I agree, it looks very bearish, especially with that nice gap around 1850-1835, wanting to be filled, but let's be careful around the trendline 1940-1935, just in case the world decides that gold rules, seeing as central banks buying won't allow it ...

I agree with this, same thing deaftrader said a couple of days ago, to test that 100-DMA and bottom trend line, around 1933. I don't know why peeps are bullish on Friday night when the Gold ended low without any rejection, and the DXY ended just ...

...And we are going down! Dude, you were totally wrong! You must look at stats as well as technical analysis. And Sentiment. Better luck next time.

I think so too... ADP was quite strong, and layoffs not that much, I think it will come in hot... Again!

Great analysis, it could, but could also drop again, for the very reason where your price line is in the graph: It touched the long red wick on the left, filling that gap, and could well resist it, or go through, especially after news.

Hi there and welcome. No one will reject any ideas here, being a place for sharing FX ideas, and your input and effort is highly appreciated. We are all waiting to see what happens at the 1954 - 1953 zone. I think a last retest of 1935 may be on the ...

definitely! Noisy and ranging, Gold is waiting for a new catalyst, I am out until we go below 1950 or above 1965 again. Hopefully we'll have an idea before the NFP on Friday, where we have an opportunity of Gold to shoot up if the NFP numbers ...

Also, this is some random BS, I hope its not on a live account? I am with HFM, and there was also no spike like this on my chart. I hope they're not spoofing, if this is the correct term for this anomaly.

I dear Parveen, a blessed day for you, and all in this awesome forum. I anticipate this too, I may be wrong, seeing as Gold is so bearish, but if it holds above the 100-MA after a 4H or Daily candle or two, it will be nice to see it shoot up! Best ...

TP hit @ 1935, now I am relieved, and out, unless we go below 1930 I'll short till 1925-1922.

Morning Parveen, here we are again, lol! 1940 is holding so well! Watching it closely

I don't have to draw a trendline to see it rejected. Hopefully we'll go searching for 1936, and then we'll see what's next.

I hope FxSnapper is right, and then eventually your statement after a last drop to 1937.

Hi Baba! I hope you're well! Thanks for the amazing chart, I am waiting for Gold to go down and touch that 1935 area

Same here, shorted from 1945 TP @ 1940

I think it will negatively effect Gold, boost DXY, but short-lived, hence I expect a quick drop, and then buyers will step in trading will then probably only be okay'ish in Asian session, and be almost no volume in London and NY sessions. So ...

I think so too, hence I'm for it possibly going to weekly low @ 1936 in the start of the trading week, make that beautiful long wick to the bottom, and then start rallying to 2000 - classic confirmation!

Cool chart! I'm holding a SELL, even though it's below current price level, at 1938, TP for 1936, just in case it touches that 100-SMA, around @1935-1933, which is also the lower upwards trendline, meaning it can always touch and start a bullish ...

Ho Parveen, I hope your day has been well? Yes I am pissed at myself for putting in that Sell stop, for safety, thinking that this morning it would go touch that 1935 area -sigh- let's see what happens within this volatile hour

4H is the way, so powerful, love it as final confirmation.