Gold with No Drama

Quoting jfshza9

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{quote} Was this due to the big move up of the DXY? Will really appreciate the strategy behind this

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Quoting jfshza9

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Please somebody explain was this expected and why to a newbie. I got smoked on this.

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Quoting Haks

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That move was brutal wtf. Hope no one got obliterated

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Quoting jfshza9

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Please somebody explain was this expected and why to a newbie. I got smoked on this.

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Quoting rage22

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{quote} In fact if you look at the volume, you might see an increase in higher prices. "Buy low, sell high!" "Let's assume for a moment that it is bearish. Okay, the MMs & big money outfits are driving the price down, but the lower it goes the better the "bulls" see their chance for profit. All they need is encouragement. So, the MMs & Big Money put on their bull act....enough orders to spoof the market price upwards..... and the bulls jump in believing it really is destined to be bullish.... at which time the flood of buys is readily met with agreeable...

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Quoting dummytt

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Today is bad day for me {image}

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Quoting BeeTogether

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WTF just happened? a drop from 4258ish to 4210

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Quoting przfx

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{quote} I got obliterated ...still in profit, but f*cking much less after that move

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Quoting ghazy_55

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{quote} completely agree... But for me, there are no bears or bulls... there is only MM.... who does the blessed jop Where did the bulls go at 4260.... Did they run away and hide behind a tree i wonder ? do they give up all that hard work and move away ? The bulls are the bears ... they just take different sides of the equation as it is required.... Cheers...

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Quoting Pip.Sniper

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{quote} this is GOLD and Friday and Some big players really did the number on retail traders. but hell i didnt expected the 50$ move in 15M. that was something. which almost made me sad to be honest. but i did say that before also. friday could be crazy and that crazy i didnt expected. my direction was sell so i am fine. better then to be honest. but thank GOD i was taught when you trade with low leverage then it will be small loss even with 50$ move. so patience paid off actually. but i will admist i know it went again like yesterday 20$ 25 something...

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Quoting ghazy_55

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{quote} completely agree... But for me, there are no bears or bulls... there is only MM.... who does the blessed jop Where did the bulls go at 4260.... Did they run away and hide behind a tree i wonder ? do they give up all that hard work and move away ? The bulls are the bears ... they just take different sides of the equation as it is required.... Cheers...

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Quoting Haks

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{quote} Me being someone that doesn’t use stoploss, this was a good example of where that would have been a lifesaver. At least you aren’t actually in a loss so be thankful and who knows maybe next week it’ll hit your target (assuming you intend to hold through the weekend)

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Quoting Haks

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{quote} Me being someone that doesn’t use stoploss, this was a good example of where that would have been a lifesaver. At least you aren’t actually in a loss so be thankful and who knows maybe next week it’ll hit your target (assuming you intend to hold through the weekend)

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Quoting Psalmorg

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{quote} Reactions at the zone. Waiting for 1min confirmation entry {image}

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