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Gold

M1 ichi
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let's start week on a positive note
dolce vita
Monthly chart with Macd. Crossover .Last time was February 2021 .H 1871, L 1716 O 1855, C 1738 . A decline of $155
Momentum below zero line . However that's set at 9, set at 12 it's above the zero line. Indicators can be tweaked.
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Anyone who thinks that the dollar has ever been king hasn't paid attention to history.

Inserted Video
My bias is indicating a move to 1860 before it comes back 1820.

What is the general sentiment over here?
https://charts.mql5.com/37/479/xauus...investindo.png

Gold have change finishing to go down, (in my mind). green line is key support for this product, comonly gold will be reaction if touch support or resistance area. So may be we will see it.
Strategi: buy gold if price rebound from the area and see the price action on there. usually market will make reversal pattern like morning star candle, Head and shoulders, or another you call.
Sell if the market broken this area, if market closed lower than support area (green line) so it's the signal bearish trend is the king still since 2 weeks ago.
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Quoting deusmitte
My bias is indicating a move to 1860 before it comes back 1820. What is the general sentiment over here?
Personally, buy side liquidity grabbed we move lower now towards 23-28
Quoting d1zzy
{quote} Personally, buy side liquidity grabbed we move lower now towards 23-28
The lower it goes, the cheaper physical gold I can buy.
Quoting MrFanciful
{quote} The lower it goes, the cheaper physical gold I can buy.
How do you buy it in the UK? In ounces? or grams
let's look at some levels given by WPPs
H2, WPPs, WR1&S1 (Classic&DeMark's)
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charting with fxstreet
...and we've got plenty of missed PPs, Daily&Weekly from last week
but after all I am curious if "massacro" to be continued
dolce vita
Quoting babayaga
let's look at some levels given by WPPs H2, WPPs, WR1&S1 (Classic&DeMark's) {image} and we've got plenty of missed PPs, Daily&Weekly from last week but after all I am curious if "massacro" to be continued
As of right now market seems to struggle for direction. Move into the upside is the most likely, hence the reason for it to continue dropping further.

Wrecking ball Dollar seems unfazed
Quoting d1zzy
{quote} How do you buy it in the UK? In ounces? or grams
It's typically in ounces, although you also get small bars in grams.

The small bars are more expensive as a price/weight ratio but when the global fiat currencies totally collapse, those bars will be easier to spend rather than a britannia at £15,000 - £20,000 (although at that point, comparing gold to fiat currencies won't make any sense at all). And if you think I'm crazy for thinking that's where the prce is going, it's gone up 433% against the pound since 2007 and 240% against the dollar.

Things are many orders of magnitude worse now than they were in 2007-2008.
Quoting deusmitte
{quote} As of right now market seems to struggle for direction. Move into the upside is the most likely, hence the reason for it to continue dropping further. Wrecking ball Dollar seems unfazed
probably you are right, let's wait for next H4 candle & be ready for news before and after NYO
dolce vita
Quoting MrFanciful
{quote} It's typically in ounces, although you also get small bars in grams. The small bars are more expensive as a price/weight ratio but when the global fiat currencies totally collapse, those bars will be easier to spend rather than a britannia at £15,000 - £20,000 (although at that point, comparing gold to fiat currencies won't make any sense at all). And if you think I'm crazy for thinking that's where the prce is going, it's gone up 433% against the pound since 2007 and 240% against the dollar. Things are many orders of magnitude worse now...
Since 2008 we had a sustained period of low inflation and low yields. We're now in a normal yield and high inflation period. I think that's going to continue for some time yet, and we're only really at normal not high for yields yet.

If I'm right, then saying gold will grow at the same rate is flawed. When yields were low the safe haven of gold made sense, that's not true anymore. Can't see gold going over 2000 and holding there any time soon.
Quoting Fenty
{quote} Since 2008 we had a sustained period of low inflation and low yields. We're now in a normal yield and high inflation period. I think that's going to continue for some time yet, and we're only really at normal not high for yields yet. If I'm right, then saying gold will grow at the same rate is flawed. When yields were low the safe haven of gold made sense, that's not true anymore. Can't see gold going over 2000 and holding there any time soon.
The US also didn't have a debt/tax revenue of 670% either and budget deficit of 42% of tax revenue.
Few more drops like this and I’ll recover lol, god bless America
Quoting deusmitte
{quote} As of right now market seems to struggle for direction. Move into the upside is the most likely, hence the reason for it to continue dropping further. Wrecking ball Dollar seems unfazed
Some one here called the dollar a bad ass mf and I agree wholeheartedly
Quoting d1zzy
{quote} Some one here called the dollar a bad ass mf and I agree wholeheartedly
But he also said it was due to his team having one of their coorupt multi millionaires in the White house as opposed to one of the corrupt multi millionaires of the the other teams, even though there is only one team.
Quoting luckytujuh
potential swing buy from 1827.93 1 small lot buy entry from 1832.47 for fomo traders {image}

Small lot entered . Long 1 now
Quoting MrFanciful
{quote} But he also said it was due to his team having one of their coorupt multi millionaires in the White house as opposed to one of the corrupt multi millionaires of the the other teams, even though there is only one team.
They're all the same aren't they, each to their own I guess
1 long small entry at 1932.2

2nd position limit at 1827.93. Sl both at 1819

Both tp 1956 or hold swing
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