trade on gold

GOLD
small long

close and end

I think we are going down

gold long

bought gold in the night

i took a sell position at 2049.50
sl 2052

TP 2041
TP 2035
TP 2010

Do you really expect it is going to start downtrend?

yes

I have some following reasons which makes me think it can start a downtrend today.

1. It just closed above 2000, it's a history.
2. Now it has no reason to stay above 2000 anymore.

What are yours?

We reached the first target

Yes I agree
I scalp gold in m1 but I look HTF for understand more or less the main direction
For me gold for go up again must to take liquidity down

GOLD


my short idea not traded
long was the better one in the future the better arguments are more visible .
so the trade was worth it

gold

Gold rally soon all time high!!!

GOLD
yes

That is correct
a look at W1 says a lot

W1 candle close very bullish in my opinion.

I am currently short hoping for a pullback to at least 2010.
I'm not terribly optimistic.
Do you agree with my analysis below?

Fed chair referenced inflation fears: gold up
Many talk of possible US recession as savings rates are down and credit cards are maxed out: Have to think gold up
Escalation of conflict in the Mid-East, IDF has promised return to fighting after hostage release: Gold up
HAMAS continues to hold US hostages prompting US involvement: gold up
Iran funding/arming restless groups which are provoking US and IDF: gold up
Iran is provoking US which could very well prompt US escalation: Gold up

Trend is clearly up: gold up
Weekly bar closes at the high. Other weekly bars at these price levels close as pin bars which were followed by decent pull backs: Gold up

The only thing I see that can make gold retreat would be big players playing price down to build their longs: maybe pull back to 2010 area
Maybe some really good economic news from the US. (No one is talking about that happening): maybe pull back to 1990-2010 area
Gold producers such as Australia suddenly flood the market by cashing in very large quantities of physical gold from their vaults: Is this even possible?

Chart is H1. All positions are sells, lot size .01. I bet you wish you were in my shoes over the weekend!!!!

Good analyses.
But I am not able to predict the future.
At this point looking W1 chart gold will retrace after to have take liquidity over W1 high. Where can go and till where can retrace I think that nobody know,
Next time use stop loss instead to average the loss.

GOLD
H1 trend

hello
everything you write can be true. i am on your side.
I don't know what comes next, I will not trade gold.

Gold is again at ATH but this time its different. Market has strength, volume, sentiment, the situation seems to go in favor of Gold with DXY decreasing. We can see further rally towards 2128 and to 2250.

GOLD


idea



for 1 hour and close