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  • #60,181
  • Jan 16, 2025 9:21am Jan 16, 2025 9:21am
How about 2731 tonight
  • #60,182
  • Jan 16, 2025 9:31am Jan 16, 2025 9:31am
Quoting ZetProject
How about 2731 tonight
how about yas pleasee
  • #60,183
  • Jan 16, 2025 9:31am Jan 16, 2025 9:31am
RSI on 75, last 2 time when price reach RSI 75, 30 - 45 pip down, I expected at least 15 pips bearish retracement before break 2724
  • #60,184
  • Jan 16, 2025 9:32am Jan 16, 2025 9:32am
after the 2708.97 trade i slept 4 hours, but i managed to learn a new process of trading gold
Attached Image (click to enlarge)
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  • #60,185
  • Jan 16, 2025 9:46am Jan 16, 2025 9:46am
Quoting goldsimp
{quote} how about yas pleasee
nobody can know if yes specially , but at spikes may cover 2727+ possible ! any way my plan id sell at any high hold or not ! take care
if swing trade then can wait for it having sl below 2700
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #60,186
  • Jan 16, 2025 9:47am Jan 16, 2025 9:47am
Quoting Lloyd628
{quote} I just did...

And?
  • #60,187
  • Jan 16, 2025 9:49am Jan 16, 2025 9:49am
The upmove does not look at all complete, so I am out of the market for the moment...
  • #60,188
  • Jan 16, 2025 9:51am Jan 16, 2025 9:51am
Quoting NrSLionHeart
{quote} And?
Took a small scalp. Hooray.
In other news: the earth is flat. Aliens built the pyramids. And god exists
  • #60,189
  • Jan 16, 2025 10:22am Jan 16, 2025 10:22am
When price moved 2718 at last time, it's took around 9 hours to start significant movement (bearish), Could it happen another this time too?
  • #60,190
  • Jan 16, 2025 10:30am Jan 16, 2025 10:30am
Hi there,
To all those Medium to Long Term Gold Shorters, I have a question.

How much are you guys relying on the "Carry" Factor of the XAU Short trade?
It's known that as a non-yielding asset one of the appeals of shorting this symbol is its Swap.

I ask this question because I am short on this symbol on one broker I work with, and since the middle of December (on and off) swap has been turning sometimes Negative, SOmetimes positive, which makes to me no sense as the Interest Rate on EUR has become more or less constant and in XAU's case always Zero.

I can provide the name of this 3 brokers on DM (just shoot me a dm)

Attached Image (click to enlarge)
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I am trying to understand the reasons behind these erratic behaviour on the swap and also why this happens with certain brokers and not others.

Any insights from experienced Carry Traders, people who know how brokers work, or knowledgeable people in general, I'd be greatly thankful !!
  • #60,191
  • Jan 16, 2025 10:31am Jan 16, 2025 10:31am
Quoting ArrietaTech
Hi there, To all those Medium to Long Term Gold Shorters, I have a question. How much are you guys relying on the "Carry" Factor of the XAU Short trade? It's known that as a non-yielding asset one of the appeals of shorting this symbol is its Swap. I ask this question because I am short on this symbol on one broker I work with, and since the middle of December (on and off) swap has been turning sometimes Negative, SOmetimes positive, which makes to me now explanation as the Interest Rate on EUR has become more or less constant and in XAU's case...
I'll be honest with you, 99% of traders on here have no idea what you said because they're all gamblers and what you said is far too technical for them to understand.
  • #60,192
  • Jan 16, 2025 10:32am Jan 16, 2025 10:32am
Quoting Xauusdscalpr
{quote} I'll be honest with you, 99% of traders on here have no idea what you said because they're all gamblers and what you said is far too technical for them to understand.

Hehehee. Any feedback from you personally, good sir?
  • #60,193
  • Jan 16, 2025 10:34am Jan 16, 2025 10:34am
Quoting ZetProject
How about 2731 tonight
nop
we will come back 2715

sell limit at 2725 or 2727
for those who like mean reversion


unless the price is touched in next 4H candle 2725 maybe tomorrow, for my chart the actual candle finish in 1h20m
  • #60,194
  • Jan 16, 2025 10:38am Jan 16, 2025 10:38am
Quoting ArrietaTech
Hi there, To all those Medium to Long Term Gold Shorters, I have a question. How much are you guys relying on the "Carry" Factor of the XAU Short trade? It's known that as a non-yielding asset one of the appeals of shorting this symbol is its Swap. I ask this question because I am short on this symbol on one broker I work with, and since the middle of December (on and off) swap has been turning sometimes Negative, SOmetimes positive, which makes to me no sense as the Interest Rate on EUR has become more or less constant and in XAU's case always...
I think 'swap' is same as 'interest rate'. eg: If interest rate in increase the bank, you will get + swap (percentage from broker bank deposit money), if banks dicrease the interest rate for the deposit, then you will get - swap of our night
  • #60,195
  • Jan 16, 2025 10:38am Jan 16, 2025 10:38am
Quoting ArrietaTech
{quote} Hehehee. Any feedback from you personally, good sir?
I can't comment as I personally don't have experience with swaps on gold, my trading accounts don't allow for it so it isn't a headache I need to worry about, however I've seen comments in past discussions that I barely paid attention to an I believe it ties into duration, economic events and the broker itself. End of the day, swap is entirely up to the broker on how high or low they want to charge
  • #60,196
  • Jan 16, 2025 10:40am Jan 16, 2025 10:40am
Quoting Xauusdscalpr
{quote} I'll be honest with you, 99% of traders on here have no idea what you said because they're all gamblers and what you said is far too technical for them to understand.
I indeed have no idea what ArrietaTech is talking about (not that that makes me unhappy, au contraire).
So it's official: I am a gambler. Hooray, part II.
In other news: the earth is flat. Aliens built the pyramids. And god exists
  • #60,197
  • Jan 16, 2025 10:44am Jan 16, 2025 10:44am
Quoting ArrietaTech
Hi there, To all those Medium to Long Term Gold Shorters, I have a question. How much are you guys relying on the "Carry" Factor of the XAU Short trade? It's known that as a non-yielding asset one of the appeals of shorting this symbol is its Swap. I ask this question because I am short on this symbol on one broker I work with, and since the middle of December (on and off) swap has been turning sometimes Negative, SOmetimes positive, which makes to me no sense as the Interest Rate on EUR has become more or less constant and in XAU's case always...
On the brokers side it has to do with how many unassigned contracts they have vs the liquidity pool they can access. If they have a big liquidity pool but a lot of traders they can shift the risk to the traders and get commission. After they get theirs from the central bank on overnight repo's they give you a bit back (positive swap) or they take back a bit (negative swap) if it costs them to borrow gold contracts pro rated in USD. This is dynamic and changes overnight.

Normally they don't lose, but a couple of days per year they can't predict repo's shifting with less than 12 hours notice.
  • #60,198
  • Jan 16, 2025 10:46am Jan 16, 2025 10:46am
Greetings to all friends...you are great...we use and learn in the presence of friends
Do not get emotional when you gain or lose
  • #60,199
  • Jan 16, 2025 10:50am Jan 16, 2025 10:50am
Quoting radiantraji
{quote} I think 'swap' is same as 'interest rate'. eg: If interest rate in increase the bank, you will get + swap (percentage from broker bank deposit money), if banks dicrease the interest rate for the deposit, then you will get - swap of our night
Yes I completely understand that, but that's not what I asked.
  • #60,200
  • Jan 16, 2025 10:52am Jan 16, 2025 10:52am
Attached Image (click to enlarge)
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Do not get emotional when you gain or lose
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