What you think, can it close below 3100
I can see why people waiting for a further drop, but current movement could just as much be a correction for a upcoming bull.
Lot of 'custom' tariffs for Asian countries. Tokyo session could swing price over 3135
EDIT: I'm glad we are traders, we don't need to know the direction beforehands
Lot of 'custom' tariffs for Asian countries. Tokyo session could swing price over 3135
EDIT: I'm glad we are traders, we don't need to know the direction beforehands
- #70,750
- Apr 3, 2025 12:49pm Apr 3, 2025 12:49pm
- Joined Jul 2023 | Status: Trader | 1,484 Posts
{quote} indeed, close will tell much about tomorrow. but what's your perspective on fundamentals? wouldn't geopolitics call for long..? on the other hand, the previous months, the dollar and gold have been correlated. spring/summer season usually low vola and less investments. decreasing amount of investments can hit gold too. although, money will flow somewhere, and with he current interest rates people wont hold much cash$$ either. so if not stock market and neither cash.. gold would be.. I'm biased, but I wouldn't call short <- from fundamental...
Russia-Ukraine working it out would be really good news for bears that should set the tone for other conflicts that DT means business when he says he's cleaning up shop - can't help but feel all these corrections are markets just pricing in tariffs it's too early to say if tariffs will be good or bad for the dollar yet though
Also feels like profit taking with gold, dxy and major indices tanking together.
On the back of all this we have US inflation, many central banks are hedged with the feds and they all keep buying gold to hedge against rising inflation - gotta factor that in as well. As traders imo best we can do is trade PA where it takes us
{quote} Fundies wise we are still bullish, not saying this drop will take us all the way to 2xxx but a long due correction could hopefully play out, its got to start somewhere and usually starts from 4H and daily. Russia-Ukraine working it out would be really good news for bears that should set the tone for other conflicts that DT means business when he says he's cleaning up shop - can't help but feel all these corrections are markets just pricing in tariffs it's too early to say if tariffs will be good or bad for the dollar yet though Also feels...
IMO, from a Europian perspective, if Russia-Ukraine 'works it out', we'll see good daily shorts for gold, but I won't see much change for the momentum of gold's long term direction. The peace will only be a strategic one. Things will not be set for long. I won't say the war will escalate again but from economical perspective the same geopolitical tensions will remain and likewise impact the investment cycles and fund's behaviour. But I won't know for sure
- #70,753
- Apr 3, 2025 1:07pm Apr 3, 2025 1:07pm
- Joined Mar 2021 | Status: Trader | 1,183 Posts
I can see why people waiting for a further drop, but current movement could just as much be a correction for a upcoming bull. Lot of 'custom' tariffs for Asian countries. Tokyo session could swing price over 3135
Candlesticks dont move markets, Volume does
{quote} IMO what matters is where we close, I’d like to close below 3100-3101 that way we are set for further drops fingers crossed or this could just be another inside bar for further bull momentum if we close above 3105 On the daily price did sweep PDH and PDL which usually signals a reversal in trend in this case from bullish to bearish, gotta wait for the close
very suspect, know there are enormous short positions being held by US banks. at some point they will decide to cut their loses and "to the moon" 
one of the most suppressed ratio's in the market.
"The Rich Never Pay Retail"
- #70,758
- Edited 3:10pm Apr 3, 2025 2:19pm | Edited 3:10pm
- Joined Mar 2008 | Status: Name real with real own way | 23,413 Posts
Not understand?better not follow my analyses!doubt clearer first, risks ++
