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  • #72,001
  • Apr 10, 2025 8:30am Apr 10, 2025 8:30am
Quoting Oskarius
{quote} In last month India national bank speak that gold is to expensive for now and they will hold buying, so for me data is mixed and inflation is falling so seems like be a breaker but it is only my opinion.
Why? Because fiat currencies lose purchasing power, so investors seek hard assets like gold that hold intrinsic value. When people fear market crashes, wars, pandemics, or economic meltdowns, they buy gold.

high inflation = markets are hedging
economy uncertain = flight to safety
A weak $ = gold becomes cheaper globally
low interest rates = gold is more attractive
falling equities = risk off sentiment
central banks buying = confidence in fiat shaken

So gold in general reflects the pulse of the global economy. inflation fear trust in fiat currencies and central bank policy all show up on the very chart we trade. Watching gold is like reading the mood of the market on a macro level.

A 100gram of physical gold once purchased in 2000 for $280 the same today as it now trades at the price you see. what has changed ? The Purchasing power and that is what gold preserves. that is why when a GDP chart and says the economy is the best performing, have a look at the PPI chart to actually know the performance.
Candlesticks dont move markets, Volume does
  • #72,002
  • Apr 10, 2025 8:33am Apr 10, 2025 8:33am
Quoting Praetorion
{quote} Why? Because fiat currencies lose purchasing power, so investors seek hard assets like gold that hold intrinsic value. When people fear market crashes, wars, pandemics, or economic meltdowns, they buy gold. high inflation = markets are hedging economy uncertain = flight to safety A weak $ = gold becomes cheaper globally low interest rates = gold is more attractive falling equities = risk off sentiment central banks buying = confidence in fiat shaken So gold in general reflects the pulse of the global economy. inflation fear trust in fiat...
Agree with you but for me CPI information and inflation is bearish for gold in short term. Generally I am buyer, but for now after the cpi it ws my conclusion. Thats all
  • #72,003
  • Apr 10, 2025 8:36am Apr 10, 2025 8:36am
Quoting northstar-
scanned the charts and got two zones, firts picture is zone in M15, its a long zone, looks OK second picture is a zone in M5, short zone, pretty ok too, not too good so will risk low {image} {image}
took the short from the M5 zone, had 80 pips, trimmed some and am out on Breakeven, accidentially used rong lot size and only was able to get very small profits....
Attached File(s)
File Type: mp4 2025-04-10 15-31-54.mp4   4.0 MB | 260 downloads
Hi there!!!
Northsar trader, high risk All Time Profit: $753,971
  • #72,004
  • Apr 10, 2025 8:38am Apr 10, 2025 8:38am
Quoting FXreversal
New Buy Setup on XAUUSD Entry: 3125.20 / 3125.02 Stop Loss: 3111.00 TP1: 3136.00 TP2: 3144.00 Both trades are live—let’s see how the setup plays out. {image}
Second position got taken out at BE.
Feels like the market’s theme this week is “no TP2 for you” —BE again! Still grateful for TP1 though.
  • #72,005
  • Apr 10, 2025 8:43am Apr 10, 2025 8:43am
Flushing out longs? Initially I thought pullback for entry but idk ill wait to buy lower maybe if 3116 doesn't hold
  • #72,006
  • Apr 10, 2025 9:04am Apr 10, 2025 9:04am
Quoting azhantahir
Just sharing my point for today's movement. Don't blindly follow and please refer to your preference for better RRR. No result yet. IMO {image}
Stay and still holding my position from 3076 (Asian Open) based on D1 low. For me, I'm considering buying after prices consistently above 3117. Yes, it may be a possibility for sellers between 3112 - 3148 (yesterday already mentioned.) Only uncertainties if referring to minor TF. Targeting New HH. When? SOON.

All the above is just my personal opinion. Don't blindly follow it.
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Look right, we'll see the signs
  • #72,007
  • Apr 10, 2025 9:08am Apr 10, 2025 9:08am
xau...
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https://x.com/moneyprinte
  • #72,008
  • Apr 10, 2025 9:10am Apr 10, 2025 9:10am
Bought 3116 off impulse and 15m, think we are on our way
  • #72,009
  • Apr 10, 2025 9:11am Apr 10, 2025 9:11am
I remember that yesterday morning many were in short positions, and I explained to them that gold was in its internal wave 5 of wave 3 and they questioned me, now gold is close to touching 261 percent and after that wave 4 will probably come, which I will take advantage of to analyze and take the rise of wave 5.
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  • #72,010
  • Apr 10, 2025 9:12am Apr 10, 2025 9:12am
Invincible
  • #72,011
  • Apr 10, 2025 9:13am Apr 10, 2025 9:13am
Quoting azhantahir
{quote} Stay and still holding my position from 3076 (Asian Open) based on D1 low. For me, I'm considering buying after prices consistently above 3117. Yes, it may be a possibility for sellers between 3112 - 3148 (yesterday already mentioned.) Only uncertainties if referring to minor TF. Targeting New HH. When? SOON. All the above is just my personal opinion. Don't blindly follow it. {image}
Yeah 3180 is around the corner (by tomorrow). This might toppish Gold for ST. Then a retrace will be due.
  • #72,012
  • Apr 10, 2025 9:15am Apr 10, 2025 9:15am
Shorted @ 3142
The warrior of good
  • #72,013
  • Apr 10, 2025 9:18am Apr 10, 2025 9:18am
Quoting ElCampeador
Shorted @ 3142
Gold is never stopping to make new highs.. keep strict SL
  • #72,014
  • Apr 10, 2025 9:20am Apr 10, 2025 9:20am
Quoting FXreversal
{quote} Second position got taken out at BE. Feels like the market’s theme this week is “no TP2 for you” —BE again! Still grateful for TP1 though.
TP2 would’ve been hit… if I didn’t move it to BE.
Played it safe after TP1 and missed the full move—but no regrets. Discipline is what really wins in the long run—proven that more than once. On to the next setup!
  • #72,015
  • Apr 10, 2025 9:29am Apr 10, 2025 9:29am
took a short @3148 TP: 3060
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  • #72,016
  • Apr 10, 2025 9:30am Apr 10, 2025 9:30am
Done for today personally, TP hit at 3,144 160 pips
  • #72,017
  • Apr 10, 2025 9:31am Apr 10, 2025 9:31am
Quoting Fadhl
{quote} Yeah 3180 is around the corner (by tomorrow). This might toppish Gold for ST. Then a retrace will be due.
If referring to theory, tomorrow may be for "seek and destroy". The possibility may happen (in my opinion ) after New HH is completed. Today must close with a fully bullish body above the current D1 shadow/wick. Hopefully, it going perfectly as targeted.

All conversation above is just a personal opinion. Please refer own preferences for better RRR. Don't blindly follow.
Look right, we'll see the signs
  • #72,018
  • Apr 10, 2025 9:33am Apr 10, 2025 9:33am
Quoting blueRocket
Have a good day, good trades everybody My request persists, I will come back later, On vacation... of posting graphs. I'll definitely have to ignore jimz73 which is useless in this discussion.

Enjoy the vacation—from graphs,
questions you already know the answers to,
and people who apparently live rent-free in your posts.

When you come back, maybe bring some charts too—just so we don’t confuse “persistent inquiry” with dramatic monologue.

Until then, safe travels through the emotional turbulence.
  • #72,019
  • Apr 10, 2025 9:38am Apr 10, 2025 9:38am
Quoting Aphaynes
{quote} Believe me, I know far more about trading than you do. Looking back through your posts, it's clear that you are in the 95% who believe in trendlines, support and resistance etc. The rubbish I abandoned 10 years ago when I was a consistent loser.
“I evolved beyond what works for 95% of traders” argument. Always a classic.


Funny thing is, the markets don’t care if you believe in support and resistance or sacred geometry.

They just care whether you're on the right side of the trade.

You say you abandoned what didn’t work for you a decade ago. Great.
But maybe stop assuming your evolution is everyone else’s enlightenment.
Because confidence is fine. Condescension? Just looks like insecurity with a keyboard.
  • #72,020
  • Apr 10, 2025 9:44am Apr 10, 2025 9:44am
Quoting Tintin2014
took a short @3148 TP: 3060 {image}
hope it does go down... makers are playing really bad game and keep pushing gold up
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