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  • #75,441
  • May 6, 2025 6:09am May 6, 2025 6:09am
Heavily Bullish now due to the close of yesterday's daily candle. Just waiting for a liquid grab + a bos then in we go for longs !
  • #75,442
  • May 6, 2025 6:14am May 6, 2025 6:14am
i think price wants to go down for short due to the enternal range ERL structure
  • #75,443
  • May 6, 2025 6:25am May 6, 2025 6:25am
Come on Gold ...break Asian high and explode please!
  • #75,444
  • May 6, 2025 7:03am May 6, 2025 7:03am
Quoting Fadhl
Gold is up today for mainly one reason, in my view: Risk of war is back: Israel-Yemen-Iran; {image} From the chart, key area to watch: 3370. A close above this level will be considered a change of structure and the end of the down movement. The down movement was supported by the rumor of tariff deals. If nothing will happen in this front during the next few days, Gold is up and vice-versa.
Price is around the change of structure area. Bears have to defend this area and close below 3370 by end of day. Otherwise, they're done.
I'm taking a small sell position with STP at 3390. TP is open until end of day.
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  • #75,445
  • May 6, 2025 7:09am May 6, 2025 7:09am
Next stop 3400 for bulls..
follow the flow of music $
  • #75,446
  • May 6, 2025 7:09am May 6, 2025 7:09am
what would be ideal is for a liquidity sweep into TKY session's low, then some sort of BOS in there or out of there with a strong candle of some sort. No news today either. Tomorrow is FFR & FOMC. So let's see what NY gives us today. Good Luck Peeps !
  • #75,447
  • Edited 8:38am May 6, 2025 7:25am | Edited 8:38am
Not even done the early confirmation , ok testing at least , still rejecting!! Let's see
H1 and higher tf pose high so suddenly!!

Update: so to deal with a new bull , while early top failure 3385 and that level may difficult to hold ,so top ranging again possible before further up !
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #75,448
  • May 6, 2025 7:38am May 6, 2025 7:38am
My next points of interest are 3421 & 3430, im expecting a pull back from those levels
  • #75,449
  • May 6, 2025 7:46am May 6, 2025 7:46am
Quoting Fadhl
{quote} Price is around the change of structure area. Bears have to defend this area and close below 3370 by end of day. Otherwise, they're done. I'm taking a small sell position with STP at 3390. TP is open until end of day. {image}
Stopped!
  • #75,450
  • May 6, 2025 7:52am May 6, 2025 7:52am
looks pretty nice so far, still waiting for a move to the downside from here now

*edit* looks like the hour will close above prev hour. potentially will enter here.
  • #75,451
  • May 6, 2025 8:45am May 6, 2025 8:45am
Gold is showing strong bullish momentum as it pushes back above the $3,390 level, approaching the previous local high zone near $3,400–$3,420. This move follows a clear breakout from the consolidation range that held price sideways between roughly $3,260 and $3,320 for several days.

The current rally seems to be supported by strong volume, as indicated by the volume profile zone that previously acted as resistance and now appears to have been absorbed. If gold can break and hold above $3,400, I believe the next target would be a re-test of the high near $3,480.

Looking at RSI, it’s now around 69, which signals that gold is nearing overbought territory. While this doesn’t confirm a reversal, it suggests that the current bullish leg may slow down or face some resistance soon. Any pullback from this level could find support near the $3,340–$3,320 area, which aligns with the high-volume node from the previous consolidation.

In short, I think gold is in a strong recovery phase, and if momentum holds, we might see new highs tested soon — but a short-term pullback wouldn't be surprising given the overbought signals.
  • #75,452
  • May 6, 2025 8:55am May 6, 2025 8:55am
Quoting MrGoldie
H4 broke 3290 3312 daily candle resistance 3265 (resistance to support) Break above 3265 on h4,3323 3360 limit test possible before further fall Good Week to Start,Hope fr positivity {image}
Perfect

Entered selling level
3416 good to go 3130-3020
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Unconcerned: Trend break above 3430, double top or 3509
Prediction:Today's daily candle close below 3384
Be prepared for the Global Panic
  • #75,453
  • May 6, 2025 9:07am May 6, 2025 9:07am
Don't sell, only buy I guess, signs of a bull market are still everywhere (in the circle, red candle and then inverted cross), but yeah I could be wrong, but range 3 hasn't shown any weakness yet. Goode Luck! Lol
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fooled by randomness in art
Meditation All Time Return: 8.9%
  • #75,454
  • May 6, 2025 9:14am May 6, 2025 9:14am
untrade-able conditions for me ibr. this week and last been a load of mumble jumble
  • #75,455
  • May 6, 2025 9:17am May 6, 2025 9:17am
Watching closely dxy for potential reversal on major support/resistance area

could affect gold price in the short term
  • #75,456
  • May 6, 2025 9:27am May 6, 2025 9:27am
You have to wait and trade at the top and bottom of the channel.
@signal_apadana
tlgrm
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  • #75,457
  • May 6, 2025 9:31am May 6, 2025 9:31am
Quoting Whale
Watching closely dxy for potential reversal on major support/resistance area could affect gold price in the short term
gold will target 3350ish (3358.5 London low)
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  • #75,458
  • May 6, 2025 9:40am May 6, 2025 9:40am
today range is not done yet.

No sell for me until range is done.
Intraday only.
  • #75,459
  • May 6, 2025 9:41am May 6, 2025 9:41am
Quoting d1zzy
Adding longs here, stops under recent 30m correction again, bit of a wide range though have to manage this position. TP current high 3387
Just noticed; hit TP probably my only trade for the day I’d imagine NY to be weird tonight just coz of FOMC tomorrow. Trade safe yall
  • #75,460
  • May 6, 2025 9:51am May 6, 2025 9:51am
Quoting Whale
{quote} gold will target 3350ish (3358.5 London low) {image}
Entered again after they stopped me on BE plus few.


P.S, im not a prophet but usually this behavior is a reversal setup on HTF like 4h
so we could drop below 3200 in couple of days (very early to say)
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