Gold with No Drama

i will wait for 5106, then buy

and i will not have to wait much, london should give it

It´s been ages since I used to have my finger on COT pulse so I´m not exactly on the map anymore but it sure looks to me commercials are reeaaally piling up..

Adding into account i said 4h rejection in 5161 is more bearish signal than bullish, adding into account they average 1h open, we should have into account that average the 4h is also a very common price movement, the times it doesn't is rare and the price is? 5138 align with average daily support at 5139.
However usual they do it this movement more sharp.
We have weekly also overlapping at this level, but we stick by daily first, what i expected is just a test so, daily is still bullish, but price is not a straight line.
If at begining i said people here were buying high now i still think the same without 4h now close above 5177.2, second time that i say that 5139 only left be support after beeing locked with a close above this price and even that will be always a magnet if 4h don't go there first, in the future we may see a sharp drop to mitigate that price.
Buying without tap 5139 do not make me confortable.
Safe trades.

easier way to read it

retail is buying hoping for 5300, commercial is selling lol

Does that mean commercial is waiting for retail to realise ?

Gotta wait for a good while for a proper formation-
As far as im seeing, the market is indecisive.. the sentiment is extremely bullish, even on a weekly TF (like abnormally bullish)
We could be seeing spikes of $100 moves this week probably..
But yes, the sudden manipulations is very much needed (like we saw last Friday) to actually give the banks a proper reason to readjust their positions -( i believe so )
Anyways, happy new week to evryone.

without wind the water in the lake and gold price do not move

today the wind came from this news

SL SECURED
RE ENTERED
SAME THESIS

Yes, NOT A FINANCIAL ADVICE. PROTECT CAPITAL FIRST

already TP All

Gonna Sell again at 5169 - 71

https://www.forexfactory.com/attachm...1?d=1771548552

Sold @5156 targetting 5105 with tight stops.

Any drop to under 5100 buy ,next first big resistance at 5270 from here we should see some accumulation and forming support to 5460-5480 ,if we don't see that stay away from market.Remind you on weekly chart between 6000-6400 wait for a big sell back to 5400 or lower .

SL recovered

took a short, tp at 5106

IT IS VERY BORING waiting FOR THE PAINT TO DRY

I closed position early got scared made 0.1 %profit

Who close the trade at 5139 did well, not be greedy is good in trading.
But also not give a buy signal yet, so caution...
A close below 5132 now can mean 5105...

as 5200 didn’t happen for me I took profit at 5135

waiting now for a long opportunity to 5200