EURUSD & GOLD

And gold fell, this strategy always works

Finally profits after 169 days. Just 20 days after changing trading strategy
In 20 days I went from $98 to $566 currently

[quote=PatienceFx;15399247]


Million +566 >> Billion

Good luck!

we discussed what wars are going on, we discussed gold movement from uk to us

so the only thing left to do is buy

this code is good, pips price climbed above week open 3687

Bhai Gold ab unreliable hai
Correction aane tak to haath bhi lagane ka koi matlab nahi.
Deliberate Pump ho raha hai

pata hai JAPAN hoga, this is why i always book profits before it reaches N

Bhai baat ka matlab nahi samajh aaya, Sirf profit booking ki theory samjh aayi

find answer here

in gold trading always collect quick profits because price always retraces

next profit taking at 3748

from 2600 people are saying gold will fall

correct way is to collect quick moves

another buy taken for 3748

ye school mein millennials ka acronym tha.

Anyways

Apprently target seems moreover to 3800
and range maybe 3710-3800 for next fortnight for support of 3710, or else expected supprt zone 3450-3550.
Lot of dark areas created since gold broke 2100

Multi-Timeframe Market Structure Analysis
Weekly Chart (Big Picture Trend)

1. Observation:
   Gold has been in a strong, uninterrupted uptrend since mid-2023. After consolidating between $2,600–3,200, price has broken out to fresh all-time highs near $3,780–3,800.
2. Trend: Extremely bullish. Each breakout is followed by a shallow pullback and continuation.
3. RSI: Extended but still below extreme overbought on weekly → trend is sustainable.

Key Weekly Levels:

1. Support: $3,500 – 3,550 (last breakout zone)
2. Major Support: $3,200 – 3,250 (multi-month consolidation base)
3. Resistance: $3,900 – 4,000 psychological zone

Daily Chart (Swing Trading View)

1. Observation:
   After weeks of sideways movement, Gold broke higher above $3,500 and has rallied explosively. Price is now testing the $3,780–3,800 zone.
2. Trend: Clean bullish impulse wave; no major pullback yet.
3. Momentum: RSI around 70 → strong but starting to approach overbought.

Key Daily Levels:

1. Resistance: $3,800 → first test, could trigger short-term profit-taking.
2. Support: $3,600 – 3,650 (breakout retest zone)
3. Deep Support: $3,450 – 3,500

H1 Chart (Intraday & Scalping)

1. Observation:
   On the 1-hour chart, Gold is in a parabolic rally with almost no pullbacks. Small consolidation phases were bought aggressively.
2. Trend: Short-term trend extremely bullish but overextended.
3. Momentum: RSI very high → a pullback or consolidation is likely before next leg.

Key H1 Levels:

1. Immediate Support: $3,720 – 3,740
2. Next Support: $3,660 – 3,680
3. Micro Resistance: $3,790–3,800

Trading Plan (Buy/Sell, SL/TP)
Buy Setup (Trend Following – Safer Play)

1. Entry Zone: Wait for pullback towards $3,700 – 3,720
2. Stop Loss (SL): Below $3,650
3. Take Profit (TP):
   1. TP1 = $3,800
   2. TP2 = $3,850
   3. TP3 = $3,900–4,000 (psychological target)

Sell Setup (Countertrend – Risky)

1. Entry Zone: Short at $3,800 – 3,820 resistance (only if rejection candle forms)
2. Stop Loss (SL): Above $3,850
3. Take Profit (TP):
   1. TP1 = $3,720
   2. TP2 = $3,660

Summary

1. Bias: Strongly bullish across all timeframes.
2. Best Strategy: Buy dips, don’t chase highs.
3. Intraday Idea: Watch for a short-term rejection near $3,800 → quick sell scalp possible, but big money is still on the long side.
4. Medium-Term: As long as Gold stays above $3,600, the target towards $3,900–4,000 remains intact.

since Iam short positioned by the EA Iam using, I would love to see a 220 pip drop in asian session

I actually have no idea why it has taken that sell order… right at the bottom of that US Session range low…

It is all basics if RSI is above the 50 level then price is bullish not to be sold

The slingshot method in Bollinger bands says that when the bands squeeze there is a high chance of a big movement

Combined that with RSI position and we know which direction to go

Well everyone have their own methods end goal is to earn profits

Every time I see an indicator I first go to mql 4 to find out what is the code how is it written
Like mfi or money flow index is typical price * volume

MFI/OBV comparison:

OBV: simple line, shows the direction of volume flow (accumulation/distribution trend), whether the market is red or green
MFI: oscillator 0–100, shows overbought/oversold areas with volume included.

Simple conclusion:
• You use OBV when you want to see if the volume confirms the trend (trend following).

• You use MFI when you want to see if the market is tired / overbought / oversold (momentum + volume).

i took a trade and went for a bath, coming back i see it completed nicely