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  • #75,601
  • May 7, 2025 10:08am May 7, 2025 10:08am
3 hours before the bell
12 M15 candles - 1 candle before red news
So 11 candles left
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Meditation All Time Return: 8.9%
  • #75,602
  • Edited 11:04am May 7, 2025 10:20am | Edited 11:04am
Still BULL looking for a throw back and will decide then.
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  • #75,603
  • Edited 2:24pm May 7, 2025 10:40am | Edited 2:24pm
before fomc it looks testing highest level care now , so watching signal 3381.89 and hold for bottom play possible . take care
again for fomc price likely wants at possible highest level to cope the price fluctuation . so may stay above 3381.89 till then!! , may up and that level if , lets see
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #75,604
  • May 7, 2025 11:10am May 7, 2025 11:10am
I would recommend avoid trading gold today unless its a quick scalp, multiple reports are indicating pakistan is planning retaliation attack on india, if so happens gold will fly, probably to ATH, but if both parties reach to an agreement, gold could tank
  • #75,605
  • May 7, 2025 12:51pm May 7, 2025 12:51pm
Quoting RoelsMajor
3 hours before the bell 12 M15 candles - 1 candle before red news So 11 candles left
Closed 15 minutes before the bell
Loss -0.13%
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Meditation All Time Return: 8.9%
  • #75,606
  • May 7, 2025 12:56pm May 7, 2025 12:56pm
Quoting fxmasterdxb
I would recommend avoid trading gold today unless its a quick scalp, multiple reports are indicating pakistan is planning retaliation attack on india, if so happens gold will fly, probably to ATH, but if both parties reach to an agreement, gold could tank
Expecting Tanking/reach to agreement
Be prepared for the Global Panic
  • #75,607
  • May 7, 2025 1:00pm May 7, 2025 1:00pm
Quoting axecap
{quote} So if FOMC is the catalyst for that to happen what is it you think he will do and say? is it : A- leave rates as they are with dovish statement. B- leave rates as they are with hawkish statement. C- Lower rates with dovish statement. D- Lower rates with hawkish statement. E- Raise rates with hawkish statement. F- Raise rates with dovish statement.
Now A or B
Be prepared for the Global Panic
  • #75,608
  • May 7, 2025 1:06pm May 7, 2025 1:06pm
Quoting MrGoldie
{quote} Now A or B
The presss conference is what is important, he will try to say nothing.
Waiting for more data etc etc..Unemploymnet will be come more important than inflation
Its all just one persons opinion
  • #75,609
  • May 7, 2025 1:07pm May 7, 2025 1:07pm
Quoting MrGoldie
{quote} Now A or B
Expected B
follow the flow of music $
  • #75,610
  • May 7, 2025 1:08pm May 7, 2025 1:08pm
The FOMC statement is in 30 minutes. For gaming prop firm traders, this news isn’t very useful, and trading is only allowed +5 minutes after red news. So wait 35 minutes total. For now, consolidation is below the 50 EMA—it’s okay, don’t release The Kraken too early. Lol
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  • #75,611
  • Edited 2:28pm May 7, 2025 1:20pm | Edited 2:28pm
Watching m5 tf as burst up before likely down play , watching 3380 test breaks then ! Anyway no play post news also today !
Good bear then ! Below 3380

Well fone test 3360 , but may no success test and next level, so no direction confirmed yet !! Both 3360+50 need break and hold for bear !!
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #75,612
  • May 7, 2025 1:35pm May 7, 2025 1:35pm
no matter what 3401 will take out… just waiting patiently
  • #75,613
  • May 7, 2025 1:37pm May 7, 2025 1:37pm
Quoting fontu
Watching m5 tf as burst up before likely down play , watching 3380 test breaks then ! Anyway no play post news also today ! {image} {image}
It looks like Gigantic Pennant to me. I might be wrong, Lol
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Meditation All Time Return: 8.9%
  • #75,614
  • May 7, 2025 2:17pm May 7, 2025 2:17pm
Absolutely zero reason for us to drop this far. news is as expected and priced in. Screams of a liquidity sweep before a big move in the Asian session.
  • #75,615
  • May 7, 2025 2:42pm May 7, 2025 2:42pm
Quoting RoelsMajor
{quote} It looks like Gigantic Pennant to me. I might be wrong, Lol {image}
Not as such but at top bull set up very intact till 3360/50 intact or even breaks down too while if strong bull fail then bear set up still may through last leg up as proper wave b up easily before 3360/50 break as bear .check probable pa/ sets ups! 3 alternative pa possible here
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #75,616
  • Edited 3:14pm May 7, 2025 2:59pm | Edited 3:14pm
Quoting fontu
{quote} Not as such but at top bull set up very intact till 3360/50 intact or even breaks down too while if strong bull fail then bear set up still may through last leg up as proper wave b up easily before 3360/50 break as bear .check probable pa/ sets ups! 3 alternative pa possible here {image}
Currently, the pennant is no longer valid and the EMA is starting to curve downward, so there might be a slight bounce above the EMA tomorrow before continuing to drop. The pennant pattern is broken. Looking for an early sell opportunity during the Asian session might be a good idea. GBP/USD also dropped, but it aligns with the pattern we discussed earlier: https://www.forexfactory.com/thread/...4#post15239054
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: GBPUSD.iM15.png Size: 27 KB
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Meditation All Time Return: 8.9%
  • #75,617
  • May 7, 2025 3:28pm May 7, 2025 3:28pm
long 3364.9
sl: 3357
Bulls Run. Bears Bite. We Profit.
  • #75,618
  • May 7, 2025 3:30pm May 7, 2025 3:30pm
Quoting RoelsMajor
{quote} Currently, the pennant is no longer valid and the EMA is starting to curve downward, so there might be a slight bounce above the EMA tomorrow before continuing to drop. The pennant pattern is broken. Looking for an early sell opportunity during the Asian session might be a good idea. GBP/USD also dropped, but it aligns with the pattern we discussed earlier: https://www.forexfactory.com/thread/...4#post15239054 {image} {image}
2 to round double tops may easily cause accumulative camel action long neck and mouth to raise if. Anyway let's see next day what happen ,,! Gbpusd and eurusd taken top to bottom today's pips!
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #75,619
  • May 7, 2025 3:34pm May 7, 2025 3:34pm
Quoting Fadhl
{quote} Gold has two options from daily TF: 1- Make a new HL; or 2- Continue up for a new HH For either option, price needs to break yesterday Low for a new HL or yesterday High for a new HH. Until then it's just noise. I still think, price will make a new HL first. {image}
Price is underway to make a new HL. Watching 3315 as a goo area to go long.
  • #75,620
  • May 7, 2025 3:40pm May 7, 2025 3:40pm
Quoting Dominicus
There is no significant news today so i think gold will move sideways within range 3352 ~ 3400 {image} what do you think guys?

GOLD movement still within my prediction

And FED doesn't move gold much because the actual data the same as previous one.
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