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  • #3,361
  • Sep 9, 2022 9:40am Sep 9, 2022 9:40am
Buy above 1755, sell below 1665; looks buy trend starts
  • #3,362
  • Sep 9, 2022 10:59am Sep 9, 2022 10:59am
I will keep an eye on this chart to add some short positions.
Attached Image (click to enlarge)
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Love for all; Hatred for none.
  • #3,363
  • Sep 11, 2022 7:09am Sep 11, 2022 7:09am
Quoting yani38
{quote} Good idea, couldn't help but notice most have reverted to short, mebbe time to buy a few more back. {image}
Hi Yani,

Gold will be a golden buy from 1650 to 1950.
Waiting for CPI figures first.
  • #3,364
  • Sep 11, 2022 8:58pm Sep 11, 2022 8:58pm
Quoting Jolita
{quote} Hi Yani, Gold will be a golden buy from 1650 to 1950. Waiting for CPI figures first.
Thanks J, and noted : )
Y
"Don't Shoot Me I'm Only the Piano Player"
  • #3,365
  • Sep 12, 2022 8:15am Sep 12, 2022 8:15am
waiting to short from at or above 1750 after the CPI report
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD_2022-09-12_09-14-12.png Size: 39 KB
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #3,366
  • Sep 12, 2022 8:31am Sep 12, 2022 8:31am
Quoting ForexGoose
waiting to short from at or above 1750 after the CPI report {image}
So you are expecting negative data on cpi which can pupsh the price to 1750 area?
Love for all; Hatred for none.
  • #3,367
  • Sep 12, 2022 8:38am Sep 12, 2022 8:38am
Quoting aahmad29
{quote} So you are expecting negative data on cpi which can pupsh the price to 1750 area?
yep, it is possible since that can create a bull trap

the market is still trying to price in how hawkish the FED will be and if the market is wrong, Gold can go up and then sell-off

currently, the market predicts that the peak interest rate will be in February of next year and the dollar is pulling back
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don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #3,368
  • Sep 12, 2022 8:46am Sep 12, 2022 8:46am
Never trade 1 hr before until 1 hr after any news.
The Wind Guy
  • #3,369
  • Sep 12, 2022 8:52am Sep 12, 2022 8:52am
Quoting aahmad29
{quote} So you are expecting negative data on cpi which can pupsh the price to 1750 area?
if the interest rate will be 4% in 2023 and the FED is not going to cut, then I expect Gold to sell-off heavily as there is no reason to earn a non-yielding asset compared to the Dollar

that is why I'm interested in selling rallies where bull traps can form
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #3,370
  • Sep 12, 2022 10:39am Sep 12, 2022 10:39am
it looks bullish so far today
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don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #3,371
  • Sep 12, 2022 11:27am Sep 12, 2022 11:27am
Closed long position

1724-1733

Half target is achieved

September Target = 20,000 Points
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Love for all; Hatred for none.
  • #3,372
  • Sep 12, 2022 11:41am Sep 12, 2022 11:41am
Quoting ForexGoose
it looks bullish so far today {image}
_____________ Thanks for ur Time + sharin m8
Don’t focus on making $$$, focus on protecting what you have.
  • #3,373
  • Sep 13, 2022 5:16am Sep 13, 2022 5:16am
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Don’t focus on making $$$, focus on protecting what you have.
  • #3,374
  • Edited 6:00am Sep 13, 2022 5:28am | Edited 6:00am
Quoting profits7
{image}
Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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Don’t focus on making $$$, focus on protecting what you have.
  • #3,375
  • Sep 13, 2022 7:49am Sep 13, 2022 7:49am
Quoting ForexGoose
{quote} if the interest rate will be 4% in 2023 and the FED is not going to cut, then I expect Gold to sell-off heavily as there is no reason to earn a non-yielding asset compared to the Dollar that is why I'm interested in selling rallies where bull traps can form
i think it may now reach 1683 after the hot inflation data

bulls could be trapped
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD_2022-09-13_08-48-36.png Size: 35 KB
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #3,376
  • Sep 13, 2022 8:10am Sep 13, 2022 8:10am
small chance of a 100 bps rate hike next week after the latest CPI report
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don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #3,377
  • Sep 13, 2022 8:11am Sep 13, 2022 8:11am
Quoting ForexGoose
{quote} i think it may now reach 1683 after the hot inflation data bulls could be trapped {image}
______________ a Very2 Nice drop m8 = go buy sumetin Very Special for my Wife now
Don’t focus on making $$$, focus on protecting what you have.
  • #3,378
  • Sep 13, 2022 8:28am Sep 13, 2022 8:28am
All short positions are closed. I did not expect such a quick move. Now wait to add more long positions.

Sell 1705 - 1700
Sell 1726 - 1716
Sell 1714 - 1701
Sell 1712 - 1701

Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD.png Size: 33 KB
Love for all; Hatred for none.
  • #3,379
  • Sep 13, 2022 8:32am Sep 13, 2022 8:32am
Quoting ForexGoose
small chance of a 100 bps rate hike next week after the latest CPI report {image}
What do you think that if CPI data couldn't help price to break support at 1660 then tomorrow interest rate will be good enough to break support?
Love for all; Hatred for none.
  • #3,380
  • Sep 13, 2022 9:14am Sep 13, 2022 9:14am
Quoting aahmad29
{quote} What do you think that if CPI data couldn't help price to break support at 1660 then tomorrow interest rate will be good enough to break support?
i think that support at 1683 will break in the near-term because the FED now has to be even more hawkish due to the hot inflation data

the FED meeting is next week so I will wait until then before adding more short positions
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
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