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- JackR replied Aug 1, 2023
My buy areas for a target above 2000...
- JackR replied Aug 1, 2023
In my opinion, the weaker PMI numbers were because of the recent rate hikes from the FED. Powell, wants inflation to go down, and he has succeeded this year in bringing it down. Todays move up in DXY was probably to take out some stop losses, but ...
- JackR replied Aug 1, 2023
Correct. The futures show a great up for Gold through out next year as well, above 2103 for Oct 2024. url
- JackR replied Aug 1, 2023
Considering the last PMI numbers at 3 July, gold gained quite a lot in the days after that. We could see the same pattern again after today. If DXY move below 102, we can expect a great fall for DXY.
- JackR replied Aug 1, 2023
Well today PMI for the Dollar was weak. With the recent rate hike by the FED, inflation is probably showing a huge difference down. Todays down in Gold was probably just a corection to take out stop losses and will continue its uptrend. Considering ...
- JackR replied Aug 1, 2023
Dollar news is kicking in eventually. I think we might see a weaker dollar after the close and Asia open! Gold might retrace and head up to that 2000 level soon that we have been waiting for.. Any thoughts?
- JackR replied Jul 30, 2023
Gold prices rose on Friday, recovering a measure of recent losses as the Bank of Japan caught markets off-guard with some hawkish signals, although strength in the dollar limited the appeal of bullion. Copper prices also rose on Friday, marking a ...
- JackR replied Jul 29, 2023
I found this thread. It might help as it seems to include ForexFactory url
- JackR replied Jul 28, 2023
First of all, take emotions out of your trading. That will only give you losses. Trust your signals and intuition!
- JackR replied Jul 28, 2023
A close below $1956 will retest the lows, but I am confident to the upside with the next 4 hour candle on the hour!
- JackR replied Jul 28, 2023
Even a close above $1961 it's above the 50% fib level of yesterday's drop. That is enough to show upward continuation.
- JackR replied Jul 28, 2023
Yes, Gold has not yet seen a high this year. If it erases yesterdays candle, we have a bullish engulfment, which will be a clear up! Its creeping up slowly for that close above $1971.. I hope
- JackR replied Jul 28, 2023
I will not be surprised if we erase yesterdays candle and close above $1971 today! That is a bullish engulfment candle. That will open up the retest of previous high above $1987 opening up the doors for $2000 with an extention to $2036.
- JackR replied Jul 28, 2023
We are certainly going to see $2000 before any other reason to go down. The dollar fell against a basket of its peers on Wednesday after the Federal Reserve raised interest rates by a quarter of a percentage point, citing still-elevated inflation as ...
- JackR replied Jul 25, 2023
I'm looking at XauGbp. Just beause it pays out more than XauUsd. This is my analysis.
- JackR replied Jul 19, 2023
Looking at the movement of today, Gold refused to close below the 1970 level. With yesterdays raley, I want to believe the upside is still not done!. With that said, I have done a Fib Expansion (Blue) and Fib Retracement (Yellow), and it seems that ...
- JackR replied Jul 18, 2023
Thanx Hayseed, much appreciated!
- JackR replied Jul 18, 2023
If you say 89 MA, is it just SMA applied to close setting?
- JackR replied Jul 18, 2023
What is your best indicator for GOLD to show trend? Please share your views. Thanx!
- JackR replied Jul 18, 2023
Why is DXY going up and Gold is going up? Very confusing data!