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Gold

looking to short near 2462

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Quoting pedro319
{quote} I expect to see at the very least 2463, by then all stops will be moved to safety. This type of bounce I call it: .Fx Bible .618 bounce. {image}
lookingng like rejection atv 38.2.
M30

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its all just one persons opinion....
Quoting ScalaFX
{quote} now I saw your chart, clear as always and similiar to mine, lets see this can work, cheers Bud
hey scala, you are proficient on translating chart, thumbs up!
Consistency beats intensity in the long run ~
The Federal Reserve's meeting minutes revealed a cautious stance, with no immediate plans to cut interest rates despite easing inflation. This led to a rise in U.S. Treasury yields, putting downward pressure on gold prices. Traders are now focused on the U.S. Producer Price Index (PPI) data, set to be released today at 8:30 AM ET. If the PPI indicates higher-than-expected inflation, it could bolster the dollar and further weigh on gold, making short positions more favorable in the near term.
Short Point 2558
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Sell target 2421
Firsst Sold 2455 until 2458

SL around 2464

Target Yesterday low
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Stay low, Go fast - No luck, All skill
Quoting hannanhhf
The Federal Reserve's meeting minutes revealed a cautious stance, with no immediate plans to cut interest rates despite easing inflation. This led to a rise in U.S. Treasury yields, putting downward pressure on gold prices. Traders are now focused on the U.S. Producer Price Index (PPI) data, set to be released today at 8:30 AM ET. {image}
PPI came out already, next is retail and unemployment figures. Could still give you the move you are looking for.
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its all just one persons opinion....
Quoting profits7
{quote} {image}

Hi Mate , ur charts looks so untidy. Can you actually stay focus with that chart??
Now we have only 2448 for a support of the day and if market hold it further rising expected = 2500-2520
Success is not final, failure is not fatal... - Winston Churchill
The Daily TF , market structure on the metals are looking bearish, the problem is that DXY daily TF market structure looks bearish too. And the metals and dxy are not positively correlated. Before I open a sell on gold today, I will want to see if DXY wants to plunge lower to the 100.5 to 99.9 area first. In the mean let me head over the JPY marketplace, they seem more straightforward now
ryoiki tenkai : Blue Juggernaut
Quoting eyefeelsix
{quote} I take my short Profit for +6% reward, next.. 2 scenarios to fill the GAP {image}

... and yeah GAP filled

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It's vacation time for me, Catch you later!

Consistency beats intensity in the long run ~
Quoting Techknow
{quote} triggered
As you know, I got triggered at 42 when I was targeting the 38-42 area that I had mentioned in my post. Price came down to 38 and moved back up to where it is now around 52. My Trade is well in profit and profit secured now. I will try to hold for 2462, i will take half off there and let the rest ride to 250x. If the price falls from there, it's fine. I've already gotten a nice profit.
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TechKnow
Quoting axecap
{quote} lookingng like rejection atv 38.2. M30 {image}
That is normal market reaction after the sell off.
2463 should come.

Quoting LadyGoldSA
{quote} I almost blew my account but because of you i recovered everything and more
Glad I could help.
Sounds like you are living dangerously!!
Easy on the position size, use a calculator and stick to 1 to 2% risk.
Join us free:https://harmonicsprotrader.com/
Sold 2459, add 2461, 63, 65 SL 2470, target 2405
dxy have to gaps to close, lets see
People don't plan to lose. They lose because they don't plan.
Quoting ScalaFX
Sold 2459, add 2461, 63, 65 SL 2470, target 2405 dxy have to gaps to close, lets see
We will have decision around 2464, either continuation down or bounce down and explosion to the upside to complete harmonic targets.
Either way I am happy.
Join us free:https://harmonicsprotrader.com/
Futures have pulled back again.

only +15 now. Could turn negative by next week at this rate…

still expecting fresh highs.

still holding longs from 2374. SL moved to -10
Que Sera
Hopefully, finally, we'll witness Silver at around 28.5$ Resistance soon. For the Gold we already know what price to pay attention to once and if it gets there.

Thankfully, the Support on both the Gold and the Silver held very nicely and perhaps we have enough gas for the price to break that highs at 2475$.

This Short yesterday was a real test of patience and how much trust one has in their analysis. There's no easy money. More tests might be coming.
Quoting pedro319
{quote} We will have decision around 2464, either continuation down or bounce down and explosion to the upside to complete harmonic targets. Either way I am happy.
Happy indeed. If you ask me there'll probably be some kind of news coming out relatively soon about war or from the Fed which would propel the price above 2500$. We'll see... so far, so good.
Quoting tehtawar
Firsst Sold 2455 until 2458 SL around 2464 Target Yesterday low {image}
Second sold 2457
Stay low, Go fast - No luck, All skill
Quoting hannanhhf
The Federal Reserve's meeting minutes revealed a cautious stance, with no immediate plans to cut interest rates despite easing inflation. This led to a rise in U.S. Treasury yields, putting downward pressure on gold prices. Traders are now focused on the U.S. Producer Price Index (PPI) data, set to be released today at 8:30 AM ET. If the PPI indicates higher-than-expected inflation, it could bolster the dollar and further weigh on gold, making short positions more favorable in the near term. Short Point 2558 {image}
I call Fed Meeting Minutes the fake Fed, because it rarely produces any impact hahaha.

I think Jackson Hole will be interesting. Perhaps Powell will comment on the jobs report and inflation report. Time will tell...
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