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  • #75,961
  • May 11, 2025 10:15am May 11, 2025 10:15am
Quoting ChiForex
Folks, I created a Poll : Where do you think Gold price is heading by the end of 2025?
As for now at the current time i thinks or i would say around 3000 to 3500 ..... why? ..... as u can see in the daily chart if we draw the Fibonacci retracement and extension like my drawing ....we could see the price had extends and reach the 423.6% level and clustering around the area .... 423.6% level can indicate a level/zone where the price might struggle to break higher, potentially leading to a pullback or correction ....... then when we look at the weekly chart there is not a single candle yet close above the 423.6% level .... if the candle on the weekly chart keeps close below the 423.6% level i would say price might become bearish and went down to 261.8% level.
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DYOR & risk it smart ... not my call.
  • #75,962
  • May 11, 2025 10:44am May 11, 2025 10:44am
Quoting noobtrader8
{quote} agree.
after friday, 2x ceasefires have been signed. though pakistan/india war have less effect on gold than either ukraine-russia or gaza, the ceasefire will still signal tranquility.

someone mentioned here Trump's goal to strengthen dollar, but due to his desire for lower interest rates and increasing money supply while this debt amount - the day that dollar will strengthen will not be here soon. just more pump and dumps.

gaza and ukraine wars has much larger effect on golds price. big players, big money. middle east is playground for usa and russia.

but yeah tokyo session traders gotta watch out Monday, even though China has lowered there amounts of buying gold, price could grab liquidity on both sides. but I believe price to fall due to the ceasefires. maybe a fake out first, then tap at 3350-3365 begore larger fall. hopefully the fall starts at NYC session when I'm trading

waiting for CPI, if tariffs have had any affects m/m,
and after the CPI, Powells talk on Thursday will be interesting.

Interesting week incoming
  • #75,963
  • May 11, 2025 11:45am May 11, 2025 11:45am
Gold down a little bit
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  • #75,964
  • May 11, 2025 11:56am May 11, 2025 11:56am
Quoting T721
Gold down a little bit {image}
so basically gold gonna open tonight around 3307/09 level?
  • #75,965
  • May 11, 2025 12:11pm May 11, 2025 12:11pm
Quoting ptzu123
{quote} so basically gold gonna open tonight around 3307/09 level?
Take weekend rates with a pinch of salt.
  • #75,966
  • May 11, 2025 12:26pm May 11, 2025 12:26pm
Quoting HHB.XYZ
{quote} Take weekend rates with a pinch of salt.
fair enough, where can i see the weekend rates?
  • #75,967
  • May 11, 2025 12:36pm May 11, 2025 12:36pm
Good Week!
Gold weekly close shows a sign of buyers exhaustion. Price seems toppish. This is also supported by fundamental data and risk context. US macro-economic data is not bad and risk is off. Only uncertainty from Trump's policy is maintained.
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From Daily TF, gold made a HH and HL. So from TA, we should expect a new HH. But the weekly TF weighs more than the daily TF.
Hence, I see two scenarios as per the daily chart.
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  • #75,968
  • May 11, 2025 1:54pm May 11, 2025 1:54pm
Quoting Fadhl
Good Week! Gold weekly close shows a sign of buyers exhaustion. Price seems toppish. This is also supported by fundamental data and risk context. US macro-economic data is not bad and risk is off. Only uncertainty from Trump's policy is maintained. {image} From Daily TF, gold made a HH and HL. So from TA, we should expect a new HH. But the weekly TF weighs more than the daily TF. Hence, I see two scenarios as per the daily chart. {image}
CPI should be the determining factor of gold's trajectory for this week and next too (hopefully with the other releases it should be in conjunction with CPI)
  • #75,969
  • May 11, 2025 1:58pm May 11, 2025 1:58pm
Quoting ptzu123
{quote} fair enough, where can i see the weekend rates?
IG markets
  • #75,970
  • May 11, 2025 2:04pm May 11, 2025 2:04pm
Quoting noobtrader8
{quote} IG markets
3308 now, down -0.49%
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  • #75,971
  • May 11, 2025 2:47pm May 11, 2025 2:47pm
Quoting Fadhl
Good Week! Gold weekly close shows a sign of buyers exhaustion. Price seems toppish. This is also supported by fundamental data and risk context. US macro-economic data is not bad and risk is off. Only uncertainty from Trump's policy is maintained. {image} From Daily TF, gold made a HH and HL. So from TA, we should expect a new HH. But the weekly TF weighs more than the daily TF. Hence, I see two scenarios as per the daily chart. {image}
thx for your perspective....was wondering if a dbl top was forming on the daily.
  • #75,972
  • May 11, 2025 5:05pm May 11, 2025 5:05pm
Quoting RoelsMajor
{quote} From a price-action perspective yesterday, I saw three good opportunities. The first entry (which I didn’t take) could theoretically have yielded 295 pips (1/3 of the 21-period ADR). For the second entry, I moved my stop to break-even prematurely because my sell bias was still strong. The third entry was a big mistake (the last entry) since I sold while the price was still above the EMA. There is none a single Raising Buy at all, only occasional periodic bursts of Max Buy. Fortunately, the price later dropped and there was actually a signal...
Lol Gap Down to 3275 my first TP
Anyway Closed 296 pips, 0.5%
Attached Image (click to enlarge)
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  • #75,973
  • May 11, 2025 5:06pm May 11, 2025 5:06pm
Mt5 pause the gold pairs after 2 mins market open
  • #75,974
  • May 11, 2025 5:11pm May 11, 2025 5:11pm
Quoting Karanjot
Mt5 pause the gold pairs after 2 mins market open
Yea same here in MT4, delay closing 1 minutes, the profit briefly showed around 490 pips and didn’t close even though the TP was set above it. Usually it closes instantly. I gues next price will up from here, closing the huge gap, waiting for blue candle.
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  • #75,975
  • May 11, 2025 5:26pm May 11, 2025 5:26pm
So Gold to 3500 was all about Trump's Tarrif.

We should expect a 3200 before end of week. Let's see if it closes the gap first.

3250, 3230, 3200, and maybe 3180

Safe week y'all.
Grit; Knowledge; Right Mindset; All you need to overcome. KIS!
  • #75,976
  • May 11, 2025 5:32pm May 11, 2025 5:32pm
Quoting GhosTraderGT
So Gold to 3500 was all about Trump's Tarrif. We should expect a 3200 before end of week. Let's see if it closes the gap first. 3250, 3230, 3200, and maybe 3180 Safe week y'all.
i think theres still some upside to see before we continue dropping the rest of the week
  • #75,977
  • May 11, 2025 5:34pm May 11, 2025 5:34pm
Quoting ptzu123
{quote} i think theres still some upside to see before we continue dropping the rest of the week
Yea agree, price retrace to the mean and mean (dragon, EMA) to the price, i guess 1/3 ADR today or 286 pips avalaible, or extent to 3325 (Check). Better speculation up from the bottom now near 3270, Check.
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  • #75,978
  • May 11, 2025 5:47pm May 11, 2025 5:47pm
Quoting RoelsMajor
{quote} Yea agree, price retrace to the mean and mean (dragon, EMA) to the price, i guess 1/3 ADR today or 286 pips avalaible, or extent to 3325 (Check). Better speculation up from the bottom now near 3270, Check. {image}
i think the first hour of open is always a bit hectic especially with all the news that we had over the weekend. usually from the second hour we should get some retracement. however.....i could be wrong lol
  • #75,979
  • Edited 6:09pm May 11, 2025 5:50pm | Edited 6:09pm
Quoting ptzu123
{quote} i think the first hour of open is always a bit hectic especially with all the news that we had over the weekend. usually from the second hour we should get some retracement. however.....i could be wrong lol
I will wait for blue candle or candle up from the bottom. Premise: Price will retrace to the mean or consolidation, but safe if we buy low.

Quoting RoelsMajor
{quote} I will wait for blue candle or candle up from the bottom. Premise: Price will retrace to the mean or consolidation, but safe if we buy low.
Blue candle maybe incoming...

Quoting RoelsMajor
{quote} I will wait for blue candle or candle up from the bottom. Premise: Price will retrace to the mean or consolidation, but safe if we buy low. {quote} Blue candle maybe incoming... {image}
Long, Risk 1 unit 286 pips (0.5%), TP RR2
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  • #75,980
  • May 11, 2025 6:09pm May 11, 2025 6:09pm
Quoting RoelsMajor
{quote} I will wait for blue candle or candle up from the bottom. Premise: Price will retrace to the mean or consolidation, but safe if we buy low. {quote} Blue candle maybe incoming... {image}
what does a blue candle on your chart mean?
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