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  • #44,481
  • Sep 25, 2024 10:22am Sep 25, 2024 10:22am
entering sell.. looking to break supp.
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  • #44,482
  • Sep 25, 2024 10:26am Sep 25, 2024 10:26am
Quoting Nordling
{quote} Yep that's right. Silver is heavily used for industrial purposes, not for investment purposes in contrast to Gold. That's why they are not fully correlated. Dow Jones being an industrial index show similarities between Silver. Nice point
and with the US manifacturing PMI falling month on month for last 3-6 months it could get ugly at some point. there is a trader called gatorinla on forexfactory. he will explain you better
  • #44,483
  • Sep 25, 2024 10:28am Sep 25, 2024 10:28am
DXY and 10 years rallying
  • #44,484
  • Sep 25, 2024 10:29am Sep 25, 2024 10:29am
short 2658.30 , 15 lots
vankiepsauff@gmail
  • #44,485
  • Sep 25, 2024 10:34am Sep 25, 2024 10:34am
H1 close above 2658.5$ should be considered Bullish for the Gold.
H1 close above 32$ should be considered Bullish for the Silver.

35$ should be a strong Resistance on the Silver if the price can manage to get there. I'd expect a couple of $ retracement from there.

Everything should continue to rally up until the US selections.

Tomorrow, the price of both Gold and Silver could potentially drop somewhat as the Silver is currently at the Daily Resistance are, so one or two red Daily candles are possible.
  • #44,486
  • Sep 25, 2024 10:34am Sep 25, 2024 10:34am
Quoting giveachance
{quote} and with the US manifacturing PMI falling month on month for last 3-6 months it could get ugly at some point. there is a trader called gatorinla on forexfactory. he will explain you better
I don't think Silver will go down unless a recession occurs. FED, ECB, PBoC are cutting rates fast, i don't see anything getting cheaper at this point.

Yeah PMI was a bad one for the economy, we can say Silver will underperform against Gold, but a fall to 25? We gotta see clear signs of recession in order for that to happen imho.
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  • #44,487
  • Sep 25, 2024 10:35am Sep 25, 2024 10:35am
Quoting Nordling
{quote} I don't think Silver will go down unless a recession occurs. FED, ECB, PBoC are cutting rates fast, i don't see anything getting cheaper at this point. Yeah PMI was a bad one for the economy, we can say Silver will underperform against Gold, but a fall to 25? We gotta see clear signs of recession in order for that to happen imho.
so recession wont happen. are you the only one in the entire world who does not think that. why do u think FED cut by 50 bps.
  • #44,488
  • Sep 25, 2024 10:36am Sep 25, 2024 10:36am
Quoting Nordling
{quote} I don't think Silver will go down unless a recession occurs. FED, ECB, PBoC are cutting rates fast, i don't see anything getting cheaper at this point. Yeah PMI was a bad one for the economy, we can say Silver will underperform against Gold, but a fall to 25? We gotta see clear signs of recession in order for that to happen imho.
shanghai index is at 2008 levels and even with the rate cut it is not helping chinese consumer. aussie dollar has stopped reacting to chinese cut. that says it all
  • #44,489
  • Sep 25, 2024 10:37am Sep 25, 2024 10:37am
Quoting vankiepsauff
short 2658.30 , 15 lots
sl ?
  • #44,490
  • Sep 25, 2024 10:43am Sep 25, 2024 10:43am
Quoting giveachance
{quote} so recession wont happen. are you the only one in the entire world who does not think that. why do u think FED cut by 50 bps.
I don't like to speak in absolutes. I never said recession "won't happen" it may happen. But we gotta see clear signs first.

China is in recession for a long time. It's been 2-3 years but it didn't spread. So before we see signs of recession in USA, it will be early to say a recession is coming.

Remember how the whole world except USA was in recession but spending of USA was enough to prevent it back in 2022.
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  • #44,491
  • Sep 25, 2024 10:44am Sep 25, 2024 10:44am
Still no alarm bells on the higher TFs.
DXY fighting to stay above 100.
  • #44,492
  • Sep 25, 2024 10:51am Sep 25, 2024 10:51am
gold 15min ... breakout level
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  • #44,493
  • Sep 25, 2024 10:52am Sep 25, 2024 10:52am
Quoting Whale
{quote} what is the source of this picture?
these are my maths level ... daily post it if u find useful use it
  • #44,494
  • Sep 25, 2024 10:57am Sep 25, 2024 10:57am
In the middle of US session, things are supposed to go very volatile, but PA has been so consistent in not making a lower low. Be carefull there, this could be a trap for early bears, whom sell double top.
  • #44,495
  • Sep 25, 2024 10:57am Sep 25, 2024 10:57am
Gold rallies to a new record high after US Consumer Confidence data falls well below expectations.
The data reinforces bets the Federal Reserve will have to take more drastic easing measures – a positive for Gold.
XAU/USD is overbought but rallying on all timeframes and, given “the trend is your friend,” it is likely to continue.
  • #44,496
  • Sep 25, 2024 11:02am Sep 25, 2024 11:02am
The biggest stimulus push since the Covid pandemic from the People’s Bank of China (PBoC) announced on Tuesday, including aggressive cuts to borrowing costs amongst a package of measures to inflate the flagging economy, also supported Gold’s rise.
We're really expecting more. 150 already in the Bank.
  • #44,497
  • Sep 25, 2024 11:02am Sep 25, 2024 11:02am
Quoting PushnPull
In the middle of US session, things are supposed to go very volatile, but PA has been so consistent in not making a lower low. Be carefull there, this could be a trap for early bears, whom sell double top.
Its just lunch times in US, volume gonna pick back up around 1/2 PM
  • #44,498
  • Sep 25, 2024 11:04am Sep 25, 2024 11:04am
Quoting SnakeDok
{quote} Its just lunch times in US, volume gonna pick back up around 1/2 PM
we should enjoy that too
  • #44,499
  • Sep 25, 2024 11:05am Sep 25, 2024 11:05am
Be careful, talks of a possible ground operation by Israel against Lebanon :
https://www.reuters.com/world/lebano...es-2024-09-25/
Just a Warning as when Israel started ground operation into Gaza after the Hamas attacks Gold pumped even harder
  • #44,500
  • Sep 25, 2024 11:22am Sep 25, 2024 11:22am
Quoting SnakeDok
Be careful, talks of a possible ground operation by Israel against Lebanon : https://www.reuters.com/world/lebano...es-2024-09-25/ Just a Warning as when Israel started ground operation into Gaza after the Hamas attacks Gold pumped even harder
guess that’s what’s supporting gold from dropping ……slow pace , very unlikely to be all out war with Iran or ground offensive they can easily just carry on as they are doing minimum loss high impact
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