Gold:
Update of the Elliott count of post #323.
Sixer
Update of the Elliott count of post #323.
Sixer
1
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
DislikedGold right now seems to be testing the 1423 level. Can't decide if it wants to break higher.Ignored
DislikedTrump's tweet might be interfering again (implying lower rates or easing or devaluation...)... TRUMP (supposedly wanting weak dollar, which I do not believe I think he is just hedging.. in case USD goes south, he can say it is a good for (export) economy... In case it goes UP he will say it is a sign of strong economy and trust in USD Not being political or anything, just saying that whatever he tweets... the market will catch out the reality which I BELIEVE is... USD getting stronger at least for the next 3m, but will...Ignored
DislikedRight now I'm thinking gold's in store for a quiet few days. I doubt many traders are going to want to initiate new positions ahead of the FOMC next Wednesday so we're probably in store for some range bound trading.Ignored
Disliked{quote} You are correct up to the point of RIGHT NOW...I'm seeing what I term "a stable range". Buying at the top, selling at the bottom. Nothing to see here...move along. I imagine tomorrow will be quite volatile. Still holding short though... By Friday I'll either look like a moron or a genius...anyone care to place a bet which?Ignored
Disliked{quote} Buying from the bottom you mean Donny? Your ability to adjust to the dynamic nature of things has me beleiving you won't be a moron!!!. Where did you short though?Ignored
Disliked{quote} I was trading futures...YM. I shorted just after the market pushed above 27200 then fell back. I have a similar mechanism as you see above where I am able to "see" the selling at each level...I joined in at 27208. I was only looking for 30 pts...but got 5 instead.... Sometimes you get the bull by the horns...sometimes you get gored.Ignored
Disliked{quote} Did you close your short then Don? Or are you still trying to hold until Friday? I am curious because right now I find myself on the other side of your tradeIgnored
Disliked{quote} If you are talking about the futures trade...yes I closed my short...I was stopped out remember? (FU Stop)...If you are talking about my XAU/USD positions, I am still holding short. I will update the position again, when I am finished with my futures trading for the day.Ignored
Disliked{quote} FOMC tomorrow, NFP on friday. Gonna be a fun week for gold!Ignored
Disliked{quote} I truly hope you are right. However, I suspect it is going to "scare" everyone out of the market before anything is really finished. So be prepared to take action again next week...I thinkIgnored