Gold

That was a good trade... did you trail or are you still in ?

Going to be a slow drip feed today. Waiting for fireworks of up and down after the orange man wakes up. Circa 12pm uk time on wards. Tomorrow we could see some fun with BoE poised to cut rates.

thanks! It was too obvious of a setup for me to ignore, but I technically broke my rules.

closed out at 3370, 50 pips profit.

now will await my real bias later on once NY overlap starts.

I am heavily on shorts targeting 3100.
This us a swing not a intraday trade.
3375 offered short twice for intraday already.
Good luck all.

Hehehe... rules should be tweaked a bit to allow "obvious trades"

Nice Downward move, Nice Seller's pressure. Can we see the 3353 before US open?
When market structure is clean, nice moves happens.

I think 3365 TP about to hit.

will it go further?..

Attachment 4
Key Technical Insights
1. Fibonacci Levels

1. Price is hovering around the 61.8% retracement, a critical decision point.
2. Other levels marked: 23.6%, 50%, 86%, and 100%.

If price breaks above 61.8%, it may continue toward 86% or even 100%. If price rejects this level, a pullback or reversal could follow.
2. ZigZag Pattern

1. Indicates a completed bearish wave and potential start of a bullish leg.
2. The last swing low may act as a support base.

3. Volume Profile

1. High volume concentration at lower price levels suggests strong buying interest.
2. Thin volume above current price could mean less resistance if price rises.

4. Key Price Levels
TypeLevel
Resistance3389.21
Resistance3386.35
Support3370.25
Support3367.19
Trading Scenarios
Bullish Scenario

1. Trigger: Break above 3389.21 with strong volume
2. Confirmation: Bullish candle closing above resistance
3. Target Zones: 3395 → 3405 → 3415
4. Stop Loss: Below 3370

This setup suggests trend continuation if buyers dominate.
Bearish Scenario

1. Trigger: Rejection at 3386.35 or break below 3367.19
2. Confirmation: Bearish engulfing or high-volume sell-off
3. Target Zones: 3360 → 3350 → 3340
4. Stop Loss: Above 3389

This setup favors a deeper correction or reversal if sellers take control.
Neutral/Range-Bound Scenario

1. Trigger: Price fluctuates between 3367 and 3386 without clear breakout
2. Strategy: Scalping or range trading
3. Entry: Buy near support, sell near resistance
4. Stop Loss: Tight SL outside the range

I’m in a sell from 3374 and will take tp around 3350s
next area of liquidity on the 1hr is around 3352 level

In my second long bounce trade of the day (at 3365.97)... moving SL to 1.0 points

Not going to rule out a move up again.. it’s the way of gold it seems lol

There is a trend line on 15 min chart so be caution at 3364 if you are in short !

SL hit with -1.0... will wait for the next :-)

Adding one more long bounce point for today with a buy limit order at 3362.94...

Closed all sell positions.
The 1H and 4H structure is still bullish, so I saved my profit and wait till US timeframe open.

Depends on this candle, if it will close below 3370 then 3358

3355 is potential tp2
then back up to yesterdays high later on

exciting times ahead!!

lol

Gold possible scenario, if 1hr candle close below 3370 then 3358 and if not hold then 3342

tp2 hit on 65. okay, lets run it till 58 and im good with this short and done for the day. Thanks London