Gold RIGHT NOW

RIGHT NOW Harry6 seems to be misinformed about the rules of this GOLD thread.

B@1320 was triggered and am NOW wathcing closely to see whether serious bottom is solidified ???

RIGHT NOW...selling of Gold remains weak but persistent. While buying is coming in at the bottom of the last three days, it does not appear to have the volume to detain the persistent selling which has yet to accelerate and climax. I suspect the buying at these bottoms are day traders taking profits on small positions. Another buy (for me) is not yet on the horizon.

Right Now i'm licking my wounds from being stopped out of my long that i held over the weekend

Right now I am hoping my Gold short is going to follow the negative sentiment in here. I need to recover from a disturbing trade I made earlier in Palladium. BIG mistake.

Right now I am long Gold and Silver in my investment account from a longer term perspective.

Right now I am short gold in my short term trading account.

And Right now I placed a 1lot S limit order @ 1330. For me an intraday resistence.

Right?

Wrong?

I would wait till the end of this week for "picture" to form/confirm. I suspect we will see a downtrend signs... for XAU/USD since USD will gain track...

Right now, gold looks like it's starting to strengthen. It could be due to some weakness coming into the US dollar. I'm still being cautious as it hasn't really taken a direction this week. US CPI and US Retail Sales could present some nice trading opportunities.

Right now Reuters printed a bearish copper article, while I have a view of a bounce-back! Reuters has exactly the kind of article which one would see close to the bottoms.

Trump's tweet might be interfering again (implying lower rates or easing or devaluation...)... TRUMP (supposedly wanting weak dollar, which I do not believe
I think he is just hedging.. in case USD goes south, he can say it is a good for (export) economy... In case it goes UP he will say it is a sign of strong economy and trust in USD Not being political or anything, just saying that whatever he tweets... the market will catch out the reality which I BELIEVE is... USD getting stronger
at least for the next 3m, but will have to be seen/confirmed in the newt 1-2w or maybe 3w... then we might slide for the end of the year... If that will be true, GOLD might slide as well (in USD - that will be stronger

I also believe he wants US(D) to be stronger than ever which again reaffirms my belief in USD getting stronger, just one of the many many things... At least for now, till the end of the year (2019) possibly, but again, to be (re)confirmed... If it goes that way for the next weeks... I can say 3m possible... and much more possible for it being 6m, so from now till the end of the year... a good slide... possible (to be seen/confirmed).

just a bit/quick background:
7h ago (today) "This is because the Euro and other currencies are devalued against the dollar, putting the U.S. at a big disadvantage. The Fed Interest rate way too high, added to ridiculous quantitative tightening! They don’t have a clue!"
https://twitter.com/realDonaldTrump/...27450927529984
*AND ALSO (points with which I surprisingly agree with): https://edition.cnn.com/2019/06/06/e...lar/index.html

TRUMP 3 months ago:
"I want a strong dollar but I want a dollar that does great for our country, not a dollar that’s so strong that it makes it prohibitive for us to do business with other nations and take their business.” Well yeah, which is it now
https://www.bloomberg.com/news/artic...-raising-rates

Sure it would be great to devaluate, (supposedly) boost export, easier to pay the debt in USD (gold going up in USD...) but I think in the overall picture, "they" "surely" won't opt for ANYTHING that has a "WEAK" keyword in it and which could also had NEG benefit in the bigger picture

Hope it helps, we will see....

Right now dollar drops, gold pops!

Dollar drops


Gold pops


TY for this view!

It got me thinking to look for all of the Central banks that are easing/tightening/draining/injecting currencies BUT also have a particular interest in getting and hoarding Gold!

Gold (right now) end of NY Tues:

There is some buying supporting the lows of the last two days, and admittedly selling is "weak" but it is still coming in near the highs which keeps a cap on price rising. I'm not all that excited about today's "rise in price", as all it really did was come off the lows of the day, which BTW are lower lows than each and every one of the last 4 days. While I am still bullish on gold "right now", I am unconvinced we will see new highs in the next few days. (I've been wrong before but...)

Right now I'm cowboy-shorting Gold... looks like it could drop $5 in the next six hours or so. Who's with me?!?

Right now Gold has fallen by nearly $5 since the above post. Great call there!

Right now, I need the early posts in this thread about Gold going towards $1,300 to come true. I am still underwater by $8 on my $1,324 short position!

Right now... I'm shorting gold to 1330.

Well Dominque... or you could cut the loses and wait for market to stabilize (form the trend in 10 days for example)..
So you won't bang your had like.. "why didn't I pull out before" Just a thought.
Believe in yourself however, plan your trades, trade your plan... My 2...

It is always best to do your own analysis of the markets you wish to trade. Only you know what your goals and conditions are for your trade. Someone else has a completely different outlook and priority and it may not mesh well with your style of trading. Not to mention that most of us (especially me) are often just plain wrong.

Well that one was wrong.

I stopped myself out @ 1332 and took a B instead....