Gold

Quoting dolamite

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This is what I want you guys to learn and see for those of you that have no idea what I'm talking about. Here's the visual: {image} The yellow arrow is where the long most likely executed. As you'll notice each red arrow is pointing at wick or a micro flat rejection of the long's price/avg price. The yellow line is for reference of almost exactly where his/her price was/is. This is how the market making algos work to keep you out of profit and if the market cooperates and the other algos get out of the way or even help (it's complicated) the algo...

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Quoting dolamite

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{quote} I also want to add that even though the example was a 1 minute time frame, this pattern plays out even in the larger time frames all they way up to daily charts in every asset especially currencies and commodities. NOW you guys know how support and resistance is formed and what these patterns mean and who is against you and those that are on your side.

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Quoting Viki84

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{quote} Hi dolamite! Thank you for this information. Can u tell a little bit more where i can find more information about this? Where i can learn more about this type of support and resistance. Thank you

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Quoting dolamite

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Gold is being manipulated. There's a long at this current level that the market makers don't want going into profit. You can clearly see in the minute chart. The price is straddling what I'm almost positive is a long position based on the flat it's forming. The fucking algo's manipulate the market so bad. They are devils. This is how the market making algos work. Usually by this time gold should've moved out of the asian range but not with what's going on.

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Quoting dolamite

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{quote} I also want to add that even though the example was a 1 minute time frame, this pattern plays out even in the larger time frames all they way up to daily charts in every asset especially currencies and commodities. NOW you guys know how support and resistance is formed and what these patterns mean and who is against you and those that are on your side.

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Quoting dolamite

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Gold is being manipulated. There's a long at this current level that the market makers don't want going into profit. You can clearly see in the minute chart. The price is straddling what I'm almost positive is a long position based on the flat it's forming. The fucking algo's manipulate the market so bad. They are devils. This is how the market making algos work. Usually by this time gold should've moved out of the asian range but not with what's going on.

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Quoting fontu

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checking gross pa , previous top 2341 remain intact . if so 2320/06 test before bounce possible , weekly may test high 2368 , while price remain in channel down for 2252 and down before next bull leg up . overall though bull there chances more bear most times till ready for bull and hold . take care {image} {image}

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Quoting nave02051986

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Gold is bearish and will go down to below 2300 level I am in selling right now do your own analysis if matches with mine then go for a sell

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