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  • #75,661
  • May 8, 2025 2:05am May 8, 2025 2:05am
I tried marking some levels with supply and demand and this one failed, but curious to know why? and why the price bounced off the 3435 while there is no unmitigated supply? (I believe) some help would be appreciated.
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  • #75,662
  • May 8, 2025 2:10am May 8, 2025 2:10am
Quoting RoelsMajor
{quote} Today, gold’s manipulation is at its peak performance; a trader needs the ability to dance both below and above the Moving Average, a fixed take-profit, and a Break Event feature to prevent losses. {image}

at its finest. Was better to say out and be patient to see where PA will be headed to.
Grit; Knowledge; Right Mindset; All you need to overcome. KIS!
  • #75,663
  • May 8, 2025 2:23am May 8, 2025 2:23am
Quoting sajad.g
I tried marking some levels with supply and demand and this one failed, but curious to know why? and why the price bounced off the 3435 while there is no unmitigated supply? (I believe) some help would be appreciated. {image}
for anyone wondering the same, it's a trap. The overall orderflow is bearish for now until we get to some higher timeframe demand zones. since the overall move is bearish it's expected to go through the demands and after the liquidity grabs it's better to wait for other supply zones to short as continuation.
  • #75,664
  • Edited 2:53am May 8, 2025 2:31am | Edited 2:53am
open computer to see levels , ok earliest limit 3335 broken , long close below that though , next real pullback goes 3350 amd 63 , but above 3350 should be real unlikely!

so testing 3350 . rejection was likely . now breaks down 3342 but signal need at 3339.70 for next leg down ! watching
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #75,665
  • Edited 3:43am May 8, 2025 2:44am | Edited 3:43am
I will short if price pullback and entry the zone
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DYOR & risk it smart ... not my call.
  • #75,666
  • May 8, 2025 2:52am May 8, 2025 2:52am
Quoting RoelsMajor
{quote} Today, gold’s manipulation is at its peak performance; a trader needs the ability to dance both below and above the Moving Average, a fixed take-profit, and a Break Even feature to prevent losses. {image}
London has opened. I’m not going to do anything today — the Asian session opportunity has passed, range allready 945 pips; but I’ll patiently wait for the price to return to the 50 EMA and then move down again. I might target a 2R trade, since my first two currency trades were losses today. On the risk side, one-third of the 21-period ADR is 848 / 3 = 283 pips, so my trade would have a 283-pip stop-loss (open lot 0.06, 0.5%, 33,075 Equity); and an initial 566-pip take-profit. I’m looking for a sell opportunity (so far).

Always Lol
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fooled by randomness in art
Meditation All Time Return: 8.9%
  • #75,667
  • May 8, 2025 2:53am May 8, 2025 2:53am
Quoting MrGoldie
3430 good fall ,3384 broke h4 3358 next As I am not married to my bias like someone said here 3358-50 holds for uplimit 3474 3509 (FOMC,War tensions) Bias is bearish, below 3323 minimum target 3060 {image}
Hit targ 3323
Below a massive selling opportunities,
Now sideways to 3358-64
Be prepared for the Global Panic
  • #75,668
  • May 8, 2025 2:59am May 8, 2025 2:59am
Quoting GhosTraderGT
{quote} at its finest. Was better to say out and be patient to see where PA will be headed to.
More reason not to trade gold with a single price chart. I need confirmation from other charts to take a decision. It is safer for me.
On different charts on the D1 TF,

Oanda - Inside bar (Indecision)
CMC - Darkcloud (Bearish)
TVC/FX - Pipe Top (Bearish)
Velocity - Harami (Indecision)/Seemingly bearish - Green Mother bar and red baby bar.

This also happens on H4-H2 on these charts(different Candlestick PA). But PA on H1 TFs downwards align (or are uniform).
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Grit; Knowledge; Right Mindset; All you need to overcome. KIS!
  • #75,669
  • May 8, 2025 3:11am May 8, 2025 3:11am
The RSI broken its 30 level at 3365 level
it's better to wait for 3355 to 3367 area if you are a buyer
on the other hand if you are a seller than take a short sl will be 3367 tp 3305
Best of Luck....................................
  • #75,670
  • May 8, 2025 3:33am May 8, 2025 3:33am
Quoting SCopier
Closed short for now waiting for short again {image}
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  • #75,671
  • May 8, 2025 3:44am May 8, 2025 3:44am
"It seems simple on the surface, but in reality, it's far more complex."
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`“Edge = Faith + Truth + Patience + Discipline + Execution.”`
  • #75,672
  • May 8, 2025 3:47am May 8, 2025 3:47am
Quoting sajad.g
I tried marking some levels with supply and demand and this one failed, but curious to know why? and why the price bounced off the 3435 while there is no unmitigated supply? (I believe) some help would be appreciated. {image}
Because supply and demand doesn't exist in forex.
  • #75,673
  • May 8, 2025 3:51am May 8, 2025 3:51am
so scalping for 3332/27 plays now breaks need 3337
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #75,674
  • May 8, 2025 3:57am May 8, 2025 3:57am
Quoting Aphaynes
{quote} Because supply and demand doesn't exist in forex.
what moves the market then? I mean which concepts
  • #75,675
  • May 8, 2025 3:59am May 8, 2025 3:59am
Quoting fontu
so scalping for 3332/27 plays now breaks need 3337 {image}
Hey Fontu,
Can you say what the arrow indi is you are using on the lower time frames?
Thanks
Its all just one persons opinion
  • #75,676
  • May 8, 2025 4:01am May 8, 2025 4:01am
Quoting itz.shaidsk
"It seems simple on the surface, but in reality, it's far more complex." {image}
Consider this fallacy of economic calculation when reading the article, and then don’t proceed because the first assumption is flawed. A 1:3 risk-reward ratio with a system that has a win rate below 50% won’t achieve any gains. Now, what is your minimum stop loss? When trading gold, the minimum stop loss is only 30 pips—they get hit in no time and you will have 10% win rate system; except you are trading EUR/GBP. And what percentage of your account is at risk on each position?
fooled by randomness in art
Meditation All Time Return: 8.9%
  • #75,677
  • May 8, 2025 4:03am May 8, 2025 4:03am
Quoting sajad.g
{quote} what moves the market then? I mean which concepts
Money, Nothing else. Big banks and financial institutions put around 90% of the money through the market. They don't care what your lines on a chart say.
It's not a coincidence that 95% of traders use support and resistance/ trend lines, and 95% also lose money.
  • #75,678
  • Edited 5:35am May 8, 2025 4:06am | Edited 5:35am
Quoting axecap
{quote} Hey Fontu, Can you say what the arrow indi is you are using on the lower time frames? Thanks
ASCT trend i alert i found in this forum , search it / thanks

Quoting fontu
so scalping for 3332/27 plays now breaks need 3337 {image}
Back and as below 3332 close short to see what next!!

Try bounce towards previous top !
So testing previous top , now limit 3351
Pullback 3339 may retry for limit
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #75,679
  • May 8, 2025 5:12am May 8, 2025 5:12am
Quoting Aphaynes
{quote} Money, Nothing else. Big banks and financial institutions put around 90% of the money through the market. They don't care what your lines on a chart say. It's not a coincidence that 95% of traders use support and resistance/ trend lines, and 95% also lose money.
check the volume profile and use deviations and you will find that support/resistance exist but more like supply and demand zones .
  • #75,680
  • May 8, 2025 5:17am May 8, 2025 5:17am
I think gold is just making new lows for all the big players to get good entries before employment news because they know its going to be bad news for usd which is going to push gold up
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