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- giveachance replied Sep 12, 2024
one thing i can say abt gold is it is closely tracking what uj is doing. so if uj takes support somewhere close to 140 and rallies for 400-500 pips gold can fall by 50-70 dollars
Gold
- giveachance replied Sep 12, 2024
regardless of whether FED cuts by 50 bps or 100 bps or 25 bps gold cannot rally beyond 2600. if FED cuts by 25 bps gold can easily drop 50 dollars on the news. it is so heavily overbought. anything less than 50 bps now can cause dollar to rally hard
Gold
- giveachance commented Sep 8, 2024
when a fool like hellen becomes treasury secretary u are bound to get a hard landing someday
Yellen says U.S. economy remains solid, on path to 'soft landing' with no meaningful layoffs
- giveachance replied Aug 16, 2024
honestly there are no shorts yet. atleast wait for it it break 2870 and then short. dollar is getting weak. look at uj. has dropped 50 pips in 2 hrs
Cable Update (GBPUSD)
- giveachance replied Aug 15, 2024
very tight
if uj does not drop to 148.56 expect nq to continue rallying.Nasdaq-Simple Intraday Strategy
- giveachance replied Aug 15, 2024
looks crazy this market. first you dump an index 1000 points(nikkei) and 3000 points(nq100) and then you take it straight back. how can traders trade such a market. still 19500 should hold on NQ100 for today
Nasdaq-Simple Intraday Strategy
- giveachance commented Aug 15, 2024
from where is the US consumer bringing in so much money
US consumer spending jumped in July as retail sales were up 1%, much better than expected
- giveachance commented Aug 7, 2024
it does not matter what is the japanese side of the equation. all that matters is the fed. an emergency cut by the fed and uj drops 200 pips
BOJ Uchida: Japan's Economy and Monetary Policy
- giveachance replied Jul 21, 2024
sold here for short term target of 2283. will decide what to do with the sell if 2425 is hit
Gold
- giveachance replied Jul 20, 2024
so a 70 dollar drop in gold shook this thread. dont forget gold has rallied from 1650 dollars.. so it is still way too overbought just on war news. wars happen every now and then. so for gold to randomly rally 100 dollar when someone shoots a ...
Gold
- giveachance commented Jul 16, 2024
US can finish Iran in 24 hrs if they decide
US obtained intelligence on Iranian plot to kill Trump: CNN
- giveachance replied Jul 16, 2024
i dont think trump dictates what happens in gold. we have to wait for china month end data for june to see if there is any real demand from the chinese consumer. I have a feeling this is leverage based rally from 2380 to 2482 and will get unwind if ...
Gold
- giveachance replied Jul 16, 2024
they want to take out retailers so there is no point in asking them
Gold
- giveachance replied Jul 16, 2024
again dont short this top as shorting the top is for experts only and people with huge accounts who can take +-100 dollars swings. reduce your leverage on gold and wait for 2449 to short
Gold
- giveachance replied Jul 16, 2024
yes most of them are out but gold has also rallied 80 dollars overnight and dollar is almost steady. so it looks like protection buying for trump to get relected. lets see if we get 2500 and then 2600. it wont be an easy ride from hereon. gold has ...
Gold
- giveachance replied Jul 16, 2024
sell gold because the basic purpose of holding gold is inflation and there is no inflation anywhere
Gold
- giveachance commented Jul 14, 2024
this is bad news for uj. will surely fall on monday
Trump says he is 'fine' in statement and says he is being checked at a medical facility
- giveachance replied Jul 11, 2024
for silver the level is 31.92. again with low inflation and high unemployment there will be a massive recession aand people would start taking profits on both the instruments
Gold
- giveachance replied Jul 11, 2024
we will probably hit 2453 as the extreme range of this move but it won't go beyond that.
Gold