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Gold

This week gold was madness except Tuesday US session
Quoting Commodities
{quote} Yup, this was the most obvious weekend to short gold. This entire week will be a blood bath for gold Ceasefire for Israel and Gaza FED rates this week (they will not be cutting rates which so GOOD for USD and BAD for gold) We will not be seeing ATH this week at all!
What if not?
I sell gold, but your post is a bit dramatic/exaggerated, tbh
Quoting W0lfram
{quote} What if not? I sell gold, but your post is a bit dramatic/exaggerated, tbh
What if not what?

The ceasefire is currently taking place and hostages have been exchanged - gold will fall because conflict is over for now at least! Which means less demand for a safe haven asset

FED will not be cutting rates this week, the probability of them cutting is so low that it's not being priced in at all. No cut = strong USD = weak gold

Gold is going to tumble, 2760 will be hit on Asia open 100%, like I said this is the easiest short
Quoting Commodities
{quote} What if not what? The ceasefire is currently taking place and hostages have been exchanged - gold will fall because conflict is over for now at least! Which means less demand for a safe haven asset FED will not be cutting rates this week, the probability of them cutting is so low that it's not being priced in at all. No cut = strong USD = weak gold Gold is going to tumble, 2760 will be hit on Asia open 100%, like I said this is the easiest short
2770 was the closing price.

How come 10$ is a tumble......
Some of the indicators that i use, since i have been flooded with indicator requests.
Attached File(s)
File Type: ex4 Daily open line.ex4   9 KB | 63 downloads
File Type: ex4 PsychLevels.ex4   3 KB | 62 downloads
File Type: ex4 TradingSessions-1.07.ex4   106 KB | 56 downloads
File Type: ex4 MarketProfile_VirginpPOC.ex4   21 KB | 69 downloads
File Type: ex4 WeekDays&Holidays.ex4   205 KB | 64 downloads
Quoting fxmatters
{quote} 2770 was the closing price. How come 10$ is a tumble......
I was expecting a correction and if the news event drive kicks a $50 correction if at all.. close by $19 on a Friday, Monday move will be fun.. . $10 is a blessing in disguise ..
Quoting Commodities
{quote} What if not what? The ceasefire is currently taking place and hostages have been exchanged - gold will fall because conflict is over for now at least! Which means less demand for a safe haven asset FED will not be cutting rates this week, the probability of them cutting is so low that it's not being priced in at all. No cut = strong USD = weak gold Gold is going to tumble, 2760 will be hit on Asia open 100%, like I said this is the easiest short
My short-term plan is bearish even though I disagree with most of your saying. At least for now on technical side that requires correction
I wrote this for Mr.El even though I'm on your ignoring list, but I know you'll read this anyway

You're seriously should stop trading, spend sometime outside, look into your mind, talk to yourself or to your family

I'm some how was put on your ignoring list which labeled as bot or scammer. And yet you haven't reported us to admin so you can help other traders avoid someone like us. No, not like that. Those on your list are the one you're expecting to pay attention to your existence on this forum. What is the point of ignore someone and read everything they post.
I won't put you on ignoring list. I'm just tired with your nonsense and won't be bothered by it anymore.
Quoting Praetorion
{quote} I was expecting a correction and if the news event drive kicks a $50 correction if at all.. close by $19 on a Friday, Monday move will be fun.. . $10 is a blessing in disguise ..
Sorry, don't understand what you're talking about
my new gold trading method is pretty simple and good

and i don't give a damn who puts me on ignore for any rotten reason. my job is to improve myself and my trading skills. and trading results.
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Best part legally I cannot open a live account
Quoting PatienceFx
my new gold trading method is pretty simple and good
Personally I'm still working on finding that holy(sh) grail.
One thing is for sure though: once (if) I worked it out, anyone who's interested would benefit too.
In other news: the earth is flat. Aliens built the pyramids. And god exists
Quoting CogAlpha
{quote} Agreed, Short might be coming soon. Daily Swing reached Target, a pullback might come soon {image}
I agree with the pullback, but I wouldn't short it on high time frames.
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Quoting PatienceFx
my new gold trading method is pretty simple and good and i don't give a damn who puts me on ignore for any rotten reason. my job is to improve myself and my trading skills. and trading results. {image}
Yes. Beautifully clean chart. Makes it so obvious that we will tap 2763 area before anything else, come Asian session tomorrow. Thanks self-improvement is first and foremost
"Live & Let Live" - David Gilmour
Gold is currently trading at $2771.50. Support levels are between $2760 and $2762, meaning prices are expected to stay above this range. If support holds, gold could rise to $2785-88, with the potential to reach $2795 if momentum continues. However, there’s a risk of a downside. If gold falls below $2757 or $2742, it may drop further to the $2703-08 range.

 

  1. Support levels are price points where buying interest is strong enough to prevent further declines.
  2. Resistance levels (e.g., $2785-88) are where selling pressure might limit further price increases.

This week’s outlook:
Gold is expected to trade within the $2742 to $2795 range, depending on whether support or resistance levels are broken. Watch for key economic events or data that could drive price movement.

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sacred numbers of the universe, for cycles 8.64
25.92
671.95
grand master of the Knights Hospitaller
Trade based on signals at support levels 2763 and 2744.
Wishing you successful trading!
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Quoting non8me
{quote} Hi MaximeQ, welcome to the forum =) I’m giving a try at sharing my analysis. In my opinion, there are at least two potential scenarios : 1. The correction scenario A small correction could bring the price back to the 0.786 Fibonacci level (2736/2734 $), which also corresponds to the support observed on Wednesday. This zone is critical for several reasons: It is reinforced by the current bullish momentum on the weekly and monthly charts. A break below 2720/2718 $ would represent a breach of major supports, potentially leading to a deeper...
Hi buddy,

Thanks for the warm welcome and for taking the time to share such a thorough analysis. I really appreciate it!

I think your breakdown of the two potential scenarios is very insightful and aligns well with my own thoughts.

Here's my take:

1. Correction scenario
The 0.786 Fibonacci level (2736/2734) is definitely a critical zone on the Daily chart as well.

I'm keeping a close eye on whether this level holds, as it aligns with the key support we saw earlier this week. If we see a break below 2720/2718, I agree that the next logical targets are 2550 and 2350. A drop to 2000 would be an extreme move, but given the bearish divergence on the weekly and upcoming volatility from the FED decision, I’m not ruling anything out.

2. Bullish continuation scenario
Your points about the bullish momentum are valid, especially with the MACD showing buying pressure and the price staying above critical moving averages. I think liquidity around 2800 will be a key battleground. If bulls manage to sustain the pressure above 2786 and push through that zone, it could trigger a strong continuation rally. And as you know... If gold goes, it goes hard.

For now, I’m sticking to my short position with a breakeven stop-loss, as I see more downside risk at these levels.
However, I’m ready to adapt depending (If we have some good entry levels) on how the 2736/2734 support reacts early next week.

Let’s see how it plays out!

I’ll definitely be watching volume and momentum closely as the market approaches the FED decision + all USD news.
Thanks again for the input and taking your time!

What’s your personal bias heading into next week(s), what kind of strategy are you trading and how long are you in the game?

Have a meaningful week ahead!
Quoting W0lfram
{quote} So far -$4 according to IG{image}
Hi! What website do you use to check this out please? I've never seen this before. Thanks in advance!
Quoting Praetorion
Some of the indicators that i use, since i have been flooded with indicator requests. {file} {file} {file} {file} {file}
Thanks for sharing!
Quoting pipHunter2
{quote}[/b][/size] {image} {image}
________________ ATM =
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Stay Under my dealer's RADAR
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