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  • #83,001
  • Jul 16, 2025 7:40am Jul 16, 2025 7:40am
Quoting BeeTogether
Data is red it should mean a drop but if yesterday is anything to go by it could be a move up
Core PPI act same way as core CPI yesterday was to go up but because trump terll fed to reduce rate by 3% thats what plummet everything .
  • #83,002
  • Jul 16, 2025 7:40am Jul 16, 2025 7:40am
Quoting BeeTogether
Data is red it should mean a drop but if yesterday is anything to go by it could be a move up
It actually does not haha
  • #83,003
  • Jul 16, 2025 7:41am Jul 16, 2025 7:41am
scalping mode ON
  • #83,004
  • Jul 16, 2025 7:41am Jul 16, 2025 7:41am
Quoting AonRaza
{quote} how do red date means drop in Gold?
should be USD weaker. How it drives gold I’m not too sure. As we have seen both ups and downs with USD going down.

I have my short on let’s see where it goes
Insane in the Brain..
  • #83,005
  • Jul 16, 2025 7:47am Jul 16, 2025 7:47am
Quoting Whale
{quote} soon short is out of my system...
don’t be ridiculous, please
almost every day there is possibility to long and short
have a great.., everything
dolce vita
  • #83,006
  • Jul 16, 2025 7:47am Jul 16, 2025 7:47am
Quoting BeeTogether
{quote} should be USD weaker. How it drives gold I’m not too sure. As we have seen both ups and downs with USD going down. I have my short on let’s see where it goes
Usually a weaker USD makes Gold cheaper as Gold is denominated in USD. So with DXY going down, Gold should go up.

But we know at times that the correlation doesn't always work and there will be times where USD and Gold will both go up or down at the same time i.e. during uncertainty, etc.
  • #83,007
  • Jul 16, 2025 7:48am Jul 16, 2025 7:48am
I think it'll surely go up to 3375+, but first it needs to come close to 3200 in the next few days.
  • #83,008
  • Jul 16, 2025 7:48am Jul 16, 2025 7:48am
Its gonna break the low of yesterday. My sell is from 42. its gonna bleed out this week
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  • #83,009
  • Jul 16, 2025 7:50am Jul 16, 2025 7:50am
whatever data is bears established their boundaries at 3340.
A line in the sand so far.
on a postive roll...
  • #83,010
  • Jul 16, 2025 7:51am Jul 16, 2025 7:51am
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DYOR & risk it smart ... not my call.
  • #83,011
  • Jul 16, 2025 7:52am Jul 16, 2025 7:52am
Quoting BeeTogether
{quote} should be USD weaker. How it drives gold I’m not too sure. As we have seen both ups and downs with USD going down. I have my short on let’s see where it goes
u can wait for DXY keep dropping, but i kinda sure, need more than 6 months to DXY drop, it need retest!!, if DXY break the trendline now, it also need a retest that breakout!! => meaning it need going up for a while (not mean forever but currently it not a good time to sell short DXY anymore) and the most reccent high with liquidity is below 0.5 breakout level (can it really hold the bounce?). Now with MN heading up and the low of this month not taken, it can keep push higher
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Will is the most powerful weapon in the world.
  • #83,012
  • Jul 16, 2025 7:55am Jul 16, 2025 7:55am
lol what the hell is gold doing
  • #83,013
  • Jul 16, 2025 7:56am Jul 16, 2025 7:56am
Quoting Rmg
whatever data is bears established their boundaries at 3340. A line in the sand so far.
60-65 rather.
  • #83,014
  • Jul 16, 2025 7:59am Jul 16, 2025 7:59am
Quoting Potus111
lol what the hell is gold doing
MMs are in the game and are manipulating the market
  • #83,015
  • Jul 16, 2025 8:00am Jul 16, 2025 8:00am
Quoting BrokeyGold
{quote} 60-65 rather.
3370 for macro
3340 for this session.
on a postive roll...
  • #83,016
  • Jul 16, 2025 8:01am Jul 16, 2025 8:01am
Quoting Potus111
lol what the hell is gold doing
contraction!! let get ready for expansion and trending!!!!!
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Will is the most powerful weapon in the world.
  • #83,017
  • Jul 16, 2025 8:03am Jul 16, 2025 8:03am
imo, just from my experience..,
let’s pay attention to 3330th after yesterday’s low at 3320th
if 3330 won’t work as support, down we go.., for double bottom, for some lower (?)..,
dolce vita
  • #83,018
  • Jul 16, 2025 8:07am Jul 16, 2025 8:07am
Quoting babayaga
imo, just from my experience.., let’s pay attention to 3330th after yesterday’s low at 3320th if 3330 won’t work as support, down we go.., for double bottom, for some lower (?)..,
Bears need 3330 to crack .. if it does then yes yesterday’s lows are on the table. Although I’d go further and look at last weeks support after we broke above 3300 which is 3310
Insane in the Brain..
  • #83,019
  • Jul 16, 2025 8:10am Jul 16, 2025 8:10am
Low impact news without any change in inflation and producer price index. Can it retest yesterady high or can break today's low. Otherwise it will move within range of $30-$35
Patience
  • #83,020
  • Jul 16, 2025 8:12am Jul 16, 2025 8:12am
Quoting Rmg
{quote} 3370 for macro 3340 for this session.
with all my respect..,
today we have:
3323th as Low
&
3342th as High
for now..,
let’s take three hundred pips day.., so at least one hundred you miss for now

p.s.i would call six hundred pips day move macro(?!), not less
dolce vita
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