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  • #44,001
  • Sep 23, 2024 8:53am Sep 23, 2024 8:53am
US services drive sustained robust economic upturn in September, but optimism wanes and prices rise at faster rate

Exactly... stagflation.

Or... hyper-inflationary depression.
  • #44,002
  • Sep 23, 2024 8:53am Sep 23, 2024 8:53am
Quoting Silver-King
{quote} So no posting anymore I imagine...

you can go to his room in the commercial section and interact with him and his subscribers but he cant come in here
short trump and go long the deepstate
  • #44,003
  • Sep 23, 2024 8:53am Sep 23, 2024 8:53am
One more time, we will disintegrate the sellers.
If someone had his MM is place, even when market is reversing against him now, either he already covered partial of his risks, or SL at B/e or cover his whole risk.
Trade safe guys.
Each day a new day, yet the market seems to remember that the structure is not yet broken.
More time in the market, does not mean you trade better!
  • #44,004
  • Sep 23, 2024 8:53am Sep 23, 2024 8:53am
Quoting luckytujuh
{quote} Because comex just open. Sometimes when there is a pullback. Thats when the trap begins. Out of sudden price range slowly and pop again and again. It will pop again. Advise to off trade for today. Get a clearer direction of todays closure. See the liquidity created by the gaps of the wicks
Comex opens at 8.20 NY time, NYSE you mean i guess that opens at 9.30
  • #44,005
  • Sep 23, 2024 8:53am Sep 23, 2024 8:53am
Quoting giveachance
markets will like this services PMI number. gold ideally should not rally now but gold is gold and if market wants 2646 today it will get it
I don't believe so. The number was too ugly to be exciting
  • #44,006
  • Sep 23, 2024 8:54am Sep 23, 2024 8:54am
Quoting giveachance
this is really looking for bad for bears now. like someone said I too agree it wont fall till NFP
NFP will be short-lived as well in my opinion. The major news like NFP and CPI will probably be used to bring the price down, but only temporarily. Gold's going much higher it seems, until proven otherwise.
  • #44,007
  • Sep 23, 2024 8:55am Sep 23, 2024 8:55am
Quoting Zebi
{quote} you can go to his room in the commercial section and interact with him and his subscribers but he cant come in here
Aha... thanks for explaining!
  • #44,008
  • Sep 23, 2024 8:56am Sep 23, 2024 8:56am
Quoting SnakeDok
The fact that this is not shooting up is sus as hell Oh well there it goes ^^
If you care to look back. It's been shooting down and grinding up for a while now.
Don't mind me.. i'm crazy
  • #44,009
  • Sep 23, 2024 8:58am Sep 23, 2024 8:58am
We are almost at 2636, then a retracement, and I assume up to 2650...
  • #44,010
  • Sep 23, 2024 8:58am Sep 23, 2024 8:58am
One thing I need to mention here... when we get close to the highs, they will destroy bears patience first and will only then start crashing the price down. This will probably be a daily or weekly range once we get near the top. Or perhaps, we'll get the sell after all the bears are dead and buried.
  • #44,011
  • Sep 23, 2024 9:00am Sep 23, 2024 9:00am
short at 2632.50
Sl : 2636.50
Tp : 2624
  • #44,012
  • Sep 23, 2024 9:00am Sep 23, 2024 9:00am
Quoting Mktnewews
{quote} Well, Great! What's next level for gold could be? There are a bunch of news from Israel and Fed like ISRAELI PM NETANYAHU DECLARES COMMITMENT TO SHIFTING NORTHERN POWER BALANCE IRAN CAUTIONS ABOUT SEVERE REPERCUSSIONS OF ISRAELI AIRSTRIKES Fed: FED'S KASHKARI: JOB MARKET ROBUST, AIM TO MAINTAIN IT KASHKARI: PROJECTED 50 BASIS POINTS' ADDITIONAL CUTS IN 2024 KASHKARI: MONETARY POLICY REMAINS RESTRICTIVE KASHKARI: ANTICIPATES MORE MODEST MOVES AHEAD FOR FED BOSTIC: JOB MARKET IS SOFTENING BUT NOT SOFT BOSTIC: ECONOMY STABILIZING FASTER THAN...
Next price for the Gold? I have got no clue... probably higher, but how much higher I seriously do not know like almost nobody else here on this forum.
  • #44,013
  • Sep 23, 2024 9:01am Sep 23, 2024 9:01am
Quoting Orand
short at 2632.50 Sl : 2636.50 Tp : 2624

You must have balls of steel to do that...

Like the market has really a chance of 99.9% to take this 2633 top!!!
  • #44,014
  • Sep 23, 2024 9:02am Sep 23, 2024 9:02am
Quoting Silver-King
One thing I need to mention here... when we get close to the highs, they will destroy bears patience first and will only then start crashing the price down. This will probably be a daily or weekly range once we get near the top. Or perhaps, we'll get the sell after all the bears are dead and buried.
A lot of my peers, social circle and trading friends have lost money, huuuuge money trying to short these highs.

I urge everyone to be patient, the mother of all shorts will come but be patient, like you said it will come when you least expect it when no one wants to touch the sell button no more! Wait for higher time frame confirmations, even the daily confirmation is not confirmation enough with gold now!

Shorting this ain't trying to catch a falling knife, its like trying to catch a falling bus you will get wrecked lol.

The trend is your friend until it ends and this trend aint at the end!
  • #44,015
  • Sep 23, 2024 9:03am Sep 23, 2024 9:03am
Quoting Silver-King
One thing I need to mention here... when we get close to the highs, they will destroy bears patience first and will only then start crashing the price down. This will probably be a daily or weekly range once we get near the top. Or perhaps, we'll get the sell after all the bears are dead and buried.
Yes, typical
  • #44,016
  • Sep 23, 2024 9:03am Sep 23, 2024 9:03am
Quoting Silver-King
{quote} Next price for the Gold? I have got no clue... probably higher, but how much higher I seriously do not know like almost nobody else here on this forum.
Trend lines and fib extensions can give a pretty idea of future price range, use it cautiously though and always buy at support with proper MM.

Or listen to what lucky said, best advice -

Quoting luckytujuh
{quote} Because comex just open. Sometimes when there is a pullback. Thats when the trap begins. Out of sudden price range slowly and pop again and again. It will pop again. Advise to off trade for today. Get a clearer direction of todays closure. See the liquidity created by the gaps of the wicks
  • #44,017
  • Sep 23, 2024 9:04am Sep 23, 2024 9:04am
Quoting Silver-King
{quote} So no posting anymore I imagine...
I dont know how it works. I just know that was the place Simba wasnt allowed to go on the Lion King.
TechKnow
  • #44,018
  • Sep 23, 2024 9:12am Sep 23, 2024 9:12am
Quoting luckytujuh
{quote} Because comex just open. Sometimes when there is a pullback. Thats when the trap begins. Out of sudden price range slowly and pop again and again. It will pop again. Advise to off trade for today. Get a clearer direction of todays closure. See the liquidity created by the gaps of the wicks
Hi mate any good book you would recommend about trading futures.
More time in the market, does not mean you trade better!
  • #44,019
  • Sep 23, 2024 9:14am Sep 23, 2024 9:14am
I'm short here and i will add at 2636 Sl 50 pips fot both
...I Bet You Ain't Never Seen A Donkey Fly!
  • #44,020
  • Sep 23, 2024 9:18am Sep 23, 2024 9:18am
Quoting Silver-King
{quote} Next price for the Gold? I have got no clue... probably higher, but how much higher I seriously do not know like almost nobody else here on this forum.
No one can really analyse the market for a next high price except using some kinde of abc pattern or fibs. but these alone never helped anyone. Fibs and trendlines always have to be combined with other confluences, they just dont work out of the box.

The best thing to do is wait for a clearer market picture or trade from lower setups. there is not enough structure at the moment to predict aything from it.
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