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Gold

Quoting worldbankinc
{quote} UPDATE | Signal 52-2024 triggered BUY {image} {image}
UPDATE | Signal 52-2024 BUY hit TP

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Quoting orand
{quote} short at : 2655 sl : 2660 tp : Open --------------- sell stop at 2650 sl : 2655 tp : Open
sale 2657 stop loss 2667 tp 2635
Doesn't look like the bulls are ready again
Quoting SnakeDok
I mean middle east is not calming down, Koreans are fcking around at the border between north and south, China threatening Taiwan with war games i mean, if thats not unstable i don't know what is
Someone needs to light the powder keg
Silver begging to break support and fall but gold seems to be holding it up
There is a special place in hell for gold bulls. Absolute scum.
First two us trading hours always absolutely ridiculous zigzag.
Quoting MrFanciful
There is a special place in hell for gold bulls. Absolute scum.
harsh
Quoting Interesting0
{quote} harsh
I can be a lot worse. Made a nice profit on the way up as there seemed to be a lot of buyers, then trading this down move as a retracement given the strength of the upmove, but the buyers ran away like the c&*ts that they are
Quoting mades
First two us trading hours always absolutely ridiculous zigzag.
Its the news fam, never trade it
Quoting MrFanciful
{quote} I can be a lot worse
this next 1hr could see nice drop looking at current
… or just more of the same sideward
Quoting worldbankinc
{quote} UPDATE | Signal 52-2024 BUY hit TP {image} {image}
NEW | Trade Idea 53-2024 just released

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Note : From now on i will use term Trade Idea instead of signal. I am sharing my trade idea for others to observe. Just to show that hedging method can work.

I am also releasing my Trade Idea on US30. Check it out in US30 thread : https://www.forexfactory.com/thread/...7#post15029217
Quoting Interesting0
{quote} this next 1hr could see nice drop looking at current … or just more of the same sideward
All I see is that the "smart money" knows that the fiat currency system is in the first stages of collapse and they are hoovering up all available gold at any given price range until I has to move up for the gold at a slightly more expensive (less cheap?) price. There is no way that confidence is going to return to fiat currencies after the way the people in charge behave, and without confidence, what is there in a fiat currency? Nothing.

EDIT: but saying that, 30 minutes ago I had £500 in my account and I now have £187 so what the fuck do I know?
These are my updated levels i'm looking at
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Quoting Sleevenash
{quote} Its the news fam, never trade it
There is no impact news fam. xauusd cares only about inflation, unemployment and interest rates.
Quoting Asylum1
These are my updated levels i'm looking at {image}
same here
Quoting mades
{quote} There is no impact news fam. xauusd cares only about inflation, unemployment and interest rates.
it only cares about any excuse to keep going upwards just pure speculative literally at current gold prices, even after adj gold for inflation u would think world war is priced in and interest rates are negative. I hope I have an open holding short position for when a longer term correction kicks in n the balls to hold it through
Quoting MrFanciful
{quote} All I see is that the "smart money" knows that the fiat currency system is in the first stages of collapse and they are hoovering up all available gold at any given price range until I has to move up for the gold at a slightly more expensive (less cheap?) price. There is no way that confidence is going to return to fiat currencies after the way the people in charge behave, and without confidence, what is there in a fiat currency? Nothing. EDIT: but saying that, 30 minutes ago I had £500 in my account and I now have £187 so what the fuck...
you have a long? I thought u were shorting
Come on bulls. I like you now, we can still be friends.
Quoting Interesting0
{quote} you have a long? I thought u were shorting
Long term I'm extremely bullish. I fact, I'm one of the people who sees the dollar going the way of the pound in the 1970's when the UK needed an IMF bailout. No one is coming to the USAs rescue for multiple reasons. Soon though, the XAUUSD will start looking like XAUJPY, and so will XAU<name-your-currency>. Eventually it won't even make sense to price gold in fiat currencies because they won't be worth anything

EDIT: David Hunter think there will be a sudden fall in gold of perhaps 40-60% because there is going to be such a liquidity crisis at the banks that they will have to sell so much, will will massively drive up demand for dollars. However, that isn't to be mistaken for a sign of strength. If/when that happens, it will be the "fast" part of the old Hemmingway bankruptcy quote when asked how he went bankrupt, to which he replied "Slowly at first, the quickly"
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