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  • #63,881
  • Feb 10, 2025 3:00am Feb 10, 2025 3:00am
In my opinion, the USD might surge after the CPI, especially if inflation stays high or comes in stronger than expected. If that happens, gold could take a hit, giving us a good opportunity to go short.
I don’t follow the crowd — I follow my system. The rest is just noise.
  • #63,882
  • Feb 10, 2025 3:01am Feb 10, 2025 3:01am
Quoting goldsimp
{quote} That is not a healthy correction my friend. If that's your view then I respect it. Happy trading.
whats a healthy correction from your view my friend?
  • #63,883
  • Feb 10, 2025 3:01am Feb 10, 2025 3:01am
Quoting azhantahir
M1 pre-expansion. It's too early to conclude. 1st signs draw on liquidity. {image}
1st expansion ends with 80 pips below the current Higher High. Rejection Block happens at 520/1100 pips at D1 High Range. Waiting for liquidity void for next M5 pre-expansion (if available). Hopefully, new probability at the Pre-End London Open. The overall trend is still bullish. Right now nothing to lose and nothing to gain. It's just a personal opinion.

Multi TF: TFD1/TFH1/TFM1
Attached Image (click to enlarge)
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Look right, we'll see the signs
  • #63,884
  • Feb 10, 2025 3:02am Feb 10, 2025 3:02am
Personal opinion it can go 2911 until really make a decent retrace, but retrace to 2892 can been happen here.
No doubt gold is bullish bias, but price don't go in a straight line...
The reason move 150% atr so far was because friday, in the end we will see how much go further, if correction doesn't happen today it will happen tomorow.
Have to go, good luck to all!
  • #63,885
  • Feb 10, 2025 3:04am Feb 10, 2025 3:04am
Quoting MissD
In my opinion, the USD might surge after the CPI, especially if inflation stays high or comes in stronger than expected. If that happens, gold could take a hit, giving us a good opportunity to go short.
That could play out very well, pump higher for 2, almost 3 days, then big correction.

Standby...

MAY THE TREND BE WITH YOU
  • #63,886
  • Feb 10, 2025 3:06am Feb 10, 2025 3:06am
Quoting shay14
Looks like I'll be the only shorter here tp 2878
From my point of view, your price could act as resistance once it has been pierced
I am a rocket scientist.
  • #63,887
  • Feb 10, 2025 3:11am Feb 10, 2025 3:11am
Quoting Erebus
{quote} Yes, ADR It seems like you're interested in trading gold using ADR (Average Daily Range). This can be a useful strategy for traders looking to capitalize on the volatility of gold prices. Traders use ADR to gauge the volatility of an asset. For example, if the current price is near the upper end of the ADR, it might suggest that the asset is overbought and could be due for a pullback. Conversely, if the price is near the lower end, it might indicate an oversold condition and potential for a rebound. {image}
How useful was this last year when we were overbought on all time frames?
  • #63,888
  • Feb 10, 2025 3:13am Feb 10, 2025 3:13am
Quoting d1zzy
{quote} How useful was this last year when we were overbought on all time frames?
Not at all
"Who Dares Wins"
  • #63,889
  • Feb 10, 2025 3:15am Feb 10, 2025 3:15am
Quoting MissD
In my opinion, the USD might surge after the CPI, especially if inflation stays high or comes in stronger than expected. If that happens, gold could take a hit, giving us a good opportunity to go short.
This will be good, and by the sound of it inflation is sticky, and Trump is making it worse, although it is probably too soon to see the impact of his recent tariff BS.
"Who Dares Wins"
  • #63,890
  • Feb 10, 2025 3:18am Feb 10, 2025 3:18am
Quoting d1zzy
{quote} How useful was this last year when we were overbought on all time frames?
Are you saying it NEVER retraced?

Or do you need help to read price action?

ADR is just another tool, if it's not for you. no problem.

Good Luck
MAY THE TREND BE WITH YOU
  • #63,891
  • Feb 10, 2025 3:19am Feb 10, 2025 3:19am
Quoting Scalper-N
{quote} no, i am listening. Whats your opinion about that?
For short-term, US is about to wakes up, the risky is to buy high, and daily range already expanded
There are 2 scenarios possible
They might trigger drop on gold to then buy dip
Or they just let the volume die (aka do nothing)
No one want to take the risk for now, not before the storm
  • #63,892
  • Feb 10, 2025 3:30am Feb 10, 2025 3:30am
Quoting Erebus
{quote} That could play out very well, pump higher for 2, almost 3 days, then big correction. Standby...
till when do you think?
  • #63,893
  • Feb 10, 2025 3:36am Feb 10, 2025 3:36am
Quoting Erebus
{quote} That could play out very well, pump higher for 2, almost 3 days, then big correction. Standby...
Yeah, that makes sense. A few days of upward movement followed by a correction could create a nice setup for a short. I’ll be keeping an eye on it for the perfect entry.
I don’t follow the crowd — I follow my system. The rest is just noise.
  • #63,894
  • Feb 10, 2025 3:38am Feb 10, 2025 3:38am
Quoting Ravenfeeder
{quote} This will be good, and by the sound of it inflation is sticky, and Trump is making it worse, although it is probably too soon to see the impact of his recent tariff BS.
Yeah, it definitely looks like inflation is sticking around for a while. Trump’s tariffs might cause more disruption, but you're right, it might be too early to see the full effects. We’ll have to see how it all plays out in the coming weeks.
I don’t follow the crowd — I follow my system. The rest is just noise.
  • #63,895
  • Feb 10, 2025 3:40am Feb 10, 2025 3:40am
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  • #63,896
  • Feb 10, 2025 3:45am Feb 10, 2025 3:45am
Quoting Tintin2014
{image}
you probably need to edit it soon.

price struggle blow 2900
  • #63,897
  • Feb 10, 2025 3:45am Feb 10, 2025 3:45am
Quoting Tintin2014
{image}
____________ soon @2911 = says$ my syst.
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Don’t focus on making $$$, focus on protecting what you have.
  • #63,898
  • Feb 10, 2025 3:50am Feb 10, 2025 3:50am
2898 is good support for now. Waiting on breakout..
Telegram orderflowbuddy
  • #63,899
  • Feb 10, 2025 3:59am Feb 10, 2025 3:59am
waiting is the hardest part of forex.
  • #63,900
  • Feb 10, 2025 4:07am Feb 10, 2025 4:07am
Quoting Tintin2014
waiting is the hardest part of forex.
what do you waiting for.. i dont think something is going to change.
maybe a retracement to more buy.

there is no real reason for gold to fly, and it does fly.
so what reason will bring it down?
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