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  • #14,201
  • Aug 1, 2023 12:24pm Aug 1, 2023 12:24pm
Trend line is so close to price.
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Love for all; Hatred for none.
  • #14,202
  • Aug 1, 2023 12:31pm Aug 1, 2023 12:31pm
Quoting Eren10
{quote} Thanks for the info. So Futures see higher prices. However, the monthly range's are sometimes around 100$. So the price can still go to 1900 or even 1850's and then go up again to 2000. I can't confirm your PMI claim as I don't remember why the price moved Maybe good idea to write the main price mover.
In my opinion, the weaker PMI numbers were because of the recent rate hikes from the FED. Powell, wants inflation to go down, and he has succeeded this year in bringing it down. Todays move up in DXY was probably to take out some stop losses, but DXY will continue its trend down to follow with the FED's inflation forecast. That will certainly bring Gold up to above 2000. With BOJ's recent rate hike stop, we can expect the buying of Gold to continue in Asia as their cashflow increases and their latest selling of the Dollar. China is still the largest buyer of gold in the world.

It might not happen over night, but it is in play for the Dollar to go down and gGold to go up in the next few months.
  • #14,203
  • Aug 1, 2023 12:34pm Aug 1, 2023 12:34pm
Quoting T721
{quote} Hi Eren if Gold takes out the todays low look for buys between 1940/35 area for buys, PS -- it doesnt need that drop as it grabbed Liquidity today
Hi Terry thanks for the tip. When the last time price fell to 1942 due to the news the price stayed above 1942 and then went up to 1970 in two days. Now is a different situation but maybe indeed price will stay above, will be important what Asian session will do. But if the ~35-40 doesn't hold then the graph shows more lower values towards 1900.
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  • #14,204
  • Aug 1, 2023 12:44pm Aug 1, 2023 12:44pm
Quoting JackR
{quote} In my opinion, the weaker PMI numbers were because of the recent rate hikes from the FED. Powell, wants inflation to go down, and he has succeeded this year in bringing it down. Todays move up in DXY was probably to take out some stop losses, but DXY will continue its trend down to follow with the FED's inflation forecast. That will certainly bring Gold up to above 2000. With BOJ's recent rate hike stop, we can expect the buying of Gold to continue in Asia as their cashflow increases and their latest selling of the Dollar. China is still...

what weaker PMI numbers?
short trump and go long the deepstate
  • #14,205
  • Aug 1, 2023 12:44pm Aug 1, 2023 12:44pm
Quoting JackR
{quote} In my opinion, the weaker PMI numbers were because of the recent rate hikes from the FED. Powell, wants inflation to go down, and he has succeeded this year in bringing it down. Todays move up in DXY was probably to take out some stop losses, but DXY will continue its trend down to follow with the FED's inflation forecast. That will certainly bring Gold up to above 2000. With BOJ's recent rate hike stop, we can expect the buying of Gold to continue in Asia as their cashflow increases and their latest selling of the Dollar. China is still...
Next CPI numbers from USA will be important let's see what that will bring.

EUR, GBP have just recovered some losses against the dollar. But not Gold. I am long in Gold at the moment that is the reason why Gold is not recovering more I suppose . Asian's should help us
  • #14,206
  • Aug 1, 2023 12:47pm Aug 1, 2023 12:47pm
if price gets to 1948 ill start shorting again
short trump and go long the deepstate
  • #14,207
  • Aug 1, 2023 12:50pm Aug 1, 2023 12:50pm
Entered long
  • #14,208
  • Aug 1, 2023 12:51pm Aug 1, 2023 12:51pm
Quoting Eren10
{quote} Hi Terry thanks for the tip. When the last time price fell to 1942 due to the news the price stayed above 1942 and then went up to 1970 in two days. Now is a different situation but maybe indeed price will stay above, will be important what Asian session will do. But if the ~35-40 doesn't hold then the graph shows more lower values towards 1900. {image}
Something like this But remember i could be wrong
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  • #14,209
  • Aug 1, 2023 12:51pm Aug 1, 2023 12:51pm
Quoting saal
{quote} I think it has nothing to do with the number of posts. My record is to achieve it in a short time of 10 days.
LOL...i think you found the glitch in the matrix...FF probably spent good deal of money to code aan algorithim to highlight big mouth contributors and you did it in 10 days and 35 posts by subscribing to 2700 people...i didnt think there were that many in FF LOL

i knew starting many threads even stupid ones helps get the influencer tag but you did it a much better way
short trump and go long the deepstate
  • #14,210
  • Aug 1, 2023 12:54pm Aug 1, 2023 12:54pm
My buy areas for a target above 2000...
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  • #14,211
  • Aug 1, 2023 12:55pm Aug 1, 2023 12:55pm
Quoting Zebi
{quote} LOL...i think you found the glitch in the matrix...FF probably spent good deal of money to code aan algorithim to highlight big mouth contributors and you did it in 10 days and 35 posts by subscribing to 2700 people...i didnt think there were that many in FF LOL i knew starting many threads even stupid ones helps get the influencer tag but you did it a much better way
2700 people
  • #14,212
  • Aug 1, 2023 1:09pm Aug 1, 2023 1:09pm
https://www.dailymail.co.uk/news/art...hemselves.html

bulls are spreading fake news about me and my friends
short trump and go long the deepstate
  • #14,213
  • Aug 1, 2023 1:11pm Aug 1, 2023 1:11pm
Majority has long positions, will close my trade as soon a p.
  • #14,214
  • Edited 1:22pm Aug 1, 2023 1:11pm | Edited 1:22pm
im gona start shorting above 1948 up to 1954 or a break below todays lows
short trump and go long the deepstate
  • #14,215
  • Edited 1:33pm Aug 1, 2023 1:23pm | Edited 1:33pm
Just had a look at gold futures, looks like best interest in December contracts.
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Open interest prices not indicating huge price fluctuations Dec estimate 2000. Can this be reliable at all? We will see in a few months
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  • #14,216
  • Aug 1, 2023 1:23pm Aug 1, 2023 1:23pm
Quoting Jolita
Majority has long positions, will close my trade as soon a p.

At previous 1942 everybody was also thinking in long, then it went good This time it doesn't look that strong because it recovered just about 3 dollars.
  • #14,217
  • Aug 1, 2023 1:33pm Aug 1, 2023 1:33pm
i dont see bulls closing above 1959 on daily so that will be my sl on any new shorts
short trump and go long the deepstate
  • #14,218
  • Aug 1, 2023 1:36pm Aug 1, 2023 1:36pm
Quoting Zebi
i dont see bulls closing above 1959 on daily so that will be my sl on any new shorts
Perhaps is time to close the gap.
  • #14,219
  • Aug 1, 2023 1:38pm Aug 1, 2023 1:38pm
Quoting Jolita
{quote} Perhaps is time to close the gap.

yep..been a while...as long as chinese dont start selling dollars agin every night price will crash
short trump and go long the deepstate
  • #14,220
  • Aug 1, 2023 2:00pm Aug 1, 2023 2:00pm
Quoting Zebi
{quote} yep..been a while...as long as chinese dont start selling dollars agin every night price will crash
It has been a while, guess many buyers entering to hold where we are now, but will get there eventually.

AliBaba was sold today -2%, dollar remains strong and courageous will continue to rise. But I expect unexpected moves to happen soon, quiet before the storm.
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