Price Action & Order Flow (Gold|Silver|Copper)

Quoting duksi

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{quote} "...the market generally flows towards pools of money." Yes, that's the main factor that gives insight and expectation into current intention. However, I would argue that stop losses are not visible in the book, since they are stop orders (take profits become limit orders when the price is hit, but stop losses become market orders when the price is hit). Nevertheless, my point of view is the following ideal scenario: price hits those bids, followed by a strong rejection with large buyer's volume that pushes price above 4.050, tests that...

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Quoting dark.midas

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{quote} agree with mr.deafman over here.. but wait is it true that a stop loss becomes market order? i thought it works as a limit order..

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Quoting duksi

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{quote} No. Stop losses are stop orders. Stop orders activate when they are hit. In some platforms you can choose if the stop loss is market type or limit type. For stop losses it is best to choose market type, because you want to get out immediately, otherwise your stop would become a limit order and if price doesn't hit it you could lose more than you were willing to risk. Take profits are also stop orders and it is recommended for them to be limit type, because when the price hits it and continues in the same direction, you can exit at a higher/lower...

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Quoting duksi

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{quote} "...the market generally flows towards pools of money." Yes, that's the main factor that gives insight and expectation into current intention. However, I would argue that stop losses are not visible in the book, since they are stop orders (take profits become limit orders when the price is hit, but stop losses become market orders when the price is hit). Nevertheless, my point of view is the following ideal scenario: price hits those bids, followed by a strong rejection with large buyer's volume that pushes price above 4.050, tests that...

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Quoting dark.midas

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we might see some further down due to a lot of aggression from friday's sell-off. sellers might go active again at 4100s keeping the prices lower maybe until 4k -3900s.. there may still be doubt around this rate cut. i don't know.. lets see the tape next week..

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Quoting dark.midas

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{quote} it might actually go further down maybe 3950s? let's see if it gets accumulated here before the NFP.

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Quoting dark.midas

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{quote} it might actually go further down maybe 3950s? let's see if it gets accumulated here before the NFP.

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Quoting duksi

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Things are not looking good for longs, I'm starting to doubt the bullish bias. Sellers seem to be persistent, paired with the dollar shortage the probability of a reversal to the downside in the short-term is increasing. The Fed basically keeps repeating the same sentences in every meeting, but the probability of a rate cut in December is now low. I'm honestly more uncertain than certain at this point, but I'm prepared to change my bias to bearish any time now. In the footprints, we see buyers on the lows but they fade at the tops and are even absorbed,...

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Quoting dark.midas

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{quote} and we might actually visit 3900s again incase we see good NFP numbers. we got a lot more room to the downside. if its the other way around, then buyers can probably accept above 4300s I believe. since we saw their intention at the 4000s .. start of the new highs I guess together with fed's easing agenda.

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Quoting duksi

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So, data shows bad news for precious metals but the market seems to ignoring it and basically waits for any good news to pump it. Does anyone notice how the market had no problem pricing in the previous rate cuts but now that the December cut is unlikely, no reaction; and how it had no problem pumping it up on a few low employment numbers but now that the data is strong, no reaction. I also noticed that the market seemed to favor the 0.1% difference in the unemployment rate over a recovering labor market? Not to add the dollar shortage everyone...

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Quoting dark.midas

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{quote} you probably miss the comments from fed early friday morning stating dovish stance, reason why it aggressively shoots up to 4100s. might hold next week yea I dont know but the bets are locked in I believe given the odds of rate cut increased..

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Quoting duksi

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{quote} So basically, they don't know what to do. One says this the other says that and the market lacks direction.

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Quoting priceflowid

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From a higher timeframe perspective, gold still appears to be trading within a broader balance range. The recent rejection from the upper zone suggests unfinished business inside this structure rather than a clean continuation. On lower timeframes, price action looks more rotational, indicating potential distribution before any decisive move occurs. For now, this area remains a key zone to observe for acceptance or rejection.

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