Well guys Gold still on the slide but low volume means very slow going!!
- #32,482
- Edited 2:57am Nov 28, 2019 1:46am | Edited 2:57am
- Joined Mar 2013 | Status: Trader | 6,512 Posts
Yeah gold is still in a range but looking at weekly chart it could be a bullish flag. Low volume at the test of the bottom can go back up anytime. Could be wrong as major players can come out anytime. But so far volume is dead. What are they waiting on Santa Clause rally? 
Also, tomorrow is last day of trading for this Month. Beginning of the new month can bounce up again a bit. Dunno I was just joking about Santa Clause rally but it might become a reality. Only God knows Again, could be wrong. Not a bad idea to long at the bottom of this range as well problem is this swap is ridiculous on gold if long.
Edit: Ah it's Thanks Giving in the US just saw the calendar.
Also, tomorrow is last day of trading for this Month. Beginning of the new month can bounce up again a bit. Dunno I was just joking about Santa Clause rally but it might become a reality. Only God knows
Again, could be wrong. Not a bad idea to long at the bottom of this range as well problem is this swap is ridiculous on gold if long.Edit: Ah it's Thanks Giving in the US just saw the calendar.
- #32,483
- Nov 28, 2019 5:19am Nov 28, 2019 5:19am
- Joined Feb 2011 | Status: Trader | 6,018 Posts
Yeah gold is still in a range but looking at weekly chart it could be a bullish flag. Low volume at the test of the bottom can go back up anytime. Could be wrong as major players can come out anytime. But so far volume is dead. What are they waiting on Santa Clause rally?
I've been looking at GJ - lovely up move yesterday - don't know why GBP should be so bullish!! Might be a nice shorting opportunity today and tomorrow.
- #32,487
- Nov 29, 2019 2:54am Nov 29, 2019 2:54am
- Joined Mar 2013 | Status: Trader | 6,512 Posts
Morning guys Don't know what's happened to Gold. Died and gone to Goldie heaven! Anyway GA looking good for a few pips downwards {image}
. Now that a guru said that makes me want to buy gold and hold it long term. Why? Because gurus are always wrong . Well if it wasn't for the swap I would do it already. Swap sucks Anyway, I hope it goes down today this holiday so I can buy it after Thanksgiving holiday Edit: Below 1440 if they can do it this holiday much better. Then I'll buy it probably on Tue after the holiday. I think it's still holiday in the US on Monday. So Tuesday might be it after the holiday.
However, if it goes up during this holiday then I won't touch it long. - #32,489
- Nov 29, 2019 5:57am Nov 29, 2019 5:57am
- Joined Feb 2011 | Status: Trader | 6,018 Posts
Oh I see so it's this guys analysis. I agree with this guys analysis but weekly support is still holding. https://www.fxstreet.com/news/gold-t...6-201911220226
- #32,490
- Nov 29, 2019 6:20am Nov 29, 2019 6:20am
- Joined Feb 2011 | Status: Trader | 6,018 Posts
Gold might be worth a punt right now guys. Tight SL
- #32,491
- Nov 29, 2019 7:15am Nov 29, 2019 7:15am
- Joined Feb 2011 | Status: Trader | 6,018 Posts
Gold might be worth a punt right now guys. Tight SL
- #32,492
- Nov 29, 2019 9:23am Nov 29, 2019 9:23am
- Joined Mar 2013 | Status: Trader | 6,512 Posts
{quote} Yes - sentiment is bearish still for sure. Hopefully a firm break of 1455 will emerge later?
- #32,495
- Dec 2, 2019 5:50am Dec 2, 2019 5:50am
- Joined Feb 2011 | Status: Trader | 6,018 Posts
Hi guys
Nice FF open on DAX and Gold also GBPNZD
Looking for re-entry on Gold later perhaps GZ too!
Nice FF open on DAX and Gold also GBPNZD
Looking for re-entry on Gold later perhaps GZ too!
- #32,500
- Dec 3, 2019 3:47am Dec 3, 2019 3:47am
- Joined Mar 2013 | Status: Trader | 6,512 Posts
Dunno my H4 is long gold targetting 1471. Only gonna hold this for 2 days. So it better get there today or tomorrow. Swap sucks. Also, Indices seems wanna go down. Unless something change... Edit: Maybe indices is taking a hit again due to DT again. Who knows....
So means bears can still bring it back down here. Hopefully not.