Gold

Quoting Ravenfeeder

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{quote} I have this suspicion too, I hope we get chance to buy as the markets openn(probably not, sometimes it's the 1st 1min candle that does the massive jump), as I am hedging, but if it goes only until 2250 1 minute of Asian open, I should be fine. Lol

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Quoting Zebi

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heres two hourly charts...one futures and other spot im still holding my shorts and im 3000 dollars underwater because of the runup not for technical reasons but all because of the rollover to a new futures contract ill hold for another 2000 dollar drawdown and close if my loss gets to be 5000... im hoping for a drop next week since this week was just artificial manipulation because of the futures switchover from the expiring march contract to the new june contract learn the basics of trading gentlemen ..... futures rule over spot because...

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Quoting H.z

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{quote} But why switching over from expiring March caused the Gold spike at the last minutes only? There should be another reason

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Quoting H.z

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Key Fed inflation gauge rose 2.8% annually in February, as expected… what do you think guys? This should take the gold down, tho I might be wrong

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Quoting H.z

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{quote} Don’t forget Powell’s speech today, it may reverse ur suspicions

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Quoting Markyboi

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What are the chances Gold opens with a huge gap up? Like 2250 or potentially even higher?

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Quoting giveachance

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{quote} gold is an inflation hedge but it behaves quite weirdly to data nowadays. it goes up on good employment print, geopolitical tensions, expectations of lower interest rates etc etc. I think we are close to 2% mandate for FED so it will be status quo on Monday opening. I am still worried abt the 20 dollar candle which came up in last 1 hr. who bought gold that late? did he bought in expectations of this data?

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Quoting H.z

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{quote} Technically the Gold should move down, The US dollar is firm where it should take the gold price down but the spike at the last minutes screwed up everything

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Quoting Ravenfeeder

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{quote} I hope so, it will be great, as the price is so overstretched, it has to drop at some point. The data makes me wonder, is it mixed? What will Powell think Hopefully the dude is hawkish has hell, like he used to be, then we can expect some sweet dumpin'

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Quoting Denelio

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{quote} Yup technically and even fundamentally it should probably go down but gold has been breaking all the technical and fundamentally rules lately, lol

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Quoting H.z

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Key Fed inflation gauge rose 2.8% annually in February, as expected… what do you think guys? This should take the gold down, tho I might be wrong

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Quoting parveenverma

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{quote}So buddies.......Gold 4H close above 2213 means bears are in trouble and bulls can be also not safe at this price. I am done for the today before my 2 months complete break. So No buys, No sells , No SL, No TP , No social chats during these peaceful days. So green pips to all of you during this duration of 2 months. and once again.... "Trade safe"

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Quoting luckytujuh

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{quote} You are right. Everyone has being seeing this but because institutions are manipulating it. I am certain it will break the lows. But be patient there has to be another ath a bit more range than the weekly. Where it stop. It might be the spot to sell. It might not even pump and dump. It might just drop instantly. But lets see monday

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Quoting giveachance

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Powell is really bullish. I think the 20 dollar spike will be gone come Sunday in gold

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Quoting H.z

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{quote} did you get a chance to find out Powell’s speech? I didn’t so far, maybe we can find any hints

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