Jeeeez those numbers

Easily to be honest, especially if Election goes crazy ( for example Trump loosing and then contesting results as before ), that would bring uncertainty and a sharp rise for Gold. And even without that there is too much in favor of gold rallying, ...

We were waiting for NYSE open, could be grabbing orders down there to shoot up, quite usual for gold big moves

funny thing is now after taking all this liquidity it "could" also come back make a new low

Rule of thumb on gold if you see a daily candle with no top wick especially after a bullish closure the day before the chances that this candle ends the day without making a top wick is less than 5%

Looks like we're off to the races boys

Next 15m crucial, this 15m candle could be the one to flip the 4H wich in turn has a high chance to come up flip the daily, let's see

IF the daily (that has no top wick btw) flips, it'll be a loooooot of sellers trapped

Be patient, ECB speech incoming usually high volatility during the speech + NYSE open will bring the volume better not get caught in the middle of the range

I mean middle east is not calming down, Koreans are fcking around at the border between north and south, China threatening Taiwan with war games i mean, if thats not unstable i don't know what is

Actually on the H1 we broke the bearish trend and came back to retest it, good chance this wants to go up imo, let's see with NYSE

Looks like we're closing back in the upper range, could signal the start of the move higher, weekly flips back bullish at 2648, aligns with the bullish monthly

I can see it happening tbh, especially with the geopolitical background, the way price is boucing that late in the session is sus

Take out the lows + take out the highs and then wait for NYSE fo direction = Gold 101

I was gonna say ^^

Monthly is already bearish ...

Also keep in mind we're still waiting for a possible ( probable ) retaliation strike on Iran so beware not to get caught in shorts relatively low in case it shoots back up

2616 possible bounce, H4 support + 50% fib retracement, let's see. But on the daily chart this looks like it could go to 2585 area

Indeed, usually the rule is until price breaks out of the range just play the range it's actually super safe with Gold If you zoom out you'll see that we have create the low and top of the range on Monday/Tuesday and stayed within that range all ...

I think we're basically in a range but the range is getting bigger and bigger, if you look on H1 you have a big " Megaphone " pattern This 4H looks to flip and if it does there is no telling how low it goes imo