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Gold

My stupid thoughts on today was that we're sticking too long on super good retail sales data without even consider what markets think about it, to the point we'd think the movement after NY opens yesterday was so manipulated. And because of that the big players have humbled all the long positions on USD until now and maybe until closing time.
Just another guess, but probably will be bearish
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Quoting MIKKI
{quote} Your stop loss is my TP
Congrats...
You get your TP
Now… the question is…

do we keep going up & up & up taking out fresh shorts on the way as others open trying to catch the top ?

2528 ?

Que Sera
Quoting profits7
___________________ = {image}
Bullish cup and handle on the daily? If so long to 2585. Looking for retest above the rim
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Don't compare your trades to others. Most often the masses are the asses
Quoting Thtpro
{quote} Doesn't always work though - I used to enter them religiously and then I got taught a lesson by Mr Market- but mostly they do I just wait for the break through and see if there's a retest, if a retest, its going higher I've seen 5 attempts too!
Happens yeah... especially in a ranging market.
Quoting OBsayMkMoney
Bullish cup and handle on the daily? If so long to 2585. Looking for retest above the rim {image}
IMO.. heavy short will start today or Monday.
2491/2 is the top for now.

but i dont recommend of selling.
im out, waiting sideline.
Resistance at:
2508.77
2520.07
D1 overbought 2524
We are touching H4 overbought, so it is going to creep up very...slowly.
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Quoting Whale
{quote} IMO.. heavy short will start today or Monday. 2491/2 is the top for now. but i dont recommend of selling. im out, waiting sideline.
still hoping for 2200 numbers
Quoting Whale
{quote} IMO.. heavy short will start today or Monday. 2491/2 is the top for now. but i dont recommend of selling. im out, waiting sideline.
Closed my two longs from 2447 and 2432...@90 ...expecting higher prices still, but Michigan numbers can bring further volatility and I'm not willing to stay on fire over weekend...next week looking for 2523/40/70...happy weekend to all of you
Quoting pedro319
Resistance at: 2508.77 2520.07 D1 overbought 2524 We are touching H4 overbought, so it is going to creep up very...slowly.
overbought?

there is no such thing.
Quoting Scalper-N
{quote} still hoping for 2200 numbers
oh.. im not looking so far. First target is yesterday low minimum
Quoting Whale
{quote} overbought? there is no such thing.
This time I am going to let you talk to yourself...

Quoting pedro319
Resistance at: 2508.77 2520.07 D1 overbought 2524 We are touching H4 overbought, so it is going to creep up very...slowly.
Reaction to overbought H4
We should continue pressing higher.
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Quoting Whale
{quote} Theo tôi.. lệnh bán khống lớn sẽ bắt đầu vào hôm nay hoặc thứ Hai. 2491/2 là mức cao nhất hiện tại. nhưng tôi không khuyên nên bán. Tôi đứng ngoài, chờ đợi.
According to my analysis, in the next 2 hours, DXY will recover and increase again and become a barrier for gold to continue to increase.
Quoting Silver-King
{quote} Happens yeah... especially in a ranging market.
Straight through
THT
I do not think that we will see 2506+ because there is no reason for the price to go there.

Ask yourself this: if it goes to 2506 and then Iran does someting retarded, where the F will the price go? There won't be room for it to go up...

So, no, I think this was the top...
Quoting Thtpro
When markets move up at this ANGLE of steepness You can just buy the swing high pivot breakouts and retraces back to prev swing high Ultra simple {image} Break of the 10SMA = something larger is happening - might be a reversal, might be a sideways continuation pausing correction You can make a living just trading this method from 5 minute charts Remember to trade in 2-3 units
Those trailing units need to be trailed close to the market now - LET THE MARKET take you out - don't just sell because its gone too high, there's no such term as too high - LET THE MARKET stop you out
THT
Quoting Catempire
Now… the question is… do we keep going up & up & up taking out fresh shorts on the way as others open trying to catch the top ? 2528 ?
Thought for fun when all time high breached, if I was bulls, I would make bears to believe in they are on for selling top
Quoting HalikiqeoVN
{quote} Gold is looking for ways to return to 2500. But be careful it can quickly return to 2425
Exactly waiting for return
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