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  • #70,641
  • Apr 3, 2025 7:56am Apr 3, 2025 7:56am
Quoting MoneyPrinte
{quote} bloody day... {image}
Loss is real, it teaches deep
A lesson strong that traders keep
Protect your cash, survive the test
Risk comes first forget the rest
https://x.com/moneyprinte
  • #70,642
  • Apr 3, 2025 7:57am Apr 3, 2025 7:57am
Last but not least destination is 3055
i have a buy limit there
will be happy to make it.
  • #70,643
  • Apr 3, 2025 7:57am Apr 3, 2025 7:57am
Quoting Tarcisius
{quote} But judging as an investor why should I cash out from Gold and then risk my cash to another currency which is prone to trade war?...Theres more to this drop..Reason is yet to be known
Thing is most major investors look at gold as carry trades, they carry margin from other profitable trades like currencies/indices and stuff to take long time swing positions on gold - depending on certain conditions they are prone to take profits to manage the other bigger positions - just cash in basically.

Not sure if you remember but a while ago BOJ raised rates over night and everything was bleeding everywhere - something similar going on right now
  • #70,644
  • Apr 3, 2025 8:00am Apr 3, 2025 8:00am
Quoting Whale
Last but not least destination is 3055 i have a buy limit there will be happy to make it.
Maybe but this looks like the current low and I can't see us going any further down, which I'm fine with because I'm in buys but we'll see
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  • #70,645
  • Apr 3, 2025 8:05am Apr 3, 2025 8:05am
Quoting d1zzy
{quote} Thing is most major investors look at gold as carry trades, they carry margin from other profitable trades like currencies/indices and stuff to take long time swing positions on gold - depending on certain conditions they are prone to take profits to manage the other bigger positions - just cash in basically. Not sure if you remember but a while ago BOJ raised rates over night and everything was bleeding everywhere - something similar going on right now
Donald Duck sent a message for you ..
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Candlesticks dont move markets, Volume does
  • #70,646
  • Apr 3, 2025 8:06am Apr 3, 2025 8:06am
I am not sure this image helps to understand how the contrarian trading works .. I attached some images from weekly to 1 hour ( top down approach )

multiple timeframe support zone converge at one zone then the price will react ( from my entry $14 up and i exit)
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  • #70,647
  • Apr 3, 2025 8:07am Apr 3, 2025 8:07am
Quoting Goldvsbtc
{quote} weak under 3060-65 level.
Let's see.......................
  • #70,648
  • Apr 3, 2025 8:08am Apr 3, 2025 8:08am
overall situation still strong down!
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #70,649
  • Apr 3, 2025 8:09am Apr 3, 2025 8:09am
One thing I learned from trading after all these years is that price will almost always create a wick on both sides before it continues on its direction wherever its going, its creating a bottom wick now which indicates last move down before creating a top wicking and carrying on up

Don't panic, let the market talk
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  • #70,650
  • Apr 3, 2025 8:11am Apr 3, 2025 8:11am
Setting buy limit at 3057.6

Current sell position from 3078 will slo close at 3057.6
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  • #70,651
  • Apr 3, 2025 8:12am Apr 3, 2025 8:12am
Quoting Xauusdscalpr
{quote} Maybe but this looks like the current low and I can't see us going any further down, which I'm fine with because I'm in buys but we'll see {image}
maybe yes maybe no.

i follow special level that market should clear. 3055 is one of them. Like 3077 that we have clear
Not today? So tomorrow.
later it will rise probably.. no guarantees
  • #70,652
  • Apr 3, 2025 8:12am Apr 3, 2025 8:12am
Quoting Praetorion
{quote} Donald Duck sent a message for you .. {image}
Dirty

One of those days where sentiment takes over bias, really hope we get some huge correction - tired of all this bull play for years now
  • #70,653
  • Apr 3, 2025 8:13am Apr 3, 2025 8:13am
Quoting Whale
{quote} maybe yes maybe no. i follow special level that market should clear. 3055 is one of them. Like 3077 that we have clear Not today? So tomorrow. later it will rise probably.. no guarantees
3055, also had my buy activate here so looking forward to the move up from here, SL at 3047
  • #70,654
  • Apr 3, 2025 8:16am Apr 3, 2025 8:16am
Quoting d1zzy
{quote} Dirty One of those days where sentiment takes over bias, really hope we get some huge correction - tired of all this bull play for years now
hold the 4 hr candle close. they are finishing off the sells. next 4hr in 42 mins
Candlesticks dont move markets, Volume does
  • #70,655
  • Apr 3, 2025 8:16am Apr 3, 2025 8:16am
Quoting fontu
overall situation still strong down! {image} {image}
Agree.
  • #70,656
  • Apr 3, 2025 8:17am Apr 3, 2025 8:17am
I do see correlation between spot gold and gold futures. There is a gap and usually those gaps need to be filled. Interested to see if this comes down to close the gap
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  • #70,657
  • Apr 3, 2025 8:18am Apr 3, 2025 8:18am
Quoting Xauusdscalpr
{quote} 3055, also had my buy activate here so looking forward to the move up from here, SL at 3047
And there's the bounce, easy does it
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  • #70,658
  • Apr 3, 2025 8:20am Apr 3, 2025 8:20am
Quoting Xauusdscalpr
{quote} And there's the bounce, easy does it {image}
buy limit 3056, closed at 100pips
  • #70,659
  • Apr 3, 2025 8:21am Apr 3, 2025 8:21am
Quoting Xauusdscalpr
{quote} 3055, also had my buy activate here so looking forward to the move up from here, SL at 3047
good luck bro.. i call it a day.
over trading, over scalping.
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  • #70,660
  • Apr 3, 2025 8:22am Apr 3, 2025 8:22am
For swing trading I think 3000 or 2955 would be nice (Capital.com).
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