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  • #20,261
  • Oct 2, 2023 2:39am Oct 2, 2023 2:39am
My bias is indicating a move to 1860 before it comes back 1820.

What is the general sentiment over here?
  • #20,262
  • Oct 2, 2023 2:44am Oct 2, 2023 2:44am
https://charts.mql5.com/37/479/xauus...investindo.png

Gold have change finishing to go down, (in my mind). green line is key support for this product, comonly gold will be reaction if touch support or resistance area. So may be we will see it.
Strategi: buy gold if price rebound from the area and see the price action on there. usually market will make reversal pattern like morning star candle, Head and shoulders, or another you call.
Sell if the market broken this area, if market closed lower than support area (green line) so it's the signal bearish trend is the king still since 2 weeks ago.
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  • #20,263
  • Oct 2, 2023 2:52am Oct 2, 2023 2:52am
Quoting deusmitte
My bias is indicating a move to 1860 before it comes back 1820. What is the general sentiment over here?
Personally, buy side liquidity grabbed we move lower now towards 23-28
  • #20,264
  • Oct 2, 2023 3:04am Oct 2, 2023 3:04am
Quoting d1zzy
{quote} Personally, buy side liquidity grabbed we move lower now towards 23-28
The lower it goes, the cheaper physical gold I can buy.
  • #20,265
  • Oct 2, 2023 3:15am Oct 2, 2023 3:15am
Quoting MrFanciful
{quote} The lower it goes, the cheaper physical gold I can buy.
How do you buy it in the UK? In ounces? or grams
  • #20,266
  • Oct 2, 2023 3:22am Oct 2, 2023 3:22am
let's look at some levels given by WPPs
H2, WPPs, WR1&S1 (Classic&DeMark's)
Attached Image (click to enlarge)
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charting with fxstreet
...and we've got plenty of missed PPs, Daily&Weekly from last week
but after all I am curious if "massacro" to be continued
dolce vita
  • #20,267
  • Oct 2, 2023 3:26am Oct 2, 2023 3:26am
Quoting babayaga
let's look at some levels given by WPPs H2, WPPs, WR1&S1 (Classic&DeMark's) {image} and we've got plenty of missed PPs, Daily&Weekly from last week but after all I am curious if "massacro" to be continued
As of right now market seems to struggle for direction. Move into the upside is the most likely, hence the reason for it to continue dropping further.

Wrecking ball Dollar seems unfazed
  • #20,268
  • Oct 2, 2023 3:36am Oct 2, 2023 3:36am
Quoting d1zzy
{quote} How do you buy it in the UK? In ounces? or grams
It's typically in ounces, although you also get small bars in grams.

The small bars are more expensive as a price/weight ratio but when the global fiat currencies totally collapse, those bars will be easier to spend rather than a britannia at £15,000 - £20,000 (although at that point, comparing gold to fiat currencies won't make any sense at all). And if you think I'm crazy for thinking that's where the prce is going, it's gone up 433% against the pound since 2007 and 240% against the dollar.

Things are many orders of magnitude worse now than they were in 2007-2008.
  • #20,269
  • Oct 2, 2023 3:47am Oct 2, 2023 3:47am
Quoting deusmitte
{quote} As of right now market seems to struggle for direction. Move into the upside is the most likely, hence the reason for it to continue dropping further. Wrecking ball Dollar seems unfazed
probably you are right, let's wait for next H4 candle & be ready for news before and after NYO
dolce vita
  • #20,270
  • Oct 2, 2023 4:07am Oct 2, 2023 4:07am
Quoting MrFanciful
{quote} It's typically in ounces, although you also get small bars in grams. The small bars are more expensive as a price/weight ratio but when the global fiat currencies totally collapse, those bars will be easier to spend rather than a britannia at £15,000 - £20,000 (although at that point, comparing gold to fiat currencies won't make any sense at all). And if you think I'm crazy for thinking that's where the prce is going, it's gone up 433% against the pound since 2007 and 240% against the dollar. Things are many orders of magnitude worse now...
Since 2008 we had a sustained period of low inflation and low yields. We're now in a normal yield and high inflation period. I think that's going to continue for some time yet, and we're only really at normal not high for yields yet.

If I'm right, then saying gold will grow at the same rate is flawed. When yields were low the safe haven of gold made sense, that's not true anymore. Can't see gold going over 2000 and holding there any time soon.
  • #20,271
  • Oct 2, 2023 4:17am Oct 2, 2023 4:17am
Quoting Fenty
{quote} Since 2008 we had a sustained period of low inflation and low yields. We're now in a normal yield and high inflation period. I think that's going to continue for some time yet, and we're only really at normal not high for yields yet. If I'm right, then saying gold will grow at the same rate is flawed. When yields were low the safe haven of gold made sense, that's not true anymore. Can't see gold going over 2000 and holding there any time soon.
The US also didn't have a debt/tax revenue of 670% either and budget deficit of 42% of tax revenue.
  • #20,272
  • Oct 2, 2023 4:26am Oct 2, 2023 4:26am
Few more drops like this and I’ll recover lol, god bless America
  • #20,273
  • Oct 2, 2023 4:27am Oct 2, 2023 4:27am
Quoting deusmitte
{quote} As of right now market seems to struggle for direction. Move into the upside is the most likely, hence the reason for it to continue dropping further. Wrecking ball Dollar seems unfazed
Some one here called the dollar a bad ass mf and I agree wholeheartedly
  • #20,274
  • Oct 2, 2023 4:30am Oct 2, 2023 4:30am
Quoting d1zzy
{quote} Some one here called the dollar a bad ass mf and I agree wholeheartedly
But he also said it was due to his team having one of their coorupt multi millionaires in the White house as opposed to one of the corrupt multi millionaires of the the other teams, even though there is only one team.
  • #20,275
  • Oct 2, 2023 4:36am Oct 2, 2023 4:36am
Quoting luckytujuh
potential swing buy from 1827.93 1 small lot buy entry from 1832.47 for fomo traders {image}

Small lot entered . Long 1 now
Trading is very lonely
  • #20,276
  • Oct 2, 2023 4:38am Oct 2, 2023 4:38am
Quoting MrFanciful
{quote} But he also said it was due to his team having one of their coorupt multi millionaires in the White house as opposed to one of the corrupt multi millionaires of the the other teams, even though there is only one team.
They're all the same aren't they, each to their own I guess
  • #20,277
  • Edited 5:00am Oct 2, 2023 4:43am | Edited 5:00am
1 long small entry at 1932.2

2nd position limit at 1827.93. Sl both at 1819

Both tp 1956 or hold swing
Trading is very lonely
  • #20,278
  • Oct 2, 2023 4:48am Oct 2, 2023 4:48am
Quoting madhfriendz
{quote} For the long term i believe 1830, 1740 in queue.
  • #20,279
  • Oct 2, 2023 4:50am Oct 2, 2023 4:50am
Quoting luckytujuh
2nd position limit at 1827.93. Sl both at 1819 Both tp 1956 or hold swing
  • #20,280
  • Oct 2, 2023 4:52am Oct 2, 2023 4:52am
the support is 1805
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