Gold with No Drama

The DXY still has room to move higher. Red news for the USD today.

daily, VP, MPP & WPP / Floor & DeMark's



price between monthly supports.., below weekly added as well this week..,
and look at the left part of this chart..,
imo, reverse or pullback looks more real first

Kinda scared to sell at this point

Possible full down day as open drop hard to below and yesterday have done the liquidity sweep, have fun buyer
target remain unchanged at 395x
Partial taken at old level and also yesterday low, for safety
after this, beware a huge buy could be appear from below of 4k

Should I sell some? That will kill the move for sure!

The only trend trading today...
Like i said upside is a expected test, it just simple break lower value price boundarie, so take a shot...
It must close below 4235.12 in 1h tf or Be most likely hit...

im sure if i sell now we will be back to 5000

Get paid, small but paid...
Potential test at 4246.42.


And scalping higher....

6000

Can someone explain to me why all the markets are red this week? Shouldn't liquidity, when withdrawn from one place, flow to another?

IPO Time brother.. all the money is headed there

it is a huge down trend since middle of last month as it confirm the 0.5 value of the monthly range at 4k7, as now price still show the continuation drop top below especially last week NFP show more evidence for this, nothing more than sell till end of 4k1 (at least i will do only sell till 4k1, after that i will watch for another bounce to upper), look at H4, still no chance to buy at all. All liquidity got swept in high time frame. Price currently looking for strong buy level, which could be below of 4k as it is the last strong level of HTF
Just can not sell properly yesterday as yesterday show not enough confident to sell in long term but today open show some confident to keep going down

Anyone know whats driving this move? Seems pretty aggressive for no particular news released or are markets pricing in cpi tm?

Enough to me again bad choice lol
either ways be had been hit like expected....
Back in 2 hours

i just went sell with all of my account sl be

Not closing below 4223.81 same previous level expected...
And 1 more be hit, since they give another chance....
I simple don't have luck on trend trading damm...

If no close, 4235.12 expected...

4200 and a possible bounce in the other direction

Scalped this retracement successfully, and since i never win 2 trades in a row i won't be opening a trade again till new york session, Goodnight y'all

It has nothing to do with the new IPO.

SpaceX IPO is contributing to sell pressure at Gold and at other markets in addition to strong NFP last Friday and expected high CPI tomorrow and Iran-US escalation tonight.

You can check Gemini answer here why there is pressure on metals also due to IPO:
https://www.forexfactory.com/thread/...6#post15746606