Things are getting more clear. A fast spike up is indeed possible, but most hedges are placed around 2480/90 imo (red circle). These longs are possibly not going to be closed before price is at least back to same levels. Good deal of legacy sellers ...

Gold

Weak ones are possibly gone, only cockroach bears can survive all this chopping that have lasted for several months now. Another $40 dollars is not going to hurt them much, they are possibly already prepared to defend. Market will only risk adding ...

Gold

If markets have to move substantially higher it needs fresh sellers. Someone must cover costs of increasing the price. At this point, forget about new sellers, plenty of existing ones are probably hedged by at least 50%. In case of a reversal, only ...

Gold

Let it roll to 2200/2100, and just keep a finger on the pulse from there just like I am doing now.

Gold

I just saw resistance will start to show up around 2480/90 and it did. I expect continuous resistance from now on, because existing sellers will probably hedge, and not many new sellers will join. Since 2400, it's obvious that resistance is building ...

Gold

Just as expected, resistance around 2480/2490. There can be a lot of hedging around here. PA is very dynamic at this point, what will decide price around here is how people react, there is a chance it could go to both sides very quickly. Stay loyal ...

Gold

resistance will probably start showing up here around 2480/90 image

Gold

PA can molest us at any time. It doesn't matter a thing what cute chart patterns tells us, at least until PA have done it's thing. Only thing that can keep you sane and focused is having good leverage and to stay loyal to your mid/long term view (if ...

Gold

This is not a good time for making assumptions based on TA. PA is still doing it's thing, allow it some time. Once price settles, don't go back to TA right away. Wait for another round of PA and then use TA with care and doubt. In times like this, ...

Gold

Fun fact. That's exactly where my legendary crumb is image

Gold

At least on short term this was obvious, but imagine we had 3 pages of noise even after this post. What is more worrying is that other XAU/XXX pairs are not correlating much at the moment. Some are even showing reverse correlation. Weird things can ...

Gold

is this manipulation? can the experts please comment on it - like a boss?

Gold

looks a bit like on borrowed time to me Note: Keep it simple, especially in times of noise. image

Gold

Noise is slowly becoming self contradicting nonsense. 2420 looks like an important level to me, would watch PA closely - like a boss - if price gets there.

Gold

When the level of noise peaks, following $20 moves, it's best to take a step back - like a boss - and humbly observe.

Gold

I don't focus much on TA atm. PA is more important to me. Every critical PA moment can act in it's own way. Resistance is undoubtedly present, but more important is how market participants reacts to these level. There is no binary solutions in the ...

Gold

Pressing my fingertip on my crumbs - like a boss - while watching the world around me. The amount of noise is incredible, both in the media and social platforms. image

Gold

short crumb added @2454

Gold

Final res test today imo 2410/30 is the level one should watch image

Gold

tried shar drop but failed. Let's see what happens after this slowdown. image

Gold