Gold with No Drama

Went long at 5168 TP is 5235-5250

Will look for longs in the next hour

any direction on the coming 1H candle ?

BUY

Why not?

During normal markets:
Gold USDZAR / USDMXN / USDNOK = strong inverse correlation

stopped at 5175 but i was told no double top or btm for gold.

5175 seems to a resistance zone. Not tested the overnight highs yet either. Might quit at b/e

Thanks bro

NO PAIN, NO GAIN bro.

you still long mate?

I am shorting.

TP 4972, SL 5190

The only large area thats not been covered the whole way up. IMO it WILL test this area. Possibly 6 months, possibly sooner.

[quote=canyouu;15598704]Sometimes a trade like this could be a retracement for the sells to resume again and I have said it here a couple of times that a retracement and a complete change of trend all has similar characteristics or they are simply similar so when a sudden unexpected move starts it's harder to identify whether it's a retracement or complete change of trend until it breaks market structure or it breaks major zones, with this particular trade i think it will it will buy more since it moved above 5135 but then again 5195 is also a sell zone and can resume the sells since price already retraced up enough but looking at how price started buying and disobeyed the major sell setups after today market open , it makes me want to believe this is not a strong bearish market as it portrayed yesterday but rather a volatility disguised as a strong bearish momentum

As long as the price is above 5135–5120, short-term control is with the buyers and buys will remain the priority.
A strong break below 5120 will restore bearish control and activate the sell scenario.

No bro. Got to presserve ma life. So i exited while i'm still healthy

5175 still holding

so the 8am drop looks a fake out as we have since recovered. maybe today will be less volatile with a bullish move up until NYO. 5180 has rejected a few times too so move up could be limited. Overall looking for a move above 5230. Any move above that will be a bonus as the bullish trend looks weak overall

a break below 5140 would signal sells imo.

4 PM UTC trap (it will go down)

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