KREMLIN: THE SIGNAL TO THE WEST IS THAT THERE ARE CONSEQUENCES IF WESTERN COUNTRIES PARTICIPATE IN AN ATTACK ON RUSSIA WITH VARIOUS MEANS
KREMLIN: WE ARE AT AN UNPRECEDENTED CONFRONTATION
Gold is too expensive now, but the price keeps going up. I wonder who would buy at this price and for what reason?
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Central banks, hedge funds, smart investors. The reason is the safety of the Gold during the most uncertain times ever and because USD is rapidly losing it's purchasing power.
Again we're forgetting that the Fed started cutting rates (agressively) and times are as uncertain as ever. Even when the Fed started cutting rates in 2007. did the Gold continue to rally until March of 2008. and there were no wars then nor was inflation this high.
guys just give up on trying to catch the reversal GOLD is not for sale yet and when it is there will be confirmations at this time its only safe to buy from the dips theres still alot of momentum bulls are confident, the trend is your friend. i keep seeing Sl getting it on sell attempts stop being the market liquidity
Avoid shorting gold right now! It could go up to 2735-2744, or possibly drop below 2600. It's hard to predict, but the overall trend is strongly bullish. My bet is 2700+
For me, no more trading gold for now, only doing small scalps occasionally. My advice is to trade with a small percentage of your capital and always use a stop loss. If you don't use SL and rely on manually closing trades, you will end up over trading over-trading coz of your emotion and blowing your account — telling it from personal experience.
Keep an eye out for major news in the next 2 hours.
Avoid shorting gold right now! It could go up to 2735-2744, or possibly drop below 2600. It's hard to predict, but the overall trend is strongly bullish. My bet is 2700+ For me, no more trading gold for now, only doing small scalps occasionally. My advice is to trade with a small percentage of your capital and always use a stop loss. If you don't use SL and rely on manually closing trades, you will end up over trading over-trading coz of your emotion and blowing your account — telling it from personal experience. Keep an eye out for major news in...
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Gold should probably get close to 3000$ before any great sell starts taking place in my opinion, but we'll see... maybe then we'll get a sell below 2500$ and 2500$ will become a new bottom like 2000$ was.
{quote} Central banks, hedge funds, smart investors. The reason is the safety of the Gold during the most uncertain times ever and because USD is rapidly losing it's purchasing power. Again we're forgetting that the Fed started cutting rates (agressively) and times are as uncertain as ever. Even when the Fed started cutting rates in 2007. did the Gold continue to rally until March of 2008. and there were no wars then nor was inflation this high.
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While that is true, price entered a 6 week sideways range in November through December
However, Sellers have slowly but surely started to throw in the towel it seems.
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The worst desease you can catch in this market is letting your biases take over and trading based on what you think will happen instead of trading what’s actually happening
This is the second wave up on H4 after we broke 2530$ with the first one. This wave should be the strongest and then we should have a final third wave after retracement of this second wave comes and finishes and that third wave should come close to 3000$, but not go higher than that.
{quote} The worst desease you can catch in this market is letting your biases take over and trading based on what you think will happen instead of trading what’s actually happening
