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  • #49,361
  • Oct 28, 2024 9:16am Oct 28, 2024 9:16am
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This is either going to the moon or its gonna dump hard shortly, this trend is pushed about as far as a trend can be pushed.
  • #49,362
  • Oct 28, 2024 9:19am Oct 28, 2024 9:19am
Quoting Neowarcloud
{image} This is either going to the moon or its gonna dump hard shortly, this trend is pushed about as far as a trend can be pushed.
It could continue to go up another 10000 pips mate. And then probably keep going.

it wouldn’t be the first time gravity is defied on an asset class & it won’t be the last.
Que Sera
  • #49,363
  • Oct 28, 2024 9:21am Oct 28, 2024 9:21am
Quoting michiyo
2727 buy. SL 200pips
closed manually. +160 pips. Seems some demons are stationed at 2744.
That's me done for the week.
  • #49,364
  • Oct 28, 2024 9:21am Oct 28, 2024 9:21am
Quoting Catempire
{quote} It could continue to go up another 10000 pips mate. And then probably keep going. it wouldn’t be the first time gravity is defied on an asset class & it won’t be the last.
Yes, why I said moon or dump and I'm talking like a $10 range, its only a 5 min chart.

Twas a bit hyperbole.
  • #49,365
  • Oct 28, 2024 9:22am Oct 28, 2024 9:22am
Quoting Catempire
{quote} It could continue to go up another 10000 pips mate. And then probably keep going. it wouldn’t be the first time gravity is defied on an asset class & it won’t be the last.
Could..So?
So what you suggest to do if it only could.
  • #49,366
  • Oct 28, 2024 9:26am Oct 28, 2024 9:26am
Gold situation , last leg up before probable failure top , careful!
https://www.forexfactory.com/thread/...5#post15042995
https://www.forexfactory.com/thread/...5#post15042225
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #49,367
  • Oct 28, 2024 9:27am Oct 28, 2024 9:27am
Quoting azhantahir
{quote} TP1: 2741 TP2: 2744 TP3: 2747 I'm DONE for today. {image}
Because of uncertainty, prices make a lot of probability for buyers. Is there another bearish sign for today?
Look right, we'll see the signs
  • #49,368
  • Oct 28, 2024 9:38am Oct 28, 2024 9:38am
[quote=Whale;15042991]{quote} Could..So? So what you suggest to do if it only could.[/quote

….

until there is a sure fired sign on the higher timeframe that it’s over, only short intraday & keep buying the dips ?
Que Sera
  • #49,369
  • Oct 28, 2024 9:41am Oct 28, 2024 9:41am
Quoting saal
2729 gold buy sl: 2724 tp1: 2736 tp2: 2738 tp3: 2740 tp4: 2742 tp5: 2744 tp6: 2746 tp6: 2748 tp6: 2750
tp1+tp2+tp3+tp4+tp5
Success is not final, failure is not fatal... - Winston Churchill
  • #49,370
  • Oct 28, 2024 9:51am Oct 28, 2024 9:51am
I do laugh when gold just walks the 5m 20 MA...always seemed to be its favourite LTF trend.
  • #49,371
  • Oct 28, 2024 9:52am Oct 28, 2024 9:52am
Quoting Catempire
{quote} I think we try for new highs today. lets see.
it’s coming
Que Sera
  • #49,372
  • Oct 28, 2024 9:53am Oct 28, 2024 9:53am
Quoting Catempire
{quote} SL moved to 2738.4 +910 and I’ll leave it to run until it gets taken or we try the top.
SL moved to 2743.2

c+1400
Que Sera
  • #49,373
  • Oct 28, 2024 9:55am Oct 28, 2024 9:55am
If gold going to fall its mostly because of tomorrow’s consumer confidence report. https://www.goldpriceforecast.com/ex...r%20confidence.

Better buying opportunities if it falls…
How to succeed in zero sum game?
  • #49,374
  • Oct 28, 2024 10:01am Oct 28, 2024 10:01am
Quoting dempire1
If gold going to fall its mostly because of tomorrow’s consumer confidence report. https://www.goldpriceforecast.com/ex...r%20confidence. Better buying opportunities if it falls…
Gold may not fall because of such data. It will take more than that.
  • #49,375
  • Oct 28, 2024 10:06am Oct 28, 2024 10:06am
just like i said for the EURUSD, the most likely is a range waiting for Nov 5th results.
  • #49,376
  • Oct 28, 2024 10:15am Oct 28, 2024 10:15am
Quoting Mitiblotch
{quote} Gold may not fall because of such data. It will take more than that.
https://www.sciencedirect.com/scienc...64999316300256

You can read it from here. To sum up:”
On the whole, we discover reasonable evidence that consumer prices predict gold price returns”.

Empirical. Read for yourself. Gold will react to it’s data. Up or down is not up to me.
How to succeed in zero sum game?
  • #49,377
  • Oct 28, 2024 10:23am Oct 28, 2024 10:23am
Quoting dempire1
{quote} https://www.sciencedirect.com/scienc...64999316300256 You can read it from here. To sum up:” On the whole, we discover reasonable evidence that consumer prices predict gold price returns”. Empirical. Read for yourself. Gold will react to it’s data. Up or down is not up to me.
You may be right. I was only referring to the "fall" as you suggested. I'm actually holding shorts. However, what's happening to gold is currently beyond consumer confidence data. I still expect it to fall based on TA.
  • #49,378
  • Oct 28, 2024 10:32am Oct 28, 2024 10:32am
Quoting azhantahir
{quote} Because of uncertainty, prices make a lot of probability for buyers. Is there another bearish sign for today?
Sell proposal as below. Trade safe
HTF: TFH4/M15
Targeting: Swing Low
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Look right, we'll see the signs
  • #49,379
  • Oct 28, 2024 10:37am Oct 28, 2024 10:37am
Quoting Catempire
{quote} it’s coming
PA is seriously looking like a sell, but I will sit it out.
  • #49,380
  • Oct 28, 2024 10:48am Oct 28, 2024 10:48am
Quoting michiyo
{quote} PA is seriously looking like a sell, but I will sit it out.
Agree, but there is some wicked buy pressure...

How often does the buys take the elevator and the sells take the stairs?
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