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  • #60,241
  • Jan 16, 2025 5:45pm Jan 16, 2025 5:45pm
Is today could be a bearish day? what's your opinion
  • #60,242
  • Jan 16, 2025 6:02pm Jan 16, 2025 6:02pm
Bearish Tp 2704 and 2695, waiting for an entry
  • #60,243
  • Jan 16, 2025 6:04pm Jan 16, 2025 6:04pm
The possibility of a triple top forming is very real, however the price may retest 2720 before the dump so caution for any buys.

I'm unsure why some would interpret the most recent US macro news being bad for the USD, it's indicative of a recovering post-COVID economy with inflation stabalizing, all quite good for the USD. Throw in the upcoming tarrifs by the Trump administration and you're looking at a solid correction to contract the paper Gold market before the next bull run up to an ATH which is around when the USD will start to feel pressure from the medium/long term effects of waging trade wars. Gold is currently way overbought in such an economic scenario and any long positions should look to exit with profits locked in before the pull back to monthly moving averages.

Basically we're in for short term USD gain, Gold correcting to between the monthly 10-20 MA followed by medium term contraction of the gold market with lower daily ranges into an expansion phase which is when gold will resume its bullish trend to reach an ATH.
  • #60,244
  • Jan 16, 2025 6:06pm Jan 16, 2025 6:06pm
rejection h1..to the moon again
Telegram orderflowbuddy
  • #60,245
  • Jan 16, 2025 6:15pm Jan 16, 2025 6:15pm
Quoting Saulfx
The possibility of a triple top forming is very real, however the price may retest 2720 before the dump so caution for any buys. I'm unsure why some would interpret the most recent US macro news being bad for the USD, it's indicative of a recovering post-COVID economy with inflation stabalizing, all quite good for the USD. Throw in the upcoming tarrifs by the Trump administration and you're looking at a solid correction to contract the paper Gold market before the next bull run up to an ATH which is around when the USD will start to feel pressure...

if the waze come for 3rd time..it will break that
Telegram orderflowbuddy
  • #60,246
  • Jan 16, 2025 6:17pm Jan 16, 2025 6:17pm
Monday trump will be in the power , stocks will be booming, DXY will be strong, gold will take a bit hit downside, gold is to much overbought , correction is coming pretty soon , once gold get corrected then it will go up ,
  • #60,247
  • Jan 16, 2025 6:25pm Jan 16, 2025 6:25pm
Quoting Deal
Bearish Tp 2704 and 2695, waiting for an entry
No entry yet, 2717 area is important
Resuming no bearish confirmatiom for me
  • #60,248
  • Jan 16, 2025 6:43pm Jan 16, 2025 6:43pm
target 2749
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDM15.png Size: 11 KB
  • #60,249
  • Jan 16, 2025 6:44pm Jan 16, 2025 6:44pm
Quoting Karanjot
Monday trump will be in the power , stocks will be booming, DXY will be strong, gold will take a bit hit downside, gold is to much overbought , correction is coming pretty soon , once gold get corrected then it will go up ,
trump policy with tradewar will push gold highest
Telegram orderflowbuddy
  • #60,250
  • Jan 16, 2025 6:46pm Jan 16, 2025 6:46pm
Quoting PatienceFx
target 2749 {image}
that my brrrooooo
Telegram orderflowbuddy
  • #60,251
  • Jan 16, 2025 6:47pm Jan 16, 2025 6:47pm
Quoting ElCampeador
2705/10 may be a good buy
2710 has been the Lucky number
The warrior of good
  • #60,252
  • Jan 16, 2025 6:50pm Jan 16, 2025 6:50pm
Quoting radiantraji
Is today could be a bearish day? what's your opinion
Once it hits 2755 área
The warrior of good
  • #60,253
  • Jan 16, 2025 7:03pm Jan 16, 2025 7:03pm
Few people start the day with some nonsense statements which contradict itself by the end. Spreading confusion and misleading is dishonest.
I'm not sure what markets will be in the future. But what I can do is to have a plan. For today, there could be profits taking, since it weekend and US market will be closed on Monday. So at least until it happen, gold could try one more push.
P/S: before you believe in those 'overbought guys'. Please open the chart and look back 2024 of gold. Do you think overbought exist in an asset?
  • #60,254
  • Jan 16, 2025 7:09pm Jan 16, 2025 7:09pm
I'm doing so well lately that I haven't noticed if the market is trading against me as it has been since 2019. I don't think so, and therefore I think I'll take a break from Forex Factory. It could be permanent too.
The warrior of good
  • #60,255
  • Jan 16, 2025 7:10pm Jan 16, 2025 7:10pm
Quoting PatienceFx
target 2749 {image}
barriers

  1. 2717.46
  2. 2729.61
  3. 2739.43
  4. 2749.24

as each barrier is taken the next higher barrier is target

  • #60,256
  • Jan 16, 2025 7:43pm Jan 16, 2025 7:43pm
Quoting PushnPull
Few people start the day with some nonsense statements which contradict itself by the end. Spreading confusion and misleading is dishonest. I'm not sure what markets will be in the future. But what I can do is to have a plan. For today, there could be profits taking, since it weekend and US market will be closed on Monday. So at least until it happen, gold could try one more push. P/S: before you believe in those 'overbought guys'. Please open the chart and look back 2024 of gold. Do you think overbought exist in an asset?
Well said. Although I would add "deliberately" at the beginning of your '... is dishonest' line.
In other news: the earth is flat. Aliens built the pyramids. And god exists
  • #60,257
  • Jan 16, 2025 8:04pm Jan 16, 2025 8:04pm
All Checklist items ticked correct.
S$
Let the market play out the probability. Now, I can join you anyhow you want it.
Learn... Work Hard... Trade Alone
  • #60,258
  • Jan 16, 2025 8:08pm Jan 16, 2025 8:08pm
Quoting PatienceFx
{quote} barriers 2717.46 2729.61 2739.43 2749.24 as each barrier is taken the next higher barrier is target
verall price is flat, waiting for momentum
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDM15.png Size: 9 KB
  • #60,259
  • Jan 16, 2025 8:20pm Jan 16, 2025 8:20pm
Profit taking might dumb gold too
Telegram orderflowbuddy
  • #60,260
  • Jan 16, 2025 8:57pm Jan 16, 2025 8:57pm
Hi everyone, I wanted to share one of the indicators I use for my reversal setups. It’s been a helpful part of my algorithm, especially on the 5-minute chart for Gold trades. I’m sharing this in case it might be useful to someone here or spark some ideas.
I’d love to hear your thoughts or if anyone has suggestions for other tools or indicators that could complement it. Always looking to improve and learn from the community!
Attached File(s)
File Type: ex4 FxR.ex4   12 KB | 307 downloads
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