@EuroTrader I think Gold wasn't choppy, Gold buying so hard, and then dropped heavenly and suddenly, then buyers tried to buy and breaks the all time high but failed, and the lowest point where buyers bought from becomes vulnerable. Then the seller sold gradually and the break the low of the buyers. Buyers pushed the price again, and then sellers push it but cannot break below the buyers low. Now buyers have taken out the recent highs of sellers, this gives more confident to the buyers, and allow sellers to do correction yesterday. Today, buyers are stepping in, to take out the recent high of the sellers, then they will take 4200, if taking that on out, buyers will try to push the price all way back to 4500 or even 5000.

@Faburama Bojang such a move to 4500 or 5000 will need a shift in market dynamics

Take profit 3000 usd

@Faburama BojangThe market will tell us if 4200 is really the next destination before we start talking about 4500 or 5000.

@Faburama BojangThe market will tell us if 4200 is really the next destination before we start talking about 4500 or 5000.

@EuroTrader Oh ok, so what will happen, when they hike it?

@john Remember the overall time frame is bullish, going back there again is not a surprise.

@EuroTrader I think Gold wasn't choppy, Gold buying so hard, and then dropped heavenly and suddenly, then buyers tried to buy and breaks the all time high but failed, and the lowest point where buyers bought from becomes vulnerable. Then the seller sold gradually and the break the low of the buyers. Buyers pushed the price again, and then sellers push it but cannot break below the buyers low. Now buyers have taken out the recent highs of sellers, this gives more confident to the buyers, and allow sellers to do correction yesterday. Today, buyers are stepping in, to take out the recent high of the sellers, then they will take 4200, if taking that on out, buyers will try to push the price all way back to 4500 or even 5000.

@Size that is the strongest point for the sellers right now

Xauusd selllllllllll now

@Faburama BojangBut if we are trading swing then we really have to hold for a very long time after which we pay so much in swaps

@Size They have to defend that with their might lol