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  • #45,101
  • Sep 30, 2024 5:29am Sep 30, 2024 5:29am
UBS | Gold Raising the forecasts

- We raise our gold forecasts to USD 2,750/oz by end-2024 (from USD 2,600/oz, USD 2,850/oz by mid-2025 (from USD 2,700/oz, and USD 2,900/oz by end-3Q25 (from USD 2,750/oz).

- Gold has risen by 29% this year, consistently breaking records on the way up. Meanwhile, the metal has risen above our long-held year-end target of USD 2,600/oz ahead of schedule. And according to the World Gold Council, it has historically rallied as much as 10% in the six months after the first Fed cut.

- As such, we see even higher prices over the next 6-12 months, driven by greater investment demand alongside a drop in US real rates, a seasonal recovery in jewelry consumption, and ongoing central bank purchases. Overall, we recommend an allocation of around 5% to gold within a balanced USD portfolio and stay Most Preferred in our global asset allocation.
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DAC
  • #45,102
  • Sep 30, 2024 5:32am Sep 30, 2024 5:32am
Quoting dilidanjaro
Good morning 2632-2626 and 2600 probable bounce
2626 is close GM
...I Bet You Ain't Never Seen A Donkey Fly!
  • #45,103
  • Sep 30, 2024 5:32am Sep 30, 2024 5:32am
Quoting Vuki
{quote} That short is in the middle of a nothing zone for me. Do you know parts of his strategy to explain further?
his strategy from his posts is the 1min or 5min chart range few pip close and stop loss…. Agree in the middle of nothing zone well it was b4
  • #45,104
  • Sep 30, 2024 5:41am Sep 30, 2024 5:41am
Lower low last Friday and Lower high this Asia on H4, bears sure took that chance. But be careful, bulls could already prepare to move around 2636~2626.
  • #45,105
  • Sep 30, 2024 5:43am Sep 30, 2024 5:43am
Quoting Orand
short at : 2653.80 Sl : 2656.80(sl hit ) Tp : 2649.80 --------------------------- Short at : 2657.40 SL : 2661.40 TP : OPEN -------------------------- Add short : 2553.40 sl : 2657.4 Tp : 2651.4

Nice Catch !
  • #45,106
  • Sep 30, 2024 5:53am Sep 30, 2024 5:53am
Quoting dilidanjaro
{quote} 2626 is close GM
2635.11 is ADR and bottom of trend line channel on M30 and support...so a bounce here i think

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Its all just one persons opinion
  • #45,107
  • Sep 30, 2024 5:54am Sep 30, 2024 5:54am
Quoting Orand
short at : 2653.80 Sl : 2656.80(sl hit ) Tp : 2649.80 --------------------------- Short at : 2657.40 SL : 2661.40 TP : OPEN -------------------------- Add short : 2553.40 sl : 2657.4 Tp : 2651.4
close open positionat 2637
--------------
Enter long at 2637.40
Sl : 2633.40
Tp : 2642.40
  • #45,108
  • Sep 30, 2024 5:59am Sep 30, 2024 5:59am
Quoting Orand
{quote} close open positionat 2637 -------------- Enter long at 2637.40 Sl : 2633.40 Tp : 2642.40
selling pressure is strong
  • #45,109
  • Sep 30, 2024 6:04am Sep 30, 2024 6:04am
2630 is a good support for gold to stop the decline and go back up
TP 2643
TP 2650
TP 2660
TP 2670
TP 2680
Success is not final, failure is not fatal... - Winston Churchill
  • #45,110
  • Sep 30, 2024 6:04am Sep 30, 2024 6:04am
pending short 2644 tp: 2625
  • #45,111
  • Sep 30, 2024 6:05am Sep 30, 2024 6:05am
Quoting Interesting0
{quote} selling pressure is strong
you are correct , i was expect a bounce from 2635 , but jump too early (FOMO ) I thought bounce have happened and dont wanted to miss
  • #45,112
  • Sep 30, 2024 6:12am Sep 30, 2024 6:12am
Quoting buzzmert
{quote} Yes, I was thinking like you. but 2 weeks ago in this thread people was talking about 24xxs and today this is where we are at, many people have repeatedly stopped out, maybe even blown accounts. For a few days, I have noticed that people's expectations for shorts have dropped. 2670s was a price zone that I wanted for a long time. 2670s 2685 and 2710 are my partial shorting levels.
closed my first partial short from 2670, at 2635 which is the previous Monday's high. The second partial from 2684 will remain open.
BUZZ
  • #45,113
  • Sep 30, 2024 6:13am Sep 30, 2024 6:13am
Quoting Orand
{quote} you are correct , i was expect a bounce from 2635 , but jump too early (FOMO ) I thought bounce have happened and dont wanted to miss
I see it this way (no financial advise!): I will buy gold now, exit at 2644, and then sell down to 2620-2627, then buy for move up big.
  • #45,114
  • Sep 30, 2024 6:14am Sep 30, 2024 6:14am
Quoting Orand
{quote} you are correct , i was expect a bounce from 2635 , but jump too early (FOMO ) I thought bounce have happened and dont wanted to miss
maybe you will get the small correction
  • #45,115
  • Sep 30, 2024 6:21am Sep 30, 2024 6:21am
I am looking to short at 2650.
Trading is very lonely
  • #45,116
  • Sep 30, 2024 6:22am Sep 30, 2024 6:22am
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I call that a pinpointed prediction way in front, posted last week.
  • #45,117
  • Sep 30, 2024 6:25am Sep 30, 2024 6:25am
It seems we're going for Daily Support at 2630$. Next Support is waiting us at around 2590$ if Daily Support doesn't hold.

I still hold the opinion this is that retracement from the second Daily rally and we'll get one more rally marking new ATH after this retracement concludes.

However, Bears are slowly taking control of the H4 TF, but not entirely yet.
  • #45,118
  • Sep 30, 2024 6:32am Sep 30, 2024 6:32am
Quoting PushnPull
Lower low last Friday and Lower high this Asia on H4, bears sure took that chance. But be careful, bulls could already prepare to move around 2636~2626.
First buy limit triggered at 2636 (sl 2625). Change to smaller tf to see PA now.
  • #45,119
  • Sep 30, 2024 6:32am Sep 30, 2024 6:32am
Don’t know what’s going to happen with DX new month bounce back or fail and drop
  • #45,120
  • Sep 30, 2024 6:34am Sep 30, 2024 6:34am
Quoting Orand
{quote} you are correct , i was expect a bounce from 2635 , but jump too early (FOMO ) I thought bounce have happened and dont wanted to miss
was a good call after all
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