Attachments: Gold with No Drama

Gold with No Drama

#44,961
Apr 10, 2026 9:07am Apr 10, 2026 9:07am

enarco
| Joined Feb 2020 | Status: Trader | 709 Posts

Quoting dopam1n

Disliked

what a bullshit day

Ignored

Its hard to resist the action of the casino some days.

Knowing when to stand aside is valuable.

You can find some side shows like Roscan Gold to buy and hold to give a kick while you wait for the AU set ups.

#44,962
Apr 10, 2026 9:09am Apr 10, 2026 9:09am

AbundanceFX
| Joined Aug 2022 | Status: Trader | 10 Posts

Jumping into this thread a bit late, but interesting to scroll back and see everyone debating 3650–3670 like it was the only thing that mattered.
After 30 years of trading gold, here's what actually stands out to me right now—and why most retail is looking in the wrong place.

First, the macro picture has shifted completely since September. Gold just tested $4,888 this week -2 and is trading around $4,762–$4,775 as we speak, on track for a third straight weekly gain -1 -3. That's not noise—that's a structural move.

What's driving it? Three things most people are missing:

Central bank accumulation isn't slowing down. China just increased gold reserves for the 17th consecutive month, adding another 16,000 ounces in March alone -4 -9. The PBOC is treating this as strategic—not speculative. That bid doesn't disappear because of one CPI print.
The geopolitical premium isn't going anywhere. Yes, there's a fragile two-week US-Iran ceasefire, but Israel just bombed Lebanon again yesterday, Iran is denying any negotiating delegation arrived in Pakistan, and the Strait of Hormuz remains largely disrupted -1 -2. Oil is still above $100. The idea that this resolves cleanly over a weekend? I've seen that movie before—it usually ends with a gap on Monday morning.
The technical setup is actually cleaner than people realize. We completed a full 5-wave ABC correction off the March low near $4,100, and we're now in Wave 5 with projections between $4,840–$5,000 -5. The 200-period SMA on the 4-hour is at $4,878—that's the immediate ceiling. A clean break above that opens the path toward $5,000 -1.

The real question isn't "is gold going up?" It's whether we get the breakout before or after this weekend's US-Iran talks in Pakistan. If those talks collapse—and given Trump's track record of reversing course on weekends—we could see a violent gap up Monday. If they hold, we might consolidate around $4,700–$4,800 for a bit.
One thing I've learned from three decades of this: in environments like this, most traders get chopped up because they're trading 5-minute charts and reacting to every headline. I've spent years refining a system that focuses on these institutional accumulation phases—the ones central banks and commercial hedgers are quietly positioning into. It's why I'm still here, and yes, it consistently doubles accounts. Not by gambling. By understanding what the smart money is actually doing.

Curious what others are thinking about the weekend talks—anyone sizing up for a potential gap, or staying flat into the uncertainty?

24HR PROFIT DOUBLE

#44,963
Apr 10, 2026 9:13am Apr 10, 2026 9:13am

giveachance
Joined Jun 2013 | Status: Trader by hobby not by profession | 7,045 Posts

Quoting dopam1n

Disliked

what a bullshit day

Ignored

#44,964
Apr 10, 2026 9:18am Apr 10, 2026 9:18am

giveachance
Joined Jun 2013 | Status: Trader by hobby not by profession | 7,045 Posts

finally some breakout but still want to see 4804 being cleared

#44,965
Apr 10, 2026 9:21am Apr 10, 2026 9:21am

giveachance
Joined Jun 2013 | Status: Trader by hobby not by profession | 7,045 Posts

what is the news?

#44,966
Apr 10, 2026 9:24am Apr 10, 2026 9:24am

Whale
Joined Jun 2013 | Status: Trader | 14,535 Posts

Bulls won the day. Im out.

#44,967
Apr 10, 2026 9:27am Apr 10, 2026 9:27am

rjngh2005
Joined Aug 2010 | Status: Trader | 168 Posts

Quoting giveachance

Disliked

what is the news?

Ignored

News is at the moment Iran/Israel is the aggressor and
others are taking the shit being delivered from Iran to other countries
like Kuwait and Saudi are shutting up even though they are attacked by IRAN
and china is buying oil from Iran and protecting their ships with soldiers armed with RPG to avoid anyone trying to board them

It is also possible that Saturday meeting for discussions between USA and IRAN may or may not happen

#44,968
Apr 10, 2026 9:29am Apr 10, 2026 9:29am

enarco
| Joined Feb 2020 | Status: Trader | 709 Posts

Quoting AbundanceFX

Disliked

Jumping into this thread a bit late, but interesting to scroll back and see everyone debating 3650–3670 like it was the only thing that mattered. After 30 years of trading gold, here's what actually stands out to me right now—and why most retail is looking in the wrong place. First, the macro picture has shifted completely since September. Gold just tested $4,888 this week -2 and is trading around $4,762–$4,775 as we speak,...

Ignored

Thank you for your analysis and experience. I hope it is respected. We need to understand the market participants and you are including it. Based on this recovery post Parabola price movements I agree this is structural. What would normally waffle away after the parabola rush and exit has turned into accumulation from my standpoint. So I agree with your structural commentary and the technicals just need to get on our side a bit more. It is looking good.

Thanks again. Looking forward to your views.

#44,969
Apr 10, 2026 9:31am Apr 10, 2026 9:31am

MoneyPrinte
Joined Jan 2025 | Status: Trader | 1,661 Posts

Quoting MoneyPrinte

Disliked

{quote} {image}

Ignored

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https://x.com/moneyprinte

#44,970
Apr 10, 2026 9:36am Apr 10, 2026 9:36am

giveachance
Joined Jun 2013 | Status: Trader by hobby not by profession | 7,045 Posts

oh boy same old bullshit move where it spikes for 30 mins and then cools off

#44,971
Apr 10, 2026 9:37am Apr 10, 2026 9:37am

SibiSh
Joined Jun 2025 | Status: Trader | 1,839 Posts | Online Now

Quoting SibiSh

Disliked

Gold H1 Analysis Gold is currently consolidating within a tightening ascending triangle, wedge structure after a strong impulsive move. Price is holding above the key support zone around 4738-4750 while repeatedly facing rejection near 4800-4810 resistance. This indicates accumulation before a potential breakout. The trend bias remains slightly bullish as price is respecting the rising trendline but confirmation is needed with a clean breakout above resistance. A fakeout or liquidity sweep below 4738 is also possible before the real move. Trade...

Ignored

4800 breaks properly then might be 4820-30 and final TP 4870

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Patience

#44,972
Apr 10, 2026 9:40am Apr 10, 2026 9:40am

BeeTogether
Joined Oct 2020 | Status: Trader | 14,004 Posts | Online Now

Quoting SibiSh

Disliked

{quote} 4800 breaks properly then might be 4820-30 and final TP 4870{image}

Ignored

i cant see 4870 today especially with the sluggish movement this week. however 4820-30 defo a possible for close

Insane in the Brain..

#44,973
Apr 10, 2026 9:42am Apr 10, 2026 9:42am

Bloodwish
| Commercial User | Joined Dec 2023 | 2,121 Posts

Target hit

#44,974
Apr 10, 2026 9:50am Apr 10, 2026 9:50am

teeibrooks
| Joined Mar 2026 | Status: Trader | 2 Posts

Quoting AbundanceFX

Disliked

Jumping into this thread a bit late, but interesting to scroll back and see everyone debating 3650–3670 like it was the only thing that mattered. After 30 years of trading gold, here's what actually stands out to me right now—and why most retail is looking in the wrong place. First, the macro picture has shifted completely since September. Gold just tested $4,888 this week -2 and is trading around $4,762–$4,775 as we speak,...

Ignored

Thanks for the insight, Sir.

#44,975
Apr 10, 2026 9:56am Apr 10, 2026 9:56am

giveachance
Joined Jun 2013 | Status: Trader by hobby not by profession | 7,045 Posts

game over leadies and gentleman. iran is not travelling to Pakistan

#44,976
Apr 10, 2026 10:02am Apr 10, 2026 10:02am

babayaga
Joined Aug 2010 | Status: Trader | 5,354 Posts

Quoting kttradess

Disliked

{quote} are you a violinist

Ignored

my post was so out of.., that makes you think this way(?).., sorry
played piano when was young cause of my parents

besides some music that i find on my own.., movies that i watch gives me additional playlists or some sort of research
one that you quoted from "Pretty Lethal"

dolce vita

#44,977
Apr 10, 2026 10:03am Apr 10, 2026 10:03am

SibiSh
Joined Jun 2025 | Status: Trader | 1,839 Posts | Online Now

Quoting BeeTogether

Disliked

{quote} i cant see 4870 today especially with the sluggish movement this week. however 4820-30 defo a possible for close

Ignored

yep true but these stupid war news are manipulating the market for 4830 we need to break 4800 with solid 1hr candle

Patience

#44,978
Apr 10, 2026 10:04am Apr 10, 2026 10:04am

BeeTogether
Joined Oct 2020 | Status: Trader | 14,004 Posts | Online Now

Quoting SibiSh

Disliked

{quote} yep true but these stupid war news are manipulating the market for 4830 we need to break 4800 with solid 1hr candle

Ignored

4800 is the sticking point so far, just cant crack it!

Insane in the Brain..