Officially i bought at 4193 with SL of 4140 and TP open image

Gold with No Drama

sorry my bad

Gold with No Drama

Almost 2000 pips down

Gold with No Drama

Its not good time to sell and especially copying others without knowing where it will go now.

Gold with No Drama

yep you are right... I WILL BLAME YOU FOR MY LOSS

Gold with No Drama

Hahahaha maybe. Could be a long sideways phase so better stay patient and trade smart.

Gold with No Drama

True nothing certain here. Lets just stay ready and follow the price with proper risk and patience. 4205 hit like last friday and then break 4200 , its almost the replay of last friday. Drop from 4380 and still going down breaking every support

Gold with No Drama

in month

Gold with No Drama

4hr chart possible scenario image

Gold with No Drama

50sma showing 4176 at 4hr chart and 200sma showing 4167 at 1hr chart.

Gold with No Drama

IMO if this move continues and 4182-86 area broken properly then 4162 . anyway depends on this 4hr candle will confirm more

Gold with No Drama

Yes agree its not clear yet if its a stop hunt or start of a big bearish move. Better to just watch for now. image

Gold with No Drama

Its also true that during such moves many traders miss the right entry because of fear. So its better to either stay patient or take the entry and be ready to handle it. either you loss or win.

Gold with No Drama

right now buyers have their stop losses around 4200 or even 4194. The price might drop to hit those stops before moving up again. Its better to avoid buying for now and wait for a better entry. Always use a stop loss with proper risk management.

Gold with No Drama

We called this liquidity or SL hunting bcz there were lot of buyers near 4250 area and even gold retested 4270 multiple times and rejected.

Gold with No Drama

IMO most of the times this kind of sudden up or down for quick reverse, now will see that it will go up quickly or not, depends on this 1hr candle for more confirmation

Gold with No Drama

LOL, well done bro, its done for you and its start for me now.

Gold with No Drama

4203-05 or last friday low 4185

Gold with No Drama

For the time being last hope for buyers is 4244 and 4284 resistance for sellers

Gold with No Drama

Gold retested all levels according to the FIB and now waiting for the initial recovery and if 4284 breaks then again bullish. image

Gold with No Drama