Gold

heres another chart...theres no way price will breakout with that lower low in october of 2022...juat wont cause thats not how price action works

when it retests that lower low it may have a chance climbing up to the hi's and breaking out then

dont let a boolish day on the 5 or 15 min. charts delude you into believing golds gona run a 1000 dollars hier LOL

right on schedule LOL...I wouldnt put too much faith into permabears and goldbugs hawking gold and claiming the dollah gona crash because of this debt and budget stalemate cause i think the dollah will stay pretty much where it is and might even go up

if you look at the current monthly chart price is breaking down...a red candle close will be a sell signal


short hi and buy low....95 percent of traders lose money the statistics say cause they learn from books and trade trend

if the trend was really a friend 95% of traders wouldnt be suckers and losers

Hello Dear! I hope u r enjoying ur weekend. Weekly range as per my weekly chart become 2006-1928. My daily chart says that market can reach up to 2005-2006 area.4H chart says that market can retrace first to 1968 area then upward trendy move up to 2007 area possible. And finally 1H chart says that price can retrace up to 1967-68 area or possibility of test the 1961 level can not be denied and then upward move up to 2006 area.
As I was expected Friday retracement up to 1972-74 61.% area but Powell speech push the prices up to 1984 apx. 98% retracement of previous trendy swing but price close above the 1977 level again.We should not forget that 1977 is actually a weekly support and on weekly time frame it has not been broken yet so the weekly & monthly trend remain up till now.I have check all untested levels on my chart only two levels in 2005-2008 area pending for test. So hourly once again is going to change the trend so the ping pong still available in the market.Trade safe
Edit: For weekly chart range 2006-1928 must be in the mind. it means after test all the untested levels there are possibilities of drop the price up to 1928 or more,

Reserve bank NZ controls high inflation by raising interest rates. Expected to raise again this week.
NZ = high inflation = high interest rates , with higher to come this week = high NZD.......nothing to do with gold.

Setup for Monday XAUUSD price action, zone simple breakout and retest strategy

It is advisable to exercise caution and wait for the market to provide clear signals of a turnaround before considering buying gold. Attempting to anticipate a reversal prematurely can lead to costly mistakes and potential damage to one's trading account.

Patience is key also Pay close attention to market dynamics and wait for confirmation , I have a bullish bias despite Gold melting and DXY gaining strength....POV USD will tank and note You can print Money but not Gold also COT reports shows Big-money adding more Long contracts and retail sentiment shows retail shorting the hell outta Gold

simple view for scalpers and intraday traders, we look only one week at a time.
just trade according to your next week bias, look no further than that.
for me w1 bearish, d1 bearish, h4 bullish.

so for trend trade bearish.
for counter trend trade bullish until turning bearish to join the trend.
of course counter trend more risky.

Agree with you. The TF charts on XAUUSD say so.

Silver's gap still not closed.

They started again with talking. Tomorrow president will meet the republican McCarthy.

_______ TP1 @ 1988 , SL = man. - - - TP2 @ will post mebbe LTR

I am also trying to analyze based on trend and channel. There is not enough volume to analyze at this moment. Generally I am staying with buy side. On M15 TF , upward channel developed and upper channel broke by price but then retested lower channel and then kept going up. First hurdle in going up is that there is long wick on M15 TF which tested 1984 resistance and got rejected. In my opinion, price will retest the upper channel again and then will try to break the resistance. I will analyze volume close to 1968 level and will take decision about position.

SELL 1900

Hello,
I am back again with a new chart analysis.
From last Friday's activity, I think today might be another retracement day before a bearish move.
Personally, I will be waiting for a big move before going in.
Safe trading and good luck!

short GC 1981
tp 1961
no stop yet gona keep shorting hier

Short at 1982
SL 1993
TP open

"new too trading" saw a retracement today on the xauusd chart, feel like I did good job analyzing, just waiting for a clean entry to join

XAUUSD LONG no tp 20pips sl