Gold

Quoting Thomas.

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{quote} The USD index is a basked of currencys, in my opinnion weightet the wrong way. Currently it is: Euro (EUR): 57.6% Japanese Yen (JPY): 13.6% British Pound (GBP): 11.9% Canadian Dollar (CAD): 9.1% Swedish Krona (SEK): 4.2% Swiss Franc (CHF): 3.6% 57.6% of Euro, what about china, russia, india? Austrailian dollar is missing which is 6.37% of global currency volume with a daily volume of 223 Billion usd. The point is DXY is not accurate against gold, not a true representation of USD value since its 57% Euro and major currencys missing in this...

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Quoting GhosTraderGT

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{quote} My opinion Technically. Well I see gold ranging for the rest of the Month of May (3500- 2950) and even Q2 after an impressive shoot. Take a look at the MN6 candle. Its the longest and even exceeded 3 x ATR. So i think its safe now to take random Long/short scalps on Gold. Sentimentally it may float above 3k. Its time for a pause for Bitcoin to take off (after cooling off too). Large scale investors put money into Gold & Bitcoin to hedge against the dollar. They have embraced the risk in Bitcoin as returns are may more bigger than that of...

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Quoting ChiForex

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{quote} TBH better stay on Gold trading, it has historical basis..while BTC is almost like pure gambling. And I don't trade or recommend scalping, if for begginers or pros, stick to higher time frames D/W/M.

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Quoting ChiForex

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{quote} Somehow my thoughts but not that dramatically, it will need time like on the long term.. Add to it EU below parity....

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Quoting mhmdghaeni

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The last week I said we will have a Trading range BUT it became to a Super Bullish trend, so, I will wait for monday . Good luck everybody

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Quoting skynext

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There is ceasefire violation by pak military don't think gold go down its going pump

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Quoting RoelsMajor

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Well, I am very Bullish for long term Gold price, but for tomorrow I am Bearish.

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Quoting skynext

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There is ceasefire violation by pak military don't think gold go down its going pump

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Quoting ChiForex

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Easy to generalize but if we look closely at Gold historical price movement vs the $ Index, you'll all notice the almost nonexistent negative correlation since ~2015. There was a hidden divergence that got exposed... Now, I'm betting on another one but toward the opposite direction downward....Here, talking long term technically ofcourse. {image}

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Quoting RoelsMajor

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Well, I am very Bullish for long term Gold price, but for tomorrow I am Bearish.

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Quoting 40k

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{quote} I am bearish now for couple of months.

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Quoting HHB.XYZ

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{quote} Reason? Is there going to be some news? Appreciate an update, have been on holiday last few weeks, thanks.

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Quoting RoelsMajor

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{quote} A trader’s bullish or bearish sentiment doesn’t generate any profit by itself; it’s the position they take — and the timing of when they go short or long (some skills) and a lot of luck — that determines their performance. So far, in this thread I haven’t seen a single trader open a position for the long term. I might be wrong. {quote} This Plus the classic technical excuse https://www.forexfactory.com/thread/...8#post15242428

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Quoting EinsWaltz

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{quote} gold been down since the beginning of pak ind war..i dont think the war is a big thing yet..market focusing much more on us china trade talks and the tuesday news

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Quoting RoelsMajor

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Well, I am very Bullish for long term Gold price, but for tomorrow I am Bearish.

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