Attachments: Gold

Gold

#76,041
May 12, 2025 6:50am May 12, 2025 6:50am

MRProfit21
Joined Jul 2024 | Status: The Austrian Was Right. | 493 Posts

Seeing some nice bullish order flow here, hope to see the 1H not break the prev 1H high. Then for NY open for it to reach 3255 ish

*should've got in a buy here, but it is what it is*

Should've, Would've, Could've.

#76,042
May 12, 2025 7:11am May 12, 2025 7:11am

PatienceFx
Joined Jun 2013 | Status: enjoying life | 23,848 Posts

https://www.youtube.com/live/WtLk6Fn...WSduc3cz2Ndm7w

#76,043
May 12, 2025 7:14am May 12, 2025 7:14am

Insights224
Joined Jan 2025 | Status: Trader and Analyst | 41 Posts

Gold is currently trading around $3,222.76 after a clear rejection from the $3,380–$3,400 resistance zone earlier this week. The market has broken below the key consolidation support around $3,260–$3,280, and we are now testing a previous demand zone near $3,220–$3,200.

This level is significant, as it previously acted as the base for a strong bullish move on May 2nd. If gold fails to hold above $3,200, the next support lies near the $3,160–$3,140 zone.

The RSI is currently at 34.83, which indicates the asset is nearing oversold territory. While this suggests potential for a short-term bounce, the overall momentum remains bearish for now, especially after a strong breakdown from the upper range.

Looking at the volume profile, we can also see that price has moved below the recent high-volume node around $3,280, confirming that sellers are currently in control.

#76,044
May 12, 2025 7:14am May 12, 2025 7:14am

ganam
Joined Feb 2012 | Status: Trader | 797 Posts

If breaks 3200, will add shorts...High chances..

follow the flow of music $

#76,045
May 12, 2025 7:17am May 12, 2025 7:17am

ib1985ib
| Membership Revoked | Joined Apr 2025 | 222 Posts

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#76,046
May 12, 2025 7:24am May 12, 2025 7:24am

Trendripper
| Joined Apr 2025 | Status: Trader | 22 Posts

I am bullish today, from technical perspective a price rebound should be close, hope until NY session. I am also expecting some price manipulation before the distribution phase.

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Invest and Earn

#76,047
May 12, 2025 7:25am May 12, 2025 7:25am

d1zzy
Joined Jul 2023 | Status: Trader | 1,484 Posts

Quoting ib1985ib

Disliked

{image}

Ignored

That would be the ideal scenario, but gotta factor in us inflation and central bank buying up discounts still wise move will be to take it by the day or by the session

#76,048
May 12, 2025 7:31am May 12, 2025 7:31am

Trendripper
| Joined Apr 2025 | Status: Trader | 22 Posts

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Invest and Earn

#76,049
May 12, 2025 7:35am May 12, 2025 7:35am

dailyprofit
| Commercial User | Joined Feb 2025 | 198 Posts

considering the day and hourly trend, in my (newbie) perspective, only take short trading

looking the entry level... #waiting (again)

HappyTrading

#76,050
May 12, 2025 7:37am May 12, 2025 7:37am

Thomas.
Joined Jan 2023 | Status: Trader | 115 Posts

Quoting MRProfit21

Disliked

Seeing some nice bullish order flow here, hope to see the 1H not break the prev 1H high. Then for NY open for it to reach 3255 ish *should've got in a buy here, but it is what it is* Should've, Would've, Could've.

Ignored

Im shortterm bullish too, i would just say it might be to early. I would be looking for a break below that white trend line and a fakeout back up.

I wouldent exppect todays daily candle to come near daily open again and fill the gap, more likely later this week. Thats what im looking at.

I belive monthly DXY will flip bearish and monthly GBP/USD, EUR/USD Bullish, so a weaker USD which will be bullish for gold.

The weekly gold candle might flip bullish, i would look for continuation, not the reversal

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#76,051
May 12, 2025 7:44am May 12, 2025 7:44am

MRProfit21
Joined Jul 2024 | Status: The Austrian Was Right. | 493 Posts

Quoting Thomas.

Disliked

{quote} Im shortterm bullish too, i would just say it might be to early. I would be looking for a break below that white trend line and a fakeout back up. I wouldent exppect todays daily candle to come near daily open again and fill the gap, more likely later this week. Thats what im looking at. I belive monthly DXY will flip bearish and monthly GBP/USD, EUR/USD Bullish, so a weaker USD which will be bullish for gold. The weekly gold candle might flip bullish, i would look for continuation, not the reversal {image}

Ignored

Loads of potentials today bro, might have to wait till indexes get active for NY. let's see what today brings cause tomorrow is CPI, so depending on which way Golds decides to go, will more than likely dictate the move for tomorrow.

#76,052
May 12, 2025 8:01am May 12, 2025 8:01am