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  • #35,541
  • Jul 11, 2024 9:39am Jul 11, 2024 9:39am
Quoting giveachance
{quote} yes made money both sides as well but again the question comes when there was no demand for gold at 2360. how can there be demand for gold at 2410
Market makers adjusted the price to balance their books and manage risk, pushing the price to $2,410 where new demand was found.
One Percent Daily
  • #35,542
  • Jul 11, 2024 9:45am Jul 11, 2024 9:45am
Quoting DubaiFX
{quote} remember tomorrowi s friday asn michigen sentiment report also, still believe it or not my algo show +5 for gold sentiment is still yet hit the +10 and gold si up 40$ today, bloody banks they have made the profir, because if you really look closely even at 5M or 1M chart you will one move up retail traders dont even have time to buy heavy, that is how banks institutions make money, but when they will take profit, that is where i will make money, questions are a lot look at yen who the hell sold 300 pips down??? and that fast,BOJ did now...
bulls untouchable..
only scalp here and there..
most of the bearish setup failed since October 2023
i dont chase the crush...
i still think liq below 2277 will come (someday)
  • #35,543
  • Jul 11, 2024 10:02am Jul 11, 2024 10:02am
EddieP thanks.
A remark for Id trade, on an intraday basis it looks like gold now has a better relative strength than silver after the initial surge following the CPI release
  • #35,544
  • Jul 11, 2024 10:06am Jul 11, 2024 10:06am
First sell activated 2nd sell pending 47
average dude treading water
  • #35,545
  • Jul 11, 2024 10:06am Jul 11, 2024 10:06am
Quoting MIKKI
First sell activated 2nd sell pending 47
47? 2447?
so why selling now?

and if it will go to 47 it will not stop there.. trust me.
  • #35,546
  • Jul 11, 2024 10:13am Jul 11, 2024 10:13am
Quoting DubaiFX
{quote} remember tomorrowi s friday asn michigen sentiment report also, still believe it or not my algo show +5 for gold sentiment is still yet hit the +10 and gold si up 40$ today, bloody banks they have made the profir, because if you really look closely even at 5M or 1M chart you will one move up retail traders dont even have time to buy heavy, that is how banks institutions make money, but when they will take profit, that is where i will make money, questions are a lot look at yen who the hell sold 300 pips down??? and that fast,BOJ did now...
government officials already confirmed that BOJ has intervened and this time it will work because we are starting a downward trend in inflation
  • #35,547
  • Jul 11, 2024 10:13am Jul 11, 2024 10:13am
Quoting MIKKI
First sell activated 2nd sell pending 47
when did gold touch 2447?
  • #35,548
  • Jul 11, 2024 10:21am Jul 11, 2024 10:21am
Quoting S3000
EddieP thanks. A remark for Id trade, on an intraday basis it looks like gold now has a better relative strength than silver after the initial surge following the CPI release
I agree with you, Gold seems stronger in the short run for now. My strategy is Long SLV $31 Call options with November 15 Expiry and mining stocks.
  • #35,549
  • Jul 11, 2024 10:21am Jul 11, 2024 10:21am
we will probably hit 2453 as the extreme range of this move but it won't go beyond that.
  • #35,550
  • Jul 11, 2024 10:24am Jul 11, 2024 10:24am
Quoting giveachance
{quote} when did gold touch 2447?
Its pending WAITING TO HIT IT.!
average dude treading water
  • #35,551
  • Jul 11, 2024 10:26am Jul 11, 2024 10:26am
for silver the level is 31.92. again with low inflation and high unemployment there will be a massive recession aand people would start taking profits on both the instruments
  • #35,552
  • Jul 11, 2024 10:42am Jul 11, 2024 10:42am
Quoting Whale
{quote} 47? 2447? so why selling now? and if it will go to 47 it will not stop there.. trust me.
If we dont get to 2447 then I have the lower 24 20"s covered
average dude treading water
  • #35,553
  • Jul 11, 2024 10:46am Jul 11, 2024 10:46am
added a crumb to the short collection @ 2418
ma ma make me happy
  • #35,554
  • Jul 11, 2024 10:47am Jul 11, 2024 10:47am
Quoting MIKKI
{quote} If we dont get to 2447 then I have the lower 24 20"s covered
not sure how trader think of target 300
pips away and start selling.

Why we have LTF? To minimize our stop loss.
  • #35,555
  • Jul 11, 2024 10:57am Jul 11, 2024 10:57am
So inflation goes down and gold rallies? Is that how the world works now?
  • #35,556
  • Jul 11, 2024 11:02am Jul 11, 2024 11:02am
Quoting toncuz
So inflation goes down and gold rallies? Is that how the world works now?
lol..

post of genius!
  • #35,557
  • Jul 11, 2024 11:22am Jul 11, 2024 11:22am
Quoting toncuz
So inflation goes down and gold rallies? Is that how the world works now?
I understand that if inflation is going down, fed interest rate cuts are coming soon despite the fed is doing nothing, making dollar weaker and gold stronger. But gold is not related only to dollar.

Anyway , it seems that a correction is in progress. Let see where will it bottoms .

Good luck !!
Sopportare e resistere
  • #35,558
  • Jul 11, 2024 11:22am Jul 11, 2024 11:22am
Quoting Whale
{quote} not sure how trader think of target 300 pips away and start selling. Why we have LTF? To minimize our stop loss.
Don't understand were you get 300pips .I sold at 2415 target 2385 Then have a pending sell at 2447 target 2390 .
average dude treading water
  • #35,559
  • Jul 11, 2024 11:28am Jul 11, 2024 11:28am
Quoting MIKKI
{quote} Don't understand were you get 300pips .I sold at 2415 target 2385 Then have a pending sell at 2447 target 2390 .
2415--->2447
Sorry 320 pips.

now you telling another story.
never mind.. good luck from the bottom of my heart
  • #35,560
  • Jul 11, 2024 11:36am Jul 11, 2024 11:36am
Quoting EddieP
{quote} I agree with you, Gold seems stronger in the short run for now. My strategy is Long SLV $31 Call options with November 15 Expiry and mining stocks.
SLV is a bit penalized today by the base metals like copper which is now 2% down (for what reason ? )
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