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  • #42,581
  • Sep 13, 2024 12:39am Sep 13, 2024 12:39am
Quoting giveachance
{quote} no.. it wont go that low. definitely not this year but 140 can break
Give it a chance!
  • #42,582
  • Sep 13, 2024 12:41am Sep 13, 2024 12:41am
Quoting Silver-King
Added Shorts on the Silver at 30$ and a few Shorts on the Gold at 2569$. Let's go Whale!
if you are short on silver there is no way gold goes up. gold leads commodity chain. so if silver falls gold also falls. at the moment it is vice-versa. for bear market to begin in gold it has to fall min 40 dollars in a day and if uj remains so sluggish that is not happening
  • #42,583
  • Sep 13, 2024 12:43am Sep 13, 2024 12:43am
Quoting giveachance
{quote} if you are short on silver there is no way gold goes up. gold leads commodity chain. so if silver falls gold also falls. at the moment it is vice-versa. for bear market to begin in gold it has to fall min 40 dollars in a day and if uj remains so sluggish that is not happening
I didn't say if Gold goes up the Silver is going down? Of course, Gold is like a BitCoin, it leads everything else with it 95% of the times. This is definitely a Bull market, but I expect retracement to kick in that is why I'm Short now.

Also, let me be clear... I don't see the PMs dropping hard. Retracement only for now and then I Buy. Fed will deliver 50bps rate cut in my opinion and everything will go crazy. Gold should be on it's way towards 3000$... will it reach that price, I don't know and I don't care, however choosing the right trend is important. It's either 2350$ or 2750$ in my opinion soon.
  • #42,584
  • Sep 13, 2024 12:45am Sep 13, 2024 12:45am
another dip in uj and if this slugfest continues gold will end the day somewhere close to 2582
  • #42,585
  • Sep 13, 2024 12:46am Sep 13, 2024 12:46am
Quoting Silver-King
There's was no retracement to this rally, so bigger retracement is expected. Rallies that go up, then retracement, then up, then retracement can go on forever, but this kind of rally will provide a decent retracement in my opinion.
im really hoping for 2250 numbers again… it has to come down at some point. Its only rising and rising…
  • #42,586
  • Sep 13, 2024 12:47am Sep 13, 2024 12:47am
Quoting Whale
{quote} As long as price is above 2562 no reason to talk about bears.
having said that 1h cooking something.. i prefer to wait 3h more for 4h to close, better range.
  • #42,587
  • Sep 13, 2024 12:47am Sep 13, 2024 12:47am
Quoting Silver-King
{quote} I didn't say if Gold goes up the Silver is going down? Of course, Gold is like a BitCoin, it leads everything else with it 95% of the times. This is definitely a Bull market, but I expect retracement to kick in that is why I'm Short now.
what makes u think it is a bull market. it can be a long term trap set. will ppl hold gold in recession. I mean will ppl hold assets where they have huge profits in recession. think abt it. u bought nQ100 at 15000 . its at 19500 will u hold that during recession for it to come back to 16000. recession is coming. for sure its is happening. question is has gold factored in that

if gold drops to 2562 it is done for the day. we wont have a repeat like tomorrow where it rallied 50 dollars
  • #42,588
  • Sep 13, 2024 12:52am Sep 13, 2024 12:52am
Quoting ElCampeador
Next station 2570 perhaps, just perhaps.
Lucky again, maybe. Perhaps correction to aprox. 2530.
Then hold long till beggining of october.
The warrior of good
  • #42,589
  • Sep 13, 2024 12:52am Sep 13, 2024 12:52am
Quoting Scalper-N
{quote} im really hoping for 2250 numbers again… it has to come down at some point. Its only rising and rising…
no 2250 wont come in this month.. may be an october sell off but for that uj has to rally till 150-152
  • #42,590
  • Sep 13, 2024 12:54am Sep 13, 2024 12:54am
Quoting giveachance
{quote} what makes u think it is a bull market. it can be a long term trap set. will ppl hold gold in recession. I mean will ppl hold assets where they have huge profits in recession. think abt it. u bought nQ100 at 15000 . its at 19500 will u hold that during recession for it to come back to 16000. recession is coming. for sure its is happening. question is has gold factored in that
I believe it did price some chance of a recession. When recession hits (officially, for example Bank of America going down or whatever the trigger will be) stocks will start to collapse, game will change to risk-off and PMs will outperform everything. Sure, when yields spike probably everything will take a hit, however PMs will recover while the stock market will continue to tank rapidly. This is a definitive bull market on the PMs (higher highs, higher lows).

Everything will be sold in a depression that is coming (banks will have to liquidate Gold for liquidity haha), so the Gold will take a hit but it'll be short lived as what is coming is an hyper-inflationary depression and not an usual deflationary recession.
  • #42,591
  • Sep 13, 2024 12:55am Sep 13, 2024 12:55am
Quoting Scalper-N
{quote} im really hoping for 2250 numbers again… it has to come down at some point. Its only rising and rising…
2350$ is possible, but lower than that I don't know...
  • #42,592
  • Sep 13, 2024 12:57am Sep 13, 2024 12:57am
2569 is my last level to sell
risking 5% of profits
100 pips sl

On separate account I opened more shorts to keep.
We watch the charts from every angle so you don't have to!!
  • #42,593
  • Sep 13, 2024 12:58am Sep 13, 2024 12:58am
Quoting pedro319
2569 is my last level to sell
Sure. If this fails the Silver is going above it's Resistance and then I'll give up as well.

As long as the Silver doesn't go above the Resistance, we actually have a setup for 2350$ and 25$. Yes, we'd need a terrible sell-off, but it's still possible!

I know you don't follow Silver, but just glance at the Daily Silver chart and you could see potential M Pattern in play or the last Daily Sell was just a retracement of the last Daily Buy and this leg is going for the recent highs on the Silver above 31.5$ in my opinion.
  • #42,594
  • Sep 13, 2024 1:10am Sep 13, 2024 1:10am
Quoting Whale
{quote} No sign in the horizon. i will take the loss today 99% 2512.5 is the close that i need haha i was wrong at the previous post
I'm out of the scrapheap. We may have to wait too long for gold to rust.
In addition to my shorts, I also brought a pair of fishing longs with me so that it didn't make such a loud bang. Losses are still unpleasant.
Continue with Scalp now (where I always have SL) and only when the line is clear do I move on to the new swing.
I'm now in with a few small short attempts.
Congratulations to everyone who did well. Fun with new ideas for those who weren't on the sunny side this time
  • #42,595
  • Sep 13, 2024 1:12am Sep 13, 2024 1:12am
Silver retraced to 61.8% on the last Daily Buy which doesn't suggest a strong upwards momentum. Usually it retraces to 38.2% or 50% if we are talking about a strong upwards momentum. We'll see...
  • #42,596
  • Sep 13, 2024 1:15am Sep 13, 2024 1:15am
Quoting Js3mwtRc
{quote} I miss T's thread the most as its quieter now, but gold is the star for now! Waiting for a retrace and may share my view later!
Gold thread needs more Pro traders such as yourself, who respect the rules of financial markets and therefore apply stops.
Here nobody is using stop losses as you can see.
Long educational journey ahead for us here.
Cheers.
We watch the charts from every angle so you don't have to!!
  • #42,597
  • Sep 13, 2024 1:20am Sep 13, 2024 1:20am
Quoting pedro319
{quote} Gold thread needs more Pro traders such as yourself, who respect the rules of financial markets and therefore apply stops. Here nobody is using stop losses as you can see. Long educational journey ahead for us here. Cheers.
Hahahahahah
Abandon all hope those who enter here, for we don't use SL.
  • #42,598
  • Sep 13, 2024 1:21am Sep 13, 2024 1:21am
Hope you are doing good my friend.
I took you suggestion seriously to bet my farm and cows on longs. Thanks man
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  • #42,599
  • Sep 13, 2024 1:24am Sep 13, 2024 1:24am
Quoting pedro319
{quote} Gold thread needs more Pro traders such as yourself, who respect the rules of financial markets and therefore apply stops. Here nobody is using stop losses as you can see. Long educational journey ahead for us here. Cheers.
Stop is a way to protect the account so it have more chances to make money from fx, but new traders see it as a threat! Its best to have more opportunities rather take one wrong trade and boom!

Glad you like my presence here!
Looking for profitable short term trades ...|
  • #42,600
  • Sep 13, 2024 1:25am Sep 13, 2024 1:25am
Quoting pedro319
{quote} Gold Thread braucht mehr professionelle Händler wie Sie, die die Regeln der Finanzmärkte respektieren und daher Stop-Loss-Regeln anwenden. Wie Sie sehen, verwendet hier niemand Stop-Loss-Regeln. Hier liegt eine lange Lernreise vor uns. Prost.
Your divide and conquer chants are annoying. Do you always need a lackey to put on a pedestal to belittle others? We're great guys, the others are so pathetic. Not a good atmosphere
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