Banzai wrote: Mon Oct 20, 2025 3:49 pm

The interesting thing is, the majority of that gold doesn’t even belong to England. At least 72 overseas central banks maintain gold accounts with the Bank of England. Germany: 438 tonnes, Austria 208 tonnes, Switzerland: 224 tonnes, Belgium: 200 tonnes etc

Tuesday, October 21, 2025.
Gold is in a downtrend so the Volume Profile will look like that.

Tuesday gold, October 21, 2025.

At the end of the day, it's easy to see.

We can short from Fibo 76.4% to Fibo 61.8%.
Short from Fibo 61.8% to Fibo 50%.
Short from Fibo 50% to Fibo 38.2%.
Short from Fibo 38.2% to Monday's daily low.

Oh well.

the pink rectangles are H4 candles.

In a downtrend like Gold on Tuesday 10/21/25,
the idea is to let the prices go up to make a wick.
When the prices go down below the body of the previous H4 candle,
we go SHORT/SELL.

Market Profile

Today Gold, Wednesday, 10/22/25
support and resistance lines came from previous days.

So we have to draw a bunch of support and resistance lines.

Elliott Waves
According to this gold trader on Instagram, we're in a bear triangle of Elliott Wave.
On Monday next week, we will be in a bear wave C.
If we use the "Market Profile.mq4" indicator, we can estimate that the prices will go down to the levels of 10/10/25 or 10/7/25.
Wave C should be lower than Wave A.

Don't forget to use a Stop Loss