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  • #20,941
  • Oct 9, 2023 12:42am Oct 9, 2023 12:42am
Quoting d1zzy
{quote} Apart from gold, many consider the USD as a safe-haven I guess time will tell Where's Zebi could do with one of his posts now
I know lots of people say that they see the dollar as a safe haven, but there isn't anything intrinsic about the dollar that makes it anymore safe than any other fiat currency, other than the fact that it's more liquid and therefore easier to trade. If people exchange the safety of US Treasuries, does it make sense to exchange that safety for the currency of the same country?

I see it as a flight to liquidity rather than safety.

The ultimate safety is gold.
  • #20,942
  • Oct 9, 2023 12:46am Oct 9, 2023 12:46am
2 Israeli Tourists where shot by a Egyptian Police officer and died their guide also died. This conflict has a high chance to escalate. Israel has to show force, Muslims have to react and this can escalate. It can also fizzle out in a few days or few weeks but not today. It will not also grow to a huge World war or something but it can bring loss of stability to the Region and the USA. Biden Gave 6 bil to Iran and now gave 8 bil to Israel you see? We are already having a conflict in Ukraine and if this adds it will increase the worlds alert level. we have problem in north Africa and south china sea.

I am long gold but I hope the conflict resolve faster. until then I will keep my positions long. Who ever started that thing on Monday knew it's effect on the market.
  • #20,943
  • Edited 1:44am Oct 9, 2023 12:46am | Edited 1:44am
Quoting mhmdghaeni
Will This Gap fill in EU session ?
Doubt it. Doubt it's filled today

Edit - US Bank holiday, won't be much volume as well
  • #20,944
  • Oct 9, 2023 12:52am Oct 9, 2023 12:52am
GOLD H1
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  • #20,945
  • Oct 9, 2023 12:54am Oct 9, 2023 12:54am
Quoting Siawosh
2 Israeli Tourists where shot by a Egyptian Police officer and died their guide also died. This conflict has a high chance to escalate. Israel has to show force, Muslims have to react and this can escalate. It can also fizzle out in a few days or few weeks but not today. It will not also grow to a huge World war or something but it can bring loss of stability to the Region and the USA. Biden Gave 6 bil to Iran and now gave 8 bil to Israel you see? We are already having a conflict in Ukraine and if this adds it will increase the worlds alert level....
This IS definitely escalating, it's not something that's going to fizzle out soon. It's been a long time coming many middle east countries showing support ain't no small thing. It's pretty much a do or die scenario for both sides, US will get involved they can't see conflict and not get involved lol, literally profited off any/all conflict in the world this won't be any different. If we see gold hitting 80 today we might be back at 2000's before the end of the month considering this conflict playing out in the background, no amount of positive data could bring price down again.

Shall pray for a safer world and for the safety of all human beings regardless of ethnicity, religion, race, views, beliefs
  • #20,946
  • Oct 9, 2023 1:43am Oct 9, 2023 1:43am
Quoting Eren10
{quote} Normally all the middle east countries are controlled by the west after the Ottoman Empire has fallen. So escalation will come only if west wants escalation
I'm not going to respond to that due to the risk of turning this political
  • #20,947
  • Oct 9, 2023 1:43am Oct 9, 2023 1:43am
Quoting Eren10
{quote} Normally all the middle east countries are controlled by the west after the Ottoman Empire has fallen. So escalation will come only if west wants escalation
The cause of all these cases is Russia
  • #20,948
  • Oct 9, 2023 1:57am Oct 9, 2023 1:57am
Quoting d1zzy
{quote} Shall pray for a safer world and for the safety of all human beings regardless of ethnicity, religion, race, views, beliefs
that's all we can do !! hope they all resolves soon ! should be over till all criminal and their mastermind /money maker fraudsters be punished first ! and to do , general/sufferers to unite and show the same magnitude of power and fear to the mighty opposite !! created imbalance ultimately be balanced this way or the other , naturally ! but want only peace and pray for it only !
anyway the same fraudsters everyday playing against the weak in forex , we are helpless still ! no remedies ! as your 1 dollar investment may never be zero by any time with any movement till all related values be zero!
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #20,949
  • Oct 9, 2023 2:03am Oct 9, 2023 2:03am
This is going to be one of those days where it turns aganist you no matter which way to trade isn't it?
  • #20,950
  • Oct 9, 2023 2:04am Oct 9, 2023 2:04am
Okay so the Bank of Israel announced that it is going to sell 30 billion USD in the open market. That's surely going to drive the gold prices up right??
  • #20,951
  • Oct 9, 2023 2:09am Oct 9, 2023 2:09am
Morgan Stanley rates strategists maintain a long position view on the U.S. dollar for now, they say in a note. Recent price action in U.S. rates and rising political uncertainty have bolstered skepticism about the dollar's status as a dominant reserve currency, they say, but they don't share most of these concerns. "We think investors are overly concerned that the USD will lose its dominant-currency crown," they say in a note. "We generally take a more skeptical view of USD losing its 'dominant currency' crown, though some of the critiques are not unfounded," they say.
  • #20,952
  • Oct 9, 2023 2:11am Oct 9, 2023 2:11am
Quoting sboy.s63
{quote} The cause of all these cases is Russia
I do always laugh at the narrative that Russian is simulateously really weak and on their last legs, as well as so powerful that they control all this geopolitics. Pick one because you can't have both.
  • #20,953
  • Oct 9, 2023 2:12am Oct 9, 2023 2:12am
The composite man will probably check for support circa 1845.
  • #20,954
  • Oct 9, 2023 2:19am Oct 9, 2023 2:19am
What's everyone doing though, what are your positions?
  • #20,955
  • Oct 9, 2023 2:25am Oct 9, 2023 2:25am
Quoting d1zzy
{quote} This IS definitely escalating, it's not something that's going to fizzle out soon. It's been a long time coming many middle east countries showing support ain't no small thing. It's pretty much a do or die scenario for both sides, US will get involved they can't see conflict and not get involved lol, literally profited off any/all conflict in the world this won't be any different. If we see gold hitting 80 today we might be back at 2000's before the end of the month considering this conflict playing out in the background, no amount of positive...
DXY is going up And gold is not coming down. Gold is being bought also capital is fleeing to the USA But Gold might be a quick buck here.
  • #20,956
  • Oct 9, 2023 2:27am Oct 9, 2023 2:27am
Bit of a dumb move this , way out of the money. lucky to break even.
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  • #20,957
  • Oct 9, 2023 2:37am Oct 9, 2023 2:37am
Quoting d1zzy
What's everyone doing though, what are your positions?
this war should make gold and USD go up. In a few weeks/months USD likely to go down first so gold higher, then gold down. But US economy so far ahead of the world right now it's not necessarily going to come down in that order.
  • #20,958
  • Oct 9, 2023 2:38am Oct 9, 2023 2:38am
We’re doing not bad here for a £17 account I nearly lost on Friday
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  • #20,959
  • Oct 9, 2023 2:43am Oct 9, 2023 2:43am
Looks like it's just manipulation all the time
  • #20,960
  • Oct 9, 2023 2:54am Oct 9, 2023 2:54am
Quoting Siawosh
{quote} DXY is going up And gold is not coming down. Gold is being bought also capital is fleeing to the USA But Gold might be a quick buck here.
Gold and the DXY doesn't have a correlation of 1. Gold has had 5 bullish weekly candles during the last 12 weeks whereas the DXY only had a bearish candle once, last week, during the last 12.
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