Gold closed the week red. The candle says something else.
(Free checklist to help you trade this at the bottom ↓)
Open: $4,191.
Low: $4,073.
Close: $4,165.
You'd think:
Red week = sellers in control.
Yet gold finished $92 above its low.
Read that again.
The body is $26.
The tail under it is $92.
Here's the chain traders are missing:
CPI hits
> sellers push gold to $4,073
> buyers step in hard
> gold climbs back all week
> the week closes near the middle.
A long tail under a candle means price got rejected down there. Somebody wanted gold at $4,073 and they weren't small.
But the buyers didn't win the week either.
Friday finished with:
Oil up 4% to $101.84.
The 10 year at 5.08%.
The dollar at 101.78.
High oil and high yields are the two things that keep a lid on gold. That's why the bounce stalled at $4,199 on Friday.
My plan for Monday:
1. $4,199 is Friday's high. Above it and the buyers are back in charge.
2. $4,147 is Friday's low. Lose it and $4,073 comes back into play.
3. $4,217 is the week's high. That's the line for a new push.
4. Oil back under $100 with yields easing? That's when the tail matters.
5. Levels first. Entry second. Never the other way round.
The candle tells you who showed up. The levels tell you when.
FREE XAUUSD ENTRY CHECKLIST
COMMENT "PDF" AND I'LL DM IT TO YOU.
(Follow me first so it lands.)
🇳🇬🫡WHAT HAVE I DONE FOR NIGERIA?
I have missed my daughter's first steps. I have missed several Eid. I have missed birthdays.
I nearly went blind and deaf. I nearly missed my own father's Janaza prayers when he passed away. That is what I have given.
I have slept in the bush with mosquitoes as my pillow. I have been shot at. I have seen friends die beside me. I have carried wounded colleagues on my back.
I have been shot at. I have been ambushed. I have seen friends d!£ beside me. I have carried wounded colleagues on my back and prayed they would live. I have written letters to widows. I have attended funerals of men I called brothers.
I have stood at checkpoints in the scorching sun. I have walked through forests in the rain. I have left my family so that yours can sleep in peace. #Sentinel
#ThankASoldierAlways
Unfortunately, the market doesn’t know you’re under pressure to pay a debt, clear rent or bills, or dealing with a hospitalized family member. It doesn’t know you desperately need the next trade to and it doesn’t care.
The market will treat you like every other trader as it doesn’t reward desperation, urgency, or emotion.
So Approach with patience, discipline, and a proven edge. Wait for your setup, respect your risk, and accept when there’s no trade...
The market owes you nothing. You don’t get paid for needing money you get paid for executing right.
@Techriztm The thing is asking for help is giving someone the chance to expose your situation, belittle you, or use your vulnerability against you. That’s why some people would rather figure things out alone..
A life Lesson for me..
I entered the Nigerian Military School at the age of 11. I started receiving military training from JSS1, crossing obstacle courses, doing service jobs, participating in military drills, and learning discipline from a very young age.
By JSS3, around the age of 13–15, I had already started going for bush camping. I endured rigorous flogging and punishments, learned to adapt to difficult situations, and developed the ability to take care of myself under challenging conditions.
By SS1, I started going to the shooting range, where I was trained to handle weapons such as the AK-47, FN rifle and GPMG. We also had proper bush camping, shooting blanks, learning fieldcraft, and being exposed to experiences that shaped us at a very young age.
Then there was the whole culture of serving our seniors. In JSS2 and JSS3, I used to shine my seniors' boots, iron my master's uniform, arrange my room and carry out various duties. It taught me responsibility, discipline, humility and how to manage myself even when things weren't convenient.
By Class 6, I became a White Man, I had more freedom, especially within the hostel, but officers and soldiers were still there to keep you disciplined and make sure you stayed on your toes.
Throughout all these years, I made friends who became more like brothers. We covered for each other, motivated each other, endured difficult situations together and still found ways to laugh, even when the situation didn't permit it. Those experiences created bonds and memories that don't simply disappear because you graduated.
After everything I experienced, you expect me not to carry it for head?
I carry am for head dieeeee.
And mind you, this is only a fraction of what I experienced at the Nigerian Military School.
Even Generals who graduated 30 or 40 years ago still carry the NMS identity with pride. Look at the calibre of people the school has produced, from senior military officers to accomplished individuals in the civil and political sectors, both in Nigeria and abroad.
So yes, I carry it with pride.
Long live the Nigerian Military School.
I am damn proud to be an EX-Boy.