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- 27 Results (26 Replies , 1 Comment )
- Sankara001 replied Nov 10, 2022
For you, what would bring about such a scenario? You never specified whether you are speaking about an increase or a decrease in the core rate.
- Sankara001 replied Nov 10, 2022
Presumably yes.The market's focus will majorly be on the core rate and not exactly on the headline inflation where any upside surprise on the core rate could do some damage to the recent benign risk environment and end the recent correction in the ...
- Sankara001 replied Nov 8, 2022
Seems like this is happening currently but expect a slightly lower leg back to 109.200/250 before it finds better support above 109.400 between tomorrow and Thursday which should in turn give gold its peak price of the week before we see a crush ...
- Sankara001 replied Nov 8, 2022
Short gold from 1729 and close your position(s) once DXY gets to 113
- Sankara001 replied Nov 8, 2022
The dollar index should find good support at the 109.400 level. From there this corrective positioning on the dollar should reverse to head towards 113.00
- Sankara001 replied Nov 8, 2022
What were you saying again about 1700?
- Sankara001 replied Nov 4, 2022
I understand the fundamentals favor the bears.... but I work for an investment bank as an senior research analyst hence I may have more information than majority of retail traders and that’s why I gave the heads up yesterday concerning the 1619 ...
- Sankara001 replied Nov 3, 2022
Expect 1720 soon if 1619 holds. Yesterday’s Fed meeting was a double edged sword for the markets hence be very cautious.
- Sankara001 replied Oct 10, 2022
still holding on to mine too and I’ve been adding more shorts. My target is 1570 but I know it will still cross my tp price to lower levels. Good luck mate
- Sankara001 replied Oct 7, 2022
I’ve done a quick analysis and for me the best area to short would be to wait for it to test @0.98890 then do your thing. i think I now understand your reasoning and perspective.
- Sankara001 replied Oct 7, 2022
Strong bearish fundamentals on this pair don’t support your theory
- Sankara001 replied Oct 7, 2022
This is nice, good for you mate. Personally I’ve never been able to scalp like this. The trade I made yesterday I’ll probably be holding it for the next 1-2 weeks.....this needs extreme patience mahn.
- Sankara001 replied Oct 7, 2022
I’ll prolly keep on adding short positions till gold gets to 1570 as long as the situation remains the same. In the meantime I’ll be listening to Ed.....lol I kinda like this song too much even if it doesn’t suit a happy environment. video
- Sankara001 replied Oct 7, 2022
As long as gold closes the week sub 1700 you can expect 1600 to be next. I think 1780’s was already tested and the matter has been settled.....maybe. DXY is heading to 115 in the next days/weeks so that is why I find it hard that gold can retrace to ...
- Sankara001 replied Oct 7, 2022
Why would you buy gold while till buying usdjpy? As long as NFP is above 200k the gold is still bearish.
- Sankara001 replied Oct 6, 2022
Finally got my sell signal. DXY has invalidated the bearish channel and is now looking to form higher highs.
- Sankara001 replied Oct 6, 2022
Something has been disturbing my mind ever since the week and slightly the last part of the last week started and I keep on asking myself, “why the hell is everyone(almost) preparing to short XAUUSD?” In my experience, once I see majority of traders ...
- Sankara001 replied Oct 4, 2022
I doubt it will go above 1736