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  • #44,921
  • Sep 27, 2024 8:37am Sep 27, 2024 8:37am
Quoting SnakeDok
{quote} Yes and No, large investors can take profit even if they expect the price to continue rising, and the explanation is that Gold is a safe long term investment but not the best return there is, get's outperformed by SP500 for example, so investors can take profit out of gold to invest in slightly more risky assets to make more profits if the situation calms down. Gold is the n1 refuge during doubt periods, right now US election plays a big role. If Trump gets elected and applies his tax cuts you could see a lot of capital coming out of gold...
Youre taking about carry trades, and we saw the affects of those when BOJ raised their interest rates on that weekend on the following Monday when everything was red, this was a few weeks ago or was it a month ago I don’t remember lol.
  • #44,922
  • Sep 27, 2024 8:39am Sep 27, 2024 8:39am
[quote=SnakeDok;15012551]{quote} Yes and No, large investors can take profit even if they expect the price to continue rising, and the explanation is that Gold is a safe long term investment but not the best return there is, get's outperformed by SP500 for example, so investors can take profit out of gold to invest in slightly more risky assets to make more profits if the situation calms down. Gold is the n1 refuge during doubt periods, right now US election plays a big role. If Trump gets elected and applies his tax cuts you could see a lot of capital coming out of gold to go into stocks instead, tech for example.[/quote

if golds the safest place for “large” amounts of money, there’s no reason to believe they would take profit. We’re talking “large” billions.

Who’s going to sell out to a depreciating dollar, high inflation & ever more likely war. Investing is about fundamentals, not weekly / monthly swings.
Que Sera
  • #44,923
  • Sep 27, 2024 8:39am Sep 27, 2024 8:39am
Since the NY open, I'm seeing an elevated level of buyside volume on my footprint chart. Lots of buying pressure holding the price from dropping.
  • #44,924
  • Sep 27, 2024 8:39am Sep 27, 2024 8:39am
Right now anyway the situation is anything but stable, i mean Putin used the word " Nuclear " in a statement, like wtf
  • #44,925
  • Sep 27, 2024 8:41am Sep 27, 2024 8:41am
Quoting Catempire
Quoting SnakeDok
{quote} Yes and No, large investors can take profit even if they expect the price to continue rising, and the explanation is that Gold is a safe long term investment but not the best return there is, get's outperformed by SP500 for example, so investors can take profit out of gold to invest in slightly more risky assets to make more profits if the situation calms down. Gold is the n1 refuge during doubt periods, right now US election plays a big role. If Trump gets elected and applies his tax cuts you could see a lot of
...
The people with these kind of wealth never have the majority in gold, usually the consensus is to have between 10-20% in Gold/bonds
  • #44,926
  • Sep 27, 2024 8:44am Sep 27, 2024 8:44am
Quoting Catempire
{quote} may god have mercy on your soul. whats your draw down @ % ? did you never think to cover rather than keep opening ? Dangerous way of trading.
I trade and take profit and then close some loss
But I actually wait until 2530
Patience is "The Key"
  • #44,927
  • Sep 27, 2024 8:44am Sep 27, 2024 8:44am
Quoting Catempire
Quoting SnakeDok
{quote} Yes and No, large investors can take profit even if they expect the price to continue rising, and the explanation is that Gold is a safe long term investment but not the best return there is, get's outperformed by SP500 for example, so investors can take profit out of gold to invest in slightly more risky assets to make more profits if the situation calms down. Gold is the n1 refuge during doubt periods, right now US election plays a big role. If Trump gets elected and applies his tax cuts you could see a lot of
...
I think you are misunderstand about gold
  • #44,928
  • Sep 27, 2024 8:45am Sep 27, 2024 8:45am
Quoting SnakeDok
Right now anyway the situation is anything but stable, i mean Putin used the word " Nuclear " in a statement, like wtf
well. With the west pushing nato to his doorstep & supplying Ukraine with long range missiles..

Anyone see him surrendering?

what's the outcome ?

escalation.
Que Sera
  • #44,929
  • Sep 27, 2024 8:45am Sep 27, 2024 8:45am
Quoting 19monza64
{quote} You can survive as long as you have margin. Below the margin the broker automatically closes your operations and bye bye
It's inevitable
Patience is "The Key"
  • #44,930
  • Sep 27, 2024 8:45am Sep 27, 2024 8:45am
Quoting Vuki
{quote} Looks more like long setups gonna be triggered today.
You are still very young, please consider it
vankiepsauff@gmail
  • #44,931
  • Sep 27, 2024 8:45am Sep 27, 2024 8:45am
Quoting janusforex
{quote} all i can say is.....good luck
thanks buddy
Patience is "The Key"
  • #44,932
  • Sep 27, 2024 8:45am Sep 27, 2024 8:45am
Quoting alania
{quote} I trade and take profit and then close some loss But I actually wait until 2530
2530? The person you are looking for is not in this room, he has his own thread in the commercial section lol.
  • #44,933
  • Sep 27, 2024 8:45am Sep 27, 2024 8:45am
Quoting alania
Hi to all I'm a seller and I'm still alive How long can I survive you predict?{image}
hopefully goes to your DCA price atleast possible depending on ur buys… but if it did would u hold on? Or close?
  • #44,934
  • Sep 27, 2024 8:49am Sep 27, 2024 8:49am
Quoting d1zzy
{quote} 2530? The person you are looking for is not in this room, he has his own thread in the commercial section lol.
I really want to meet him

Quoting Interesting0
{quote} hopefully goes to your DCA price atleast possible depending on ur buys… but if it did would u hold on? Or close?
2530 is my target
Patience is "The Key"
  • #44,935
  • Sep 27, 2024 8:52am Sep 27, 2024 8:52am
w hiy 423.6
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDWeekly2709.png Size: 17 KB
vankiepsauff@gmail
  • #44,936
  • Sep 27, 2024 8:56am Sep 27, 2024 8:56am
Follow me here guys, if you want my to see my results
https://www.forexfactory.com/thread/...-trade-journal
Behind Every Chart Lies An Opportunity Waiting To Be Uncovered.!!!
  • #44,937
  • Sep 27, 2024 8:58am Sep 27, 2024 8:58am
Quoting alania
{quote} It's inevitable
Aside from some genius in here who goes long and short on the same day there is one thing you need to consider. If you follow the trend and make a mistake in entering, you can always mediate and bring home the profitable operation. But if you go against the trend and make a mistake in entering most of the time you're fine but since the black swan exists, the time it goes badly you burn your account. This is not a money management technique but simply common sense.
  • #44,938
  • Sep 27, 2024 8:58am Sep 27, 2024 8:58am
Quoting Catempire
{quote} well. With the west pushing nato to his doorstep & supplying Ukraine with long range missiles.. Anyone see him surrendering? what's the outcome ? escalation.
Eurpope receiving his anger and very escalation
  • #44,939
  • Sep 27, 2024 9:10am Sep 27, 2024 9:10am
Jesus if you watch Netanyahu's speech the chat is is a legit warzone
  • #44,940
  • Sep 27, 2024 9:11am Sep 27, 2024 9:11am
NFP forecasted to come out at 135k. Surprisingly optimistic if you ask me. Basically, they're forecasting that everything will come out better than previous data.
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Timothy098