Gold with No Drama

Trying to scalp with tight sl during Asia I hope market is going to retest again for the better bearish momentum to break 4400

Value average price for this month, so they will argue each 45k points from the value area of that specific day, is what i am telling since last month, last month was about 100k this month is less, it is what it is...
It can be positive or negative 1, 2 or 3 deviations last one very rare or end like a dodji and both sides in agreement.
Is the reason reactions happen at specific levels, taking profits, buyers who think that is the value price and so on...
Knowing this and aiming just a quarter from 65% probabilities the odds increase substancial.... The rest is up to them...

EDIT: And if the momentum is strong and break it whoever has the financial capacity to move the market and had limits there will mitigate this price with a high probability as well.

Anyone else looking at this triangle?

dont be like this bull running into walls.... save ur money for longs until price gets to 4100

Deal,
do you have any recommendations where can I start learning trading? Any books, tools for annalysis etc.

I’ve recently started trading and coming here.
Mostly following replies from here, but I would like to truly understand it.

Thank you all for sharing your analysis here

Price will test 4321 before going back to 4700/4900. buy at 4321.

id like to talk about TLs- trend lines
i them, i am addicted by them.., so can talk a lot about..,

if you draw TL what do you expect..,do you want to fix some range.., or find possible "future price touch".., or break&retest (?!).., can be all of these.., right(?)

here is an example from other day/25.05.., my M15 chart with inside session TL that i draw at some particular time.., edited: and Fib, as usually

M15

as you can see.., price was ranging.., this range was around two hundred pips, means you can easily take around twenty-fifty-one hundred..,
i watch reverse of price or possible break..,

your trade as i can see was in profit at the beginning and then.., why did you let it become negative

you can ignore all this

45K points means 45,000 points.
The “K” means thousand.

Examples:
1K = 1,000
10K = 10,000
45K = 45,000

I had placed a buy limit and went to sleep because I had to go to work in the morning. When I woke up, the trade was in profit, but after coming back from work today I saw that it had hit stop loss.

sorry..,
imo, if you see your trade in profit and you have to leave.., before leave it's better to cash out

“True, I agree. I should’ve booked profit or protected the trade before leaving. I’ll improve that.”

Hi guys
I believe that gold will continue to be weak as long as dxy is rising. And I believe it is heading for 100 on this chart

First, you need to choose what you want to be, a day trader or a swing trader.
Second, about risk management.
Third, volatility and standard deviations because these two are related to the previous one.
I'm not going to advise you to read any book, not because I think it's not worth it, just because I haven't read a single one. I come to my conclusions thinking outside the box, and like me, your experience will not be easy like mine wasn't at the beginning.
Unless you come to this business with the mindset that nothing is granted, and stay away from anyone who says that. Market conditions can change at any time, so locking in your profits and not being a believer, because is the worst mistake a trader can make, even with a high-probability setup.
Lastly, average price and volume together is a powerful tool, and each currency or asset has different patterns. Just because a setup works on one side doesn't mean it works on the other. Knowing what you're trading well, gaining experience to be successful, try not to change your setup just because it didn't work a few times, but rather understand why it didn't work and what happens next.
The price doesn't deceive us, it's we who don't accept that it's telling us a different story than the one we expected to happen.
It's not the strategies you find out there that are wrong, it's the psychology and stubbornness of the trader. Then comes the type of trader you want to be, trend trader or scalper.
As a day trader, I advise scalper and move on the next day... The market is fractal, the swing patterns happen lower timeframes as well...
I would really like to help you more beyond these tips, but I or someone else don't holds a holy grail in their hands.
When i get close of it, like i always do i will share it for free, meanwhile i am just an ordinary trader trying to survive in the middle of sharks...

Based on a pattern strategy this would be my personal roadmap:
S1.- 4,310
R1.- 4,387
S2.- 4,280
R2.- 4,325
end of pattern 4.106 let's see what happens.

$4400-4380 a double bottom can happen
But ultimate target $4100 & $3700 before October or November

Sell 4460 TP 4400

GM i have bought at previous daily low and NY sesh low but i am a little nervous about my tp, for now it is placed at june 1st low where there was a reaction before, but i am a little afraid of the bearish trendline that i drew and also the chance of it retesting 4463 before continuing to drop, what do you think?

4459 is expected by my analysis so hold the trade close manually according to that moment

You want to know what I think but of course it's my mind and it's your money. In case of doubt and especially if you are in a profitable position, one option is to close and preserve the profits until another opportunity appears according to your way of operating. Just my 2 cents. Cheers

For not saying that is not in advance, new day, and looking for value area, initial to be a pullback or reversal if we get there bearish side 4382.12 and bullish side 4495.19.
But like i said, i like to see what happen after 21pm ny, what it break and from where, is the pivot i use...
More times than not the range ends beeing broken after this hour again, if this candle instead is a continuation, this price can change.
To bearish side in swing levels i have empty space to 4366, so caution here, don't give this numbers for granted because 21 pm ny candle is very important, is like 10am ny candle 80% of the times have a pullback. This candle to me is the opposite is a continuation candle as long break a level....
For bullside as swing level i have 4474...
Back by that time...


EDIT: Extended levels 4529 and below 4336
And if we reach before 21pm ny candle close, forget all of this... Measures will be diferent, average is not static...