In for long. betting on seek and destroy after asian low is done {image}
- #75,183
- Edited 9:40am May 2, 2025 9:29am | Edited 9:40am
- Joined Mar 2008 | Status: Name real with real own way | 23,418 Posts
Not understand?better not follow my analyses!doubt clearer first, risks ++
- #75,185
- May 2, 2025 9:34am May 2, 2025 9:34am
- Joined Jan 2016 | Status: Trader | 3,952 Posts
Why is absolutly eveybody so bearish? why is everyone talking about sell limit and entries for shorts? For me that alone is a sign to go for a buy. We see two big rejections from 3340 area, and for me it looks bullish on the 1 hour and 4 hour timeframes
1- From TA perspective, market moves in waves. After price reached 3500, price started dropping and price made LL(s) from Daily TF and below. So a retrace is underway...
2- From FA perspective, there is no risk in play; tariffs talks and rumors of imminent agreements are loud; and economic indicators (i.e., NFP) came inline.. These factors are all bearish on gold price.
Have a nice weekend
- #75,189
- May 2, 2025 9:50am May 2, 2025 9:50am
- Joined Feb 2009 | Status: Down to Earth! | 2,358 Posts
{quote} Usually there’s another zigzag leg, but it seems "The Markets" want to hit TP quickly today — Planning to go on vacation, lol.No worries; the trade is already at BE+. TP set back at 3220. 1/3 aDtr a day already OK. {image} {image}
EUR/NZD, EUR/AUD, GBP/AUD, and GBP/NZD seem more exciting than Gold. EUR/CAD and GBP/CAD are the toughest.Good night, guys. Have a nice weekend.
fooled by randomness in art
Meditation All Time Return:
8.9%
- #75,192
- Edited 10:53am May 2, 2025 10:30am | Edited 10:53am
- Joined May 2021 | Status: Unfollow the herd | 1,807 Posts
{quote} TP 1 3240TP 2 3230
). {image}
Gold eventually made a retest on the DT neckline. Couldn't go past 3269. Now we look to have a break & retest scenario. H4 close below MA will further fuel my bias instrument will likely continue to suffer at the hands of the bears now that China is considering trade talks with Trump.
PO for DT is still pending moreover there is a potential bearish scallop pattern with its PO at 3163, a coincidence with the D1 0.618 fib retracement level.
So TP 4 3189 and TP 5 3163 are still in sight.
Likewise we could still see a range between 3266 & 3200 level before tanking further (w.r.t. outcome of US/China trade talks). Hope it plays out. So will continue to look for Short scalps at resistance areas. Lets see what the new week brings to the table.
Happy Weekend folks.
Grit; Knowledge; Right Mindset; All you need to overcome. KIS!
- #75,195
- Edited 12:24pm May 2, 2025 11:18am | Edited 12:24pm
- Joined Mar 2008 | Status: Name real with real own way | 23,418 Posts
Not understand?better not follow my analyses!doubt clearer first, risks ++
- #75,196
- May 2, 2025 11:22am May 2, 2025 11:22am
- Joined May 2012 | Status: Senior Member | 3,112 Posts
