Gold

Personally no bitterness.
But I'm not done with you.
On a scale of 1 to 10, how much for your ego?
And about your GURU,
My request persists, I start to think that no one is able to answer and certainly not the blind followers.

markets pretty fuckingboring.. anyone see the shark ?

So I decided to take things in to my own hands and push it

Stop posting your underwear

Breakout-pullback-Buy

there is no pullback or breakout for gold. no one knows wtf is going on! only thing we can do is scalping. there is no swing trade!


edit: idk if there was any important Chinese news which making the price go up!

That is the only logical place a shark can be found

Taking tiny pot shot early in the morning feels nice

There were definitely swing trades on Gold, I caught one. Could have probably held for weeks if I wanted to. There were absolutely pullbacks as well, don't know what market your trading. Just look at the bigger picture.

on pc now

Already at 100% of ADR(60) in Asia session with $20 retracement

for those wondering about ADR

ust ADD ATR 14 value to the low of the day

No bitterness, just persistence?
ok i Got it.


If you’re still circling the same question while claiming not to be bothered… that says more about your curiosity than my ego.

And as for “blind followers”—is that what we’re calling people who ask fewer questions and actually trade more?

Here’s a thought: maybe stop trying to measure egos and start measuring results.
The scoreboard’s public.
Everyone can see who’s trading, and who’s just talking.

don't just follow indicators

just ask WHY price had a significant resistance or support here, what was TRUMP thinking

how is current gold rally related to nasdaq why did they start on same day same time

3120~25 is a potential reversal zone. but this asian session always manipulates the market. can touch 3140~42 before NY session and then dump to 3060.

Eplained in simple terms

Average Daily Range (ADR) - The analyst is highlighting that a significant portion of the expected daily movement has already occurred within the Asian session. The $20 retracement suggests some profit-taking or a temporary pause after this strong move. The recommendation to add the ATR to the low of the day is a way to anticipate where buyers might step in based on the market's recent volatility.
Near-Term Outlook:
Given that the ADR has already been met in the Asian session, we might see a period of consolidation or further retracement as the European and US sessions begin. However, the fact that the ADR was reached so quickly also indicates strong underlying momentum.
Potential Scenarios and Trading Considerations:

1. Further Bullish Momentum: If strong buying pressure persists into the European session, the price could break above the Asian session high and extend beyond the average daily range. In this case, look for continuation patterns on smaller timeframes.
2. Consolidation: The $20 retracement might be the start of a consolidation phase for the rest of the day, with price action contained within a relatively tight range. Range trading strategies could be considered in this scenario, focusing on buying near the calculated support (low + ATR) and selling near the Asian session high or other identified resistance levels.
3. Deeper Retracement: The retracement could deepen, potentially testing the calculated support level (low + ATR). Look for bullish reversal patterns at this level for potential buy entries, keeping in mind the overall bullish context implied by the fast-reached ADR.

Key Levels to Watch:

1. Asian Session High: A break above this level could signal further upside.
2. Asian Session Low: A break below this level could signal a deeper retracement.
3. Low of the Day + ATR (14): This is a key potential support level for buy entries.

Trading Strategy:
Be prepared for all three scenarios. Monitor price action closely around the key levels mentioned above. Look for confirmation signals (candlestick patterns, volume) before entering any trades. Given the strong initial move, focusing on potential buy entries on pullbacks towards the calculated support level might align with the underlying momentum. However, always be ready to adapt if the market presents a clear bearish reversal.

P.S: The above has been explained by Gemini AI

5 minute MacD made a tombstone so exit taken