginner trader since 2006
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