Attachments: Gold with No Drama

Gold with No Drama

#2,161
Sep 30, 2025 4:50pm Sep 30, 2025 4:50pm

Praetorion
Joined Mar 2021 | Status: Trader | 1,183 Posts

Quoting Goldkashi

Disliked

{quote} my question is how to recognise there will be such a big drop before the retest, what signs can be seen as it is reaching historic highs for a drop or is it guess work? this is what caused my biggest loss today is not recognising bad long entry when I thought it was farm from a resistance but I'm not sure

Ignored

form a box from the first high to the first pullback .. wait for the breakout in either direction.. usually the direction is decided during NYM and LS DIBS open times.. the direction it takes .. see below ..

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Candlesticks dont move markets, Volume does

#2,162
Sep 30, 2025 4:58pm Sep 30, 2025 4:58pm

Praetorion
Joined Mar 2021 | Status: Trader | 1,183 Posts

see this post when i said if DO surpasses .. we will have a beautiful October candle .. this was my third and 4th trade of the day .. third being from the low to the PSY high - the black line and the 4th being during NYO as i now knew where it was heading..

https://www.metalsmine.com/thread/po...7#post15409997

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Candlesticks dont move markets, Volume does

#2,163
Sep 30, 2025 5:05pm Sep 30, 2025 5:05pm

Erebus
Joined Jul 2011 | Status: Gold Again | 10,560 Posts

Telling time, so many have issues with it, probably more information than you want or need, hope it's not a DRAMA

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The COMEX gold open time in New York—8:20 a.m. Eastern Time—is a pivotal moment in the global gold market, and its impact on price action is anything but trivial.

Why COMEX Open Time Is Crucial

Liquidity Surge: At 8:20 a.m. ET, institutional traders, hedge funds, and market makers flood the market. This influx of volume often leads to sharp price movements, making it a prime window for volatility-based strategies.
Price Discovery Begins: COMEX is the primary venue for gold futures, handling 80% of global volume. The open sets the tone for the day’s price discovery, often aligning or diverging from overnight sentiment.
Overlap with Key Sessions: The COMEX open overlaps with the tail end of the London session and the start of New York cash markets, creating a confluence of global flows. This overlap amplifies volatility and directional conviction.
Benchmark Setting: Prices established during the COMEX open often become reference points for physical gold transactions worldwide. Even though these are paper contracts, they ripple into spot markets, ETFs, and mining valuations.

Volume’s Role in Price Impact

Volume Confirms Intent: High volume during the open validates breakout moves or reversals. Thin volume, on the other hand, may signal traps or false starts—critical for your system’s filter logic.
Volatility Clusters: Volume spikes often coincide with economic data releases or geopolitical headlines. These clusters can distort average true range (ATR) readings if not session adjusted.
Algorithmic Sensitivity: Many trading algorithms are programmed to react to volume thresholds at the COMEX open. This creates feedback loops that can exaggerate price swings, especially in the first 15–30 minutes.

Strategic Implications for Your Workflow

Session Overlay Calibration: Anchoring your volatility filters to the COMEX open allows for more accurate detection of impulsive vs. corrective moves.
Broker-Specific Sanity Checks: Since some brokers delay or smooth price feeds, comparing their data against COMEX open volume spikes can help you detect anomalies or slippage.
Trade Timing Logic: If your system includes time-based entry logic, weighting the first 30 minutes post-COMEX open can improve trade quality and reduce noise.

Further reading if desired: https://discoveryalert.com.au/news/c...iscovery-2025/

It takes a lot for me to IGNORE you, but you can try.

#2,164
Sep 30, 2025 5:09pm Sep 30, 2025 5:09pm

Praetorion
Joined Mar 2021 | Status: Trader | 1,183 Posts

Quoting Erebus

Disliked

Telling time, so many have issues with it, probably more information than you want or need, hope it's not a DRAMA {image} The COMEX gold open time in New York—8:20 a.m. Eastern Time—is a pivotal moment in the global gold market, and its impact on price action is anything but trivial. Why COMEX Open Time Is Crucial Liquidity Surge: At 8:20 a.m. ET, institutional traders, hedge funds, and market makers flood the market. This influx of volume often leads to sharp price movements, making it a prime window for volatility-based strategies. Price Discovery...

Ignored

if one is trading Gold .. these are a must! must! must! must !

Edit: ill also add to this .. the London LBMA AM and PM fix .. which happens around 1230 pm and 1645 to 17:15 pm +3 GMT these are the times when you have overlapping frankfurt, London and NY session ...

Candlesticks dont move markets, Volume does

#2,165
Sep 30, 2025 6:10pm Sep 30, 2025 6:10pm

fx4money
Joined May 2009 | Status: Trader | 2,088 Posts | Online Now

new high is coming

LUCKY golden trades, LUCKY gold investor trading style

#2,166
Sep 30, 2025 6:15pm Sep 30, 2025 6:15pm

Erebus
Joined Jul 2011 | Status: Gold Again | 10,560 Posts

Quoting fx4money

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new high is coming

Ignored

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It takes a lot for me to IGNORE you, but you can try.

#2,167
Sep 30, 2025 6:36pm Sep 30, 2025 6:36pm

bluesteele
Joined Aug 2007 | Status: Trader | 3,199 Posts

Quoting Erebus

Disliked

Telling time, so many have issues with it, probably more information than you want or need, hope it's not a DRAMA {image} The COMEX gold open time in New York—8:20 a.m. Eastern Time—is a pivotal moment in the global gold market, and its impact on price action is anything but trivial. Why COMEX Open Time Is Crucial Liquidity Surge: At 8:20 a.m. ET, institutional traders, hedge funds, and market makers flood the market. This influx of volume often leads to sharp price movements, making it a prime window for volatility-based strategies. Price Discovery...

Ignored

EXCELLENT POST Erebus !!!

May I add a few thoughts

Volume is key...With no Volume price does not move 1cent... The market(s) are approx 80% Institution and 20% Retail.
The institutions are by far all running algos and these Algos are all keyed off Volume based metrics..COMEX is KEY

One thing that Comex sets is the IB / Initial Balance for the day... The IB is valid thru NY and into Globex right thru to the
next days Comex Open (Minimum)

I would suggest anyone trading Gold pay close attention to the Comex IB levels when trading GLobex/Asia UK.
How many umpteen times I have seen Asia/UK play off the Comex Open etc...

A couple recent examples.

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Master your Mind,,,Master the Market

#2,168
Sep 30, 2025 7:04pm Sep 30, 2025 7:04pm

lllccc
| Joined Oct 2019 | Status: Trader | 22 Posts

Quoting Raventine

Disliked

my idea... obvious this is only one of many circumstance it can make {image}

Ignored

I will sell if it tests 3871. Maybe break out to 3900 who knows?

#2,169
Edited 8:01pm Sep 30, 2025 7:43pm | Edited 8:01pm

Raventine
Joined Aug 2020 | Status: Zeroing In on Chaos | 2,008 Posts

Well i guess price can keep come upward... but maybe not today lol, even not in this week
That was a quick trace and insta rejection => buyer fucking strong right now

Will is the most powerful weapon in the world.

#2,170
Sep 30, 2025 8:59pm Sep 30, 2025 8:59pm

lllccc
| Joined Oct 2019 | Status: Trader | 22 Posts

Quoting Raventine

Disliked

Well i guess price can keep come upward... but maybe not today lol, even not in this week That was a quick trace and insta rejection => buyer fucking strong right now

Ignored

Yes will see how Gold reacts at 3871 and 3889

#2,171
Sep 30, 2025 9:08pm Sep 30, 2025 9:08pm

KORTrader
Joined Sep 2017 | Status: Trader | 316 Posts

Quoting KORTrader

Disliked

long at 3833 3843 TP 3929 SL 3831 good night all {image}

Ignored

hello, new ATH

so far so good

️

1 see confirmation till the end 2. set SL and never cancel it

#2,172
Sep 30, 2025 9:10pm Sep 30, 2025 9:10pm

Goldkashi
| Joined Sep 2025 | Status: Trader | 113 Posts

Quoting KORTrader

Disliked

{quote} hello, new ATH so far so good ️

Ignored

3x in a row asia timezone ATH huh, good thing I stayed awake

#2,173
Sep 30, 2025 9:26pm Sep 30, 2025 9:26pm

Raventine
Joined Aug 2020 | Status: Zeroing In on Chaos | 2,008 Posts

Quoting lllccc

Disliked

{quote} Yes will see how Gold reacts at 3871 and 3889

Ignored

yep, have fun everyone, new ATH in new month instantly lol, but i have to sell, cant buy at this high

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Will is the most powerful weapon in the world.

#2,174
Sep 30, 2025 9:38pm Sep 30, 2025 9:38pm

Erebus
Joined Jul 2011 | Status: Gold Again | 10,560 Posts

Quoting Raventine

Disliked

{quote} yep, have fun everyone, new ATH in new month instantly lol, but i have to sell, cant buy at this high {image}

Ignored

$10 from the top, know the risk, start small

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It takes a lot for me to IGNORE you, but you can try.

#2,175
Sep 30, 2025 9:44pm Sep 30, 2025 9:44pm

fofx
| Joined Apr 2020 | Status: Trader | 7 Posts

Price usually tend to consolidate after a big drop, depends on the position of the range it can tell where the next price move is, at the high level like this I think the price is not in the correction wave soon.

#2,176
Sep 30, 2025 9:52pm Sep 30, 2025 9:52pm

Raventine
Joined Aug 2020 | Status: Zeroing In on Chaos | 2,008 Posts

dont know what to say, but there is a good target to the up side, possible still can comming up, but IMO it better to buy breakout, i exited the buy low yesterday night lol

At this rate price cant not move lower than 3k7 lol

Quoting Raventine

Disliked

{quote} yep, have fun everyone, new ATH in new month instantly lol, but i have to sell, cant buy at this high {image}

Ignored

Take 2/3 at 100pips for a good sake and no risk entry

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Will is the most powerful weapon in the world.

#2,177
Sep 30, 2025 10:09pm Sep 30, 2025 10:09pm

Deal
Joined Nov 2024 | Status: Trader | 5,211 Posts

Price eventually come tap 3839 one more time, i already keep the money.
But still with the same confidence will hit 3892, it simple doesn't tap 3852 today and it is why i think a deeper pullback will have again around this zone.

Particulary because it leave 3877 intact...

#2,178
Sep 30, 2025 10:28pm Sep 30, 2025 10:28pm

RogerCS
Joined Jun 2024 | Status: Trader | 450 Posts

3905 ~ 3907

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The vampire ball is ending... Operation: Epic Escape (Paper Eagle)

XAUUSD, CRYPTO! Return Today: 0.3%

#2,179
Oct 1, 2025 12:27am Oct 1, 2025 12:27am

Cephalon
| Joined Sep 2025 | Status: Trader | 9 Posts

Quoting Praetorion

Disliked

this chart is for the ones who are learning to trade .. if you have doubts ask and someone will explain .. remember market does only 3 things .. traders do all sorts of things {image}

Ignored

I have a question on whatever platform you use to trade, what indicators do you use? I would greatly appreciate a response!