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  • #16,901
  • Aug 27, 2023 9:33pm Aug 27, 2023 9:33pm
whats all this sniping and fighting today LOL

i thot i gave a detailed analysis of my bearishness since march , april...its not my fault people remain deluded and keep going long

june was an abberation cause of the chinese dumping dollars...i made a big post about that with charts and arrows even LOL

ive even been posting my bad ass mfer dollar chart...i outlined why its going to 106 and quite likely 112 ..here it is
Quoting Zebi
{quote} i didnt think i had to draw the lines since the charts looked self explanatory if you imagined they were 5 min charts like i said..i added people shud look at monthly too ....but ill do it anyways heres the monthly chart..its at support than if you switch down to weekly looks like this...i just eyeballed the line for this demonstration cause dont want to waste too much time making the support line look pretty and touch all the points LOL now lets go back to my original post when i asked the scalpers that never take their noses out...

now if somebody disagrees with me say it with charts
short trump and go long the deepstate
  • #16,902
  • Aug 27, 2023 9:45pm Aug 27, 2023 9:45pm
Quoting Zebi
{quote} oh damn ..i forgot there was aussi retail sales tonight
Not high impact anyway, not worth it.
Trade at your own risk.
  • #16,903
  • Aug 27, 2023 11:05pm Aug 27, 2023 11:05pm
Man i really wanted to see a break below 1914 in Asia to give my trade some cushion for frankfurt, I'm concerned they might sweep again in the mid 20's before heading back down.

want to see a clear break below 1900's this week plz ty, nfp should be the deciding factor of 1884 support imo.
  • #16,904
  • Aug 27, 2023 11:09pm Aug 27, 2023 11:09pm
Quoting elbert3
{image}{quote} Hi Fontu I have been trading short from the triple top on the monthly which I don’t think I have seen anybody post as yet . Hence my shorting targets . Bigger is the tl attraction 1335 is area. .. is it time to get out of gold or do we use the target lines to bounce regards E
If its going down to this area why the word called "precious metal" for gold,then it will have no value..
Its all about Timing!!!
  • #16,905
  • Aug 27, 2023 11:32pm Aug 27, 2023 11:32pm
Today's range 1932-1900
Any spike to 1923 area ,will sell to 1903-04

Trade safe
Its all about Timing!!!
  • #16,906
  • Aug 27, 2023 11:47pm Aug 27, 2023 11:47pm
if a ww3 were to happen anytime. i believe gold can shoot a clean traffic towards 2500-3000. but a price to reach 1335, i dont know what fundamental events can bring it down. unless, bitcoin flew to 200-300k. then world proclaim the digital currency as the worlds currency
Trading is very lonely
  • #16,907
  • Aug 28, 2023 12:22am Aug 28, 2023 12:22am
Quoting Zebi
whats all this sniping and fighting today LOL i thot i gave a detailed analysis of my bearishness since march , april...its not my fault people remain deluded and keep going long june was an abberation cause of the chinese dumping dollars...i made a big post about that with charts and arrows even LOL ive even been posting my bad ass mfer dollar chart...i outlined why its going to 106 and quite likely 112 ..here it is {quote} now if somebody disagrees with me say it with charts
Boy you keep shut out when things doesnt favors you.. a good trader learns and acts quickly and it means you are not married with being bull or bear...

and is not sniping, you post so often and seems like you always wants to be right, just like that mohamed-seid
  • #16,908
  • Aug 28, 2023 12:44am Aug 28, 2023 12:44am
Quoting David-Roddel
{quote} Boy you keep shut out when things doesnt favors you.. a good trader learns and acts quickly and it means you are not married with being bull or bear... and is not sniping, you post so often and seems like you always wants to be right, just like that mohamed-seid

so where you think price is going from here next few days?...im very interested in your views

as for posting why dont you take some of the workload off my shoulders and post more yourself
short trump and go long the deepstate
  • #16,909
  • Edited 2:00am Aug 28, 2023 1:14am | Edited 2:00am
btw, don't forget that no London today.., and no news as well
so let's see what Frankfurt brings
and then.., let's wait for NY

P.S. all Daily&Weekly PPs are below.., 1918th is DeMark's DR1.., and 1899.58 is Demark's DS1

happy trading
dolce vita
  • #16,910
  • Edited 1:34am Aug 28, 2023 1:21am | Edited 1:34am
Quoting Biana
Zebi and Fontu where do you think we are headed this week? 1870? 1950?
both possible as weekly bull with whatever small range . pa can be like this > test 1920/ now at strong resistance 1917 / next signal at 1914.68 breaks and hold to 1907/04 bounce areas with 3 bottom if to 1914/20/232 failure areas test and if fail then likely correct full depth below 1900 to 1890 or below 1890 and still to bull leg next . weekly may favour temporary failure to have 1907/04 or arounds support to bull above 1923 . take care . lets see what happen and will follow as per . just rough standard pa . may strong to weak though adding some uncertainties !
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDM30.png Size: 24 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #16,911
  • Aug 28, 2023 1:24am Aug 28, 2023 1:24am
Quoting David-Roddel
Waiting for a retracement to 1900 zone
This one was last week, closed shorts at Powells lies speech .. keeping my longs from it
  • #16,912
  • Aug 28, 2023 1:53am Aug 28, 2023 1:53am
1916th is a crucial point for today.., imo
watching
dolce vita
  • #16,913
  • Aug 28, 2023 2:09am Aug 28, 2023 2:09am
Quoting babayaga
"another" reference H4 ( other type) {image} yesterday H4 inside bar with Low:16.77 & High:21.53 charting with fxstreet
another H4 inside bar has appeared
H4, close up
Attached Image (click to enlarge)
Click to Enlarge Name: XAU_USD-4 28 08 0 c.png Size: 22 KB

low (previous bar) 1916.77
high (new one) 1914.81
we need to break some
charting with fxstreet
dolce vita
  • #16,914
  • Aug 28, 2023 2:23am Aug 28, 2023 2:23am
Morning everyone! Here’s to everyone closing this week in big blues!

Short at 1916, sell limits placed at 1918. TP 1900-1904 but doubtful about hitting it today, maybe after NY opening
  • #16,915
  • Aug 28, 2023 2:27am Aug 28, 2023 2:27am
Quoting babayaga
{quote} another H4 inside bar has appeared H4, close up {image} low (previous bar) 1916.77 high (new one) 1914.81 we need to break some charting with fxstreet
well spot , NR5th running if burst or to wait for 7th . likely mother's direction , down !
anyway 1914.68 broken , short activated to see what happen ! if signal hold or not next with hr close below 1914.14!
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDH4.png Size: 13 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #16,916
  • Aug 28, 2023 2:30am Aug 28, 2023 2:30am
Quoting d1zzy
Morning everyone! Here’s to everyone closing this week in big blues! Short at 1916, sell limits placed at 1918. TP 1900-1904 but doubtful about hitting it today, maybe after NY opening
Be Careful .....1914 and 1908 areas can change the game completely.I may be wrong.Trade safe
  • #16,917
  • Aug 28, 2023 2:34am Aug 28, 2023 2:34am
What news can reduce the price of gold to 5 dollar?

There is about 244000 metric gold on earth. the price of gold could go lower if we found a large deposit of it on earth and the way to excavate it let say under the ocean or somewhere else in the earth crust. Gold is expensive because it is rare. if we find a lot of it on the moon (very improbable) that's the end of it rarity. If an asteroid of gold hit earth that will be our rarity.

It is clear that the gold prices are in a downtrend for some weeks and there were sharp spikes in their reversals. momentum was high in the corrections which I read it mustn't be. It shows there is a strong emotion behind it. meaning there are a lot of capital that is enthusiastically trading against the trend.

I have an account that has swaps and I get positive swap for shorting and high negative swap for longing. This is a huge incentive for shorting. still on last Friday low volume hike the price and got weekend swaps if they hold the positions in accounts that have swap.

What is the situation in the world? We have a recession.

  1. Mr poor has no money and just has lost his job. He is not going to get married and buy a gold ring. He needs a job and food.
  2. Mr shopkeeper has not enough work for his business and looking to cut cost and has to send home a few of his workers to be able to pay his loans.
  3. Mr businessman is similar to the Mr Shopkeeper and has loans and has to attract investors in a declining economy which Mr poor can no longer buy from Mr shopkeeper because the latter doesn't have costumer.
  4. Mr Ceo has sent home many employees and stopped some project
  5. Mr Elon has sold his bitcoin which is a competitor for commodities like gold (in my humble opinion) and has invested in USA bonds becuase they give 100% secure high yields

    Then we have Mr goldsmith who doesn't have customers because people are looking to earn money to pay the bank. If the price of gold goes up then people will sell their gold. I personally want to sell my wedding ring and some other gold items if it goes up cause I can invest the money and get some interest instead. cause the business is not doing well. as Mr goldsmith You make money from trading gold not it's fluctuations much. the more deals daily the more profit daily. Mr goldsmith doesn't buy and sell without a margin. So if he doesn't have customers he would want also the price of gold to go down.

    Now is this the situation of the world?

    It depends where are you. some countries are doing better than others. Sri Lanka is doing very bad. I don't want to say who is doing the best. Germany hit recession. France has riots. Russia doesn't belong to be amongst these names. China has some problems. I don't know who is doing good. We just had a crisis (pandemic) it has took a toll on every country. There are a lot of people who are struggling. India is doing good. India has cheap oil from Russia and Iran and it's trying to do what China did to expand their economy.

    Now I have been watching that there is a lot of debate about bearish and bullish. We trade Market moves. We can't be Bears or Bulls. Federal reserve is CONTRACTING ECONOMY to combat inflation and as Milton freedman said "to combat inflation you should stop printing money." They don't do that. They are trying to legitimize their printed money by attracting investment and if one day all these investment go away for a reason like they cut interest rates to 1% over night then we all know why Milton Freedman got a Noble in economy. The USA election is close and it might be another reason.

    I am the shopkeeper I have sent one worker home, and my customers have to put their pets down on watch them die at home cause they don't have money. We are expensive and high quality so people who come to us count pet lovers as their family members. My suppliers are closing cause they can't sell enough. The construction has stopped, no new projects. and banks here have also increased their rates to stop capital from fleeing to USA but they can't keep up with the fed. So the currency is not doing well. hotels are closing.

    I know all that I say is bearish. But Gold has a lot of tendency to be jumpy towards Bullish cause Shock can hike it's price. But if tomorrow war in Ukraine ends suddenly that means the opposite. So there are some news that can be bearish.

    Why I am saying this all about the Bearish is because Gold has been always Bullish most of the time (obviously) and Jumpy and many who had made big profits have made it in a Bullish trend. Release of serotonin after every good trade has wired the brains to go for Bullish (1). Many think this is it! It is going to 2000 again. It is clear in the market.

    Sorry it is long I hope it is worth reading. I don't have a Bias. This is just a note and not a financial advise. I just thought it would help the community and my greatest concern is (1).

  • #16,918
  • Aug 28, 2023 2:41am Aug 28, 2023 2:41am
Quoting parveenverma
{quote} Be Careful .....1914 and 1908 areas can change the game completely.I may be wrong.Trade safe
No fixed TP, will keep an eye on price and close manually. So far, it seems like we can reach 1900-1904. Will follow price!

*Have a good week ahead!

RIP my english
  • #16,919
  • Aug 28, 2023 2:50am Aug 28, 2023 2:50am
Quoting fontu
{quote} well spot , NR5th running if burst or to wait for 7th . likely mother's direction , down ! anyway 1914.68 broken , short activated to see what happen ! if signal hold or not next with hr close below 1914.14! {image}
I put two (small) pending short at 15 to 14 & at 12 to 10.., to watch the direction..,
first is active now, dancing
and
bwt I do believe that Monday ( most of the time ) gives weekly setup (?!)
so let's be flexible
we have 25th from one side to print and 10th, 05th from the other


P.S. now I think about "buy stop"s.., do I need them (?)
dolce vita
  • #16,920
  • Aug 28, 2023 2:55am Aug 28, 2023 2:55am
Gold will be slow today because of bank holiday in England, probably rangey this week with NFP coming up

I expect it to take out Asian low at 1914


*slow until NY that is*
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