Wednesday high liquidity

Gold with No Drama

Gold is going up. Powell gave us hope for rate cuts. We only dumped out of fear. If you’re selling you weren’t paying attention.

Gold with No Drama

No strong fundamentals?

Gold with No Drama

hopefully more like 4700. Why on earth would price “need” to stay below 4550?

Gold with No Drama

yeah a lot to unpack there. Powell said inflation isn't too impacted and is still under control so likelihood of rate increase has been tampered. Warsh is keen on cutting rates so I expect this to be priced in. 4400-4450 was previously accepted ...

Gold with No Drama

Interesting stuff. Casting my doubts of a further drop. Slow climb of 100 dollars more likely.

Gold with No Drama

Our technicals are mostly meaningless until the fed reaction is over. Retrospectively I wish I had built a system to parse the fed statement automatically so I could make a strong prediction once released but effectively: either it's bad for gold ...

Gold with No Drama

volatility, these are not normal trading days before fomc

Gold with No Drama

respectfully brother this is objectively a coincidence

Gold with No Drama

This is VWAP since the 23/03/26 Low. The high points of the VWAP are used by many to indicate resistance / fair price. I wouldn't bother implementing it into your strategy if you are already doing well but, in large movements like this these levels ...

Gold with No Drama

High volume node. This generally means price was previously accepted here and so can work as a resistance level for large moves. It probably holds because so many people expect it to. I had this level marked since Sunday (~4557 I calculated). These ...

Gold with No Drama

Today's bias: uhhh Lord help us

Gold with No Drama

Oil and gold don't truly have negative correlation but oil up means inflation up which means rate are less likely to cut soon. All eyes on the FOMC statement tmr

Gold with No Drama

fed fear

Gold with No Drama

1pm GMT is 8am NY. Volume does spike here and so it's safe to assume institutions are at their desks. 2:30 GMT is when the NY stock exchange opens and so people call this the NY open.

Gold with No Drama

Feel the need for a quick PSA: You're struggling to place a trade here because there is no setup. Nothing is happening. London had a tiny range and we're just bouncing up and down when news comes from Iran. Avoid gambling on direction or trading on ...

Gold with No Drama

London traders are obviously already positioned on gold or are waiting for context as the range was only 18 dollars.

Gold with No Drama

stop trading it and you'll be less bothered

Gold with No Drama

Woke up to a tp from Asia's climb

Gold with No Drama

Good luck all you sorry souls this week. I think this week will shape the future of gold regardless of direction. I will be keeping trades simple this week.

Gold with No Drama