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  • #96,321
  • Apr 30, 2026 5:28pm Apr 30, 2026 5:28pm
Reminder that a new monthly candle have opened in Gold as FX too...I can say that on long term we're in a good place as bears...market price looking to target around 4400 a base below and weakness can accelerate...
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #96,322
  • May 1, 2026 2:10am May 1, 2026 2:10am
Quoting ChiForex
Final sell added at 4645...BOJ intervening in the market but sooner or later a retrace to 4590-4550 is imminent...
We've already hit 4590
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #96,323
  • May 1, 2026 2:19am May 1, 2026 2:19am
Hilarious when those trivial traders start whining after a Trump's tweet when the market have all freedom to react as it wants...but forcing Depreciation in a currency like done to the $ and appreciation to others is the real manipulation done for two days now by the BOJ.
As we saw from a short time ago..$ started strengthening again naturally..then appears a new intervention by BOJ!! As if yesterday 500pips intervention wasn't enough as the idiots saw UJ fade out 200 pips already in some hours and now again in minutes 100 pips...they didn't learn yet from SNB that they can't fight the wind...
However, the main idea is that such forced market movements must be forbidden!!
Well, the $ proved to be a real king holding on...despite all such manipulations..that takes you folks back to my words of I'm seeing no trends but range trading widely in 2026.
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #96,324
  • May 1, 2026 2:29am May 1, 2026 2:29am
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  • #96,325
  • May 1, 2026 3:12am May 1, 2026 3:12am
Quoting saimran
{image}
what you think what is the next move of the XAUUSD
  • #96,326
  • May 1, 2026 4:03am May 1, 2026 4:03am
XAUUSD update
Gold has now confirmed a short-term bearish shift after failing to hold above the 4600–4620 mid-range area.
Earlier, the bullish case needed price to defend the pullback zone and reclaim higher, but that has failed. Price rejected from the upper trendline/liquidity area, broke back below 4600–4590, and is now trading underneath the structure that previously supported the move.
For me, this changes the view from “bullish pullback” to bearish continuation unless reclaimed.
As long as gold stays below 4600–4620, sellers remain in control and the next downside areas I’m watching are:
4550–4535 = first reaction zone
4520–4500 = main support / previous low area
4480–4440 = deeper liquidity zone if 4500 fails
Resistance is now:
4590–4600 = immediate resistance
4620–4640 = major reclaim zone
A clean reclaim above 4620 would weaken the bearish case, but while price remains below that area, I see the path of least resistance as lower.
Current view: bearish below 4600–4620, targeting 4520 / 4500, with deeper liquidity around 4480–4440 if momentum continues.

Quote of the day:
“Gold doesn’t pay traders for being early; it pays those who wait for structure, confirmation, and discipline.”
  • #96,327
  • May 1, 2026 4:36am May 1, 2026 4:36am
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  • #96,328
  • May 1, 2026 5:06am May 1, 2026 5:06am
XAUUSD update
Gold has now validated the bearish shift I was watching. Price failed to reclaim 4600–4620, rejected the mid-range, and has continued lower into the 4560 area.
Personally, I’m still holding a sell from 4633, as the structure remains clean below 4590–4600. Sellers are still in control, but I wouldn’t chase fresh shorts directly into 4550–4545 support because that’s where liquidity can react.
My focus now:
4590–4600 = key resistance / bearish control zone
4570–4580 = minor pullback resistance
4550–4545 = immediate support
4535–4520 = next downside liquidity
4500 = major support
For me, the best continuation is either a weak pullback into resistance, or a clean break and hold below 4545. Until gold reclaims 4600+, the path of least resistance remains lower.
  • #96,329
  • May 1, 2026 5:33am May 1, 2026 5:33am
Quoting ChiForex
Still 4630-45 a good sell zone and more around 4675 if reached while good take profit around 4560
Ok folks my 3 orders since yesterday, 4645 4590 and 4555 have been closed at today TP that's within the 4550-90 zone that I've spoke about before.. This is how you manage trades... NOT set SL and loose an opportunity.
Now 4590s is expected to form resistance and definitely 4630-45 if reached again.
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #96,330
  • May 1, 2026 5:34am May 1, 2026 5:34am
Quoting ChiForex
Still 4630-45 a good sell zone and more around 4675 if reached while good take profit around 4560
Who applied this simple trading signal already banked 70 pips..
Thank you for your attention to this matter
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #96,331
  • May 1, 2026 5:38am May 1, 2026 5:38am
Quoting ChiForex
{quote} Who applied this simple trading signal already banked 70 pips.. Thank you for your attention to this matter
You are the boss. Yesterday i didn't agree with you. When your forecast and my forecast matches i trade big. Thanks again
  • #96,332
  • May 1, 2026 5:58am May 1, 2026 5:58am
Quoting ChiForex
{quote} Ok folks my 3 orders since yesterday, 4645 4590 and 4555 have been closed at today TP that's within the 4550-90 zone that I've spoke about before.. This is how you manage trades... NOT set SL and loose an opportunity. Now 4590s is expected to form resistance and definitely 4630-45 if reached again.
Yeah well,. If one was trading with a small account,. That reaction yesterday would have swallowed the account if they were trading without a stop loss.
Some of us don't have thousands to trade with,. So we manage our losses the best way we can.. That's where a proper use of SL comes in..
I'm sure you know this though,. Just saying
  • #96,333
  • May 1, 2026 8:58am May 1, 2026 8:58am
holy macaroni. A bigger move in 5 minutes than the last 8 hours btw.
  • #96,334
  • May 1, 2026 9:10am May 1, 2026 9:10am
Sold 4639 TP 4560-80
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #96,335
  • May 1, 2026 9:11am May 1, 2026 9:11am
Quoting Nasim01
{quote} You are the boss. Yesterday i didn't agree with you. When your forecast and my forecast matches i trade big. Thanks again
Importance in agreeing more..long term results matter
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #96,336
  • May 1, 2026 9:13am May 1, 2026 9:13am
Quoting Izeey007
{quote} Yeah well,. If one was trading with a small account,. That reaction yesterday would have swallowed the account if they were trading without a stop loss. Some of us don't have thousands to trade with,. So we manage our losses the best way we can.. That's where a proper use of SL comes in.. I'm sure you know this though,. Just saying
Not about big or small account, but money management..lot size compared to account size..
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #96,337
  • May 1, 2026 9:24am May 1, 2026 9:24am
Quoting ChiForex
Sold 4639 TP 4560-80
Sir where is ur SL
  • #96,338
  • May 1, 2026 9:27am May 1, 2026 9:27am
Took a break for 3 months. Back, and made some good profits today. (Bought @ 4580, TP 1 - 4609. TP 2 - 4620)

Interesting read from everyone.

sold at 4660,
TP 1 - 4635
TP 2 - 4620
  • #96,339
  • May 1, 2026 10:08am May 1, 2026 10:08am
Quoting DukeLeto
Took a break for 3 months. Back, and made some good profits today. (Bought @ 4580, TP 1 - 4609. TP 2 - 4620) Interesting read from everyone. sold at 4660, TP 1 - 4635 TP 2 - 4620
Sir how Ng have you been running your strategy?
And which strategy are you using to make you make profits?
  • #96,340
  • May 1, 2026 3:40pm May 1, 2026 3:40pm
For Coming Week - Strong Sell Side Trend. Find the opportunity of SELL and go with proper Money Management and Risk --- Avoid Buy till the zones are failed
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