{quote} Looks like they might be continuation patterns?
If you have faith in our leaders of commerce, don't buy gold.
- #183
- Jul 3, 2019 2:59pm Jul 3, 2019 2:59pm
- Joined Sep 2017 | Status: Still a total mystery | 3,569 Posts
Right now Gold is a yawner. Been settled in a tight range for hours. I'm out at the moment with a completely "flat" day. I think it's time to get out and enjoy the holiday week. The shore is getting active! For all the Americans out there, have a fantastic 4th!
This weeks is in particular slow due to this decisions gridlock... but it can not stay flat/stall for long.... just give it a week at most
Can you afford to take that chance?
{quote} I see...but I'm unfamiliar with this "pattern" does it indicate a short (assuming it completes on week's end)? 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?
ç¦ å Victor V
- #185
- Jul 3, 2019 7:05pm Jul 3, 2019 7:05pm
- Joined Jan 2009 | Status: LFG ROSS | 1,777 Posts
I'm short Gold at 1418, looking for a quick ride to 1408. Analysis based on harmonic waves. 
- #186
- Jul 3, 2019 7:11pm Jul 3, 2019 7:11pm
- Joined Jan 2009 | Status: LFG ROSS | 1,777 Posts
Oh no, I set off a wave of buyers. 
- #187
- Jul 3, 2019 7:17pm Jul 3, 2019 7:17pm
- Joined May 2017 | Status: Intermediate Trader | 6,412 Posts
I'm short Gold at 1418, looking for a quick ride to 1408. Analysis based on harmonic waves.
Extreme gut feeling trader
- #188
- Jul 3, 2019 7:26pm Jul 3, 2019 7:26pm
- Joined Jan 2009 | Status: LFG ROSS | 1,777 Posts
{quote} man i am not a pro trader but nowadays i feel gold does-not care of fundamentals or technicals it will do whatever it like....
I'm going into goldbug-mode as soon as I win this current short.
- #190
- Jul 4, 2019 2:18am Jul 4, 2019 2:18am
- Joined Apr 2009 | Status: Live and learn. | 25,162 Posts
"If The Fool persists in his Folly he will become wise." - William Blake
- #192
- Jul 4, 2019 11:52am Jul 4, 2019 11:52am
- Joined Jan 2009 | Status: LFG ROSS | 1,777 Posts
I'm short Gold at 1418, looking for a quick ride to 1408. Analysis based on harmonic waves.
- #193
- Jul 4, 2019 11:57am Jul 4, 2019 11:57am
- Joined Dec 2015 | Status: Trader | 1,505 Posts
Not much to say today...especially now that London has gone offline. Right now...gold is just sitting there. BUT:
It appears that any new longs have now been stopped out or just exited the market. Mild buying at the current prices are most likely retail traders hoping for a "pop" when Asia opens later today. But remember tomorrow is Friday...TGIF!!
Happy 4th everyone
It appears that any new longs have now been stopped out or just exited the market. Mild buying at the current prices are most likely retail traders hoping for a "pop" when Asia opens later today. But remember tomorrow is Friday...TGIF!!
Happy 4th everyone
@xxxx|[::::::::::::::::>
- #194
- Jul 4, 2019 11:57am Jul 4, 2019 11:57am
- Joined Jan 2009 | Status: LFG ROSS | 1,777 Posts
Can you imagine if the fed funds rate or libor rose by 84bps in a day?
We'd be freakin out!
- #195
- Jul 4, 2019 4:17pm Jul 4, 2019 4:17pm
- Joined Sep 2017 | Status: Still a total mystery | 3,569 Posts
Can you afford to take that chance?
- #199
- Jul 4, 2019 8:54pm Jul 4, 2019 8:54pm
- Joined Dec 2015 | Status: Trader | 1,505 Posts
@xxxx|[::::::::::::::::>
- #200
- Jul 4, 2019 9:07pm Jul 4, 2019 9:07pm
- Joined May 2019 | Status: iTrade | 1,838 Posts
Interesting thread! Subscribed
With the US holiday and NFP pending, right now gold is not offering up any opportunities to enter a position. Even if you do get in, don't get stuck through NFP. I posted what that might look like here.
We must learn who is gold, and who is gold plated
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