gold - 15min {image}
- #48,028
- Oct 22, 2024 4:47am Oct 22, 2024 4:47am
- Joined Mar 2021 | Status: Trader | 2,976 Posts
Dear powerful God of Forex, please listen to the prayers of bear and seller traders and fulfill their wishes. We promise to make a proper sacrifice when there is a significant drop in price.--------------------------------------- add Short at : 2331 Sl : 2337 Tp : Open
Rich with a currency that has lost about 30% of is value in 10 months that is.
- #48,032
- Edited 8:15am Oct 22, 2024 5:03am | Edited 8:15am
- Joined Jun 2020 | Status: NY flip project. Probability games | 3,521 Posts
Tokyo Open with lots of dramas. Price will move upward and downward aggressively based on analogy. Daily is still under correction and still hanging with LONG TAIL DOJI without any confirmation. For a technical basis, long tail doji one of CRS (Candle reversal signal) also seems like a decoy candle for today's movement. Lots of manipulations between buyer and seller. Just beware. Waiting for the London Open for confirmation. To become a seller, prices need liquidity pools (large pools of orders) at premium zones. For now, buyers are already onsite....
Buyers still control the situation
. Prices can go unpredictable with a minimum or above 2740 for manipulations. Long tail doji seems decoy for today's movement. 
Waiting is painful when you are a SELLER
Maybe waiting for New York Open. Seems interesting for both warriors either BUYER OR SELLER. Trade safe#SnR are personal views unknown and subjective
Look right, we'll see the signs
- #48,033
- Oct 22, 2024 5:05am Oct 22, 2024 5:05am
Russia, China and their axis allies can't fight the mightyby its local currencies, so trying to do that by buying more and more Gold, besides BTC, but hear the news, even if Gold and BTC keep the strength vs $, but that won't affect $ keeping its safe heaven status and strength vs all other currencies. Nobody will go buy rubles, yuan, iran toman or that axis currencies instead of the $. And increasing price of BTC and Gold is also affecting all other currencies and won't make the lives of russian, chinese, iranian..etc citizens better,...
It seem just that not simple, if they think buy Gold only can overthrown the $. I'm more familiar with $ is the reserve currency, since US is the biggest economy and everyone want to trade with them. But what happen when the economy is slowing down, demand shrinking and $ become so expensive? Naturally people will try to buy goods that cheaper, and where that you can buy the cheapest with nearly the same as US goods, the whole copy cat industry of China. When the demand of US goods decrease so the role as reserve currency. With that, BRICS just have to continue buy a lot of gold, BTC,....and use its term in $ and buy back more US bonds. And in order to make this plan works, BRICS would love to see US debts, budget deficit enlarge.
- #48,034
- Oct 22, 2024 5:07am Oct 22, 2024 5:07am
Dear powerful God of Forex, please listen to the prayers of bear and seller traders and fulfill their wishes. We promise to make a proper sacrifice when there is a significant drop in price.
Desire is a set of possibilities And reluctance - a lot of reasons ....
- #48,039
- Oct 22, 2024 5:25am Oct 22, 2024 5:25am
- Joined Dec 2020 | Status: Trader | 1,673 Posts
Market Structure is the King.....