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  • #74,361
  • Apr 25, 2025 3:48pm Apr 25, 2025 3:48pm
Quoting Kwt4x
{quote} you're trying to make a channel so you know direction to trade, correct ? but you only can draw the channel after the fact of printed price, correct ? and when price break the channel to change direction, you need to wait for at least 2 high's and 2 low's to draw the new channel with the new direction, correct ? don't you think you'll be more focused on drawing channels than trading ? and maybe you can't trust your trades because you're not sure about the channels. if what you're looking for is direction and channel breakout, you don't need...
Thank you so much for your advice I will practice with BB now. Set it at 96
  • #74,362
  • Apr 25, 2025 9:16pm Apr 25, 2025 9:16pm
IMHO, as the market starts to grow "immune" from Trump's tweets / words, like I'll fire Powell / I've talked to Xi / I've made 200 deals / I've ended the Ukraine war in 1 day, or whatever, gold's volatility should start to wane and the price should slowly retreat towards the $3000-$3100 levels over the next few weeks.
The US administration has been trying to "talk up the market" in the past week, but the status quo remains unchanged. Tariff's still there, China is not talking, no deals are made, the wars are still ongoing, Fed is still Fed.
  • #74,363
  • Apr 25, 2025 11:33pm Apr 25, 2025 11:33pm
Quoting Whale
{quote} could be.. intraday liquidity prices are 3303 and 3314.X
so, price took out both of them and back to area I marked as a sell zone for Friday..

it will be very interesting how Asia react for it on Sunday.

i will back to trading at Mondays London open.
  • #74,364
  • Apr 26, 2025 1:06am Apr 26, 2025 1:06am
Checking pa , though correction still not any enough as next top failure limit 3245 intact ,in bull but in a smaller bear set up running having double top and double bottom in the play over limit signal and at tl channel support and this bear set may get a new wave b before c down for limit test again.so range up almost flat running, next decision or reaction may around 3340/65 .let's see , take care
https://www.forexfactory.com/thread/...8#post15228778
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #74,365
  • Apr 26, 2025 1:25am Apr 26, 2025 1:25am
Quoting KBL47
{quote} very true!! your words are what make you a great person "waiting is painful" but if you want to be the best you have to wait and that is a quote I will use for my whole life. there are a lot of great traders here true, Whale, MRProfit21, MrGoldie, Fxmasterdxb, noobtrader8, PatienceFx, d1zzy, and a whole lot more!!! We are here to learn from each other and that's the purpose of the group.. Let's push positivity, enjoy the weekend and focus on GOLD. See you next week all the way from South Africa!!
No matter who we are, let's learn together. With respect and honor.
Look right, we'll see the signs
  • #74,366
  • Apr 26, 2025 1:37am Apr 26, 2025 1:37am
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The pullback may just be a little turn into a smaller sub wave of W3 down, which might be coming Monday. I have a feeling that the Asian session could send it further down, but support says the contrary. Let's see.
  • #74,367
  • Apr 26, 2025 1:48am Apr 26, 2025 1:48am
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  • #74,368
  • Apr 26, 2025 2:13am Apr 26, 2025 2:13am
Quoting azhantahir
{quote} +-350 pips {image}
BULLISH IMPULSE. LIKELY SIMILIAR BUT...

Three different methods with three different targets.

1. TFM15 for MT5 - Price Action (Red single lines)
2. TFM15 for MT5 - Initial Balance(Blue & Red Rectangle + Lines)
3. T5M15 for Trading View - SnR/SnD

All about the differences in methods. IMO

All Price Action, Initial Balance, SnR and SnD are subjective. It depends on our own analysis. Indicators?. It's purely manual Thats why, waiting is painful.
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Look right, we'll see the signs
  • #74,369
  • Apr 26, 2025 3:06am Apr 26, 2025 3:06am
Escalating tensions between India and Pakistan may trigger a bullish gap in gold at the market open.
  • #74,370
  • Apr 26, 2025 4:27am Apr 26, 2025 4:27am
Quoting azhantahir
{quote} BULLISH IMPULSE. LIKELY SIMILIAR BUT... Three different methods with three different targets. 1. TFM15 for MT5 - Price Action (Red single lines) 2. TFM15 for MT5 - Initial Balance(Blue & Red Rectangle + Lines) 3. T5M15 for Trading View - SnR/SnD All about the differences in methods. IMO All Price Action, Initial Balance, SnR and SnD are subjective. It depends on our own analysis. Indicators?. It's purely manual Thats why, waiting is painful. {image} {image} {image}
Weekend proposal or BTC lovers. IMO . , Please refer own preference for RRR.
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Look right, we'll see the signs
  • #74,371
  • Apr 26, 2025 6:08am Apr 26, 2025 6:08am
Hi,
how reliable is investing.com? It is the only one that is showing this huge red candle in the last minutes of the Friday's trade.

Many regards
Fleischbobo
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  • #74,372
  • Apr 26, 2025 6:14am Apr 26, 2025 6:14am
Helllo Buddies, what do you think about the market trend of gold
  • #74,373
  • Apr 26, 2025 9:31am Apr 26, 2025 9:31am
An explosion has occurred at Iran's most significant commercial port, with some sources suggesting Israel's involvement.
  • #74,374
  • Apr 26, 2025 11:14am Apr 26, 2025 11:14am
Quoting fleisch-bobo
Hi, how reliable is investing.com? It is the only one that is showing this huge red candle in the last minutes of the Friday's trade. Many regards Fleischbobo {image}
I think it is incorrect, seeing as the price from dropped 3330, which is not the closing price for Friday. IG markets still show the same closing price as here on FF, 3317.

I speculate a gap up and going up to 3382 on Monday's opening, seeing as there is no war resolution, The BS between Pakistan and India, The explosion in Iran, and Trump still not ceding in these tariff talks. It all points upwards, even though the technicals point hard down, we know how Gold responds preferably to fundamentals. The drop was a combination of taking profit after hitting super round 3500, and talks of lowering tariffs, from both US and China.

So maybe we will go down, but not much, before shooting up.
"Who Dares Wins"
  • #74,375
  • Apr 26, 2025 12:06pm Apr 26, 2025 12:06pm
Upcoming Weekly Analysis!
FA Analysis:
1- Risk: Agreements are underway between Iran-USA and Ukraine-Russia. This has a negative impact on Gold price which is good.
2- Uncertainty Context: Market has started seeing the 90-day tariff pause as an Eternity pause. If Bonds markets (i.e., U10y and U30y) are dropping, Gold will drop with them. They're correlated in the current context.
3- Key Economic Indicators: Market is paying attention to recession status and inflation. Bad economic data and higher inflation will impact positively Gold price and vice-versa. But the impact of negative data will be softer than the impact of positive data as the current gold price is already pricing in the negative data.

So from FA perspective, Gold direction should be South.
TA Analysis:
Weekly TF:
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- The weekly candle closed red and bearish with a large wick.
- A continuation is expected.
Daily TF:
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- The daily close is irrelevant as the daily candle is an inside the previous red daily candle. Price must break and close the larger red daily candle for clear direction. Until then, uncertainty will prevail.
Hourly TF:
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- Price is inside a VA to resume the down trend.
- 3324-3330 will provide a great opportunity to go short.
GL!
  • #74,376
  • Edited 1:11pm Apr 26, 2025 12:52pm | Edited 1:11pm
I think it’s better to buy rather than sell, considering the simple analysis (bet) and the upward-supporting pattern for a slightly longer timeframe (weekly). Gold may once again try to knock on heaven’s door (it’s not easy to enter heaven through layered skies) https://www.forexfactory.com/thread/...1#post15219791. Most importantly, calculate the risk (it’s everything). If the first attempt fails, try a second or third time, with a maximum risk of 1.5% totale (3 trades).

Now, Correct me if I’m wrong!
18132 pips from 3318.68 to 3500.00
1/3 ADR (21) is 773 pips /3 = 258 pips (risk 1 unit)

18,132 pips / 258 pips
= 70.28x

if pip value of your account $10 for Gold (on $50K acc)
Open 0.10 Lot
SL 258 pips (if -0.5%)
TP Top (so be it +35.4%)

Timing Entry could differ of course...

Lol
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fooled by randomness in art
Meditation All Time Return: 8.9%
  • #74,377
  • Apr 26, 2025 3:33pm Apr 26, 2025 3:33pm
Quoting Fadhl
Upcoming Weekly Analysis! FA Analysis: 1- Risk: Agreements are underway between Iran-USA and Ukraine-Russia. This has a negative impact on Gold price which is good. 2- Uncertainty Context: Market has started seeing the 90-day tariff pause as an Eternity pause. If Bonds markets (i.e., U10y and U30y) are dropping, Gold will drop with them. They're correlated in the current context. 3- Key Economic Indicators: Market is paying attention to recession status and inflation. Bad economic data and higher inflation will impact positively Gold price and vice-versa....
superb
Be prepared for the Global Panic
  • #74,378
  • Apr 26, 2025 3:38pm Apr 26, 2025 3:38pm
Xauusd M15
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The vampire ball is ending... Operation: Epic Escape (Paper Eagle)
XAUUSD, CRYPTO! Return Today: 0.5%
  • #74,379
  • Apr 27, 2025 1:54am Apr 27, 2025 1:54am
Quoting RogerCS
Xauusd M15 {image}
Great analysis.
  • #74,380
  • Apr 27, 2025 2:40am Apr 27, 2025 2:40am
Quoting fleisch-bobo
Hi, how reliable is investing.com? It is the only one that is showing this huge red candle in the last minutes of the Friday's trade. Many regards Fleischbobo {image}
Pepperstone, only reliable chart provider when in doubt - add them to your TradingView
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