Gold

Quoting ChiForex

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{quote} Seeing a reversal hammer on today's daily then possibly the weekly as the monthly is too bullish for the dollar so far, not convinced it can keep strengthening without a good retrace happening before this month ends, then next month confirms the monthly bulllishness so everything vs $ continue sliding...from then... Don't misinterpret...the dollar will keep strengthening so we'll keep buying it and selling all others but there have to be a retrace before that so we don't get stuck with possible drawdown before downtrend accelerates...

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Quoting eusebiul

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Quick question regarding XAUUSD seasonality: Am I the only one who noticed that trading Gold in April and September is basically a coin flip? My algo data from 2019 shows massive performance drops during these months.

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Quoting Fadhl

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{quote} Nicely closed Gold is in crunchy area. If we got a body candle that closes below 5050 from H1 and up, we might see 4750. The down move is explained by the rush to fulfill the margin calls on equities. So investors who are underwater sell their gold positions to $US to cover... This is temporarily behavior. Next week, Gold should start going up towards 5300. {image} Bad NFP will accelerate the sell-off of Gold in correlation with the sell-off in equities and the buy of $US.

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Quoting ChiForex

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{quote} As expected early Monday morning...EU/GU already 150 pips up to weekly resistances and a typical manipulative move before big news as FOMC... I'm really bored of the market makers clear manipulation...try a new one They pumped both pairs so when FOMC arrives whatever the outcome the fall won't be huge...same boring method since both pairs were manipulated and fixed btw 1.16-1.19 for many months... This is the only reason both pairs made that big jump on Monday and Tuesday...besides that technical at its max...

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Quoting ChiForex

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Just keep in mind folks that we still have some 20 more hours of suspense..with crucial news releases starting with BOJ then BOE and ECB..so no sleep yet...market makers didn't yet end their manipulation games.. but as before...any retrace is a swing opportunity to sell....especially after this running dip after FOMC a retrace should follow in tomorrow first hours after some further fall..hold..retrace..

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Quoting Fadhl

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{quote} 4800 may be today and then Gold resumes up for a new ATH. {image}

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Quoting ChiForex

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When I was saying wait for a big fall in Gold they were all dreaming of 10k..and lately read that the idiot Robert Kiyosaki dreaming of 25k..well I bet he's definitely not buying now waiting for that....just that talking is for free He thought like other bulls themselves so important that they predicted Gold to reach 3k...well even the old witch woman living in the back yard of my Villa predicted 5k so that's way better Everything overvalued will fall..it's only a matter of timing.

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Quoting navk

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{quote} There is buy fairvalue gap below 4300. Probably next week a correction to up side

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