Gold

have the same thoughts just asking y u think it will dump. I think it should start slow dumping on London open and possibly continue further lower with NY open… or another same old bear annihilation on minor news speculation that should be priced in anyway

Sell: 2662
SL: 2675
TP: 2635

2664 here could be a nice start for a move further down, touched 1H bearish trendline, question as always is can we break through support, are the bulls gonna let go at last

litterally at the same exact time ^^

Last time we have LHs on H1 this happened. 3th touch of trend line was trigger.

Idk bout ya, i still cry, but i just


after.

This time situation is like this. Lets see...

MEh, Switzerland cut rates by 25bps, could get GOld pumping again

i was wondering if we could see 2696 today?

So should we buy here at the dip ?

if you have a setup on your side indicating that the probability we are going up is high, then why not?

Key lines. Some areas to watch

anything upwards is possible at the rate it’s been going sucks

Trading the fact vs trading the guessing.
You decide which one you want to trade.
As you are the one who will trigger your order, and the outcome will be one you and you alone.

This is why, teaching someone to catch the fish is more important than you yourself catch the fish, cook it and feed it to him.
GOLD
Facts: Uward structure still intact, Trendline still holding.
So probability tilted towards HH.

Guessing:
We have bearish pin bar(how many pin bar have been failing in the past?)
We are too high, there must be a retrace? (Yes, but is it yet? IF not? Then the path of least resistance is still where- Down or UP?)

Turning Guessing into factual(aka always know as Plan B)
Plan B is when plan A doesnot work.
So,
IF(guessing) TL broken, then possibility to go down is open. Depending on where we currently are, the question remains how long and how much can be go down(to what price)???

Light your cigar and chill from here

If still ranging 2667-2657 and then powel break it later

how is when dyx goes up gold is ranging and when its drop like a littel gold spike up like crazy
like i never seen anything like this in 3 years

Wait wait. This is only from h4 structure im seeing. Either potential ATH, or potential drop till 2636. Any shorts now is possible, subjected stoploss at highs at 2670. HIT STOP LOSS OF HIGHS, DONT ENTER ANYMORE

Gold - Level for 26-09-2024

i shoot my first short @2670