The Swamp

Sharing my view on EU! I think EU will test the Monthly support at 1.034x area (blue rectangle) before any meaningful retrace. A break of this area is not expected until the Fall to continue to Parity and below.
A consolidation period should happen before this meaningful retrace between 50 and 100 pips (up and down).
Will join the buy side at that area.

Attached Image (click to enlarge)

woke up late.. flat in Eur and Gold. . I had some US30 longs and waited to add.
as long as 31600 holds, , I am looking for day range high 32370 area, week range high 32508

Eur bearish,, coming to H1 and m30 support . if bulls fail to hold , stay away from buy button unless quick scalp...

Gold really bearish too.. don't fight trends..

he missed his pending gold short by tiny

morning -

collecting more profits on eur/usd short

just read Gator piece about gold. wow i mean it seems like a very good buy here. "fundamental"

yet i see you all shorted gold and make money good.

regarding DJI - nice to see other traders talking more about Dow.

imo we finally seen some bottom (weekly)

daily can go to 32700 area - i guess

on the short term any rally was sold so far.
31900 i would say support maybe a good short here

confirmation on 1H close below 31900 imo to test the lows or at least 31500

i am not buying it here for sure but it's nice to see some rally


meantime eur close to reach another tp

EUR is like an ATM machine just keep colecting

don't have much shorts left. i am leaving sl on profit for the rest of positions

for stock market (DJIA) i would say imo oil up so high can't really help

I've talk to my customers/partners, companies. this days.

So far we all are raising prices, wages on everting and we demand higher payments from clients, and so far is working

so the first part of inflation is really pushing prices to the final customer. and from what i understand speaking with everybody so far it worked

on second push not all the company's are raising wages. the smaller ones can't have that margin. but this is like the first bad sign that if we go higher on inflation from here i would think it's going to be harder and FED will delivery and take again the market lower

just my 2c

I longed US30 at 31981 .. and try to shoot for day range high around 32370 area..will add
as long 31680 holds if get tested

Today we may print 1766

good luck.. I am flat on gold... missed morning entry on shorting..

Look at the month chart. Where did dec close? Gold lost all of 2022 gains. Consider it R now.

31900 tested and up above 32.000 i think it may go higher. not sure here very close

Thursdays and Fridays were bad so far. yesterday was good - i just find it hard to buy it here ...


gold below 1800 wow

watch UsdCat on option exp NY cut in 15mins..

booked us30

Gold shorted 1817
flat 1815.. not much..not post trades.. busy scalp..

Thanks.. if we get back there ill try the short.

that UCAT was a good short.. I seldom traded before, i let it go a good profit.

When gold lost 1980.xx a while back. It was the end. It was unable to maintain that level. The larger traders watched that level. Silver actually has more use over gold. And silver is set to loose 50%. So why would gold do better? The same with platinum. The war in Russia will cause smaller petro burning cars, or at least a greater shift to less petro cars. More electric cars will mean less demand for platinum. Cars are about 30% of platinum demand. That dont equate to a 30% drop in platinum price. The actual drop could be much greater. Much faster than the actual switch to mostly electric. Each time a petro burner is recycled. The old catalyst converter that contains platinum. This platinum is recaptured, and sold. To a market, with less demand for it. The refinerias used platinum in the cat-crackers. The less gasoline needed, the less platinum demand.
I told you all. You have lived through 40 years of dollar deflation. The opposite is the usd is happening. The opposite deflates 40 years of the inflation of gold. Its still early. This was coming before Ukraine. The only thing that is holding up a dump in the AUD is oil. If not for the invasion in Ukraine, oil would of lead this months back.That jump in the EU in November. Just before the month closed was probably because of Russia.

Gold may fall harder than it would of. Because of the Ukraine invasion and food. The 2 largest consumers of gold and food. By far is China and India. With a combined population of 2.8 billion people. Those 2.8 billion people need to eat. The price of gold has a greater influence in their lives. The average person in the West dont care about the price of gold. It has more importance there. They pay more attention to the price than the West. If gold is dropping, they know. If they panic sell, the price will capitulate a fall. Add to this the USD is getting stronger at the same time. It amplifies food costing more, it amplifies the selling of gold. Also some people hold gold in their portfolios. They see it dropping too. Cryptos and equities are falling. Some margin calls require some to sell gold. Its a perfect storm. Gold may be back to under 1k or even 400$. Gold is for jewelry or dancing around the campfire. Other than that its just a trade. I can take all your gold, with some fast moving lead. You have to pay to store it. It dont make anything or pay you interest. The king has no clothes. Its just a ancient relic in old fables. Salt was once more valuable than gold. Shit changes..

These are all big..