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Gold

Either way… it should stop ranging
Que Sera
30 mins after NY open, should give a sufficient entry.
Fate goes ever, as fate must.
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.
Gold movement is so confusing.
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.
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?
"Live & Let Live" - David Gilmour
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 ?
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.
make money money money, make mooonneey moneeeeeeey
Trade what you see, not what you hope.
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.
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.
Micro targets
2484 and 2491
Fibonacci will make you rich
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.
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.
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.
Fibonacci will make you rich
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.
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.
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.
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
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.
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