H4 Candle left no wick to the downside. I'll wait this candle out and see what'll happen. There's no panic yet... the price is going up, however it's very slow...

Gold

The moment of truth... did retracement just start or are we going much, much higher? As said, the next Resistance for the Silver is at 30.7$ - 30.8$. The Gold would be way above 2550$ if that is to take place.

Gold

Added more Shorts at 29.6$ on the Silver and added some Shorts at 2515$ on the Gold. This is it for now... I won't be adding any more Shorts and once the price reaches 28.5$ I'll dump all Shorts on both the Gold and Silver probably. If it continues ...

Gold

Added Shorts at 29.55$ on the Silver. If we get one more push up, then I'll add some more Shorts and will start adding Shorts on the Gold.

Gold

Alright... when Gold hits 2525$, I'd imagine the Silver will hit its Resistance as well. As said, I am going to add some Shorts then and will see how the situation develops. The price will return to ex Resistance and now Support at 28.5$ in my ...

Gold

Will you take all the profit at 2525$ or will you leave some Longs open? Also, will you Short at 2525$? Thanks!

Gold

The Silver approaching the first Resistance at 29.6$ - 29.7$. Next is at 30.7$ - 30.8$. I'll just add that if the price of the Silver goes beyond the first Resistance, then I am very convinced that we had seen the low for the Silver in this cycle ...

Gold

Chances for the Gold dropping below 2100$ are getting almost completely unprobable. It'd take a miracle for that to take place. The lowest Gold can drop the next month is around 2115$, but that's also a wishful thinking at the moment. This is a ...

Gold

Alright, Silver almost at Resistance 29.6$ - 29.7$. I'll start adding some Shorts around this price if I see some stalling or rejection.

Gold

Pretty uneventful so far... perhaps some volatility will kick in during Fed's Waller speech which is taking place an hour and 15 minutes after NYO.

Gold

I believe his comment will be "High-impact" when market opens, but maybe I'm wrong. If it is, that means everything's dropping. I'd expect some reaction from the markets to this news, because Fed not cutting rates in September is basically not ...

Gold

You might be right! Fed's Goolsbee: "it isn't a "certainty" that Fed will lower interest rates in Sept. We've been making clear for a while what economic conditions would be appropriate for us to cut rates..." Leaving the news aside for the ...

Gold

Knowing who we are trading against/with, I'd be shocked if the real retracement would starts from here, but we'll see... If I was in their shoes, I'd wipe out the Shorts first, rather convincingly. We'll see...

Gold

Thanks for sharing! Well, this should definitely have an impact. However, since it's not yet on the FF, I imagine it'll come out at appropriate moment. If we get a high this week on the Gold, then 2085$ is still possible. I'll just repeat it's ...

Gold

The plan is now to wait for the price to start retracing whether it'll be this month, the next month or the next year. However, I don't think I'll have to wait for too much longer.

Gold

Missile is unnecessary. The price broke 2500$ even without it. Most of the retail is probably not as Short as before the price broke 2500$, but I could be wrong. However, there are definitely less and less of the retail that is Long.

Gold

A New Fed Member And Voter FED'S WONABI: THE CONSUMER DATA CAME IN STRONG | INFLATION EXPECTATIONS STILL ELEVATED FED'S WONABI: GIVEN THE NEW GEOPOLITICAL RISKS, WE'LL MIGHT HAVE TO STAY RESTRICTIVE FOR LONGER FED'S WONABI: DO NOT SHARE THE VIEW ...

Gold

Buddy, I didn't say anything. I only mentioned to which price the Gold is likely to return to if and when a real retracement takes place. Obviously, the chance for the Gold to drop to 2085$ in two weeks remaining is zero to none. I just shared what ...

Gold

Target for the October is no longer at 2085$... that's the problem. For each month that goes by the target shifts (up). That's based on my analysis however. Could be wrong.

Gold