Gold with No Drama

The Picture has been painted and is clearer than ever.

Like my yesterdays post Institutional orders are placed at 5600, 4700-4800 and most recent ones being 4530-4540/4517

We are in June last month of Q2.

When prices reach all time high again we will have experience other people won't have.

This recession is absolutely normal.

If you had let's say 10 ounces of gold. You saw price dropping drastically would you not want to sell it?
Or price reaching such a high amount you would want to sell it.

Now please read this:
This political and economic war is not doing good for gold however it opens a very secret doorway which no one talks about. This is a very good opportunity which gold is positioning for a very long term investment.


We have seen how strong the buyers have been after 4100 drop coming close to 5000.

I'm expecting gold to swing lower to 4000 possibly extending to 3900 over the course of the next couple of weeks.

It's not me who's saying this. The chart is telling us that.
Check Weekly and look and liquidity ranging 4000-3920.

With this news it was the perfect time to make a such move today on gold. It was inevitable one way or the other. If this move wouldn't of happened we'd just likely see a delayed sell off maybe a week delay or so.

Anyway I just want to build you guys the clear picture.
Look at the ways gold is structuring long-term.

Gold was sitting on 3400 last year so don't be scared thinking it will go lower because it will.

People are too attached to seeing gold starting with a 4 we have seen this went gold dropped below 5000.

Gold was heavily overpriced.

How much did America spend on the war? A ridiculous amount some people say 30 Billion Us some day 600 Billion.

Just please have a think.

Let the chart build. Monitor NY every single move. Check VWAP levels and initiate sells.

I'm expecting next week for gold to hit 4400.
4450 is a possibility however it would be a risk for NY to push price high hence the sell off today.

4400 possibly extending to 4415 is where more Smart money may be gathered before dropping lower 4300-4200 and so on.

I'm expecting this move to happen next week so I'll keep an eye out.

why doesnt it stop and give one breather for a moment. this is fking ridiculous

4326 is important. It is both a daily and monthly zone. Price probably wants to get the monthly levels done. But if that happens what happens for the rest of the month? Interesting.

cause the big players ride the wave and the make a difference... not us retail loosers

120$ move not enough!?

Don't worry as time goes into the close profile taking will start kicking in.

Don't worry either...
Beeing 4366 a daily level, and 4321 a monthly i already am confortable for next week.
People can use the method that they want, buying or selling at any high and low is not the point, if they make money fine...
If they really understand how price moves already had explained long time ago how actual they enter in a trade and so on, instead you have egos and people here giving them credit lol
Like price, this thread keep having the same pattern, with people more concerned that others be wrong and to share profits.
The only thing that newbies learn from here is all about this, egos...
I have my Asia set up, is precise and what other people does is up to them...
The funny thing is always when their readings are right, if not not one single post, not one single trade...
See you next week, maybe... Untill people don't want to make of this thread a space to improve trading and show trades in profit only, will not have a good future.

Fully loaded up on SELL. TP at 4299 for today

Finally got it. Well worth the wait

Look back at H4 I'm anticipating an overall 200 dollar drop from the 4480 start. So no buy until 4275 or lower.

I do see another small push going for 4370ish before we dive down low

4272 is open but my feeling is that will also not hold given the bearish candle we have had today. it is a bloodbath candle. 120 pips from the highs

bloodbath in silver is even worrying me. silver from the highs of the year is down 45% nearabouts

Fryday

Just for today, and at the moment, 1h must close above 4336.89, is testing it but most likely go down again and 1 more hour down....
Untill price don't regain a level no average price.
Untill we don't have 1h closing above one of this levels or at least wick at the close people can dream because never say never at gold.

of course it wont hold. 4270 is only an estimate. more realistic next week will be 41s'

gold has broken very important support, i expect going to 4050 zone maybe in next week.

Good. I left my runners and now fully quit sells... I believe it can retrace back. Thank you all for your support
Will see you next week...

looking ahead for the month 3900 is definitely on the menu !

Knockout

Surely there should be a retest around 4350/50?
help