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Gold

is it possible that even if the result in nfp news is bad... but still higher than the previous number it is consider as good for usd ?
Quoting SnakeDok
Looks like we're dumping a bit in preparation for NFP, this is getting interesting
Haha
Fed will probably cut by 50bps if NFP proves to be a disaster. That's my opinion. Also, Williams has a speech 15 minutes after NFP and Waller a little bit later (London close).
If H4 closes below 2498$, we're good to go for 2350$ and I'll Short every decent retracement.
Nice big fat lower wick on the H1 & H4 … gunna be a good move if we shoot up.

2568 / 2573 is the area I’m hoping for, will be closing 70% of all longs at that pos.

GL all.. may the force be with you
Que Sera
My prediction: Itīs going to be a dump. Look at all the liq points generated during the last couple of days. Donīt think price will significantly move before taking all that.. But hey, Pedro is the man.
This news might be negative for the dollar, we might get worser numbers like ADP, I’m bullish, bought 2516 Sl 2510
We are eating good tonight
Worse than expected and revised down. Alright... 2550$ first.
Shorts closed in time buys entered. take 10% now or hodl!
My MT5 app froze. To much people trading in that very first seconds apparently
for having buy at 2513, I declare that I'm happy today
Gold Price Channels
Quoting Eren10
My MT5 app froze. To much people trading in that very first seconds apparently
i got slipped so hard on the BE i had on one of my longs that it didn't register and when the price shot back up the positions was in profit ans still active XD
Thats when you know you're connected to your broker and not directly to the market ^^
Quoting GPChannels
for having buy at 2513, I declare that I'm happy today
Well said. And done.
In other news: the earth is flat. Aliens built the pyramids. And god exists
I don't know what Williams will say in 10 minutes, but he could add more fuel to the fire.
Knowing Waller... he'll definitely add more fuel to the fire and probably advocate for the bigger rate cut of 50bps in September.
Quoting ScalaFX
{quote} I hope you are wrong becouse I got some longs
closed all at 2524, now only watching
People don't plan to lose. They lose because they don't plan.
Quoting SnakeDok
What kind of NFP report are you guys expecting ? I'm personally expecting us to come out lower than expected following the succession of mediocre data recently. As a result a huge spike up for Gold with either a tap really high followed by a plummet and the long awaited retracement or a fresh high followed by a small correction and more upside
Looking at this move i'm expecting scenario #2 the spike and then small retracement + more upside imo
Given the numbers have improved on last month (Actual only 89k), even tho they are lower than the forecast, I think we will see a positive reaction on USA open but only short lived.
Que Sera
Quoting SnakeDok
{quote} Looking at this move i'm expecting scenario #2 the spike and then small retracement + more upside imo
Yeah. I don't think 2550$ is escaping from us today.

Actually, scratch that... something's fishy to me here. We didn't break above the Resistance on the Gold, again!
So data suggests a soft landing Strong dollar patience needed
average dude treading water
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