Gold

im buying the dips, good luck everybodeh!

Its got to break the trend that's going on. High chance that it breaks above the trend. Market sentiment is through the roof! So you've got to wait.

You are welcome, but I’m never married to my positions or bias, switched to sells quickly

Can someone explain why gold and USD are moving together?

I personally don't have the knowledge to anser your question correctly.
This is what Chatgpt thinks about your query:

Traditionally, gold and the U.S. dollar (USD) have had an inverse relationship in financial markets. When the dollar strengthens, gold prices typically fall, and when the dollar weakens, gold tends to rise. This relationship stems from several factors, such as gold being priced in dollars globally and acting as a hedge against dollar depreciation.
However, there are circumstances when gold and the USD move in the same direction, and this can occur due to specific market dynamics. Here's why this might happen:
1. Global Risk and Safe-Haven Demand

1. Gold and USD as Safe Havens: Both gold and the USD are considered safe-haven assets. During periods of heightened geopolitical uncertainty, financial crises, or global economic risks, investors may flock to both assets simultaneously, driving their prices up.
2. Example: During the COVID-19 pandemic or major geopolitical tensions, both gold and the dollar rallied as investors sought safety.

2. Inflation Concerns and Tightening Monetary Policy

1. If inflation is rising significantly and the Federal Reserve adopts a hawkish stance (e.g., raising interest rates), the USD may strengthen due to higher yields. At the same time, concerns about inflation or the long-term impact of monetary policy could increase demand for gold as an inflation hedge.
2. In such cases, both assets may experience upward pressure simultaneously.

3. Market Speculation and Positioning

1. Market participants may drive both gold and the USD higher through speculative trading. For example, if hedge funds or institutional investors anticipate global risks or central bank actions, they might simultaneously buy both assets.
2. Correlated movements in derivative markets (like futures or options) can amplify this effect.

4. Central Bank Actions and Policy Divergence

1. Central banks, particularly the Federal Reserve, can influence both gold and the USD. For instance, if central banks are buying gold to diversify reserves while the dollar is also strengthening due to higher interest rates, both assets can rise together.
2. Central bank intervention in currency markets can also distort the traditional inverse relationship.

5. Broader Macro Trends

1. In periods of synchronized global economic slowdown or stagflation (stagnant growth with inflation), gold and the USD may both rise as safe assets, even as other currencies and risk assets weaken.
2. Shifts in global trade flows, capital markets, or reserve allocation can create short-term correlations.

6. Energy Prices and Commodity Dynamics

1. If rising energy prices (e.g., oil) stoke inflation fears, gold might rally due to inflation hedging while the dollar strengthens from its safe-haven appeal or higher U.S. Treasury yields.

Conclusion
While the traditional relationship between gold and the USD is inverse, market anomalies, global risks, and macroeconomic factors can cause them to move together. Understanding these dynamics requires a close analysis of global events, Federal Reserve policies, inflation trends, and market sentiment at any given time.

Read my previous post.
Gold has it own heart its forever manipulated.
Never correlate, never follow world events, never follow data.

Just follow price action and liquidity

$Gold closed below 2650 five weeks in a row

I hope this chart can help. This is the combined effort of all the TA members here, I summarized it.

That's friggin' funny.

BTCUSD

Gold Technical Analysis

Bought 2637.270$.
Every Order Is Manually Closed No SL And No TP While Opening The Trade Could Be Manual Or Via Limit/Stop Order.

As One Can See M15 And M30 Charts Are Currently In A Strong Sell Zone. H1 Chart For Now, However Isn't Giving Any Signs That The Price Will Continue Going Even Lower. 2633.500$ Is However Main Support On The H1 Chart And It Is Expected That The Price, If The Support On The H1 Doesn't Hold, Will Continue Going Lower To At Least 2614$ Which Is Main Support On The Daily Chart, But For Now That Isn't The Main Scenario. For Now, H4 Has A Strong Support From The System Suggesting That The Price Should Continue Going Higher From Here. Daily Chart Is Kind Of Neither Here Nor There And Not Easy To Read At The Moment. Weekly Chart However Is Perhaps Suggesting That The Price Going Much Higher From Here May Not Happen. The Main Resistance For The Price Seems To Be 2650$. If The Price Can Manage To Close Above 2650$ On The Weekly Chart, Then It Is Expected That The Price Will Continue Going Higher, Faster.

At The Moment, The Battle Is On The H1 And The H4 Charts.
This Time I Will Share All The Charts, However Next Time I Will Only Share The Charts That I Think Are Relevant For That Particular Situation.

When I Will Decide To Open Or Close The Orders Depends On How Clear The Analysis Is And How Confident In The Analysis I Am.

you missed Volume and Market Delta .. guess you decided not to help me

I find the 2540ish-2580ish zone quite appealing. Surely there is some liquidity to be swept here?

forgive me if that’s completely wrong, I’ve watched about 50 liquidity clips this weekend and I’m trying to make some sense of it.

Azen, run Azen.

two possible scenarios to keep an eye on in the coming week.

why run .. hes posted all indis on one chart ..

will post a video on Gold probably tomorrow night 6pm ish

my scenario for gold: