I just closed it all after making 3k in 20 minutes lol After a 7.5% daily drop on XAUUSD, I expect next week to open with a +..:%, let's see

Gold with No Drama

30min bar just closed below 5000 :O :O :O :O :O

Gold with No Drama

Clearly headed South ;-) image

Gold with No Drama

No, below it... just look at it, the bounces are more frequent since a couple of hours, with lower and lower ups...

Gold with No Drama

They are not exhausted: it is clearly bouncing over 5'000, and soon it will break down for real... wait for it. As soon as it goes again under 5025 it will shoot down to 4900

Gold with No Drama

CNN and other outlets are talking of imminent US action on Iran. I guess that will ensure another ATH over the coming days. Stay tuned.

Gold with No Drama

Not yet, it will go much higher before serious (10-15%) retracement. It went to 4625 in rapid succession (2 days in a row) and is trying to daily-close above 4600. I think by end of next week we will be approaching 4700.

Gold with No Drama

I see we are talking about levels and positions. But what are the reasons XAUUSD is moving so much today?

Gold

I answer to my own post. The renewed activity behind the big bill might be a reason for a false breakout and a reason to push price up again… let’s see

Gold

I expect it to close the weekly bar near 3300, which will be clearly below SMA10. From then on back to the recent mean (maybe 3000?) over the coming months, before going to 4k and beyond

Gold

Given the tense situation, which will likely escalate over the weekend, I expect the price to tick up from here by today closing.

Gold

Well, why wouldn't it clear that resistance point? It does not appear particularly strong, and yet they are closer to adding $ trillions of new debt, and also US30Y reached 5-years high today, which itself will produce new debt.

Gold

Will it finally break downwards this week?

EUR/CHF