Gold Swingers

Hello Traders-(!)

Starting this thread for only Gold Swing Traders who prefer clarity over noise, and patience over impulse

Nowadays most Gold threads are overwhelmed by scalpers and flooded with uneccessary one word comments such as "buy/sell" or price calls like "410xx" with zero reasoning, no charts, and no explanation behind the thinking (???)

I know I'm not the only one who feels this way but I truly value seeing well thought out charts, where a trader explains their reasoning, shares their chart, and walks through their thought process. That kind of insight helps everyone improve, including the trader sharing it

Thank you for your attention - lets get back to making money-(!)

Hi

Hello @ElHuncho welcome

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I'll share what I'm seeing on the charts later on It's very hot here ...

Right-o, here's my current view on GOLD

Fundamental (FA)

1. Bearish

Technical (TA)

M (Monthly):Not much going on here. Key support (equilibrium) around $3500. Price is sitting close to the 20 ema currently. I'm expecting some kind of bullish reaction around this area from monthly buyers. Let's zoom in.

W (Weekly): Price is at support area. This lines up with the monthly 20 ema, extra confluence, which gives buyers a decent reason to step in. Let's zoom in further.



W-Flipped:




D (Daily): We are just below $4100. So $4000-4100 could turn into a little range. If price pushes higher i'm expecting $4200 (daily 20 EMA area). If this turns into a bigger weekly bounce above $4200, i'm expecting $4400 (weekly 20 EMA)


My current stance is that things are a bit messy right now. I won't rush anything here. I'll wait a few days and let the price develop. If buyers step in and push higher, I'll be watching $4200 first. If it's clear that the price has strength to continue towards $4400, I'll look to sell from $4400 targeting below $4000.

My Final target for the 2026 year is $3500.

If anyone wants to use this layout feel free to take it.

https://www.tradingview.com/chart/6D1C26jf/