GC reached 3200 today. This might be the top. Of course, consider it as just another useless newbie speculation.
Hopefully I can start squeezing some more points out of each day. For the size of the moves available lately, my trades are very short relatively. I'm getting a lot of good experience/practice with my setup executions so hopefully the profits will take care of themselves as I improve. I usually trade Gold on a 200 tick chart when things align on higher time frames
Good call previously on 3200!! You nailed it. I'm a bit unsure what the chart is saying atm. That definitely looks like it could be a top (especially after a large volatility spike) However, I also like being a buyer around 3100 until that level of support breaks
3 Apr 2025 Today Gold futures continues to swing up and down and up and down .... Unfortunately, the movement is chaotic/jerky/messy/non-decisive. Hopefully the Europeans will make it move decisively/smoothly/nicely/bustily Even the trading Deity wouldn't be able to earn $$$ from such a market.
Now it is forming a close wedge formation with heart beat approaching zero. Let's see if the Europeans can apply defibrillator to the gold.
Hey everyone I'll be away for a few weeks so I wont be posting much until towards the end of the month. Hope you all do well with this wild volatility !!
Still too soon to draw any hard conclusions. It wouldn’t surprise me if this breakout ends up being just another elaborate head fake. Either way, let me regurgitate my earlier ramblings.
Still, last nights volume in gold is extreme. At 8:00 am we’ve already hit 80% of the previous days volume while the S&P/bonds have been trading normal overnight numbers. People were actively trading it last night in force. Price didn’t really make any substantial moves, just big volume. Was the Asian market causing this?