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Gold

Quoting arulisme
Monday trading plan.Buy on every drop..
Your consistency has to be admired.
In other news: the earth is flat. Aliens built the pyramids. And god exists
Quoting Lloyd628
{quote} Your consistency has to be admired.
its not my consistency..its gold consistency .See how Gold unfazed by USD strong data NFP on friday.. Just treat downside movement as correction/retracement
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Quoting PatienceFx
january 25 the pied piper of washing town sits in his chair and his mission is strong usd so gold may fall
2863?
Or its correction
Eight-Day System
Quoting ElCampeador
and now a comment about trading. I have several long bitcoin positions averaging 94,000. Although this thread discusses gold, I have dared to introduce bitcoin comment since the gold market is closed at the moment. Target is 114,000, so I have to apply high precision adding along the way.
so long that 91K holds ..
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Quoting Praetorion
{quote} so long that 91K holds .. {image}
Hi. contrary to the popular narrative when it is stated that no one knows the direction of the market or what is the next movement, fortunately I already know that bitcoin will hold in this case
Eight-Day System
Quoting Azen
{image}
Hi Azen,
What do you say, am I right or not?
Eight-Day System
Quoting ElCampeador
{quote} Hi. contrary to the popular narrative when it is stated that no one knows the direction of the market or what is the next movement, fortunately I already know that bitcoin will hold in this case
Quoting ElCampeador
{quote} Hi Azen, What do you say, am I right or not?
Hi, you are always correct in your own world.

For bitcoin, in the last 3 days, the value is almost neutral and most participants agree on this price range. However, a large market participant will break this range sooner or later.
Chicken trading 100k account.

https://www.instagram.com/reel/DEpae...swa3k0cGNjdw==
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4H Time Frame, In premium, Supply zone + FVG
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15M Time Frame Looking for Liquidity Zone [Purple Zone] as Targets

What do you think about it ?
Are you bullish or bearish for the next week ?
Learning from every trade
Quoting Azen
{quote} Hi, you are always correct in your own world. For bitcoin, in the last 3 days, the value is almost neutral and most participants agree on this price range. However, a large market participant will break this range sooner or later.
Thank you caballero
Eight-Day System
Quoting saal
{quote} Still running from yesterday. We took profit TP1+TP2+TP3+TP4 TP5 coming soon TP6 to be added 2684 TP7 to be added 2686
TP6
TP7
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Success is not final, failure is not fatal... - Winston Churchill
Gold has recently broken out of a significant consolidation phase, retesting key levels at 2615 and 2664, which previously acted as potential correction zones. Strong NFP numbers, rising yields, and weak consumer sentiment have positioned gold to challenge the critical 2720 level. This level has faced strong rejection three times. A successful breakout and sustained hold above 2720 could open the path toward the final resistance zone at 2790.10, with the potential for new highs in the 2800 range. This week, with the upcoming releases of CPI, PPI, and retail sales data, there is a possibility of a pullback of about $40 - $50 if the news favors USD. As long as gold remains above 2660, the overall bullish momentum is expected to continue.

Now A little on the fundamental view, there has been a rise in interest rates and gold prices both at the same time, indicating potential for stagflation? In December 2024 Fed Speech, When Federal Reserve Chair Jerome Powell was asked about a possible recession/stagflation arising before consistent progress in controlling inflation, he emphasized: "We are significantly missing on the inflation front, which requires our primary focus on bringing it under control. As the economy recovers, balancing our goals will become feasible, but for now, reducing inflation is our priority." Well Looks to me now that it is going out of control and the market has started to challenge the same. Considering these factors, along with the potential impact of a Trump presidency takeover in a few days, a recession seems obvious in the near term. My outlook for gold remains weighted to the upside.

lets see if this plays out in the coming week.
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In the near future, will the US sanctions on Russia on oil affect oil prices and indirectly affect gold prices?
Quoting IndianFX
Chicken trading 100k account. https://www.instagram.com/reel/DEpae...swa3k0cGNjdw==
I watched it pass phase 1 & 2, and profit. That chicken is better than most traders here, me included
Quoting ElCampeador
If price Falls below 2662, possible reversal has occured
Since I don't like this last pattern from Friday at all, I was reviewing it again. the chances that it has peaked are there. I need to see some more evolution and I will know if it continues to rise or turns down at 2688 after corrrecting. If so, target is 2489.
Eight-Day System
Quoting ElCampeador
{quote} Since I don't like this last pattern from Friday at all, I was reviewing it again. the chances that it has peaked are there. I need to see some more evolution and I will know if it continues to rise or turns down at 2688 after corrrecting. If so, target is 2489.
Always using my set of drawing rulers
Eight-Day System
Quoting ElCampeador
{quote} Always using my set of drawing rulers
Yes!
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"Live & Let Live" - David Gilmour
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