Gold with No Drama

you are absolutely right. But i preffer every trader if they want earth as a better planet. Only bet long long and long. At your daily support go long or go home. Because this planet also needs a strong support. Only make your resistance higher and higher. Alliens are coming tho lol. So go long long and long as much as you can. Stay out of shorts everyone. Only to make this planet a better place.

I get your point. But I am not comfortable shorting this area at all. Moreover Asia set a high at 4582 last week. I don't see them setting the high for the dump.

If Gold is gonna go bearish it simply means Dollar is getting stronger and bullish if dollar is weaker.

So if the deal goes through there would be peace and gold is gonna tank massively and if it doesn’t gold is gonna pump heavily

MY POV

Happy week ambitious XAU traders!

You never know what this week will bring.
Historically the last week of May and early June have sizable moves, so expecting to see some uncoiling in either direction.

TRADING PLAN:
Focusing on the H1 & H4, taking every trade that fits the profile.
Extensive optimization on MT5 - so far, very profitable. The longer holds are the best.
Moving into $GBPJPY as well, big trends live there too.

Still long $EUR it gapped up which is great!
$BTC just following the H1 & H4 same as $XAU.

Wishing you all a awesome week!

my weekend trade
outlook
thank fully as mentioned on friday breakeven was sit
so didnt lose
thankfully

lol.

waiting 4525 to 4530 retracement and conso then ill buy,,,trade safe

imo, we are still in 4500-4750th range.., and “we are” still in doubt if gold is overvalued.., or no..,
overbought or oversold have no role here..,

”comfort” zone is important.., but to see “new places” you need to let you step out (?!)

take care

Lovely open!
Trading the open on the M1 chart, only exception to my rules is the Sunday open.

SUNDAY OPEN TRADING PLAN:
- Trade the first 3 - 1 minute sequences using the PSAR w/0.02 settings.

That's it that's all, super simple, profitable every week for this last month.

Be back for the London Open, except London, won't be open, so we'll see if the low liquidity causes some nice peaks and valleys.
Not expecting much however there is always the chance of a surprise.

Tuesday however could be a very big day, they have to happen every once in a while and it's been a while so odds are, it's coming.
Keep your algos sharp!

So the thesis holds true. Trump can't keep on rolling with war.

Shorts piled on.

Lets see if it progresses.

I will enter at 4535–4540 if the price consolidates there and the bulls remain strong, with a take-profit target at 4621.. SL: 4524–4528 trade safe guys

Price likely to descend from current price
weekly 50% rejection
along with some technicals as per my analysis

AND I WONT THINK TO GO LONG UNLESS GAP IS MITIGATED
I MOST OF THE TIME FIND IT TRAP TO CONTINUE HIGHER WITHOUT GAP FILLING

4800 by Friday.

Someone wants a Nobel Peace Prize. lol

My trading style is based on price action and market reaction, not personal bias. I follow the direction the market gives me, manage risk with a predefined stop loss, and let the trade develop naturally. Discipline first, emotions last. Trade safe.

I like to see gap downs at Gold and SP500 to go long with mind in peace (usually). But, when gap up at weekend openings, it is difficult to trade for me. It is not easy to close gaps with shorts, because I don't like shorting those 2 instruments. Psychologically difficult for me because I have bullish overall bias for both. But, it is also difficult to go long because it have became already too high to go long. Better restrain desires of trading until gap close (at least partially).

Also, Trump gives mixed signals as usual. After so positive news, he said that Blockade will continue until agreement is signed. Which agreement? Ceasefire extension or final peace agreement. If it is second one, oil may jump up again and Gold/SP500 down.

Sidelined now.

I advise everyone to go long, the real story comes from Mexico regarding Silver, Mexican government closed great number of silver mines for 120 days it is to be said that it's an environmental and water issues but the real storey is a bit wider, this leaves the London Vaults having some short silver ounces of 60 million during thus 120 days. S I expect gd to edge higher.

It was huge news coming over the weekend, really it was terrible, so i advise you all to check what was on the wires first before starting any positions. Also the Iran / Israel/ Trump story was a headache, so things might ve heading north with a retreat seems so hard, or at least till Warsh news conference on June 17th , which I believe will imitate new theories in fighting inflation.

Shorty 4590 gets taken out what will you do?

I hope pile in more. Take on more please.

My Current plan on XAUUSD:
• Preferred long entry: 4552–4555 on a confirmed bullish retest
• Risk invalidation: Below 4540
• Targets: 4600 → 4621
Patience and execution matter more than prediction. Let the market confirm the move first. trade safe guys

Monthly is averaging that is at 4566.17 and weekly at 4558.66 a break above in 1h TF can trigger 4610 and 4621.
Personal opinion, around this time of month is what they tipical do when there are not a strong trend in place, or they do it at this week or in the next, it looks like will be this one.
Weekly was broken but not monthly, just caution about selling... They are pretty line up, not as i like but as zone both are.
The probabilities of comeback to POC starts beeing very high...
Safe trades.