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  • #51,101
  • Nov 8, 2024 2:58am Nov 8, 2024 2:58am
Quoting Mitiblotch
{quote} Stop the lying and fear mongering. You don't know Elon Musk neither do you know what he'll do. Secondly, he doesn't have the power to award contracts. Thirdly, there is a vetting process for such things.
Blessed are you who still believe in fairy tales
  • #51,102
  • Nov 8, 2024 3:06am Nov 8, 2024 3:06am
No diving into any trades for me.

Very new to this but waiting on my third touch of my touch line trends but the movements are being very stubborn.

maybe Friday is a day to avoid, this is what I’ve been reading the last 6 months of researching.
  • #51,103
  • Nov 8, 2024 3:07am Nov 8, 2024 3:07am
reversal incoming back up? Should be going down with more reasons to go down and no current reason to go up but doesn’t look that way.
  • #51,104
  • Nov 8, 2024 3:09am Nov 8, 2024 3:09am
Doing a similar pattern as previous small correction and possible swing back without mercy or maybe just my psychology watching gold too much for months caught in the never ending bull view
  • #51,105
  • Nov 8, 2024 3:11am Nov 8, 2024 3:11am
Quoting Interesting0
reversal incoming back up? Should be going down with more reasons to go down and no current reason to go up but doesn’t look that way.
Rates were cut yesterday by .25, so why would gold be buying, IMO we should be heading down
  • #51,106
  • Nov 8, 2024 3:13am Nov 8, 2024 3:13am
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its all about Karma
  • #51,107
  • Nov 8, 2024 3:13am Nov 8, 2024 3:13am
Quoting 69Doggy
{quote} Rates were cut yesterday by .25, so why would gold be buying, IMO we should be heading down
rates cut = gold up not down, only .25 if it was .50 would’ve definitely somewhat gone up a lot more
  • #51,108
  • Nov 8, 2024 3:19am Nov 8, 2024 3:19am
Quoting Interesting0
{quote} rates cut = gold up not down, only .25 if it was .50 would’ve definitely somewhat gone up a lot more
DX pushing gold down and the possibility of world peace trump Russia, dollar may have had its moment on the election win and settle back into reality Trump policies are easier said than implemented
  • #51,109
  • Nov 8, 2024 3:20am Nov 8, 2024 3:20am
https://www.forexfactory.com/thread/...6#post15054536
?2718
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  • #51,110
  • Nov 8, 2024 3:21am Nov 8, 2024 3:21am
Quoting Interesting0
reversal incoming back up? Should be going down with more reasons to go down and no current reason to go up but doesn’t look that way.
Id say this is support turned resistance, will have to see if it holds
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  • #51,111
  • Nov 8, 2024 3:25am Nov 8, 2024 3:25am
Quoting Interesting0
{quote} rates cut = gold up not down, only .25 if it was .50 would’ve definitely somewhat gone up a lot more
Long term gold is definitely bullish and we might see 3000+ by the end of the year, however, how big of a retracement do we need to get there, 1500, 1600, 2000 ??
  • #51,112
  • Nov 8, 2024 3:26am Nov 8, 2024 3:26am
Quoting Interesting0
{quote} DX pushing gold down and the possibility of world peace trump Russia, dollar may have had its moment on the election win and settle back into reality Trump policies are easier said than implemented
I mean the DXY ain't doing anything...Don't mistake the effect of higher yields and safe haven appeal...the latter is what you're looking for, but yes both appear to be weighing on gold.
  • #51,113
  • Nov 8, 2024 3:26am Nov 8, 2024 3:26am
I will buy 2668-65 for nice bounce
People don't plan to lose. They lose because they don't plan.
  • #51,114
  • Nov 8, 2024 3:27am Nov 8, 2024 3:27am
also the dollar isn’t the king as much as it used to be still is sat on the throne but the world is getting closer on dethroning
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  • #51,115
  • Nov 8, 2024 3:35am Nov 8, 2024 3:35am
Quoting 69Doggy
{quote} Long term gold is definitely bullish and we might see 3000+ by the end of the year, however, how big of a retracement do we need to get there, 1500, 1600, 2000 ??
You're living in fairytale if you believe gold is going down there, once in history has gold lost more than 25% and that took years, when the Fed ended QE2...2200 possible, but unlikely 2400 seems more likely on a deep retracement, but theres always the more likely...it doesn't have to trade down there again, over history gold tends to not revisit many levels its traded it at...
  • #51,116
  • Nov 8, 2024 3:39am Nov 8, 2024 3:39am
Quoting Neowarcloud
{quote} You're living in fairytale if you believe gold is going down there, once in history has gold lost more than 25% and that took years, when the Fed ended QE2...2200 possible, but unlikely 2400 seems more likely on a deep retracement, but theres always the more likely...it doesn't have to trade down there again, over history gold tends to not revisit many levels its traded it at...
I don’t think it’s ever going back to the 1000’s possibly low 2000’s but years away from that and world economies thriving having little gold appeal. Unconvinced trump policies will strengthen the dollar may just alienate more in a world that’s shifting away from the dollar as it is.
  • #51,117
  • Nov 8, 2024 3:55am Nov 8, 2024 3:55am
Sheep ??
  • #51,118
  • Nov 8, 2024 3:58am Nov 8, 2024 3:58am
Quoting Whale
Sheep ??
Baaaa Baaaaa muthaflocker
  • #51,119
  • Nov 8, 2024 4:00am Nov 8, 2024 4:00am
Quoting Interesting0
{quote} I don’t think it’s ever going back to the 1000’s possibly low 2000’s but years away from that and world economies thriving having little gold appeal. Unconvinced trump policies will strengthen the dollar may just alienate more in a world that’s shifting away from the dollar as it is.
Yeah, well there are a lot of people that seem to believe that gravity affects prices.

I ain't saying it can't go down, but just because its been there doesn't mean it must return.
  • #51,120
  • Nov 8, 2024 4:10am Nov 8, 2024 4:10am
Quoting Neowarcloud
{quote} You're living in fairytale if you believe gold is going down there, once in history has gold lost more than 25% and that took years, when the Fed ended QE2...2200 possible, but unlikely 2400 seems more likely on a deep retracement, but theres always the more likely...it doesn't have to trade down there again, over history gold tends to not revisit many levels its traded it at...
2400 isn't far away. If news of Israel and Iran sheathing their swords filters out, this thing will drop another $100 plus. And then Russia and Ukraine come to some sort of agreement, it will dump even more than $100. 2300 can even happen. In fact, I believe it is smart to sell gold now and hold for a long time.

However, yes, gold may never go low again.
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