Gold with No Drama

Quoting ciptrader

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{quote} You need a double bottom confirmation

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Quoting Pavil

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Do you think the market is seeking liquidity or will it return to the sidelines?

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Quoting PixelAura

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{quote} Next target

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Quoting SibiSh

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Gold is currently moving inside a rising channel but recently consolidating in a tight sideways range between 4570 and 4630. Price has respected the lower support trendline multiple times showing some buyer activity. However weak highs near 4641 and momentum is slowing. If gold breaks below the rising support around 4600) the next targets could be the 4556-38 and possibly further down toward 4480. Short term bias is neutral to slightly bearish if support breaks. A failure to sustain above 4620-4630 may trigger a downward move.{image}

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Quoting SibiSh

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Gold is currently consolidating within a rising channel after a strong impulsive move up. Price is ranging between the key support zone around 4555-4535 and resistance near 4625-4635 showing indecision after the recent rejection from the upper boundary. As long as gold holds above the 4550 area the bullish structure remains intact and a breakout above 4635 could open the way toward 4680-4690. However a clear break below 4535 would weaken the bullish bias and may trigger a deeper pullback toward 4480-4460.{image}

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Quoting SibiSh

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{quote} Sell trade worked perfectly as price faced strong rejection near the upper range and trendline resistance around 4630-40. After the rejection gold broke below the intraday support and moved lower with strong bearish momentum respecting the bearish channel structure. The price smoothly traveled through key fibonacci levels and support zones hitting all projected downside targets one by one. This confirmed sellers control and validated the sell setup with price finally stabilizing near the lower support area after completing the full bearish...

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Quoting Raventine

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how about now? not so easy huh? yes it not easy Very strong rejection from breakout level, be well aware to fomo sell {image}

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Quoting AshleyFX

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Hello all I didn’t trade Asian or London cuz that range would have been annoying as hell. I was looking for either a break and hold above 4620 or below 45xx Taken my first trade XAU BUY @ 4545 Tp around previous high {image} {image}

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Quoting sunilpawar

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Short 4590 SL 4605(Mental) TP - 4568

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Quoting AshleyFX

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{quote} Nice entry will see some resistance around 458x but if broken will add another position to 4700 {image} {image}

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Quoting SibiSh

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{quote} 4580 should be broken properly. Gold has rejected uper trendline multiple time and now it should break 4580 for further downward move. Trades from monday are still running and waiting for target. {image}{image}

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Quoting HelEntrophy

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{quote} what's the buy target for today in your opinion?

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Quoting Soloharbinge

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If I know the slightest about gold After a range it breaks to the first direction very deeply and then reverse completely to the other direction So in a way I can still read some bullishness here!

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Quoting sunilpawar

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Short 4590 SL 4605(Mental) TP - 4568

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