Attachments: Gold with No Drama

Gold with No Drama

#62,921
Jul 13, 8:44am (2 hr 13 min ago) Jul 13, 8:44am (2 hr 13 min ago)

Mrafi1982
Joined Mar 2020 | Status: Trader | 620 Posts | Online Now

I doubt we will be able to hold 4055

#62,922
Jul 13, 8:45am (2 hr 13 min ago) Jul 13, 8:45am (2 hr 13 min ago)

Obdyx2
| Joined May 2026 | Status: Trader | 187 Posts | Online Now

Quoting Obdyx2

Disliked

We're back to 4055. Looks like, whoever captures it will carry day. Come on bears, come on bulls!

Ignored

The truth is that the odds are in favour of the bears

#62,923
Jul 13, 8:45am (2 hr 13 min ago) Jul 13, 8:45am (2 hr 13 min ago)

RioJj
| Joined Jul 2025 | Status: Trader | 16 Posts

Come on trap the sellers

#62,924
Jul 13, 8:48am (2 hr 10 min ago) Jul 13, 8:48am (2 hr 10 min ago)

jessetoye
| Joined Dec 2007 | Status: Trader | 104 Posts | Online Now

Quoting Mitiblotch

Disliked

{quote} The manipulation and laundering of money is obvious. Focus shifted from Russia-Ukraine to this. It shows the humans running the show are despicable. The US-Iran skirmish makes money so the news reports on every duck quacking to spin price.

Ignored

The only way now is to look out for breakout or breakdown, pick 20-40pips and move on to the next day. Don't bother about what you left on the table.
It's becoming terrible trading Gold on Mondays.
Tomorrow is another day for fundamentals to do some moving.

#62,925
Jul 13, 8:50am (2 hr 8 min ago) Jul 13, 8:50am (2 hr 8 min ago)

Max-EsMx
| Joined Jan 2026 | Status: Trader | 16 Posts

Maybe preparing a buy, at 4043, tp 4063 sl 4033
Letse the movement...

Excellent Monday

#62,926
Jul 13, 8:51am (2 hr 7 min ago) Jul 13, 8:51am (2 hr 7 min ago)

farshadfx
| Joined Jul 2017 | Status: Trader | 107 Posts | Online Now

Cleared 4049
now 4049
Price @ the edge of weekly low

#62,927
Jul 13, 8:52am (2 hr 5 min ago) Jul 13, 8:52am (2 hr 5 min ago)

XcapeReality
| Joined Feb 2026 | Status: Trader | 188 Posts | Online Now

Quoting jessetoye

Disliked

{quote} The only way now is to look out for breakout or breakdown, pick 20-40pips and move on to the next day. Don't bother about what you left on the table. It's becoming terrible trading Gold on Mondays. Tomorrow is another day for fundamentals to do some moving.

Ignored

The only way? When you say 20-40 pips you mean 2-4 dollars in gold price?

#62,928
Jul 13, 8:54am (2 hr 4 min ago) Jul 13, 8:54am (2 hr 4 min ago)

Obdyx2
| Joined May 2026 | Status: Trader | 187 Posts | Online Now

4021 is now on the radar

#62,929
Jul 13, 8:56am (2 hr 2 min ago) Jul 13, 8:56am (2 hr 2 min ago)

jessetoye
| Joined Dec 2007 | Status: Trader | 104 Posts | Online Now

Quoting XcapeReality

Disliked

{quote} The only way? When you say 20-40 pips you mean 2-4 dollars in gold price?

Ignored

That's 20-40 USD
How do you calculate gold price?

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#62,930
Jul 13, 8:57am (2 hr 1 min ago) Jul 13, 8:57am (2 hr 1 min ago)

Zebi
Joined May 2022 | Status: Trader | 8,309 Posts

trump the almighty giveth you a gold rally using tariffs and the supreme court taketh it away with their ruling LOL

and gold hasnt and wont recover from it for 5 to 10 years

short trump and go long the deepstate

#62,931
Jul 13, 8:59am (1 hr 59 min ago) Jul 13, 8:59am (1 hr 59 min ago)

Obdyx2
| Joined May 2026 | Status: Trader | 187 Posts | Online Now

From 4042 back to 4055? Unfortunately for the bulls, H1 is closing in the next 2 minutes and there is no way it will close bullish

#62,932
Jul 13, 8:59am (1 hr 59 min ago) Jul 13, 8:59am (1 hr 59 min ago)

Max-EsMx
| Joined Jan 2026 | Status: Trader | 16 Posts

Selling at 4050, tp 4030, sl 4060

#62,933
Jul 13, 9:01am (1 hr 57 min ago) Jul 13, 9:01am (1 hr 57 min ago)

XcapeReality
| Joined Feb 2026 | Status: Trader | 188 Posts | Online Now

Quoting jessetoye

Disliked

{quote} That's 20-40 USD How do you calculate gold price? {image}

Ignored

I was always taught 10 dollars price is 100 pips. Which is why I wanted to check as I know there seems to be different school of thoughts on it

#62,934
Jul 13, 9:04am (1 hr 54 min ago) Jul 13, 9:04am (1 hr 54 min ago)

Zebi
Joined May 2022 | Status: Trader | 8,309 Posts

Quoting XcapeReality

Disliked

{quote} I was always taught 10 dollars price is 100 pips. Which is why I wanted to check as I know there seems to be different school of thoughts on it

Ignored

thats correct

pips is what ticks are in futures

so 10 dollar move is 100 pips or ticks

short trump and go long the deepstate

#62,935
Jul 13, 9:06am (1 hr 52 min ago) Jul 13, 9:06am (1 hr 52 min ago)

Huzaifa88
Joined Feb 2025 | Status: Trader | 1,359 Posts

Now its quite clear
we going to Break 4020
then we will possibly look for buys

#62,936
Jul 13, 9:08am (1 hr 50 min ago) Jul 13, 9:08am (1 hr 50 min ago)

bolade
| Joined Jun 2008 | Status: Trader | 116 Posts | Online Now

I see price hitting monthly MA20 before going back up

#62,937
Jul 13, 9:09am (1 hr 49 min ago) Jul 13, 9:09am (1 hr 49 min ago)

XcapeReality
| Joined Feb 2026 | Status: Trader | 188 Posts | Online Now

Quoting Zebi

Disliked

{quote} thats correct pips is what ticks are in futures so 10 dollar move is 100 pips or ticks

Ignored

Glad we are on the same page then

#62,938
Jul 13, 9:09am (1 hr 49 min ago) Jul 13, 9:09am (1 hr 49 min ago)

Zebi
Joined May 2022 | Status: Trader | 8,309 Posts

Quoting Zebi

Disliked

{quote} {quote} {quote} my first short thursday and then i did another next day i just closed for 700 pips and goin to bed price is still bearish but im not screwing around trying for another 200 pips to 4034

Ignored

there goes my target

price will prolly fall to 3975 we just dont know how torturous a path it will take to get there LOL

but prolly by end of this week

short trump and go long the deepstate

#62,939
Jul 13, 9:11am (1 hr 47 min ago) Jul 13, 9:11am (1 hr 47 min ago)

jessetoye
| Joined Dec 2007 | Status: Trader | 104 Posts | Online Now

Quoting XcapeReality

Disliked

{quote} I was always taught 10 dollars price is 100 pips. Which is why I wanted to check as I know there seems to be different school of thoughts on it

Ignored

Oh Yes!
For XAUUSD on MT5, the conversion depends on how your broker quotes gold, but for most brokers:

1 pip = 0.10
10 points = 1 pip

Therefore:
1000 points = 100 pips
Quick reference for Gold:
PointsPipsPrice Move
10 points1 pip$0.10
100 points10 pips$1.00
500 points50 pips$5.00
1000 points100 pips$10.00
2000 points200 pips$20.00
For example, if Gold moves from:

4050.00 → 4060.00

that's:

$10 move
1000 points
100 pips

Since you trade on MT5 mobile, this is likely the pricing convention you're seeing.

#62,940
Jul 13, 9:12am (1 hr 46 min ago) Jul 13, 9:12am (1 hr 46 min ago)

Muxb7
| Joined Dec 2025 | Status: Trader | 151 Posts | Online Now

Quoting Muxb7

Disliked

{quote} due respect to all trader here with good experience everyone is having. maybe I’m wrong and your are right. but this is what I’m thinking or even lower it will go. but nobody can predict the market 100% specially GOLD. {image}

Ignored

Closed shirts at 4030.56
have a good day everyone
thank you for your attention to this mater