Dislikedi'm waiting on a retest of the 4422 low. Just lower highs and lower lows > H1 TFIgnored
1
- #54,842
- Jun 4, 11:40pm (6 hr ago) Jun 4, 11:40pm (6 hr ago)
The downward movement seems to be stuck.... I don't know if it's just going to enter a pit stop to continue or if it will turn around....
Just close the sell.
The profit is enough for me
Just close the sell.
The profit is enough for me
bulls make money, bears make money, pigs get slaughtered
- #54,843
- Jun 4, 11:43pm (6 hr ago) Jun 4, 11:43pm (6 hr ago)
- | Joined Sep 2025 | Status: Trader | 157 Posts
The downward movement seems to be stuck.... I don't know if it's just going to enter a pit stop to continue or if it will turn around.... Just close the sell. The profit is enough for me
- #54,850
- Edited 12:34am Jun 5, 12:12am (5 hr ago) | Edited 12:34am
- Joined Dec 2012 | Status: Trader | 4,711 Posts
Gold price movements are still sideways (dominant TF D1). Sideways on large TFs like the current conditions, there is a false trend on smaller TFs.
In a sideways market, there is no dominant direction of price movement because prices move following the price structure in a sideways range in various timeframes. Price movements follow the volatility created by smart money and prices rise and fall following false trends in various timeframes.
Be carefull, Only smart money* can shape the true trends.
In a sideways market (1+1=0), the price correction structure and updated market sentiment* are very important to pay attention to.
In a sideways market, there is no dominant direction of price movement because prices move following the price structure in a sideways range in various timeframes. Price movements follow the volatility created by smart money and prices rise and fall following false trends in various timeframes.
Be carefull, Only smart money* can shape the true trends.
In a sideways market (1+1=0), the price correction structure and updated market sentiment* are very important to pay attention to.
The Average Discount Everything
- #54,852
- Jun 5, 12:21am (5 hr ago) Jun 5, 12:21am (5 hr ago)
- Joined Jun 2013 | Status: Trader | 14,542 Posts
- #54,853
- Jun 5, 12:28am (5 hr ago) Jun 5, 12:28am (5 hr ago)
- Joined Sep 2017 | Status: Trader | 11,242 Posts
- #54,855
- Jun 5, 12:37am (5 hr ago) Jun 5, 12:37am (5 hr ago)
- Joined Jun 2025 | Status: Trader | 1,843 Posts | Online Now
Gold Updated Analysis
Gold remains under bearish pressure after rejecting from the 4510–4515 resistance zone and breaking below the short term ascending support trendline. Price is now trading around the 4440 area where a key horizontal support and trendline intersection is being tested.
The structure shows lower highs and weak bullish momentum while the projected move on the chart suggests further downside continuation if sellers maintain control below 4460-4475. A breakdown below 4430 could accelerate the move toward 4360 and potentially 4322 support levels. However any short-term pullback toward the broken structure may offer fresh sell opportunities before continuation lower.
Key levels to watch:
- Resistance: 4455, 4478, 4500, 4531
- Support: 4430, 4410, 4380, 4350 
Gold remains under bearish pressure after rejecting from the 4510–4515 resistance zone and breaking below the short term ascending support trendline. Price is now trading around the 4440 area where a key horizontal support and trendline intersection is being tested.
The structure shows lower highs and weak bullish momentum while the projected move on the chart suggests further downside continuation if sellers maintain control below 4460-4475. A breakdown below 4430 could accelerate the move toward 4360 and potentially 4322 support levels. However any short-term pullback toward the broken structure may offer fresh sell opportunities before continuation lower.
Key levels to watch:
- Resistance: 4455, 4478, 4500, 4531
- Support: 4430, 4410, 4380, 4350
Patience
- #54,856
- Edited 12:53am Jun 5, 12:42am (5 hr ago) | Edited 12:53am
- Joined Dec 2012 | Status: Trader | 4,711 Posts
for me, daily is still in bearish bias waiting for another entry
The Average Discount Everything
- #54,857
- Jun 5, 12:50am (5 hr ago) Jun 5, 12:50am (5 hr ago)
- Joined Jul 2011 | Status: Trader | 3,137 Posts | Online Now
Holy Betting Grail strategy
- #54,858
- Jun 5, 1:03am (5 hr ago) Jun 5, 1:03am (5 hr ago)
{quote} I don't want to influence you, but on the D1 timeframe, the current price movement is sideways or the price movement is looking for an equilibrium level/zone, after a strong uptrend. {image}
I'm trading on the H1 timeframe as intraday trader. But thank you for your advice and warning mate.
bulls make money, bears make money, pigs get slaughtered
- #54,860
- Jun 5, 1:12am (4 hr ago) Jun 5, 1:12am (4 hr ago)
- Joined Sep 2017 | Status: Trader | 11,242 Posts