Gold with No Drama

APAC opening will be interesting. For a shorting opportunity I’d like to see a touch of around 4110-30 area. Any higher the trend could shift upwards again. But judging of how every green incremental move was smacked down by a big red candle we are definitely not in an up tren for the time being

Watching if 4175 Hold, Sell ...Green pips

More BUY if candle close above 4111

I'm expecting the price might visit 3,993 or 3910, if buyers can't hold/push the 4110 area

think about this possibility

4175 or 4075? If we break above 4120 I’d be tempted to go long else it’s down.

Just visited an offline gold shop, had a little chitchat and they said gold price is still in bullish mode. I don’t know, maybe they are right.

4175, in other words SELL 4175, cutloss if close above

Currently I see a battle between 4122 and 4139, I expect a retest at 4190 before continuing, but the price is well supported by the 50 and 220 moving averages. Complicated scenario.

red folders are back next week, i havnt missed them at all, even without news there is plenty of volatility in the market.
ill be staying out of the markets during red folder news, just not worth the uncertainty for me

In the long run, gold from early 2003–2004 until now is a long-term gain anyway. But we don’t have gold bars in a vault that we hold for 10–20 years—that’s long term. We’re gold traders, so we have to try to take money day by day, week by week, month by month so the account grows. The market has three states: bullish, bearish, and range. As traders who are active daily/weekly, we can’t be one-sided.
For example, the bull run that climbed cleanly since August was clearly mostly buys up to the all-time high until sellers wanted to push price down. Buyers tried to get back above the ATH to make a new one but failed; sellers stepped in hard and smashed in one week (from 21.10 to28.10) what buyers had built in a month maybe not all of it, but a lot. After the ATH and the next buyer attempt to make a new ATH, sellers were in control. Then we spent almost two weeks in a range, and now buyers are trying to push up again but all the way to the ATH, sellers will stay active and try to push back.
So yes, the long-term bias is long. But as I said, we are traders: we have to watch what happens per day, per week, and what happened in the prior weeks. You can have a bias, but you must be able to switch from buy to sell when the market clearly tells you to.

Unless we get out of last week Monday high or low, guys we are in a shit hole...
My opinion is short term neutral, mid and long bullish...
If anyone here wants to argue that ATH no chance, remember only this... Last week was bye bye bears and this week is the opposite...
Gold doesn't move like that...
After a run like we have since we breakout the accumulation on monthly, i don't get it why so surprise market breathe.
Where it will resume, i also don't know, but i can say i am a little surprise after we reject the last 2 weekly bullish candles and not tap 4253.975, some of you know i am suspicious when it really don't tap such levels.
However weekly end bullish closing slightly above low gap price, that means that there are buyers here, this closing prices are not random.
Is why i am going to insist, Monday have an important role next days.
A break of a monday is powerfull when it happen at the same week to the opposite side, and this week that doesn't happen.
Don't get me wrong 3892.020 is not a mirage for bears, they just don't win the battle yet. As now for bulls revisit 4229.025.
We will see a test of 4116 or 4004, that doesn't mean who win this battle.
Last Monday is still in play, you guys don't have a new one formed. Bears like it or not it still is bullish.
Weekly candle despite it is a week bullish candle it still close above 50%. So the probabilities of 50 or 75% if not 100% be filled is hight.
Again, in case of doubts the best approach is keep an eye in last monday and new one will be formed.
Safe trades.

Wow
Talk about an opening fight

It might be simple. But it’s probably best.
covering the wick.

i had an opening of buy at 4072 without sl on friday but due to opening fights & me scared a little i may have closed despite taking little profit in the process i remember brother fx has a sl at breakeven at 4060 if that trade is on and it breaks 4111 which it was failing to do closing day so my small brain is plotting cheeky moves of opening both buy and sell plotting around and above 4111 & 4032 keypoints as those what held the closing day never ever going to have an order placed from previous day lesson learn..

If you see the weekly candle you will see the exact opposite of what you’re seeing. and its Monday…

Sitting out this morning
didn’t like the way market opened today lol

Short at 4102 SL 4107
TP 4010

I removed that one after seeing the daily candle, looking for shorts instead. shorted around 4102 with SL 4107, it should touch 4008 but I will TP early

come again ?