Dislikedi'm waiting on a retest of the 4422 low. Just lower highs and lower lows > H1 TFIgnored
1
Gold with No Drama
- #54,842
- Jun 4, 2026 11:40pm Jun 4, 2026 11:40pm
The downward movement seems to be stuck.... I don't know if it's just going to enter a pit stop to continue or if it will turn around....
Just close the sell.
The profit is enough for me
Just close the sell.
The profit is enough for me
bulls make money, bears make money, pigs get slaughtered
- #54,843
- Jun 4, 2026 11:43pm Jun 4, 2026 11:43pm
- | Joined Sep 2025 | Status: Trader | 162 Posts | Online Now
The downward movement seems to be stuck.... I don't know if it's just going to enter a pit stop to continue or if it will turn around.... Just close the sell. The profit is enough for me
- #54,850
- Edited 12:34am Jun 5, 2026 12:12am | Edited 12:34am
- Joined Dec 2012 | Status: Trader | 4,714 Posts
Gold price movements are still sideways (dominant TF D1). Sideways on large TFs like the current conditions, there is a false trend on smaller TFs.
In a sideways market, there is no dominant direction of price movement because prices move following the price structure in a sideways range in various timeframes. Price movements follow the volatility created by smart money and prices rise and fall following false trends in various timeframes.
Be carefull, Only smart money* can shape the true trends.
In a sideways market (1+1=0), the price correction structure and updated market sentiment* are very important to pay attention to.
In a sideways market, there is no dominant direction of price movement because prices move following the price structure in a sideways range in various timeframes. Price movements follow the volatility created by smart money and prices rise and fall following false trends in various timeframes.
Be carefull, Only smart money* can shape the true trends.
In a sideways market (1+1=0), the price correction structure and updated market sentiment* are very important to pay attention to.
The Average Discount Everything
- #54,853
- Jun 5, 2026 12:28am Jun 5, 2026 12:28am
- Joined Sep 2017 | Status: Trader | 11,252 Posts | Online Now
- #54,855
- Jun 5, 2026 12:37am Jun 5, 2026 12:37am
- Joined Jun 2025 | Status: Trader | 1,847 Posts
Gold Updated Analysis
Gold remains under bearish pressure after rejecting from the 4510–4515 resistance zone and breaking below the short term ascending support trendline. Price is now trading around the 4440 area where a key horizontal support and trendline intersection is being tested.
The structure shows lower highs and weak bullish momentum while the projected move on the chart suggests further downside continuation if sellers maintain control below 4460-4475. A breakdown below 4430 could accelerate the move toward 4360 and potentially 4322 support levels. However any short-term pullback toward the broken structure may offer fresh sell opportunities before continuation lower.
Key levels to watch:
- Resistance: 4455, 4478, 4500, 4531
- Support: 4430, 4410, 4380, 4350 
Gold remains under bearish pressure after rejecting from the 4510–4515 resistance zone and breaking below the short term ascending support trendline. Price is now trading around the 4440 area where a key horizontal support and trendline intersection is being tested.
The structure shows lower highs and weak bullish momentum while the projected move on the chart suggests further downside continuation if sellers maintain control below 4460-4475. A breakdown below 4430 could accelerate the move toward 4360 and potentially 4322 support levels. However any short-term pullback toward the broken structure may offer fresh sell opportunities before continuation lower.
Key levels to watch:
- Resistance: 4455, 4478, 4500, 4531
- Support: 4430, 4410, 4380, 4350
Patience
- #54,856
- Edited 12:53am Jun 5, 2026 12:42am | Edited 12:53am
- Joined Dec 2012 | Status: Trader | 4,714 Posts
for me, daily is still in bearish bias waiting for another entry
The Average Discount Everything
- #54,857
- Jun 5, 2026 12:50am Jun 5, 2026 12:50am
- Joined Jul 2011 | Status: Trader | 3,145 Posts
Holy Betting Grail strategy
- #54,858
- Jun 5, 2026 1:03am Jun 5, 2026 1:03am
{quote} I don't want to influence you, but on the D1 timeframe, the current price movement is sideways or the price movement is looking for an equilibrium level/zone, after a strong uptrend. {image}
I'm trading on the H1 timeframe as intraday trader. But thank you for your advice and warning mate.
bulls make money, bears make money, pigs get slaughtered
- #54,860
- Jun 5, 2026 1:12am Jun 5, 2026 1:12am
- Joined Sep 2017 | Status: Trader | 11,252 Posts | Online Now