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  • #43,601
  • Sep 20, 2024 3:15am Sep 20, 2024 3:15am
Quoting Naush
{quote} Hey Pedro, a question here, so on smaller TF I see dxy with some very solid upwards momentum, however gold is barely responding to that, I understand the global tensions and everything but does that mean that golf is recoiling for a big push down or that it is not affected and as soon as dxy looses some steam, gold is gonna push back up. Please note this question is for smaller TF like around 15 min to 5 min
With the war hysteria forget the dxy to trade Gold.
Even if just technical Gold pullback is very likely
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  • #43,602
  • Sep 20, 2024 3:15am Sep 20, 2024 3:15am
Quoting Silver-King
{quote} Yeah... especially 2530$ which will have to be retested. Price can only go so far and for so long until it has to return to retest the ex main Resistance.
It can take long but if its sharp then who cares where it is going to end! We'll see again.
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  • #43,603
  • Sep 20, 2024 3:15am Sep 20, 2024 3:15am
Quoting Naush
{quote} Another noob question, Bloomberg predicts gold going to much much higher heights like around 2630-2640 later in the day. How reliable is that?
If Bloomberg says the Gold is going to 2630$, then I'd expect the Gold to fall to 5$. That's how reliable main stream media is.
  • #43,604
  • Sep 20, 2024 3:16am Sep 20, 2024 3:16am
Quoting Naush
{quote} Another noob question, Bloomberg predicts gold going to much much higher heights like around 2630-2640 later in the day. How reliable is that?
The technicals are there, 2636 is Monthly AB=CD target.
I still believe we should retrace first.
We watch the charts from every angle so you don't have to!!
  • #43,605
  • Sep 20, 2024 3:17am Sep 20, 2024 3:17am
Quoting pedro319
{quote} With the war hysteria forget the dxy to trade Gold. Even if just technical Gold pullback is very likely
Basically, when the yields start to spike that is probably when everything will take a hit across the market.

When that will happen noone knows.
  • #43,606
  • Sep 20, 2024 3:19am Sep 20, 2024 3:19am
Quoting Silver-King
{quote} Basically, when the yields start to spike that is probably when everything will take a hit across the market. When that will happen noone knows.
We don't know exactly but it seems to be getting closer.
We watch the charts from every angle so you don't have to!!
  • #43,607
  • Sep 20, 2024 3:19am Sep 20, 2024 3:19am
The charts are completely Bullish on the Gold. I don't even have a M15 suggesting a Short for now, let alone higher time frames. I wouldn't start Shorting until M15 starts showing some signs at least.
That's my opinion only of course.
  • #43,608
  • Sep 20, 2024 3:19am Sep 20, 2024 3:19am
Quoting pedro319
{quote} We don't know exactly but it seems to be getting closer.
Indeed.
  • #43,609
  • Sep 20, 2024 3:20am Sep 20, 2024 3:20am
Quoting pedro319
{quote} The technicals are there, 2636 is Monthly AB=CD target. I still believe we should retrace first.
What would be a safe retracement TP in your opinion
  • #43,610
  • Sep 20, 2024 3:24am Sep 20, 2024 3:24am
M15 looks bullish.

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Its all just one persons opinion
  • #43,611
  • Sep 20, 2024 3:24am Sep 20, 2024 3:24am
Quoting Naush
{quote} What would be a safe retracement TP in your opinion
Smaller tf 2596, higher tf 2530
We watch the charts from every angle so you don't have to!!
  • #43,612
  • Sep 20, 2024 3:25am Sep 20, 2024 3:25am
Gold/Silver Ratio is looking "Bearish" which would usually mean that the Silver has started to outpace the Gold. Usually, this is the case when both Gold and Silver are going up, but Silver is going up faster.
  • #43,613
  • Sep 20, 2024 3:32am Sep 20, 2024 3:32am
Quoting Silver-King
{quote} Vâng... đặc biệt là 2530$ sẽ phải được kiểm tra lại. Giá chỉ có thể đi xa đến một mức nào đó và trong một thời gian nhất định cho đến khi nó phải quay trở lại để kiểm tra lại mức kháng cự chính cũ.
I think so too, the price needs to be around 2530
I still think the next 2 H4 candles can create a new peak but it is difficult to pass 2633. Waiting 4-8 hours to short sell is probably better for today.
Being impatient at this time means wanting to increase quickly or decrease too quickly compared to technical expectations. The daily frame is solid for the buyers and if gold goes down, it will not go down quickly.
Maybe both buyers and sellers will profit or vice versa, both buyers and sellers will lose.
It depends on disciplined trading.
  • #43,614
  • Sep 20, 2024 3:34am Sep 20, 2024 3:34am
Quoting HalikiqeoVN
{quote} I think so too, the price needs to be around 2530 I still think the next 2 H4 candles can create a new peak but it is difficult to pass 2633. Waiting 4-8 hours to short sell is probably better for today. Being impatient at this time means wanting to increase quickly or decrease too quickly compared to technical expectations. The daily frame is solid for the buyers and if gold goes down, it will not go down quickly. Maybe both buyers and sellers will profit or vice versa, both buyers and sellers will lose. It depends on disciplined trading....
We're also not considering the fact that the Fed is behind us and the only impactful news is US selections which is in November. Perhaps the price will start Ranging between the two prices. We could be in a 100$ range for some time now 2630$ - 2530$. We'll see...
  • #43,615
  • Sep 20, 2024 3:37am Sep 20, 2024 3:37am
Quoting Pranjal
{quote} 2600 is not far now. Some people called my tp exaggerated . This is last 5th wave. Where is that hanzohas guy.
2600 is done. I am no more bullish on gold. We are near the top for this year. 2620-2630 will mark the end of this 5th wave. Then we will have a healthy correction. 2300-2350. Maybe. Have a great day
  • #43,616
  • Sep 20, 2024 3:38am Sep 20, 2024 3:38am
For weeks now, the only session in which the PMs tend to be sold is US session (NYO - NYC).
  • #43,617
  • Sep 20, 2024 3:40am Sep 20, 2024 3:40am
The situation is maybe too dangerous and they push this to the next level 2700
  • #43,618
  • Sep 20, 2024 3:41am Sep 20, 2024 3:41am
Quoting Pranjal
{quote} 2600 is done. I am no more bullish on gold. We are near the top for this year. 2620-2630 will mark the end of this 5th wave. Then we will have a healthy correction. 2300-2350. Maybe. Have a great day
For the Gold to drop 300$, it'll take something major to happen.
Some peace agreement or whatever... or the banks will start failing which will lead to a drop across the markets. Banks will have to start selling their Gold reserves to get liquidity ($) I believe. I might just be talking complete nonsense...
  • #43,619
  • Sep 20, 2024 3:42am Sep 20, 2024 3:42am
Quoting Eren10
The situation is maybe too dangerous and they push this to the next level 2700
We're one news away from 2530$ or 2700$.
  • #43,620
  • Sep 20, 2024 3:44am Sep 20, 2024 3:44am
Maybe 2630.

H1

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Its all just one persons opinion
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