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  • #78,201
  • Edited 9:30am Jun 2, 2025 9:17am | Edited 9:30am
Quoting goldsimp
{quote} Yea. the bulls are going nuts. Looking for enough supply for their orders.
next target valid BO 3434.51 ... if that happen then 3700 and bye bye 32XX
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The Average Discount Everything
  • #78,202
  • Jun 2, 2025 9:33am Jun 2, 2025 9:33am
Quoting teemuj
My analysis is that this month we will be bearish overall, now next target is to wick above that level in picture. After that I look us to make 4H TC to price to be bearish, then I start looking for shorts.. 1D - Teemu {image}

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#teamplayer
  • #78,203
  • Jun 2, 2025 9:47am Jun 2, 2025 9:47am
Quoting RoelsMajor
{quote} Lock and Closed at +0.52%. 3315 rejection so far. {image}
I just woke up and again missed the train for a Long after Range 2 break-up before Frankfurt, and the price had already gone far, 700 pips above where I closed my previous Long trade. My youngest child, a girl, likes to watch me trading and said, “Try to Sell from the top.” I noticed that today’s price has already exceeded the average ADR 21 range of 752 pips — it has moved 824 pips. Coincidentally, it’s also at the top of Range 3 right now, so I decided to go Short at 3375, with a small risk of just 100 pips (0.38%) at 3385, and a TP of 500 pips at 3325. This is not part of the trading strategy I’ve been practicing—it’s just based on gut feeling.

Good Luck and LOL cheers
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  • #78,204
  • Jun 2, 2025 10:02am Jun 2, 2025 10:02am
Quoting teemuj
{quote} {image}
Yeah, I'm thinking about it too. Last month's candle is a doji ..... A monthly candle consists of four weekly candles.
If this month's candle is going to be bearish ...... then the first week's candle should be bullish — acting as a retracement or shadow of the bearish move for the month. IMO
By the way, I caught the bullish movement during the Asian session when there was a gap. I treated the gap as an order block or demand zone. This kind of setup happens quite often in gold — when there's a gap, it can act as a zone where price react to it.
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DYOR & risk it smart ... not my call.
  • #78,205
  • Jun 2, 2025 10:04am Jun 2, 2025 10:04am
Quoting hesron
{quote} next target valid BO 3434.51 ... if that happen then 3700 and bye bye 32XX {image}
a possibility yea.

But it might choke at 3500 again. so let's just see boyss
  • #78,206
  • Jun 2, 2025 10:05am Jun 2, 2025 10:05am
Quoting navk
{quote} when gap up or gap down, go in that direction. Do not trade gap filling. This is my experience. A tip.
On Sunday open, the gap up or gap down in gold makes easier to trade. Trade in that direction.

I said this on 30 th May too.
Intraday only.
  • #78,207
  • Jun 2, 2025 10:17am Jun 2, 2025 10:17am
Quoting GhosTraderGT
If Price does does not retrace around this resistance level (3360) to 3330 then consider 3370 and then 3390/3400 as potential targets. Then maybe we can talk about retracements. {image}
Resistance broken, 3370 out. We could see 3390 during the asian session. But not sure it would exceed 3412 by end week. Would need to retrace from 3390 to achieve 3412. Till then.
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Grit; Knowledge; Right Mindset; All you need to overcome. KIS!
  • #78,208
  • Jun 2, 2025 10:21am Jun 2, 2025 10:21am
Quoting GhosTraderGT
{quote} Resistance broken, 3370 out. We could see 3390 during the asian session. But not sure it would exceed 3412 by end week. Would need to retrace from 3390 to achieve 3412. Till then. {image}
bulls next target 3396.12, as new target today ... but strong support 3370.66 - 3363.78 .......
The Average Discount Everything
  • #78,209
  • Jun 2, 2025 10:28am Jun 2, 2025 10:28am
Quoting hesron
{quote} 3396.12 as new target today
US session almost over. Momentum paused. Asian would be best bet.
Grit; Knowledge; Right Mindset; All you need to overcome. KIS!
  • #78,210
  • Jun 2, 2025 10:31am Jun 2, 2025 10:31am
Quoting GhosTraderGT
{quote} US session almost over. Momentum paused. Asian would be best bet.
Still +5 hours to go in the US session
  • #78,211
  • Jun 2, 2025 10:45am Jun 2, 2025 10:45am
Quoting navk
{quote} On Sunday open, the gap up or gap down in gold makes easier to trade. Trade in that direction. I said this on 30 th May too.
  • #78,212
  • Jun 2, 2025 11:02am Jun 2, 2025 11:02am
After 1 pm est, the price may retrace.... and then a bear trend may continue. IMO

This kind pattern i see on sunday/monday/tuesdays
Intraday only.
  • #78,213
  • Jun 2, 2025 11:17am Jun 2, 2025 11:17am
a great move of almost 850pips today. just let the ea do the job collecting $

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  • #78,214
  • Jun 2, 2025 11:55am Jun 2, 2025 11:55am
sell gold 3375 stop above the high target 3355
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  • #78,215
  • Jun 2, 2025 11:56am Jun 2, 2025 11:56am
Quoting RoelsMajor
{quote} I just woke up and again missed the train for a Long after Range 2 break-up before Frankfurt, and the price had already gone far, 700 pips above where I closed my previous Long trade. My youngest child, a girl, likes to watch me trading and said, “Try to Sell from the top.” I noticed that today’s price has already exceeded the average ADR 21 range of 752 pips — it has moved 824 pips. Coincidentally, it’s also at the top of Range 3 right now, so I decided to go Short at 3375, with a small risk of just 100 pips (0.38%) at 3385, and a TP of...
The price is consolidating within a 100-pip range. Exited 7 minutes before Powell speaks. Credit +0.20% (52 pips) for my little daughter, LOL . Let’s take another look after the red news later.
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  • #78,216
  • Jun 2, 2025 2:03pm Jun 2, 2025 2:03pm
greetings

maybe a bit out of the subject of following price for today

I have a question, if I have a wallet of 20,000 usd and use 1 lot, with leverage 1:200

and enter only on swing trades like for example when gold is down by 1%, what is the danger that I will lose all my wallet

As I have not seen gold go lower in the last 2 months more than 3% in a day and somehow rebounds, so if I use a strategy of only entering gold trade when it is about 1% down, and wait and see how it will react, and if goes down more I will add another purchase if it reached minus 2% and minus 3% , as I noticed alot of times when I use stop loss it gets hit so my goal is not to use stop loss, and just enter gold when it reaches minus 1% and will add more purchases every 1% it goes down
using same 1 lot
  • #78,217
  • Jun 2, 2025 3:00pm Jun 2, 2025 3:00pm
Quoting Fadhl
Will watch the daily close (body of the daily candle)... If price closes above 3366 at Daily TF, price will continue up. If not, price will revisit 3336 to grab liquidity and move up. {image}
The daily close will be above 3366. Hence this scenario, the revisit of 3336 is cancelled.
Price might retest 3366 and continue up.
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  • #78,218
  • Edited 7:50pm Jun 2, 2025 5:20pm | Edited 7:50pm
Today, the aDTR 21 (average Daily true range) has increased to 772 pips, so the 1/3 aDTR 21 risk today is around 257 pips, for a 1% position, that still means 0.10 lots, while in the system, BE+1 after gaining at least 1/9 of the aDtr 21, which is around 86 pips. See ya after London Open.
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  • #78,219
  • Jun 2, 2025 6:49pm Jun 2, 2025 6:49pm
Sentiment isn't too sour as VIX remains low and stock is mildly up, but gold nevertheless climbed 800 pips again yesterday thanks to USD selling and poor US data. Gold may see a retracement to 3350 / 3325 levels later today, and if the Xi-Trump talk does materialize further loss is likely, but too early to tell if this bull's run is done yet. Better to wait for a decent 1-hr / 4-hr red candle before trying to short this.
  • #78,220
  • Jun 2, 2025 7:07pm Jun 2, 2025 7:07pm
Quoting GhosTraderGT
{quote} Resistance broken, 3370 out. We could see 3390 during the asian session. But not sure it would exceed 3412 by end week. Would need to retrace from 3390 to achieve 3412. Till then. {image}
Update

3390 hit. what's next? I expect to see some retracement maybe to 3365-58. Then look out for what it intends to do.. break below or continue upwards.
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Grit; Knowledge; Right Mindset; All you need to overcome. KIS!
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