Have some time in the evening, so lemme break my bias for you too.
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- #78,122
- May 31, 2025 2:10pm May 31, 2025 2:10pm
- Joined May 2021 | Status: Unfollow the herd | 1,721 Posts
Grit; Knowledge; Right Mindset; All you need to overcome. KIS!
- #78,123
- May 31, 2025 3:56pm May 31, 2025 3:56pm
- Joined Feb 2009 | Status: Down to Earth! | 2,358 Posts
Great analysis. I think to keep things balanced, we need a spike-up candle to 3330 and then a drop back down... Lol 
fooled by randomness in art
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- #78,124
- May 31, 2025 7:49pm May 31, 2025 7:49pm
- Joined Jan 2025 | Status: Trader | 1,661 Posts
https://x.com/moneyprinte
- #78,125
- May 31, 2025 11:02pm May 31, 2025 11:02pm
- Joined Jan 2019 | Status: Trader | 2,792 Posts
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
- #78,126
- Jun 1, 2025 2:10am Jun 1, 2025 2:10am
***I remind everyone that this is a thread for GOLD exclusively. No tolerance for those posting about anything else, especially those with personal/commercial agendas. They'll not only be blocked from posting here again but also on the entire ff site. Thanks to all who're respecting the conduct rules***
- #78,127
- Jun 1, 2025 3:02am Jun 1, 2025 3:02am
- Joined Mar 2024 | Status: Wave Mastery | 1,183 Posts
SURFER
- #78,136
- Jun 1, 2025 12:01pm Jun 1, 2025 12:01pm
- Joined May 2021 | Status: Unfollow the herd | 1,721 Posts
Grit; Knowledge; Right Mindset; All you need to overcome. KIS!
- #78,137
- Jun 1, 2025 1:12pm Jun 1, 2025 1:12pm
- Joined Oct 2020 | Status: couldn't give a flying duck | 7,365 Posts
- #78,138
- Jun 1, 2025 1:33pm Jun 1, 2025 1:33pm
- Joined Jan 2016 | Status: Trader | 3,908 Posts | Online Now
Upcoming Monthly/Weekly Analysis!
FA Analysis:
1- Recent US macro-economic data were good. But they do not reflect the Tariffs impacts.
2- All expected data (i.e., inflation, consumer sentiment) were inline with the projected tariff impacts.
3- Uncertainty is in the driver seat as long as Trump flip flop with his tariffs.
4- The 90-day tariff pause ends by July 4th!!! Surprise...surprise... the liberation day! Definitely, Trump will announce the 2nd Liberation day!
5- From this week and moving forward, data will reflect tariffs impacts.
6- This week, we have many relevant data and probably many Trump tweets which he already started with 50% tariff on steel!
=) All the above has structural negative impacts on US economy; hence positive impacts on GOLD.
So the main direction of Gold is still up from FA perspective.
TA Analysis:
Monthly TF:
The Monthly close was irrelevant, inside the previous monthly bullish candle.
So from this TF, we have uncertainty, no direction! Price must breakout the top or the bottom of April candle to have a clear direction.
Weekly TF:
Same as Monthly, an irrelevant weekly close inside the previous weekly close.
But from the bigger picture, we can see that Gold is moving down to complete 5 waves.
Daily TF:
From Daily perspective, Gold is moving down making LL-LH.
With the 50% tariffs on steel, Gold might open with a gap up as a knee-jerk reaction.
The target of this down movement is 3030 to complete the bigger retrace down and resume up the Buy Outlook.
Hourly TF:
An opening with a gap up is expected around 3323 which it will stop my open position with a loss.
With this upcoming data, Gold will be impacted positively with negative data and tariffs on and negatively with green data and tariffs pause.
GL Everyone and happy green week!
FA Analysis:
1- Recent US macro-economic data were good. But they do not reflect the Tariffs impacts.
2- All expected data (i.e., inflation, consumer sentiment) were inline with the projected tariff impacts.
3- Uncertainty is in the driver seat as long as Trump flip flop with his tariffs.
4- The 90-day tariff pause ends by July 4th!!! Surprise...surprise... the liberation day! Definitely, Trump will announce the 2nd Liberation day!
5- From this week and moving forward, data will reflect tariffs impacts.
6- This week, we have many relevant data and probably many Trump tweets which he already started with 50% tariff on steel!
=) All the above has structural negative impacts on US economy; hence positive impacts on GOLD.
So the main direction of Gold is still up from FA perspective.
TA Analysis:
Monthly TF:
The Monthly close was irrelevant, inside the previous monthly bullish candle.
So from this TF, we have uncertainty, no direction! Price must breakout the top or the bottom of April candle to have a clear direction.
Weekly TF:
Same as Monthly, an irrelevant weekly close inside the previous weekly close.
But from the bigger picture, we can see that Gold is moving down to complete 5 waves.
Daily TF:
From Daily perspective, Gold is moving down making LL-LH.
With the 50% tariffs on steel, Gold might open with a gap up as a knee-jerk reaction.
The target of this down movement is 3030 to complete the bigger retrace down and resume up the Buy Outlook.
Hourly TF:
An opening with a gap up is expected around 3323 which it will stop my open position with a loss.
With this upcoming data, Gold will be impacted positively with negative data and tariffs on and negatively with green data and tariffs pause.
GL Everyone and happy green week!
- #78,139
- Jun 1, 2025 5:07pm Jun 1, 2025 5:07pm
- Joined Jan 2016 | Status: Trader | 3,908 Posts | Online Now