Gold with No Drama

SP500 and Gold gaps have been filled. Hawkishness at FED projections and conference have been exaggerated imo (partly to close gaps). I wouldn't be suprised big up reversals tomorrow as happened many times after FED meetings. To be honest, I'm not so convinced the idea of really hawkish FED or new FED Chairman.

Warsh has told just what a serious FED president should say and tried to become convincing about inflation. But is he or is FED really too serious about inflation target?

They didn't do anything so far while inflation is already high (so actually less real interest rate now comparing to a few months ago). And if Iran deal is signed, oil will be not increasing anymore, so there will be less inflation pressure in following months.

It seems to me that they talk hawkish but act dovish. Nice shakes but I still tend to buy gold and SP500. Probably, I will try to long at Asia session.

Daily chart looks bearish on the other hand considering last day candle. So, longing here Gold or SP500 is quite risky, we may see some more bearishness. But, as long as Iran deal holds, I am bullish Gold in bigger timeframes. I don't expect 4000 or below, on the contrary we will gradually climb up 4500 and further in following weeks imo (again if no more Iran war).

Just my opinions not a trade advice.

appreciate your effort on analysing the news and the market bais to us who rely on your instinct...thanks once again.

Hi guys
Gold will reach 4203 after sweeping liquidity in the DEMAND ZONE
BUY
15 MINUTE CHART
ENTRY
4203
TP 1. 4332
TP 2. 4382
TP 3. 4473

SL.4185

Good day! Wow that was intense. Profitable move. I shorted too soon, but road it down, and then back up.

Trading plan tomorrow: D1 has flipped bullish. This is a HTF signal which tells me we are heading back up from here.
Taking hold positions at the bottom for the next Daily sequence, and when H4 stops cropping around, I imagine a big move up will come.

End of June typically has a few big moves; I think there will be bigger ones coming in the next two weeks. Be ready.
Quarter-end, rebalancing portfolios, and Friday has huge options expiries that could be a big day too.
Expecting lots of action between now and the end of June.
Bullish Bias from here.

Was not expecting the EURO to drop so hard as well but it did, got some shorts in there too.

Best of luck to all moving forward into summer, I am working on some range-trading algos as we won't have the bigger moves in July\August.

How about now? These are Tradingview prices, pretty sure it closed on some charts, as your prediction, "news"

Act accordingly

Now 4275 is key for continue longs to 4300 4330 and 4330 its big level too now if cant by body up 4275 go down 4180 i think more in long gap is closed fast and stoped by demand

Bullish daily candle, as well, doesnt mean anything concrete, but I think we are on a the upswing.
Good sized wick up on yesterdays daily, I think we'll break 4300.

As always, I could be totally wrong. Just my read.
The gap seems pretty filled, and the price has reached supply zones now twice recently, we'll have to see what happens.
Entering at whatever low presents itself for a long hold.
Cheers!

We need to go direcly to test 4300

I no discard to see 4500 this week

Im long 4261 lets go try break 4275 is a key