the easiest and most reliable metod is the support and resistance levels + fibo. usually since 2011, U-turns have been in September. this year will be the same.
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- #502
- Aug 11, 2019 2:13pm Aug 11, 2019 2:13pm
- Joined Sep 2017 | Status: Still a total mystery | 3,569 Posts
Can you afford to take that chance?
- #505
- Aug 12, 2019 12:29pm Aug 12, 2019 12:29pm
- Joined Apr 2017 | Status: trying to make money | 3,341 Posts
Don't Worry Be Happy
- #507
- Aug 12, 2019 2:01pm Aug 12, 2019 2:01pm
- Joined Apr 2017 | Status: trying to make money | 3,341 Posts
Don't Worry Be Happy
- #509
- Aug 12, 2019 2:09pm Aug 12, 2019 2:09pm
- Joined Sep 2017 | Status: Still a total mystery | 3,569 Posts
gold looks like it could top out soon as there is no fresh risk-off news 1450 maybe will hold as support
But on the plus side, it is hardly to expect risks going down even though there might be some "stall" of risky events... As I have seed, will need to see what happens this and next week... I expect things go in the same direction, as extrapolation of present... so eurusd going slowly down, gold vs eur and usd going up.... much more in gold vs eur for the eurusd going slowly down reasons... Will see what happens, need some more confidence/feedback before I start hit it hard, specially with leverage Can you afford to take that chance?
- #511
- Aug 12, 2019 2:14pm Aug 12, 2019 2:14pm
- Joined Sep 2017 | Status: Still a total mystery | 3,569 Posts
What was that all about? {image}
Im curious about it myself what caused it.. I suspect some event/news...đI screened quickly and it seems US-China trade war in the news... (again)...
Can you afford to take that chance?
- #512
- Aug 12, 2019 2:16pm Aug 12, 2019 2:16pm
- Joined Apr 2017 | Status: trying to make money | 3,341 Posts
Don't Worry Be Happy
- #516
- Edited 3:09pm Aug 12, 2019 2:46pm | Edited 3:09pm
- Joined Apr 2017 | Status: trying to make money | 3,341 Posts
that is what i see on the chart
1560 is a good target for bulls but it could be out of reach
a test of the support levels is likely if the market turns to risk-on and stocks recover
https://www.fxstreet.com/news/gold-n...o-201908121846
Extreme difference between large speculators and commercials
1560 is a good target for bulls but it could be out of reach
a test of the support levels is likely if the market turns to risk-on and stocks recover
https://www.fxstreet.com/news/gold-n...o-201908121846
"The net-long positions in the futures market are at an extreme territory and the total ETF positions are also substantial. If the newsflow becomes less supportive, a profit-taking wave could push gold prices easily towards USD 1,400 per ounce again. In addition, we think that the amount of monetary policy easing by the Fed and the ECB for this year is mostly priced in."
"So this will unlikely push gold prices to new highs. Moreover, we expect the US dollar to be resilient for the remainder of this year despite Fed rate cuts. This is because waves of risk aversion will also support the US dollar. Taking the above together we keep our gold price forecast for the end of 2019 at USD 1,400 per ounce, but we raise our forecast to USD 1,600 (from USD 1,500) for the end of 2020."
Extreme difference between large speculators and commercials
Don't Worry Be Happy
- #517
- Aug 12, 2019 2:51pm Aug 12, 2019 2:51pm
- Joined May 2019 | Status: iTrade | 1,838 Posts | Online Now
We must learn who is gold, and who is gold plated
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- #519
- Aug 12, 2019 9:23pm Aug 12, 2019 9:23pm
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