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  • #75,481
  • May 6, 2025 12:52pm May 6, 2025 12:52pm
So trump just announced the stop of bombing yemen and that hothi’s will stop attacking israel and USA ships, we might see a relief in golds rally now
  • #75,482
  • May 6, 2025 12:54pm May 6, 2025 12:54pm
Quoting fxmasterdxb
So trump just announced the stop of bombing yemen and that hothi’s will stop attacking israel and USA ships, we might see a relief in golds rally now
if this hour candle closes below 3409, we could see the start of a bear move
  • #75,483
  • May 6, 2025 1:02pm May 6, 2025 1:02pm
Quoting fxmasterdxb
{quote} if this hour candle closes below 3409, we could see the start of a bear move
failed but i will be watching the next couple of hours very closely, im expecting to find a sell setup, lets see
  • #75,484
  • May 6, 2025 1:05pm May 6, 2025 1:05pm
Quoting MrGoldie
{quote} Perfect Entered selling level 3416 good to go 3130-3020{image}Unconcerned: Trend break above 3430, double top or 3509 Prediction:Today's daily candle close below 3384
Hit target 3416, 900pips
Perfect for sell entry sl above 3430
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Be prepared for the Global Panic
  • #75,485
  • May 6, 2025 1:07pm May 6, 2025 1:07pm
Quoting fxmasterdxb
So trump just announced the stop of bombing yemen and that hothi’s will stop attacking israel and USA ships, we might see a relief in golds rally now
In my opinion high profile political announcements such as Yemen and all hold limited market value in the current environment. The primary concern remains the underlying health of US and the global economy, which is visibly deteriorating. If we analyze recent macroeconomic data then the U.S. economy is showing signs of contraction, evident from weak GDP prints and softening consumer demand. plus their trade number - Canada has posted comparatively stronger trade figures, reflecting more resilient economic activity and healthier export dynamics. As for PA Confirmation, This economic divergence is mirrored in recent price behavior right at the open of Hong Kong open which triggered an immediate 300-pip surge in XAUUSD, signaling aggressive Asian buying aligned with institutional rebalancing. This move reinforces the current macro driven volatility where technical breaks are often powered by regional flows, not headlines.
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Candlesticks dont move markets, Volume does
  • #75,486
  • May 6, 2025 1:11pm May 6, 2025 1:11pm
Quoting Praetorion
{quote} trade what you see
i cannot because i am watching women's beach volleyball
  • #75,487
  • May 6, 2025 1:15pm May 6, 2025 1:15pm
Quoting PatienceFx
{quote} i cannot because i am watching women's beach volleyball
Lol
Be prepared for the Global Panic
  • #75,488
  • May 6, 2025 1:19pm May 6, 2025 1:19pm
Quoting PatienceFx
{quote} i cannot because i am watching women's beach volleyball
Different charts for different minds. I’ll stick to the ones that actually pay
Candlesticks dont move markets, Volume does
  • #75,489
  • Edited 1:46pm May 6, 2025 1:20pm | Edited 1:46pm
holding longs

R1: 3424.6 - 3430.5
R2: 3452.1 - 3456.7

S1: 3383.2 - 3388.7
S2: 3349 - 3351.4

Bullish momentum appears strong for now, likely persisting at least until the upcoming FOMC meeting.
Gold's upward momentum is likely to persist in the near term.
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Bulls Run. Bears Bite. We Profit.
  • #75,490
  • May 6, 2025 1:28pm May 6, 2025 1:28pm
Pending long..
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  • #75,491
  • May 6, 2025 1:40pm May 6, 2025 1:40pm
Quoting Praetorion
{quote} In my opinion high profile political announcements such as Yemen and all hold limited market value in the current environment. The primary concern remains the underlying health of US and the global economy, which is visibly deteriorating. If we analyze recent macroeconomic data then the U.S. economy is showing signs of contraction, evident from weak GDP prints and softening consumer demand. plus their trade number - Canada has posted comparatively stronger trade figures, reflecting more resilient economic activity and healthier export dynamics....
i agree with you, im refering to the current pump in gold in the last 2 days.

If you go back few pages you will see i have mentioned to one of the traders who predicted gold price could drop all the way to 1032 that US economy is worsening year by year and hence dollar value is falling which means any drop in gold means another bull run will occur
  • #75,492
  • May 6, 2025 1:48pm May 6, 2025 1:48pm
Quoting PatienceFx
{quote} i cannot because i am watching women's beach volleyball
Is Brazil playing?
  • #75,493
  • May 6, 2025 1:52pm May 6, 2025 1:52pm
Quoting fxmasterdxb
{quote} i agree with you, im refering to the current pump in gold in the last 2 days. If you go back few pages you will see i have mentioned to one of the traders who predicted gold price could drop all the way to 1032 that US economy is worsening year by year and hence dollar value is falling which means any drop in gold means another bull run will occur
1032 ? hmm.. i think one needs to excuse such calls because obviously the person does not know what he is talking about.
Candlesticks dont move markets, Volume does
  • #75,494
  • May 6, 2025 2:14pm May 6, 2025 2:14pm
Quoting PatienceFx
NOTAM declared , Gold will fly
last time you wrote Gold will fly actually price drop more then 100$, last week

the odds now are with you
  • #75,495
  • May 6, 2025 2:23pm May 6, 2025 2:23pm
Gold usually flies fast or drops fast in first 4 hrs and 2 nd 4 he after Asia open
Watch this pattern.
Intraday only.
  • #75,496
  • May 6, 2025 2:53pm May 6, 2025 2:53pm
Quoting fxmasterdxb
My next points of interest are 3421 & 3430, im expecting a pull back from those levels
first point of interest has reached, lets see the reaction now between here to 3430
  • #75,497
  • May 6, 2025 3:10pm May 6, 2025 3:10pm
there is no retracement or constellation in this last 3days bull move. previous bull move, bear tried to have some control @3420~30 but failed. and this time there is NONE! I repeat NONE! last time 3430 to direct 3490 in one 4h candle happened. i think something very nasty move is preparing to happen. i was thinking to go short @3437~42 but later i saw this. 3600~3700 could be the new ATH! i could be wrong but if anyone wants to go short put a very good SL.
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  • #75,498
  • May 6, 2025 3:40pm May 6, 2025 3:40pm
Quoting Tintin2014
there is no retracement or constellation in this last 3days bull move. but if anyone wants to go short put a very good SL. {image}
Do you mean very good as in very far away, or very good in as very close?

It takes a lot for me to IGNORE you, but you can try.
  • #75,499
  • May 6, 2025 3:44pm May 6, 2025 3:44pm
i mean a very tight or a proper SL. when it starts to move it will have a very quick movement that people won't even catch, in case someone wants to manually close the trade.
  • #75,500
  • May 6, 2025 3:50pm May 6, 2025 3:50pm
Quoting Tintin2014
there is no retracement or constellation in this last 3days bull move. previous bull move, bear tried to have some control @3420~30 but failed. and this time there is NONE! I repeat NONE! last time 3430 to direct 3490 in one 4h candle happened. i think something very nasty move is preparing to happen. i was thinking to go short @3437~42 but later i saw this. 3600~3700 could be the new ATH! i could be wrong but if anyone wants to go short put a very good SL. {image}
Heike nashi candles give a more chilling view ..
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Candlesticks dont move markets, Volume does
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