GOLD/USD

SL & TP have been set

I am closing this gold trade here and taking profit because the New York session is approaching.

Just took a short on gold because price rejected at the pre-franky low (lower ash colored line)

@yokoyi what time range does your Asian session cover?

Midnight till 6 am UTC

I had to close this trade at break even. I had adjusted my SL to breakeven and it got hit.

For gold, Monday started of bullish, setting the low for the week.

If we had kept our buy trade open on Monday, it would have still been in profit by Friday.

Short signal on gold, price may be about to fall back into the Asian range

I am short on gold because price is reversing into the Asian session which created our sell trigger (encircled in blue)

Happy new @yoks, I am following your trade

@kemi youre here before me @yoks gd mrng. I am watching too! Today I don't have appetite for trading, gold taught me a lesson last week 😂

Got stopped out of this trade

Gold trade analysis - 31st march 2026

Asian session was marked out (midnight to 5:55 am UTC+1) then pre-frankfurt high/low were marked out with grey lines. Price broke out below the pre-franky low and began reversing back into it, creating a buy trigger.

Just took a short on gold because price broke out of the upper Asian range and started reversing back into it, leaving behind a bearish engulfing pattern which served as my sell trigger (blue circle)

I had to close this trade for a small profit, because the price action was beginning to look bullish

You closed the trade at the right time brother, see how the price is going up, like how did you know the price was going to go up like this?

@obinna its about correlation, gold correlates around 70% with certain pairs like EUR/USD, so you look at the direction correlated pairs are going and it may give you a clue of where gold is headed. It doesn't work all the time but 70% it does.

This is the EUR/USD chart for today and if you compare it to the gold chart you will see some correlation in the way their prices moved

Better to exit at BE instead of slipping into a loss, especially when trading gold