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  • #96,641
  • Jun 10, 1:07am (15 hr ago) Jun 10, 1:07am (15 hr ago)
Quoting ChiForex
For today, I'll be cautious folks as we entered a tricky crucial support zone like btw speeding weakness below 4230s then more clear below 4190-95 and bouncing back up for deeper retracement. Also it's very important to monitor price action if the slide continues without retracement might mean a bounce later, again especially with CPI today. Good luck
Now I'm just looking at the chart playing out towards the major target I set months ago but can't enter cos of the lack of proper retracement..
Same thing happened on Friday,. Very few pips to the entry limit I set and then it left me with triggering it..
I'm just so angry right now..

I guess all entries would be manual henceforth,. Gold is just not stable these days..
  • #96,642
  • Jun 10, 1:34am (14 hr ago) Jun 10, 1:34am (14 hr ago)
XAUUSD, what lies ahead ?

Major bearish trendline is intact since the ATH of Jan 2026, and price has shown multiple rejections from it (marked by red arrows) forming a sustained bearish structure of LL & LH, as marked by Green path, price is expected to surpass the previous low of 4098 to keep the structure intact. Most recent rejection from the falling trendline came at 4595, which was a crucial resistance zone-1 and since then price is on a free fall.

DXY long term structure supports the gold down-move (Look at the referenced ideas).

Moving forward next support is seen at 4098, but if 4098 is broken then price might retest the level of 3900. Immediate resistance is at 4365.
If price shows some strong pull-backs, its expected to stopped-out at the bearish trendline. However immediate resistance is at zone-3 & above that 4363.

For Educational Purposes only, Not an Investment Advice.

Any new perspective you want to add, Please feel free to mention below in the comment.

Regards CrazyTrades247.
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  • #96,643
  • Jun 10, 1:48am (14 hr ago) Jun 10, 1:48am (14 hr ago)
Counterparts and complements in the financial market !
In the world we live in, everything is based on symmetry and counterpoint ! You have two eyes, two ears, two arms and legs, and ... in your body ! So every body, whether animate or inanimate, has its counterpart ! The same principle exists in society, right-wing and left-wing! It doesn't matter whether you have left or right-wing beliefs, the important thing is that these two principles are necessary for the balance of society ! Just as there is God, there is also Satan! And you cannot deny either of them, and the universe is formed from the symmetry of these two existences ! The same principle also exists in humans, a complete being is created from the combination of a woman and a man !
Anyway, and far from the margins ! The financial market is composed of two powers of buyers and sellers! Whenever the buyer's power is greater than the seller's, the market trend is accompanied by an upward acceleration, and whenever the seller becomes strong, vice versa! Now imagine a market that has neither a strong buyer nor a strong seller ! A motionless and suffering market where transactions are carried out with a low profit and loss ratio ! So the principle of symmetry or symmetry must be observed everywhere !
Usually, the symmetry of each principle is the complement of the opposite symbol! That is, the moment buyers are strong, sellers are weak in the same proportion ! And this principle is repeated like a pendulum !
Therefore, a market that fluctuates more is more lively and alive than a slow market ! And in this volatile and stressful market, losses are more than wins! Because the trader makes decisions in excitement! If the trader is successful ! Like a farmer, he plants his seeds in the ground and watches the seedlings grow ! Like a fisherman, he only throws a hook into the water to catch big fish !
A trader's personality symmetry can help him calm down in the financial market ! Most great traders are skilled at singing and playing instruments ! If we can match the vibration of a musical instrument with the computational frequency of our brain ! We have better peace in trading ! It doesn't matter what we play or what we listen to ! The important thing is to tune the frequency of the played tune to the frequency of the brain! Loud or soft music each has a different effect on us! But which of these two styles do we find most relaxing ?!

Sorry for expressing myself so briefly !
  • #96,644
  • Jun 10, 2:18am (13 hr ago) Jun 10, 2:18am (13 hr ago)
Quoting alireza8088
Counterparts and complements in the financial market ! In the world we live in, everything is based on symmetry and counterpoint ! You have two eyes, two ears, two arms and legs, and ... in your body ! So every body, whether animate or inanimate, has its counterpart ! The same principle exists in society, right-wing and left-wing! It doesn't matter whether you have left or right-wing beliefs, the important thing is that these two principles are necessary for the balance of society ! Just as there is God, there is also Satan! And you cannot deny...
physical body is fragile, the importsnt is the soul, the pure energy that never can destroyed, that can know beyond whatever physical matters in earth soy or galaxy, to know highest truthness and god the creater, by only this soul path and direction
  • #96,645
  • Jun 10, 2:50am (13 hr ago) Jun 10, 2:50am (13 hr ago)
Quoting alireza8088
Hello dear friends ! The two areas 4180-4185 and the area 4150-4155 are the areas where the price reacts to these two areas and grows upwards, and the first target can be 4195-4205-4215, and finally 4230 is the point where the price can reach !
If the price goes up to 4145 ! Don't be upset !
  • #96,646
  • Jun 10, 7:09am (9 hr ago) Jun 10, 7:09am (9 hr ago)
Quoting ChiForex
Sell Gold 4275-80 TP 4190-95 There's a possibility of targeting up to 4310. Be careful of US CPI crucial news today. Below 4190-95 will continue the fall to 4130s
Shortly before US CPI news..since the fall continued..I don't really see how that can continue as we're very near to touch my said 4130s
So I see a possible bounce up and anyways there's nothing to do at current level other than buy but with tight SL just below 4130 but also depends on your broker that might miss it if a spike down happens at news. Otherwise, be patient, we'll wait for a retrace...

Btw for currencies like GU/EU I see a possible bounce up to recent range price levels...still on long term as with Gold everything will continue going down vs the mighty $.. We're just talking here about good positioning so we don't get stuck in holding drawdown, besides most importantly that's how I trade..my system works on retracements basically.
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #96,647
  • Jun 10, 7:17am (8 hr ago) Jun 10, 7:17am (8 hr ago)
Quoting Izeey007
{quote} Now I'm just looking at the chart playing out towards the major target I set months ago but can't enter cos of the lack of proper retracement.. Same thing happened on Friday,. Very few pips to the entry limit I set and then it left me with triggering it.. I'm just so angry right now.. I guess all entries would be manual henceforth,. Gold is just not stable these days..
There'll always be such days...You can't catch every market move..but like where were you yesterday?!
There was a clear opportunity to earn up to 100 pips with selling Gold as you can review my posts of yesterday and I tried to help you all by updating you with my next moves...other than my already posted sell signal since market open.
Knowing that most traders on ff have some 20 pips daily target, so yesterday alone was like worth a whole week of trading...by executing just one trade.

It's about quality not quantity.
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #96,648
  • Jun 10, 7:20am (8 hr ago) Jun 10, 7:20am (8 hr ago)
Technically, there's a more probability for Gold to have a big spike up depending on CPI data too ofcourse..than GU/EU as it's way more begging for retracement. We're already within 4130s Let's see..
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #96,649
  • Jun 10, 7:55am (8 hr ago) Jun 10, 7:55am (8 hr ago)
Better think about the targets 4200 - 4230 and 4250 ! From the area 4110-4100 !
  • #96,650
  • Last Post: Jun 10, 8:19am (7 hr ago) Jun 10, 8:19am (7 hr ago)
Quoting ChiForex
{quote} There'll always be such days...You can't catch every market move..but like where were you yesterday?! There was a clear opportunity to earn up to 100 pips with selling Gold as you can review my posts of yesterday and I tried to help you all by updating you with my next moves...other than my already posted sell signal since market open. Knowing that most traders on ff have some 20 pips daily target, so yesterday alone was like worth a whole week of trading...by executing just one trade. It's about quality not quantity.
Yeah,. True.
I'd just try to be entering manually from now on..
Setting limits hasn't done me much good over the the months..
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