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  • #78,341
  • Jun 3, 2025 11:56pm Jun 3, 2025 11:56pm
Quoting Ced74
I do not post very often these days but did post several charts last week. Just keep it simple....Trading Gold has changed these days so one needs to adapt, Currently up over 100 pips and may take profit....A bird in the hand is better than two in the bush. R {image}
It depends on your method or system. As has been repeatedly said, if you have a system and rules, follow them. If your approach is opportunistic and considers 100 pips as a good and sufficient profit, then take it.
fooled by randomness in art
Meditation All Time Return: 8.9%
  • #78,342
  • Jun 4, 2025 12:02am Jun 4, 2025 12:02am
We should be selling gold guys! What do u think
  • #78,343
  • Jun 4, 2025 12:04am Jun 4, 2025 12:04am
Short TP 3305 ish
  • #78,344
  • Edited 12:32am Jun 4, 2025 12:14am | Edited 12:32am
Update to post 78340.
Taken profit at daily open ....less than 60 minutes to Frankfurt open and there are 2 news events to-night.
One can not loose taking profit consistantly and if that is only 20 pips etc so be it .....The point is not of be one of the 95 %
I sit and wait for an opportunity and this may take many hours....Certainly not opportunistic as posted above but then I have doing this since the Dark Ages, not that means anything these days.....With all the world events these days gold can move up or down very quickly.
Gold continues down and that is fine with me ....I will now wait for another opportunity......My target is to win every day.
R
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Ronnie Renko
  • #78,345
  • Jun 4, 2025 12:25am Jun 4, 2025 12:25am
Quoting bucko23
Short TP 3305 ish
Inserted Video
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  • #78,346
  • Jun 4, 2025 12:28am Jun 4, 2025 12:28am
Quoting Erebus
{quote} Let ask my A.I. Friend... Great question, John! The U.S. Consumer Price Index (CPI) measures inflation by tracking the price changes of a basket of goods and services. Its impact on the USD and Gold follows this general pattern: CPI & USD: If CPI is higher than expected, it signals rising inflation. The Federal Reserve may respond by tightening monetary policy (raising interest rates), making the USD stronger because higher rates attract investors seeking better yields. If CPI is lower than expected, it suggests cooling inflation. The Fed...
Thats only half of the picture.
CPI on its own is a great indicator, but do not show the true picture and market reaction is what happening to the data in question or more particular in which economic environment.

For educational purpose, lets dive in.

FED mandate is dual : Price stability and Full Employment.
If CPI is rising with resilience labour market ( showing good GDP strength- healthy economy => Funds fly to stock) : USD rising = GOLD down.

If CPI rising with weak or falling Lbr market (illustrating weak growth strength): USD falls on 'GOOD CPI' = GOLD will eventually rose (even if it does not spike right on the data release- safe haven demand)

If CPI rise with already -ve GDP figures (and/or contracting LBR market) : USD Falls , GOLD rise right on the data release (indicating Stagflation)

Not relating to CPI topic, but correlation between USD and GOLD

In the case of geopolitic risks
Both DOllar and GOLD may rise together.
However, with the anticipated debt crisis, majority are avoiding dollar denominated assets (Treasuries, T bills...), other nations buy XAU/yuan, XAU/eur, XAU/aed, XAU/hkd, XAU/aud ...
Demand for XAU rose based on other currency.

A case where both dollar and GOLD may fall together.
May happen in expansion phase of economic cycle.
With FED QE already in place, GDP figures in green while CPI is below 2% (below FED target)
The increasing money supply cause Dollar to fall.
While Gold as an asset does not yield anything, investors buy stocks. No one would want Gold, Demand for gold faded.
Those who were already positioned in Gold, will start liquidating and increase their exposure to stocks as stock market will booming.

Hope my little post make you understand a bit more, and the fundamental always turn around this scenarios. When the probability of one event exceeds that of the other, the outcome become more obvious, then we can capitalise on it.

P/S:
Many economists are anticipating FED need to start QE in sept, to finance the govt. Want to see how this will play out.
No more engagement as from today.
  • #78,347
  • Jun 4, 2025 12:37am Jun 4, 2025 12:37am
Quoting Ced74
I do not post very often these days but did post several charts last week. Just keep it simple....Trading Gold has changed these days so one needs to adapt and be patient....Just my Humble opinion. Currently up over 100 pips and may take profit....A bird in the hand is better than two in the bush. R {image}
What has changed in trading gold these days? Are you saying strategies that work in the past no longer work these days? Would love to hear your elaboration.
  • #78,348
  • Jun 4, 2025 12:41am Jun 4, 2025 12:41am
bulls time to buy ,bears have reached the target 3347.90 (from bears scenario)
bulls target 3370.66 due to bulls scenario tf h1 and tf h4
The Average Discount Everything
  • #78,349
  • Jun 4, 2025 12:43am Jun 4, 2025 12:43am
Quoting hesron
bulls time to buy ,bears have reached the target 3347.90
let's go bulls. 3350 was tested again.

Lift off.
  • #78,350
  • Jun 4, 2025 12:52am Jun 4, 2025 12:52am
Quoting hesron
bulls time to buy ,bears have reached the target 3347.90 (from bears scenario) bulls target 3370.66 due to bulls scenario tf h1 and tf h4
it’s not a good idea to be buying now, there’s lots of gaps Down it’s likely price algorithm will keep supporting a bearish move
  • #78,351
  • Jun 4, 2025 1:00am Jun 4, 2025 1:00am
Quoting przfx
{quote} What has changed in trading gold these days? Are you saying strategies that work in the past no longer work these days? Would love to hear your elaboration.
I am only a forex layman but i can only post my personal experiences.....Sure many systems from old may still work but look at what has happened over the past several years etc re news ....with war conflicts,plus covid etc in various parts of the world and Mr. Trump...When sudden events take place many indicators become worthless and folks lose money but Hey what do I know.
I just plod along.
Keep safe.
Ron
Ronnie Renko
  • #78,352
  • Jun 4, 2025 1:05am Jun 4, 2025 1:05am
Quoting RoelsMajor
{quote} Hit BE+. Strong rejection after a 175 pips gain. Possibly some stop hunting. Possibly more bearish now. I'll take another look after the London Open. {image}
Maybe leaning more towards Bears now, but will assess the conditions after the London Open. Many have already started Shorting (Raising Sell positions). The Range Ladder has started to show stairsteps to Earth. Lol
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fooled by randomness in art
Meditation All Time Return: 8.9%
  • #78,353
  • Edited 1:23am Jun 4, 2025 1:07am | Edited 1:23am
waiting for reaction at 3344 and 39/ to bottom test ! while eurusd signalling breaks down at 1363 for 37/13 and gbpusd waiting for 3490 testbreaks if . then gold may even hold 3344 and new low possible
usdx likely bounce continue for 99.56 to 80 before resistance next !
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #78,354
  • Edited 1:26am Jun 4, 2025 1:15am | Edited 1:26am
buyer and seller still fight ..... and make new range
if bulls win in the battle then 3370 again
if bears win in the battle then 3329
Only smart money can move prices.
The Average Discount Everything
  • #78,355
  • Jun 4, 2025 1:27am Jun 4, 2025 1:27am
$Gold should break & close above 3380 for the bull run
WaBaS Where are Buyers and Sellers
  • #78,356
  • Jun 4, 2025 1:30am Jun 4, 2025 1:30am
Quoting mr.brown
$Gold should break & close above 3380 for the bull run
Ukraine-Russia conflict is the actual fundamental background; any good/bad news will harshly effect
WaBaS Where are Buyers and Sellers
  • #78,357
  • Jun 4, 2025 1:30am Jun 4, 2025 1:30am
Gold is back to where I took my Sell trade profit...Only 32 minutes to London open with NY to come with news so Gold may be a mystery at this point in time.
Bloody Hell where is my Crystal Ball.
Ronnie Renko
  • #78,358
  • Jun 4, 2025 1:33am Jun 4, 2025 1:33am
Quoting Ced74
{quote} I am only a forex layman but i can only post my personal experiences.....Sure many systems from old may still work but look at what has happened over the past several years etc re news ....with war conflicts,plus covid etc in various parts of the world and Mr. Trump...When sudden events take place many indicators become worthless and folks lose money but Hey what do I know. I just plod along. Keep safe. Ron
Got it! Thanks Ron for elaborating!
  • #78,359
  • Jun 4, 2025 1:36am Jun 4, 2025 1:36am
Quoting EqKai7
{quote} In Asia Session price deep again inside the zone decide to entry 1% from SL and its flyzzz {image} {image}
BE + ... and entry again same zone
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DYOR & risk it smart ... not my call.
  • #78,360
  • Jun 4, 2025 1:37am Jun 4, 2025 1:37am
Quoting Ced74
Gold is back to where I took my Sell trade profit...Only 32 minutes to London open with NY to come with news so Gold may be a mystery at this point in time. Bloody Hell where is my Crystal Ball.
Isn't it 9am UK when London opens?

Just confused. Might be wrong
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