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The Swamp

  • #100,761
  • May 19, 2022 9:13am May 19, 2022 9:13am
Quoting Boulder
Gold is testing H4 downtrends stop 1830 atm.. not sure bears can hold...I started gold short at 1827 and 1830.. will add.. 1845 is week range high.. {image}
hit..
  • #100,762
  • May 19, 2022 9:18am May 19, 2022 9:18am
I give Russia 1/2 Asia. Since its in Europe and Asia. (mostly in Asia)
Of the top 10 countries in Asia with gold demand. 6.5 are in Asia. Asia by far has the largest demand for gold. At the same time the largest populations require the most food. China India are 1 and 2. Followed by Indonesia as 4. That's over 3 billion people. With some of the highest concentration of gold demand. Gold is likely rising atm because equities are dropping. The rise in gold may be short lived. As the usdx had hit some R. Now falling below a light support.
Looking for evidence of usdx short term bottom. may end up being a longer term bottom. I hoped the eu would reach 0642 first. Gold 1847.12/1848.77/1855 has some R.

Asia has most of the gold demand. The rest of the world is a pimple on the ass of an elephant.
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those who can, do. those who cant, talk about those who can
  • #100,763
  • May 19, 2022 9:24am May 19, 2022 9:24am
shorted some 0576. Will add 1.0600 and 1.0640, in case going higher
Trade to enjoy... Money is after!
  • #100,764
  • May 19, 2022 9:44am May 19, 2022 9:44am
Quoting saninvestor
shorted some 0576. Will add 1.0600 and 1.0640, in case going higher
I think you need a close below 0556.x.. If that happens. Some light support 0520. If its to go to 0642.. 0523/20 may be be where it bounces. But if it closes above 0556. It may not retrace so much. It could stall some, and go directly to 0642.. Some old R 0576/84/97, 0614/15
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those who can, do. those who cant, talk about those who can
  • #100,765
  • May 19, 2022 10:04am May 19, 2022 10:04am
Quoting gatorinla
{quote} I think you need a close below 0556.x.. If that happens. Some light support 0520. If its to go to 0642.. 0523/20 may be be where it bounces. But if it closes above 0556. It may not retrace so much. It could stall some, and go directly to 0642.. Some old R 0576/84/97, 0614/15 {image}
0642 odds got better now.

Week eu average range at 0587/88
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those who can, do. those who cant, talk about those who can
  • #100,766
  • May 19, 2022 10:28am May 19, 2022 10:28am
Quoting Boulder
{quote} hit..
i think 1850 is the high for today above is 1880 then change of trend
new highs for eur and gbp seems like usd is sold frontrunning something

dollar helping the market stable for now but still very weak
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #100,767
  • May 19, 2022 10:47am May 19, 2022 10:47am
Quoting gatorinla
{quote} I may be wrong. I think just the opposite. Sure investors will see it as they have the last 40 years. I think a stronger usd makes gold cheaper comparable. Most of the physical gold, owned by billions of people is in Asia. Asia will be hit hard in food deficits. So a lot of the demand they have for gold, will be sucked up by higher food cost. At the same time some may be forced to sell the gold they have to eat. Some spikes to be expected as people do what they always have done. People sell stocks and put it in gold. People get margin calls...
I wonder what hedge fund is about to crash. Anyone have any clues? Crypto, gold stock.. Who will crash?
those who can, do. those who cant, talk about those who can
  • #100,768
  • May 19, 2022 10:49am May 19, 2022 10:49am
Quoting DMA Trader
{quote} i think 1850 is the high for today above is 1880 then change of trend new highs for eur and gbp seems like usd is sold frontrunning something dollar helping the market stable for now but still very weak
I sold a little 1847.

Quoting gatorinla
I give Russia 1/2 Asia. Since its in Europe and Asia. (mostly in Asia) Of the top 10 countries in Asia with gold demand. 6.5 are in Asia. Asia by far has the largest demand for gold. At the same time the largest populations require the most food. China India are 1 and 2. Followed by Indonesia as 4. That's over 3 billion people. With some of the highest concentration of gold demand. {image}
Quoting gatorinla
Gold is likely rising atm because equities are dropping. The rise in gold may be short lived. As the usdx had hit some R. Now falling below a light support. Looking for evidence of usdx short term bottom. may end up being a longer term bottom. I hoped the eu would reach 0642 first. Gold 1847.12/1848.77/1855 has some R. Asia has most of the gold demand. The rest of the world is a pimple on the ass of an elephant. {image}
those who can, do. those who cant, talk about those who can
  • #100,769
  • May 19, 2022 11:04am May 19, 2022 11:04am
eu didn't reach 1.0600.2. it missed atm by 1.5 pips. The odds for 0642 increase if it does.
those who can, do. those who cant, talk about those who can
  • #100,770
  • May 19, 2022 11:11am May 19, 2022 11:11am
Quoting gatorinla
eu didn't reach 1.0600.2. it missed atm by 1.5 pips. The odds for 0642 increase if it does.
Maybe a double top on 2 and 4hr...
A fool and his money are easily parted
  • #100,771
  • Edited 12:09pm May 19, 2022 11:59am | Edited 12:09pm
Quoting MozzChops
{quote} Maybe a double top on 2 and 4hr...
if its the type of move i think. I think it will fall at 0642/68. I may be wrong. It should Find R 0641/42 or 0651 area. I think closes below 0641, after should be treated like 0556. Bearish if closes below 0641, a rejection.
those who can, do. those who cant, talk about those who can
  • #100,772
  • May 19, 2022 12:10pm May 19, 2022 12:10pm
Quoting gatorinla
{quote} if its the type of move i think. I think it will fall at 0642/68. I may be wrong. It should Find R 0641/42 or 0651 area. I think closes below 0641, after should be treated like 0556. Bearish if closes below 0641, a rejection.
Gold closes below 1847.12 lean bearish to me.
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those who can, do. those who cant, talk about those who can
  • #100,773
  • May 19, 2022 12:14pm May 19, 2022 12:14pm
Quoting gatorinla
{quote} Gold closes below 1847.12 lean bearish to me. {image}
If followed up with closes below these supports should be bearish. More so with closes below 1799.
1826.x 1828.x
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those who can, do. those who cant, talk about those who can
  • #100,774
  • May 19, 2022 1:24pm May 19, 2022 1:24pm
Quoting saninvestor
shorted some 0576. Will add 1.0600 and 1.0640, in case going higher
1.0600 triggered
Trade to enjoy... Money is after!
  • #100,775
  • May 19, 2022 2:33pm May 19, 2022 2:33pm
She it getting closer to 0642..
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those who can, do. those who cant, talk about those who can
  • #100,776
  • May 19, 2022 2:57pm May 19, 2022 2:57pm
Quoting gatorinla
She it getting closer to 0642.. {image}
I got reversal confirmation on M5.
It could be started. Btw I have also 0640 pending.
Trade to enjoy... Money is after!
  • #100,777
  • May 19, 2022 4:04pm May 19, 2022 4:04pm
300 pips monthly ATR is 1.06487 on EURUSD...then 350 pips monthly ATR is 1.06987...I bet for both this month...
I am who I am
  • #100,778
  • May 19, 2022 4:33pm May 19, 2022 4:33pm
Quoting saninvestor
{quote} I got reversal confirmation on M5. It could be started. Btw I have also 0640 pending.
keep it between the lines. If later a close on either side is s/r. I need it to stay or slip below 0642/41. With large closes. Bulls want to close above.

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  • #100,779
  • May 19, 2022 4:44pm May 19, 2022 4:44pm
Quoting imwim
300 pips monthly ATR is 1.06487 on EURUSD...then 350 pips monthly ATR is 1.06987...I bet for both this month...
this would be nice before the month ends.
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  • #100,780
  • May 19, 2022 5:01pm May 19, 2022 5:01pm
Quoting saninvestor
{quote} I got reversal confirmation on M5. It could be started. Btw I have also 0640 pending.
I got a old tl in there in red. It was broken a while back. But the last time at 0641 and this is todays response.
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