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  • #22,821
  • Nov 15, 2023 3:14am Nov 15, 2023 3:14am
Quoting SlurKing
No one is worried about us govt shutdown? what happens to the dollar then?
https://www.google.com/url?sa=t&rct=...R&opi=89978449

probably not
  • #22,822
  • Nov 15, 2023 3:20am Nov 15, 2023 3:20am
Red news items 1.30 pm. More surprises ? Mind you Retail sales is -0.1% forecast so wait & see.
  • #22,823
  • Nov 15, 2023 3:23am Nov 15, 2023 3:23am
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  • #22,824
  • Nov 15, 2023 3:31am Nov 15, 2023 3:31am
Quoting Chancy
Red news items 1.30 pm. More surprises ? Mind you Retail sales is -0.1% forecast so wait & see.
so u r telling gold will go 1986?
  • #22,825
  • Nov 15, 2023 3:51am Nov 15, 2023 3:51am
Quoting warriorbd
{quote} so u r telling gold will go 1986?
See what the news brings. Expectation is low, if retail sales surprise to the low the dollar could sink further. But higher than expected and gold could crash.

Core inflation is still way higher than they want, so I can't see how that reaction was normal. High retail sales will mean core cpi stays high and central banks look at this more than energy prices.

Risk on sentiment is driving the dollar down. I can't see much cause for optimism in the global economy.
  • #22,826
  • Nov 15, 2023 4:36am Nov 15, 2023 4:36am
There's every possibility that the USD News they will release today would go against the USD BECAUSE the US Dollar is weak
  • #22,827
  • Edited 5:22am Nov 15, 2023 5:08am | Edited 5:22am
Quoting warriorbd
{quote} so u r telling gold will go 1986?
Just don't know. Price has been edging up this morning. Speculation or someone knows something ? 11.00 am is the time of the London
fix but this is more to do with tradition .
Sorry the London fix is 10.30 am and 3.00 pm. But it doesn't necessarily occur at these exact times .
  • #22,828
  • Nov 15, 2023 5:18am Nov 15, 2023 5:18am
Quoting andrewbarker
{quote} https://www.google.com/url?sa=t&rct=...R&opi=89978449 probably not
Thanks
I think they might pump up the dollar then. I'll be looking for shorts
  • #22,829
  • Nov 15, 2023 5:22am Nov 15, 2023 5:22am
Quoting SlurKing
{quote} Thanks I think they might pump up the dollar then. I'll be looking for shorts

It's very artificial I guess too so yes, in which case gold will drop may drop but that still leaves me non plussed as a beginner
  • #22,830
  • Edited 7:56am Nov 15, 2023 5:28am | Edited 7:56am
1973 done, so close over this level to 1982 next daily closewise likely test, so watching 1980 + move. Take care

break out down and next supports at 1962 to 1956! watching. many high impact news effects , mixed results. 1961.43 limit down for now further up or signal for further down, hope not ! so if intact limit then next target goes towards 1989 having signals at 1967.05 and 1970.22
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #22,831
  • Nov 15, 2023 7:50am Nov 15, 2023 7:50am
Quoting rennauzofx
There's every possibility that the USD News they will release today would go against the USD BECAUSE the US Dollar is weak
The expectation was bad news, it was always likely to be better than expected. I kept my shorts open, which was risky, but yesterday was an overreaction to CPI. The overall economy doesn't say inflation is going below 2% any time soon. So gold has no reason to be going up in price
  • #22,832
  • Nov 15, 2023 7:54am Nov 15, 2023 7:54am
Hello, I am a newbie out here and trying to understand what you guys are posting. Can anyone tell me the impact of todays news of PPI and Retail sales?
  • #22,833
  • Nov 15, 2023 8:14am Nov 15, 2023 8:14am
i'm short at 1963.60
vankiepsauff@gmail
  • #22,834
  • Nov 15, 2023 8:39am Nov 15, 2023 8:39am
Some traders took their short term profit but gold is presently bullish on a daily basis
  • #22,835
  • Nov 15, 2023 8:41am Nov 15, 2023 8:41am
Bullish up until 87 minimum IMO
  • #22,836
  • Nov 15, 2023 8:42am Nov 15, 2023 8:42am
Quoting Fenty
{quote} The expectation was bad news, it was always likely to be better than expected. I kept my shorts open, which was risky, but yesterday was an overreaction to CPI. The overall economy doesn't say inflation is going below 2% any time soon. So gold has no reason to be going up in price
Knee jerk at its finest, price wanted to go up anyway so it did
  • #22,837
  • Nov 15, 2023 8:57am Nov 15, 2023 8:57am
Quoting vankiepsauff
i'm short at 1963.60
closed at 1956.50
vankiepsauff@gmail
  • #22,838
  • Nov 15, 2023 9:01am Nov 15, 2023 9:01am
Quoting Zebi
{quote} welp im short...could have had better entries but placed the orders 24 hours ago LOL...was 100 pips in the red on that spike up for 15 minutes but didnt even notice cause my GU longs kicked ass ill short a couple more if can get to back to 1970 tonight gold bein driven by the desert war so its overall bearish so when dollar retraces gold will drop twice as much
my average is 1964 so placed a sl there incase bools get delusional

tp 1950
short trump and go long the deepstate
  • #22,839
  • Nov 15, 2023 9:01am Nov 15, 2023 9:01am
It's like a Weak bearish channel ...
Waiting to back to Previous High's to Open the Sell . Target : around 1947
Those who dare to fail miserably can achieve greatly.” ~ John F. Kennedy.
  • #22,840
  • Nov 15, 2023 9:06am Nov 15, 2023 9:06am
Good evening traders

the Plunge was expected for Gold,

However we have now 2 scenarios;

 

  1. retesting on zone 1940 - 1950 and then rising again to 2000, 2070 ...

  1. Breaking zone 1940 - 1950 and then falling to its real value prior to war escalation which is 1816


Always remember, we just analyze but we are not the market makers.

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