Goldpsychologicallevel

WHY I DON’T TRUST THIS GOLD CRASH YET Just like last Friday’s CPI, we saw another strong sell-off in Gold during FOMC. But even after that move, I’m still thinking about the same question I’ve been discussing for the last few days. **If sellers are really that strong, why is the market still struggling to accept lower prices?** The $4280–$4320 area had been acting as strong support for several weeks. On Monday, we finally saw a breakdown below it. Normally, when an important support breaks after being tested multiple times, especi

by The_Operator1

IF YOU’RE PLANNING TO SELL GOLD TODAY, YOU NEED TO READ THIS.Looking at the overall bearish price action, and especially remembering how Gold behaved last Tuesday, I believe a lot of traders will be interested in selling today — and that could turn out to be their biggest mistake. Yes, structurally the market still looks bearish. I’m not denying that. But if you understand market psychology, the more important question is: where is the liquidity sitting right now? In my view, there is currently more liquidity on the selling side than on the buying side.

by The_Operator1

NFP COULD WIPE OUT LATE GOLD BUYERS — HERE’S MY FRIDAY PLAN!Thursday played out almost exactly according to our plan. Gold delivered the strong upside momentum we were expecting, but now the situation has become much more interesting. Price has slipped back below the psychological $4,500 level near the close, sellers are becoming confident again, and buyers are aggressively returning after missing a major part of the recovery. This is exactly the kind of situation where Friday’s NFP can punish traders on both sides before revealing the real direction. I

by The_Operator1

$4,318 IS HERE — WILL GOLD CRASH AGAIN OR TRAP THE SELLERS?After seeing the selling on Tuesday, the confidence of many buyers in the market has clearly gone down. A lot of people who were sitting with a buying bias are now changing their bias toward selling. At the same time, there are still some buyers who are holding onto their last hope of a recovery. So because of this, tomorrow is going to be quite interesting. Gold has now reached an important key area, which is around $4,318. As you know, this was the same area from where we saw strong upside m

by The_Operator1

GOLD TRAP DAY AHEAD - BOTH BUYERS & SELLERS WILL LOSE So, Wednesday is likely to play out in a way where both buyers feel they are right and sellers also feel they are right — but by the end of the day or heading into the weekend, only the correct direction will actually win. Let’s break down what could happen in gold and what my trade plan is for Wednesday. Overall, in gold, I’m expecting a selling move below **$4765**, slowly extending toward **$4746–40**, and potentially reaching near this week’s Monday Asian low. From that zone, I’m expecting

by The_Operator1