Gold

gold - 15min

I find it risky to go short on Gold,if you look the number of Long contracts in the CoT report,there have been an increase by almost a double suggesting presence of Bulls,at the same time,the number of Long position in US dollar has drop significantly,and if you combine by the Fundamental factors such as Geopolitical risk, honestly going short is quite risky for me,I will wait for gold to Rest at 2295 and 2288 and open long position...#

#Gold to the Moon

Shorted.
Trade safe

I dont know if anyone noticed but its absolutely waste of time to trade Gold in London session. Nothing is happening. It has been like this for days. Big player come with NY session.

I think someone needs to trade a bit longer and see how London session works.
Big players... right
And Asia session does not have "Big players"?
London as well?
Wtf it is even big players? Fat guy with big checks buying and selling gold on margin? If you think that way,go back to learning.

You need to learn how to be patient, big moves happen regardless of the session

what do you mean by big players?haha
you want to say london,tokyo and sydney don't have institutional companies and banks?
they all are poor countries?

Based on the daily TF here are some technical analysis insights (Please correct me if I am thinking wrong...):

1. Trend Analysis:
   1. The overall trend appears to be bullish, as evidenced by the series of higher highs and higher lows.
   2. Recently, there was a noticeable upward surge followed by a pullback.

   
   

2. Support and Resistance Levels:
   1. The price seems to be encountering resistance around the 2350-2360 level.
   2. Support level around the 2280-2300 range.

   
   

3. Patterns:
   1. The latest candlesticks show some bearish activity, indicating selling pressure.
   2. However, there doesn't seem to be a strong reversal patterns like a head and shoulders or double top yet.

   
   

4. Volume:
   1. Volume seems relatively lower during the recent decline, which might suggest that the selling pressure is not very strong.
   2. Higher volume on upward movements could indicate strong buying interest

   
   

Long term: Buy
Short Term: Sell

i think what you meant is nowdays ranges are very compact in london session. actually the whole demand nowadays is coming from two players: russia and china. so left hand rule says if China does not prop up gold in asian session most likely gold is going to fall in US session. today's market is dull but it happens after long weekend.

Hoping for some selling @2350 - 2355

HH and HL

you are asking people to join your telegram channel. so u should be a commercial member and not allowed to post here. its not abt arguments. if u are telling me for every man murdered in this world gold will go up. that is not happening. right now gold will go up as long as china and russia decide it wants to go up

I will be on lookout for short setup
Sell stop at : 2354.50 (filled)
Sl : 2357.5 (sl hit )
Tp : 2350 (i was greedy should have aim for 20 pip tp for counter trend position )
-------------------------
Short at :2360
Sl : 2363 (SL Moved to BE 2360 ) (SL Hit)
Tp : Open (TP Changed to 2350)
-------------------------
Add short at 2354.50
SL :2357.50 (SL HIT)
TP : Open
---------------------------
Add Short at : 2354.50
SL : 2358.50 (Sl Moved to 2360) (SL Hit)
TP : 2350
---------------------------
Short at 2358
SL : 2368
TP : Open (closed manually at 2354)
----------------------------
Add Short : 2354
SL : 2362
TP : Open (closed manually at 2353.50 ) (i had really bad r:r and entry want to escape this with little profit )
----------------------------
Add short at : 2355.59 (i had bad entry for this )
Sl : 2358.50 (sl changed to 2361.50)
TP : 2352(changed to open )(closed manually with 17 pip profit )
----------------------------
Short Term Bias : Short, Long Term Bias : long
Status : (40pip,-10pip,-30PIP,-30pip ,30pip,80pip, -30pip,-30pip,0,-55pip,17pip,40pip,5pip) , Total : +27pip
Today Win Ratio : 6/13 or 46 %

This is dollar/usd not yen/usd or rub/usd, unless its on the asia session the major moves of gold will be decided by us news and monetary policy . Right now dxy has been trending downwards since monday and both gold and silver have been trending upwards since monday . The weaker the dollar the better it is for gold , not yen or the rub

yes i did ask people to join the channel but i am not charging anything, NO Groups or paid membership so its not exactly commercial,
second i am not telling the world to buy GOLD or not,
i am just saying what i am doing and i am doing it from past 14 years,
how long have you been able to survive in this market not many can even more then 6 months that's not me that is what stat says,
70% retail traders loose,
so if i am wrong please do proof me wrong and upload your account statement of past few years or even months lets see how good trader you are,
most traders on FF are here for fun dear,
they are doing their jobs and trading is like a hobby to gain some knowledge and most of the time its like gambling,
and yes some are here to actually learn something,
so please do as you please,
and yes about GOLD
you are right INDIA TURKEY RUSSIA CHINA SOUTH AFRICA wants gold to lower then dependency of US$,
it is Weaponized actually,
if you dont obey US they put sanctions and kicks you out of Swift banking system,
so yes many countries are looking for Alternative,
or maybe we are going back to Gold standard like 70 years ago,
i dont know and honestly i dont care,
i am not here to argue,
this is Evolving market you have to evolve with it if you want to survive,
when you are experienced enough you will understand how the real world works,
you may have started few years ago,

trading is actually an addiction people come back after losses just in hopes they will make it again,
and loose again,
many many here reading this post may already have experienced it
reail traders are here to provide liquidity to the market with high leverage trades.
and we are thankful we need fluctuation to make money,
and thanks to many many greedy people some good traders are making real money,
so answer you last question as long as fear is driving the sentiment of GOLD because of many reason 2 important are WAR and BRICKS
.
.
guys like you were the reason i stopped posting on FF
some stupid people who don't understand the market,
i am not here to proof anything just here to give back what i learned from the market,
so i post the analysis,
because how much we pay you may not be able to afford to pay making will be a different story,
if technicals were the solution then 80% traders in forex are technical traders and as written on almost every broker website 70-80% loose,
if technicals is the solution then everyone will buy at support and sell at resistance and will keep making money,
why the hell them 80% retail traders loose?
Actually technical trading is a tool to get in and out at good point that's all.

you look angry it looks like you sold and now you are confused,
this is zero sum game brother,
one side has to loose for the other ot win,
if you are selling with 99% probability that gold will go down always remember that there is someone who bought the GOLD with same Probability that GOLD will go UP,
its just a matter of time to see who was right,
"we learn from mistakes only, Success teaches nothing only gives us Satisfaction and sometime over confidence that is also a problem because it could hurt your account in long term"
anyways
i will stop now i am getting tired,
some good replies kept me going,
but now its better to be with logical traders team not amateurs and gamblers,
thank you very much.

i appreciate your answers

sarcasm is good thing sometimes it takes the stress out,
Good luck Mate.