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  • #36,701
  • Jul 31, 2024 12:28pm Jul 31, 2024 12:28pm
If I may share my MT view on Gold!
From TA perspective, Gold is in a consolidation phase. Also we have a bearish flag.
From FA, Risk is on with a potential expansion war in the Middle East (bullish gold). On the other hand, Inflation is down and rate cut is happening (bearish gold).
So with mixed forces, Gold may continue in the consolidation phase, but in the MT, my outlook is Sell.
Attached Image (click to enlarge)
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  • #36,702
  • Jul 31, 2024 12:36pm Jul 31, 2024 12:36pm
Quoting mallee
{quote} I suppose you need those languages to speak to all the International criminals Dubai gives safe haven to.
you are right,
and i was Police Officer so it became Necessity to be honest,
but it helped me a lot. in a many ways
till today it does,
Knowledge is Power.
Don't compare your Trades with Others
  • #36,703
  • Jul 31, 2024 12:43pm Jul 31, 2024 12:43pm
Quoting Zairul
{quote} there's are rumors that fed will cut interest today... so.. precautions might be usd going to be very2 strong...
FED doesnt Deliver Surprises,
not have done since 2010,

so no CME watch list shows 1-5% chance,
that is not even close to 40-50% where you might think but yes BOE may Surprise you,
not FED,

powell may move the market with his Press Conference that is the what we are looking for still,
2430 doesn't look bad to open just to see how gold will reach 2410 maybe not bad to look for,
and another trade and will wait for 2460 to add,
just my 2 cents,
good luck.
Don't compare your Trades with Others
  • #36,704
  • Jul 31, 2024 12:50pm Jul 31, 2024 12:50pm
Quoting Zairul
{quote} there's are rumors that fed will cut interest today... so.. precautions might be usd going to be very2 strong...
Where did you see those rumours?
How to succeed in zero sum game?
  • #36,705
  • Jul 31, 2024 12:58pm Jul 31, 2024 12:58pm
Quoting dempire1
{quote} Where did you see those rumours?
It will go up XAUUSD ? ( Buy )
  • #36,706
  • Jul 31, 2024 1:02pm Jul 31, 2024 1:02pm
Quoting Alpachino202
{quote} It will go up XAUUSD ? ( Buy )
lol
How to succeed in zero sum game?
  • #36,707
  • Jul 31, 2024 1:06pm Jul 31, 2024 1:06pm
Quoting dempire1
{quote} lol
No worries man

It will go up remember me , will go up and touch 2500 , then It will go down to around 2050-2100
  • #36,708
  • Jul 31, 2024 1:06pm Jul 31, 2024 1:06pm
Quoting eyefeelsix
{quote} sl broken, and re-entry short @better price for medium-term trading {image}
almost same reentry, Good luck
People don't plan to lose. They lose because they don't plan.
  • #36,709
  • Jul 31, 2024 1:08pm Jul 31, 2024 1:08pm
Quoting dempire1
{quote} Still thinking who at this moment is buying gold and cannot figure it out. There is alot of uncertainty. Current ECI numbers are not telling much. Compensations are increasing but if unemployment goes up then who’s going to compensate the gap? Alot of more questions rise in my head and taking into account current information I’m thinking that Fed will be “wanting to see more data” before giving any dovish/hawkish signals about September rate cuts. {image} {image}

Yep as was expected.

"In considering any adjustments to the target range for the federal funds rate, the Committee will carefully assess incoming data, the evolving outlook, and the balance of risks. The Committee does not expect it will be appropriate to reduce the target range until it has gained greater confidence that inflation is moving sustainably toward 2 percent."
https://www.federalreserve.gov/monet...20240731a1.pdf
How to succeed in zero sum game?
  • #36,710
  • Jul 31, 2024 1:09pm Jul 31, 2024 1:09pm
Quoting Alpachino202
{quote} No worries man It will go up remember me , will go up and touch 2500 , then It will go down to around 2050-2100
yes another "trust me bro".

good luck, dont talk to me muppet.
How to succeed in zero sum game?
  • #36,711
  • Jul 31, 2024 1:15pm Jul 31, 2024 1:15pm
Quoting wiseguy0
{quote} Hanz where do you see corection on the candle, waiting to going down
you asked same question yesterday. I gave you this answer:

Quoting hanzohas
{quote} In to the range below. I think 2410/20 are good levels for shorting, but not many would dare to take the risk due to news tomorrow. {image}
I also posted this chart same day:

Attached Image (click to enlarge)
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Truth is no one really knows. Trade safe and stay under-leveraged. It's often possible to save yourself out of bad trades if you have enough ammo. We are never alone in our trades, we move in crowds, use your own actions as hints and keep trading same instruments.
ma ma make me happy
  • #36,712
  • Jul 31, 2024 1:42pm Jul 31, 2024 1:42pm
Quoting Fardeen1209
{quote} Decide to let some buy with open TP. {image} Possibilty for price to unfold tonight. Not going to sell but position for more buys. Typical "buy the rumor sell the fact" FOMC. If that ceiling do not hold, saw a post we are going to 2700-2800. I second to it. Goldman Sachs still saying, gold will reach $2600
No spike down
More time in the market, does not mean you trade better!
  • #36,713
  • Jul 31, 2024 2:00pm Jul 31, 2024 2:00pm
Quoting dempire1
{quote} lol
LOL 2435

don't laugh to me Man . Just focus on my message Thanks

Do not adubt to me man
  • #36,714
  • Jul 31, 2024 2:10pm Jul 31, 2024 2:10pm
Quoting profits7
{quote} ___________ @steffile , sorry was NOT able to post this Earlier , still PLENTY MEAT on da Bone 4sure {image}
you are right again, thank you so much, Sir!
  • #36,715
  • Jul 31, 2024 2:24pm Jul 31, 2024 2:24pm
Quoting hanzohas
{quote} you asked same question yesterday. I gave you this answer: {quote} I also posted this chart same day: {image} Truth is no one really knows. Trade safe and stay under-leveraged. It's often possible to save yourself out of bad trades if you have enough ammo. We are never alone in our trades, we move in crowds, use your own actions as hints and keep trading same instruments.
True enough. I didnt follow ego. And manually cut my losses in the nick of time at 140 pips. Its monthly closure soon. Potential new ATH. Possibility of hitting 1000 pips loss if i dont close it now. Its 3am here and i woke up in time
Trading is very lonely
  • #36,716
  • Jul 31, 2024 2:26pm Jul 31, 2024 2:26pm
Looks like gold going for the challenge all time high set in July
average dude treading water
  • #36,717
  • Jul 31, 2024 2:29pm Jul 31, 2024 2:29pm
Shorts are again getting murdered. Why you guys all try to guess the top ..
  • #36,718
  • Jul 31, 2024 2:38pm Jul 31, 2024 2:38pm
Quoting ScalaFX
{quote} almost same reentry, Good luck
SL hit, waiting for reaction at 2450
People don't plan to lose. They lose because they don't plan.
  • #36,719
  • Jul 31, 2024 2:39pm Jul 31, 2024 2:39pm
Quoting steffile
{quote} you are right again, thank you so much, Sir!
____________ are you able to see TP3 on that chart ? its
Attached Image (click to enlarge)
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Don’t focus on making $$$, focus on protecting what you have.
  • #36,720
  • Jul 31, 2024 2:42pm Jul 31, 2024 2:42pm
Sell 2456
TP 2340
SL 2468
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