Gold

Would rather wait for the close of H2 candle bar as setup seems bullish. So 2hrs remaining for the first H12 (bearish) candle close +1 GMT.
So would wait if it flips bearish (H2) for better entry.

GOLD ANALYSIS: DONT FORGET TO CHECK DXY FOR CONFIRMATION!

One key thing to keep in mind when considering buy trades on gold is to check the DXY index for confirmation, As we know, gold and DXY have an inverse correlation, so its essential to ensure that the dollar index is moving in a direction that supports your trade. Dont forget to factor this into ur analysis to increase ur chances of success!

Answer to powell.

Best case is to deliver a tone that will put sept cut off the table and may be only 1 cut in 2025.
And next year cut increase by 50bps more cut.
To around 4 cut in 26 with at least 2 50bps cut.
This will give a bitch slap to trump.

Meanwhile, Gold Compress with a slightly bearish momentum to continue as downward internal structure still intact.
So i'm expecting a slide in an evenly manner, representing position unwind, to absorb the NFP print.
Just like UB-D1


But to short rn, only those who want to hold big drawdown, feel free to short.

Gold H4

Internal structure still intact after trend line and SMA 100D tested.
And we are too close to trendline to short.
If we get a bounce up, it means Powell dovish in a sticky inflation period and expanding growth. market will priced in a yield curve to hard that gold will exploded to the up. Because down the road, the "neutral rate" wont be enough to tame inf, and induce the FEd to hike much more than now. With "weak gdp" as suggested by "hard data" majority will favour Gold.

Basic O-level economics

At some point.. in a couple of hours it could hit 3337 or close to it.. that would be a good sell for a move down to 3020-3015.. but no idea if it goes up or down from there. Could just be a spike down followed by an up move on daily.

3337 was a good support yesterday. Probably will get a new low of 3322 before going to 3337ish short term.

Hi Friends Good afternoon,
hope you pple are doing good
To me gold is not clear direction so i am still waiting
this is how it looks to me

Well that's true. Gold really is caged in a range right now, and the mixed August data explains the choppiness.
Switching positions that many times just shows how indecisive the market has been. NFP fear was definitely overblown.
yeah thats true one weak print alone can’t trigger a recession, those are just panic movements.

Into jackson HOLe
SPX500


Risk assets ready to boounce up, thereby leave safe haven.
2 D1 already showed rejection at internal Structure.

The hard data indeed showed signs of weakening but not recession, instead we are in a melt up, as real yield keeps falling, money are FORCED to buy yield assets.

Holding some 0DTE OTM SPY call for the day, for some crack!
To get high on weekends

Yesterday’s short hit TP — today’s a new day.

Today’s Bias: Short

• One short zone in play
• If price breaks above 3340, bias flips to long
  ↳ That means the current short zone may trigger after the bias has already shifted
• To stay bearish, sellers must break 3330
• If that happens, I’ll update the chart with the next short zone

XAUUSD is getting ready as the bulls are stepping in

GOLD D1 Chart TARGET 3700

will it fail to reach 3304 or will it return to drawing the 3343-3345 level line?

Will be actively listening for certain phrases and comments during the meeting, things like 'no rate cuts are needed right now,' or 'labor market remains strong' will further confirm our short bias and shoot gold down to 3300,3290 and beyond...

so much rejection XAUusd is getting ready as the bulls are stepping it

Long 3330
TP 3336
SL 3325

lets go, shorted too yesterday at 3337 and 3340

Where are you aiming at with tp?

Will drop soon

I will look for Buy if market goes down and I think it will go down but Powell Trump thing will pull market up again and we may see 3440 again !!

but we are ready to take off

looks like that yesterday but now that the chances of rate cuts are slimming and considering they were priced in 10 days ago i think a further move down is due