Mihai_Iacob

Yesterday’s Move After printing a fresh ATH, profit-taking started late in the New York session. This was followed by stronger selling pressure during the Asian hours, which dragged the price overnight down to 3510. Currently, we see a rebound, with price trading around 3530. Key Question Is this rebound the start of a recovery—or just a pause before another leg down? Why I Expect the Correction to Continue - The market sold off 650 pips from the new ATH, confirming a local top. - Momentum becomes fragile after 2k pips rise in just 10 days - Selling pressure could easily return, especially if buyers struggle to hold above 3550. Trading Plan I’ll be looking to sell rallies against the recent top, targeting first the 3500 psychological level, and then the 3470 technical confluence support.Gold rebounded to my sell zone

1. Yesterday’s Move Yesterday, after a small intraday correction to the 3470 zone, Gold quickly reversed and pushed higher, printing a new all-time high near 3550. The bullish trend remains intact, but the latest surge looks overextended. 2. Key Question Has Gold finished its run for now, or will we see another immediate push higher without a deeper correction? 3. Why a Correction is Probable •The recent move is stretched, with limited room for risk-reward on the long side at these highs. •3470 stands out as a confluence support, and markets often retest such levels before continuation. •Chasing longs at ATHs leaves traders vulnerable to sharp pullbacks. 4. Trading Plan The best setup is to wait for price to retrace into 3470 and look for buying opportunities in that zone, aiming to rejoin the broader uptrend. Selling here is very risky – high probability of upside spikes could easily hit stop losses before any meaningful retracement.

Last week I mentioned that if Gold broke above 3380, the 3400 level would not be an obstacle and we could see acceleration towards 3450 and even 3500. ✅ On Friday, Gold reached my target at 3450. ✅ Last night, the market printed a new ATH above 3500. ________________________________________ Key Question: After 6 straight days of almost vertical rise, is a correction finally coming? ________________________________________ Why a Correction Is Likely: •Gold has risen more than 1,000 pips in just few days. •Every intraday dip has been bought aggressively – a sign of exhaustion risk. •Technically, support zones are now visible at 3470 and 3450. ________________________________________ Trading Plan: Selling here is very risky against such a strong trend. Instead, the strategy is simple: 👉 Wait for the correction. 👉 Look to buy dips. ________________________________________ Conclusion: My preferred approach remains buying dips, as the uptrend is still powerful. Gold could easily continue its rise above 3500 in the next few days. 🚀

1. Yesterday’s setup In yesterday’s update, after reviewing Gold in other currencies and concluding the bigger picture remains bullish, I pointed out that on XAUUSD a correction was normal after Friday’s huge rise. I highlighted the 3350 zone as the level where bulls should look for opportunities. 2. What happened overnight Overnight, Gold delivered exactly that: a violent drop into 3350, immediately followed by an even more violent reversal that erased the move and spiked price up to 3385. 3. Current situation At the time of writing, XAUUSD is trading around 3375. With the 3350 low now in place, we can reasonably consider the correction complete. 4. Key levels ahead For a true bullish confirmation, clearing the 3380–3390 zone is essential . If this breakout occurs, I believe the 3400 level won’t act as much of a resistance, but rather as a point of upward acceleration. 5. Trading plan My bullish view is unchanged. Buying dips against 3350 remains the strategy. For targets, a reasonable objective — if 3380–3390 gives way — is the 3450 zone. 6. Final note Gold has shown its hand: buyers are here, defending the key level. Now it’s about confirmation above resistance — once that happens, momentum could take us higher, faster. 🚀 Disclosure: I am part of TradeNation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.

As I said yesterday, Gold looks bullish overall, not just on XAUUSD. Right now, price is correcting after Friday’s huge rally – perfectly normal. The key level to watch is 3350 for buyers to step in. For confirmation, we need a break above 3380. If that happens, I believe 3400 will fall this time, and in the medium term we could even see a test of the old 3500 ATH. At the moment I’m out of the market, waiting for a trade that’s worth the risk. Patience is also a position. 🚀 Disclosure: I am part of TradeNation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.XauUsd reversed exactly after touching 3350 zone. Clarification comes with a stabilization above 3380

For directional swing traders, Gold’s summer price action has been particularly challenging. Strong impulsive moves have frequently been followed by tight consolidations and equally strong reversals, making it difficult to capture clean continuation trades. In such environments, the most effective strategy is often to step back and reassess the broader context. In this article, I will attempt to do just that — to strip away the noise of short-term fluctuations and focus instead on the bigger picture shaping Gold’s market direction. XAUUSD on the Weekly Chart Looking at the weekly timeframe, the beginning of the current uptrend can be traced back to October 2022. However, it wasn’t until March 2024 that XAUUSD finally broke decisively above the 2000 level. Only after this breakout did the trend accelerate meaningfully to the upside. From that point, the long-term trend has been clear and technically consistent, with pullbacks and corrections that are typical in such strong advances. Following the all-time high in late April, XAUUSD entered another corrective phase, and since then the market has been consolidating. Two key observations stand out: 1. A congestion zone is forming, with both highs and lows tightening over the past four months. 2. An ascending triangle structure is becoming increasingly visible. On the daily chart, this congestion is even more evident—especially in the past four weeks. Moreover, last week produced an interesting pattern: two strong bullish engulfing candles, the latest triggered by Powell’s remarks on Friday. Conclusion In the bigger picture, XAUUSD continues to look bullish as long as price holds above the 3300 level. The consolidation is healthy within the broader uptrend, and the ascending triangle suggests a potential continuation higher once the market resolves this range. Gold Futures The picture on Futures is broadly similar, with the uptrend starting in October 2022 and gaining momentum after March 2024. The key distinction here is that the consolidation is forming an ascending triangle, and last Friday’s bullish engulfing candle coincided with a reversal directly off the trendline support. Note: From my perspective—and I’ve said this before—when I trade Gold, I care about Gold itself as an asset. That’s why I ignore the DXY in my analysis. Instead, I focus on how Gold performs across multiple currencies, which I find far more relevant to understanding its true strength. XAUEUR Here as well, the trend is clearly to the upside—confirming what I mentioned earlier: Gold has strengthened regardless of the currency it is priced in. Over the past month, a well-defined support has formed around 2840. Last week, price action confirmed that level with a strong bullish engulfing candle, followed by two consecutive bullish pin bars. XAUGBP The picture is very similar to XAUEUR: the uptrend remains intact, with a clear support base forming. Last week’s price action delivered a bullish engulfing candle followed by a double bullish pin bar, reinforcing the case for continued strength. XAUJPY When it comes to the yen, the chart tells a different story. The series of all-time highs began back in 2022, driven not only by Gold’s global strength but mostly by the yen’s pronounced weakness. Over the past year, price action has remained contained within an ascending channel. While the structure differs from other Gold crosses, it nevertheless continues to suggest underlying strength. In conclusion, the overall, the bigger picture remains bullish for Gold as long as key supports hold, with the potential for continuation once current consolidations resolve.

Let’s be honest: the vast majority of crypto traders don’t come with a trading background. Not in stocks, not in futures, and definitely not in leveraged Forex. Most enter crypto because of hype, the dream of fast money, and stories of overnight millionaires. That’s why leverage in crypto is so dangerous. It’s not just a tool — it’s a trap for the unprepared. ________________________________________ What leverage really means To keep it simple: with 100× leverage, every 1% move in your favor doubles your account, but every 1% move against you wipes it out completely. 👉 No matter the asset — Forex, Gold, Bitcoin, or meme coins — at 100× leverage you only have 1% room to be wrong. ________________________________________ Yesterday’s market moves – a perfect example Yesterday, markets exploded across all asset classes: •EURUSD → +1% •Gold (XAUUSD) → +1.5% •Bitcoin (BTC) → +4% •Ethereum (ETH) → +8% •PEPE, other coins and meme coins → +10%+ Now imagine trading them with 100× leverage, catching the bottom and selling at the top: •EURUSD → +100% (account doubled) •Gold → +150% •BTC → +400% •ETH → +800% •PEPE → +1000% Sounds incredible, right? But here’s the other side: with 100× leverage, a –1% move against you = instant liquidation. ________________________________________ Effective Leverage – The Hidden Concept Effective leverage — you rarely see it explained. Why? Because it’s not sexy, not marketable, and most of all… exchanges and brokers don’t want this to be very clear. Nominal leverage (the 50×, 100×, 200× banners you see everywhere) sells dreams. Effective leverage, on the other hand, shows the brutal reality: how much exposure you actually control compared to your account size. Formula: Effective Leverage=Position Size/Account Equity •Example 1 (Forex): $1,000 account, $5,000 EURUSD position = 5× effective leverage. •Example 2 (Crypto): $100,000 account, BTC at $100k, controlling 5 BTC ($500,000 position) = 5× effective leverage. 👉 Nominal leverage is the ad. Effective leverage is the invoice. And once you understand it, the marketing magic disappears. ________________________________________ A concrete example – Solana trade Let’s take a real setup I shared recently on Solana: •Entry: buy at $200 •Stop Loss: $185 → risk on the asset = -7.5% Case 1 – 100× leverage From 200 → 198 (–1%), you’re liquidated. You never reach your stop at 185. Case 2 – 10× effective leverage Every 1% move = 10% account swing. You could survive down to 180, but you’d be under constant stress. Case 3 – 2× effective leverage (my choice) Let’s say you control $2,000 worth of SOL, effectively $4,000 exposure. •If Solana falls to 185 (–7.5%), that’s a –15% hit to your account. Painful, but survivable. •If Solana rises to 250 (+25%), with 2× leverage you make +50% on allocated capital. •Risk–reward ratio: ~1:3.3 — sustainable, worth taking. ________________________________________ The psychological factor This is where leverage breaks most traders. •With 100× leverage, every 0.2% fluctuation moves your account by 20% (≈ $400 on a $2,000 account). Every 1% move = liquidation. How do you stay calm? You don’t. •With 2× effective leverage, a 1% fluctuation only moves your account 2% (≈ $40). Boring? Maybe. Survivable? Absolutely. Now imagine: you enter SOL at 200 with 100× leverage. •At 202, you’ve doubled your account. •At 210, you’ve made 5×. But will you hold? No. Because: 1.If you’re awake, the stress of watching wild swings (in money, not in price) forces you to close early. 2.If you do hold, it’s usually because you were asleep — or the move happened in a single violent candle. Markets never move in a straight line. They go 200 → 202 → 201 → 203 → 201 → 205… At 100× leverage, every retracement feels like life or death. At 2× leverage, it’s just noise. ________________________________________ Conclusion Leverage isn’t evil. It’s just a tool. But in crypto, with insane volatility and inexperienced traders, it becomes a weapon of mass destruction. •At 100×, you’re gambling on the next 1% very small move. •At 10×, you’re constantly stressed and one bad move away from ruin. •At 2×–5× effective leverage, you can actually follow your plan, respect your stop, and let your targets play out. Trading isn’t about adrenaline. It’s about survival. High leverage destroys accounts — and discipline. Small, controlled leverage gives you the one thing you need most in trading: time. P.S. Of course, the choice is yours — what leverage you decide to use, whether you take into consideration the concept of effective leverage, or how you handle the psychological impact of high leverage. But at least now, you know. 🙂

1. What happened lately After the sharp drop that started on July 23 and bottomed at 155 in early August, Solana has shown strong recovery. The rebound pushed price back to the 207 resistance zone, followed by a pullback to 175, confirming it as a solid demand area. Yesterday, in line with the entire crypto market, SOLUSDT rallied strongly, and today, after a quick dip below 200, buyers stepped back in, pushing price once again toward resistance. 2. The key question Is Solana ready to finally break above resistance and continue higher into a new bullish leg? 3. Why I expect continuation to the upside • Positive fundamental backdrop across the crypto sector. • Constructive technical structure with consecutive higher lows since April. • 175 confirmed as a strong support zone, with buyers stepping in twice this month. • 207 resistance under pressure again, showing growing bullish momentum. 4. Trading plan As long as the daily close holds above 190, Solana remains firmly bullish. A clear breakout above 207 could open the path toward 250, and in a more extended scenario, even 300 in the medium term.

Yesterday I wrote that after the false break and the bullish daily engulfing, Gold could reverse to the upside and the correction that started from the 3400 zone might have been finished. With this idea in mind, I went long, and the entry turned out to be a real sniper one as Gold started to rise strongly exactly after my entry, reaching once more the 3350 zone. Here, however, price action turned “boiling” and, in the end, bulls couldn’t push through decisively. After another attempt to conquer 3350 at the beginning of the Asian session, Gold failed again. During the night (my night), I decided to close my trade with +120 pips profit. It was not the outcome I expected, but still a positive one. Looking back, this decision seems correct so far since price is now back around my entry level from yesterday. ________________________________________ Where Do We Go From Here? So far, the week has no resolution. Neither bulls nor bears are in full control. However, after the repeated failure to break 3350, my outlook leans slightly bearish at this moment. •Plan: I will look to sell rallies during the day if I can find a good risk:reward setup. •Target: 3280 is the bearish objective. •Invalidation: If bulls finally manage to resolve the 3350 level, this outlook is negated. ________________________________________ Final Note: Gold has become very unpredictable these days. What is true at the time of posting could change quickly during the session. That’s why I update my analyses during the day. 👉 If you want to be notified of these updates, don’t forget to like this idea. 💬 And if you have questions, feel free to use the comment section — I will try to respond to all. 🚀 Disclosure: I am part of TradeNation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.Gold tested yesterday's highs once more. I entered short on this rallyThis must be one of my quickest trades, sold the rally on resistance on Powell's speach, went to stop after 10 minutes:))

1. Yesterday’s Context In my yesterday’s analysis, I mentioned that although Gold had broken below the 3330 support, it was most probably a false break. Yesterday’s price action confirmed this view: Gold pushed back above the broken level, accelerated higher, and even broke above the falling wedge trendline, reaching a high around 3352. On top of that, the daily chart closed with a strong bullish engulfing pattern. ________________________________________ 2. The Key Question Is this the start of a larger bullish continuation? ________________________________________ 3. Why the Setup Looks Bullish •False break below 3330 quickly reversed. •Break above the falling wedge trendline = strong bullish signal. •Daily bullish engulfing confirms momentum shift. •Technical structure now favors continuation to the upside. ________________________________________ 4. Trading Plan At the time of writing, Gold is in a normal correction after yesterday’s strong rally. •I remain bullish. •I am looking to buy dips into support zones. •Target: around 3380 as the next upside level of interest. ________________________________________ 5. Final Note 🚀 The outlook remains unchanged: the bias is bullish, and yesterday’s breakout gives conviction that buying dips is the right strategy. Disclosure: I am part of TradeNation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.Gold, as expected, dipped into confluence support and confirmed the break. Now let’s see if the next part of the analysis comes true as well.Closed manually with 120 pips profit. It wasn't what I wanted, but Gold is failing at 3350 zone