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  • #40,661
  • Sep 2, 2024 10:27am Sep 2, 2024 10:27am
Quoting Silver-King
Added more Longs now at 28.54$. All Longs will be dumped if the price falls below 28.3$.
Dumped these Longs above 28.5$ and added some below.
Still waiting for that 28.85$...
  • #40,662
  • Sep 2, 2024 12:05pm Sep 2, 2024 12:05pm
Quoting Techknow
{quote} Yeah, this happens a lot; I recommend when coming off a demo, you trade as small as possible until you are comfortable with the emotions of winning and losing; if you are losing because of emotions, you aren't quite ready yet and need more experience. Trade smaller; a trade should not stress you out, ever. You should know before the trade what you can win or lose and be okay with that. If you notice Pedro (using you for the obvious example) says things like, "I'm risking 20% of my last week's profits on this," that's not just him talking,...
Well said
Respect.
Don't compare your Trades with Others
  • #40,663
  • Sep 2, 2024 12:17pm Sep 2, 2024 12:17pm
Hello Guys,
we are back in GOLD as you know NFP makes GOLD crazy just look at Last NFP news,
bas NFP print,
Gold moves up 10$ then drops 50$ that was hell of a move,
tok out many Buyers on the wat nad it was fast as well in 3-4 hours nice move,
anyways NFP is coming up and Don't Count the Dollar out Just YET,
believe me,
if rumors are true about the Carry traders getting back in the game,
Then it will help the USD,
and also SEP cut is already priced in,
even after powel said it was time to PIVOT gold moved 20$ but and then down
so everyone is expecting it,
the important thing ot point out is,
if you look at GOLD movement after the rate CUT from 2010,
and we have done our home work,
most of the time GOLD drops after the rate but,
you may expect it to rise most traders do,
but History i love it,
because it teaches what most of the time what o texpect,
so sep cut gold may rise even to 2550 i dont care,
but 2400 even coming weeks after the rate cut 2300 is very much possible,
i will remind you guys when time comes,
so my point?
my advise is Be careful if you are looking to buy even if NFP is bad
for me its not a good time to BUY,
on the other hand sell will be tricky,
yes we can go for 10$ move its easy,
but to get the starting point when and if gold drops will be hard,
we have NFP CPI and other news before the Meeting,
but as 99% are expecting there will be a rate cut,
and i can assure you,
USD may dip but it will bounce back Fast and hard,

most traders dont understand how and why the hell Big boys and banks do the way they manipulate the market its all about money they want ot make money, as we do all,

and if that happens GOLD will be in trouble,
so lets wait and see,
that was Long term Analysis,
now lets Focus on NFP,
will see you guys on Friday before NFP 3 hours will post our analysis on GOLD and Currencies,
in the mean time Subscribe to our channel to get free updates,
good luck.
Don't compare your Trades with Others
  • #40,664
  • Sep 2, 2024 12:32pm Sep 2, 2024 12:32pm
Quoting DubaiFX
Hello Guys, we are back in GOLD as you know NFP makes GOLD crazy just look at Last NFP news, bas NFP print, Gold moves up 10$ then drops 50$ that was hell of a move, tok out many Buyers on the wat nad it was fast as well in 3-4 hours nice move, anyways NFP is coming up and Don't Count the Dollar out Just YET, believe me, if rumors are true about the Carry traders getting back in the game, Then it will help the USD, and also SEP cut is already priced in, even after powel said it was time to PIVOT gold moved 20$ but and then down so everyone is expecting...
Right you are. The last 7 years, Gold ended with loss in September. Looking back 11 years, Gold managed only once a positive return in September. Around ATH currently and with 25 points cut priced in already, there is not much upside potential. I expect one final shot marking new ATH towards 2540/75 zone and that's it. From there drop to 2375. Remember, last year in September Gold dropped about 300 Dollars from high to low.
So only a unexpected 50 points cut opens door for 2600 and beyond. If NFP comes within expectations, you don't need to wait for Powell. As metals markets will tank already.
  • #40,665
  • Sep 2, 2024 12:47pm Sep 2, 2024 12:47pm
We're all getting pretty Bearish on the PMs... and we're probably right. Silver's looking pretty bad... unless a miracle happens, PMs should be dropping hard before US selections.

I wonder though... how many of you will actually "invest" in Gold when it gets to 2350$, 2300$ or lower? Will anyone actually open some Longs at 2300$ and leave that trades aside for a few years for example? I mean... the potential is enormous... 3000$, 4000$ maybe north of 5000$ by 2030 or sooner, who knows.

Mannarino is calling for 1/1 Dow/Gold and 15/1 Gold/Silver. Sounds amazing and it's actually possible.

I know I will...
  • #40,666
  • Sep 2, 2024 12:51pm Sep 2, 2024 12:51pm
Quoting Silver-King
We're all getting pretty Bearish on the PMs... and we're probably right. Silver's looking pretty bad... unless a miracle happens, PMs should be dropping hard before US selections.
Don't misundertand me, short term bearish. Only September I would avoid big buy positions. The wedding season in India starting October always provided headwind for Gold.. September down, October stabilization, November up, December sideways/down, January sideways/up, February up, March up
  • #40,667
  • Sep 2, 2024 12:53pm Sep 2, 2024 12:53pm
Quoting Dayi
{quote} Don't misundertand me, short term bearish. Only September I would avoid big buy positions. The wedding season in India starting October always provided headwind for Gold.. September down, October stabilization, November up, December sideways/down, January sideways/up, February up, March up
Short-term Bearish, of course. We know what's coming...
  • #40,668
  • Sep 2, 2024 1:57pm Sep 2, 2024 1:57pm
I'm preparing to Short PMs. We had our highs.
  • #40,669
  • Sep 2, 2024 9:53pm Sep 2, 2024 9:53pm
It’s time to reset , 2400 will be for sure below that will be sweet , it is to much in oversold bracket
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  • #40,670
  • Sep 2, 2024 10:22pm Sep 2, 2024 10:22pm
Quoting Silver-King
We're all getting pretty Bearish on the PMs... and we're probably right. Silver's looking pretty bad... unless a miracle happens, PMs should be dropping hard before US selections. I wonder though... how many of you will actually "invest" in Gold when it gets to 2350$, 2300$ or lower? Will anyone actually open some Longs at 2300$ and leave that trades aside for a few years for example? I mean... the potential is enormous... 3000$, 4000$ maybe north of 5000$ by 2030 or sooner, who knows. Mannarino is calling for 1/1 Dow/Gold and 15/1 Gold/Silver....
Invest in gold at 2300? Leaves that trade+Swap going for a few years? Hard pass. Unless you are buying gold bars you would not just buy and hold gold. At some point in golds life it will reach 1836 and I have 0 interest in holding anything that has major gaps hundreds of dollars below current price action.
TechKnow
  • #40,671
  • Sep 2, 2024 10:26pm Sep 2, 2024 10:26pm
buy 2495 to 2510, WML
Gold Price Channels
  • #40,672
  • Sep 2, 2024 10:26pm Sep 2, 2024 10:26pm
Quoting Techknow
{quote} Invest in gold at 2300? Leaves that trade+Swap going for a few years? Hard pass. Unless you are buying gold bars you would not just buy and hold gold. At some point in golds life it will reach 1836 and I have 0 interest in holding anything that has major gaps hundreds of dollars below current price action.
Gold's never going below 2000$ again in my opinion. When stocks go down, the Gold could be worth around 5000$, so gaps below 2000$ won't matter much.
Also, forget 2300$... whatever the next low is for the Gold (whether it's 1800$ back again or 2300$), so... investing from there.
  • #40,673
  • Sep 2, 2024 10:37pm Sep 2, 2024 10:37pm
Quoting Silver-King
{quote} Gold's never going below 2000$ again in my opinion. When stocks go down, the Gold could be worth around 5000$, so gaps below 2000$ won't matter much. Also, forget 2300$... whatever the next low is for the Gold (whether it's 1800$ back again or 2300$), so... investing from there.
My man, saying gold is never going below 2k again is the craziest thing I have ever read in here and I have read some crazy things

Gold will 10000000000000% trade under 2000 again. 1836 Hits ill buy gold just as you say though, ill buy all the gold there ever was at that point.
TechKnow
  • #40,674
  • Sep 2, 2024 10:38pm Sep 2, 2024 10:38pm
Dumped half of the Longs on the Silver at BE and will see about the remaining half... how the situation develops.
  • #40,675
  • Sep 2, 2024 10:48pm Sep 2, 2024 10:48pm
Quoting Techknow
{quote} My man, saying gold is never going below 2k again is the craziest thing I have ever read in here and I have read some crazy things Gold will 10000000000000% trade under 2000 again. 1836 Hits ill buy gold just as you say though, ill buy all the gold there ever was at that point.
I personally won't be waiting for the Gold to drop below 2000$ to start "investing"... why on Earth would the Gold drop below 2000$ again? Fed will accelerate the death of the USD by cutting rates now in September. In my opinion, the lowest the Gold could drop to is 2150$, however 2085$ would be another price I'd give some chance as well. These are extremes however, especially 2085$.

I don't really understand why would the Gold drop 700$... what's your thinking behind it?
  • #40,676
  • Sep 2, 2024 11:39pm Sep 2, 2024 11:39pm
Quoting Silver-King
{quote} I personally won't be waiting for the Gold to drop below 2000$ to start "investing"... why on Earth would the Gold drop below 2000$ again? Fed will accelerate the death of the USD by cutting rates now in September. In my opinion, the lowest the Gold could drop to is 2150$, however 2085$ would be another price I'd give some chance as well. These are extremes however, especially 2085$. I don't really understand why would the Gold drop 700$... what's your thinking behind it?
It does not take any thinking my friend. I know for a 100% fact that as long as a giant gap remains at 1836, it is a downside target that will 100% be hit in time. Under what thinking would you ever deem necessary to ever say something will never happen again in trading?

Anything can and will happen at any time. If gold shoots to 4k it will still come back to 1836. 100000% Please do not find yourself in the habit of thinking something cant happen. 1836 is inevitable. Therefore I would not long term hold gold anything until that is filled.

Edit: The dollar will never die without the world ending. Please understand this.
TechKnow
  • #40,677
  • Sep 2, 2024 11:55pm Sep 2, 2024 11:55pm
Quoting Techknow
{quote} It does not take any thinking my friend. I know for a 100% fact that as long as a giant gap remains at 1836, it is a downside target that will 100% be hit in time. Under what thinking would you ever deem necessary to ever say something will never happen again in trading? Anything can and will happen at any time. If gold shoots to 4k it will still come back to 1836. 100000% Please do not find yourself in the habit of thinking something cant happen. 1836 is inevitable. Therefore I would not long term hold gold anything until that is filled....

You start from the assumption that all gaps need to close, which is wrong.

I also think that we will never go below 2000 ....
  • #40,678
  • Sep 3, 2024 12:29am Sep 3, 2024 12:29am
Quoting NrSLionHeart
{quote} You start from the assumption that all gaps need to close, which is wrong. I also think that we will never go below 2000 ....
Lol
Fate goes ever, as fate must.
  • #40,679
  • Sep 3, 2024 1:23am Sep 3, 2024 1:23am
Quoting NrSLionHeart
{quote} You start from the assumption that all gaps need to close, which is wrong. I also think that we will never go below 2000 ....
Lol, okay. Thanks for your expert advice.
TechKnow
  • #40,680
  • Sep 3, 2024 1:41am Sep 3, 2024 1:41am
We all have our own opinion and that's fine.

So far... nothing much going on.
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