I was 15 yrs old when I saw the Logan Paul Suicide Forest (2018) Video on Youtube. It was scaring.
The video was largely wiped from the internet, but not lost… Given his new position, he deserves public accountability. In the interest of transparency, here is my archive of it:
@MinSyair@spOxxOi@joonyeongz gucci confirmed he was never ghosted. the guys repeatedly tried to work it out internally. they also found out kls/kls2 was going on netflix the same day/way the rest of us did.
XAUUSD .
🚨DON’T TRADE GOLD ON THURSDAY UNTIL YOU UNDERSTAND THIS TRAP. 🎯
Thursday and Friday could completely change the story for Gold this week. With PPI and CPI ahead, volatility is already expected, but what interests me more is the structure Gold has quietly built before these events. Right now, the chart is giving sellers almost every reason to believe that another major drop is coming, and that is exactly what makes me suspicious. There is one thing happening inside this bearish structure that I believe most traders are overlooking, and if I am reading the psychology correctly, the traders who currently feel the most confident could soon become the liquidity for Gold’s next major move.
If you look at the price behavior since last Thursday, 3 September, the structure still looks bearish. Friday’s NFP gave us a strong sell off and after that Gold continued forming lower highs. The first major lower high was around $4448, the second one came around $4443, and today we formed another one around $4432. So from a normal technical perspective, sellers have enough reasons to believe that Gold should continue lower.
But this is exactly where the psychology becomes interesting for me. On Wednesday, Gold swept our important $4365 area and then gave us a very strong bullish recovery. That recovery tells us something important. If buyers were genuinely weak, I don’t think we would have seen such an aggressive recovery after taking liquidity from that area. Somewhere buyers have shown that they are still interested and capable of pushing the market higher.
Now look at the situation from the sellers’ side. They are getting more and more confident because almost everything they are seeing supports their bearish view. Last week’s high around $4510 is still protected, Gold is trading below the major psychological level of $4500, multiple lower highs have formed, and those lower highs are now creating a very obvious trendline. So naturally, more traders are becoming comfortable with selling and expecting another major move lower.
And this is exactly what makes the current situation interesting.
According to my psychology, I am bullish for Thursday and I believe this bearish structure can break. If that happens, we could see a strong upside continuation, potentially starting from the Asian session itself. But I am not interested in buying blindly just because I expect a breakout. I need the market to confirm my idea first.
The main level I am watching is $4417. I want to see Gold hold above this area and then give us a strong bullish displacement candle or a clean bullish engulfing candle on the 30 minute timeframe. If buyers can do that and price breaks the descending structure with strength, then I will start looking for continuation toward $4437, followed by $4453, and eventually the $4464 to $4475 area.
There is another reason why I like this setup psychologically. Gold has been trading below the $4450 area since around last Friday’s close. $4450 is also an important mini psychological number, so sellers have had enough time to become comfortable with the idea that the market is going lower. The longer price stays below an important level while continuously forming lower highs, the stronger that bearish confidence becomes. But once an obvious structure like this breaks with genuine displacement, those same sellers can become the liquidity that helps price accelerate higher.
That is the move I want to catch.
If Gold gives us a clean breakout with strong confirmation, I will be comfortable looking for a buy. If the market breaks out and then gives us a proper retest where buyers defend the level again, that can give us an even cleaner opportunity. The important thing is that I don’t want to predict the breakout blindly. I want buyers to prove themselves first.
Also remember that just because we have three lower highs does not mean a breakout is guaranteed. What matters is how price behaves when it attacks that structure. I want to see strong bullish displacement, acceptance above the breakout area and most importantly, sellers failing to push price back below it. If those things happen together, then for me the probability of continuation becomes much stronger.
So the entire plan for Thursday revolves around $4417. As long as Gold is holding and accepting above this level, my plan will remain bullish and I will continue looking for buying opportunities. If price comes below $4417 and starts accepting below it, especially after attempting a breakout, then I will understand that buyers are failing to sustain the higher prices and that is when I will reconsider my bullish view instead of forcing the trade.
Overall, Thursday and Friday can be very important days for Gold. Technically the market is giving sellers plenty of confidence, but psychologically I believe that confidence itself can become the reason for the next trap. If buyers confirm above $4417 and this trendline finally breaks with strength, I believe we can see a very good upside move over the next one or two trading days.
So stay active during the Asian session and don’t rush the entry. Wait for the market to confirm what we are expecting and then take advantage of the move with proper risk management and money management.
Good luck everyone. I hope you all have a profitable trading day. ❤️
And let me know in the comments, what’s your view on Gold for Thursday? 👀