Gold with No Drama

At last all trades are closed after long wait

2nd TP 4025 hit and no new sell till any confirmation. Still chances are might gold hit 4004-7 area

I saw that ...very f*cking strong reaction ...but then bears retaliated immediately and pushed price down further
They must be cooking something ...I just don't know what it is

hi deal
Do you think we can see the 4080 level in the European session and do you think we can take a buy position in this area of 4035 or will it test the 4020 level again???

Thank you for taking the time to answer
I take the time to read every day
Some of the tutorials are not good
I wanted to know your opinion and see which tutorial is better
Someone says read Al Brooks, someone says learn Mike Wyckoff
I am very confused

The uptrend still holds...
but momentum is ... negative.... 4060-70 ...to 4085 in sight though ...
let's play
trade safe

[quote=Raventine;15477824]{quote} you have to learn it by yourself lol, affort your time for research...[/quoteI read every day
Even though I have to be at work at 8am
I wake up at 5am and read until I get to work
I want to learn things that will help me improve in this job
Please help me. tnx

bears still strong, but a pullback is likely if momentum stops

Currently in a long. Entered 4030.2 targeting 4044. Stop at BE in the meantime.

BTC no retrace still on track to 75k
Gold ontrack to 4k... where the hell money goes?

Hello Guys,
its Friday,
do you remember Last friday?

anyways this time its different.
yes ISM may cause a bit of movement.
but in any case for me at least this friday is not good enough to trade GOLD.

it could drop to 4000 and bounce back to 4050..
that is normal weekend positions adjustments from institutes, and hedgefunds, even banks are among them.
so just be careful with SELLING GOLD.
it always appealing when we see big lines in gold chart.


for me.
well YEN
i will stick with YEN.
it is still too high sold near 157.60

even if it goes to 160 that is fine i don't use leverage so it will be 3-4% loss which i can handle.

half trade is still open Just in case BOJ may do a Little Intervention and most of the time traders see as technical pull back.
but 2 times now BOJ has warned about Weaker Yen.
remember 160 last year

Japan could not afford weaker yen, in fact any country its fundamentals how the economy works.


too much weak currency is not good and also too much strong currency is not good for the economy.
because weak currency means Importers have to pay a lot more then usual for goods,
and too much Strong currency means Exporters will get less YEN.

that is why Japan did the intervention last year, and it did work a very short period.
then at the same time they increased the Interest Rate.
that had long term effect and we saw a very good drop
sharp moves doesn't always have lasting effects.
sometimes they do.

and if will trade gold i will wait for 4020 or 4000 and see how the market defends 4k support.
if it hold then its time to buy.
other wise selling in any case until 4200 is not an option for me.
that is just me.
because there is a debate going on are we going back to GOLD standard among top economists.
the sharp rise in GOLD in past few years have raised many questions.
why the central banks are buying GOLD.
why even big investors and traders have at least 10-20% of their reserves in gold.
yes you need money to run your business, but why 20% reserve in gold
gold is non yielding asset
so why they are doing it...

so many questions? and very little answers.

no one know the future.

and DONT get me wrong i do SELL GOLD still do sometimes but i when i sell i damm make sure that that i am not alone.

because the thing with gold is past few years it is in uptrend and hell just like stocks it always bounce back.


i am talking about LIVE account which very few have here

I see the screen shots hell i dont trade 0.40 1 trade in GOLD
And i see 3 trades open at same time.
that is 1.2 lots that is 120$ if gold moves 1$ and gold usually moves 40-50$ a day
that is 5k.

so please guys when you post at least post your live account screen shot.

or just post the Cchart of your analysis.
because new traders are here to learn to understand the market.
not to see how you use high leverage or demo accounts.
no offence to anyone
maybe
Like other 90% traders you have lost money and now just trading in demo for fun?
as i said before
it is a fact actually TRADING IS AN ADDICTION, same as gambling.

once you loose you will come back no matter how long it takes a month or few months to recover that loss.
that is the reason this market is growing.

didn't like how it retraced back down. Closed for a minor profit. Now watching again.

What are the views for today of others? I'm thinking if bounce of this price area ~4030 back to ~4045.
Break ~4030 down toward ~4000

Hi Friends,

after continuous try of 9 candels of 4 hours last one is able to close below 4040, Now i am expecting good sell here but not yet confirm entry.

let's wait for this 4 hour conadel to close or any other confrimation

Towards 4010 is likely possible.

Swing objective hit, Asia 2 deviations finally hit, my advise is to wait 1h30m to the 4H Ny close and see were it close.
Already show where the swing levels were rejecting, and bears get their minimun, this doesn't mean it can not go further is why the importance of let this 4H Ny close...
The reality is that without a close outside we are still in the same ranges...
Safe trades!

uptrend working well untill now... let's see

congratulations and done for the week

I think its gonna bounce from 4007

Gold remains bearish after rejecting from the upper consolidation boundary and continuing its pattern of lower highs and lower lows. Price has now broken below the triangle-consolidation zone and is retesting the lower boundary around 4038-45 which aligns with previous liquidity.

As long as price stays below the triangle resistance and fails to reclaim 4080 momentum favors further downside. The next bearish targets lie below the Strong Low zone aiming toward deeper liquidity and Fibonacci extensions.

Bias: Sell below 4080
Sell Zone: 4045 - 4055 (Retest of broken consolidation + minor supply)
Stop Loss: 4082 (Above triangle resistance + structure break)
Take Profit: 4025 - 4008 - 3988
Invalidate: 4082 (Above triangle resistance + structure break)

I am just sharing my idea and its noy any financial advice. Please trade at your own risk with proper risk management.