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Make More Money - Eliminate DRAMA 11 replies

Just posting my trades, everyone is welcome but no drama 2 replies

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Gold with No Drama

  • #58,541
  • Edited Jun 20, 3:19am Jun 19, 11:40pm (10 hr ago) | Edited Jun 20, 3:19am
Quoting ElCampeador
{quote} There are always two possibilities, bullish and bearish. If it falls below 4,200 at a specific level and holds then we have a bullish scenario that would take us above 6.350. If not, my calculations for this particular pattern will have failed.
Hello. I would like to correct this prediction. If gold had supported 4,169 it would have reached 6xxx and since it did not, gold remains bearish. The support that comes first is at approximately 3,550. Next we will see it bounce to around 4,210 to finally go down to approximately 1,710. These are the Major turning points as i see it.

Edited. 4210 not 4310
Soy el Patron
  • #58,542
  • Jun 19, 11:56pm (10 hr ago) Jun 19, 11:56pm (10 hr ago)
Quoting PixelAura
{quote} Yes,like someone predicted July second week will be top, I assume $4540-$4752 would be next LH on weekly timeframe $4152 Monthly Candle Support 2,closing near to it ,can bounce on monday if rejected Or it would bleed to $3945
Exactly, by quarterly we migh had seen the botton zone already or see a little more push.
Then new quarter and new story to unfold, but clear expected some kind of retracement if we go even lower.
Where 3792 is what i think the best liquidity zone for the shift near price at the moment unless they build new one and obvious they can.
Fresh in bullish side at 4773.
  • #58,543
  • Jun 20, 2:01am (8 hr ago) Jun 20, 2:01am (8 hr ago)
Quoting ElCampeador
{quote} Hello. I would like to correct this prediction. If gold had supported 4,169 it would have reached 6xxx and since it did not, gold remains bearish. The support that comes first is at approximately 3,550. Next we will see it bounce to around 4,310 to finally go down to approximately 1,710. These are the Major turning points as i see it.
1710 was a huge gap 5 yrs ago that never came back to tap it imagine that
average dude treading water
  • #58,544
  • Jun 20, 2:57am (7 hr ago) Jun 20, 2:57am (7 hr ago)
Quoting ElCampeador
{quote} Hello. I would like to correct this prediction. If gold had supported 4,169 it would have reached 6xxx and since it did not, gold remains bearish. The support that comes first is at approximately 3,550. Next we will see it bounce to around 4,310 to finally go down to approximately 1,710. These are the Major turning points as i see it.
i would definitely buy 3550 if we hit that. i have not sold 4330 which I should have
  • #58,545
  • Jun 20, 3:10am (7 hr ago) Jun 20, 3:10am (7 hr ago)
Quoting MIKKI
{quote} 1710 was a huge gap 5 yrs ago that never came back to tap it imagine that
Soy el Patron
  • #58,546
  • Jun 20, 3:11am (7 hr ago) Jun 20, 3:11am (7 hr ago)
Quoting giveachance
{quote} i would definitely buy 3550 if we hit that. i have not sold 4330 which I should have
Soy el Patron
  • #58,547
  • Jun 20, 3:18am (6 hr ago) Jun 20, 3:18am (6 hr ago)
Quoting MIKKI
{quote} 1710 was a huge gap 5 yrs ago that never came back to tap it imagine that
I made typing mistake. 4210 not 4310. Apoligies.
Soy el Patron
  • #58,548
  • Jun 20, 3:19am (6 hr ago) Jun 20, 3:19am (6 hr ago)
Quoting giveachance
{quote} i would definitely buy 3550 if we hit that. i have not sold 4330 which I should have
I made typing mistake. 4210 not 4310. Apoligies.
Soy el Patron
  • #58,549
  • Jun 20, 7:13am (3 hr ago) Jun 20, 7:13am (3 hr ago)
Quoting ElCampeador
{quote} I made typing mistake. 4210 not 4310. Apoligies.
i made a reading mistake too , i read it as 5300, my mistake
  • #58,550
  • Jun 20, 8:12am (2 hr 2 min ago) Jun 20, 8:12am (2 hr 2 min ago)
Happy Weekend, Fellow Gold Traders!

Weekly Outlook: Still seeing accelerating downtrend on the weekly chart. So expecting continued bearish moves. There will be some bounces, but overall, expecting a continuation downward.

As such, will be ready for a flush.

Mondays have so far this season seen the biggest moves, on average. Followed by Wednesdays. If a big move comes, those are likely to be the days, however, anything can happen, of course.

Also, Friday will be a big options expiry day. We may see a trend day at the end of the week, or alternatively, an excellent scalping volatile Friday.

Historically the end of June has seen big moves as the quarter ends, hedge funds rebalance, options expire, and we head into summer.

Based on this seasonality my thoughts are gold will flush to the end of the month and then start a slow grind up over the summer months, depending on macro events, oil prices, and if any ridiculous wars start up, Israel, Russia, Iran, etc., bubbling cauldron of uncertainty there.

An interesting aside is how historically gold has been a hedge against uncertainty but during these recent conflicts the opposite has happened. And so, price action is the way to go. Its become more of a risk asset than a hedge. Perhaps the AI/Tech has been where all of this capital has gone, and the next 'push' up will come when that bubble bursts.

Given that essentially none of the AI corps are profitable yet, and the macro productivity levels have not really shown any improvement with all of this AI capex, no doubt there will be a major shakeout at some point with capital outflows.

My guess is this is where the capital from oil has gone, as I expected more of a push up on Gold when oil crashed. But, it all went into SpaceX - another unprofitable company.

And so to finalize this, I am continually impressed with the enormous ability of unprofitable companies to vacuum capital from the market. This goes against so much fundamental analysis. Bubbles always burst however. We shall see! Its a fun ride.

Get rich, or have fun trying!
... the True North, Strong and Free
  • #58,551
  • Jun 20, 9:14am (59 min ago) Jun 20, 9:14am (59 min ago)
Quoting mysticcanada
Happy Weekend, Fellow Gold Traders! Weekly Outlook: Still seeing accelerating downtrend on the weekly chart. So expecting continued bearish moves. There will be some bounces, but overall, expecting a continuation downward. As such, will be ready for a flush. Mondays have so far this season seen the biggest moves, on average. Followed by Wednesdays. If a big move comes, those are likely to be the days, however, anything can happen, of course. Also, Friday will be a big options expiry day. We may see a trend day at the end of the week, or alternatively,...
When there is a conflict of this kind, gold rises but I see that you put all the emphasis on the war. We, the population, are nobodies and lack real information. Nowadays, visual simulations, for example on television and especially with artificial intelligence, can seem truthful. Not only the images but the narrative can be controlled by artificial intelligence. We make the gentlemen at the top of the pyramid uncomfortable. As they explain, we use their resources when they are so necessary and with the technology that is coming we are no longer so necessary and especially if we have to collect pensions. I propose another perspective that would be more in line with the behavior of gold, what if this war did not exist and everything was a lie? Did you know that the entire world population fits comfortably in a country like Argentina?
Soy el Patron
  • #58,552
  • Jun 20, 9:24am (49 min ago) Jun 20, 9:24am (49 min ago)
Quoting ElCampeador
{quote} When there is a conflict of this kind, gold rises but I see that you put all the emphasis on the war. We, the population, are nobodies and lack real information. Nowadays, visual simulations, for example on television and especially with artificial intelligence, can seem truthful. Not only the images but the narrative can be controlled by artificial intelligence. We make the gentlemen at the top of the pyramid uncomfortable. As they explain, we use their resources when they are so necessary and with the technology that is coming we are no...
Now we get into philosophy.

I for one am not a conspiracy theorist, people act in their self-interest, and the rich are really no different as people than us, only acting in their self-interest.

Everything has always been a lie, depending on how you look at it.

There are lifeless truths, and vital lies.

People live their entire lives in lies, they worship lies, they kill for lies.
"You want the truth?! You can't handle the truth."

But ultimately, the price is the truth, as far as we as traders are concerned. There are no lies here. Only the price.
... the True North, Strong and Free
  • #58,553
  • Jun 20, 9:42am (31 min ago) Jun 20, 9:42am (31 min ago)
Strait is closed again... FF forgot to red badge it.
Wait, they even forgot to post it.
  • #58,554
  • Jun 20, 9:47am (27 min ago) Jun 20, 9:47am (27 min ago)
Quoting MIKKI
{quote} 1710 was a huge gap 5 yrs ago that never came back to tap it imagine that
Impossible for price go reach that price again.

However this is absolutely a possibility something I'm keeping my eye out.

I personally think the targeted move has not been completed yet.

Expecting a pullback to 4258-4300 before a further fall surpassing 4020.

This will of course take some time and won't happen within a week. Stay patient, the chart tells us Information. Combine this with current world economics and you can make good probable assumptions.
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  • #58,555
  • Last Post: Jun 20, 9:56am (17 min ago) Jun 20, 9:56am (17 min ago)
The Strait is closed.
The negotiations are cancelled.
The ceasefire is nonexistent.

Trump surrendered at Versailles.

This week is gonna be busy.......
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