Gold with No Drama

guys, it has gone to consolidation period. my calculation says we may wait for EUR session for clear move

So guys, we all know the war has begun and all we need to do is trade smart. I see a bit of sell then buy continue again to break present daily high. I wish us success in our Trading Endeavors

@HumanAI

Just see where is the Open, current high and current low?
XXX3......
.....
And my entry levels



And they respected every xx3 for today....

Maybe just coincide...

I assume that there will be another downward wave. The targets for silver remain at 90-85. I have slightly revised the positions for gold. 5200-5100 before the movement towards the highs begins.

Careful on buys

very very high volatility again, this time it at the sell zone, without breakout above of 545x, but still buyer is highly aggressive, i dont like this situation, looking now. Price could reverse back 18x in this month or clear Imb of MN (or not, it will be come a nice target later at 27x), zero direction for me now, better stay out of this hole (270-450 center was around 360 which is current price level), it possible a big build buy high to breakout MN candle and also reaching 6k3 is likely happen after this (if price not fall back 18x)
Still no sign to entry, scalp is risky at this moment as volatility is high
And no W1 close above 28x => this mean no confirmation for break of extreme sell level yet, it just a gap go, maybe this week price will play full sideway at this hole

Best long entries
Pullback entry. Wait for price to retrace into 5314 to 5280 and print a bullish rejection candle, then target a retest of 5379 and a breakout toward 5400 plus.
Deeper pullback entry. If price pulls back to 5246 to 5213, that is the best value zone. Look for a strong rejection and then target 5314 first, then 5379.
Invalidation
If H1 closes and holds below 5213, the breakout is failing and the chart can rotate back toward 5179 and 5130.
Forum style paragraph
XAUUSD H1 broke out of a multi hour consolidation between 5130 and 5213 and printed a strong impulsive expansion to 5379. After this type of vertical move, I am not chasing the highs. I will only look for longs on a pullback into 5314 to 5280 or ideally back into the breakout base 5246 to 5213 with bullish rejection, targeting 5379 then 5400. Bias remains bullish while price holds above 5246 and especially 5213. A sustained close below 5213 would signal a failed breakout and open a rotation back into the prior range.

the price did return

Close 2nd cycle buy......

Gap filled then buy again( maybe)

remember its not a gap of something with volume, only weeekend brake in brokers. Its not cme or something

I dont think gap needs to be filled as such in this scenario.

Just in, this is NOT good at all

This looks like a sell day to me. especially as price wont beak R2 level

Going full on buy at this point… going for a swing till first resistance above 54xx
Added 2 more positions ( current no of trades running 4)

R2 just got broken

you might wanna look at the gold chart again lol

Overnight target of 5450 didn’t hit. However we are now close so will keep trade open till above 5500 should we get there

Saudi Aramco has halted operations at its Ras Tanura refinery in Saudi Arabia after a drone strike in the area, according to people familiar with the matter.
Aramco’s media office did not have an immediate comment.

I bet ya they did