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  • #73,001
  • Apr 17, 2025 1:59am Apr 17, 2025 1:59am
Maybe one more bounce to the upper trendline and somewhere near 3350 level which would would also take out previous swing high.
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  • #73,002
  • Apr 17, 2025 2:03am Apr 17, 2025 2:03am
London open gave us hints to visit downside a bit. We'll see if it continues in NY session. Anything can happen, its a risky setup for sure!!
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  • #73,003
  • Apr 17, 2025 2:04am Apr 17, 2025 2:04am
Quoting Insights224
Gold has recently surged to 3,341, approaching resistance at 3,350. With the RSI currently at 75.81, it’s clear that the market is in overbought territory, so I’m expecting some pullback soon. Here are the key levels I'm watching: Resistance: 3,350. If we break this, Gold could push toward 3,360. Support: 3,310-3,280. If the price retraces, these levels might offer support and could be a good place to buy. Given the overbought conditions, I expect some short-term correction. If Gold retraces to 3,310-3,280, I’d be watching for signs of a bounce...
In the last few months, there is no "overbought" in gold dictonary. The price keeps going up. 3000 pull back is very possible. When gold touches the xx50 area a new ATH, normally it pulls back a little.

But I don't know… I have a bad feeling. Maybe it will stay around 3320–3330, then move to 3500. Why 3500? Just because it's a round number and easy for the human brain and eyes. Right now, fundamentals are very strong. If Trump tweets something, the bull dream might come true. The way bulls pushed the market recently, I don’t think bears will show up soon or there will be any big retracement any time soon. For having a big retracement there have to be a big significent good news for bears!

Check the chart how price react: 3250 to 3200 and then boom!
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  • #73,004
  • Apr 17, 2025 2:04am Apr 17, 2025 2:04am
Quoting Donsama
If patience and discipline were easy Everyone would be profitable till now. "This game is built for those with iron veins."
investment strategy gives maximum profits
trading strategy gives maximum tension

both are good
  • #73,005
  • Apr 17, 2025 2:08am Apr 17, 2025 2:08am
(XAUUSD) is currently sitting on a key support level around 3320. From here, we could see two possible moves: if price holds and shows rejection at support, there’s a high chance of a bounce back up towards the trendline resistance around 3345. But if price breaks below the support level, expect a strong drop, potentially continuing the bearish trend. Watch price action closely at the support zone for confirmation.
  • #73,006
  • Apr 17, 2025 2:11am Apr 17, 2025 2:11am
Gold buy now : 3324 - 3321
Sl : 3319
Tp : 3333
  • #73,007
  • Apr 17, 2025 2:16am Apr 17, 2025 2:16am
Quoting LoneTrader1
Maybe one more bounce to the upper trendline and somewhere near 3350 level which would would also take out previous swing high. {image}
Alternative scenario a confirmed break of lower trendline and 3318
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  • #73,008
  • Apr 17, 2025 2:36am Apr 17, 2025 2:36am
Quoting Nordling
{quote} I'm hoping that yesterday's market snapshot that i shared was helpful for some. The risk off conditions yesterday helped Gold pump up and SPX closed the day in red. USD was weak too. Today the market seems the opposite, US yields are up, USD is up but not for safe haven demand. The opposite, USD is recovering and the risk is on today. SPX is going up. Oil is also going up. Safe havens like Gold, JPY and CHF are going down. Signing that USD strength doesn't come from the safe haven demand but it stems from the market feeling optimistic about...
30 Min after London opening
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  • #73,009
  • Apr 17, 2025 2:40am Apr 17, 2025 2:40am
Still waiting and waiting to be a buyer. So, waiting is painful. Just IMO. Please refer own preference.
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Look right, we'll see the signs
  • #73,010
  • Apr 17, 2025 2:46am Apr 17, 2025 2:46am
Quoting MrGoldie
Short 3305 target,holds to fly ,2400-2450-2500 anywhere btw these
Hard down ,ups nd downs before flying

Green pips to be cont. To all
Be prepared for the Global Panic
  • #73,011
  • Apr 17, 2025 3:03am Apr 17, 2025 3:03am
Quoting LoneTrader1
{quote} Alternative scenario a confirmed break of lower trendline and 3318 {image}
The alternative scenario not confirmed yet...
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  • #73,012
  • Apr 17, 2025 3:03am Apr 17, 2025 3:03am
Scalp long
back to the equilibrium
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  • #73,013
  • Apr 17, 2025 3:17am Apr 17, 2025 3:17am
3305 touch nd fly
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Be prepared for the Global Panic
  • #73,014
  • Apr 17, 2025 3:30am Apr 17, 2025 3:30am
this divergence is disturbing me
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  • #73,015
  • Apr 17, 2025 3:40am Apr 17, 2025 3:40am
Hourly bullish order block around 3303-3307
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  • #73,016
  • Apr 17, 2025 3:45am Apr 17, 2025 3:45am
i am short on gold, small scalp, entry: @3319.22
sl is tight @3324.66

using low risk


edit: not really a price action trader so be carefull with that trade
Hi there!!!
Northsar trader, high risk All Time Profit: $753,971
  • #73,017
  • Apr 17, 2025 3:51am Apr 17, 2025 3:51am
Quoting Whale
Scalp long back to the equilibrium {image}
not good sl location.
bummer..
Enter again same place.

tp the same sl 3310zz below 50% of OB
  • #73,018
  • Apr 17, 2025 3:53am Apr 17, 2025 3:53am
Quoting northstar-
i am short on gold, small scalp, entry: @3319.22 sl is tight @3324.66 using low risk edit: not really a price action trader so be carefull with that trade
m30 OB support well.

imo price will go ip some to NY.. later maybe short.
  • #73,019
  • Apr 17, 2025 4:00am Apr 17, 2025 4:00am
Hi

My 9/21-EMA bearish crossovers across 1-hour, 4-hour, and 1-day timeframes, combined with China/Europe selling, suggest a 60-80% chance of a short-term correction. Historical patterns indicate a 2-5% pullback ($3,352 to $3,285-$3,185) is likely, with deeper drops (to $3,095-$3,080) possible if supports break. Look out EMA merging in 1h tf this rarely happens .. therefore I am a swing trader waiting on Swing (4-Hour/Daily): Hold shorts targeting $3,095 if $3,320 breaks, with a wider stop ($3,365). Don't get panic be relax let trust the process

peace off
Umm E Mustafa
  • #73,020
  • Apr 17, 2025 4:06am Apr 17, 2025 4:06am
Quoting Whale
{quote} m30 OB support well. imo price will go ip some to NY.. later maybe short.
could happen, will be securing my entry if gold goes down 10 - 15 pips
Hi there!!!
Northsar trader, high risk All Time Profit: $753,971
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