Gold

Sorry Guys n Gals 4got to post this here last night, posted in cable thread....... nowhere near targets yet... might get there might not

3300 is the nearest bulls' target

I think it will be 3315 and 3352 targets

No trades today.
Bias flipped to long after the last 30-minute candle closed.

Hello Guys,
Thursday is NFP and it could be the turning point for fed,
but if i were you i will wait for 3350 or even higher to sell.
and buying even daily and weekly doesnt support much,
but if payrolls came better the high will be short lived.
and worse that could drag GOLD to 3200
but i will talk about USD INDEX.
96.50
waoo,

nice but Trust me
don't count the Dollar out just yet.
many economist are predicting 95 even some 92.
but as Romi once said :: Prediction is very hard Specially about the Future::

i still remember my mentor: when few years back it was 99 and prediction was 95,
he told me be patient, and i still remember the next week it was at 101.that helped me a lot with eurusd and gbpusd.
my point is USD is still world reserve currency,
no matter you think you believe about GOLD,
always remember one thing,
business runs on money not GOLD.
you cannot send GOLD and but million $ woth of electronics, or what ever your business is you need money which is the currency we Still ne SWIFT banking system,
i have a business trust me i cannot send GOLD to china and expect a shipment of mobiles and laptopns etc.
that is not how the business runs.
and as the history showed us many times.
GOLD is great out paced socks but far past few years,
but again problem with gold is:
if you hold it for 10 years: gold is up 50%
so you have made 50% profit in 10 years. or even 100%
YES CENTRAL BANKS are buying but even for them now the GOLD is too high every one wants to buy at cheaper price,
even china poland and other countries almost stopped buying gold they are buying but not as high as 2024 or 2023 it was 790 Tons
this year it is 60 tons that is huge huge difference,
so i always look at bigger picture,
the in long term it is always clear where it will be heading,
a wise trader trader once said:
the big money is not in the buying or selling it is in the waiting


currencies i trade and love actually because business runs on currencies
so for me most profit comes from currencies,
but yes gold have given me hell of profit but timing is everything.
so as i said before i will wait for 3350-60
i just go with the flow.

Good Luck,
be patient there is always another day.

upside targets coming into play now. going to start looking for shorts on large volume going into tomorrow to retest the lows and possibly lower.

1 thing to note is the 50 ema daily is still holding and we are back above it. It is possibly that the lows for june and july could have been set. or certainly in the short term. dxy showing no signs of reversal.

Short open

Tp and sl ? What's your expectations from this short

1st Tp 3285 Sl 3318

Wish me luck

no short atm

Why? Care to explain

Roger.

monthly closes down from here, shorts opened.

targeting 2990 / 3030 - first half of august

could see 3330 / 3340 first but expecting 3000 before any fresh highs, nothing ever goes straight up

Bro look at the candles of each time frame and all resistance have been broken properly. Also check the volume

Funny how so many people are shorting , your all exit liquidity. Price will move to atleast 3350 by end of week... Double wicks daily tf FIXED POC , Bullish delta blocks and multiple other confluences. Those who are shorting.. good luck , I'm in at 3250 with 6 lots, im holding til ATH.

buy day today, yes. i do not see shorting.

looking for opportunity to long only

buy close partially.. sell already triggered.. yahuuu

same to me, long from 3260 still keep, buy limit at 3306-3300, TP 45-50

Where sl?

time to see price breakout flat /descending channel tf H1

if price can play above 3315.45 = bullish sentiment .... with bulls target 3326.48 - 3344.60 (if that happen = breakout descending channel = reversal from correction after MSOS)


The current Gold price movement is contrary to Trump's ambitions trying to reduce the price of Gold. This is increasingly contrary because there is already shakeout on the price movement of 2025.05.15


But in Timeframe M1, the market is sideways (trading range) ... So the direction of price movements after the market of the market today can be analyzed through the sideways on TF M1 (until now it is unclear the market scenario will be where and the price will move to what extent)



In forex trading, a descending channel (also known as a falling channel) is a bearish chart pattern where the price of an asset moves downwards between two parallel, downward-sloping lines, indicating a continuation of the downtrend. A flat channel, on the other hand, is a sideways or horizontal pattern where the price fluctuates within a defined range, lacking a clear upward or downward trend.


Descending Channel:

1. Formation:
   It consists of two parallel trendlines: a resistance line connecting lower highs and a support line connecting lower lows.
2. Interpretation:
   A descending channel suggests a bearish trend, with the price consistently making lower highs and lower lows, indicating a weakening of the asset's value over time.
3. Trading Strategy:
   Traders often look to sell near the resistance line (upper channel) and buy near the support line (lower channel) to profit from the downward movement.
4. Breakout:
   A breakout above the upper resistance line can signal a potential trend reversal to the upside, while a break below the lower support line may indicate a continuation of the bearish trend.

Flat Channel:

1. Formation:
   A flat channel occurs when the price moves within a horizontal range, bouncing between a defined support and resistance level.
2. Interpretation:
   It signifies a period of consolidation or sideways movement, with no clear trend in either direction.
3. Trading Strategy:
   Traders may look for opportunities to buy near the support level and sell near the resistance level, capitalizing on the price swings within the channel.
4. Breakout:
   A breakout above the resistance line can signal a potential uptrend, while a break below the support line can indicate a downtrend.

So for the new Nubie to come to the market, learn in depth to the 5 basis of market analysis:
1. Dow theory
2. Elliot Wave
3. Gann Tools
4. Wyckoff method
5. M W Pattern Merril.
As long as I learned about how to analyze the market, the 5 analysis/methods are the foundation of an understanding of prices.