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Gold

Quoting pundit78
Sold Gold {image}
Sl hit again
Quoting Nerlyhedless
Also, its worth noting that the swaps on shorts for gold is a nice bonus as well. in it for the medium term here i think
Just like Janus said, and 1866 would be nice drop target
"Live & Let Live" - David Gilmour
Quoting azhantahir
{quote} road to 1965-1980
before harvest times.
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Quoting Ravenfeeder
{quote} Just like Janus said, and 1866 would be nice drop target
Right Ravenfeeder....Janus is right. Right now I am preparing my chart for next week. My trading system is saying exactly same that If 1964.91 become today's High then a 61.8% retracement of this 4H swing becomes 1869.50.So the target is achievable in coming days.Trade Safe.
And I tried to combine my trading systems with azhantahir's trading system that's also said that there is a lots of liquidity for BUY STOPs.So double confirmation of Janus post here.....
Quoting parveenverma
{quote}Right Ravenfeeder....Janus is right. Right now I am preparing my chart for next week. My trading system is saying exactly same that If 1964.91 become today's High then a 61.8% retracement of this 4H swing becomes 1869.50.So the target is achievable in coming days.Trade Safe. And I tried to combine my trading systems with azhantahir's trading system that's also said that there is a lots of liquidity for BUY STOPs.So double confirmation of Janus post here.....
Time to buy the dip's
"Live & Let Live" - David Gilmour
Go down pls
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my loss is your gain
The german finance minster has also said that their financial system is stable, if the domino stops with credit suisse, then hopefully we will see a huge improvement on sentiment regarding the banking crisis.

This in turn will allow for profit taking, but also reinvest into bonds which is yielding opposed to the non-yielding gold.

ECB is also forecasted to be raising their interest rates further, making gold unattractive.
Quoting Ravenfeeder
{quote} Time to buy the dip's
Right ....During retracement I do not take long positions but only scalping......we cannot forget that the trend is bullish in 30M,1H and 4H.Trade safe
Quoting parveenverma
{quote}Right Ravenfeeder....Janus is right. Right now I am preparing my chart for next week. My trading system is saying exactly same that If 1964.91 become today's High then a 61.8% retracement of this 4H swing becomes 1869.50.So the target is achievable in coming days.Trade Safe. And I tried to combine my trading systems with azhantahir's trading system that's also said that there is a lots of liquidity for BUY STOPs.So double confirmation of Janus post here.....
A lot of liquidities above daily buy side liquidity. maybe price forecast to weekly buy side liquidity to test a little higher above 1965. bad sign is coming. Waiting and waiting. trade safe and trade what you see.
Quoting azhantahir
{quote} A lot of liquidity above daily buy side liquidity. maybe price forecast to weekly buy side liquidity to test a little higher above 1965. bad sign is coming. Waiting and waiting. trade safe and trade what you see.
tonight, candle bullish more scariest than before. Lot of liquidities and buyers inside it. huhuhu
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when ask what is SVB and how it affect the banking crisis we got this answer
"...

The bank's deposit base, which draws heavily from startup firms in the tech industry, tripled in size during the pandemic-era tech boom between 2020 and 2022. Rather than invest all of the deposits into other startups or venture firms, the bank placed a sizable share of the funds into long-term Treasury bonds and mortgage bonds, which typically deliver small but reliable returns amid low interest rates.

In short order, however, the low-interest rate environment evaporated. Over the last year, the Federal Reserve raised its benchmark interest rate 4.5%, the fastest pace since the 1980s. The sudden spike in interest rates dropped the value of Silicon Valley Bank's Treasury bonds and mortgage bonds, punching a hole in its balance sheet.

..

"
So the FED is actual the source in this crisis, now that next Wed 22/03 the the Federal Funds Rate day... FED can not pressure rise more rate, or the FED bonds crisis would be spread more, because lot of other banks wont dare not to buy FED bonds in the time of low interest rate to secure a small but certain income.
So next Wed we could see a same rate, or even cut rate to stop the banking crisis spread further, and gold will shoot could be this time to 2000 for certain...
Only I one thing can not understand why Russia, China the last few year loaded up Gold reserve ... How the FED for more than a century handle USA financial and hold the brightest financial brain in the country, how could it shoot is own food, without any suspect, until SVB crisis came out. Sure it has to raised interest rate to hold inflation, but why against all opponents opinions in a speed which cause large loss hole the bank could not have enough time to react
Quoting Murugesh29
Weekly resistance at 1950, expecting a drop here, today's target 1945 {image}
Wow target hit,and weekly resistance 💔 broken..lets wait for today close ,next week upside target 2038..
Its all about Timing!!!
Quoting ntk
when ask what is SVB and how it affect the banking crisis we got this answer "... The bank's deposit base, which draws heavily from startup firms in the tech industry, tripled in size during the pandemic-era tech boom between 2020 and 2022. Rather than invest all of the deposits into other startups or venture firms, the bank placed a sizable share of the funds into long-term Treasury bonds and mortgage bonds, which typically deliver small but reliable returns amid low interest rates. In short order, however, the low-interest rate environment evaporated....
Although i believe you are correct with the FED causing this issue by speed ramping their hikes.

The issue started when SVB unloaded their entire long term bonds - taking a 2bn loss and then further tried to compensate with a capital raising.

Was it at all possible for the FED to stockpile the bonds? or any other options that im not smart enough to see?
Quoting ForexGoose
sold from 1960, stop loss above 1970, target is open for now I'm counting on the Guinea pigs going back in their barn at the end of the day https://www.youtube.com/watch?v=FM9SemMfknA
stopped out, Gold is still bullish
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
Quoting ForexGoose
{quote} stopped out, Gold is still bullish

Yes maybe tonight 2000
Altough silver also begin to move upwards ratio is still sucks...Day close 1918 would be smart... Sam uncle can do it, I would not surprise
Quoting ForexGoose
{quote} stopped out, Gold is still bullish
1985
Quoting azhantahir
{quote} 1985
Do you still hold your sell sir? Or you enter buy also?
Gold and Silver are big winners today, probably only due to panic buying
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don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
Quoting ForexGoose
Gold and Silver are big winners today, probably only due to panic buying {image}
my personal sell stop below 1982
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