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  • #39,901
  • Aug 27, 2024 4:57am Aug 27, 2024 4:57am
wait Gold to drop below 2500 to take fresh buy orders
the the BPR area
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  • #39,902
  • Aug 27, 2024 5:03am Aug 27, 2024 5:03am
Quoting Silver-King
In my opinion NFP will be a complete disappointment and the CPI will be forecasted to drop to 2.6% or 2.7%. They began slashing their inflation forecast across the countries. For example CPI in Euro Zone is expected to come out at 2.2% from 2.6%... I believe the similar will happen to the US CPI forecast expecting a decent drop. All of this numbers are rigged, but that doesn't matter anymore since central banks run every market. Central banks manipulate the markets and are intentionally pushing the price of everything that's valuable down, so they...
I see you talking about fundies quite a bit and you make some crazy calls about PA, I'm trying to figure out where you're getting these numbers from but I can't so I've given up.

NFP will change the narrative for the DXY, it will show a tightening labor market and enable the feds to stick to rate cut of 25bps - Daddy J couldn't have been more clearer about a cut incoming, markets have already priced in a 25bps anymore red data could indicate maybe a 50bps cut. A 50bps cut would cause havoc for bonds market/central banks and overpriced stocks so NFP will be manipulated to show blue figures so the fed can go ahead with a 25bps cut only. Gradually with their "data as it comes approach" the feds will reduce the rates allowing markets ample time to price it in.

CPI is getting closer to the fed target of 2%, around this time last year (give or take few months back/forth) the war broke out and feds started raising rates to pump liquidity as investors fled to the dollar for safe haven appeal, now they have it so here we are back again full circle, DXY below 101 and fed about to slash rates.

Central banks manipulating price is a story as old as time, any trader worth their salt would know that, difference is the Fed's are better at doing it compared to their counterparts. Especially if you're trading gold its heavily manipulated and only seeks liquidity, price taking highs/lows is anyone's game as long as they have the volume to do so.
Fate goes ever, as fate must.
  • #39,903
  • Aug 27, 2024 5:05am Aug 27, 2024 5:05am
This TL is all that matters now
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TechKnow
  • #39,904
  • Aug 27, 2024 5:07am Aug 27, 2024 5:07am
In case you dont see it,
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TechKnow
  • #39,905
  • Aug 27, 2024 5:14am Aug 27, 2024 5:14am
Quoting determinato
{quote} I see you talking about fundies quite a bit and you make some crazy calls about PA, I'm trying to figure out where you're getting these numbers from but I can't so I've given up. NFP will change the narrative for the DXY, it will show a tightening labor market and enable the feds to stick to rate cut of 25bps - Daddy J couldn't have been more clearer about a cut incoming, markets have already priced in a 25bps anymore red data could indicate maybe a 50bps cut. A 50bps cut would cause havoc for bonds market/central banks and overpriced stocks...
I get the potential prices from the system I use. As for the information about the markets I get them from the Robin Hood of Wall Street himself.
  • #39,906
  • Aug 27, 2024 5:22am Aug 27, 2024 5:22am
Quoting Silver-King
{quote} I get the potential prices from the system I use. As for the information about the markets I get them from the Robin Hood of Wall Street himself.
I'm assuming that's a person and not the trading platform!
Fate goes ever, as fate must.
  • #39,907
  • Aug 27, 2024 5:28am Aug 27, 2024 5:28am
quite close to the TL break

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Gold Price Channels
  • #39,908
  • Aug 27, 2024 5:32am Aug 27, 2024 5:32am
Quoting determinato
{quote} I'm assuming that's a person and not the trading platform!
Your assumption is correct.
  • #39,909
  • Aug 27, 2024 5:42am Aug 27, 2024 5:42am
Wait for 2480 before you start looking for buy
That's the first price support
  • #39,910
  • Aug 27, 2024 6:01am Aug 27, 2024 6:01am
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  • #39,911
  • Aug 27, 2024 6:14am Aug 27, 2024 6:14am
Quoting Techknow
In case you dont see it, {image}
I'm in a bit of a dilemma with this, on one side that trendline is super clean and price just bounced off the bottom, on the other side the PA is disgusting to trust an upward move
  • #39,912
  • Aug 27, 2024 6:34am Aug 27, 2024 6:34am
Quoting determinato
{quote} 2480-2485 possibly
Im looking for lower. Will see NY
Look ahead. Reste positif
  • #39,913
  • Aug 27, 2024 6:38am Aug 27, 2024 6:38am
_________________ @ steffile = turn$ on a Dime ! - - - you still know where to find Davit's Room ?
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Don’t focus on making $$$, focus on protecting what you have.
  • #39,914
  • Aug 27, 2024 6:41am Aug 27, 2024 6:41am
Quoting profits7
_________________ @ steffile = turn$ on a Dime ! {image}
Yes, thank you so much!
  • #39,915
  • Aug 27, 2024 6:43am Aug 27, 2024 6:43am
Quoting profits7
_________________ @ steffile = turn$ on a Dime ! {image}
You have longs at 2527 ?
  • #39,916
  • Aug 27, 2024 6:47am Aug 27, 2024 6:47am
https://www.tradingview.com/chart/XA...s-25-Aug-2024/
  • #39,917
  • Aug 27, 2024 6:49am Aug 27, 2024 6:49am
Quoting determinato
{quote} I'm assuming that's a person and not the trading platform!
Welcome to the family!
By the way, Coco is awesome!

The Robin Hood of Wall Street

Inserted Video
  • #39,918
  • Aug 27, 2024 7:03am Aug 27, 2024 7:03am
Quoting eyefeelsix
{quote} yesterday stopped out by trailing-stop, atm re-buy gold at current price {image}

early declaration of victory probability: 95% win, 5% pending win

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https://breakpullback.com
  • #39,919
  • Aug 27, 2024 7:04am Aug 27, 2024 7:04am
Quoting SnakeDok
{quote} I'm in a bit of a dilemma with this, on one side that trendline is super clean and price just bounced off the bottom, on the other side the PA is disgusting to trust an upward move
I am letting this TL make all my decisions for me at the moment. I see the evidence of bullish channels on the hourly though as well so the play is easy for me. Get a long on a break north from this hourly channel within the daily channel. Ride it on up, seems pretty obvious at the moment. BUT, if price breaks through the trendline and retests ill look for a bearish candle to short the length of the channel. Both sides are a great play and you can wait and let either trade come to you.
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TechKnow
  • #39,920
  • Aug 27, 2024 7:26am Aug 27, 2024 7:26am
Quoting profits7
_________________ @ steffile = turn$ on a Dime ! - - - you still know where to find Davit's Room ? {image}
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Don’t focus on making $$$, focus on protecting what you have.
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