you will get a clean sweep of 4500 or will drop straight to 4200. this is a lofty level but so was 4338. we still got 50 dollars from there

Gold with No Drama

silver hit 68.30. total madness. illiquid markets. it can stop wherever it wants at the moment both gold and silver are looking an overshoot. gold target for short term is 5100 but we will retrace till 4000 min for that

Gold with No Drama

so what is ur trader friend doing today?? how many lots is he selling/buying..lol

Gold with No Drama

4208 or 4308?? there is a target at 4256 which it should have done at the beginning of the week. for some reason it did not achieve that

Gold with No Drama

my honest opinion is they dumped gold hard at 4373-75 and again at 4355-60 area and now we will just range or go downside. there is no major catalyst for gold to rally from here unless boj messes up in their communication. 4308 is opened and so is ...

Gold with No Drama

dont be surprised if we fall back to 4308. this is a casino.

Gold with No Drama

the main picture is tomorrow when the boj hikes rates. how the markets react to it

Gold with No Drama

it is already factored in. gold cannot make new highs till we factor in future cuts. there is one more cut coming in january now

Gold with No Drama

oops flush of both sides. this is the last drama of the year. next week till NFP beginning of next year we wont have data to react like this

Gold with No Drama

nice dead cat bounce. dont forget we broke two levels today. 4334 and 4312. so once they clear all the late sellers party will again start

Gold with No Drama

wow this reaction to a soft data. i was expecting gold to be at 4344. instead its still at 4330. take it with a pinch of salt. another rate cut is done

Gold with No Drama

ping pong to 4324 and back to 4330. a break of 22 will easily lead to 10-15 points drop

Gold with No Drama

unfortunately there is still room to 4387 although I dont like taking long on gold.

Gold with No Drama

with the amount of buying we have seen at 4344 if market reverses it will drop a lot

Gold with No Drama

any failure below 4324 would be disastrous now for gold

Gold with No Drama

issue gold has now is NY is selling silver heavily. so it will drag gold

Gold with No Drama

at the open either they will show 4312 or 4334

Gold with No Drama

NY is furious now. will hammer 4312

Gold with No Drama

so markets tested 4318 and 4344 both in NY. the wallstreet open will be important though

Gold with No Drama

looks like we have hit a roadblock at 4344-4350 area. expecting a reversal in this area else will buy 4350

Gold with No Drama