Gold RIGHT NOW

i can't imagine what will happen to gold if Trump orders companies to leave China

maybe it will jump past 1600

https://www.nytimes.com/2019/08/23/b...ffs-trump.html

Haha.. today is the best day ever tho.. we need him more.. gold is rocketing after stuck for days..

Was really starting to doubt... Hope things got back on tracks, it seems! Will wait till the end of next week just to be sure however... meaning trading somewhat conservatively, just in case.. If all goes well, somewhat "confirmed".. I might go FULL STEAM AHEAD!

Well isn't it fine that if we do the combinatorics of all possible scenarios... depending on the timeframe of course.. majority of them gives us the
BUY GOLD as an outcome Because unlike diamonds (let's not even talk paper money.... they can not "profitable" reproduce it The next "bet" for gold seems to be in the space harvesting but by the time we get there.. I was playing with an idea of "making" gold.. yes it is possible, but too expensive.. so there is no threat in this regard in the foreseeable future It seems that no matter what happens... GOLD owning still seems to be best since the dawn of men and as one of the famous coach/writer said... "gold will be here when the cockroaches are dead" Was talking about BUY to HOLD... But trade wise... I think we will not see the non-chaotic times for some time now... so GOLD seems to be very good bet, not just to hold it but to TRADE it... and my favourite option... BUY trade it... with worse case... you KEEP it best case... you SELL at peaks.. re-buy at lows, hehe.... Yeah, when applying leverage.. game might change a lot... because one has to be precise in order not to get stopped out.. or not to pay too much swaps etc...

And since you mentioned China... it seems either way... gold going up, china wise They love gold also

Crazy day!

I'm sure nobody is surprised, but judging by the dow it looks like we're in store for a sizable gap higher on gold at the open:

Plenty fun was had hey

Yeah guys... I am also very curious about what will happen next week... Trump making big announcements over twitter... ECB/FED policies/directions/echoes.. settling in... I am very curious... Specially after the build-up that took more then a week and couldn't release all the pressure on Friday (alone) maybe But I do hope and believe, according to my model.. that at least major of "depressurisation" took place on Friday... Hope those tweets won't have much disturbing or "spiking" effect
And then, we will finally enter September... I am just about to open dedicated TE for XAU/EUR... but will JUST wait for the next week, just for sure... specially after DEEP FREEZE of (more than..) the week before yesterday

Next target from a daily TF perspective 1565-1575

$3.000 USD does not seem to be out of the question.. in the longrun... considering how things have been going for some time.. and it does appear that it will go that way for quite some time current target seem to be $1.700 USD

1. https://www.kitco.com/news/video/#_4...eo%2Flatest%3F
2. https://www.kitco.com/news/video/sho...w%3DKitco-NEWS

Not sure about the sources above (anyone know them, reliable/credible?)... just in case... some from "more credible" (maybe or at least more known... for longterm $3.000 at least:

1. https://www.cnbc.com/video/2019/08/1...few-years.html

I can not dispute (either) that atm seems the right (up) direction (at least)

Yep, I kind of get the sense we might have continuation. Trump made it clear this trade war will get ugly and everyone wanted to bail on risk positions. There's not enough liquidity for everyone to reposition in one day.

I agree. If this is the beginning of the next metals bull market then there certainly could be a 100% gain ahead for gold. I think it takes awhile though, probably 3-5 years. If I'm not mistaken, gold's best days will be after the next recession.

I think gold will touch 1600 next week soon......

1565-1575 target for now,
From there down to 1425 ish then up to 16

[quote = Neil0163; 12462842] 1565-1575 alvo por agora, De lá até 1425 ish então até 16 [/ quote]

Do you think it rises as soon as it opens to these values or first goes down to 1425 and then back to the top. Thank you

Good day y'all! Ima gold trader. Kinda stumbled on this thread and i must say its really interesting outta here. Kudos to you guys!!!

I think gold will go down from current price at opening

I'm looking to buy on a very small pullback ride to target when it stop hunts then take it down to 1425 (this will be a complete trend change on a 4 hour chart so you have to study the price action) if it gets to target and there is now trend change confirmation price action on 4 hour I'll take my profit and wait to see what happens

I plan to "risk missing" potential profit(s) for the next week (aka last week of August), just in case of some surprises... Specially after Trump's (recent) tweets/interviews... If things go well, as expected... I will try to start opening "HARD" positions since 02SEP19 onwards... Will just let this AUG to pass, just in case

definitely gold is going higher but maybe 1600 would be the top of the rally this week if trade tensions don't ease