Gold with No Drama

uhh gold.. lifes hard with gold.

If this 4h close above 5092.975 monday low is most likely locked untill touch 5130, but respect what price is doing and partials is a tool...
Gap continuation pattern 1st resistance have not been easy task, we break it, and tested so a close below 5072 can trigger a comeback to friday high.
Keep imagine reasons outside price to believe. That is not trading at most is investement. Price don't lie, some investements work, others not so much...
Not that is dificult to choose in gold, so any reason people give to buy long term the investement is correct, but that is not knowledge or beeing righ how to trade.
Personal opinion...
Safe trades.

Have a good week guys !
personally with such a run, I can’t enter into a long. Because at any moment it shorts and entering now isn’t in my strategy. It is so frustrating. But I will work this out, somehow

This is the area where most ppl blow their accounts. Size down if you want to enter. I'll wait for London chop before positioning myself for NY session

so, where Hong Kong gonna leave it & London take..,

I prefer to buy at 4980-5030 levels targeting 5250-5400

It may not come back to that level so soon. Definitely not this week

Time for siesta

As long as Ministry of finance of Japan keep fiscal spending expansionary, even with BOJ intervention, the cycle of liquidity will not change.

This is to say, if BOJ want to prop up YEN, it cannot do it alone, because the carry trade is too big to fail.

With accord done before, this left us with 1 path.

YEN against major pair


USD against major pairs



That is FED/Treasury dept WITH BOJ, they intervene together.

Remember i said,
With China dont give a rat ass about the US, the only way for Trump to support US economy is to devaluate the DOllar.
With BOJ, want to prop up YEN, it needs to Sell US dollar to buy back YEN. However, by doing so, this make carry trade unwind, which may cause spill over effect.


BAck to US, the stock market had become so big, that the stock market itself become the economy. Any change in stock market in NOMINAL term, directly impact the US economy in REAL TERM.

SO all along, our focus was on BOJ. But i think it will be FED to deliver the bomb, on FOMC.

Rate cut is not much a deal breaker, but any variance on liquidity, will sharply impact the risk curve in its entire.


As we can see, JPY had fallen more in USD terms than any other currency.
This means, Dollar sell to buy up YEN.

That way, more supply of DOLLAR and LESS SUpply of YEN.

SInce last week, i have been pondering about the discrepancies between USDJPY and YEN Futures

YEN Futures

WEEKLY OB touched before reversing

USDJPY weekly

Weekly OB not mitigated.


Turns out shitty hedge funds, been dumping dollar hard that prevent dollar in YEn to mitigated the weekly Order Block.

FOMC will be a deal breaker, we can even see intervention in the USD/JPY market.

Lots of volatility ahead.

This puts us in a situation where on cyclical basis, the uptrend in Nikkei to remain intact, as loose financial conditions and large deficit of the fiscal spending remains.
This will bullish for gold also. But we may get large profit taking candles that breaks internal structure while external structure remains intact.

At best, i see 4735 being retested before we moved to 5700.

Use Raveena Shilpa Indira on H1 or H4 chart and see Trend

PRICE gapped up , will come back to my pending buy at 49750.

If this 4h candle not break through 5111 means we will drop a little bit to fill this weekend gap as we did recently and there would be a good opportunity to go long, however price still bullish but scalpers be careful it might drop to fill that. Let’s see the london session how it plays out.

Hello dear friends ! After 19 days of internet silence ! Today I was able to open the Forex Factory page ! But still, neither the brokers' and exchanges' pages nor even the software itself are working ! May God return their injustice to themselves ! Amen

If you meant my charts, I wait for a clear rejection on the lower timeframe.

it wont

gap wont get filled guys the same thing happened last week. the real gap was to the downside which ended up getting filled. the weekend price was 5050 so price opened below.

Price rejected exactly 125% of his ADR, don't surprise be in this range between 100% / 125% only a break of this can trigger more value movement...
For me close inside this range will also not be surprise at all.
I just have to accept the movement was already made for the day for buys even if they keep rising, the odds are no more in buying despite be possible, are just that probabilities.
One more trade and for me the day is done, even my swing trades are breakeven because of this, there are always another day and setups.
125% is just 5098.
Remember this is a weekly gap, the levels are in play untill it resets 1 level... We don't need to go to 5130 today, we can but tomorrow is another day or Ny.
Safe trades.

im waiting for 5100 again, and then ill finish my day, these ups are making me stressed for a sudden drop and with news coming up too, best to just trade for a bit this week