Attachments: Gold

Gold

#51,321
Nov 12, 2024 4:44am Nov 12, 2024 4:44am

imhere23
| Joined Jul 2023 | Status: Trader | 115 Posts

i´m looking for 2585 retest .. and than i will be thinking about putting buy targeting 2650-2655
any thoughts ?

No emotions

#51,322
Nov 12, 2024 4:48am Nov 12, 2024 4:48am

PatienceFx
Joined Jun 2013 | Status: enjoying life | 23,848 Posts | Online Now

A strong data can drop gold

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#51,323
Nov 12, 2024 4:53am Nov 12, 2024 4:53am

Haks
| Joined Jan 2023 | Status: Trader | 482 Posts

Quoting Haks

Disliked

{quote} True. I’m in now at 2590. Hoping to TP at 2600. Needs a decent retracement at least. Let’s see how it plays out.

Ignored

Getting closer

#51,324
Nov 12, 2024 5:04am Nov 12, 2024 5:04am

MrFanciful
Joined Mar 2021 | Status: Trader | 2,976 Posts

This is just the euphoria from the election result obviously. However, whether you're for or against him, Trump won't solve the economic problems. Debt is still going to soar, probably more so, deficits will increase and he might even increase the weaponization of the dollar, which will increase other countries desire to move away from it.

I've been one of his supporters since 2015, this time mostly on the cultural issues, but the situation is very different than it was almost a decade ago and I think this market reaction is no way indicative of a change in long term trends. I'm seeing this fall of gold (dollar rise), as akin to the fall in gold after Lehman Brothers collapsed. When that happened, gold fell and made a new low, and then went into a big bull market that lasts until 2011.

#51,325
Nov 12, 2024 5:28am Nov 12, 2024 5:28am

shay14
| Joined Mar 2014 | Status: Trader | 1,045 Posts

Quoting shay14

Disliked

A sell is good but not now, i rather wait for a fat retrace to maybe 2630-2650 then shorting it to oblivion but knowing me i will probably pull the trigger too early.

Ignored

ahhh missed it

#51,326
Nov 12, 2024 5:32am Nov 12, 2024 5:32am

Praetorion
Joined Mar 2021 | Status: Trader | 1,183 Posts

Quoting MrFanciful

Disliked

This is just the euphoria from the election result obviously. However, whether you're for or against him, Trump won't solve the economic problems. Debt is still going to soar, probably more so, deficits will increase and he might even increase the weaponization of the dollar, which will increase other countries desire to move away from it. I've been one of his supporters since 2015, this time mostly on the cultural issues, but the situation is very different than it was almost a decade ago and I think this market reaction is no way indicative of...

Ignored

This drop is due two main reasons .. Fed dropping 25 basis points and Elections.. the saying goes buy the rumor sell the fact, well we are dealing with Sell the Fact now.. If you look at Cots .. you will see there has been a shift from longs to shorts right from Mid Oct or so.. esp. in the last leg run .. I've highlighted that in yellow .. Also it is known the first year of any change in Govt will keep economic conditions strained.. we all come from different parts of the world and Change in Govts you wont see instant changes.. it will be gradual .. and a guy like trump will pass the blame on Biden Admin. its as easy as that for him.... Also tighter monetary policy gives way to collapse of mid sized banks.. like what happened with SVB.. Big Banks will acquire small banks .. its a dog eat / dog shit world my friend ..

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Candlesticks dont move markets, Volume does

#51,327
Nov 12, 2024 5:32am Nov 12, 2024 5:32am

Antikyx
| Joined Nov 2024 | Status: Trader | 15 Posts

Quoting Antikyx

Disliked

I'm waiting for the buy opportunity maybe at 2610 - 2580 lets wait and see

Ignored

Hey everyone, quick update! We hit the area I’ve been watching. I’m waiting on a solid confirmation before going long, but if the price breaks through this level, I’ll switch gears and consider a short position for a bit.

#51,328
Nov 12, 2024 6:04am Nov 12, 2024 6:04am