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Gold

  • Post #21,381
  • Quote
  • Edited Oct 15, 2023 12:35am Oct 14, 2023 10:42pm | Edited Oct 15, 2023 12:35am
im posting this today cause its football sunday tomoro

i was reading an article in NYT and they mentioned the hezbollah raid and "war" in 2006 so i had to look how gold and gu reacted to that LOL

heres some background from wikipedia:

On 28 May 2006, less than two months before the Lebanon War began, Hezbollah fired rockets into northern Israel in response to the killing in Lebanon of Mahmoud al-Majzoub, a top Palestinian Islamic Jihad leader. Israel retaliated by launching air strikes on Hezbollah bases in Lebanon and firing artillery across the border. The fighting was described as the most intense since the Israeli withdrawal in 2000, though it was over quickly due to a UN-sponsored cease fire.[15]

israel attacked on july 12 2006 and as you can see gold ran up in price leading up to the outbreak and dropped in price as soon as the war started

in GU's case was the opposite...price fell in the runup and escalation of tensions and rose during the war

exactly the same reaction this time...gold and GU doing the opposite and human nature being what it is GU might go up and recover this drop and gold will drop

so if anyone wants to make money from this drama and death this may be the template... stay informed gentlemen


weekly charts
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Kamala/Walz pulling away for the win
Quoting Zebi
im posting this today cause its football sunday tomoro i was reading an article in NYT and they mentioned the hezbollah raid and "war" in 2006 so i had to look how gold and gu reacted to that LOL heres some background from wikipedia: On 28 May 2006, less than two months before the Lebanon War began, Hezbollah fired rockets into northern Israel in response to the killing in Lebanon of Mahmoud al-Majzoub, a top Palestinian Islamic Jihad leader. Israel retaliated by launching air strikes...
Sell the fear, buy the bullets.

the saying means that markets fear uncertainty. An unexpected attack was uncertainty. After the sell off it'll return to normal and recover the sell off.

with it being an unexpected attack and no political build up, it's hard to know how long gold will rise. I'd guess it's like a recession move where it goes sharply up for 1 to 4 weeks then moves back down slower.
Quoting Zebi
im posting this today cause its football sunday tomoro i was reading an article in NYT and they mentioned the hezbollah raid and "war" in 2006 so i had to look how gold and gu reacted to that LOL heres some background from wikipedia: On 28 May 2006, less than two months before the Lebanon War began, Hezbollah fired rockets into northern Israel in response to the killing in Lebanon of Mahmoud al-Majzoub, a top Palestinian Islamic Jihad leader. Israel retaliated by launching air strikes...
Zebi Do you think it will pass 2000 before it starts getting lower?
Hi,

I have not posted before in this forum. Just observing, but this week I am really worried. I have a 10% equity loss right now with Gold and big lots opened, margin call will hit if there is a gap-up on opening or just another upswing of up to 54$ rise in the gold price. Yeah, that's a lot but considering the situation it could make a crazy move in the morning and blow my account. My breakeven is just 4$ move below where it closed.

Considering this situation, what do you think I should do when the market opens with many possible scenarios? Should I get out at a loss if it opens at the close price? Suppose it makes a crazy gap-up move of 20$, should I stay with it to go down?

I will appreciate for your views on this situation.
Quoting Siawosh
{quote} Zebi Do you think it will pass 2000 before it starts getting lower?
I think that's just a guess from anybody. I'd look more at historical charts to see when it will likely change. Russia invasions was Feb 24th 2022. There had been an expectation for a few weeks that this would happen which is when price moved up starting February. It moved up for about 4-5 weeks before moving back down and following fundamentals of yields for the next 6 months.

I don't think the Israel war has as big implications globally as the Ukraine war, but it does have implications. The war was unexpected so a shorter, sharper rise might be expected.

If I had to guess, I'd probably say it'll be about 2000 where it decides to turn back down, but it could happen on Monday. After that giant weekly and particularly Friday candle, a Larry Williams smash day type retracement would not be a surprise. I'm certainly not entering any long term shorts again until I get some sense that the market is settling down and moving back towards some form of normality.

A global recession is very likely coming soon, and I think the US will start to show signs of this in the coming months, especially if oil keeps rising.
Looks a possibility to me this week, extreme levels 1952$ and 1998$ on both possibilities.
Wild moves either way expected this week.
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What do you think
Possible higher tf, top failures signal long back, on adrenaline and failed previously 2 times further and now suddenly trying crazy strong again, ok little up but may melt down smooth on time. Take care
For real bear it still staggering top 4rth of expected /running swing down!

in smaller tf , the flying dragon may not hold for longer times , so will watch some levels at down only , if fy further up welcome !
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Not understand?better not follow my analyses!doubt clearer first, risks ++
Quoting fontu
Possible higher tf, top failures signal long back, on adrenaline and failed previously 2 times further and now suddenly trying crazy strong again, ok little up but may melt down smooth on time. Take care For real bear it still staggering top 4rth of expected /running swing down! in smaller tf , the flying dragon may not hold for longer times , so will watch some levels at down only , if fy further up welcome ! {image} {image} {image} {image}
again a great analysis from you. I did a quick analysis of gold and the result for me was a high probability of further upside. H1.
I could be wrong.

  1. aahmad29
  2. Joined Aug 2012 | Status: Love for all; Hatred for none | 3,143 Posts


Thanks Zkarim. I followed your signal and had Buy order @1820 lot size was 0.04. closed half position at 1883 and other half closed at 1900. My profit was
$126+ $34= $$160

_____________ soooo finalleee made sume profits$ huh = by Not usin ur stupid ancient levels

Don’t focus on making $$$, focus on protecting what you have.
[ iborf71;14617903]{quote} again a great analysis from you. I did a quick analysis of gold and the result for me was a high probability of further upside. H1. I could be wrong. [/quote]
thanks , as it up anyway , it likely thrust more up!
but may not so straight again , time to tame down anyway at strong resistance overhead ! H4 doji push up to h4 doji may down as well. , lets see where it may open market , both sides gap possible ! if continue up now for target 1947 while correction chances with or without be 1900 and 1884 limit . more down to up possible apparently at present ! take care
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Not understand?better not follow my analyses!doubt clearer first, risks ++
Quoting Zebi
{quote} price will prolly fall to 1860 i want to say in a couple weeks but may do it in a day if and when natayahoo backs down after usa gives israel a few more billions
Its possible they were given a few billon as well to buy Gold seeing as the Israeli Shekel has taken a nose dive. Anything to help prop up their economy and fund their ridiculous war against the Palestinians again and again

Jus one of many thoughts at the moment
@murugesh29 happy new profitable week, I hope this new week is better for everyone in your channel and everyone in this forum.
Quoting T721
{quote} Xin chào Hasang, không biết làm cách nào để chúng tôi có thể vượt qua rào cản ngôn ngữ. Có thể nếu chúng tôi phóng to và bạn ghi lại rồi xem liệu bản ghi có cung cấp cho bạn phụ đề hay không. Ngoài ra, tôi không chắc nên đề xuất ǵ. Xin lỗi v́ trả lời muộn, tôi mới thấy tin nhắn này
Thank you for replying me.
Maybe I have to upgrade myself first!
Quoting Biana
@murugesh29 happy new profitable week, I hope this new week is better for everyone in your channel and everyone in this forum.
Its all about Timing!!!
Checking pa, try correct as far possible, same towards 1900 to 1884 limit ! Take care

a minute pennant flag fails take up at d/4 extension and bo down , still 1910 may support before 1905.51 . 1st confirmation correction as start
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Not understand?better not follow my analyses!doubt clearer first, risks ++
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long.., one position at 08.94 &
small one at 10.74 (TP10, SL30)
imo, at least we'll see a little range here (??!)

P.S. WPP (Classic) at 1902.75.., but not too early for 1900th area(?)
all daily PPs printed & WPP DeMark's at 1910.28 as well
dolce vita
I'm taking a small long targeting 1926.
Let's see what happens.
HOW COME?!.... DXY IS DOWN AND GOLD DOWN ALSO?.. THIS IS WEIRD... SOMETHING WRONG HAPPENED
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