Breaching 1914 means next 1910 and then all the way down to 1884 as TP 
- #17,062
- Aug 29, 2023 7:01am Aug 29, 2023 7:01am
- Joined Jul 2023 | Status: legendary scalper | 1,010 Posts
{quote} Atlast u came for bearish move
im still toward the bullish bias.
once my longs touches 1914, i will definitely cut it.
Trading is very lonely
- #17,063
- Aug 29, 2023 7:09am Aug 29, 2023 7:09am
- | Commercial User | Joined Oct 2018 | 1,031 Posts
This H4 is crucial closing below 1923 is bearish to 1865.. Now will get support 1917.6(200SMA) Trade safe
Its all about Timing!!!
- #17,069
- Aug 29, 2023 7:48am Aug 29, 2023 7:48am
- | Commercial User | Joined Oct 2018 | 1,031 Posts
{quote} Yes ,dp 1919.59 on my chart ,touching this will pump or drill.. Expecting to drill to 1910..
for 1Hr
Its all about Timing!!!
- #17,070
- Aug 29, 2023 7:50am Aug 29, 2023 7:50am
- Joined May 2022 | Status: Trader | 8,035 Posts
short trump and go long the deepstate
- #17,071
- Aug 29, 2023 7:51am Aug 29, 2023 7:51am
- Joined Jul 2023 | Status: legendary scalper | 1,010 Posts
Trading is very lonely
- #17,072
- Aug 29, 2023 7:51am Aug 29, 2023 7:51am
- Joined May 2022 | Status: Trader | 8,035 Posts
short trump and go long the deepstate
- #17,073
- Aug 29, 2023 7:53am Aug 29, 2023 7:53am
- Joined Aug 2018 | Status: LQUIDITY-THE ONLY TRADING TRUTH | 1,373 Posts
{quote} 1912 has to decide for direction
- #17,074
- Edited 8:16am Aug 29, 2023 7:56am | Edited 8:16am
- Joined May 2022 | Status: Trader | 8,035 Posts
short trump and go long the deepstate
- #17,075
- Aug 29, 2023 7:58am Aug 29, 2023 7:58am
- | Commercial User | Joined Oct 2018 | 1,031 Posts
Its all about Timing!!!
- #17,076
- Aug 29, 2023 8:07am Aug 29, 2023 8:07am
- Joined May 2022 | Status: Trader | 8,035 Posts
{quote} whatever you meant by that.... the impact of bond yields on the overall market environment is enormous. Shown here 1 month. Yields 30years, 10years,2 years vs. XAUUSD, Sup500, DAX - they eat up everything: gold, stock indices like Canadian wild geese before they fly to Siberia. {image}
i made a couple posts about bond futures probably while you were on vacation looking like they bottomed and that im buying TLT for my retirement accounts
so thats another negative on all the other negative reasons for gold because people will get out of gold and buy bonds since they make money on interest and price of the bond increasing so they get a double bubble.
short trump and go long the deepstate
- #17,078
- Aug 29, 2023 8:08am Aug 29, 2023 8:08am
- | Membership Revoked | Joined Feb 2022 | 2,509 Posts
Don’t focus on making $$$, focus on protecting what you have.
- #17,079
- Aug 29, 2023 8:28am Aug 29, 2023 8:28am
- Joined Mar 2021 | Status: Trader | 2,976 Posts
{quote} i made a couple posts about bond futures probably while you were on vacation looking like they bottomed and that im buying TLT for my retirement accounts so thats another negative on all the other negative reasons for gold because people will get out of gold and buy bonds since they make money on interest and price of the bond increasing so they get a double bubble.
Even if they have done that, which they haven't because they hardly had a yield on them since 2008, which is why there have been 5 US bank failures so far this year, the US government can't afford to pay the interest on the bonds at 4, 5, 6 percent without either massive spending cuts, which they won't do, or massive inflation. Bond yields have been rising at the moment precisely because of the US budget deficit worries.
US Bonds are only as good as the governments promise. That alone should be of a slight concern, regardless of the political side of the fence anyone is on.
Remember that it was just a few years ago that the Yen was considered a safe haven? Below shows how quickly hyperinflation can take hold.
EDIT: The crucial component that is currently missing is fear. But it will come.
- #17,080
- Aug 29, 2023 8:29am Aug 29, 2023 8:29am
- | Membership Revoked | Joined Feb 2022 | 2,509 Posts
{image}
Don’t focus on making $$$, focus on protecting what you have.