Will look for opportunities next month. Same setup all the time. For short stop was above monthly middle pivot(orange line) where it is very protected.
{quote} {image} Im short gold now. Potential target 1894
Next target 1908.5...selling!!
{quote} I feel as though a catalyst is in the making for the dollar, its strength is unmatched but I feel like other countries are not going to appreciate more rallies, and more devaluation of their currency moving forward, especially if the data is supporting inflation going down in the us, it would just show insecurity by the dollar to prove its 'worth' what with it recently being under scrutiny, the dollar is a house of cards in my opinion, just need some wind... Yen/gold are looking like a good hedge, and I am typically in support of dollar,...
i was reading an article about liz trusses stupid ass so wanted to see what effect she had on GU https://www.theguardian.com/politics...ss-premiership lo and behold she made the pound hit a 37 year low with tax cut for rich so guess what?...thats where its going ...i gave the brexit nuts the benefit and posted a blue line but it will probably diddle the lows and then may make a bottom this how i like reading the chart LOL...helps me keep focus where price will end...
{quote} funny you should bring that up cause of course GU is going back there LOL let me explain...over the course of these past months ive posted a set of charts having to do with japans intervention. just last week i posted a chart of GU stupidity..these are all daily and weekly charts...im tired of telling people to lift their nose out of the 1 or 5 min charts cause theyll get brain damage from watching them LOL. if you want to know the future you have to look at the weekly chart at minimum...weekly/quarterly and of course yearly. most people...
{quote} i brought all those charts together to make the point that japans intervention wasnt so much about its yen as the world wide coordinated intervention to pull truss and that insignoifant island out of the cesspool of its own makingthere wont be a worldwide effort this time helping just the yen the other point i was making that GU and gold and every other currency that benefitted from sept 22nd and october dollar dumpage will revisit that level sure as the swallows returning to san juan capistrano and shitting all over the town every...
{quote} i wouldnt count on a BOJ intervention just yet..im gona post a longterm monthly chart outlining why in TA but first..... fundamentally which i try not to use but some do ill so ill just say japan intervened three times in a month ..... on sept 22nd they were part of that coordinated effort to save GU then a month later on oct 21st and 24th they did it again..probably in another coordinated effort to save GU after truss resigned the dollar is over that sept 22nd limit and going to break the october ones when i look at a longterm monthly chart going back 40 years
{quote} I feel as though a catalyst is in the making for the dollar, its strength is unmatched but I feel like other countries are not going to appreciate more rallies, and more devaluation of their currency moving forward, especially if the data is supporting inflation going down in the us, it would just show insecurity by the dollar to prove its 'worth' what with it recently being under scrutiny, the dollar is a house of cards in my opinion, just need some wind... Yen/gold are looking like a good hedge, and I am typically in...
{quote} {quote} {quote} {quote} {quote} ive made alot of posts regarding the dollar in cable thread... i tried tying the last intervention to the GU which was why the japanese intervened...i dont think they planned on it this soon...they definitely will at 160 or above but not now chinas given up but may be coaxed to join another worldwide intervention attempt like in sept 2022 but i doubt it and the BRICS are a joke and a dollar haters wet dream fantasy
{quote} I completely understand your dollar bullishness, its warranted, but do you not think the data is being made to favour the dollar? Look at recent nfp revisions for previous months, 110'000 jobs disappeared, thats a big 'whoopsie'. America needs to appear strong, who else is going to buy all of its debt if it appears weak? It benefits america to show these 'strong' numbers, they were the first to hike aggressively and are still not feeling any effects from the hikes, (don't worry about banks collapsing, nothing to see here), (or the debt ceiling...
{quote}[/b] I may also be speaking out of my ass completely, feel free to call me out. im not trying to pick on you but you did ask
{quote} again thats all fundamentals..i agree with you about our history but the reason america is the world cop is cause we were the only one left standing after ww2 and we made the peace and its held inspite of so many countries having nuclear weapons can you make a TA case for the dollar fall ? this is a technical trading website after all
Do any of you guys have a doc or tutorial to understand the COT on GOLD. I have been trading only by chart analysis but i think it would be great to add some others perspectives on it. THanks in advance
{quote} theres this neat invention...its been around awhile maybe you heard of it...its called google
{quote} Please keep in mind COT can be misleading for analysis
