Attachments: Gold with No Drama

Gold with No Drama

#50,221
May 13, 2026 1:00pm May 13, 2026 1:00pm

Mitiblotch
Joined Sep 2017 | Status: Trader | 11,221 Posts

Quoting Deal

Disliked

{quote} It is what it is... Draw on Monday open... I expect bounce back, not know if reach there, two diferent things... {image}

Ignored

EU is flashing 1550 on my chart. Just a matter of time. From 1.17 to 1.18 is all resistance that shoot price down.

#50,222
May 13, 2026 1:24pm May 13, 2026 1:24pm

IKazer
| Joined Apr 2026 | Status: Trader | 71 Posts

Quoting Traderview

Disliked

waiting for the silver to hit 90, before a downfall.

Ignored

any analysys on silver ? how much is gonna fall?

#50,223
May 13, 2026 1:57pm May 13, 2026 1:57pm

avneroi
| Joined Sep 2025 | Status: Trader | 130 Posts

hmmm...
Daily timeframe shows 2 bearish candles, which means it might go down again, but tommorow we still have extreme news... Kinda weird seeing that this week gold is still moving in compounding mode and not regularly

Attached Image(s) (click to enlarge)

Click to Enlarge

Name: IMG_3314.png
Size: 59 KB

Click to Enlarge

Name: IMG_3316.jpeg
Size: 26 KB

#50,224
May 13, 2026 2:59pm May 13, 2026 2:59pm

Deal
Joined Nov 2024 | Status: Trader | 5,210 Posts

Quoting Mitiblotch

Disliked

{quote} EU is flashing 1550 on my chart. Just a matter of time. From 1.17 to 1.18 is all resistance that shoot price down.

Ignored

Not for this week...
That price is for the week...
And i talk about EU because it gives me the strength of USD at specific times as confluence to Gold.
It have no sense like today, EU breaking hard an 1h range with such expansion and see people here talking about 750.
The same happen two days before, EU reversing 1h before at Asia and people with fomo of buying after monday close...
Is just a simple pair that last couple of months i had notice this kind of correlation and had it to my confluences...

#50,225
May 13, 2026 4:00pm May 13, 2026 4:00pm

Huzaifa88
Joined Feb 2025 | Status: Trader | 1,204 Posts

as expected price ranged today
really messy price action today
until ny open when bulls started to gain strength but nope
still its ranging
two scenarios for me
one
as it is looking it will decend tomorrow
number 2
it will take 4740 from there either push higher or dump tuesday low lets see

#50,226
May 13, 2026 4:04pm May 13, 2026 4:04pm

Aliharisbutt
| Joined Apr 2026 | Status: Trader | 318 Posts

Quoting Huzaifa88

Disliked

as expected price ranged today really messy price action today until ny open when bulls started to gain strength but nope still its ranging two scenarios for me one as it is looking it will decend tomorrow number 2 it will take 4740 from there either push higher or dump tuesday low lets see

Ignored

if mr trump and nr xi has a good business deal done. Price might need short term correction?

#50,227
May 13, 2026 4:06pm May 13, 2026 4:06pm

Aliharisbutt
| Joined Apr 2026 | Status: Trader | 318 Posts

Quoting Huzaifa88

Disliked

as expected price ranged today really messy price action today until ny open when bulls started to gain strength but nope still its ranging two scenarios for me one as it is looking it will decend tomorrow number 2 it will take 4740 from there either push higher or dump tuesday low lets see

Ignored

if summit goes successful as per mr trump expectations

#50,228
May 13, 2026 4:07pm May 13, 2026 4:07pm

Huzaifa88
Joined Feb 2025 | Status: Trader | 1,204 Posts

Quoting aliharisbutt

Disliked

{quote} if mr trump and nr xi has a good business deal done. Price might need short term correction?

Ignored

yes that is what iam expecting and feeling too
this entire move today
as per my analysis far is not as it seems
i still have liquidity resting above
althoughh their was 4h imbalance i had in mind it will get respected
it did but left the liquidity which i had highlighted
no worries perhaps my analysis might be wrong their
let see what is next

#50,229
May 13, 2026 4:09pm May 13, 2026 4:09pm

Huzaifa88
Joined Feb 2025 | Status: Trader | 1,204 Posts

Quoting aliharisbutt

Disliked

{quote} if summit goes successful as per mr trump expectations

Ignored

whatever fool does
he should be stopped from this non sense tweet war
really pathetic price action
and honestly for newbies its really headache and hence they give up

#50,230
May 13, 2026 4:12pm May 13, 2026 4:12pm

Aliharisbutt
| Joined Apr 2026 | Status: Trader | 318 Posts

Quoting Huzaifa88

Disliked

{quote} yes that is what iam expecting and feeling too this entire move today as per my analysis far is not as it seems i still have liquidity resting above althoughh their was 4h imbalance i had in mind it will get respected it did but left the liquidity which i had highlighted no worries perhaps my analysis might be wrong their let see what is next

Ignored

no. Your analysis are right. But just a little geopolitical attachment we can expect

#50,231
May 13, 2026 4:13pm May 13, 2026 4:13pm

Aliharisbutt
| Joined Apr 2026 | Status: Trader | 318 Posts

Quoting Huzaifa88

Disliked

{quote} whatever fool does he should be stopped from this non sense tweet war really pathetic price action and honestly for newbies its really headache and hence they give up

Ignored

yesss i believe many newbies have gone into bankruptcy already. Lol. God bless them all.

#50,232
May 13, 2026 4:15pm May 13, 2026 4:15pm

Huzaifa88
Joined Feb 2025 | Status: Trader | 1,204 Posts

Quoting aliharisbutt

Disliked

{quote} no. Your analysis are right. But just a little geopolitical attachment we can expect

Ignored

lets see
whatever happens

there are multiple reasons why i never ignore fundamentals no matter what others say
this is the reality

#50,233
May 13, 2026 4:20pm May 13, 2026 4:20pm

Aliharisbutt
| Joined Apr 2026 | Status: Trader | 318 Posts

Quoting Huzaifa88

Disliked

{quote} lets see whatever happens there are multiple reasons why i never ignore fundamentals no matter what others say this is the reality

Ignored

i expect 4400 correction if summit is successful

#50,234
May 13, 2026 5:17pm May 13, 2026 5:17pm

Renalder
| Joined Apr 2026 | Status: Trader | 3 Posts

Quoting Aliharisbutt

Disliked

{quote} yesss i believe many newbies have gone into bankruptcy already. Lol. God bless them all.

Ignored

Classic: while everyone in the comments is fighting the market, the newbies just press the wrong buttons and then declare that the market is evil and illogical. In reality, he simply doesn't read the tweets and doesn't know that he has already been defeated

#50,235
Edited 5:46pm May 13, 2026 5:35pm | Edited 5:46pm

StillDreamer
Joined Jun 2025 | Status: Trader | 203 Posts

Quoting Aliharisbutt

Disliked

{quote} i expect 4400 correction if summit is successful

Ignored

If US-China summit become successful and produce a solution to Iran war, it would be Gold bullish considering the patterns during the war (except first day of war). At begin of war Gold has surged as a classic safe haven behaviour then collapsed due to oil shock and run to cash. 1) High increase in oil prices triggered inflation fears at developed countries and caused the fear of higher interest rates (gold bearish). 2) Some big players liquidated their longs due to the need for cash and even some oil dependent countries like Turkiye sold Gold reserves.

So, during Iran war, Gold is not behaving as a classic safe haven, not anymore due to oil factor. It is mostly related to oil and cash needs of big players nowadays. End of war will be Gold bullish most likely because of relief in oil prices, inflation expectations and liquidity problems (cash needs). If Iran war escalates and spread to the region, that would be Gold bearish or chaotic range. There can be even panic sells depends on cash needs of big players.

Understanding fundamentals are very important as well as technical analysis. But, it is more complicated and tricky than technicals in most cases because too many changing variables.

I wanted to write this in detail because I see from many different posts in this thread that many people are still expecting that Gold will be dropping if tension decreases and peace comes. But, actually when you just look at last couple of weeks' Gold big rises, you would see that almost all were because of big news suggesting relief/peace/ceasefire at Iran war.

Nothing is certain (all we do is trying to understand what is going on and what can happen next) and fundamentals may play itself delayed (after some bear/bull traps, range), but different gold behaviour during Iran war is quite observable imho.

#50,236
May 13, 2026 6:10pm May 13, 2026 6:10pm

Karlzhhh
| Joined Mar 2026 | Status: Trader | 154 Posts

Quoting StillDreamer

Disliked

{quote} If US-China summit become successful and produce a solution to Iran war, it would be Gold bullish considering the patterns during the war (except first day of war). At begin of war Gold has surged as a classic safe haven behaviour then collapsed due to oil shock and run to cash. 1) High increase in oil prices triggered inflation fears at developed countries and caused the fear of higher interest rates (gold bearish). 2) Some big players liquidated their longs due to the need for cash and even some oil dependent countries like Turkiye sold...

Ignored

Exactly this!

People are overestimating the sell potential. Take a look at gold last year Q4 it was on a massive bull run.

Even now gold is fighting 4700 again with consolidation happening.

I think we should remember gold is a limited resource.

#50,237
May 13, 2026 6:16pm May 13, 2026 6:16pm

alkenany
| Joined Dec 2007 | Status: Trader | 332 Posts

Quoting StillDreamer

Disliked

{quote} If US-China summit become successful and produce a solution to Iran war, it would be Gold bullish considering the patterns during the war (except first day of war). At begin of war Gold has surged as a classic safe haven behaviour then collapsed due to oil shock and run to cash. 1) High increase in oil prices triggered inflation fears at developed countries and caused the fear of higher interest rates (gold bearish). 2) Some big players liquidated their longs due to the need for cash and even some oil dependent countries like Turkiye sold...

Ignored

#50,238
May 13, 2026 6:29pm May 13, 2026 6:29pm

Sandy1994
Joined Mar 2024 | Status: Trader | 467 Posts

Price is no longer cleanly bullish. It is forming a descending triangle / bearish compression pattern. The white trendline shows lower highs, while the red horizontal support near 4650.94 is the major floor. That means sellers are gradually pressing price lower, but the full breakdown has not happened yet.
The current price around 4698–4704 is sitting near the descending trendline resistance, so this is a decision area. The sell signal around 4691.81 already hit TP1, which tells us sellers are active, but price is still chopping above the major support.
Key levels
Resistance: 4704–4712, then 4724–4745.
Major invalidation for shorts: above 4745, and especially above 4767.
Support: 4684, then 4664, then 4650.94.
Breakdown targets below 4650: 4636, 4623, then 4602.
Best trade idea
I would not buy this yet. The cleaner setup is still sell the rally while price remains under the descending trendline.
Sell setup:
Entry: 4704–4712 if price rejects the trendline.
Stop loss: 4725 for tighter risk, or 4746 for safer structure.
TP1: 4684.
TP2: 4664.
TP3: 4650.94.
Breakdown setup:
If H1 closes below 4650.94, sell the retest of 4650 from underneath.
Targets: 4636, 4623, 4602.
Invalidation
If H1 closes above 4724 and holds, the short becomes weaker.
If H1 reclaims 4745–4767, the bearish triangle is likely failing and the chart can rotate bullish again.
Forum-style paragraph
XAUUSD H1 is now forming a descending triangle / bearish compression pattern. Price is making lower highs under the descending trendline while holding above major support at 4650.94. The previous bullish continuation failed to break higher, and the recent sell signal already reached TP1, showing sellers are active. I am watching 4704–4712 for a rejection short, targeting 4684, 4664, and 4650. A clean H1 break below 4650 would confirm bearish continuation toward 4636, 4623, and 4602. A sustained close above 4724 weakens the setup, while a reclaim above 4745–4767 invalidates the bearish structure.

Attached Image (click to enlarge)