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  • #86,601
  • Aug 5, 2025 9:17am Aug 5, 2025 9:17am
its going to hit 3400 time to lock in!!!!
  • #86,602
  • Aug 5, 2025 9:18am Aug 5, 2025 9:18am
Hello Guys,
i think its time to explain,
the things you see about fundamentals is ISM is below forcast right?
but look at the big picture,
last 6 months it has been below 50 so if it is above 50 it shows economy is still resilient not mush big boys do when there is no big shift in the market.
that when retail traders the impaitent one's want quick profit right you dont want to hold the trade for days.
so they gets frustrated and start closing the positions and that is what happening,
most trader think nws is trading,
NEWS IS THE RESULT,
there a debate amond economist about cause and effect,
look at the cause not the effect.

i hope that explains why GOLD seems stuck.
good luck.
next i will explain NFP why it is a gamble,
hopefully soon,
because we have month of marco data i mean to collect
The Ones who make it, are the the ones who Manage RISK
  • #86,603
  • Aug 5, 2025 9:18am Aug 5, 2025 9:18am
i think gold will be go down after grabbing yesterday liquidity
  • #86,604
  • Aug 5, 2025 9:18am Aug 5, 2025 9:18am
Quoting Vic1st
Are the sellers back in action, or just a temporary correction?
To me it is SL hunting, however buying around 3370-74 is better
  • #86,605
  • Aug 5, 2025 9:20am Aug 5, 2025 9:20am
Quoting Pip.Sniper
Hello Guys, i think its time to explain, the things you see about fundamentals is ISM is below forcast right? but look at the big picture, last 6 months it has been below 50 so if it is above 50 it shows economy is still resilient not mush big boys do when there is no big shift in the market. that when retail traders the impaitent one's want quick profit right you dont want to hold the trade for days. so they gets frustrated and start closing the positions and that is what happening, most trader think nws is trading, NEWS IS THE RESULT, there a...
being a measly 0.1% point above 50 when 51.5 was forecast is still not a positive reading though
  • #86,606
  • Aug 5, 2025 9:22am Aug 5, 2025 9:22am
Quoting dartboardio
{quote} being a measly 0.1% point above 50 when 51.5 was forecast is still not a positive reading though
What's your thoughts on today move market will go up or down
  • #86,607
  • Aug 5, 2025 9:26am Aug 5, 2025 9:26am
Quoting ak5538091
i think gold will be go down after grabbing yesterday liquidity
u say what now
  • #86,608
  • Aug 5, 2025 9:26am Aug 5, 2025 9:26am
Folks... For me yesterday's daily high is BS..means nothing for the bigger picture that I focus at the weekly since the monthly picture ain't clear for now on the upside! So, weekly price levels are at 3350 support while resistance ~3397 and more important is ~3406 a base above here will trigger the target of ~3444 for this week and even higher if this weekly candle closes above ~3406

***Remember that these levels don't mean market price can't break it on daily but the importance is where will Gold price end on weekly if above or below the said levels to determine next week trading levels...
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #86,609
  • Aug 5, 2025 9:27am Aug 5, 2025 9:27am
Quoting ak5538091
{quote} What's your thoughts on today move market will go up or down
im in long to 3394 which has already been planned since yesterday just the news support the technical side of things (IMO)

everyone has their own style and opinion
  • #86,610
  • Aug 5, 2025 9:31am Aug 5, 2025 9:31am
Hey boys! I didnt trade yesterday. But tonight I trade. Took partial profit today! The 0.06 lot remain holding!
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786. The chart speaks with chaos — I answer with calm
  • #86,611
  • Aug 5, 2025 9:32am Aug 5, 2025 9:32am
Quoting dartboardio
{quote} imo delayed reaction sometimes happens, last week i recall a 30 min delayed reaction lol which had me on the edge of my seat...
Yep they still give me anxiety and adrenaline rush despite trading for about 7 years Thoughts like "did i get it wrong again", "are we back to square 1?" appear. That's where our psychology is challenged as traders.

But from a logical perspective, PMI coming out lower than expected only strengths the probability of a rate cut. So it should be bad for USD.

No big reaction though bc a rate cut is already priced in. That's where watching the FEDWatch Tool comes in handy. Big price movements stem from big changes in the positioning (obviously).

NFP already made the markets positioning for a dovish FED, so today's PMI didn't change much in the context. Thus, the reaction is slower and tamer.
You have to have an IQ higher than 90 to interact with this user.
  • #86,612
  • Aug 5, 2025 9:33am Aug 5, 2025 9:33am
Quoting dartboardio
{quote} im in long to 3394 which has already been planned since yesterday just the news support the technical side of things (IMO) everyone has their own style and opinion
i was waiting for that price also yesterday but didn't happen,and for now until close above 3385 i am not sure that will happen also,but let's start the waiting game and see where will this train take us
  • #86,613
  • Aug 5, 2025 9:35am Aug 5, 2025 9:35am
Quoting Nordling
{quote} Yep they still give me anxiety and adrenaline rush despite trading for about 7 years Thoughts like "did i get it wrong again", "are we back to square 1?" appear. That's where our psychology is challenged as traders. But from a logical perspective, PMI coming out lower than expected only strengths the probability of a rate cut. So it should be bad for USD. No big reaction though bc a rate cut is already priced in. That's where watching the FEDWatch Tool comes in handy. Big price movements stem from big changes in the positioning (obviously)....

hahaha, yes, totally agree with the 'oh no, did i get it wrong again' stay calm,stay calm
thanks for clarifying that. makes sense, and yes sometimes we just need to close the charts and tell ourselves we already did the analysis, cant control the market, now its time for the setup to play out or not.
  • #86,614
  • Aug 5, 2025 9:35am Aug 5, 2025 9:35am
Quoting ChiForex
Folks... For me yesterday's daily high is BS..means nothing for the bigger picture that I focus at the weekly since the monthly picture ain't clear for now on the upside! So, weekly price levels are at 3350 support while resistance ~3397 and more important is ~3406 a base above here will trigger the target of ~3444 for this week and even higher if this weekly candle closes above ~3406 ***Remember that these levels don't mean market price can't break it on daily but the importance is where will Gold price end on weekly if above or below the said...
In summary, if you wanna sell for this week look at ~3406 then ~3444(if possible), while buying is nothing above ~3350 that we saw price visit it today, as if forming and assuring the support there.
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #86,615
  • Aug 5, 2025 9:36am Aug 5, 2025 9:36am
I recon golds going to pump to 3400, the result isnt good and the forecast was 51.5 so with that being said we can see a rally also looking at the hourly candle and 4 hourly.
  • #86,616
  • Aug 5, 2025 9:48am Aug 5, 2025 9:48am
If this 15m and 1h candle close above yesterday high we may see more of it,but some big pocket's are in the game also
  • #86,617
  • Aug 5, 2025 9:57am Aug 5, 2025 9:57am
tp 2 is hit so let it run and we will order some steak boys
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  • #86,618
  • Aug 5, 2025 10:03am Aug 5, 2025 10:03am
I am in now ...buy high and hopefully sell higher
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  • #86,619
  • Aug 5, 2025 10:05am Aug 5, 2025 10:05am
Gold hitting 3450? Who knows. Lets just trade what we see.
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Fortune favors the brave.
  • #86,620
  • Aug 5, 2025 10:06am Aug 5, 2025 10:06am
yes my next target it fvg h4
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