Gold price is going down, look at it in any other currency. That up move was only to do with USD. USD won't stay weak for long and when it recovers gold will crash.

Gold

The expectation was bad news, it was always likely to be better than expected. I kept my shorts open, which was risky, but yesterday was an overreaction to CPI. The overall economy doesn't say inflation is going below 2% any time soon. So gold has ...

Gold

See what the news brings. Expectation is low, if retail sales surprise to the low the dollar could sink further. But higher than expected and gold could crash. Core inflation is still way higher than they want, so I can't see how that reaction was ...

Gold

How long was your confirmation, and how long until you decided you got it wrong? Seems both were too short. But actually I think it was a decent short term trade. After a big move, the market almost always retraces and you entered when the impulse ...

Gold

This is just USD weakness, gold isn't going anywhere. USD won't continue like this for long and the gold trend will continue down. EUR just announced negative growth, will be in recession officially next year, they'll cut rates before the US. This ...

Gold

Doubt it. 1960 looks like retracement area then down to 1915. CPI was lower than expected but still way above 2% on core inflation. Doesn't do much to change the higher for longer narrative

Gold

No chance. Fundamentals do not price gold where it is now. It's going down quickly. Any gap up will be a retracement move.

Gold

That's what I see. I'm hoping gold gaps up so I can get some big shorts in at market open

Gold

Phone deleted a detailed post, not writing it all again. I'm out of sells for the weekend. Might be an up move, but not sure there's much value at this point. 1900 will almost certainly bounce. Down to 1800 before Xmas, maybe even this month. My ...

Gold

Maybe, but the panic effect of the escalation will have time to settle down. I can't see how gold goes much higher when Russia didn’t achieve it. The only way I see it going higher is if other countries start joining in, which is a possibility.

Gold

I think that's just a guess from anybody. I'd look more at historical charts to see when it will likely change. Russia invasions was Feb 24th 2022. There had been an expectation for a few weeks that this would happen which is when price moved up ...

Gold

Sell the fear, buy the bullets. the saying means that markets fear uncertainty. An unexpected attack was uncertainty. After the sell off it'll return to normal and recover the sell off. with it being an unexpected attack and no political build up, ...

Gold

Try trading HA candles on a short time frame. You seem to be trading big positions with tight SL and hoping to get a big trend. HA candles are good for getting you in and out at better times than just hoping

Gold

what charts do you look at? Di you use mt4 or mt5?

Gold

this war should make gold and USD go up. In a few weeks/months USD likely to go down first so gold higher, then gold down. But US economy so far ahead of the world right now it's not necessarily going to come down in that order.

Gold

Meaningless in relation to the price of gold. America will have to raise taxes and probably print loads of money causing big inflationary pressures. But gold won't care

Gold

Since 2008 we had a sustained period of low inflation and low yields. We're now in a normal yield and high inflation period. I think that's going to continue for some time yet, and we're only really at normal not high for yields yet. If I'm right, ...

Gold

USD us world's primary safe haven. So the uncertainty means dollar strength. But dollar strength isn't behind this collapse in gold. There's a host of countries buying gold in huge amounts which has propped up the price whilst yields rise, that's ...

Gold

Dude, you need to stop chasing wins and reversals. I wrote to you this morning that it's a coin toss that'd take off when America opens. Down was the percentage play as the better traders on here alluded to. You must be taking big positions chasing ...

Gold

take the day off. It's a coin toss whether we retrace or crash. US will make it move fast one way or another

Gold