yes but that would also need a short covering from dollar longs. uj needs to drop to 155 and below. commodity currencies are still sold

The Swamp

not traded this for a long time. have no idea where we are heading?

The Swamp

its a chop fest today. in any case gold will find it difficult to rise above 2356. this more likely looks like a short covering rally. last friday we had monstrous rally in gold and silver. so friday's can be nasty. anything below 2334 should be ...

Gold

looks like 2339 it is.. it wont go below this before a meaningful bounce

Gold

housing data is a problem just like china markets. employment is pretty stroing though followed by manufacturing PMI's

Gold

done. 2336 is next if there is follow up selling

Gold

going in the right direction. 2356 is a tough nut to crack but markets will manage somehow. another print in 10 mins

Gold

another hot data in next 10 mins and gold will surely break 2350. markets will start factoring rate hikes sometime next year

Gold

if 2356 goes we will drop straight to 2334

Gold

this thing is not done. something like copper has wiped out 10 days of gain in 2 days. commodities have run up a lot since oct 2022.

Gold

one more short to 2382 area can be tried here but it is a risky trade. break of 2382 is more conviction trade

Gold

exactly what i said yesterday. i am warning since morning today. look at the break in copper prices. gold still has a long way to go. there is lot of leverage which has gone into this gold and silver trade in past 2 months. all that will reverse if ...

Gold

I warned people about this. as i speak copper is still falling. remember commodities always run in cycles. you never know when a cycle has topped out americans yet to join the party. copper is down 4% already

Gold

wow copper has wiped out the gains from Friday in just one day.

Gold

copper is having a free fall today. at some point markets will react to it.

Gold

inconsequential market today and FOMC minutes wont bring life into these markets as well. we dont get the new dot plot till June 12-13. markets will be in limbo ahead of that. so todays markets will atleast not move on FOMC. if we get a technical ...

Gold

about the negative interest thing, I 100% agree. most traders ignore commission part. thanks for bringing this up

Gold

there is definitely something about 2433 and 2427. it is stuck here for 2 hrs now if this is a genuine move and not a trap i expect 2407 to break and eventually see break of 2390

Gold

today's market is dangerous. I still think they will flush the bulls at some point

Gold

believe me when the sell off starts it will drop 200 dollars in a matter of 2-4 days. we are very close to it. for some reason NY pumps it every day in the morning and dumps it by night. even china has sold today in the morning. europe is kind of ...

Gold