Gold with No Drama

I'm with you Goldslave

already close with small profit...

This was my trading day today so far, trading gold during the London session, and honestly it’s been a pretty crazy one.

Price took out the Asia low around 10 o’clock with what looked like a wick move, and the very next candle was bullish. That initially showed buyers stepping in early during London, so the first bias was long.

Then price closed back below the Asia session, which made it look like we might continue lower toward yesterday’s London low and trade within that range. But instead of following through, price started pushing back up and is now sitting inside a consolidation zone. At this point, it’s unclear whether we’re breaking higher or rolling over.

We’re heading into the latter part of the London session now, and with New York coming in along with news releases, I expect volatility to expand heavily in gold today. Because of that, patience is key. The bias isn’t clear yet, and forcing trades here doesn’t make sense.

I took two trades today, one long based on the early London buying, and one short once price shifted context. I’m out now and waiting for proper confirmation before doing anything else. My higher-timeframe expectation is that we eventually move higher, but I wouldn’t be surprised to see a sharp correction first.

Overall, this feels like a high-probability day if you stay disciplined. It’s Thursday, there’s a lot of news, and volatility should be strong. Protect your capital, stay patient, and trade what you see, not what you want to see.
Stay safe and have a good trading day.

buyers are falling ???

BEAR AHEAD

Today’s Bias: Long

• Buyers still climbing, holding. Bias is long, but focus today is the perfect short from open price and last Asia high.
• Two main long zones with weak support.
• Perfect short setup is a fake breakout of both open and Asia high at the same time. Otherwise, normal long from zones if it builds clean and confident.
• Flip short if 4320 fails.

with tiny range....cant expect much....PA not good...and the timing before news( cinsolidation).

BUT...usually before news we should be in the middle of the range( around 4330)....

No real direction on retail sentiment yet - waiting for that then going the other way

of course you can draw TLs as you wish but..,

H4

waiting,..... the sell urks me a bit due to higher timeframe confluences , but for now im still planning to take the sell if it sets up

adding some..,
H4

Finally after 8 hours

imo, range 4310-4330th to tell.., if gold gonna go out
4310th is a middle of weekly
4329.30 is a middle of daily

In this, your last post, you were long.. now you are posting short setup

1 down, 1 to go, waiting for close of M30, this could be a push up, waiting for a nice format, or close low to drop till 259, dont look at my demo entry lol, it not in the book yet

maybe half the normal size long to 4343

Retail coming in short so should see price going up

yes i was in long position there then after 1:2 i closed my long and adedd a sell limit on 4337

Already closed 2 orders after catching another 2 entries at a lower price. With incoming news, its always a destroyer. so we just chill ..At least it did’t hurt that much if ever movement against it