Right now Gold is trying to break 1400 again, hitting some resistance though. Got my TS in place in case it collapses.
- #162
- Jul 2, 2019 10:34am Jul 2, 2019 10:34am
- Joined Dec 2015 | Status: Trader | 1,505 Posts
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- #164
- Jul 2, 2019 10:52am Jul 2, 2019 10:52am
- Joined Dec 2015 | Status: Trader | 1,505 Posts
{quote} My TS triggered at 1402 so I got my moneyStaying clear in the meantime though.
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Right now...................
Well, XAU through the 1400 roof again.
It was either up or down.
We have a serious direction again.
Entry B@1410 & 1405.
My one Btrade @ 1405 is perfectly intact
Metal Competition JB Return Today: 2.6%
Well, XAU through the 1400 roof again.
It was either up or down.
We have a serious direction again.
Entry B@1410 & 1405.
My one Btrade @ 1405 is perfectly intact
Metal Competition JB Return Today: 2.6%
A new consciousness for Humanity?
Being now: Are WE a Holy Grail? Return Today:
na
- #167
- Jul 2, 2019 5:19pm Jul 2, 2019 5:19pm
- Joined Jan 2009 | Status: LFG ROSS | 1,777 Posts | Online Now
- #168
- Jul 2, 2019 5:31pm Jul 2, 2019 5:31pm
- Joined Sep 2013 | Status: Trader | 25,137 Posts
people leave, but this thread will go on for ever
- #170
- Jul 2, 2019 5:39pm Jul 2, 2019 5:39pm
- Joined Jan 2009 | Status: LFG ROSS | 1,777 Posts | Online Now
{quote} pence ordered back to white house and trump plane diverted back , if its true VP Pence ordered to return to the White House immediately for emergency situation https://cdn-assets.faireconomy.media...2_25_11.v2.jpg From @lemasabachthani|6 hr ago|12...
{quote} Strange move, but there wasn't anything on the newswires to cause it. Its already mostly retraced: {image}
Glad it's not just me in the dark.
{quote} Thanks Aussi. I should have been more specific though, I meant this very recent move: {image} {quote} Yeah I didn't see any news either. That's why I came in here.
Here is the tweet: https://twitter.com/realDonaldTrump/...85983458775042
If you have faith in our leaders of commerce, don't buy gold.
- #172
- Jul 2, 2019 7:58pm Jul 2, 2019 7:58pm
- Joined Sep 2013 | Status: Trader | 25,137 Posts
people leave, but this thread will go on for ever
- #174
- Jul 3, 2019 6:25am Jul 3, 2019 6:25am
- Joined May 2019 | Status: iTrade | 1,838 Posts
We must learn who is gold, and who is gold plated
EventsTrader Live All Time Return:
54.4%
- #175
- Jul 3, 2019 9:07am Jul 3, 2019 9:07am
- Joined Dec 2015 | Status: Trader | 1,505 Posts
Right now...it looks like gold is showing a top (IMHO). The order flow at this top has been very telling (up to this point).
Last night price retested the latest top and trader reaction was to sell that top (however weakly). I suspected this might happen when I posted here
It now appears that even though there is buying at these highs...price reaction to that buying is a fall in prices...this also indicates buying absorption. My conclusion (as before) is that there are large interest absorbing market buying at these highs and just waiting for the buying to exhaust. When/if that happens, price will plummet as there will be no further buying left to hold prices up.
Last night at (near) the high I added in a 4th position...I am now maxed out short...
While I know most of you out there are bullish, I still consider this market range bound as it has been for the last 4-5 years.
Last night price retested the latest top and trader reaction was to sell that top (however weakly). I suspected this might happen when I posted here
It now appears that even though there is buying at these highs...price reaction to that buying is a fall in prices...this also indicates buying absorption. My conclusion (as before) is that there are large interest absorbing market buying at these highs and just waiting for the buying to exhaust. When/if that happens, price will plummet as there will be no further buying left to hold prices up.
Last night at (near) the high I added in a 4th position...I am now maxed out short...
While I know most of you out there are bullish, I still consider this market range bound as it has been for the last 4-5 years.
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- #177
- Jul 3, 2019 10:15am Jul 3, 2019 10:15am
- Joined Dec 2015 | Status: Trader | 1,505 Posts
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- #179
- Jul 3, 2019 11:42am Jul 3, 2019 11:42am
- Joined Dec 2015 | Status: Trader | 1,505 Posts
{quote} Nothing much analysis. Just a gamble short position base on such pattern. Not valid yet, still have to wait for this week's close for the pattern to be valid.
I am already short as explained above but am basing it entirely on order flow analysis...which kind of analysis is this? Can you explain?
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