Attachments: Gold with No Drama

Gold with No Drama

#48,161
Apr 30, 2026 3:32am Apr 30, 2026 3:32am

louiiey
Joined Nov 2025 | Status: Trader | 612 Posts

Quoting Whale

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Blame Japan.. lol

Ignored

Nothing to do with Japan lol it's just the fed reaction

#48,162
Apr 30, 2026 3:35am Apr 30, 2026 3:35am

bullearish
| Joined Apr 2026 | Status: Trader | 22 Posts

Quoting SibiSh

Disliked

Dont worry about these green candles Its just a normal pause after a big move. As long as price stays below 4670-80 it will likely move down toward 4520-30 {image}

Ignored

I agree with you to an extent. I’m not treating the current green candles as a full bullish reversal yet either — for me it still looks more like an impulsive recovery into a higher liquidity/resistance zone.
My short-term structure has turned bullish after price reclaimed the 4580–4600 area, but I still don’t like chasing longs here around 4630–4640 because price has already moved sharply from the lows. This is exactly the type of area where price can pause, grab liquidity, then retrace.
The key zone for me is still 4670–4680. As long as gold stays below that area, I agree there is a good chance we see a pullback/retracement first. The areas I’m watching below are around:
4607
4589–4590
4570
and if momentum really fades, then 4520–4530 becomes very possible.
So my view is similar: I’m not bearish just because of the green candles, but I’m also not convinced this is the full move back up unless price breaks and holds above 4670–4680.
For now, I see it as bullish short-term momentum into resistance/liquidity, with a retracement still likely unless buyers can clear that upper zone properly.

#48,163
Apr 30, 2026 3:36am Apr 30, 2026 3:36am

Traderview
Joined Sep 2017 | Status: Trader | 4,493 Posts

Quoting Whale

Disliked

Blame Japan.. lol

Ignored

what's the news with japan

#48,164
Apr 30, 2026 3:46am Apr 30, 2026 3:46am

SibiSh
Joined Jun 2025 | Status: Trader | 1,860 Posts | Online Now

Quoting bullearish

Disliked

{quote} I agree with you to an extent. I’m not treating the current green candles as a full bullish reversal yet either — for me it still looks more like an impulsive recovery into a higher liquidity/resistance zone. My short-term structure has turned bullish after price reclaimed the 4580–4600 area, but I still don’t like chasing longs here around 4630–4640 because price has already moved sharply from the lows. This is exactly the type of area where price can pause, grab liquidity, then retrace. The key zone for me is still 4670–4680. As long as...

Ignored

Thanks bro and good explanation.
IMO if there will be any extension that could be 4720-30 but will wait for NY.
Today is the last day of the month so it can move on both ways as well.

Patience

#48,165
Apr 30, 2026 3:50am Apr 30, 2026 3:50am

bullearish
| Joined Apr 2026 | Status: Trader | 22 Posts

Quoting SibiSh

Disliked

{quote} Thanks bro and good explanation. IMO if there will be any extension that could be 4720-30 but will wait for NY. Today is the last day of the month so it can move on both ways as well.

Ignored

Agreed mate. 4720–4730 makes sense as an extension target if NY gives continuation and we get proper acceptance above 4640–4650 / 4670–4680.
Also agree on month-end — flows can distort the move both ways, so I wouldn’t force anything here. For me it’s confirmation over prediction: if NY supports the bid, I’ll watch higher supply; if it fails, I’ll look for the retrace back into the key support zones.

#48,166
Apr 30, 2026 4:06am Apr 30, 2026 4:06am

Bloodwish
| Commercial User | Joined Dec 2023 | 2,121 Posts

Quoting Bloodwish

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https://www.youtube.com/watch?v=Kw8ErUhoQZ0

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Target hit

#48,167
Apr 30, 2026 4:08am Apr 30, 2026 4:08am

louiiey
Joined Nov 2025 | Status: Trader | 612 Posts

Can someone explain to me why so many of you think it will drop further? I’m confused why so many people here are discussing it dropping and why this bounce isn’t being treated as resistance for the current fundamental situation.

I mean this sincerely, I’d like to hear anyone’s thoughts.

#48,168
Apr 30, 2026 4:14am Apr 30, 2026 4:14am

Daaimali
Joined Jan 2018 | Status: Trader | 401 Posts

Quoting SibiSh

Disliked

Dont worry about these green candles Its just a normal pause after a big move. As long as price stays below 4670-80 it will likely move down toward 4520-30 {image}

Ignored

Agree
Overall trend is bearish.
Keep doing good work

#48,169
Apr 30, 2026 4:16am Apr 30, 2026 4:16am

Whale
Joined Jun 2013 | Status: Trader | 14,554 Posts

Quoting Traderview

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{quote} what's the news with japan

Ignored

They're intervening in the market like in 2022.
Selling $ buying yens.

will not help long terms..

#48,170
Apr 30, 2026 4:16am Apr 30, 2026 4:16am

CedFx
| Joined Nov 2022 | Status: Trader | 53 Posts

Quoting CedFx

Disliked

{quote} Update: Still on this trade, trailed stops still at 4610.94. It seems that there's not enough volume to drive this down it doesnt even retest the previous daily high just yet even after an hour. Might see another spike up if there's no sellers stepping in. Trade safe! Good Luck! {image}

Ignored

Update: Trailed stops higher again as we push more. Tighten my stop as we approach higher key level.
price action also shows exhaustion and buyers might reload soon. How soon is the question.

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#48,171
Apr 30, 2026 4:18am Apr 30, 2026 4:18am

GoldGod
Joined Oct 2024 | Status: Trader | 1,433 Posts

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GoldGod Flip3 Return Today: na

#48,172
Apr 30, 2026 4:19am Apr 30, 2026 4:19am

smart212
| Joined Mar 2026 | Status: Trader | 32 Posts

Quoting Traderview

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{quote} what's the news with japan

Ignored

maybe because news BOJ keep their rate steady

#48,173
Apr 30, 2026 4:19am Apr 30, 2026 4:19am

Huzaifa88
Joined Feb 2025 | Status: Trader | 1,208 Posts

Yuan has gained strength against dollar leading to fall of dollar from peak 160 to 157 which lead to massive move in gold and simultaneously Brent crude oil fell from 121 to 114 now
Till now it's situational bias being bullish for gold
Overall unless 4900 is broken range and bearish is outlook for gold
As per my analysis

#48,174
Apr 30, 2026 4:21am Apr 30, 2026 4:21am

enarco
| Joined Feb 2020 | Status: Trader | 710 Posts | Online Now

Quoting louiiey

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Can someone explain to me why so many of you think it will drop further? I’m confused why so many people here are discussing it dropping and why this bounce isn’t being treated as resistance for the current fundamental situation. I mean this sincerely, I’d like to hear anyone’s thoughts.

Ignored

That is a beautiful question and sorry for my long reply. It is the shorts that will take this much higher. So the negativity is needed for all of this to play out with AU and to some extent AG.

This latest reversal aka whipsaw in AU is synched with the Yen getting BOJ intervention. More printing money.

That is the theme right. Money is being printed for everything. Markets are near dotcom bubble valuations. A generation or maybe now 2 have never seen a proper recession. It has been nuts. 25 years or Greenspan do everything possible to avoid recession of a proper function economics. It has been nuts and maybe goes on for a while longer...but gold does what it does for a reason. It is fucking around at $4600 for a reason and there are trillions of reasons printed out there that are losing value daily.

And because AU and AG went parabolic it seems like easy money to be on the short side of all of this. The scalpers will be able to play it both ways but the theme should still stay the same.

And I have not even gotten into housing bubble bullshit right. In Canada right now the housing crisis is just starting. Money printing and debt and market valuations near dotcom bubble and all this international baby boomer let me win a war before I die bullshit.

#48,175
Apr 30, 2026 4:23am Apr 30, 2026 4:23am

Huzaifa88
Joined Feb 2025 | Status: Trader | 1,208 Posts

Quoting Aliharisbutt

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{quote} but todays candle is strong bullish and h4 has big engulfing

Ignored

Wait until daily closes to declare any macro statement
And no matter how strong move is
When ever the market goes impulsively the fall comes with same intensity
So don't fomo
And perhaps you haven't experienced the market much that is why you are being too much biased rn (it can continue higher no one knows but what we should keep realistic approaches when considering financial markets rather than seeing this as a video game iykyk

#48,176
Apr 30, 2026 4:25am Apr 30, 2026 4:25am

azhantahir
Joined Jun 2020 | Status: NY flip project. Probability games | 3,521 Posts

Quoting azhantahir

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{quote} time to hunt for the next 4th entries. {image} {image}

Ignored

Just end London with another breakout. Bullish still in progress.

NY is going to be scary

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Look right, we'll see the signs

#48,177
Apr 30, 2026 4:27am Apr 30, 2026 4:27am

Aliharisbutt
| Joined Apr 2026 | Status: Trader | 330 Posts

Quoting Huzaifa88

Disliked

{quote} Wait until daily closes to declare any macro statement And no matter how strong move is When ever the market goes impulsively the fall comes with same intensity So don't fomo And perhaps you haven't experienced the market much that is why you are being too much biased rn (it can continue higher no one knows but what we should keep realistic approaches when considering financial markets rather than seeing this as a video game iykyk

Ignored

yeah you are right and my thinking is also same according to my 2 months experience. I am exactly considering the same what you are saying.

#48,178
Apr 30, 2026 4:28am Apr 30, 2026 4:28am

Huzaifa88
Joined Feb 2025 | Status: Trader | 1,208 Posts

Quoting Aliharisbutt

Disliked

{quote} and 4450 is our target or not

Ignored

Same answer from my side its all about probabilities
Target or not (what do you expect me to answer? Should I state this 100% confirm ( never ) it's totally an immature statement
Unlike other professions trading is never about being right it's all about probabilities with edge
So ask yourself are you approaching the Market the way it is to be approached or are you wishing (other than analysis) for market to go where you want

Obviously it can go and cannot go
Here bias Is always dynamic never static
What matters is
We take advantage of every situation which fit as per our models
Simple

#48,179
Apr 30, 2026 4:28am Apr 30, 2026 4:28am

pray4pips
| Joined Nov 2024 | Status: Trader | 39 Posts

For the short term, Gold is currently going up to retest last week's Value Area Low, which also happens to be a virtually Naked POC from Monday.

#48,180
Apr 30, 2026 4:35am Apr 30, 2026 4:35am

louiiey
Joined Nov 2025 | Status: Trader | 612 Posts

Quoting enarco

Disliked

{quote} That is a beautiful question and sorry for my long reply. It is the shorts that will take this much higher. So the negativity is needed for all of this to play out with AU and to some extent AG. This latest reversal aka whipsaw in AU is synched with the Yen getting BOJ intervention. More printing money. That is the theme right. Money is being printed for everything. Markets are near dotcom bubble valuations. A generation or maybe now 2 have never seen a proper recession. It has been nuts. 25 years or Greenspan do everything possible to avoid...

Ignored

I'm with you on most of this. I don't think the BoJ plays a massive part in gold price but yeah largely speaking: more money printed and they can't print gold so gold logically has to trend upwards always.

That being said; central banks are also accumulating more gold than they are selling currently, the US dollar is slowly losing it's share of global strength, rates are steady and cuts are still expected in the long run.

Regardless of these facts, I always read posts in here and in other corners of the internet saying gold will crash. So often so that I would just genuinely like to hear some good reason behind it. I will happily admit when I'm wrong and ultimately I don't care where price ends up. I just wish to stay as informed as possible and would hope that if people are stating their opinions in here about gold dropping, as if they were fact, that they would at least have some foundation for that opinion.