I am curious to see if tomorrow CPI data will actually be as positive as the forecasts suggest. However, if they turn out to be bad it will be the end for gold.
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Make More Money - Eliminate DRAMA 11 replies
Just posting my trades, everyone is welcome but no drama 2 replies
Dislikedthe only hope bulls have to save themselves is if price keeps falling all night and spikes down to test oct 2025 low of 3886 and reverses on short covering on cpi since we only 100 dollars away if bounces off that level tmoro might have 6 to 8 week bounce but it still wont be the bottomIgnored
Dislikedits a holiday so im staying away unless its to scold people to learn some TA and not rely on people in herethese daily white lines i posted this week are significant if you switch to weekly chart,,, im gona get a weekly sell signal no matter what unless price can close above that little white line which just so happens to be this weeks open
....and thats not gona happen maybe even with humptys texts
if price closes inside those two weekly lines its still a sell signal but bulls will frolic around few days pushing up price next week fooling each other that its a bottom before they led to the slaughterhouse again if price closes under that bottom white line today than gold gona keep falling and 3900 will happen before next friday ...when it does hit 3900 next week or the first week of next month is when ill buy for the dead cat bounce and hold for a month bools need to close above 4122 if they dont want to see 3900 next week {image} {image}
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Dislikedmaybe if bools controlled themselves and stop bein premature ejaculatorsand wait for 3886 where price can bounce to make that right shoulder of the hunchback H+S at 4400 they might get some happiness before gold starts falling again to 3500 {image}
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Disliked{quote} for those that didnt like my H+S chart maybe this simpler one will be more appealingi prefer the simpler chart myself
heres an update to that chart thats in my quote from 2 weeks ago {image}
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Disliked{quote} Yes. Entry 4002. Price is still at entry. Nothing to do. Hands folded. Long silver here with SL at 57.20 just for some pips. Like I said earlier if I get a daily close below 3940 I will close. If price runs up tonight then I will hold and probably close before US data tomorrow. Nobody knows for sure what will happen. We only trade probabilities. After a fall from 4094 and price hits 4000 being deviation -2 for the day (which rarely happens, by the way) a smart trader should buy for a scalp, if they are scalpers. {image}Ignored
Disliked{quote} Yes. Entry 4002. Price is still at entry. Nothing to do. Hands folded. Long silver here with SL at 57.20 just for some pips. Like I said earlier if I get a daily close below 3940 I will close. If price runs up tonight then I will hold and probably close before US data tomorrow. Nobody knows for sure what will happen. We only trade probabilities. After a fall from 4094 and price hits 4000 being deviation -2 for the day (which rarely happens, by the way) a smart trader should buy for a scalp, if they are scalpers. {image}Ignored