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Gold

Just back wkly shopping and happy to see price breaks 1968. 50 and back over 7155 +, now one more chance it may test 66 areas ( probable hs pattern effect) or continue bull over 68.08, signal up 72.26 and confirmation 73.78. Bearside 66 and previous low..
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Not understand?better not follow my analyses!doubt clearer first, risks ++
And back up we go
Well...DXY is on the rise. That thing that people couldn't get rid of faster if it had been a dead body. Now they want it all back. "Sorry for all those things we said about you last week Yellen. Yes, we would like to lend you more money because I'm really sure we will get it back, after all we know what a healthy state your tax payers are in."
Quoting MrFanciful
Well...DXY is on the rise. That thing that people couldn't get rid of faster if it had been a dead body. Now they want it all back. "Sorry for all those things we said about you last week Yellen. Yes, we would like to lend you more money because I'm really sure we will get it back, after all we know what a healthy state your tax payers are in."
Dxy is just retesting the 101.50 area which it broke. I am expecting a reversal from there. lets see what happens.
Quoting Goldengem
{quote} Nice! did you close your positions on the high yesterday? I've got a lot to learn and feel what you mentioned earlier regarding some bearish momentums is true unless some bad data comes out... especially since the DXY will rise with the rate increase announcements if I'm correct ...
Those are my old positions, when price made 73 high i closed it manually and holding short since then

Yes, DXY will rise when rate increase is announced that will propel it for the short term at the very least
Quoting babayaga
{quote} sorry but only you to decide how much loss you can afford welcome to the club
I understand but even if having a 7/3 win-loss ratio from taking ten trades in anytime, I find myself breaking even and feeling like I wasted my time. I need to find a solution because it seems there might be a problem with having a higher stop loss compared to the profit. Do you trade with higher SL then you TP?
Quoting jacobokey12
Time to short Gold a little, at least to $1966 {image}
Okechukwu Jacob.C.
My sentiment - price took out yesterday's low. We retrace now (london manipulation) and resume downwards in a few hours and end the day in 50's. My opinion, trade safe.

Quoting MrFanciful
Well...DXY is on the rise. That thing that people couldn't get rid of faster if it had been a dead body. Now they want it all back. "Sorry for all those things we said about you last week Yellen. Yes, we would like to lend you more money because I'm really sure we will get it back, after all we know what a healthy state your tax payers are in."
NFP reaction was knee jerk at its finest.
Market behavior freaking me out.. sold at 1968, two positions, one short term tp 1961 and long term tp 1947
Quoting David-Roddel
Market behavior freaking me out.. sold at 1968, two positions, one short term tp 1961 and long term tp 1947
I like that idea
Gold bears again, any idea if it breaks the 1964.9 support level? If it does, where will it go further down? Please give suggestions. I took some bad trades and I am holding them, so I want to break even
why is gold going down all of a sudden i wonder
And there is room to fall, i dont think about opening long positions for now...

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Only $10 off wiping out it's entire weekly gain.
Yen is falling across the board on headlines saying BOJ is unlikely to change its policy
So there is a top failure, 63.75 at risk, already broken, so pa demand further down in the still top range over next support 1945.71.
Now may support around 1950 by one or 2 legs down , and if next failure then as per daily tf arounds 1937
Daily close try best 60.36, while low can be 57!
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Not understand?better not follow my analyses!doubt clearer first, risks ++
https://www.tradingview.com/news/reu...ve-boj-target/

It amazes me how people who trade USD pairs DON'T track the USD AT ALL, and then freak out when market moves.
Quoting David-Roddel
Market behavior freaking me out.. sold at 1968, two positions, one short term tp 1961 and long term tp 1947
manually close at 1962 ... lets wait for long term trade or breakeeven
Quoting d1zzy
https://www.tradingview.com/news/reu...ve-boj-target/ It amazes me how people who trade USD pairs DON'T track the USD AT ALL, and then freak out when market moves.
is it you zebi?
Back to the 61.8% fib right on the previous structural support. DXY just peaked above 101 and appears to be possibly retracing back down. If, and I emphasis IF, this is the bottom of the retracement, a measured move takes us to 2003.
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