Gold with No Drama

Why? Because of m5 candle?
I don't think market reached at its profit taking point!
As a monor company left US Treasury and also
France supporting EU to suspend EU US trade deal.. let see i think 4780 will be in the chart soon

I think 4750 is the current peak until trump speaks tomorrow

tik tok, shooooort

i was waiting for the HTF retracement to enter but it barely took out lows causing a big sweep
thats me done for the day

4755 and 65 incoming.

Safe side sell stop at 4710 below.

mate, they might lose in value, their balance sheet just like a original bank but they can do what others banks can not -.- , thank for chat GPT answer, but please do research by yourself as it is a better than using info from non-officials source

2/3 things you said (chat GPT said) is somewhat under control of central bank... Monetary policy is released by central bank only politics policy is not... interest rate is set by central bank completely which need calculate precisely... only FX market is not in its control. Better learn how bank work before telling people about chat GPT. In most case they will using monetary tool such as interest rate to control the market if not effective they will do something else such as QT/QE. Cash flow can be calculated, which also work gold market and can estimate price and projection price with high accuracy.

Bigger bank is, the more difficult it will fall (as well when it fall harder it hit, that why in 2010 leman brother got the world a big surprise) due to precise in control price and risk (which is liquidity sweep and manipulation in chart and you might not even know about it)

They can easily in/out of market as long as it is high liquidity (which is 5% value provide by retail), reduce its losing PnL, or BE some failure orders which CFDs or future trader can not do. Some firm can buy back CFDs contract to increasing profit or reducing losses. Broker - Banker - Central bank of a nation (sometime are international) are link together in a big chain of profit, only when conflicted they will get some losses (such as current situation)

Mate, there are many big firm and bank, they completely control the market, what they need is a push, a big push enough to move the market, which is news. Some can control up to 20-30% market value. (such as FEDs holding 8k ton of gold which estimate about 12% current market value and you think they can not do anything for its best value?)

Financial is manipulation of believe game, and just that. Gold rise just because of disbelieve in monetary system and people is the one who suffer when losing working value day by day. And central bank not mean to make money, they mean to manage nation money, that why they suffer sometimes.
in others word: yes they can loss, but they can cover their loss easy. And in financial world it is not about short term, it always about long term

Everybody is trying to earn money in their own ways

No need to comment on anyone, let everyone win

Wow, gold still climbing!

if only I hadn't closed my buy at 4715 during the Asian session .. would’ve been a jackpot! (Cant even look at the chart now lol)

Anyway, I knew I wouldn’t be able to track the trades with how busy things got. If I see a good opportunity later, I’ll jump in, but right now the market’s just sooooo wild. Good luck to everyone!

became someone's liquidity again today, out today to clean up all this blood

Again same thing consolidation Trend consolidation Trend

Sorry I placed a burning stove under gold's bum , so it is flying

Fun Fact :- Gold is closer to 5000 than this week's candle open!

Last week's candle I mean
Excitement

This baby trader made his first three-fig wins on Gold today, and learned a lot from you guys - thank you. Making my own decisions, but various thoughts, charts and general wisdom much appreciated. First forum I've found really useful - and as stated on the tin..no drama and good-natured.

Which direction for tomorrow? Weekly High or Weekly OB. IMHO

First entry for today.

sideway IMHO, need to accumulation/distribution here, range could be 680-750, anything is fine, i better wait, it finish all my fibo target and full of gap below which is bad for buyer

I'm waiting below 4712 -4705 for the next level continuation. if valid.. IMHO

I love this. This is what I call, Trading. After all the hullabalo of today, you've just picked your spot and bam. Please take a bow.

2nd scalp reentry. Next OB, please IMHO