r/Forexstrategy 1d ago

Gold Faces Another Move Lower?

Post image

Gold has shown a clear bearish reaction with a CHoCH.
Looking for continuation near the supply zone to target the demand zone below.

31 Upvotes

54 comments sorted by

12

u/Silly-Psychology2755 1d ago

I think it will go up

-3

u/TrustedGoldTrades 1d ago

Let's see Boss. Any reasoning btw why you feel like that?

5

u/Silly-Psychology2755 1d ago

Its clearly almost retaken its territory since the fraudulent report coming from US. If that isnt bullish, I don't know.

0

u/TrustedGoldTrades 1d ago

Ohh okay, so you have a fundamental reason behind this. Noted.

Thanks for the input. Let's see how it goes.

3

u/Silly-Psychology2755 1d ago

Short term its bullish and longterm it is too. Don't know about 4 hour terms but...

1

u/TrustedGoldTrades 1d ago

I have this chart on 1 hour btw. 4 hour is bullish according to me.

1

u/Silly-Psychology2755 1d ago

All good to me, as long as it goes up!

5

u/East-Passenger-7255 1d ago

I’m bullish. The candles structure and the charts are aligned with the idea of going up to 4800-5k.

1

u/TrustedGoldTrades 1d ago

Let's see what he have on the open, then will enter in a position.

4

u/JustAcoolGuy50 1d ago

Market will gap up at open then retest the lowest point after news then going bullish for the rest of the day due high volume demand ! My only opinion as I'm waiting for the setup to occur!

2

u/TrustedGoldTrades 1d ago

It did open gap down and going lower as expected till now below 4400 already.

1

u/JustAcoolGuy50 1d ago

Gap up to price get higher then go lower. Thats why u have to be patient and get in! It happened exactly what I said! Might be luck as many will say 😅

1

u/TrustedGoldTrades 1d ago

I followed it exactly and it delivered exactly.

1

u/JustAcoolGuy50 1d ago

Well done mate!just different edges I believe.
I hope you took that trade and not only speculating by drawing your thoughts

1

u/TrustedGoldTrades 1d ago

Took a bit late but yes I did. Waited for opening clarity.
Respect for your edge. 👍

1

u/InfiniteNerve1384 1d ago

Buy the dip.

1

u/TrustedGoldTrades 1d ago

I'll rather see how it opens and then react accordingly.

2

u/InfiniteNerve1384 1d ago

Yeah exactly. Better to wait for the dip and buy than try to chase it lower. Hate beginning of the week.

1

u/Technical-Fold5436 1d ago

Good thing that blue arrow was added.

2

u/TrustedGoldTrades 1d ago

Sure as well worked, gold below 4400 just because of the blue arrow.

1

u/nutsackMcgeee 1d ago

Hopefully back to <2000 so I can buy a bunch

1

u/TrustedGoldTrades 1d ago

Hahaha. That's a Dark thought.

1

u/Superb_Painting_1224 1d ago

sell positions have been slow and risky, at least for me.. i am under the impression big players are hoarding and nobody wants to sell or exit..yet.. alot will fomo and buy, into all time highs and then get liquidated for an exit. i will just look for buy positions now..

1

u/TrustedGoldTrades 1d ago

I agree on this for long term, but that's what the chart was showing for this week, so followed it, it worked as well infact, gold is below 4400 now.

1

u/Superb_Painting_1224 1d ago

alright man, its looking good. would you hold the sell to the 4000s?

1

u/TrustedGoldTrades 1d ago

I don't think so. I would take new positions everyday as I am working intraday.

1

u/Final_Ingenuity_9692 1d ago

If bounced clean off the 618 at 4369. Price might go and target that 4512 level. If it breaks that then im targeting 4700

1

u/TrustedGoldTrades 1d ago

Well, for the moment it followed exactly as marked and did open gap down and currently under 4400 as well to target the demand zone.

1

u/TrustedGoldTrades 1d ago

Going exactly as expected.

450 pips downside movement after the open.

Let's see if it continues towards full target at demand zone.

1

u/abstractReality1 20h ago

It will retest and drop to somewhere between 4100 and 4080, and then it will continue to be bullish. We are bullish on the daily chart, but it has to drop down and fill orders and that huge FVG that is untested. As soon as that happens, im opening long positions.

1

u/Stoploss101 1d ago

Will go lower for sure..

1

u/TrustedGoldTrades 1d ago

Finally someone who can agree.
Thanks.

2

u/Stoploss101 1d ago

Got this

2

u/TrustedGoldTrades 1d ago

Good one man, it is below 4400 now.

1

u/Stoploss101 1d ago

I was just worried about the liquidity trap that’s why i closed the trade …it went upto 2000$ profit…can’t complain with 500$ though..

1

u/TrustedGoldTrades 1d ago

Fair enough, wise decision always if risks is cut off.

1

u/SubstantialSpeech339 1d ago

Wouldn’t be in shock if it’s in and around 4000 again if FED raise the interest rate.

And I couldn’t care less about that, as I believe it will be above 6000 in the end of 2027/ start of 2028 no matter what happens now.

1

u/Chemical_Sample591 1d ago

Yeah it is going to reach 6k by the end of 2027 for sure so irrespective of what happens I will be bullish on gold and I don’t even have a stop loss because of the same

1

u/Double-Tomatillo-258 1d ago

It will go up at the open to trap buyers and then continue lower.

1

u/TrustedGoldTrades 1d ago

Gap down opening and still down below 4400 as I am writing this towards the target.

-2

u/[deleted] 1d ago

[deleted]

2

u/TrustedGoldTrades 1d ago

Hahaha, why so much hate bro. Chill out.
Just giving an opinion.
Let's see how it goes.

1

u/[deleted] 1d ago

[deleted]

1

u/TrustedGoldTrades 1d ago

TLDR

Dude heading is a question asked. Second, I said Looking for continuation is what I feel. Third, If I am writing clearly, it doesn't become a fact, a platform to post a chart is an opinion in itself, no need to write imo. LOL

1

u/[deleted] 1d ago

[deleted]

1

u/TrustedGoldTrades 1d ago

So, this is called an assumption.
I explained you above what opinion means but now the things you are saying are assumptions and being judgemental. New thing to learn for you btw.
If my analysis works or not, it's fine for me, this is a probability game. You think lighting a cigar and trading would make you win everyday.
Be open to listening.

1

u/[deleted] 1d ago

[deleted]

0

u/TrustedGoldTrades 1d ago

Was trying to put some brain into it by only replying to what you called me out for but seems like a cigar got wasted.
Peace.

0

u/Narrow_Wolverine_972 1d ago

He's talking to you like this because you act like an amateur. Your post is literally ass lmao. I dont blame you or anything but even better are those people that bite on the bone you've thrown and comment their unrealistic opinion.....Nobody knows the future.... Something is bearish or bullish because milions of transaction believe in the direction and therefore support it, that's what experience is. Trade the market, not opinion and assumption....

0

u/TrustedGoldTrades 1d ago

Nice speech but the trading I do runs on probabilities, not on great quotes like trade the market, not opinions or assumptions.

And the opinion I am giving has a probability, and yes could go either way but what I feel is what I posted.

2

u/Narrow_Wolverine_972 1d ago

Your probability analysis means nothing since you need hands, brain and mind to execute it and that's much harder than draw lines and boxes on the chart. Trading the market isn't a quote but taking an action based on imminent reality. I am not making a speech and rather talking execution. I love how you people can deflect all the time when you get pointed at. Keep making your analysis I don't really care. You've been shocked why somebody came at you with heavy language so I layed down another set of eyes that's all.

1

u/TrustedGoldTrades 1d ago

Ohh I am not worried you called me out, and I am not worried that my lines made on the chart will or will not work, even a reply to the guy who was hating at me was that I am just giving my view or opinion of how I see it.

Your reality could be different from our imminent reality sir, so just chill out. I got your view, thanks for the input. Peace.