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Gold with thedaytrader

  • #641
  • Sep 9, 2025 9:45am Sep 9, 2025 9:45am
Buy the rumour sell the fact. Gold shorts worked. Now looking for a deeper pullback to the 3600-3590 level, maybe even more have to see when it gets there
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  • #642
  • Sep 9, 2025 10:02am Sep 9, 2025 10:02am
Quoting gggvvv
Buy the rumour sell the fact. Gold shorts worked. Now looking for a deeper pullback to the 3600-3590 level, maybe even more have to see when it gets there {image}
economy getting worse i wonder will they stay on the way of cutting rates........
  • #643
  • Sep 9, 2025 11:00am Sep 9, 2025 11:00am
Quoting notabdullah1
{quote} economy getting worse i wonder will they stay on the way of cutting rates........
The CES preliminary benchmark revision showed that the U.S. overestimated jobs by 911,000 (-0.6%) as of March 2025. On the surface, fewer jobs should weaken the labor market outlook, which would normally be bullish for gold (since weaker jobs → weaker growth → potential Fed easing → weaker USD).
But here’s why gold (XAUUSD) likely dropped instead after this news:
1. Markets treat it as backward-looking

  1. The benchmark revision is a historical correction (March 2024 → March 2025).
  2. Traders focus more on forward-looking indicators like the monthly NFP, CPI, or Fed guidance.
  3. Since this revision doesn’t change the Fed’s immediate policy stance, markets often discount it.

2. Risk sentiment reaction

  1. The revision highlighted statistical error sources (response & nonresponse bias) rather than fresh evidence of economic weakness.
  2. Markets may have viewed this as technical noise rather than a signal of worsening conditions, causing profit-taking in gold after its recent rally.

3. Dollar and yields impact

  1. If the market interpreted the benchmark change as “not meaningful for near-term Fed policy,” U.S. Treasury yields and the dollar might have stayed firm.
  2. Stronger USD or steady yields usually pressure gold lower (since gold has no yield).

4. Positioning / crowded trade

  1. Gold has been heavily bid up lately (with XAUUSD near record levels).
  2. Even mildly “neutral” or “ignored” news can trigger profit-taking, especially if speculators were positioned for more dovish signals.

In short:
Gold dropped because the CES revision was seen as backward-looking, technical, and not policy-changing. Instead of sparking new Fed easing bets, traders took profits on gold’s highs, while USD and yields stayed firm.

Behold
  • #644
  • Sep 9, 2025 1:25pm Sep 9, 2025 1:25pm
Quoting PatienceFx
{quote} You didn't read my post
I think gold will want to find support at 3620
  • #645
  • Sep 9, 2025 2:37pm Sep 9, 2025 2:37pm
Quoting AonRaza
{quote} The CES preliminary benchmark revision showed that the U.S. overestimated jobs by 911,000 (-0.6%) as of March 2025. On the surface, fewer jobs should weaken the labor market outlook, which would normally be bullish for gold (since weaker jobs → weaker growth → potential Fed easing → weaker USD). But here’s why gold (XAUUSD) likely dropped instead after this news: 1. Markets treat it as backward-looking The benchmark revision is a historical correction (March 2024 → March 2025). Traders focus more on forward-looking...
hey you got blocked from the gold thread too...........lol....

anyways wellcome man...

and the AI i think asking ai is not really something i would want to relay on but obviously you have far more obvious trading experience than me so it would be great if you would post the trades and your charts here cuz we don't have that many people posting charts here on this thread
  • #646
  • Sep 9, 2025 2:42pm Sep 9, 2025 2:42pm
Quoting AonRaza
{quote} Okay sorry..{image} Something told me to sell it.. So I did.
i would like to hear it if you want to say........
  • #647
  • Sep 9, 2025 6:13pm Sep 9, 2025 6:13pm
Quoting notabdullah1
{quote} hey you got blocked from the gold thread too...........lol.... anyways wellcome man... and the AI i think asking ai is not really something i would want to relay on but obviously you have far more obvious trading experience than me so it would be great if you would post the trades and your charts here cuz we don't have that many people posting charts here on this thread
Yeah, Chiforex was frustrated because of his losses as he was in shorts. He is stubborn seller with 2000+ pips drawdown in his sell trades right now (Saying on the fact that he posted some swing sell signals in thread 2 weeks ago). So, he was dropping his frustration on the members who were having profitable trades that time by blocking them. Anyways, I hope best for him..

And I posted AI info because I didn't have knowledge myself that how negative figures help bears when they were obvious for buyers. So, it wasn't only negative figures. I asked AI and Liked the answer, so I posted it here. I will try to contribute as much as I can.
Behold
  • #648
  • Sep 9, 2025 6:23pm Sep 9, 2025 6:23pm
Quoting notabdullah1
{quote} i would like to hear it if you want to say........
Haha
As I closed my longs at 3662, i was looking for a sell setup obviously..
But I wasn't sure about that..
First there was a drop in volume.. buyers were not as strong as they suppose to be..
Then a Zimbabwean guy gave a hint by saying that he has insider information that retails would be trapped.
As, everyone was buying, I sold to leave the herd. and it was running in 350+ pips

This is how I prioritize my trading styles:
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I just followed my 1st and 2nd priorities (Never always right)
Behold
  • #649
  • Sep 9, 2025 7:18pm Sep 9, 2025 7:18pm
Just wondering, is there something special about Gold in terms of technical analysis, maybe the candles look different or something? I’ve always wondered why people limit themselves to one instrument. Maybe it sounds cool? Gold. From what I’ve seen, the instrument actually doesn’t matter. As long as the spread is good, it’s tradable just the same as Gold or anything else. Price action produces candles and those can be traded all the same. Just my two cents.
  • #650
  • Sep 9, 2025 7:52pm Sep 9, 2025 7:52pm
FUTURE'S CHART
Looking for another 300 pips to drop. My bias for the day till the news comes would be bearish although with this price action it's a little tough to short. Closing above 3690 would give buyers another control to continue the trend.
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  • #651
  • Sep 9, 2025 8:30pm Sep 9, 2025 8:30pm
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EXPECTING THIS LONG TERM.

GOLD IS JUST LIKE ANY OTHER PAIR, THE ONLY DIFFERENCE IS IT VOLATILITY AND THAT MAKES IT MORE RISKY
  • #652
  • Sep 9, 2025 8:56pm Sep 9, 2025 8:56pm
Looking for Asian session to make the high of the day, London reversal nd new York expansion following the data.
  • #653
  • Sep 9, 2025 11:17pm Sep 9, 2025 11:17pm
Quoting Th3W1z4rd
Just wondering, is there something special about Gold in terms of technical analysis, maybe the candles look different or something? I’ve always wondered why people limit themselves to one instrument. Maybe it sounds cool? Gold. From what I’ve seen, the instrument actually doesn’t matter. As long as the spread is good, it’s tradable just the same as Gold or anything else. Price action produces candles and those can be traded all the same. Just my two cents.
1. getting to know one pair inside and out is easier than trying to constantly keep track and mark levels on various instruments
2. the main reason is because of the volatility, the potential money making aspects (and losing)
3. more risk, more reward , its aggressive, which suits many peoples trading style.

It's like a nightclub instead of a nursing home. Where the action happens...

what gold does in a day, a FX pair might do in a week.. soo why sit around waiting for a 40 pip move when you can catch a 400 pip move on Gold in the same time span
  • #654
  • Sep 9, 2025 11:18pm Sep 9, 2025 11:18pm
dartboardio thoughts on GOLD Long?
  • #655
  • Sep 9, 2025 11:28pm Sep 9, 2025 11:28pm
Quoting dartboardio
{quote} 1. getting to know one pair inside and out is easier than trying to constantly keep track and mark levels on various instruments 2. the main reason is because of the volatility, the potential money making aspects (and losing) 3. more risk, more reward , its aggressive, which suits many peoples trading style. It's like a nightclub instead of a nursing home. Where the action happens... what gold does in a day, a FX pair might do in a week.. soo why sit around waiting for a 40 pip move when you can catch a 400 pip move on Gold...
Good to know, I’ll check it out. Thanks for the info.
  • #656
  • Sep 9, 2025 11:57pm Sep 9, 2025 11:57pm
Gold looking good but very tricky as well.
R1: 53.4 - 54.7
Bulls Run. Bears Bite. We Profit.
  • #657
  • Sep 10, 2025 1:04am Sep 10, 2025 1:04am
Quoting canyou
{image} {image} {image} EXPECTING THIS LONG TERM. GOLD IS JUST LIKE ANY OTHER PAIR, THE ONLY DIFFERENCE IS IT VOLATILITY AND THAT MAKES IT MORE RISKY

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THERE IS A SHIFT, BUYERS COMING TO PUSH IT UP AGAIN .
  • #658
  • Sep 10, 2025 1:07am Sep 10, 2025 1:07am
Quoting canyou
{image} {image} {image} EXPECTING THIS LONG TERM. GOLD IS JUST LIKE ANY OTHER PAIR, THE ONLY DIFFERENCE IS IT VOLATILITY AND THAT MAKES IT MORE RISKY

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THERE IS A SHIFT, BUYERS COMING TO PUSH IT UP AGAIN .
  • #659
  • Sep 10, 2025 4:28am Sep 10, 2025 4:28am
Quoting Th3W1z4rd
Just wondering, is there something special about Gold in terms of technical analysis, maybe the candles look different or something? I’ve always wondered why people limit themselves to one instrument. Maybe it sounds cool? Gold. From what I’ve seen, the instrument actually doesn’t matter. As long as the spread is good, it’s tradable just the same as Gold or anything else. Price action produces candles and those can be traded all the same. Just my two cents.
Below are some considerations for choosing pair to trade:
- Your availability to trade. For example, if you are available to trade on Asian session then choose pair which has active banks corresponding to the pair as volume matters. In this example of Asian session USDJPY, NZDUSD, AUDUSD, GBPJPY are good pair to trade (because Japan, Australia, New Zealand banks are active during the session). If you are available to trade on NY session then NZDJPY is not good pair as none of respective banks are active during the session.
- Spread. It is straightforward, choose pair that has good spread.
- Factors that affect pair movement. Better to trade pair that is influenced by one currency at a time. EURUSD pair is not good to trade during overlap of London and NY session because activity of European and US banks affect the movement of the pair (if European banks are buying EUR and in the same session US banks are buying USD then their activities will cancel each other out - in summary, trading EURUSD during overlap London and NY session requires us to keep track of news and policies of both EUR and USD). NZDUSD is good to trade during Asian session because the movement is only affected by New Zealand bank activity (so we can focus to only NZD related news) ...NZDUSD is also good to trade during NY session because the movement is only affected by US bank activity (so we can focus to only USD related news).
- Volatility. Some traders prefer pair that is volatile because it gives bigger chance to make profit.

I personally choose Gold because:
- It is volatile
- Spread is good
- It is actively traded during all sessions and particularly high volume when London and NY overlaps
- Simple inherent characteristic: anything that results in chaos => price move up ...anything that results in stability => price move down. I am not good at fundamental analysis so gold having simple inherent characteristic helps a lot (but still need to worry about USD related news for sure)

As for limiting self to trade only one instrument, I trust Bruce Lee.
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  • #660
  • Sep 10, 2025 4:53am Sep 10, 2025 4:53am
Executed long @3650 targeting at least yesterday high
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