DislikedLooks like there is no stopping of this downward move 1700 maybe on its wayIgnored
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DislikedLooks like there is no stopping of this downward move 1700 maybe on its wayIgnored
DislikedWell, the support area at 1700 is TOO STRONG as Far as Im concerned.
There are billions of dollars in this game and I don't think the BULL fundies will let it break so easily.
But again, we can't predict the future and there are always the market makers out there. However, this area is too strong.
The same happens with 1900 and the Bearish fundies. Sure, since GOLD is BULLISH we all thought it would be easy to reach 2000. BUT, it will take a little more effort as we can see.Ignored
DislikedWell, the support area at 1700 is TOO STRONG as Far as Im concerned.
There are billions of dollars in this game and I don't think the BULL fundies will let it break so easily.
But again, we can't predict the future and there are always the market makers out there. However, this area is too strong.
The same happens with 1900 and the Bearish fundies. Sure, since GOLD is BULLISH we all thought it would be easy to reach 2000. BUT, it will take a little more effort as we can see.Ignored
DislikedIt seems gold is entering into a buying tritory. Might be a good place for long term buys...Ignored
Disliked........ I'm seeing that XAU/USD has hit a solid floor (support) on major time frames i.e. 2hr, 4hr, 6hr, 8hr, Daily & Weekly.........Ignored
DislikedFunds and bulls have always been there. Gold has simply gone too high too fast and should give up some of the extra fat so the big money find it at a good price to buy again.
What we saw in the past few weeks was mostly fueled by retail buyers, public and newbes who thought gold will go up straight to 2000 in a few weeks and they would become rich quickly. Those are not who move the market. They are basically the ones who were brainwashed to buy at higher prices (1850-1900) and are now probably selling it cheaper a couple of hundred dollars lower...Ignored
DislikedNobody can be sure about anything about the markets.
But given now everybody is telling the others to sell gold, like before when everybody was adding to longs during its silly, too fast too much rise, it sounds like the time to begin piling up gradually.
Price might fall another $50-100 but I am already thinking to add to my longs that I have been from 1300 at these levels. After all, we have seen 1930 and gold is almost 300 dollars cheaper. I pretty much stopped adding to my longs after gold passed 1700 and was waiting for a test of mid 1600....Ignored
DislikedIf are long since 1300 on GOLD, why didn't you TAKE PROFIT at 1900 if you knew it was going to fall 300 bucks ?Ignored