careful not to step in a pile of it
- Joined Dec 2015 | Status: Member | 1,509 Posts
Do more of that which succeeds and less of that which does not - Dennis Gar
What is the action now in XAUUSD? 25 replies
Gold, is it right time to buy? 9 replies
Oanda now offers Gold and Silver 6 replies
DislikedLooking at the daily candles right now I feel pretty good about staying long gold in the coming days, buyers seem ready to catch any dips in price. In the meantime we sleepwalk through to tomorrow and prepare for Fed guidance. {image}Ignored
Disliked{quote} Well I was going to do this, but the news landed earlierIgnored
Disliked{quote} Well, XAUUSD went through the psychological 1400 ceiling again @ 230pm CET. What happened here and NO forecasted news? PS: You were right BulltrapIgnored
DislikedIs Gold right now peaking for the day? Seems like time for some short-term retrenchment.Ignored
Disliked{quote} I'm a newbie...can it be considered that 1418 is rejected? If so, big down back to 1400?Ignored
DislikedGold is acting like it might break out and continue today's rally.Ignored
Disliked{quote} yes mate seems so but i am prepared to sell have a few sell limits in higher we see what the European session doesIgnored
Disliked{quote} Are you selling into the rallies? Or are you long and trying to exit?Ignored
Disliked{quote} mate i have a long at 1427 which i have had for a while other longs already tped , i have sell limits higher up , and a sell 1421.25 to catch any thing that comes down if i see in a hour or so buys are in charge i will be inIgnored
Disliked{quote} Sounds like a solid plan. I am having a hard time making sense of how hard the USD sold off, which in turn supported gold prices. Right now, it seems like this rally is overdone. The USD might be oversold. I went back and looked at the most recent dot plot and I don't understand why the market is more dovish than the Fed. I don't see a chance of a July 50 basis point rate cut. The Fed will leave itself with little room to act further. At the same time, there's talk about the Fed being one and done with a 25 basis point July rate cut. It's...Ignored