Attachments: Gold with No Drama

Gold with No Drama

#11,361
Nov 4, 2025 1:42pm Nov 4, 2025 1:42pm

BeeTogether
Joined Oct 2020 | Status: Trader | 14,004 Posts

Bulls have literally bent over for a bear attack today. However with US data later this week with a poor NFP due this could be a temporary down

Insane in the Brain..

#11,362
Nov 4, 2025 1:56pm Nov 4, 2025 1:56pm

AshleyFX
Joined Oct 2025 | Status: Trader | 1,179 Posts

Quoting BeeTogether

Disliked

Bulls have literally bent over for a bear attack today. However with US data later this week with a poor NFP due this could be a temporary down

Ignored

I think we might see one last down short movement before the day ends as I believe price is consolidating to know the next move

#11,363
Nov 4, 2025 2:00pm Nov 4, 2025 2:00pm

Deal
Joined Nov 2024 | Status: Trader | 5,208 Posts

Glad had physiotherapy

Didn't manage my sell at London this time and get lucky, was by a few points stop didn't hit.
The trendline after all had meaning too.
Ny rotating tells how strong bears are... Not validated so.
Again only now can look to the charts.
I think i will stay out for 15 days, this schedule is making me rush decisions.
Have all good trades and safe ones guys!

Attached Image(s) (click to enlarge)

Click to Enlarge

Name: Screenshot_24.png
Size: < 1 KB

Click to Enlarge

Name: Screenshot_25.png
Size: 18 KB

#11,364
Nov 4, 2025 2:02pm Nov 4, 2025 2:02pm

kareem11
Joined Sep 2025 | Status: Trader | 451 Posts

Quoting AshleyFX

Disliked

{quote} I think we might see one last down short movement before the day ends as I believe price is consolidating to know the next move

Ignored

There are several Order Blocks/points that need to be broken (candle closes below). 3947(already done), 3934.110, 3915.520 , 3905.420

Learning and improving every day. Don’t follow blind

#11,365
Nov 4, 2025 2:07pm Nov 4, 2025 2:07pm

AshleyFX
Joined Oct 2025 | Status: Trader | 1,179 Posts

Quoting kareem11

Disliked

{quote} There are several Order Blocks/points that need to be broken (30m candle closes below). 3947(already done), 3934.110, 3915.520 , 3905.420

Ignored

That’s in order for us to see the low of 3800? Or just the end of the day

#11,366
Nov 4, 2025 2:10pm Nov 4, 2025 2:10pm

kareem11
Joined Sep 2025 | Status: Trader | 451 Posts

Quoting AshleyFX

Disliked

{quote} That’s in order for us to see the low of 3800? Or just the end of the day

Ignored

these are the points if broken, price goes below, if not, price can kick up a bit. need to check price reactions on these areas. I'm holding two shorts from 3 days, 4027 and 4034. waiting for the right TP

By break usually i mean 30m candle close, but can vary depending on different timeframes

Learning and improving every day. Don’t follow blind

#11,367
Nov 4, 2025 2:13pm Nov 4, 2025 2:13pm

AshleyFX
Joined Oct 2025 | Status: Trader | 1,179 Posts

Quoting kareem11

Disliked

{quote} these are the points if broken, price goes below, if not, price can kick up a bit. need to check price reactions on these areas. I'm holding two shorts from 3 days, 4027 and 4034. waiting for the right TP

Ignored

I’ve been holding my short since yesterday as well @ 4020 and another today from 3999 closed half at 3929 and holding 1 left

#11,368
Nov 4, 2025 2:36pm Nov 4, 2025 2:36pm

AshleyFX
Joined Oct 2025 | Status: Trader | 1,179 Posts

Quoting kareem11

Disliked

{quote} these are the points if broken, price goes below, if not, price can kick up a bit. need to check price reactions on these areas. I'm holding two shorts from 3 days, 4027 and 4034. waiting for the right TP By break usually i mean 30m candle close, but can vary depending on different timeframes

Ignored

Hey, sent you a DM if you don’t mind

#11,369
Nov 4, 2025 2:42pm Nov 4, 2025 2:42pm

kareem11
Joined Sep 2025 | Status: Trader | 451 Posts

Quoting AshleyFX

Disliked

{quote} Hey, sent you a DM if you don’t mind

Ignored

Replied. also closed my position at 3935. will enter new trades tomorrow accordingly.

Price may/may not go down tomorrow (there is a chance) but the profit is in my pocket so I'm satisfied and able to take new trades tomorrow depending on the direction.

Learning and improving every day. Don’t follow blind

#11,370
Nov 4, 2025 2:48pm Nov 4, 2025 2:48pm

AshleyFX
Joined Oct 2025 | Status: Trader | 1,179 Posts

Quoting kareem11

Disliked

{quote} Replied. also closed my position at 3935. will enter new trades tomorrow accordingly. Price may/may not go down tomorrow (there is a chance) but the profit is in my pocket so I'm satisfied and able to take new trades tomorrow depending on the direction.

Ignored

Thanks

#11,371
Nov 4, 2025 2:52pm Nov 4, 2025 2:52pm

notabdullah1
Joined Jul 2025 | Status: Trader | 855 Posts | Online Now

forex factory has changed alot I'll say at least the gold community

#11,372
Nov 4, 2025 3:39pm Nov 4, 2025 3:39pm

StillDreamer
Joined Jun 2025 | Status: Trader | 203 Posts

Quoting StillDreamer

Disliked

4h candles are stuck between 20 MA and 50 MA lines. We can see strong movement in either direction after decisively break one of them. It looks 51% bearish to me, but movement above 4030 may have also follow through until 4100s (near to 4h 100 MA). Daily chart looks more bearish to me. It seems that bulls are exhausted and losing up momentum. Still can visit 4090 Daily 20 MA but not so promising. I'm sidelined and will focus on other instruments. {image} {image}

Ignored

Daily chart looks even more bearish today, we can see 3850 soon. (I will not short but it looks quite bearish)

A few considerations:

1) USD Index is rising and EURUSD is falling. And it seems, USD increase will continue. Gold bearish. Reversal of run away from USD has accelarated, after China-US trade truce. USD devaluation after Trump's election was mainly due to tariff risks. After last week agreement with China (postponing the issues 1 year), it seems that market is decreasing bets against USD which was the case for a while even before agreement. Also, EU and UK economies were/are not in good shape in comparison to US.

2) Stock markets are falling (it may fall further due to prolonged US government shutdown). This may be causing the run for cash by institutional players. Less appetite for buying Gold or profit taking from existing long positions because maybe cash is king now.

3) New China taxes for Gold buying is maybe also negative effect for Gold https://businessam.be/china-komt-met...p-aankoop-goud

Looks bearish in the short term, but I'm not planning to short Gold. I will be watching, maybe some scalps only. There are many strong fundamental reasons to buy Gold in the long term, but it looks better to wait some more to buy from better places. Atmosphere is not good for the bulls.

Attached Image(s) (click to enlarge)

Click to Enlarge

Name: screenshot.png
Size: 27 KB

Click to Enlarge

Name: screenshot.png
Size: 20 KB

#11,373
Nov 4, 2025 5:28pm Nov 4, 2025 5:28pm

MoneyPrinte
Joined Jan 2025 | Status: Trader | 1,661 Posts

Quoting azhantahir

Disliked

{quote} After validation of the seller movement. To the deep blue sea with a price offering. Respect what prices are doing. IMHO . Trade with honor {image}

Ignored

Up and down no mercy..hehe