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  • #86,781
  • Aug 6, 2025 5:37am Aug 6, 2025 5:37am
Quoting dartboardio
Short target hit 3358 from 3375, now closed all positions awaiting NY session to begin to look for longs back up
Gold is still in buying side.
  • #86,782
  • Aug 6, 2025 5:39am Aug 6, 2025 5:39am
One more down move before NY open please

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  • #86,783
  • Aug 6, 2025 5:44am Aug 6, 2025 5:44am
Quoting dartboardio
Short target hit 3358 from 3375, now closed all positions awaiting NY session to begin to look for longs back up
me interesting to see how NYO opens. It could be a continuation. Although a long for me needs to break 3380 and make a move to 3400 at least. Tomorrow we could see another drop unless the BoE cut is limited
Insane in the Brain..
  • #86,784
  • Aug 6, 2025 5:49am Aug 6, 2025 5:49am
Quoting BeeTogether
{quote} me interesting to see how NYO opens. It could be a continuation. Although a long for me needs to break 3380 and make a move to 3400 at least. Tomorrow we could see another drop unless the BoE cut is limited
i agree it will be interesting to see how it plays out! not long to go. we might get a proper move up after yesterday PMI data and tomorrow unemployment claims expected not great, lets see as always!!
  • #86,785
  • Aug 6, 2025 5:55am Aug 6, 2025 5:55am
Quoting BeeTogether
{quote} me interesting to see how NYO opens. It could be a continuation. Although a long for me needs to break 3380 and make a move to 3400 at least. Tomorrow we could see another drop unless the BoE cut is limited
How does the BoE cut affect gold (given we are trading XAUUSD)?
  • #86,786
  • Aug 6, 2025 6:02am Aug 6, 2025 6:02am
Quoting przfx
{quote} How does the BoE cut affect gold (given we are trading XAUUSD)?

  1. GBP weakens → May slightly boost USD → short-term gold pressure.
  2. Lower yields → Gold becomes more attractive (no yield cost).
  3. Inflation risk rises → Gold gains as a hedge.
  4. Safe-haven demand increases if cut signals economic trouble.

Net Effect: Generally bullish for gold, especially if it aligns with global easing trends.

  • #86,787
  • Aug 6, 2025 6:03am Aug 6, 2025 6:03am
Quoting przfx
{quote} How does the BoE cut affect gold (given we are trading XAUUSD)?
Depends on the rate cut, short term reaction can be mixed and initial usd strength might push gold down, but medium-term lower global rates tend to support gold prices.
Patience
  • #86,788
  • Aug 6, 2025 6:06am Aug 6, 2025 6:06am
Quoting przfx
{quote} How does the BoE cut affect gold (given we are trading XAUUSD)?
GU will tank more in that case. Mixed effect on Gold.
Behold
  • #86,789
  • Aug 6, 2025 6:11am Aug 6, 2025 6:11am
Today’s Bias: Long
• Same two long zones in play. Flip short below 3360.
• Yellow box still valid—even under short bias.
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GoldGod Flip3 Return Today: na
  • #86,790
  • Aug 6, 2025 6:19am Aug 6, 2025 6:19am
Thanks SibiSh and AonRaza for the answer!
  • #86,791
  • Aug 6, 2025 6:41am Aug 6, 2025 6:41am
hi Good Afternoon friends,

this is how gold looks like to me me,

i think 3375 area will be decesive for next move
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  • #86,792
  • Aug 6, 2025 6:42am Aug 6, 2025 6:42am
Gold - 15min

my view for today ... one more drop i want then wait for buy around 3350 area and hold till 3410, i hope till tomorrow reached ...
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  • #86,793
  • Aug 6, 2025 6:45am Aug 6, 2025 6:45am
Waiting patiently here for a clear entry from 3367 zone after we had a drop from 3376-3358.

Happy NY session everyone
  • #86,794
  • Aug 6, 2025 6:54am Aug 6, 2025 6:54am
Quoting RGrewal
{quote} GBP weakens → May slightly boost USD → short-term gold pressure. Lower yields → Gold becomes more attractive (no yield cost). Inflation risk rises → Gold gains as a hedge. Safe-haven demand increases if cut signals economic trouble. Net Effect: Generally bullish for gold, especially if it aligns with global easing trends.
Thanks RGrewal for the answer!
  • #86,795
  • Aug 6, 2025 7:05am Aug 6, 2025 7:05am
pretty simple what im looking for, a break retest and go , 1m chart, scalping
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  • #86,796
  • Aug 6, 2025 7:07am Aug 6, 2025 7:07am
Got busy with some other work for the week. So took a swing trade for now. Will catchup later with everyone on monday. Sell 0.04 at 3371 SL 3391 TP 3251
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BUY HIGH SELL LOW
  • #86,797
  • Aug 6, 2025 7:09am Aug 6, 2025 7:09am
We have another month beffore the possible rate cut. So right now is a good time to drop the market and execute those buy orders around 3100 in my opinion. Lets see
BUY HIGH SELL LOW
  • #86,798
  • Aug 6, 2025 7:17am Aug 6, 2025 7:17am
My target 3350 today
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xau
  • #86,799
  • Aug 6, 2025 7:26am Aug 6, 2025 7:26am
Quoting alinone07
We have another month beffore the possible rate cut. So right now is a good time to drop the market and execute those buy orders around 3100 in my opinion. Lets see
I agree with your 3100 area for buys. I think the downmove will start tomorrow but for today we might actually break yesterdays highs. Just saying!!
  • #86,800
  • Aug 6, 2025 7:26am Aug 6, 2025 7:26am
Quoting shohruxbek
My target 3350 today {image}
unclear for now,still holding my sells from 68 for now,but i am not sure where will the price go
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