Price Action & Order Flow (Gold|Silver|Copper)

Quoting Radza

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Hello Duski, Hope you guys are doing well with your trading. I’m here or let’s say, we’re all here to learn from each other and, ultimately, to make money! So, I want to clarify every point I mentioned before. Last time, I talked about the moving average and its formula, and I didn’t want to go too deep into it. Like I said before, I’m not a teacher or a trading guru. I only have around 5 years of experience, but I’ve learned from the old-school traders, their books, and their research people like Al Brooks, Tom Hougaard, Thomas DeMark, Larry Williams,...

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Quoting dark.midas

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some gems for GC.. Been bouncing from 4045s to 3990s yet get accepted back in fair price.. a possible visit to the upside next week or for the whole month, idont know maybe up to 4100s to 4200s since delta is showing some sells getting absorbed from Friday's NY sell-off. of course, it s subject to change due to flow of the book.. ciao weekend price were up by some dollars.. {image}

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Quoting duksi

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Looking at 47.5 - 48 as demand. Any thoughts? {image}

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Quoting dark.midas

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{quote} looks decent. but depends on what footprint says..

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Quoting duksi

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{quote} Nothing out of the ordinary really. Algos looking for liquidity on the bids and sellers not really rewarded for their efforts, they're just filling bids on lower prices. The confirmation is seeing large aggressive buys in this area, which we don't have at the moment; an alternative confirmation would be algos initiating buying and large players following. {image} {image} {image}

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Quoting duksi

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Weekly Review (3.11 - 7.11) This week I think has really shown the misery of big players that I almost feel sorry for them. They are holding price because they are not fully positioned for the next move (which is likely to be bullish due to a ton of absorbed selling) and because they are not fully positioned, they are in search for immediate liquidity like we saw on Friday: they initiate buying only to drop price and send it to the bids through the volatility of stop clusters. The density on the offers appears to be fake pressure, since most of...

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Quoting duksi

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We start the week with a strong move to the upside, just like we anticipated. Swept offers and support on the bids should give confidence for continuation (notice the number of book flips). {image} {image}

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Quoting dark.midas

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so it's actually due to job losses on recent report which increases chance of rate cut along with other factors.. make sense. {image}

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Quoting duksi

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{quote} Exactly, so all of that selling absorption below 4,000 should not be a surprise. Remember also when I showed those bid clusters as price was coming down below 4,000; and when you think about it, what is a real sign that gold prices have topped? Literally nothing has changed since the pullback and it is well known that some news are only there to fake sentiment and hold price before the next move. Let's not forget that the big boys always get the big news first!

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