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- de5151 replied Apr 18, 2024
A lot of chatter that Israel will strike back Iran in the next hours. Rumors always drive Gold up.
- de5151 replied Apr 13, 2024
The drama is just beginning and Gold going down big is highly improbable in my opinion. Up is much more likely -- and there is lots of liquidity up.
- de5151 replied Apr 13, 2024
Besides potential escalation of war in the Middle East which will probably drive Gold up... Gold almost always attempts to fill a wick, so I'm thinking an attempt will be made on last week's weekly wick (so more up movement). Gold challenged a 40 yr ...
- de5151 replied Apr 5, 2024
I read somewhere that China's banks and funds are all buying Gold to stick it to the USD, but the USD looks like it will weaken anyway. If you believe these reports, they say China won't stop buying Gold till it hits 2500. They say there will only ...
- de5151 replied Mar 31, 2024
tonight normal time
- de5151 replied Dec 1, 2023
Don't be surprised if another new high is set in the last two hours of trading.
- de5151 replied Nov 19, 2023
The dollar is weak. That means Gold will be going up.
- de5151 replied Nov 5, 2023
Net long positions by the big boys continue to increase week by week. image With the dollar starting to weaken, and the current world situation, maybe Gold will take off upward this week?
- de5151 replied Oct 27, 2023
We're at a confluence of resistance here. We should be going down. image
- de5151 replied Oct 19, 2023
I don't believe there will be much of a drop in Gold this week. Gold is on a parabolic type move, probably because of the expanding war. I expect to get over 2000 and beyond this week, which means a big move up Friday (maybe after a few fake down ...
- de5151 replied Aug 27, 2023
Correct. This is the data of the non-commercials, the biggest speculators in the markets. Essentially hedge funds, the biggest players in the markets. So I guess you think these guys are out to lose lots of money...
- de5151 replied Aug 27, 2023
Just to update on COT data... The pullback this week was technically needed and allows for the big boys to add even more shorts. They have been steadily adding shorts and getting rid of longs for a while now. My view is still for another big move ...
- de5151 replied Aug 18, 2023
The big boys are still loading up on shorts. Looks like we will be going down much more. (this screen shot comes from a private membership site for those who wanted to know.) image
- de5151 replied Aug 13, 2023
Ok, I changed my mind after more analysis. The DXY does look like it will take off (up), thus bringing Gold down. Also, seeing the recent COT (Commitment of Traders) data, the big boys are loading up on shorts and dumping longs. This all points to ...
- de5151 replied Aug 12, 2023
I'm going to disagree with most people here. I think we are set up for a big up move. Thursday's and Friday's daily pin bars are in a bullish form (I consider them inverted hammers). I think we are going up. image
- de5151 replied Aug 4, 2023
Just as expected. Could have a down move coming though when Wall Street opens.
- de5151 replied Aug 4, 2023
Yes. All the signs are pointing to a big up move at NFP release. My prediction is that there will be a big spike down to take out all (long) stops under 1929.5 area and to trigger shorts set up down there. Then the big up move will happen.
- de5151 replied Jul 8, 2023
I agree. There will be a lot of moves "down" etc. before ultimately breaking (and retesting) that neck line.
- de5151 replied Jul 8, 2023
Looks kind of like an inverse head and shoulders on the 4 hour. image Commitment of Traders released yesterday afternoon shows that most of the big boys are adding longs. image I think that once we break that neckline we will have a big up move.
- de5151 replied Apr 15, 2023
The rising wedge of gold, getting ready for the big down move. image