Gold

only if 4hr closes down below

Rising wedge + MACD Divergence + fib confluence
Level 1 (3374/0) broken
Next level 3355/48. Momentum strong.

Oh wow, I am out.

Leaving some runners hoping to get 3330

oh yea about that,
you must be a buyer,
Gold as i mentioned few times in my previous posts,
it politics now a days, more then Fundamentals.
so Russia uk raine peace talks on sunday was the reason,
and it could go on if Russia agrees,
lets see what happened since russia started
it only took 4 areas and lost a lot of men,
but if we look at the bigger picture, its not even 2% of total UKraine.
and russia wants it badly to Hold his grip in IN Europe,
but maybe after 3 years they realized its time to take a break and make new plan,
or maybe INdia ans CHina is Russia's bigger imports of gold.
and maybe he doesnt want to loose them,
so he will stop if trump stops on russian oil sanctions.
who knows what hell putin is thinking.
that is the best explanation the OIL.
it could shift the OIL prices much more higher if Russia retaliates,
because after all the sanctions there not much left trump can do to russia,
so he is doing to its ally who buys gold.
same hting happened with IRAN and his partners who was buying and maybe still buying OIL from iran.
just a lesson from the past.
good luck.

Gold ssr sdz test cab vsa eg ptz

Beautiful

Gold currently maintains a strong bullish market structure. Price action continues to form higher highs and higher lows, indicating sustained buying pressure. As long as prices remain above the prior lows, the uptrend remains intact, and further gains are possible if momentum continues.,no point in swing trading at this moment, scalping now.

short 3377.40 , 10 lots

gold ssr sdz test eg cab rp ptz update(check prev ptz)

Long 258 lots 3384 TP

retest is possible

Could see a pullback at 85s.

Kinda wanna add more risk at this price. hope it's worth

Hello anyone,

What's your bias for gold this week?

bullish or bearish?

Yes seems so, little pull back can happen

I never studied coding nor ever went to any coding college, but today I have created my first MT4 indicator using chatgpt

I hope you guys like it.

this indicator shows server time of your platform.....you just might need to adjust Y and X axis.

I am still not sure how tariff on gold will affect gold trading for retail like us.

A simple logic would be introducing this tariff will increase cost for buying gold hence buying gold will be less attractive than before which translates to selling pressure for gold. But this is just a simple logic (I don't even know if it is correct or not) and I guess the impact is much more complex than that (the tariff is applied by US while the rest remains the same, how will other countries react? which parties will be impacted the most? etc).

Would you guys please share your views on this? Thanks in advance!

3371.50/3371.43 - WS1/DS1 by DeMark’s.., so we got double(!) support
then
3330th is most important area imo.., but
to get here after 3370th 3358th/Low of daily inside bar to break..,

above, WWPs - 3383-90th area
&
3385th/ High of daily inside bar to retest (!!!), or to break.., it’s a middle of daily as well right now
3403.44 is DeMark’s DR1

happy trading

Gone Long

…and today we got Monday without news..,
pure price action (?!)
or
…