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  • #70,521
  • Apr 2, 2025 5:32pm Apr 2, 2025 5:32pm
Quoting MissD
{quote} Based on my analysis (I could be wrong), I believe the Monthly High IB has formed, and I’m leaning towards a potential decline that could break the Monthly Low IB. I plan to sell, but only at safe levels (according to my analysis), which are around the price levels of 3145-3143 or 3140-3138. If 3150 breaks, it might go higher. That’s my outlook for now. As always, I will enter based on what the market presents at the time. The important thing is that everyone has their own analysis, and both sellers and buyers have opportunities.
Magic, fast hand quick profit !!! Thank you
  • #70,522
  • Apr 2, 2025 5:39pm Apr 2, 2025 5:39pm
Quoting Twoside
{quote} Magic, fast hand quick profit !!! Thank you
The pleasure is all mine. Keep it up! I’m in the same boat.
I don’t follow the crowd — I follow my system. The rest is just noise.
  • #70,523
  • Apr 2, 2025 5:49pm Apr 2, 2025 5:49pm
Quoting Oskarius
Top rejection ?
May be at 3156.5/58 level
  • #70,524
  • Apr 2, 2025 5:54pm Apr 2, 2025 5:54pm
Quoting Oskarius
Top rejection ?
Mean reversion theory in finance suggests that asset prices, including gold, tend to return to their historical average over time. This concept is based on the idea that extreme price movements—whether upward or downward—are unsustainable in the long term.

For gold prices, mean reversion can be observed when significant deviations from the average price occur due to factors like geopolitical events, economic data, or changes in monetary policy. Traders often use tools like moving averages, Bollinger Bands, and the Relative Strength Index (RSI) to identify when gold prices might revert to their mean.

Key Aspects of Mean Reversion Theory:

  1. Historical Average: The theory relies on the idea that every asset has an average price or valuation range based on historical data.
  2. Deviation and Reversion: When prices deviate significantly from the mean due to external factors (like economic events, market sentiment, or speculative activity), they are expected to eventually reverse and return to the average.
  3. Time Horizon: The time it takes for reversion to occur varies. It could be days for short-term trends or years for longer-term cycles.
  4. Applications in Trading: Traders often use this theory with tools like moving averages or Bollinger Bands to identify when an asset is overbought or oversold. They may make decisions based on the expectation of a return to the mean.

In gold markets, mean reversion might occur when prices experience sharp spikes or drops due to geopolitical events, central bank policies, or changes in interest rates. For example, if gold prices shoot up to historically high levels, mean reversion theory suggests they might decline in the future as markets adjust.

It takes a lot for me to IGNORE you, but you can try.
  • #70,525
  • Apr 2, 2025 6:15pm Apr 2, 2025 6:15pm
Quoting chartistpro
{quote} May be at 3156.5/58 level
Today imp rev Levels
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  • #70,526
  • Apr 2, 2025 6:24pm Apr 2, 2025 6:24pm
Quoting babayaga
{quote} crude in a half an hour went from ADR High/reached after all day/ back to ADR Low.., gold gifted daily inside bar.., going to break (?).., let’s see tomorrow
Wasn’t looking at oil but it was talked about, I think everyone’s short on oil not sure
  • #70,527
  • Edited 6:51pm Apr 2, 2025 6:32pm | Edited 6:51pm
Also pre market hitting ATHs with a reasonable bottom wick, will be interesting how the sessions play out. Trade safe keep the fomo in check or get wrecked lol
  • #70,528
  • Apr 2, 2025 6:32pm Apr 2, 2025 6:32pm
Quoting Tintin2014
{quote} forex market almost closing, you cannot expect much volume in this time. tomorrow market will set the proper direction. whenever we think gold price cannot go up further...gold just show it's troll face and keep moving up. currently, i am looking for short set up only. tomorrow we may have a good short set up, lets see. i am looking for 3169/72/80 for short.
lol there is no resistance for gold. it looks like 3200+ may be 3215~20 today.
  • #70,529
  • Apr 2, 2025 6:32pm Apr 2, 2025 6:32pm
Quoting d1zzy
{quote} Wasn’t looking at oil but it was talked about, I think everyone’s short on oil not sure
What happened Mr Drifter?

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It takes a lot for me to IGNORE you, but you can try.
  • #70,530
  • Apr 2, 2025 6:38pm Apr 2, 2025 6:38pm
Quoting chartistpro
{quote} Today imp rev Levels {image}
Fundamentals might prevail over the technicals for the rest of this week, take care!

It takes a lot for me to IGNORE you, but you can try.
  • #70,531
  • Apr 2, 2025 6:45pm Apr 2, 2025 6:45pm
Quoting MissD
{quote} What I see from this is that if the crisis in Vietnam is perceived as a threat to the Asian markets and investors shift their funds to the U.S., the USD could strengthen. This, in turn, could put downward pressure on gold, as USD and gold typically move in opposite directions.
So far the market is still looking bullish. What I see is that there is so much uncertainty not only in financial markets but also in the landscape with russia/ukrane middle east, vietnam and in the USA itself that the safe haven of gold is reigning supreme, at least for now. I'm not sure anyone could really see USD as safe in this climate???

When asia market opens it will be interesting, its seen bullish pressure fairly consistently lately with the exception of yesterday, which was uncertain with the news hanging over it... return to bullish pressure would have to be the percentage play. Time will tell (T minus 15 mins and counting...)

And yes, im long, hence my bias comments... haha
  • #70,532
  • Apr 2, 2025 6:48pm Apr 2, 2025 6:48pm
Quoting fontu
happy to see 4rth attempt about to fail again . still not though. needed 3116 and 3110 break and hold {image}
Many buyers will be happy today
  • #70,533
  • Apr 2, 2025 6:50pm Apr 2, 2025 6:50pm
Quoting Erebus
{quote} Fund

a

Mental

might prevail over the technicals for the rest of this week, take care!
  • #70,534
  • Apr 2, 2025 6:53pm Apr 2, 2025 6:53pm
Quoting Erebus
{quote} What happened Mr Drifter? {image}
Tariffs happened good sir lol
  • #70,535
  • Apr 2, 2025 7:02pm Apr 2, 2025 7:02pm
Quoting Erebus
{quote} Fundamentals might prevail over the technicals for the rest of this week, take care!
Aye, Sir!
Lel
fooled by randomness in art
Meditation All Time Return: 8.9%
  • #70,536
  • Apr 2, 2025 7:05pm Apr 2, 2025 7:05pm
Quoting fxmasterdxb
Is it safe to say that the high for the next few months is already printed? I think yes
obviously this did not work out, im now interested in selling 3180-82
  • #70,537
  • Apr 2, 2025 7:13pm Apr 2, 2025 7:13pm
Quoting Erebus
{quote} Fundamentals might prevail over the technicals for the rest of this week, take care!
Yes .You are Right .. But the Contrarian Approach is different to normal trend trader
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  • #70,538
  • Apr 2, 2025 7:29pm Apr 2, 2025 7:29pm
Quoting chartistpro
{quote} Yes .You are Right .. But the Contrarian Approach is different to normal trend trader {image}
spot on. hope goes up little bit more up. I am expecting 3190
  • #70,539
  • Apr 2, 2025 7:59pm Apr 2, 2025 7:59pm
year levels with MA's (year/6M/3M)
major levels coming up might force a pullback, year 50% at 3193, 25% angle with previous Resistance, already at 25% in time.

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"the public is not yet ready for it" W.D. GANN
  • #70,540
  • Apr 2, 2025 8:17pm Apr 2, 2025 8:17pm
Seems like asia cant make up their mind
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