Gold

SL?

3970 area is my initial target.

2 sells running 4020 and 4050-this is a weekly retrace.

No more adding sells above 4075...TP and SL TBD later today but can drag into tomorrow's daily candle.

Leaving trade open till EOD?

Sell Gold 4105-10 TP 4045-50 below here and we're back to the same story of range trading toward 4010-15
Buy 4045-50 if price is coming from 4105-10 while a better buy is 4010-15 towards 4045-50...

Weirdly, yesterday Gold moved in negative correlation vs EUR, GBP...and positive with DXY.
Until now it looks to be a correction from weeks of continuous falling..we'll see step by step on daily how far it can go before the weekly candle closes...

*Who're holding sells from yesterday can get out at 4045-50 as it's more in hands than 4010-15 for today...you can later sell higher....

Aside of Gold, it's hilarious how BOJ turned to be the biggest joke of all time. Though it'll intervene at some point but like UJ is already at historic highs, like whatever "big" intervention they'll do, it's throwing billions of $ from above 163 instead of like months earlier at worst the worst announcing a roof of 160 or better hike rates...that could've cost them way less than the nonsense fake spikes down every day or so for 20 pips to see it evaporate after minutes in thin air!
Sometimes, you wonder how CBs are so incompetent, even children in primary school can think better!

I honestly don't understand what happened to the market yesterday. It was a complete bullshit move, and even now the price action is beyond my understanding. The market hasn't formed any proper buy structure, yet it's still pushing higher for no clear reason.
For the rest of this week, I'll just observe the charts. I'll make my plan for next week after seeing the weekly candle close. Then I'll look for a daily shift and trade accordingly to achieve my targets.

youre so right, since last week also something wrong is somewhere in the system....

Sell Gold 4130-35 TP1 4090 TP2 4060
Buy vice versa.....

Folks...Closed all my sell orders since Tuesday until today at 4075...as ECB is soon...Gold might retrace up again..so can sell higher again...
Very tough 2 days with this crazy market but by managing trades at different price levels..came out with some profit after all..

BTW...if instead...a spike down happen it's better to lower your buy to 4010-15 instead of 4060 though some support at 4030-35 too...

Sell 4065-70 TP1 4040-45 TP2 4005-10
Buy vice versa...

yes, to me too.

Key levels
Resistance

1. 5856
2. 5901–5946: trendline and lower-high zone
3. 5991
4. 6036

Support

1. 5766
2. 5721
3. 5676

Preferred short setup
Do not chase the sell directly around 5805, because price is approaching support and TP1 has already been reached.
Pullback entry: 5845–5860
Deeper entry: 5890–5910 after bearish rejection
Stop loss: above 5950–5960
TP1: 5766
TP2: 5721
TP3: 5676
Breakdown setup
A cleaner continuation entry requires an H4 close below 5766, followed by a failed retest from underneath.
Entry: 5766–5780 retest
Stop loss: above 5820–5856
TP1: 5721
TP2: 5676
Invalidation
The bearish setup weakens if H4 closes above 5901 and breaks the descending trendline. A sustained reclaim above 5946 would invalidate the immediate continuation short and could open a recovery toward 5991–6036.
Fundamental context
Gold’s short-term backdrop also remains vulnerable to elevated bond yields and persistent inflation concerns. The Federal Reserve’s July report said inflation remained above its 2% objective and that the policy rate had been maintained at 3.5%–3.75%; higher yields generally increase the opportunity cost of holding non-yielding gold. Recent market analysis has also described gold’s broader technical rally as faltering, although geopolitical risk and central-bank demand may continue supporting its longer-term outlook.
ForexFactory-style paragraph
XAUUSD H4 remains bearish beneath a clear descending trendline, with the latest recovery rejected around the 5901–5946 resistance zone. Price formed another lower high and followed it with strong bearish displacement, confirming a descending-trendline rejection and continuation pattern. The sell signal near 5843.67 has already reached TP1, so I would avoid chasing fresh shorts around 5805. I prefer selling a pullback into 5845–5860 or a deeper rejection from 5890–5910, targeting 5766, 5721, and 5676. An H4 close above 5946 would invalidate the immediate bearish continuation setup.

Just a thot..... be bloody careful, could go titsup anytime

Good day all...hilarious waking up this morning on Bessent telling BOJ to hike rates while all what Katayama understood was intervention that's actually some 20-50 pips spikes that are actually just warnings, cost BOJ nothing or maybe even make them some profit with wiping some SLs then in seconds price goes up again..if a trader had no TP at that exact spike leg or monitoring it to close manually in rapid speed...no money can be made by retailers....simply bcoz BOJ is the seller then buyer...in seconds..just playing as any market maker

Although market is bullish right now - the overall bias still bearish and I would until market started to show sign and possible target is 500+ pips

Gold Update ...... first part has gone to plan and gotta good entry.... be careful from here guy's n gal's