Gold with No Drama

BE at the test of 4622.585 a little buffer....
Failed the upside, pray for the downside...

And is all for me at this Asia, many manipulation at this level 4622.585 , will go 650 or 580...
Back at london.
Safe trades...

The median line appears to be at risk of breaking ?

Gold could nearly double, $8K, as emerging market central banks ditch the USD for bullion
Deutsche Bank has outlined a scenario in which accelerating central bank de-dollarisation pushes gold to $8,000 an ounce within five years, as emerging market institutions sitting on just 16% gold allocations show significant room to buy further.
The longer-term bull case rests on the pace and scale of emerging market reserve reallocation. At just 16% of emerging market central bank reserves currently, gold has significant headroom if those institutions move toward a 40% target allocation.

All my positions were closed across all my accounts. No trade till next week due to lack of structure.

What's wrong with gold, not moving a bit, USD is tanking down, wanting to touch the hell and gold is stiff, not moving, even usdjpy is down.

Morning London. Just focus on what you have already analyzed. IMHO , Trade it with honor.

TFH1 vs TFH1


edited

Strong Bearish Trend.
Juss Go with flow.

Maybe to do with bank holiday in China & lots of European countries.

SELL and safe

after 2 times BE and tiny stopout

Frankfurt entered the fray when PA was on its way down. They couldn't do much as PA continued on its soutward march.
London has now joined and they are making an impact already. They've gotten a new high at 4598.
Let's see how far they can go

Some basic fundamental overview for beginners to understand the situation of gold and also to those who think that there is no relation between oil and gold (it's not direct but it is related with respect to inflation)

New lo at London: 4585.
So, we are still south-bound

PA heading to Fib 50 of the latest H4 Swing at 4579, at the first call

failed

Reentry, TP1 is better. IMHO

Same story every time a simple and basic open/close in price...
Rejection in daily of an weekly fractal close bearish. The same signal yesterday bullish...
Somewhere i explain this already, but keep insisting in many noise.
If not respected become a high probability test..
I know, sometimes this noise is affecting my own bias but that is because i have a curse of not be bias...
Safe trades...
And remember... Rejections only have the obligation of making the move to the next level above or below as tipical, after that is up to them...

Buying scenario for start of next week

Fib 23.6 of the latest H4Swing is at 4565. It is a Key Level.
PA might bounce here

Taken an early entry and got stopped out. Re entered on my area. lets see how this one plays out.