Attachments: Gold

Gold

#35,501
Jul 11, 2024 12:32am Jul 11, 2024 12:32am

Whale
Joined Jun 2013 | Status: Trader | 14,535 Posts

Quoting MAchoudhry

Disliked

{quote} Very funny. Btw with demo account u couldn't feel the same emotions as in real account. Show your same skill in real life.

Ignored

good traders knows how to control emotions (i don't

)
anyway, maybe it's only the TE, who knows.

not our business

#35,502
Jul 11, 2024 1:10am Jul 11, 2024 1:10am

Stasko12
| Joined Jun 2024 | Status: Trader | 5 Posts

Hi guys! I'm pretty new at trading (8months) and I always avoid high impact news (CPI, FOMC etc.) and now I want to take this fundamental trade. I made a research and listened to Powell and he said that inflation decreased. This means good for the market, right? So I'm on buy side. Are you guys buying or selling on CPI news today?

#35,503
Jul 11, 2024 1:12am Jul 11, 2024 1:12am

Dr.Zain
Joined Sep 2008 | Status: Trader | 2,383 Posts

Quoting DubaiFX

Disliked

{quote} Thank You, Zain, i am just the Student of the market, thats all, today will be the same 2383 sell is waiting for 2370 to get hit, stay tuned our next analysis is in process,, Good luck to you all, Patience will be Required,

Ignored

Hello again
Would you please Clear my Concept about CPI, is it 4.25% or 4.30% or 0.2% ?
US CPI is key for rates ahead
From think.ing.com
https://assets.faireconomy.media/nfs...g?_=1720653471

The 10Y is back in the 4.25% to 4.30% area, and looking for an excuse to dip lower. The rationale for doing so can come from Thursday's CPI report for June.

Attached Image (click to enlarge)

Click to Enlarge

Name: IMG_20240711_100223.jpg
Size: 89 KB

#35,504
Jul 11, 2024 1:46am Jul 11, 2024 1:46am

DubaiFX
| Membership Revoked | Joined Aug 2007 | 1,069 Posts

Quoting Dr.Zain

Disliked

{quote} Hello again Would you please Clear my Concept about CPI, is it 4.25% or 4.30% or 0.2% ? US CPI is key for rates ahead From think.ing.com {image} The 10Y is back in the 4.25% to 4.30% area, and looking for an excuse to dip lower. The rationale for doing so can come from Thursday's CPI report for June. {image}

Ignored

Dr, Sahab

they 4.25-4.30 10Y is Bonds, or Yields,
what ever you decide to call it,

cpi chart is Uploaded.

as you see on forexfactory

anyways i hope that clears your confusion,
and remember if Yields go lower chances usually Drives the GOLD high
thats the coloration between bonds and GOLD,
remember with GOLD in real world there is no Interest,
but US$ or many more currencies like ZAR MXN etc, pay high interest,
so GOLD only has value as long as it attracts the Demand,
and looking at Geopolitical risks, elections, etc,
and Countries looking for GOLD to Strengthen their currency in long term,
the real Question is are we going back to GOLD standard where currency is backed up by how much GOLD reserve it has,
maybe,
time will tell,

some investors are looking to backup some portion of their reserves into gold and according to a survey 70% of companies have some sort of reserves in gold,
but do remember Market always Bounce back,
that can be said for USD as well,
along with Stock market,
because Panic hits hard and fast in time of uncertainty and now that is the key driver for GOLD,
lets see what CPI brings
maybe i don't know but maybe FED will decide to cut the rate in Sep before elections,
just to restore confidence in the market,
who knows, still to early to tell.
good luck.
remember CPI can make Wild moves,
it can go up another 10$ up and then just drop or Vice versa
we trade the Odds, probabilities some times we are right some times we are wrong,
what matters in the end is did you made profit at the end of the month, and kept your account from High DD,
then you are good trader, better then most who make money in short term but with DD they end up loosing in few months.

Attached Image (click to enlarge)

Click to Enlarge

Name: cpi.png
Size: 30 KB

Don't compare your Trades with Others

#35,505
Jul 11, 2024 1:51am Jul 11, 2024 1:51am

Bflyfx
Joined Dec 2022 | Status: Trader | 1,064 Posts

These explorers are just a competition between mates !!
Follow my posts and you might learn a thing or two.
Emotions don't interfere with my system which is purely mechanical.
GL

I only follow traders with IQ above 160

#35,506
Jul 11, 2024 1:52am Jul 11, 2024 1:52am

Ptr777
| Commercial User | Joined Aug 2023 | 358 Posts

I see Gold taking yesterday's high and then making a new weekly low by tomorrow

#35,507
Edited 2:19am Jul 11, 2024 2:04am | Edited 2:19am

DubaiFX
| Membership Revoked | Joined Aug 2007 | 1,069 Posts

Hello Guys,
CPI today,
well get ready for the gold to surprise you,
because it will be tricky this time,
between market expecting rate cut fed watch list shows 73% chances in SEP,
anything above 70% in my experience that means price is already Priced in,
and CPI could change the Near term Sentiment,
but for me 2380 and or 2382 was not a bad point to sell,
so i did,
it may hit 2390 and move close to 2400 also but i am patient always use low leverage that way you will have more control over your trades,
and the fact +interest doesn't hurt at all,
i could be wrong,
but if i were i will be looking to buy GOLD above 2380 is not something i am comfortable with,
2350-2340 i am happy to buy,
but for me Gold is too high to buy,
and the fact CPI can drive it 30-40$ up or Down yes that is good question,
cpi can disappoint and gold can hit 2400 mark also,
but i am not sure about that,
so for selling looks more reasonable and few other thing as well,
like Pound it sored yesterday on comments from BOE but today news didnt move it even 10 points,
that should atleast have moved 30 pips according to my observation,
and then there is YEN which is keep getting cheaper but for HOW long, there are lot of question in my mind,
but lets focus on today,
and all i can say is be careful no matter which way you decide to go,
human mind is tricky, if you want to buy you wil find a reason or Chart it can me 30m 1h or even 5m chart,
and same goes for sellers they always try to justify with maybe 4h or daily charts,
charting is very very tricky,
and odd enough 80% traders are technical traders and if look at stats 70-80% loose in long term,
so i think is it because of technical traders?
what you think guys
charts or technical levels are great tools to enter and exit at good levels,
before there was no charts and just numbers,
remember Good Old days of numbers,
and that was the time when things were not so complicated,
now a days more and more softwares are coming in to confuse traders, tradingview is on top of that,
but even after that all i tried them all MT4 simple chart worked for me since 2007 and it still works
i dont know about you it a choice which way you feel comfortable,
anyways Good luck guys,

Attached Image (click to enlarge)

Click to Enlarge

Name: gold 1h.png
Size: 25 KB

Don't compare your Trades with Others

#35,508
Jul 11, 2024 2:06am Jul 11, 2024 2:06am

zanhuynh
| Joined Nov 2021 | Status: Trader | 48 Posts

Quoting Bakker

Disliked

{quote} Sold already, for double the price!! According to the agreement I'm not allowed to post anything ever on any website. So, its goodbye to all my friends and enemies, keep up the good work!!

Ignored

Sad news...
Keep your healthy ...

#35,509
Jul 11, 2024 2:24am Jul 11, 2024 2:24am

polatok
Joined Jan 2012 | Status: Trend is Friend | 686 Posts

i am still long.

Attached Image (click to enlarge)

Click to Enlarge

Name: XAUUSD_2024-07-11_13-23-30.png
Size: 22 KB

Trend Is Friend

#35,510
Jul 11, 2024 2:54am Jul 11, 2024 2:54am

fxmatters
Joined Apr 2023 | Status: Trader | 217 Posts

Quoting DubaiFX

Disliked

Hello Guys, CPI today, well get ready for the gold to surprise you, because it will be tricky this time, between market expecting rate cut fed watch list shows 73% chances in SEP, anything above 70% in my experience that means price is already Priced in, and CPI could change the Near term Sentiment, but for me 2380 and or 2382 was not a bad point to sell, so i did, it may hit 2390 and move close to 2400 also but i am patient always use low leverage that way you will have more control over your trades, and the fact +interest doesn't hurt at all,...

Ignored

Well said

Really appreciate your insights and the time it takes to write all this and it is really helpful for all.

I do agree a fall to below 2350 is round the corner and due.

Might be we touch 2330 to take out all the buyers and the shoot up right after CPI and more up on Friday on PPI to close the week above 2400

#35,511
Jul 11, 2024 3:03am Jul 11, 2024 3:03am

Dr.Zain
Joined Sep 2008 | Status: Trader | 2,383 Posts

Quoting DubaiFX

Disliked

{quote} Dr, Sahab they 4.25-4.30 10Y is Bonds, or Yields, what ever you decide to call it, cpi chart is Uploaded. as you see on forexfactory anyways i hope that clears your confusion, and remember if Yields go lower chances usually Drives the GOLD high thats the coloration between bonds and GOLD, remember with GOLD in real world there is no Interest, but US$ or many more currencies like ZAR MXN etc, pay high interest, so GOLD only has value as long as it attracts the Demand, and looking at Geopolitical risks, elections, etc, and Countries looking...

Ignored

Thanks for cleaning my Confusion, I read 10Y, as ten years back

Attached Image (click to enlarge)

What we are hearing from Fed members that we want to bring CPI on our Target I c 2%, and in economic Clander The CPI Figures are 0.1% ,0.2 % & 3.1 % !!!!!!!

#35,512
Jul 11, 2024 5:04am Jul 11, 2024 5:04am

Mrbhatti
| Joined Jun 2024 | Status: Go for own know | 86 Posts

Quoting Bflyfx

Disliked

These explorers are just a competition between mates !! Follow my posts and you might learn a thing or two. Emotions don't interfere with my system which is purely mechanical. GL

Ignored

Bro Dubai where find this news list tell me also l want to trade on news but my often trade are in lose and in forex factory the news release some seconds later and a big candle is form before i see the news what is the solution??????????

#35,513
Jul 11, 2024 5:08am Jul 11, 2024 5:08am

Mrbhatti
| Joined Jun 2024 | Status: Go for own know | 86 Posts

If anyone wants to share his experience on news trading plz share and told it to others also

#35,514
Jul 11, 2024 6:05am Jul 11, 2024 6:05am

stsh8
| Joined Aug 2022 | Status: Trader | 47 Posts

Attached Image (click to enlarge)

Click to Enlarge

Name: Screenshot_2024-07-11-20-01-36-744_net.metaquotes.metatrader4-edit.jpg
Size: 697 KB

#35,515
Jul 11, 2024 6:58am Jul 11, 2024 6:58am

FXfromDubai
| Joined Jul 2024 | Status: Trader | 1 Post

This is going to get interesting in the next 35m.

A quick hi. Extremely long time lurker

I’ve seen lots of great posts and support from experienced traders in here . Thanks to all the positive contributions, helped me shape my thinking for a while.

Attached Image (click to enlarge)