Buy the rumour sell the fact. Gold shorts worked. Now looking for a deeper pullback to the 3600-3590 level, maybe even more have to see when it gets there
1
DislikedBuy the rumour sell the fact. Gold shorts worked. Now looking for a deeper pullback to the 3600-3590 level, maybe even more have to see when it gets there {image}Ignored
Disliked{quote} economy getting worse i wonder will they stay on the way of cutting rates........Ignored
2. Risk sentiment reaction
3. Dollar and yields impact
4. Positioning / crowded trade
In short:
Gold dropped because the CES revision was seen as backward-looking, technical, and not policy-changing. Instead of sparking new Fed easing bets, traders took profits on gold’s highs, while USD and yields stayed firm.
Disliked{quote} The CES preliminary benchmark revision showed that the U.S. overestimated jobs by 911,000 (-0.6%) as of March 2025. On the surface, fewer jobs should weaken the labor market outlook, which would normally be bullish for gold (since weaker jobs → weaker growth → potential Fed easing → weaker USD). But here’s why gold (XAUUSD) likely dropped instead after this news: 1. Markets treat it as backward-looking The benchmark revision is a historical correction (March 2024 → March 2025). Traders focus more on forward-looking...Ignored
Disliked{quote} hey you got blocked from the gold thread too...........lol.... anyways wellcome man... and the AI i think asking ai is not really something i would want to relay on but obviously you have far more obvious trading experience than me so it would be great if you would post the trades and your charts here cuz we don't have that many people posting charts here on this threadIgnored
DislikedJust wondering, is there something special about Gold in terms of technical analysis, maybe the candles look different or something? I’ve always wondered why people limit themselves to one instrument. Maybe it sounds cool? Gold. From what I’ve seen, the instrument actually doesn’t matter. As long as the spread is good, it’s tradable just the same as Gold or anything else. Price action produces candles and those can be traded all the same. Just my two cents.Ignored
Disliked{quote} 1. getting to know one pair inside and out is easier than trying to constantly keep track and mark levels on various instruments 2. the main reason is because of the volatility, the potential money making aspects (and losing) 3. more risk, more reward , its aggressive, which suits many peoples trading style. It's like a nightclub instead of a nursing home. Where the action happens... what gold does in a day, a FX pair might do in a week.. soo why sit around waiting for a 40 pip move when you can catch a 400 pip move on Gold...
Ignored
Disliked{image} {image} {image} EXPECTING THIS LONG TERM. GOLD IS JUST LIKE ANY OTHER PAIR, THE ONLY DIFFERENCE IS IT VOLATILITY AND THAT MAKES IT MORE RISKYIgnored
Disliked{image} {image} {image} EXPECTING THIS LONG TERM. GOLD IS JUST LIKE ANY OTHER PAIR, THE ONLY DIFFERENCE IS IT VOLATILITY AND THAT MAKES IT MORE RISKYIgnored
DislikedJust wondering, is there something special about Gold in terms of technical analysis, maybe the candles look different or something? I’ve always wondered why people limit themselves to one instrument. Maybe it sounds cool? Gold. From what I’ve seen, the instrument actually doesn’t matter. As long as the spread is good, it’s tradable just the same as Gold or anything else. Price action produces candles and those can be traded all the same. Just my two cents.Ignored