Attachments: Gold with No Drama

Gold with No Drama

#53,701
May 30, 2026 9:29am May 30, 2026 9:29am

mysticcanada
Joined Feb 2025 | Status: Trader | 108 Posts

Happy Weekend $XAU Traders!

Weekly Recap: Entered short on new H1 downtrend early in the week, also took short M15 and took decent profit on each.

Friday: H1 flip bullish, entered positions around 4550.
According to backtests 87% chance it will hit at least 4614. And it MAY be a decent H1 trend as we've been coiled up for a while now, oil may continue to drop/war unwind (or not), so TPs at 4614, 4709, 4781.

Could be totally wrong of course! Just playing the odds.
Kept positions open in loss over the weekend expecting a small gap up and continuation into Monday. Alternatively will enter again short if the H1 flips bearish.

Expecting a busy June, last month of decent liquidity before summer. Will be scalping M15 (not M5, too noisy) and holding for the H1 whatever direction it goes.

... the True North, Strong and Free

#53,702
May 30, 2026 9:55am May 30, 2026 9:55am

Whale
Joined Jun 2013 | Status: Trader | 14,535 Posts

Quoting Deal

Disliked

I gonna let an advice to sellers... Price didn't tap the exact price needed yet... We will gonna have a new month and a new week... Just think how a candle is formed... Personal opinion... I will remember i let in the past that bullshit of trend trader when i realize if i trade at daily basis, my edge needed to be at daily basis... Safe trades.

Ignored

i sold yesterday at 4581, carried it to the weekend.
not sure what is the advice for the sellers?

#53,703
May 30, 2026 10:44am May 30, 2026 10:44am

Lloyd628
Joined Sep 2024 | Status: Quo | 742 Posts

Quoting radtrades

Disliked

{quote} though it was a bit harsh..

Ignored

That's an understatement.

In other news: the earth is flat. Aliens built the pyramids. And god exists

#53,704
May 30, 2026 11:22am May 30, 2026 11:22am

AnuragD
| Joined May 2026 | Status: Trader | 105 Posts | Online Now

It looks like a gap down

#53,705
May 30, 2026 11:26am May 30, 2026 11:26am

Olu
Joined Jun 2009 | Status: Trend Trader | 6,273 Posts | Online Now

Quoting Whale

Disliked

{quote} i sold yesterday at 4581, carried it to the weekend. not sure what is the advice for the sellers?

Ignored

Well done on that trade Whale.
I sold that area too but have closed it just before the market closed.
No one knows what will happen. Geopolitics will pay a part.
If there is nothing new adding risk gold will open flat and normal trading will take hold
Jawboning that the straits are open and that the war has ended then gold will go up initially
Orange man blowing up something then it is back to 4400 at least initially.
The weekend IG gold chart or the crypto variant will show the trader intentions at the time.
It does not necessarily carry on to the open of the trading day except if there is a massive shock to the system
Have a great weekend

If you think you can or cannot do it you are correct

#53,706
May 30, 2026 11:52am May 30, 2026 11:52am

AnuragD
| Joined May 2026 | Status: Trader | 105 Posts | Online Now

Going by the look of how Trump does these things he has already booked his profits he will most probably be just silent for this weekend leaving everyone just anticipating a deal while prices just grind to the downside. Once the prices come down he will feed something else to the market this way he is trying to protect the markets from tanking to the downside so that he can tell in the midterm that because of me US markets are at all time highs . As far as US Iran situation is concerned no country would ever make a deal with a man who talks to them like they are beggars, US Iran will stay in this deadlock for months maybe years. The strait might open with some restrictions or tolls or something of that sort while countries will create alternative paths to fetch their oil. I dont think anything of that sort that the markets will crash or some bubble will explode is going to happen all these speculations by these YouTube gurus are baseless. It just creates liquidity.

#53,707
May 30, 2026 1:59pm May 30, 2026 1:59pm

Huzaifa88
Joined Feb 2025 | Status: Trader | 1,204 Posts

speaking from psychological perspective not technical analysis rn
usdpy is at its end point from where it fell massively
it highly likely we will witness bears there and iam expecting profit taking
gold in the meanwhile is preparing to go long if considering this part
any hot news in this week will pump gold to 4600 and beyond
and then it depends what happens
its rn just a psychological view of correlation between usdjpy and gold

followed by some early retracement to 4484 and then pump or first pump then perhaps dump
lets see what is it they are going to offer us

#53,708
May 30, 2026 2:36pm May 30, 2026 2:36pm

Aliharisbutt
| Joined Apr 2026 | Status: Trader | 318 Posts

Quoting Huzaifa88

Disliked

speaking from psychological perspective not technical analysis rn usdpy is at its end point from where it fell massively it highly likely we will witness bears there and iam expecting profit taking gold in the meanwhile is preparing to go long if considering this part any hot news in this week will pump gold to 4600 and beyond and then it depends what happens its rn just a psychological view of correlation between usdjpy and gold followed by some early retracement to 4484 and then pump or first pump then perhaps dump lets see what is it they are...

Ignored

kuch buy kia tha apne 4366 price pa?

#53,709
May 30, 2026 2:43pm May 30, 2026 2:43pm

Aliharisbutt
| Joined Apr 2026 | Status: Trader | 318 Posts

Quoting GoldGod

Disliked

Gold With No Drama A calm space for GOLD discussion. Freedom to speak, share, and debate with respect and focus. Red Lines No personal attacks No drama or thread wars No signals or “copy me” posts Purpose Clarity, not noise. Philosophy Gold is emotional. This thread is not.

Ignored

low gravity

#53,710
May 30, 2026 3:26pm May 30, 2026 3:26pm

Deal
Joined Nov 2024 | Status: Trader | 5,211 Posts

Quoting Whale

Disliked

{quote} i sold yesterday at 4581, carried it to the weekend. not sure what is the advice for the sellers?

Ignored

Your position is good but can also be the top of Monday if we go there at 4585.65 as to bearish side 4495.19 in volume perspective...
That to me is a divergence since average daily movement ask for more, however if you notice you have average volume close of monthly above that was where we reverse from and weekly below at 4498.21 that was also where fryday kick from at Asia, both are magnets.
Daily need to test 4526 and 4h if we shift bullish can not have a close below 4512 or the same test level will be needed in structure and momentum perspective.
My million dollar question is not what they eventually end doing, is when they do it...
You are in a good sell, nothing against it, i close mine by the reasons explained here not at the charts at that time to follow breakout levels, but if i was i sure was let go to 4526 as daily level.

But remember that monthly and weekly will most likely have wicks and tipical monthly is not small...

#53,711
May 30, 2026 4:07pm May 30, 2026 4:07pm

bolade
| Joined Jun 2008 | Status: Trader | 108 Posts

Quoting Anxnd

Disliked

June be like buy buy buy buy

Ignored

Going long @ 4321 just to exit @ 4700 or 4900

#53,712
May 30, 2026 5:32pm May 30, 2026 5:32pm

Pivtrader
| Joined May 2026 | Status: Trader | 6 Posts

Quoting bolade

Disliked

{quote} Going long @ 4321 just to exit @ 4700 or 4900

Ignored

I am long on gold looking for a reversal around 4700

#53,713
May 30, 2026 5:34pm May 30, 2026 5:34pm

Pivtrader
| Joined May 2026 | Status: Trader | 6 Posts

Anyone recognise the pattern

Attached Image (click to enlarge)

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#53,714
May 30, 2026 5:40pm May 30, 2026 5:40pm

Pivtrader
| Joined May 2026 | Status: Trader | 6 Posts

Quoting bolade

Disliked

{quote} Going long @ 4321 just to exit @ 4700 or 4900

Ignored

what are you looking for at these levels and why

#53,715
May 30, 2026 7:38pm May 30, 2026 7:38pm

munlee
| Joined May 2026 | Status: Trader | 2 Posts | Online Now

Quoting Deal

Disliked

Price reverse at an weekly level ( 4456.54 )or a monthly of 4455.29, 4529 is a magnet for sure, the question is when, my second trade of the day as limit while i was sleeping, close it about 20m ago, need to leave and was more confortable if played at a daily level even to let runner play... I still didn't forget 4609 lol Stays here the three levels Monthly, weekly and daily if anyone want to use the zones for them self. Monthly and weekly have qurater levels too because they are respected or tested in 1h TF and when aligned with the daily deviations...

Ignored

Hi Deal, I have been following this thread for months and have noticed that the price levels you give are very spot on. Could you please share the method to calculate these price levels? Is there a volatility formula and lookback period that you specifically use? Thank you.

#53,716
May 30, 2026 8:12pm May 30, 2026 8:12pm