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Make More Money - Eliminate DRAMA 11 replies

Just posting my trades, everyone is welcome but no drama 2 replies

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Gold with No Drama

  • #62,561
  • Jul 12, 5:27am (10 hr ago) Jul 12, 5:27am (10 hr ago)
Any ideas on the last 1D frame candle? For me it looks like its Close to an Evening Star formation. So mostly the market will go down in monday/tuesday on my perspective.
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  • #62,562
  • Jul 12, 5:43am (9 hr ago) Jul 12, 5:43am (9 hr ago)
We can do any kind of analysis, but variables like war and Trump's posts are hard to predict, and a weekend like this would make me very nervous if I had an open position
bulls make money, bears make money, pigs get slaughtered
  • #62,563
  • Jul 12, 5:59am (9 hr ago) Jul 12, 5:59am (9 hr ago)
Quoting Huzaifa88
U guys notice something here which i did although i dont analyze charts like this but seeing this chart pattern repeating once again gives me indication for liitle more retracement although not significant but atleast more form current price {image}
yeap i've seen this pattern too, but trump making mistakes in this weekend so gold need more little retracement before going bullish again, maybe we can hit 4500 first.
  • #62,564
  • Jul 12, 6:03am (9 hr ago) Jul 12, 6:03am (9 hr ago)
This is the chart that really matters. Gold is a non yielding asset.
During "normal" times, USD and the 10Yr Bond yield pretty much track each other closely while Gold tends to be inversely correlated to both, especially to yields. Notice where we are now. USD is much lower than the 10 Year Yield (anomaly 1) and Gold much higher than USD (anomaly 2). To return to historical equilibrium, two things can happen:

1- Yields come down substantially to the USD level and Gold drops under both.
2- USD comes up to the 10 Year yield level and Gold drops substantially.

Now, with inflation much too high and the mess in Hormuz, who is willing to bet that yields are going to be dropping any time soon?
It is much more likely that USD will rise to the yield level and Gold will drop to its historical 3rd place level.
Where should Gold be right now? I believe 3400 is the magic number.
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Observation is the path to discovery.
  • #62,565
  • Jul 12, 6:21am (9 hr ago) Jul 12, 6:21am (9 hr ago)
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if tomorrow price closes below 4020
i would expect less for bullish momentum
till then iam expecting upward movement
  • #62,566
  • Jul 12, 6:28am (9 hr ago) Jul 12, 6:28am (9 hr ago)
Quoting Alorente
This is the chart that really matters. Gold is a non yielding asset. During "normal" times, USD and the 10Yr Bond yield pretty much track each other closely while Gold tends to be inversely correlated to both, especially to yields. Notice where we are now. USD is much lower than the 10 Year Yield (anomaly 1) and Gold much higher than USD (anomaly 2). To return to historical equilibrium, two things can happen: 1- Yields come down substantially to the USD level and Gold drops under both. 2- USD comes up to the 10 Year yield level and Gold drops substantially....
YESSS! , ACCORDING TO MY ANALYSIS TOO, I GENERALLY LOOK AT GOLD CYCLES (4 AND 8 YEARS) AND BASED ON THAT , FROM EARLY THIS YEAR MY HYPOTHESIS WAS IT IS GOING TO DROP IN RANGE OF AROUND 3400-3500 RANGE (around mid september to early October) BEFORE MAKING A NEW HIGH . TILL THEN IT WILL ZIGZAG MAKING A HIGH AND LOW (TILL 3400-3500)
  • #62,567
  • Jul 12, 7:09am (8 hr ago) Jul 12, 7:09am (8 hr ago)
4090.89 to 4093.07
and
4097.25 to 4100.70
are two intermediate supports
which bulls need to defend
lets see of they remain intact
  • #62,568
  • Jul 12, 7:22am (8 hr ago) Jul 12, 7:22am (8 hr ago)
Already in BUY position...at 4109 - 4111, TP Max before 4164
Holy Betting Grail strategy
  • #62,569
  • Jul 12, 7:38am (8 hr ago) Jul 12, 7:38am (8 hr ago)
who thinks market will open with bearish gap?
  • #62,570
  • Jul 12, 7:48am (7 hr ago) Jul 12, 7:48am (7 hr ago)
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  • #62,571
  • Jul 12, 7:49am (7 hr ago) Jul 12, 7:49am (7 hr ago)
ringa ringa roses a strait full of newses
hahah no wonder what is happening to gold rn
  • #62,572
  • Jul 12, 7:50am (7 hr ago) Jul 12, 7:50am (7 hr ago)
i think this war will only end when anyone fires nuclear weapon
demolishes everything
and new generation comes
since no party is taking step back
and surrendering
  • #62,573
  • Jul 12, 7:58am (7 hr ago) Jul 12, 7:58am (7 hr ago)
Yes this will never end now, market will react less to them and one day out of the blue Trump will chicken out like they did in Afghanistan, When they wont see any profit from keeping this uncertainty. For now countries around the region are buying arms from US because of these threats once they realise these are baseless and stop buying US will just chicken out.
  • #62,574
  • Jul 12, 8:05am (7 hr ago) Jul 12, 8:05am (7 hr ago)
Whilst in Pakistan all I can see on IG markets price of gold
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  • #62,575
  • Jul 12, 8:07am (7 hr ago) Jul 12, 8:07am (7 hr ago)
Quoting Huzaifa88
Whilst in Pakistan all I can see on IG markets price of gold {image}
One thing to ponder is that despite bullish engulfing on 4h last Friday this move is not normal all because of need it happened now need to see whether or not gold hold support
  • #62,576
  • Jul 12, 8:44am (6 hr ago) Jul 12, 8:44am (6 hr ago)
Weekend Gold:

https://www.ig.com/en/indices/market...s/weekend-gold

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In other news: the earth is flat. Aliens built the pyramids. And god exists
  • #62,577
  • Jul 12, 8:48am (6 hr ago) Jul 12, 8:48am (6 hr ago)
Quoting AnuragD
Gold might open below 4020.
Not true
  • #62,578
  • Jul 12, 8:52am (6 hr ago) Jul 12, 8:52am (6 hr ago)
Still think August will be a better month for a Long position, thing needs to cool off.

Also the price of gold plays a crucial part during war.

depending on price we will see different reactions.

we have seen a lot of selling from bad news, if gold was to reach a price where institutions and banks feel like is a good price they will start buying.

Time also matters.
  • #62,579
  • Jul 12, 8:57am (6 hr ago) Jul 12, 8:57am (6 hr ago)
Quoting Karlzhhh
Still think August will be a better month for a Long position, thing needs to cool off. Also the price of gold plays a crucial part during war. depending on price we will see different reactions. we have seen a lot of selling from bad news, if gold was to reach a price where institutions and banks feel like is a good price they will start buying. Time also matters.
price went straight up for two years so why cant it fall for two straight?
short trump and go long the deepstate
  • #62,580
  • Jul 12, 9:34am (6 hr ago) Jul 12, 9:34am (6 hr ago)
i see market opening with bullish gap just to manipulate obvious sell orders who agrees?
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