Gold with No Drama

Most in here like to trade CFDs, one more reason coming to start trading futures.
24/7 trading coming this week.

1-Ounce Gold Overview - CME Group

looking good as of now!

I believe brokers will soon allow traders to access traditional spot gold CFDs over the weekends. Otherwise, the frequent gap-up or gap-down market openings following weekend closures will continue to cause significant market disruption.

The pullback is starting..

let’s see it might just be a move to 4100. Need a decent one 20-30 pips

Good Morning Team and Happy Day!

Overnight algo trades, failed long on Asia M30, now waiting for TP3 on short Asia M30.
I don't think it'll get there though, 4083 TP. We'll see.
I am trying hard to not close anything early, worst of my remaining bad habits.

System is set up for the next M30 which may come in NY, perhaps we'll get a bounce back up, will see how that goes.
Not making any predictions there will wait for validated M30 move, if it happens I'm in.
Otherwise will be scalping the M5/M6 at the NY open and backtesting for next week.

Last week's backtests all played out positively this week, which is amazing, history often does repeat itself (83.55% of the time).

Biggest change this week was liquidity shift to Asia, which happens often, as others have pointed out it is the 'cheap' place for Market Makers to move the price and reset liquidity. I sleep during that time so it's up to the algo to catch it, and it did, Mon, Tues, and is in the process of catching it currently.

Watching that play out means limited moves for the other sessions, wish I could trade 24/7 and not miss the obvious huge moves which I could just sit and add-in to for the entire session, but c'est la vie, we get what we get.

Wishing you all the best of statistical edge today! Don't overtrade!

Shorting, looking for Tuesday's POC

Good Analysis, i was also same Thanks for confirmation... Now i am planning to buy... Waiting for M5 Confirmation....
Edit... Buy is only for scalping... Trend looks down Till NY...

Checking pa , watching for signal 4203 breaks and hold for 4375 test possible fefore next tanking may follow through ! Care

my approch or stay incapital

If 4090 hold then we can retest 4120-30 before further drop but imo it will be in range till NY

Bought the pullback. Targeting 4114

China AI news might take me out here...

Anybody holding their shorting positions?

head and shoulder pattern obvious accordingly patten all we know sell continue . this time fifty fifty

Yeah, realistically this is not a place that price would typically stop. Traders are just facing a lot of fundamentals which is causing indecisiveness. Those being: tech news, ecb news and middle east wars. I entered short following the failure to reverse off of the higher low but enough news could push us out of a downtrend.

I entered at 4096 and my SL is 4103

drop after 420X imo.
4070 area is PWL and it should support

holding with trailing stop at 4100 now
Just letting it run if tapped is what it is no going back in till unemployment claims! Trump last night stated and stated with passion that the numbers are falling and have been falling! To me that is bearish for gold for brief start of New York anyways in my opinion! In the meantime I’m going to gather as much data as possible to see what to expect on 1:30 news open.

safe trades

if the down move continues, 4072 is potential target for bears

Yep main support is 4070-77 if hold then can retest today high otherwise more low.
London is mostly in range so better to wait for NY