Disliked{quote}< Mad Trumpy, ECB, BREXIT, jobs.... I'd not short. Just my 2 gramsIgnored
We must learn who is gold, and who is gold plated
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What is the action now in XAUUSD? 25 replies
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Disliked{quote}< Mad Trumpy, ECB, BREXIT, jobs.... I'd not short. Just my 2 gramsIgnored
Disliked{quote} Gold barely moved and you made 30 percent ? gold is a crazy bitch and can have nasty whipsaw even if you are on right side of trade ...I suggest reduce your risk before you blow your accountIgnored
Disliked{quote} I've been very bullish on gold because of all the uncertainty around the world. Even if US-China trade relations improve, there is still the global slowdown, Brexit, Iran drama, etc. That's why yesterday I was surprised when it broke down the way it did. I think it's probably more of a short term correction rather than a trend reversal. Gold is supported by a lot of fundamentals right now.Ignored
Disliked{quote} I've been very bullish on gold because of all the uncertainty around the world. Even if US-China trade relations improve, there is still the global slowdown, Brexit, Iran drama, etc. That's why yesterday I was surprised when it broke down the way it did. I think it's probably more of a short term correction rather than a trend reversal. Gold is supported by a lot of fundamentals right now.Ignored
Disliked{quote} agrre with you 100 percent . If you look at pure fundamentals then gold should be safe haven however the charts show a potential correction on the weekly . 1480 is next support but if that breaks then potential for 1436 . Last week was a bearish engulfing maybe due to Adp and NFp results {image}Ignored
Disliked{quote} It is also interesting also that on weekly Dow its right at major resistance . We have a one month long consolidation period below us after the drop due to the china issues and now we have a powerful spring base for potential new highs next month. {image}Ignored
Disliked{quote} Gold and Dow futures have been diverging, which makes sense in a risk environment. What's surprised me is that it's gold heading lower while equities hold on to gains. I'm long term bullish on gold and I think the US equity markets are overdue for a correction. Here's Gold vs Dow futures (dow in purple) on a 15M: {image} Here's the same comparison on an hourly going a little further back. The mostly have a negative correlation, although with the irrational behavior of the stock market in light of the Fed cutting rates, I'm not implying much....Ignored
DislikedGold is closed right now. But here we are again just above that $1500 handle. If we can hold up above that level, we may see gold continue higher. {image}Ignored
Disliked{quote} I think it all comes down to the ECB tomorrow. If they disappoint we get a continuation of this recent downtrend and we'll probably see 1450 soon.Ignored
Disliked{quote} $1450 isn't out of the question in terms of the lower end of a correction. But I think gold dropping that much is highly unlikely with all the other global turmoil/uncertainty supporting it.Ignored