anything below 2407 will trigger major selloff. remember this level did hold yesterday and today in asian session. so if it breaks it can easily go down 30-40 dollars more

Gold

beware of a big trip in copper prices which will bring the whole commodity index down

Gold

H4 rsi is at 83. last time it was so high was when gold was at 2150 and it went into consolidation for 3-5 days before it started the upward journey. silver RSI is at 88. last time RSI was so high was when silver was at 25. it is 700 pips higher and ...

Gold

yes gold will touch 2500 and 3000 also at some stage this year. Please buy and hold for next 5 years because u never know when u will see that level again

Gold

just follow the trend in gold and silver for the moment and dont do counter trade. this is year of metals and we had no signs of a decent stock market selloff this year. silver is closely related to copper. since most of us trade gold and silver we ...

Gold

Yes president of Iran and foreign minister both are dead. it is confirmed. even in India they are showing the same news. so any further escalation between Israel and Iran is ruled out with the supreme leader dead

Gold

it is just minutes and not live meeting. its not a big deal.

Gold

uj is close to forming a pattern at 156.06 after which I can slide down to 150.6x or the pattern may have already started. I dont take Friday's market after Europe exits too seriously. it is a stop loss hitting market after Europe exits. I think uj ...

USD/JPY Discussion

this is all dollar selling which has translated to gold gains. uj is yet to fall. so if it starts falling I wonder what will happen. there are two possibilities now. break of 2400 will lead to heavy selling as profit booking will happen thinking ...

Gold

no I mean 2376 and below opens a shorting opportunity but I would be careful now. it all depends on what the dollar does in the near term

Gold

as expected inline data and market takes a breather. there is nothing much for this month to look at after today's data. gold will probably do 161.8% retracement to 2402. any break below 2376 will be sold

Gold

today if the data is inline markets will take a breather.. if CPI is below estimates gold will rally and if above we can go sub 2320. if its inline we will stay in a range

Gold

and where did I say technical's dont matter. I said tariff news overpower any technicals today.

Gold

technicals dont matter in past 2 hrs. it is all sentiment based. gold was clearly heading down and can do us again once markets assesses the impact

Gold

most of you must be wondering why gold suddenly is going up. it is because of the tariff news which will overshadow any other news for the day. the tariffs are very heavy and china will retaliate. url

Gold

so buy on dips now or we still have the top in at 2378. it is only down 1.5% from the top

Gold

gold will not rise on rate cuts. it will only react to war news and economy news going forward. good economy gold rallies. bad economy gold falls

Gold

anyone here who is calling 2375 as medium term top for gold. I know today's high was 2378 but in that range 2375-2378 My thoughts on today's action: Gold fell after the weak US data and as more weak data comes from US it is going to fall. today's ...

Gold