Shutdown is bad for the US. But USD is #1 safe haven. What's bad for the US is bad for the global economy. Uncertainty means rush to safe havens and USD strength. basically, never bet against US

Gold

doubt it

Gold

You're right, the trend will end. But you don't know when. This may well be just the start. The reason so many newbies lose is because most patterns they read about are reversal patterns. But a trend only reverses once and continues many times. Your ...

Gold

There is no probability, if you want to think of it like that, think of it like roulette. The wheel doesn't know history. The last 20 spins being red makes zero difference to what will happen next. Look at the weekly charts at what happened from ...

Gold

wow, how is that possible? Surely with an account that big you don't need to take huge risks. Sorry for your loss, but please look at the weekly and daily charts first. If you're betting against the trend, go small.

Gold

How much have you lost this year?

Gold

Is stop loss hunting on spot gold prices a thing? Do people trade physical gold in that way?

Gold

why don't you open the larger time frame charts, see that daily and weekly are on down trends that haven't posted lower lows yet so trade with the trend. There's no fundamental reason for gold to go up on top of that, so riding mega moves down is ...

Gold

At some point it will reach an all time high, but it won't be this year and probably not next year. Until the Fed show signs of dropping interest rates, gold should keep going down. Asian countries seem to be buying gold to underwrite their ...

Gold

the main catalyst for currency movements is interest rate differentials. JPY is basically the only central bank that hasn't raised rates, so it's tumbling relative to everything. Now the hiking is mostly over, it's guesswork over who cuts first. USD ...

Gold

I'm sure some are, but the amount of people calling out 1940, 1950, 2000, 2100 etc is crazy. There's no wonder so many people lose money when they want to bet against the trend. Don't try and catch a big reversal, a smaller win in the trend ...

Gold

why are so many people talking about gold going up? Stop trying to catch a falling knife. It's going down lower than the August low and China aren't going to prop it up by themselves. There's zero reason for gold to be strong right now. Do ...

Gold

Look at history to see what should happen. With yields where they are, gold should be crashing. China are keeping it high, but they can't keep buying forever. USD is the biggest safe haven, so recession looming doesn't mean buy xauusd, it means sell ...

Gold

Is an order block at a point where the news with the biggest influence in forex happened real? Do you think it'll do the same if it retraces there next week? I doubt it

Gold

I'm not that old and I hate it too. Just makes everything more confusing. The old school names were sufficient

Gold

Why is USD bear? They don't look like big rate rises will continue, but their economy is standing up well to the rises so far and looks like a softer landing than other big economies. Jobs and wage growth are slowing, but still higher than they need ...

Gold

Rate increase is nailed on. Lots of pressure to stop raising rates. Could well be USD strength if the statement acknowledges this pressure to slow and create a softer landing

Gold

you don't need to pay. Just watch his YouTube channel. I don't think it's ever announced, he just seems to pop up every now and again live trading. You need to pay to ask questions, but don't bother with that, just watch how he trades and trade ...

M1 Countertrend Scalping Strategy

nobody knows, but what would push gold back up to all time highs? Look at what proceded the triple top. Covid, Ukraine invasion and US banks collapsing. It stands to reason that price isn't going back there without a major event to drive it. Up from ...

Gold

don't buy his content, it's rubbish. What you see on his free videos is better. The paid stuff explains the strategy similar to this thread, but the rest of it gives no help other than saying 'imagine the profits you'll be making if you bought here ...

M1 Countertrend Scalping Strategy