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  • #38,821
  • Aug 16, 2024 5:23pm Aug 16, 2024 5:23pm
Quoting Erebus
{quote} Look where that savage reversal went, to the daily, weekly, and monthly average targets, left the previous stop level lines for reference. {image}
gap up Monday.
Que Sera
  • #38,822
  • Aug 16, 2024 5:48pm Aug 16, 2024 5:48pm
A New Fed Member And Voter

FED'S WONABI: THE CONSUMER DATA CAME IN STRONG | INFLATION EXPECTATIONS STILL ELEVATED

FED'S WONABI: GIVEN THE NEW GEOPOLITICAL RISKS, WE'LL MIGHT HAVE TO STAY RESTRICTIVE FOR LONGER

FED'S WONABI: DO NOT SHARE THE VIEW THAT FED IS LATE WITH RATE CUTS

FED'S WONABI: A LOT COULD CHANGE IN THE NEXT COUPLE OF MONTHS AND SO CAN OUR OUTLOOK
  • #38,823
  • Aug 16, 2024 5:57pm Aug 16, 2024 5:57pm
Before
Quoting tuga74
Just another guess, but probably will be bearish {image}
After, pretty close
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  • #38,824
  • Aug 16, 2024 6:02pm Aug 16, 2024 6:02pm
Last 3 stops for Train 2530 are:

Stop #1 2456
Stop #2 2458
Stop #3 2460

Boarding Tuesday Arriving Friday August 23 at 4PM.

.; Choo Choo

If you miss this train make sure to be properly prepared for boarding of Train 2620.
Cheers
  • #38,825
  • Aug 16, 2024 6:05pm Aug 16, 2024 6:05pm
Quoting BigB-
I'm a new trader and here is an out of the box thought: wouldn't most retail traders selling and going short at 2490-2500 just create liquidity for the big people ? could it be that there is a missile ready and waiting to be launched towards Iran or Israel and push the price higher ? (for the exact same purpose as the first Idea) I would like to hear you guys' opinion on these.
Missile is unnecessary. The price broke 2500$ even without it. Most of the retail is probably not as Short as before the price broke 2500$, but I could be wrong. However, there are definitely less and less of the retail that is Long.
  • #38,826
  • Aug 16, 2024 6:13pm Aug 16, 2024 6:13pm
If markets have to move substantially higher it needs fresh sellers. Someone must cover costs of increasing the price. At this point, forget about new sellers, plenty of existing ones are probably hedged by at least 50%. In case of a reversal, only legacy sellers that have a reason to hold their positions for a long time will hold. Late joiners will take relatively quick profits.

Just look at the big charts, if it doesn't ring a bell, then I don't know what to say other than I wish mercy on your soul.
ma ma make me happy
  • #38,827
  • Aug 16, 2024 6:29pm Aug 16, 2024 6:29pm
Quoting worldbankinc
{quote} UPDATE : Signal 43-2024 has triggered BUY order {image} {image}
UPDATE : Signal 43-2024 BUY order hit TP

Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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  • #38,828
  • Aug 16, 2024 6:37pm Aug 16, 2024 6:37pm
Quoting worldbankinc
{quote} UPDATE : Signal 43-2024 BUY order hit TP {image} {image}
NEW : Signal 44-2024 has just released over weekend

Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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  • #38,829
  • Aug 16, 2024 6:57pm Aug 16, 2024 6:57pm
Quoting Catempire
{quote} At this point in proceedings. The sellers are the shorts, whether you like it or not, MR Market will be having it. looks likely for 2540+. The second long term top. Short lived. dip 2180 / 2080 very fast rebound with interest rates staying up. End October/november, load up load up, all aboard.
Weak ones are possibly gone, only cockroach bears can survive all this chopping that have lasted for several months now. Another $40 dollars is not going to hurt them much, they are possibly already prepared to defend. Market will only risk adding more bears by pulling prices higher, not many will buy either. They will rather let it drop sooner than later imo.
ma ma make me happy
  • #38,830
  • Aug 16, 2024 7:40pm Aug 16, 2024 7:40pm
Quoting Karanjot
Manipulation at it’s highest level , gold up 500 pips , for no reason , no news nothing, market makers working overtime today , let’s see what bring next week for investors
not really bro, if as you said manipulation at highest level, market is going to push price to reach my TP3
2 Corinthians 12:9
  • #38,831
  • Aug 16, 2024 8:03pm Aug 16, 2024 8:03pm
It's not uncommon for gold to hover 1.500 pips for a month, so the possibility for Gold to reach 2.550 is still open.

Attached Image (click to enlarge)
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Gold Price Channels
  • #38,832
  • Edited 8:43pm Aug 16, 2024 8:30pm | Edited 8:43pm
just a shit post:

I think gold is run by mafia-like syndicate. They lure you in with the promise of good profits, but when you least expect it, they take everything you've got. A couple of a few weeks good profit and then all gone in a single day!

You see gold rise from $2350 to $2400 in a single day. Naturally, you think it's going to correct itself and come down, so you take a short position. But then, out of nowhere, it starts climbing even higher - $2450, $2500, $2550 - until your position is wiped out and you've lost all your money.
  • #38,833
  • Aug 16, 2024 10:12pm Aug 16, 2024 10:12pm
Quoting Tintin2014
just a shit post: I think gold is run by mafia-like syndicate. They lure you in with the promise of good profits, but when you least expect it, they take everything you've got. A couple of a few weeks good profit and then all gone in a single day! You see gold rise from $2350 to $2400 in a single day. Naturally, you think it's going to correct itself and come down, so you take a short position. But then, out of nowhere, it starts climbing even higher - $2450, $2500, $2550 - until your position is wiped out and you've lost all your money.
ah yes the market manipulated by mafia because you are not greedy and you have very good money management
2 Corinthians 12:9
  • #38,834
  • Aug 16, 2024 10:37pm Aug 16, 2024 10:37pm
i had placed a short at 2502, will add short again at 2540++ if reach.
TP set 2400-2420 range.
Shorted because of Israel–Hamas war might have good news in coming week.
play with small lot and account management risk control.
  • #38,835
  • Aug 16, 2024 10:44pm Aug 16, 2024 10:44pm
Quoting goldenwizard
{quote} ah yes the market manipulated by mafia because you are not greedy and you have very good money management
you hint it
Gold Price Channels
  • #38,836
  • Aug 16, 2024 11:39pm Aug 16, 2024 11:39pm
Quoting Headsman
Last 3 stops for Train 2530 are: Stop #1 2456 Stop #2 2458 Stop #3 2460 Boarding Tuesday Arriving Friday August 23 at 4PM. .; Choo Choo If you miss this train make sure to be properly prepared for boarding of Train 2620. Cheers
Are you expecting a retracement to these levels by Tuesday?
  • #38,837
  • Aug 17, 2024 1:05am Aug 17, 2024 1:05am
Quoting Pranjal
{quote} 2480 done and a correction to 2425 also done. Now next what? Minimum target of 3rd wave is 2520-2525.
we are close to 2520.
After 2520 we may see a short correction to 23 or 38 fib levels of this impulse move. Then we move beyond 2560[maybe2600]
When gold was at 2420 someone advised me to bet my farm and cows on longs. Glad I listened to him . Thanks to that man.
  • #38,838
  • Aug 17, 2024 1:27am Aug 17, 2024 1:27am
The plan is now to wait for the price to start retracing whether it'll be this month, the next month or the next year.
However, I don't think I'll have to wait for too much longer.
  • #38,839
  • Aug 17, 2024 3:08am Aug 17, 2024 3:08am
Quoting Tintin2014
just a shit post: I think gold is run by mafia-like syndicate. They lure you in with the promise of good profits, but when you least expect it, they take everything you've got. A couple of a few weeks good profit and then all gone in a single day! You see gold rise from $2350 to $2400 in a single day. Naturally, you think it's going to correct itself and come down, so you take a short position. But then, out of nowhere, it starts climbing even higher - $2450, $2500, $2550 - until your position is wiped out and you've lost all your money.
not sure you can blame the maffia for pressing the wrong button Tintin.
Que Sera
  • #38,840
  • Aug 17, 2024 4:25am Aug 17, 2024 4:25am
Quoting Catempire
{quote} gap up Monday.
Normally gap ups are the most 20 pips Asia markets usually just set up high or low for the day. Gold will need to come back to 2485 previous high sometime
average dude treading water
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