Gold with zero drama!

4345 first support & 4150 major support

Well I missed the whole move after the NFP, but no regrets, I spent a quality time with the family and kids in the pool.

Currently PA is in no man land for me, closest support for me is 4279, IF pa gets their i might attempt a long

Friendly reminder to everyone, I would not recommend holding shorts over the weekend, there are indications that a peace deal between US & Iran might be signed in the weekend.

If this happens, gold will rally and probably the market will open with a gap.

Alright market is closing, time to analyse and strategise for next week.

Gold is overall bearish, no signs of oversold on weekly and daily while 4hr is slightly oversold, no signs of exhaustions on 1 hr and 30 mins, unless we receive a huge news in the weekend (scale of a peace deal), the probability is continuation of the bearish momentum, I mark 4279 as the first support.

Im flat for the weekend.

Wish everyone a restful weekend, enjoy it

Next week range $4430-$4280
$4150 strong support for the month

In the past hour or so, Israel attack Lebanon and Iran retaliated bu attacking Israel, Trump is asking both parties not to attack any more, so we in a very critical stage right now, either both parties will oblige to trump and peace deal will be signed this week or wider war will erupt soon.

Gold is very much dependent on the outcome, if peace deal is signed, Hormus strait will be opened and gold will rally, on the contract of war starts again (and my take it will bigger than last time, hothi’s will be involved as well) gold will sink probably to 4100 levels soon.

Keep an eye on the news, next couple of days are crucial for gold direction

fellow traders, what do you think will be next?

My opinion, now everything depends on the Israelis ego, if they hold themselves (which will be really bad for their media) peace deal will be signed very soon

Greetings Zero Drama Gold Traders!

Happy week ahead.

Trading M1 & M2 via algo during peak hours
M5, M15 Fast & M15 slow via algo 24/7
Average profit factor: 1.33

Doing manual add-ins during max volatility
Friday was amazing!

I am not trying to predict what it will do but rather chasing mathematical edges & restricting discretionary trades to high ATR moves. So far, so good.

Anyone else here trade via quant algo?

Honestly im not familiar with quant algo trading, can you explain?

To be honest I think Gold is going bullish this coming week. From my analysis, the news on friday really affected the market because of the time the news dropped an hour to the closing of NY session and also the day the news dropped which was on friday a weekend. By Monday we should see a price making it way back up

If this 30 mins closes below Friday’s low then I mark 4279 as the first support

Some quick scalps to warm up for the day

two more, time to get some sleep now