Gold with No Drama

Quoting Goldylocks

Disliked

{quote} 4075 to me is a likely re test for London and New York open to just take out 4041 within an hour

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Quoting louiiey

Disliked

{quote} You think while these things are true that gold would just go down forever? Obviously not... It double bottomed around the 4000 area and broke out of it's falling wedge pattern. That's it, just a technical limit. Enough players saw this area as a fair enough price to prevent it going any lower. DXY only drives gold down (sometimes) because it measures bond yield purchases, which people often trade their non-yielding assets (gold, silver, etc) in for.

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Quoting Rickblaise

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Theoretically I don’t understand the gold spike dxy is above 101 crude oil keeps pumping fed might spike interest rates we might be in a prolonged liquidity grab for some serious downward movement I’ll be cautious of anything above 4200´s {image} {image}

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Quoting azhantahir

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Morning London. All about theoretical principles / SOP of movement Monday - Weekly IB Tuesday - Weekly Trend Wednesday - Weekly High/Low (we assume already a weekly high based on current movement) Now, just trade what you see. Lots of probabilities at the weekly high. IMHO {image} {image} {image} {image} {image}

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Quoting Rickblaise

Disliked

{quote} I totally agree but there’s too much pressure on gold as of now plus the Iran war which keeps on hindering my bias this week was bullish after the 4000 double bottom but there are so many X factors which go against current market situations maybe the foreplay of the china gold paper trading ban?

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Quoting azhantahir

Disliked

{quote} TFH1/TFM5 I'm just a scalper, focused on current probability. Sell at higher bid, and buy at lower ask. Overall, I'm still biased toward bearish (W1/D1) till it is confirmed bullish—just personal opinion. Please refer to your own preference for RRR. IMHO {image}

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Quoting Daaimali

Disliked

{quote} Because there is a limited time to play with nature and gold is natural this all stupidity and manipulation is going on by trump and Shaitanyahu, they are playing with world... They don't have justification for Israel as a new state and killing and killed thousands of innocent in Palestine, and they call it religious belief... Even Bible injeel, tora or even their own prophet does not tell you to do such blunders... This is just a power politics by some characterless people... So Gold will have to go to original position if world is normal...

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Quoting Daaimali

Disliked

{quote} As said Many times once you have good chart analysis and manage money, earnings become very easy but trade being robot with 0% emotions... And that's it... Follow PA... This is my today's history and I used just 10$ stoploss for three trades... All went well. Finding again a buying opportunity so I mean even scalping can be a good source of income no problem wherever market goes... {image}

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Quoting BeeTogether

Disliked

So 4110 rejected. Was waiting for a drop to 4100-4090 to go long but that doesn’t seem to be happening. Taken a long at 4119 TP but am looking for past today’s highs

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Quoting louiiey

Disliked

{quote} Is there really a lot of pressure pushing it down though? It's collapsed 30% from it's all time high. If you told me I could get a discount of 30% on an ounce of gold, I'd buy that. The central banks and institutions holding gold will be holding it for years now. This is one of the most critical assets for institutions and banks globally. They're not just going to let price slide forever, they've found a fair discount and stepped in.

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Quoting jessetoye

Disliked

{quote} Price will retest 4140.

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Quoting Jonas4

Disliked

{quote} This Asia was the abusive Gold I was talking about. +83 RSI, all candles 5M, 15M, 30M in one direction, zero pullbacks. Stubborn Gold with no mercy. For me this is the most difficult time to trade, I hope the algos don't stick to this type of trading.

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Quoting Rickblaise

Disliked

{quote} you’re right imo I just expected the reset after we cleared the noise and for me that was 3800 (maybe we might still see that )

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