Gold

There never existed a selling opportunity

Price is going to 2715

Saal 2.0 .. just kiddin

yesterday i shared auto trend channel

and if you are still selling then NO COMMENTS

I trade patterns... Don't be an idiot....

And what you share has the value that people think it should have. If you read what I said yesterday you would know that I was bullish. When fools come around here they always speak without context.

Less... You don't know me from you zoo!

And for you, I've already scalped on sell and buy... Ignorant!

If you require assistance on signals.

Call ( 1800 - Better Call Saal )

me staying out of politics, when i am wrong it will come at my nose with compound interest

Don't waste anymore time with me...
Is a waste of time...
When people blindfold themselves to satisfy egos, I don't give them credit.

Lame. Pathetic. Childish. You name it.

And what?
Nobody wins all the time.
I give my opinion, and i was stopout breakeven because the inside bar in 15m make me mlove my stop to breakeven.
If you do your job in learning something, did't stay always angry with every people that give opinion.
Yes, there are a lot of people here with crazy egos, as if they were champions, but they never say anything of value, they never explain anything, but they continue to be the greatest... They are all sad people!

This 1H setup was most likely is right, my mistake was my choices in 15m TF
Don't see why be wrong is motive for such egos...
Ridiculous.

I had already warned here that because of some of the champions of the forexfactory show, I already thought it was a waste of time to give my opinion.
As such from my side there will be zero from now on, take advantage of the guesses you see here and make some money. Yes guesses.
Because explain... Nothing!

I'm fine averaging 1% a day, not depending of others.
Despite everything, I wish for others what I would like for myself.
Have all a nice year of profits.

EDIT: Clean and simple the rejection! Keep all doing your good work... And for who didn't know this is my invalidation point from bullish in 4H. Keep this tip, still free to all! Despite we will see a retrace to the supply if 1H taped 2651.400. AS if 4H close below most likely we will have a test of this price. Serious guys, my last advice and is free.

i am averaging 5% to 10% a day

Respect.

Nothing was closed above 2664. Currently the price is above the previous monthly open. 4 hour close needed above 50 level for further upside. until then I am in bear mode.

Some people believe there is a connection between gold and other assets, but I think it's just something made up. It’s interesting how people think this, but I don't believe it’s true.

my chart ?

Will stay in buy ?

Technical Analysis

Summary
The price trades within a defined consolidation range between 2,600 and 2,670. This pattern suggests that market participants are indecisive, oscillating prices without establishing a clear direction.

Support and Resistance Levels
- Resistance Level: The upper boundary is established at 2,670, where the price has faced multiple rejections. This level has proven to be a robust resistance zone, with buyers struggling to break through despite several attempts.
- Support Level: The lower boundary is around 2,630. This level has been tested numerous times and has successfully held up, acting as a reliable support zone for bulls.

Observations
1. Consolidation Pattern: The price action indicates a classic consolidation phase, characterised by price swings within a defined range. The repeated testing of the resistance level at 2,670 suggests increasing bullish interest, while the support at 2,630 indicates the presence of intense buying pressure.

2. Decreasing Volatility: The price swings have been narrowing, indicating a decrease in volatility. This tightening of price action often precedes a significant move, suggesting that the market could be preparing for an upcoming breakout. Watch for signs of volatility expansion as it could signal the direction of the next significant move.

3. Recent Price Action: Recently, the price has attempted to breach the 2,670 resistance but has consistently retreated. This indicates sellers are stepping in at this level while buyers remain active near the 2,630 support.

Outlook
Given the current conditions, a wait-and-see approach might be the best strategy. Traders should consider the following:

- Bullish Scenario: A decisive breakout and close above 2,670 could indicate a strong bullish momentum, opening the possibility for a test of higher price targets. A confirmed break could lead to an upward trend, with potential targets at 2,700 and beyond.

- Bearish Scenario: Conversely, if the price breaks below 2,630, this could signal a bearish reversal, leading to increased selling pressure. Should this occur, traders may want to look for further support levels around 2,600 and lower, with potential targets based on subsequent price action.

Conclusion
The current consolidation pattern and decreasing volatility suggest the market is gearing up for a significant move. Traders should monitor price action carefully as it approaches the defined support and resistance levels. A clear breakout in either direction will be necessary to establish a more sustainable trend. Due to the inherent uncertainties present in consolidation phases, appropriate risk management strategies should be implemented.

When the US Dollar (USD) is strong, the status quo for trading gold typically involves the following considerations:

 

1. Inverse Relationship: Traditionally, gold and the USD have an inverse relationship; when the USD strengthens, gold prices tend to decrease. This is because gold is priced in USD, and a stronger dollar makes gold more expensive for buyers using other currencies, thus reducing demand.
2. Investment Strategy: Investors might sell gold or reduce their positions in gold when the USD strengthens, as the opportunity cost of holding non-yielding assets like gold increases. The rationale here is that a strong dollar could lead to higher returns on USD-denominated investments like bonds or other financial assets.
3. Market Sentiment: Posts on platforms like X suggest that while the conventional wisdom is to sell gold when the USD is strong, there are instances where gold might still rise due to factors like central bank diversification away from USD reserves or geopolitical tensions increasing the demand for gold as a safe-haven asset.
4. Current Trends: Recent analyses indicate that despite a strong USD, gold has been performing well, suggesting that other factors such as central bank buying, inflation fears, or global economic uncertainties might be overriding the traditional inverse correlation with the USD.

Given these dynamics, the status quo isn't strictly to sell gold during times of USD strength, but rather to evaluate the broader economic context, including:

 

1. Inflation expectations and real interest rates.
2. Geopolitical risks which can drive safe haven buying.
3. Central bank policies on gold reserves and diversification.

Therefore, while a strong USD might traditionally prompt selling gold, current market conditions suggest a more nuanced approach, considering both the strength of the USD and other global economic indicators.