Samuel Sun

Nothing ventured, nothing gained

[Itsadiee_Fx @Itsadiee1]

XAUUSD .

YESTERDAY WAS A LIE ⚠️📉 – GOLD IS ABOUT TO WIPE OUT RETAIL TRADERS

So today feels like a very interesting day to me.

Somewhere, the market has already started taking out all the random buyers who entered yesterday after seeing that strong buying move. We can clearly see that now. Also, intraday, any new buyers that come in over the next few hours will likely get badly trapped by the end of the day—this is my view. Let’s talk about the logic behind this analysis and how we can trade gold today.

If you read my analysis from yesterday in detail, I had mentioned one thing: I expected buyers to push gold towards $4500, with a maximum view of around $4520. I know gold made a slightly higher high, but that buying move was basically just to give buyers strong hope that buying has started and gold is ready for a reversal.

Because of this, many random buyers entered the market yesterday. As you all saw, during the NYC session, gold gave a strong push and even showed a breakout above $4500 with a strong candle. After that, it broke Wednesday’s high and continued the upside movement. But honestly, it was just a trap. That’s why I didn’t show much interest in that buying move, because I clearly said the market won’t go up so easily.

I was already expecting a buying move yesterday, but only as a final hope move—and that’s exactly what happened. Gold intentionally gave a strong upside move, making everyone believe that it’s ready for a reversal. But the way gold is reacting after today’s market open shows that it is slowly hunting the stop losses of both random and new buyers who are trying to buy thinking it’s just a retracement. The market is gradually moving downward while taking liquidity.

Keeping all this in mind, what should be our trading plan for today?

Right now, buyers are still fighting strongly because the market is showing small buying moves, but at the same time it’s repeatedly hitting their stop losses. Why? Because after yesterday’s strong upside move, price action traders are trying to buy, assuming it’s a retracement.

Currently, gold has made a low around $4511 and is showing some reversal from there. As long as gold stays above the $4502–$4510 zone, buyers will try to stay aggressive because they believe this is a good buying opportunity. The market may even give some upward movement from here to fulfill their expectations, attracting more buyers into this zone—only to trap them later. That’s exactly my plan for today.

I will wait for a decent buying move above the $4502–$4510 zone. After that, in the red zone I marked on my chart ($4528–$4532), I expect a reversal in gold. From there, my target will be around $4500 and below, like $4496, $4481, and $4466, because liquidity is clearly visible there.

Also, by the end of the week, I expect gold to break the $4453 low. This is also a mini psychological level, as traders are usually active around round numbers like 100s and 50s. Gold already gave a reversal from the $4453 area, which means buyers are active there. Keeping all this in mind, I am currently bearish on gold. Until all buyers give up, I don’t expect any strong buying move.

I will only change my bias if gold gives a strong close above $4554. After that, I will only look for buying opportunities—this is my clear plan.

I hope you liked this psychological market analysis and found it logical. I wish you all a profitable day.

By the way, what’s your market analysis? Are you bullish or bearish? Let me know in the comments. ⬇️

[Allie—analyst @XAUUSD__AILIE]

#XAUUSD #gold

Gold has currently fallen to around 4660. Our sell orders above 4675 have yielded at least a profit of over $15.

VIP channel signals are being updated. If you would like to follow my trading, please contact me.

[Allie—analyst @XAUUSD__AILIE]

#XAUUSD #GOLD

If you had followed my advice to trade, our profit from selling would now be over 180.

Continue to watch for buying opportunities in the 5150-5130 range. As long as the price holds this area, the trend remains bullish.

I will continue to send new signals to VIP members.https://t.co/TGPSogXRfO

[Allie—analyst @XAUUSD__AILIE]

#XAUUSD #GOLD

If buying pressure remains strong and the dollar continues to weaken, gold may pull back to the $5120-$5100 area in the short term before resuming its upward trend.

As long as it can hold above $5120-$5100 the upward trend remains intact and it may soon continue its march towards $5200 and above.

[Allie—analyst @XAUUSD__AILIE]

#XAUUSD #gold

Gold continues to watch the support level around 4980-5000. As long as it doesn't break below 4970, gold will likely continue to fluctuate within the 5970-5080 range.

You can buy in the 4970-4980 range and sell in the 5080-5100 range.

This is my latest thought. If you like it, please like and follow.

[Samuel Sun @samuelchsun]

@MonkeyKingdom_ @JoeBiden @BillGates @elonmusk