GOLD, Gold and XAUUSD - page 133

[Ryan L Johnson]

Here's the scalping version of the upswing:

[Serqey Nikitin]

Ryan L Johnson #:

Here is a version of an uptrend for scalping:

Why are there so many rubbish signals?...

[Satan Claws]

Alexey Dudin #:

Great trade! I’m using a fully automated algorithm, so I entered the market a little earlier and am still holding the position. My final result may end up being lower than yours (individual trades don’t matter; it’s the system and long-term performance that count), but at the moment I’m at 21,800 points.

Wow, brilliant! I also wanted to enter after the correction to 4,200, but ended up buying Bitcoin instead.

[[Deleted]]

XAU/USD (Gold Spot) - 1H Technical Outlook

Instrument: Gold Spot / USD (OANDA)
Current Price: 4253.53 (-0.32%)

Gold has pulled back from a recent swing high at 4325.38, now retracing into the 0.618–0.786 Fibonacci zone (4270.20–4255.20). This area aligns with a prior structural point (marked "1" at 4236.00) and could act as a decision zone for continuation or deeper correction.

Key levels:

• Resistance: 4291.27 (0.382 fib) / 4,304.30 (0.236 fib) / 4,325.38 (swing high)
• Support: 4236.00 (fib 1) / 4180.92 (1.618 extension)
• Major structural support (Strong Low): ~4020.00

Structure: Price broke structure (BOS) multiple times on the way up from the 4020 low, confirming bullish momentum. As long as price holds above 4180, the broader uptrend remains intact. A break below 4236 would weaken the immediate bullish setup and open room toward 4180.

Sharing for discussion - not a trade signal. Curious to hear other perspectives on how this retracement plays out.

[Serqey Nikitin]

LuciaLopez12 #:

Key levels:

• Resistance: 4,291.27 (0.382 Fibonacci) / 4,304.30 (0.236 Fibonacci) / 4,325.38 (high of the swing)
• Support: 4,236.00 (Fibonacci level 1) / 4,180.92 (1.618 extension)
• Key structural support (strong low): ~4,020.00

That’s ridiculous!

You trust an ANCESTOR (Fibonacci) who NEVER lived in this information-driven world...

Do you think that’s right?...

[Satan Claws]

It looks as though there’s going to be a sharp fall; 4,300 is the upper limit for growth

[Serqey Nikitin]

Satan Claws #:
It looks as though there’s going to be a sharp fall; 4,300 is the upper limit for growth

Had another NIGHTMARE again?...

My colleagues really do have a penchant for the mystical...

Why not just stop and think, and remember that pullbacks have happened, are happening and will ALWAYS happen!

[Ryan L Johnson]

Serqey Nikitin #:
Why are there so many rubbish signals?...

I must confess that a substantial minority of loss trades are intentionally built into the strategy. While the strategy is not always-in-the-market, it certainly places trades quite rapidly.

I should note that it only risks about 1% of account balance on any single trade, and only places one trade at a time. It also implements position size reduction logic when its consecutive losses exceed the average consecutive loss count─which returns to 1% following one profitable trade. I ran a 20 year backtest that showed exponential account growth, largely due to the strategy's trading frequency. Live trading is pleasantly following suit.

As the screenshot in Post #1321 shows, the strategy is detrended. Therefore, small losses are sacrificed in order to catch every potential immediate swing and/or potential greater reversal.

[Odyssey Trader]

https://www.metatrader.com/en/ideas/charts/metals/d469hp

I analyze in the morning

[Satan Claws]

forced me out of a profitable position