Possible US-Iran deal/ceasefire = lower geopolitical fear
Lower fear usually reduces safe-haven demand for gold but instead we got a huge buy at the Sunday so it's still not clear to me
{quote} Possible US-Iran deal/ceasefire = lower geopolitical fear Lower fear usually reduces safe-haven demand for gold but instead we got a huge buy at the Sunday so it's still not clear to me
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Which also decreases inflation fears... lowering the strength of dollar which in turn increases golds value
{quote} Possible US-Iran deal/ceasefire = lower geopolitical fear Lower fear usually reduces safe-haven demand for gold but instead we got a huge buy at the Sunday so it's still not clear to me
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well no, the possible deal looked likely on Saturday, but if you’ve been keeping up with the news since 12 hours ago, that doesn’t look so imminent as trump was letting on.
{quote} well no, the possible deal looked likely on Saturday, but if you’ve been keeping up with the news since 12 hours ago, that doesn’t look so imminent as trump was letting on. gold to fall today
tp hit now my trade is risk free. trade reason market come in my sell zone early but i miss my shot so i wait price to come again in my zone which is risky because market already give reaction earlier but i have to check so i enter with 1:1rr now i am out after my tp hit no sl trail only see where price want to go this is my simple analysis. If you find my analysis helpful to you in any ways you can also share your`s so i can also relate with your pov
next sell entry on 4565 tp 4555 sl 4575 again wait for price to come in zone and seeing no buying until price come 4504. if any thing happen in between 4504 to 4503 i will update here first so far best of luck everyone for your edge
I dont think Gold is going To dump as Trump will surely not attack Iran. What I feel is, this back and forth just keeps on going and Trump keeps on treating Iran. Iran has nothing to loose here moreover they have an upper hand with whole world's inflation rising. I say Trump will have to adjust which he might but wont admit. With mid term in November he still has time. We might just stay in this deadlock, good and bad news daily for more 1-2 months. So gold mostly will trade within 4700 to 4500 for at least 1 month more. Before giving a decisive move based on FEDs stance and Job market/ Inflation data. I dont see this Iran US feud adding any decisive moves in Gold maybe just spikes.
What's wrong with gold, has stalled the rally, USD is kinda falling but gold's not rising damn.. This London session is always a disappointment :-\
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There's no london session and gold doesn't need to be inversely proportional to usd.. also what u are seeing is dxy avg demand of usd against some major currency. Banks are closed in London,hongkong,New York.
Gold isn't so simple to just move one way and u can't just trade looking at dxy read gold alone sometimes correlation at key levels helps though
according to recent consolidation i see if i want to go long i must wait until price come in 4522.Where i see untouch 5 minute ob and this is my personal analysis don`t take trade on my view. only consider this a small friendly tip
{quote} There's no london session and gold doesn't need to be inversely proportional to usd.. also what u are seeing is dxy avg demand of usd against some major currency. Banks are closed in London,hongkong,New York. Gold isn't so simple to just move one way and u can't just trade looking at dxy read gold alone sometimes correlation at key levels helps though
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exactly, correlation is not always strict and straight forward. its a general consensus
