Attachments: Gold with No Drama

Gold with No Drama

#59,401
Jun 25, 3:48am (4 hr ago) Jun 25, 3:48am (4 hr ago)

Mitiblotch
Joined Sep 2017 | Status: Trader | 11,396 Posts | Online Now

Quoting bolade

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{quote} Waiting for NY perharps!

Ignored

NY set the bottom yesterday and ranged slightly up from it. Again, I don't know what that means. However, I think we should get a relief rally to 4060-4080 then crash to 3895.

#59,402
Jun 25, 3:51am (4 hr ago) Jun 25, 3:51am (4 hr ago)

jessetoye
| Joined Dec 2007 | Status: Trader | 75 Posts | Online Now

Quoting Mitiblotch

Disliked

{quote} NY set the bottom yesterday and ranged slightly up from it. Again, I don't know what that means. However, I think we should get a relief rally to 4060-4080 then crash to 3895.

Ignored

Don't guess, let's see price touch 3930 first
H1 closes below 4000, expect a waterfall.

#59,403
Jun 25, 3:51am (4 hr ago) Jun 25, 3:51am (4 hr ago)

Whale
Joined Jun 2013 | Status: Trader | 14,643 Posts

Why guessing.

obviously the current PA for intraday is bullish.
we can see it from yesterday closed

just watch my previous post with the block i draw, London just confirmed it.

#59,404
Jun 25, 3:52am (4 hr ago) Jun 25, 3:52am (4 hr ago)

Erebus
Joined Jul 2011 | Status: Gold Again | 10,643 Posts

Quoting bolade

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{quote} Waiting for NY perharps!

Ignored

PERHARPS TOO

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It takes a lot for me to IGNORE you, but you can try.

#59,405
Jun 25, 3:55am (4 hr ago) Jun 25, 3:55am (4 hr ago)

Mitiblotch
Joined Sep 2017 | Status: Trader | 11,396 Posts | Online Now

Quoting jessetoye

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{quote} Don't guess, let's see price touch 3930 first H1 closes below 4000, expect a waterfall.

Ignored

I'm not guessing. I am giving facts. Asia did not sell. Fact. NY set the bottom last night. Fact. Bottom still not broken. Fact. Those are not sell signals. To short I would need a close below 3950, else I would never short here. I am even seeing below 3900 but I will take it step by step.

#59,406
Jun 25, 3:59am (4 hr ago) Jun 25, 3:59am (4 hr ago)

mehtataarak6
| Joined May 2026 | Status: Trader | 88 Posts | Online Now

Quoting Mitiblotch

Disliked

{quote} I'm not guessing. I am giving facts. Asia did not sell. Fact. NY set the bottom last night. Fact. Bottom still not broken. Fact. Those are not sell signals. To short I would need a close below 3950, else I would never short here. I am even seeing below 3900 but I will take it step by step.

Ignored

I think he is correct yesterday very huge selling came without any pullbacks soo i think today all sellers will mostly quit with their profits soo buyers may return we cant say because today is news day.

#59,407
Jun 25, 4:13am (3 hr ago) Jun 25, 4:13am (3 hr ago)

Mmarron
| Joined Jun 2018 | Status: Trader | 10 Posts | Online Now

Quoting Mitiblotch

Disliked

{quote} NY set the bottom yesterday and ranged slightly up from it. Again, I don't know what that means. However, I think we should get a relief rally to 4060-4080 then crash to 3895.

Ignored

Interesting take but I think the market will trick everyone here.
Nobody will get their 3900 buy. Instead we squeeze hard to 4160-4200 first - wiping out everyone who shorted 4000-4100 expecting direct drop to 3900.
Look at H4 structure - identical to June 10th bottom. Multiple rejection wicks from 3980-3984, RSI H4 at 27 both times. Smart money accumulating quietly while everyone is looking down.
PCE today 14:30 could be the catalyst. Weak print = dollar tanks = gold squeezes violently to EMA10 (~4160) or even EMA20 (~4250). All the sellers from 4000-4100 get stopped out on the way up.
Then - and only then - after the squeeze is complete and retail FOMO buyers jump in at 4200 thinking trend reversed - THAT'S where the real sell happens. 3900 and below becomes the target but from 4160-4250, not from 4000.
Classic bull trap for bears. The ones waiting patiently at 3900 will never get filled.

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