Gold’s Mood Swings Continue: Is That a No Demand Candle or Just a Yawn?

Alright fellow candle-chasers, today’s XAUUSD performance was about as exciting as a lecture on tax law. Gold tried to act dramatic again but gave us more of a slow-motion soap opera than a blockbuster.

The mighty golden diva dipped to around 3343 for a quick nap, stretched itself up to 3385 (just to show it’s still breathing), and finally decided to curl up and close the day at a cozy 3372. Yawn.

Now remember that legendary 3331 zone we hyped up like it was a celebrity wedding? Yeah… Gold didn’t even bother visiting it today. Rude.

Instead, a mini push came about 3 hours after market open — like Gold suddenly remembered it had somewhere to be — and tried poking that sassy 3363–3368 supply zone. The price flirted with 3366 (our marked resistance), but like an awkward first date, it backed off quickly. Then came our savior: the UTC 14:00 candle — which strutted past 3366 like it owned the place, went for a high of 3385, and called it a day at 3372.

My Bias Today? About as Confused as Gold’s Mood Swings

Honestly, nothing thrilling happened today. In fact, today’s daily candle is giving me strong No Demand (ND) vibes — you know, that “I’m not interested but I won’t tell you directly” type of behavior. But let’s not jump the gun — confirmation depends on what kind of outfit tomorrow’s candle decides to wear.

If tomorrow’s candle closes bearish with more volume than today’s, boom — confirmed No Demand, cue dramatic music.
But if tomorrow’s candle closes bullish with more volume, this ND theory goes straight to the recycle bin.

Oh, and in the plot twist of plot twists, even a bullish candle with lower volume could become tomorrow’s potential ND candidate, which we’ll then wait to confirm the next day… and the next… Welcome to the never-ending ND Netflix series.

Key Areas to Keep an Eye On (a.k.a. Where Gold Might Do Something Stupid):

🔸 3372 – First RBS (Resistance Became Support) zone, already being tickled by price.
🔸 3366–3363 – Another RBS zone. Could act as support, or a trap — Gold hasn’t decided yet.
🔸 3331–3333 – Our old flame, the ever-reliable support zone (but today Gold ghosted it).
🔸 3320 – Potential support if things go south.
🔸 3299 – The “if all else fails, panic here” zone.

Now for the resistance gauntlet (a.k.a. The “Good Luck, Bulls” Club):

🟥 3390–3392 – First hurdle.
🟥 3400 – The second trap with a fancy hat.
🟥 3415 – The third trap with a fancy hat.
🟥 3435 – Fourth resistance, now with extra sass.
🟥 3460 – Almost there, don’t trip.
🟥 3500 – Grandma’s favorite — still the promised land for dreamers.

What’s the Plan, Boss?

Look, today’s price action was neutral enough to make Switzerland jealous. So I’m playing Switzerland too — bias is NEUTRAL for the next 24 hours.

If Gold breaks 3390–92, we might get a test for a long entry (aka buy-the-dip fantasy).
If it breaks below 3366, we’ll see if it gives a retest — and maybe, just maybe, short it like your ex’s Netflix password.

But don’t get too excited. Any of this only matters if Gold respects the script. We still need to see Climactic Action Bars, Automatic Rallies, Tests, SOS, SOW — the full VSA drama, basically.

Until then, we wait… and meme.

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One response to “Gold’s Mood Swings Continue: Is That a No Demand Candle or Just a Yawn?”

  1. […] candle-chasers, remember yesterday’s boring, non-committal candle that screamed “I’m a No Demand (ND) but don’t quote me yet”? Well, guess what — Gold finally replied to our […]

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