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  • #33,441
  • May 30, 2024 2:52am May 30, 2024 2:52am
2335.900 is Still a good level for sell, SL it's high and TP is buy side liquidity.
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  • #33,442
  • May 30, 2024 2:58am May 30, 2024 2:58am
Quoting PandoraBox
I've noticed buyers entering the market, purchasing at deeper price levels.
yes
it is gold buddy,it will not fall so easily
Be Calm In Every Situation
  • #33,443
  • May 30, 2024 3:07am May 30, 2024 3:07am
Quoting sambhav30
{quote} Yes it is gold buddy, it will not fall so easily
Today's closing is important. daily, minor CHCOH is cleared.
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  • #33,444
  • May 30, 2024 3:38am May 30, 2024 3:38am
You can't stop higher timeframes in action, today should continue as bearish engulfing then tomorrow potential bullish correction.
Exhausted
  • #33,445
  • May 30, 2024 4:05am May 30, 2024 4:05am
In the event of XAU/USD decisively dipping beneath $2,335, the 50-day simple moving average at $2,325 will be an important line of defense against the sellers’ next offensive. While taking out this floor might be difficult, a successful breach could pave the way for a deeper pullback, drawing focus to a crucial Fibonacci level at $2,265, a tad below this month’s swing low.

Conversely, if prices pivot to the upside and resume their upward journey, initial resistance can be identified at $2,365, followed by $2,377. Traders should keep a close eye on this latter ceiling, as a breakout could reduce the odds of additional weakness and facilitate a move towards $2,420. Continued gains could then bring the all-time high within reach.
Success is not final, failure is not fatal... - Winston Churchill
  • #33,446
  • May 30, 2024 4:16am May 30, 2024 4:16am
Here's what I think (please correct me if I am wrong)…

  1. Current Trend:

    1. Downtrend: The price has been making lower highs and lower lows, indicating a bearish trend.

  2. Support and Resistance Levels:

    1. Support: Around 2320
    2. Resistance: Around 2350

  3. Key Indicators:

    1. Volume: Slightly increasing during down moves, confirming selling pressure.
    2. Price Action: Recent candles show a struggle to break above 2350, reinforcing resistance.

  4. Potential Scenarios:

    1. Bearish Continuation: If the price breaks below 2320, expect further declines.
    2. Bullish Reversal: A break above 2,350 could signal a potential reversal and move higher


he 4-hour chart of Gold shows a recent downtrend after a significant peak. The price is currently consolidating around the 2337-333 level. Given the lower highs and lower lows pattern, it suggests further bearish movement. However, watch for a potential support around 2320. If this support breaks, the price could head lower. Conversely, a break above 2350 might signal a reversal.

  • #33,447
  • May 30, 2024 4:31am May 30, 2024 4:31am
Im with sells today, want to buy cheaper.
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Consistency will bring everything...Be good.
100% Is The Target v.1 All Time Return: -95.4%
  • #33,448
  • May 30, 2024 4:42am May 30, 2024 4:42am
Quoting SkullCandy
Im with sells today, want to buy cheaper. {image}
Secured. And tp modified.
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Consistency will bring everything...Be good.
100% Is The Target v.1 All Time Return: -95.4%
  • #33,449
  • May 30, 2024 4:50am May 30, 2024 4:50am
Expect to see 2x area again during NY section.
  • #33,450
  • May 30, 2024 4:56am May 30, 2024 4:56am
Quoting hanzohas
{quote} They are not making life easy for bears atm, but you are right. I wouldn't risk being stuck with longs at potential peaks either. Thats why I am also limiting my entries to short trades and just adding small entries occasionally. It do not even have to be HHs, just enough if PA looks suitable. {image}
expanding triangle and more down could be a possible scenario

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ma ma make me happy
  • #33,451
  • May 30, 2024 5:13am May 30, 2024 5:13am
2332-2323-2293 on the downside
2336-2344-2360 on the upside.

levels are clear
  • #33,452
  • May 30, 2024 5:16am May 30, 2024 5:16am
Quoting giveachance
2332-2323-2293 on the downside 2336-2344-2360 on the upside. levels are clear
Yup, agreed.

Also, Keep an eye on the upcoming Prelim GDP q/q and Unemployment Claims reports. Strong GDP or low unemployment claims might push us towards the downside levels. Conversely, weak GDP or high unemployment claims could help test the upside resistance levels.
  • #33,453
  • May 30, 2024 5:39am May 30, 2024 5:39am
Quoting Mak0001
{quote} Yup, agreed. Also, Keep an eye on the upcoming Prelim GDP q/q and Unemployment Claims reports. Strong GDP or low unemployment claims might push us towards the downside levels. Conversely, weak GDP or high unemployment claims could help test the upside resistance levels.
a higher print than expected will bring gold down. the likely hood of gold rallying in event of a bad number is moderate
  • #33,454
  • May 30, 2024 5:57am May 30, 2024 5:57am
Will sell more between 2339-2344
  • #33,455
  • May 30, 2024 6:42am May 30, 2024 6:42am
i bought from 2332 will move stop loss to entry but i expected it to hit 2345 before the news
  • #33,456
  • May 30, 2024 6:50am May 30, 2024 6:50am
@Mak0001, what you think, where will gold goes on news Premium GDP
  • #33,457
  • May 30, 2024 7:24am May 30, 2024 7:24am
say hello to 2360
Lost in Narrative
  • #33,458
  • May 30, 2024 7:35am May 30, 2024 7:35am
Quoting R4sh
say hello to 2360
Lets see
  • #33,459
  • May 30, 2024 7:43am May 30, 2024 7:43am
Market structure has shifted on 1h and the inverted FVG on 4hr has been triggered
Price are above 200 ema on 4h
ryoiki tenkai : Blue Juggernaut
  • #33,460
  • May 30, 2024 7:46am May 30, 2024 7:46am
Quoting giveachance
2332-2323-2293 on the downside 2336-2344-2360 on the upside. levels are clear
2344 is taken out by this print. I will watch here and if we dont take out 2350 sell is inevitable
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