01 Mar 2024 image image

Gold

Blondie slap new tariff rate yesterday on Canada, India, Switz and Malay. Market barely reacted. Should we deduced that tariffs news are wholly discounted, when major trading partners negotiate a deal. Think so. The rest represent a small import for ...

Gold

Hi, its not negative NFP but missed/weak NFP. Negative NFP would be -10k (for e.g) This would bring Gold to near ATH early in Sydney session. What is interesting is the last month revision, more than 90% revised down of last month figure.

Gold

Per Candlestick experience, if at least 3 doji forms, yet reluctant to reverse, it means continuation.

Gold

Hi, it was a thorough analysis As trade negotiation went easy with major economic powers, GDP figures still holding. While Tariffs driven inflation is largely getting absorbed by wholesaler, retailers rather than wholly directly pass onto consumers. ...

Gold

Nice view, But Wave E aint already invalidate When Price break the tangent TL rather than the extreme TL? image The recent down without major pullback, looks like position unwind (large Longs are being closed). GDP is more likely to miss forecast, ...

Gold

SL is must. Because YOLO trader are like flies everywhere, you only hear them once, then never!

Gold

Im pretty sure, the conversation started with you holding into short loss from gold price to move from 3400 to 6800usd/oz

Gold

Is it worth to let a trade go more that 1.5x Standard Deviation from your entry??

Gold

Its a good starting point, but if you look at money management that actually incorporate portfolio management all togther, Margin level is only used to add/substract positions, while enable the trade to breath. But the moment invalidation hit, there ...

Gold

That scenario means the trader dead! Not "Blown account" but the actual DEAD.

Gold

3358.78 to 3411?

Gold

If you aint making more mistakes, you aint arsehole enough!

Gold

From what i understand, ECB proposed 15% deal, US did not officially accept that offer?

Gold

LOL this is what Metalsmine/Forexfactory is known for. They trade without a thesis. Therefore 99.9% of their trade is random, without known probability and poor money management. One will trade gold, but if asked what the underlying forces that ...

Gold

The big question remains, can US really default? ANy genius to answer me???

Gold

Dive into Fundamental GOLD went up on Tariffs (to cause recession) However, Q1 US GDP went red mainly of massive import pre-tariffs season image GDP Q2 Nowcast image Which is also supported by green NFP and falling Unemployment rate. image ...

Gold