Gold

Quoting Vic1st

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Are the sellers back in action, or just a temporary correction?

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Quoting Pip.Sniper

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Hello Guys, i think its time to explain, the things you see about fundamentals is ISM is below forcast right? but look at the big picture, last 6 months it has been below 50 so if it is above 50 it shows economy is still resilient not mush big boys do when there is no big shift in the market. that when retail traders the impaitent one's want quick profit right you dont want to hold the trade for days. so they gets frustrated and start closing the positions and that is what happening, most trader think nws is trading, NEWS IS THE RESULT, there a...

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Quoting dartboardio

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{quote} being a measly 0.1% point above 50 when 51.5 was forecast is still not a positive reading though

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Quoting ak5538091

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i think gold will be go down after grabbing yesterday liquidity

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Quoting ak5538091

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{quote} What's your thoughts on today move market will go up or down

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Quoting dartboardio

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{quote} imo delayed reaction sometimes happens, last week i recall a 30 min delayed reaction lol which had me on the edge of my seat...

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Quoting dartboardio

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{quote} im in long to 3394 which has already been planned since yesterday just the news support the technical side of things (IMO) everyone has their own style and opinion

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Quoting Nordling

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{quote} Yep they still give me anxiety and adrenaline rush despite trading for about 7 years Thoughts like "did i get it wrong again", "are we back to square 1?" appear. That's where our psychology is challenged as traders. But from a logical perspective, PMI coming out lower than expected only strengths the probability of a rate cut. So it should be bad for USD. No big reaction though bc a rate cut is already priced in. That's where watching the FEDWatch Tool comes in handy. Big price movements stem from big changes in the positioning (obviously)....

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Quoting ChiForex

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Folks... For me yesterday's daily high is BS..means nothing for the bigger picture that I focus at the weekly since the monthly picture ain't clear for now on the upside! So, weekly price levels are at 3350 support while resistance ~3397 and more important is ~3406 a base above here will trigger the target of ~3444 for this week and even higher if this weekly candle closes above ~3406 ***Remember that these levels don't mean market price can't break it on daily but the importance is where will Gold price end on weekly if above or below the said...

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