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  • #75,221
  • May 4, 2025 5:18pm May 4, 2025 5:18pm
I'm back, alive and kicking. What did I miss.
Price shows movement, Time shows meaning.
  • #75,222
  • May 4, 2025 5:27pm May 4, 2025 5:27pm
Judging the news, wars and even Buffet's declarations, US Dollar is on the way down. That means gold will go up. It's just finding the right spots to come in. And i think 3240 is a good long until 3260 where it has a big resistance.
  • #75,223
  • May 4, 2025 6:42pm May 4, 2025 6:42pm
good morning, god started at 3239 near the lows of last week
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  • #75,224
  • May 4, 2025 6:47pm May 4, 2025 6:47pm
asian fx market is not open yet. already 10 points movement. something is going on may be.
  • #75,225
  • May 4, 2025 6:47pm May 4, 2025 6:47pm
Quoting PatienceFx
good morning, god started at 3239 near the lows of last week {image}
for this trade my first target is 3289 the may month open
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  • #75,226
  • May 4, 2025 6:59pm May 4, 2025 6:59pm
do you think this is a bull trap or really in favor for gold for first day of the week Bullish?
  • #75,227
  • May 4, 2025 7:08pm May 4, 2025 7:08pm
i am going purely with may month levels, expected rate cut this week
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  • #75,228
  • May 4, 2025 7:39pm May 4, 2025 7:39pm
Quoting PatienceFx
i am going purely with may month levels, expected rate cut this week
What? Do you mean USD? The FED? Who is expecting?

The Federal Reserve is not expected to cut interest rates at its upcoming May 6-7 meeting. Despite pressure from President Trump to lower rates, Fed Chair Jerome Powell has signaled a cautious approach, citing inflation concerns and economic uncertainty.

Markets are watching closely for any hints about future rate cuts, with many analysts predicting that the Fed could begin lowering rates in June if economic conditions worsen. For now, borrowing costs are likely to remain unchanged.

MAY THE TREND BE WITH YOU
  • #75,229
  • May 4, 2025 7:56pm May 4, 2025 7:56pm
Quoting Dominicus
do you think this is a bull trap or really in favor for gold for first day of the week Bullish?
No, with all the uncertainties currently at hand, I'm surprised at gold's recent downturn. I'd say gold is in a bear trap right now and it will soon get out.
  • #75,230
  • May 4, 2025 8:03pm May 4, 2025 8:03pm
Watch out and keep an eye on Yemen-Iran vs Israel news. Gold might go up...
  • #75,231
  • May 4, 2025 8:13pm May 4, 2025 8:13pm
Trump announces more tariffs - plans 100% tariff on all porn movies produced overseas
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  • #75,232
  • May 4, 2025 8:15pm May 4, 2025 8:15pm
Quoting PatienceFx
{quote} for this trade my first target is 3289 the may month open {image}
as expected, price blasted off
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  • #75,233
  • May 4, 2025 8:33pm May 4, 2025 8:33pm
https://www.forexfactory.com/thread/...6#post15235906
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  • #75,234
  • Edited 9:30pm May 4, 2025 8:39pm | Edited 9:30pm
short at : 3266.5
Sl : 3276.50(cloded at 3264) +25pip
Tp : open
-------------
Add short at : 3264
Sl : 3274(closed at 3264) 0pip
Tp : open
  • #75,235
  • May 4, 2025 8:55pm May 4, 2025 8:55pm
Quoting OutThere
{quote} No, with all the uncertainties currently at hand, I'm surprised at gold's recent downturn. I'd say gold is in a bear trap right now and it will soon get out.
I thought so too but the Bear Trap soooo deep almost over 300 poins since the last ATH
  • #75,236
  • May 4, 2025 8:59pm May 4, 2025 8:59pm
Check that level, what is happening in your world?
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MAY THE TREND BE WITH YOU
  • #75,237
  • May 4, 2025 9:08pm May 4, 2025 9:08pm
friday high scraped

scrapped is a different word with a different meaning
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  • #75,238
  • May 4, 2025 9:31pm May 4, 2025 9:31pm
Quoting PatienceFx
friday high scraped scrapped is a different word with a different meaning {image}
anything above 3289 and i will keep my 3248 long open till may month ends
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  • #75,239
  • May 4, 2025 9:38pm May 4, 2025 9:38pm
to put rsi on chart there is a compiling trick used.
first compile as chart_window
then after placing on chart compile as separate_window

it leaves the rsi hanging on the chart
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  • #75,240
  • May 4, 2025 9:43pm May 4, 2025 9:43pm
Quoting PatienceFx
to put rsi on chart there is a compiling trick used. first compile as chart_window then after placing on chart compile as separate_window it leaves the rsi hanging on the chart {image}
the benefit is in reading the rsi alongside price which helps in quick decisions
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