they r slowly taking it to top
This is typical gold pair. Its all about manipulation. It even didn't bounce once from major support 1520s and 1470s.
Enjoy the ride up to 1500, cheers.
P.s. Silver is due to breakout on the 4hr chart, like a tightly wound spring...enjoy the green GLTA
if we look at the long bars in little time frames like 5 mins we see high volume of buying interest, it goes about 10$ to up than slow than go up again, after every going up i bet ppl are shorting it , it fall to 1325 from 1560 area in 2 days and in 1 week we go up more than 100$, before last friday gold was moving in a 20-25 $ a day range but after that drop day retracements are nearly 50$ a day, i think we continue to go up slowly we wont recognize how the fuk we came back to 1600 area again..
Spot on . The sleeper is silver, that will start moving 2% a day imo
slow retracement is typical with this pair....
it has two screnerio
-a forming of hs to 139x then 143x again for right top of shoulder
next scenario is a slow climb to 1500 but still looking very bearish after that....
this is only current view with current actions......
any comments welcome...
can this happen?
rise to 1459
above 1406 we r long according to me targets are 1444,1463 and 1492 wihch is most important 1 i think.
Hi there! I'm new on the forum, and still have to learn a lot on forex and commodities. I have one question/theory. Please give your wisdom out.
The Big Fishes on Gold are holding great amounts of real gold, and want the price up? (I dont think they like to hold the same gold but 200$/and ounz cheaper)
they are fooling everybody with a spike up every now and then and then catching everybody's SL on the drop? (would it be gold holders move, or brokers move?)
and last but not least... how do they manipulate the market? buying real gold, or just making rumors and getting them to the right persons to spread?
Thanks for helping me (and many others) understand this subject!
read here, good resource
Well on the 4H, it is currently butting up against the 38FIB, and bounced off a few times. Two scenarios short-term and I think China data will have impact: Flash PMI is positive, gold has a change to target 50% retracement at 1462. If not, could see some more downside. Short-term slightly bullish. Long-term slightly bearish.
The weekly showed a nice double bottom bounce. On the weekly, I think we can see 1483. As always, I think gold is a trade and not something to carry in regards to a brokerage portfolio (maybe some physical bullion on location). EMA_RSI on the daily is barely out of oversold territory, so may be some buying. Gold bugs are like roaches (no offense!). They will withstand the test of time and no matter how many of their friends you kill, they still invade the market.
a break above todays high should go for 1462 for sure....
a stay below 1430 should get 1416 or lower imo
I hope there is some movement because I hate these consolidation/few dollar candle ranges
Looking for another move down so looking at fibs of previous move.
Took this one as looking for another move down whether we are in 4th wave or abc correction. Out now as tp on pa, but watching fibs.
i tend to be more bearish still....
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