Attachments: Gold with No Drama

Gold with No Drama

#58,801
Jun 23, 12:12am (5 hr ago) Jun 23, 12:12am (5 hr ago)

SibiSh
Joined Jun 2025 | Status: Trader | 1,913 Posts | Online Now

Quoting SibiSh

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Gold Detailed Analysis Gold remains bearish while trading below the descending trendline and key resistance at 4210-4230. Although price has bounced from channel support sellers continue to defend higher levels. A rejection from the current resistance zone could drive gold toward 4000 and potentially 3835. The bearish outlook remains valid unless price achieves a sustained break above 4230-4268. Trade Plan - Sell Setup Sell Zone: 4210-4230 Targets: 4150, 4100, 4022, 3900, 3835 Invalidation: H4 close above 4268 Wait for bearish confirmation (rejection...

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Gold remains bearish after rejecting the key resistance zone around 4195-4215. Price has broken below the rising intraday trendline and is currently testing the support near 4124 indicating that sellers remain in control. The overall structure continues to print lower highs and lower lows within the descending channel while the recent bearish CHoCH confirms downside momentum. As long as price stays below 4195-4215 the active sell trade remains valid with a likely scenario of a minor pullback followed by further downside toward 4054 and potentially 4011 (weak low area). A sustained move back above 4215 would weaken the bearish outlook but for now the path of least resistance remains to the downside.
Key Levels to Watch
- Support: 4124, 4054, 4011
- Resistance: 4194, 4215, 4237

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Patience

#58,802
Jun 23, 12:12am (5 hr ago) Jun 23, 12:12am (5 hr ago)

IneedMoney15
| Joined Jun 2026 | Status: Trader | 14 Posts | Online Now

OMG I missed entry 4115-4120 . I watched the facking chart from hours ,and decided to go take a shit first and shit happen.

#58,803
Jun 23, 12:16am (5 hr ago) Jun 23, 12:16am (5 hr ago)

xauboss
| Joined Jun 2026 | Status: Trader | 6 Posts

Good catch i think

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#58,804
Jun 23, 12:35am (5 hr ago) Jun 23, 12:35am (5 hr ago)

BeeTogether
Joined Oct 2020 | Status: Trader | 14,091 Posts | Online Now

Quoting IneedMoney15

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OMG I missed entry 4115-4120 . I watched the facking chart from hours ,and decided to go take a shit first and shit happen.

Ignored

dude shit happens

Insane in the Brain..

#58,805
Jun 23, 12:38am (5 hr ago) Jun 23, 12:38am (5 hr ago)

BeeTogether
Joined Oct 2020 | Status: Trader | 14,091 Posts | Online Now

Next line of support is 4120 peaked below a couple of times. Breaks and then we are 4090 territory

Insane in the Brain..

#58,806
Jun 23, 12:51am (5 hr ago) Jun 23, 12:51am (5 hr ago)

TheOtherSide
| Joined Jun 2026 | Status: Trader | 15 Posts

okay so this is the the last line of defense for bulls

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#58,807
Jun 23, 12:56am (5 hr ago) Jun 23, 12:56am (5 hr ago)

ekson
| Joined Apr 2010 | Status: Trader | 120 Posts

We try to loss 4114 to test 4070/4085

#58,808
Jun 23, 1:01am (5 hr ago) Jun 23, 1:01am (5 hr ago)

PatienceFx
Joined Jun 2013 | Status: enjoying life | 23,966 Posts

tomatino said buy so i am buying 4122

do not follow me 99.9999999% of times, rest you can lol

#58,809
Jun 23, 1:04am (5 hr ago) Jun 23, 1:04am (5 hr ago)

shawkat2025
| Joined Sep 2025 | Status: Trader | 209 Posts

Quoting PatienceFx

Disliked

tomatino said buy so i am buying 4122

Ignored

Of course it's a good buy.

#58,810
Jun 23, 1:04am (5 hr ago) Jun 23, 1:04am (5 hr ago)

PatienceFx
Joined Jun 2013 | Status: enjoying life | 23,966 Posts

Quoting PatienceFx

Disliked

tomatino said buy so i am buying 4122

Ignored

nearest truck at 4162

do not follow me 99.9999999% of times, rest you can lol

#58,811
Jun 23, 1:06am (4 hr ago) Jun 23, 1:06am (4 hr ago)

Tradergohst
| Joined Aug 2025 | Status: Trader | 2 Posts

I open sell in that , still im in..

#58,812
Jun 23, 1:26am (4 hr ago) Jun 23, 1:26am (4 hr ago)

PatienceFx
Joined Jun 2013 | Status: enjoying life | 23,966 Posts

Quoting shawkat2025

Disliked

{quote} Of course it's a good buy.

Ignored

it is important to understand why gold fell and why buying isd not an option

do not follow me 99.9999999% of times, rest you can lol

#58,813
Jun 23, 1:38am (4 hr ago) Jun 23, 1:38am (4 hr ago)

xauboss
| Joined Jun 2026 | Status: Trader | 6 Posts

Long @4116.15

#58,814
Jun 23, 1:39am (4 hr ago) Jun 23, 1:39am (4 hr ago)

shawkat2025
| Joined Sep 2025 | Status: Trader | 209 Posts

Quoting PatienceFx

Disliked

{quote} it is important to understand why gold fell and why buying isd not an option

Ignored

I am already long, added more at 4120 but watching for 4310 then the fly to 4900.

#58,815
Jun 23, 1:39am (4 hr ago) Jun 23, 1:39am (4 hr ago)

xauboss
| Joined Jun 2026 | Status: Trader | 6 Posts

Tp @ 4122.15

#58,816
Jun 23, 1:39am (4 hr ago) Jun 23, 1:39am (4 hr ago)

Muxb7
| Joined Dec 2025 | Status: Trader | 34 Posts | Online Now

Going in my TP 4138

#58,817
Jun 23, 1:42am (4 hr ago) Jun 23, 1:42am (4 hr ago)

Raventine
Joined Aug 2020 | Status: Zeroing In on Chaos | 2,043 Posts | Online Now

I love to see people buying right now

as price keep lowering, liquidity keep flowing, for the god sake, my capital raise so quick this year

Will is the most powerful weapon in the world.

#58,818
Jun 23, 1:43am (4 hr ago) Jun 23, 1:43am (4 hr ago)

JosyTrader
| Joined Jun 2026 | Status: Trader | 1 Post

Quoting shawkat2025

Disliked

{quote} I am already long, added more at 4120 but watching for 4310 then the fly to 4900.

Ignored

long? In gold? What are you seeing that makes you believe in buying? Where’s the nearest liquidity level? It’s the previous week low. While that low is intact and no reversal pattern formed in higher timeframe, we just need to sell gold

#58,819
Jun 23, 1:44am (4 hr ago) Jun 23, 1:44am (4 hr ago)