Attachments: Gold with No Drama

Gold with No Drama

#61,461
Jul 7, 2:25am (4 hr ago) Jul 7, 2:25am (4 hr ago)

kidB
| Joined Sep 2023 | Status: Trader | 14 Posts | Online Now

The best trend to stick to right now is patience, let the market give us a clear direction of where it is going to trade.
Remember the month of July & August are not favorable months for the markets.

#61,462
Jul 7, 2:29am (4 hr ago) Jul 7, 2:29am (4 hr ago)

przfx
Joined Apr 2025 | Status: Trader | 1,273 Posts

Quoting m3mataei

Disliked

chanel broked, expected waterfall, hope it will touch 4104 asap now

Ignored

probably London will deliver 4104

#61,463
Jul 7, 2:34am (3 hr ago) Jul 7, 2:34am (3 hr ago)

przfx
Joined Apr 2025 | Status: Trader | 1,273 Posts

Quoting kidB

Disliked

The best trend to stick to right now is patience, let the market give us a clear direction of where it is going to trade. Remember the month of July & August are not favorable months for the markets.

Ignored

Why are July and August not favorable months for the market?

#61,464
Jul 7, 2:41am (3 hr ago) Jul 7, 2:41am (3 hr ago)

New2Trade
| Joined Jun 2026 | Status: Trader | 2 Posts

Quoting przfx

Disliked

{quote} Why are July and August not favorable months for the market?

Ignored

July/August are often unfavorable because summer liquidity is low so gold often gets choppy moves

#61,465
Jul 7, 2:51am (3 hr ago) Jul 7, 2:51am (3 hr ago)

fxcontest
Joined Jul 2011 | Status: Trader | 3,284 Posts

SELL

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Holy Betting Grail strategy

#61,466
Jul 7, 3:06am (3 hr ago) Jul 7, 3:06am (3 hr ago)

janusforex
Joined Jan 2017 | Status: Trader | 110 Posts | Online Now

Quoting przfx

Disliked

{quote} Why are July and August not favorable months for the market?

Ignored

summer holidays in northern hemisphere and large players taking time off

#61,467
Jul 7, 3:13am (3 hr ago) Jul 7, 3:13am (3 hr ago)

Fnjb
| Joined Apr 2026 | Status: Trader | 108 Posts

Just experimenting something, lets se how long will itntouch 4200 again

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#61,468
Jul 7, 3:20am (3 hr ago) Jul 7, 3:20am (3 hr ago)

kidB
| Joined Sep 2023 | Status: Trader | 14 Posts | Online Now

Quoting przfx

Disliked

{quote} Why are July and August not favorable months for the market?

Ignored

Because most of wall street and institutional traders are on annual summer vacation only few big players active

#61,469
Jul 7, 3:28am (3 hr ago) Jul 7, 3:28am (3 hr ago)

MoneyPrinte
Joined Jan 2025 | Status: Trader | 1,707 Posts

Quoting MoneyPrinte

Disliked

.,.., {image}

Ignored

.,,.,.,.

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https://x.com/moneyprinte

#61,470
Jul 7, 3:44am (2 hr 49 min ago) Jul 7, 3:44am (2 hr 49 min ago)

MoneyPrinte
Joined Jan 2025 | Status: Trader | 1,707 Posts

Quoting MoneyPrinte

Disliked

{quote} .,,.,.,. {image}

Ignored

....

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https://x.com/moneyprinte

#61,471
Jul 7, 3:46am (2 hr 47 min ago) Jul 7, 3:46am (2 hr 47 min ago)

Palambir
Joined May 2022 | Status: Trader | 372 Posts

I think its sitting on a support. strong potential for up move

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Contrarian

#61,472
Jul 7, 3:57am (2 hr 37 min ago) Jul 7, 3:57am (2 hr 37 min ago)

Guy1969
Joined Jul 2021 | Status: Trader | 2,252 Posts

Taking partial $42 on Gold short.

#61,473
Jul 7, 4:05am (2 hr 28 min ago) Jul 7, 4:05am (2 hr 28 min ago)

PatienceFx
Joined Jun 2013 | Status: enjoying life | 24,039 Posts

2 minute noodles
2 minutes instant profits

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

#61,474
Jul 7, 4:10am (2 hr 23 min ago) Jul 7, 4:10am (2 hr 23 min ago)

cubidut
| Joined Jun 2017 | Status: Trader | 355 Posts

Quoting janusforex

Disliked

{quote} summer holidays in northern hemisphere and large players taking time off

Ignored

Now, I'm sometimes curious about this common belief... during the summer holidays, does everyone at American/European banks really take a vacation?
Do forex and bank trading activities really stop?
Logically, they continue, right? Big-time traders must also continue to transact, albeit remotely, no?

bulls make money, bears make money, pigs get slaughtered

#61,475
Jul 7, 4:19am (2 hr 14 min ago) Jul 7, 4:19am (2 hr 14 min ago)

Rustinpeace
| Joined Feb 2026 | Status: Trader | 34 Posts

Quoting kidB

Disliked

The best trend to stick to right now is patience, let the market give us a clear direction of where it is going to trade. Remember the month of July & August are not favorable months for the markets.

Ignored

that is an old statement and mostly for stocks not forex.
Nowadays it´s different. Algos, big institutions trading 24/7, hedge funds, global markets...
Not favorable doesn't apply to forex. It is always favorable, up, down or ranging you can make your pips just the same.

#61,476
Jul 7, 4:20am (2 hr 13 min ago) Jul 7, 4:20am (2 hr 13 min ago)

Rustinpeace
| Joined Feb 2026 | Status: Trader | 34 Posts

Quoting cubidut

Disliked

{quote} Now, I'm sometimes curious about this common belief... during the summer holidays, does everyone at American/European banks really take a vacation? Do forex and bank trading activities really stop? Logically, they continue, right? Big-time traders must also continue to transact, albeit remotely, no?

Ignored

You are right. That's a really old statement and doesn't work that way anymore.