Gold | Page 1906 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

Gold/USD

Attachments: Gold
Exit Attachments

Gold

  • #38,101
  • Aug 14, 2024 7:32am Aug 14, 2024 7:32am
Quoting ScalaFX
added to my sell from 2475 one more 2471 SL still 2485, target around 2445
taken half best protected
People don't plan to lose. They lose because they don't plan.
  • #38,102
  • Aug 14, 2024 7:35am Aug 14, 2024 7:35am
Gold movement is so confusing.
  • #38,103
  • Aug 14, 2024 7:38am Aug 14, 2024 7:38am
Quoting ScalaFX
{quote} taken half best protected
rest Sl be, what a move short one more time, risking profit from last tradez sell 2475 SL 2481
out 2470 not bad today
People don't plan to lose. They lose because they don't plan.
  • #38,104
  • Aug 14, 2024 7:40am Aug 14, 2024 7:40am
So, all and all, US inflation is higher than hoped for, although aligns with expectations, so does this mean the market will dial down chances of rate cut by September and thus have longs liquidated sometime soon?
"Who Dares Wins"
  • #38,105
  • Aug 14, 2024 7:41am Aug 14, 2024 7:41am
Quoting ScalaFX
{quote} rest Sl be, what a move short one more time, risking profit from last tradez sell 2475 SL 2481
missed on CPI won't help on the gold go upwards ?
  • #38,106
  • Edited 8:40am Aug 14, 2024 7:41am | Edited 8:40am
Quoting susu.chuen
Gold movement is so confusing.
_________ thats why 98% retail_traders losin $$$ , they might B just Luckeee in da Beginning

And sooooo many2 dealers aka brokers Around lol + sume posters HERE in this room gettin Paid by these mm to show that FX-Tradin ist sooo

easy to do and make plenty $$$$$ = But never SHOW their trades in ADVANCE on a LIVE CHART !

________ soon my membership will B revoked = thats fine by me hav to spend More Time with my Wife anyways B4 she runs AWAY
Don’t focus on making $$$, focus on protecting what you have.
  • #38,107
  • Aug 14, 2024 7:42am Aug 14, 2024 7:42am
make money money money, make mooonneey moneeeeeeey
Trade what you see, not what you hope.
  • #38,108
  • Aug 14, 2024 7:42am Aug 14, 2024 7:42am
now will be buying from 2450, 2440 or selling from above 2500, thats it
People don't plan to lose. They lose because they don't plan.
  • #38,109
  • Aug 14, 2024 7:43am Aug 14, 2024 7:43am
Quoting susu.chuen
Gold movement is so confusing.
Headline inflation has dropped under 3% - good news for the fed, supports the rate cut narrative.

Bad for the DXY coz - coz it supports the rate cut narrative, investors would liquidate positions and short it to oblivion (probably until the US elections)

Theoretically this is bullish for Gold,

lower interest rates = more people can buy and hold gold for long
cheaper dollar (because its dropping coz rate cut narrative) = gold is cheaper for foreign investors coz the dollar is cheaper

Among all these, safe haven appeal is also in play for the gold and the dollar due to world conflicts, bit messy situation
Fate goes ever, as fate must.
  • #38,110
  • Aug 14, 2024 7:43am Aug 14, 2024 7:43am
Micro targets
2484 and 2491
We watch the charts from every angle so you don't have to!!
  • #38,111
  • Aug 14, 2024 7:44am Aug 14, 2024 7:44am
Quoting Ravenfeeder
So, all and all, US inflation is higher than hoped for, although aligns with expectations, so does this mean the market will dial down chances of rate cut by September and thus have longs liquidated sometime soon?
No headline inflation is below 3% and on its way to the feds target of 2%, this supports the rate cut narrative
Fate goes ever, as fate must.
  • #38,112
  • Aug 14, 2024 7:44am Aug 14, 2024 7:44am
Quoting susu.chuen
{quote} missed on CPI won't help on the gold go upwards ?
data is not so good but better like last time so price can do milking some, wait half hour, price will be going in one direction maybe
People don't plan to lose. They lose because they don't plan.
  • #38,113
  • Aug 14, 2024 7:45am Aug 14, 2024 7:45am
Quoting ScalaFX
{quote} data is not so good but better like last time so price can me milking some, wait half hour, price will be going in one direction maybe
No data is going to change what Gold has to do.
We watch the charts from every angle so you don't have to!!
  • #38,114
  • Aug 14, 2024 7:45am Aug 14, 2024 7:45am
Quoting susu.chuen
{quote} missed on CPI won't help on the gold go upwards ?
There is one rule. Don't trade news. It's quite simple. The movements are often like a rollercoaster. You will never know what the big players in the game want to achieve...
Trade what you see, not what you hope.
  • #38,115
  • Aug 14, 2024 7:49am Aug 14, 2024 7:49am
I am incredibly satisfied with how CPI turned out. There was some volatility, yes, however much, much less than I thought it would be. All Longs are safe and sound, for now.

Now, I have the time to re-analyse the whole situation and also have the time to dump my Longs if proven necessary. Couldn't really wished for more than this and that is the luxury of having the time.
  • #38,116
  • Aug 14, 2024 7:49am Aug 14, 2024 7:49am
Quoting pedro319
{quote} No data is going to change what Gold has to do.
exactly, that is only catalist for price in time
People don't plan to lose. They lose because they don't plan.
  • #38,117
  • Aug 14, 2024 7:52am Aug 14, 2024 7:52am
Quoting ScalaFX
now will be buying from 2450, 2440 or selling from above 2500, thats it
is your 20% long position still holding bro?
2 Corinthians 12:9
  • #38,118
  • Aug 14, 2024 7:54am Aug 14, 2024 7:54am
Quoting goldenwizard
{quote} is your 20% long position still holding bro?
yes, thats is only bonus
People don't plan to lose. They lose because they don't plan.
  • #38,119
  • Aug 14, 2024 7:57am Aug 14, 2024 7:57am
Quoting ScalaFX
{quote} yes, thats is only bonus
What's your target (TP) for the Gold Scala?
  • #38,120
  • Aug 14, 2024 8:00am Aug 14, 2024 8:00am
The data is only highlighting what I have bee saying for months.
Investors are realising most statistics were "cooked", some of the items intentionally taken out to make cpi look rosy...well it's evident for everyone to see.


My crystal ball indicates that last highs likely to be challenged soon.
Let's see.
We watch the charts from every angle so you don't have to!!
162 traders viewing now, 17 are registered:
Nasim01
,
nikolamerga2
,
alexgoat
,
Price369
,
Anxnd
,
Scode
,
Jaijojan007
,
,
,
changom
,
Koulus
,
Gmom3155
,
Little_One
,
Dravvyy
,
ozzitrader
,
Izeey007
,
Franken1