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  • #89,821
  • Aug 21, 2025 11:55am Aug 21, 2025 11:55am
Quoting canyou
{quote} yh because the trend is bullish on D1 upwards but markets want to create a monthly low (higher low) to somewhere around 3200 before the long term buys start again because it can't go up the whole year without making lows on higher time frames as well, so if you check monthly candles you could see shooting star candles with several rejections and weekly too it formed a bearish momentum candle last week signaling sells,
I have noticed this too. Gold has been really bullish for a long time. It needs a correction on the larger timeframes.
I have to admit though I am still hoping for a September rate cut and gold to continue rising.
  • #89,822
  • Aug 21, 2025 11:56am Aug 21, 2025 11:56am
Quoting stealyerface
{quote} im hanging in there!
In shorts?
Behold
  • #89,823
  • Aug 21, 2025 11:59am Aug 21, 2025 11:59am
Quoting Shadowtp
Opened position in 1 lot instead of 0.1 and all of the money gone
No mate what's your leverage? Shouldn't be more than 1:100 or 200 in order to prevent this
"Who Dares Wins"
  • #89,824
  • Aug 21, 2025 12:00pm Aug 21, 2025 12:00pm
Quoting canyou
{quote} yh because the trend is bullish on D1 upwards but markets want to create a monthly low (higher low) to somewhere around 3200 before the long term buys start again because it can't go up the whole year without making lows on higher time frames as well, so if you check monthly candles you could see shooting star candles with several rejections and weekly too it formed a bearish momentum candle last week signaling sells,

last week ppi should have pushed gold up more and it failed because it probably overvalued and needs to retrace down a bit to create the monthly low and it wants to do it nicely to clear liquidity down to somewhere 3200 without breaking daily or weekly bullish structure
  • #89,825
  • Aug 21, 2025 12:36pm Aug 21, 2025 12:36pm
Quoting AonRaza
{quote} In shorts?
unfortunately! Lol
Easy Does it.
  • #89,826
  • Aug 21, 2025 12:46pm Aug 21, 2025 12:46pm
Quoting stealyerface
{quote} unfortunately! Lol
have some faith and patience
  • #89,827
  • Aug 21, 2025 12:55pm Aug 21, 2025 12:55pm
Quoting Ravenfeeder
{quote} No mate what's your leverage? Shouldn't be more than 1:100 or 200 in order to prevent this
It was 1:100
  • #89,828
  • Aug 21, 2025 12:59pm Aug 21, 2025 12:59pm
Quoting stealyerface
{quote} unfortunately! Lol
What is it that you don't trust..
Your setup or fortune?
Behold
  • #89,829
  • Aug 21, 2025 1:07pm Aug 21, 2025 1:07pm
Quoting AonRaza
{quote} What is it that you don't trust.. Your setup or fortune?
just having a rough week lol.
Easy Does it.
  • #89,830
  • Aug 21, 2025 1:24pm Aug 21, 2025 1:24pm
Gold’s getting crowded — and it’s no mystery why.
Trump’s backed off Powell, not out of respect for central bank independence, but because he sees a modest rate cut coming. Just enough for him to claim victory and play the market whisperer. It’s optics, not policy.
Meanwhile, the Ukraine conflict remains frozen. Trump’s stepping away from negotiations, likely realizing Putin wants Donbas and Zelensky won’t give an inch.
Add Moscow’s hard line: no Western troops on Ukrainian soil — full stop. That torpedoes any meaningful security guarantees for Kyiv. No NATO boots, no U.S. shield — just vague promises and a few Patriot batteries at best.
So the rotation begins.
Investors are piling into safe assets — GOLD, CHF, JPY, long-duration Treasuries.
But here’s my take: gold’s overvalued. It’s trading on emotion, not fundamentals.
Real value? I peg it closer to $2,900/oz, not the frothy $3,300+ we’re seeing now.
This isn’t just a hedge anymore — it’s a crowded trade with thinning conviction.
The bid’s still strong, but the logic is fading. When fear drives flow, fundamentals get sidelined — until they snap back.
  • #89,831
  • Aug 21, 2025 2:19pm Aug 21, 2025 2:19pm
Wonder will price range tomorrow until Fed speaks or will we see a move down after the strong US data today and some members commenting less chance of rate cut in September...
  • #89,832
  • Aug 21, 2025 2:21pm Aug 21, 2025 2:21pm
Quoting GoldGod
{quote} Update: My short setup remains valid for now. {image}
Done for the day. Holding my short. No emotion.
Attached Image (click to enlarge)
Click to Enlarge Name: Gy5gsPwWgAApj__.jpeg Size: 138 KB
GoldGod Flip3 Return Today: na
  • #89,833
  • Aug 21, 2025 2:22pm Aug 21, 2025 2:22pm
Quoting GoldGod
{quote} Done for the day. Holding my short. No emotion. {image}
right there with ya
Easy Does it.
  • #89,834
  • Aug 21, 2025 2:26pm Aug 21, 2025 2:26pm
same, may the sell pressure be with us lol
1 in 1 out, maybe 1 more idk...
  • #89,835
  • Aug 21, 2025 2:33pm Aug 21, 2025 2:33pm
Quoting stealyerface
{quote} right there with ya
PMI gap down threw off my numbers a bit. No risk, no reward—I’m good either way.
GoldGod Flip3 Return Today: na
  • #89,836
  • Aug 21, 2025 2:45pm Aug 21, 2025 2:45pm
Quoting dartboardio
Wonder will price range tomorrow until Fed speaks or will we see a move down after the strong US data today and some members commenting less chance of rate cut in September...
Not long to find out lol. Hoping something to shake the market a bit
Insane in the Brain..
  • #89,837
  • Aug 21, 2025 4:17pm Aug 21, 2025 4:17pm
I've added a new poll folks on this thread first page, inviting you all to vote within a week.
The poll question: What's your monthly profit % target of your trading account balance?
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #89,838
  • Aug 21, 2025 4:57pm Aug 21, 2025 4:57pm
Come on, throw down asia
Easy Does it.
  • #89,839
  • Aug 21, 2025 5:50pm Aug 21, 2025 5:50pm
as much as I’ve been advocating for X to happen…

starting to feel Golds found its level - for the foreseeable. She loves to trend while those that have dollar accumulate.

possibly. Just sideways for a while !?
Que Sera
  • #89,840
  • Aug 21, 2025 6:29pm Aug 21, 2025 6:29pm
Quoting Catempire
as much as I’ve been advocating for X to happen… starting to feel Golds found its level - for the foreseeable. She loves to trend while those that have dollar accumulate. possibly. Just sideways for a while !?
only thing to change was the view.

i believe we trend. Will be very surprised if we don’t see 3390 again before dropping.

no idea when.

closed all positions. Flat.
Que Sera
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