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  • #87,041
  • Aug 7, 2025 4:04am Aug 7, 2025 4:04am
Quoting notabdullah1
Nothing to say {image}
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  • #87,042
  • Aug 7, 2025 4:05am Aug 7, 2025 4:05am
Inserted Video
  • #87,043
  • Aug 7, 2025 4:06am Aug 7, 2025 4:06am
Quoting Haks
{quote} If you are ever in this situation (which is pretty much daily), then best thing to do is just observe and perhaps wait for news or NY open. I understand we all want to jump in the market but patience is key.
Agree with you ...since I am not sure what to do I am just observing now while being open to listen to trade ideas if somebody is sharing (not necessarily buy or sell now, can be if else condition as well)
  • #87,044
  • Aug 7, 2025 4:06am Aug 7, 2025 4:06am
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Contrarian
  • #87,045
  • Aug 7, 2025 4:07am Aug 7, 2025 4:07am
waterfall day, who is with me?
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  • #87,046
  • Aug 7, 2025 4:08am Aug 7, 2025 4:08am
Quoting Pip.Sniper
{quote} yes i will be, but everyone knows rate cut is coming no surprize there, what investors are looking for is if ther is a memeber voting for 50 points rate cut, and if anyone did then Pound will go down fast and hard. and also the statement from BOE investors will look for clues of future rate predictions, is this one time cut and thats it or more may come, that will move the pound and if that did. Then gold will go back to 50 or even lower. Rumi Once said: Prediction is Very hard Specialy about the Future:
There are so many factors that determine gold movement, even when dollar is strong gold sometimes get stronger and vice versa. One other important factor is what happens to stock, most times when stock goes up, gold will go down and vice versa
  • #87,047
  • Aug 7, 2025 4:17am Aug 7, 2025 4:17am
Quoting dele5000
{quote} There are so many factors that determine gold movement, even when dollar is strong gold sometimes get stronger and vice versa. One other important factor is what happens to stock, most times when stock goes up, gold will go down and vice versa
yes i know trust me,
i am trading stocks some days in Futures only.
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The Ones who make it, are the the ones who Manage RISK
  • #87,048
  • Aug 7, 2025 4:18am Aug 7, 2025 4:18am
Quoting Erebus
{quote} But he said USD could be stronger, making Gold go down; now you made it all about the GBPUSD? WTF, you all lost me. Here is where USD is right now, let's check back in 2-hours. Thanks {image}

the real move will be in the finer detail. As mentioned above if there people in the voting committee who want a 0.5 rate cut or even 0.25 and 0.25 next. Anything in the comments that weaken the GBP will boost DXY hence help gold drop a bit. It could get messy. Not as messy as last week FOMC and NFP but for this week at least
Insane in the Brain..
  • #87,049
  • Aug 7, 2025 4:20am Aug 7, 2025 4:20am
Quoting Erebus
{quote} But he said USD could be stronger, making Gold go down; now you made it all about the GBPUSD? WTF, you all lost me. Here is where USD is right now, let's check back in 2-hours. Thanks {image}
its not that simple.
most traded pairs in currecy world is EURUSD GBPUSD AND USDJPY
it counts for 56% of total tradig volume.
The Ones who make it, are the the ones who Manage RISK
  • #87,050
  • Aug 7, 2025 4:38am Aug 7, 2025 4:38am
WARNING ANNOUNCMENT

I've to remind all that irrelevant photos/videos are forbidden on this thread. Also, links that promote YouTube channels or any social media.. So delete it asap before it's too late. I really wouldn't like to block anyone from posting here but it'll will be so easy when necessary.
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #87,051
  • Aug 7, 2025 4:49am Aug 7, 2025 4:49am
My unpopular opinion is that this rate cut won’t boost DXY. It will open Pandora’s box to further risk sentiment, and have people questioning ‘is ECB gonna cut rates next, or even Fed?’ And people will think fed is next based on Fed Daly and Fed Cook comments yesterday evening.

and have people flocking to Gold as safe haven.

But let’s see as always
  • #87,052
  • Aug 7, 2025 4:54am Aug 7, 2025 4:54am
Quoting thedaytrader
{quote} First short bounce point went past 1.5 SL : ) Waiting for the second...
I am off for the day... leaving all other trades as they are with the EA to handle, when they git hit... will update tmrw :-)
Trade Like a Casino, Not a Gambler
  • #87,053
  • Aug 7, 2025 4:56am Aug 7, 2025 4:56am
Quoting dartboardio
My unpopular opinion is that this rate cut won’t boost DXY. It will open Pandora’s box to further risk sentiment, and have people questioning ‘is ECB gonna cut rates next, or even Fed?’ And people will think fed is next based on Fed Daly and Fed Cook comments yesterday evening. and have people flocking to Gold as safe haven. But let’s see as always
could be bang on here.. it’s the aftermath that will be fun
Insane in the Brain..
  • #87,054
  • Aug 7, 2025 5:06am Aug 7, 2025 5:06am
Quoting AonRaza
Will it stay in this box for the whole week or Friday would do the honor? {image}
Still in this box and right on my blue track.
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Behold
  • #87,055
  • Aug 7, 2025 5:08am Aug 7, 2025 5:08am
Quoting AonRaza
{quote} This looks good. Might sell 3390 Today if price really went there.
In short from 3391 (sell limit got filled)
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SL to BE and 1 more.
Behold
  • #87,056
  • Aug 7, 2025 5:24am Aug 7, 2025 5:24am
Gold before US Unemployment Claims
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  • #87,057
  • Aug 7, 2025 5:56am Aug 7, 2025 5:56am
Today’s Bias: Long

• Buyers took back 3380, so bias stays long as long as it holds.
• If 3380 breaks, bias switches to short.
• 3360–3370 is still a strong buy zone, even if bias turns short.
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GoldGod Flip3 Return Today: na
  • #87,058
  • Aug 7, 2025 6:02am Aug 7, 2025 6:02am
Bearish flag in 5m chart.. so be careful buyers
  • #87,059
  • Aug 7, 2025 6:03am Aug 7, 2025 6:03am
Gold looking conflicted.. do I go up or down… or just have a coffee
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Insane in the Brain..
  • #87,060
  • Aug 7, 2025 6:07am Aug 7, 2025 6:07am
no major reaction yet, lets see how unemployment claims data comes in an hour too

entered in long 3373, taking a risk as i think market will react to the bigger macro picture.
trade safe everyone
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