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Gold

premium on physical Gold went up on the weekend
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
Quoting parveenverma
Possibilities for Gold for next week- Gold can go slightly up or open gap up to 1990-1995 area on Monday or more then retracement continue till 1877 area in next few days. On Monday/Tuesday minimum retracement up to 1971 and maximum retracement up to 1945 can be possible. So possible supports for 30M & 1H can become 1974,1961,1953 & 1945 & Resistance 1991,2006 & 2022 in case gold continue make it move upwards( If market will start retracement from Friday High then the S&L levels remain as mentioned & if market retraced from 1995 area then difference...
Imp- Gold is in super bullish stage in 30M,1H,4H and now in daily(After Friday close) so if it will continue it's movement then it can reach minimum 2054 or we can have a all time high possibly in next few days.Trade safe
Quoting parveenverma
{quote} Imp- Gold is in super bullish stage in 30M,1H,4H and now in daily(After Friday close) so if it will continue it's movement then it can reach minimum 2054 or we can have a all time high possibly in next few days.Trade safe
I wouldn't sell Gold before the FED announcement this week
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
Quoting ForexGoose
there could be a gap up tomorrow after the market opens in Asia https://www.cnbc.com/2023/03/18/cred...ppen-next.html

This negotiations is the key for Monday. But it looks uncertain when they will give us some information.
Quoting ForexGoose
{quote} I wouldn't sell Gold before the FED announcement this week
DXY vs Gold.

DXY maybe downward a few days. Negotiations just a strategy of uncertainties. This may course disruption which interrupt an event
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https://www.cnbc.com/2023/03/19/crun...ssurances.html

Quote

  1. Talks over rescuing Credit Suisse rolled into Sunday as UBS sought $6 billion from the Swiss government to cover costs.
  2. UBS is under pressure from the Swiss authorities to take over its local rival to get the crisis under control, two people with knowledge of the matter said.
  3. Regulators want a resolution before markets reopen on Monday, but one source cautioned the talks are encountering significant obstacles.

don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
Quoting aahmad29
I wasn't feeling well so stayed away from trading since Tuesday. Hopefully will be back on Monday. Have a great weekend every one.
Take care,hope u get well soon...💯❤️
Its all about Timing!!!
Quoting ForexGoose
https://www.cnbc.com/2023/03/19/crun...ssurances.html {quote}
i also suspect gap up, hopefully exhaustion one, as Asian opens. Big question is: can we expect another parabolic event?
Quoting aahmad29
I wasn't feeling well so stayed away from trading since Tuesday. Hopefully will be back on Monday. Have a great weekend every one.
Get Well Soon.
Quoting Ravenfeeder
{quote} i also suspect gap up, hopefully exhaustion one, as Asian opens. Big question is: can we expect another parabolic event?
On a fundamental basis, I think up is the only way for gold to go.

Think about it this way:

Fed meeting this week.

If they decide to pivot/pause - Gold goes up as DXY goes down
If they decide to hike - Gold goes up because of the prospect of more banks going down the route of SVB, SIG, CS etc.

I'm extremely cautious about shorting gold at this moment in time even though this move up has been insane
Quoting Xauusdscalpr
{quote} On a fundamental basis, I think up is the only way for gold to go. Think about it this way: Fed meeting this week. If they decide to pivot/pause - Gold goes up as DXY goes down If they decide to hike - Gold goes up because of the prospect of more banks going down the route of SVB, SIG, CS etc. I'm extremely cautious about shorting gold at this moment in time even though this move up has been insane
A small retracement is expected,and continue Northwards...
Its all about Timing!!!
UBS, CS have a deal. Sold for 2 billion. Apparently the problems where higher as the price was low.

How the market will react is not clear to me. Maybe the market won’t trust it yet and buy more gold. But a retracement is also very possible.
buy limit placed at 1960, stop under 1950, target 1980+
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
Strong drop, or just a slight correction?
Quoting ForexGoose
buy limit placed at 1960, stop under 1950, target 1980+
it is possible for Gold to go even lower if risk improves

i cancelled the buy limit and will wait until the NY open
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
Quoting parveenverma
Possibilities for Gold for next week- Gold can go slightly up or open gap up to 1990-1995 area on Monday or more then retracement continue till 1877 area in next few days. On Monday/Tuesday minimum retracement up to 1971 and maximum retracement up to 1945 can be possible. So possible supports for 30M & 1H can become 1974,1961,1953 & 1945 & Resistance 1991,2006 & 2022 in case gold continue make it move upwards( If market will start retracement from Friday High then the S&L levels remain as mentioned & if market retraced from 1995 area then difference...
Hello all! Good Morning from India. For me-----Today's maximum retracement can up to 1945-45 area.So plan remain same for me ....only scalping .I may be wrong. trade safe
1971 is the minimum retracement area.....
This week we likely to see high volatility than last week,due to ongoing fear of bank contagion and the US Federal Reserve’s policy meeting.
Some key points for this week:
*UK CPI (inflation) data
*Canadian CPI (inflation) data
*US Federal Funds Rate, FOMC Statement & Projections
*SNB Policy Rate & Monetary Policy Assessment
*UK Official Bank Rate & Monetary Policy Summary
*US Unemployment Claims
*Flash Services & Manufacturing PMI data for USA, UK, Germany, and France
*It will be a public holiday in Japan on Tuesday.
Its all about Timing!!!
Quoting parveenverma
{quote}Hello all! Good Morning from India. For me-----Today's maximum retracement can up to 1945-45 area.So plan remain same for me ....only scalping .I may be wrong. trade safe 1971 is the minimum retracement area.....
NO bears till 2008 but 2000 imp fibo level for me 161.8% so buy scalp till 2000.I may be wrong trade safe.
Quoting parveenverma
{quote}NO bears till 2008 but 2000 imp fibo level for me 161.8% so buy scalp till 2000.I may be wrong trade safe.
Update: Alert! 1995 daily resistance if broken....we will easily chase 2007 at least.
Quoting parveenverma
{quote}Update: Alert! 1995 daily resistance if broken....we will easily chase 2007 at least.
Dear Parveenverma , considering your quote, can i use buy stop at 1996 with tp 2006?
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