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Gold

Quoting Interesting0
{quote} right now personally do nothing just had a decent correction not sure if it’s going more, dx got rejected at top so unsure. 50:50 if I was to gamble then inclined to buy with short term trend for short term, medium term is down but long term is not fully broken could go back up… daily upward channel support bounce.
I agree. Assess.
I also agree that even this big down move can be recovered. Depends on $ strength
Daily or Higher Timeframe Trading | Forex Factory
If you think you can or cannot do it you are correct
My expectation as we've got CPI and inflation (Trump related and otherwise) is the main thing that's got the market spooked. The market will likely push towards midrange (Up) probably towards the major selling zone...I'm not convinced that a cool CPI report would really push up gold prices, I think the rally has run and the concern is about next year, so unless something happens that really stokes some geopol concerns...we are where we are.
A sell is good but not now, i rather wait for a fat retrace to maybe 2630-2650 then shorting it to oblivion but knowing me i will probably pull the trigger too early.
Quoting shay14
A sell is good but not now, i rather wait for a fat retrace to maybe 2630-2650 then shorting it to oblivion but knowing me i will probably pull the trigger too early.
Haha you definitely don’t wnna be on the wrong side when that happens

Even if it retraces to 2630-2650, there’s every chance that the retracement might even go higher than that price range.

Be very careful. Gold is brutal
Swap long on gold just got ridiculous. I got charged 400usd on 1 lot and its not wednesday.
h4 : retest and down
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vankiepsauff
Quoting michiyo
Swap long on gold just got ridiculous. I got charged 400usd on 1 lot and its not wednesday.
why don't you use swap free broaker?
Why did 15 minute MacD chart on gold make a shape like that
Quoting Nick4forex
{quote} why don't you use swap free broaker?
My friend, there's no such thing as swap free. They change the name to "admin/operating fees" but they still charge you the same amount of money for holding a position overnight
I make my own luck.
Quoting Nordling
{quote} My friend, there's no such thing as swap free. They change the name to "admin/operating fees" but they still charge you the same amount of money for holding a position overnight
Zero spread broker takes the same amount via commission
Quoting Nordling
{quote} My friend, there's no such thing as swap free. They change the name to "admin/operating fees" but they still charge you the same amount of money for holding a position overnight
I'm not paying anything to my broker except spread.
(OCTAfx)
Quoting Nick4forex
{quote} I'm not paying anything to my broker except spread. (OCTAfx)
Interesting
I make my own luck.
Quoting Nordling
{quote} My friend, there's no such thing as swap free. They change the name to "admin/operating fees" but they still charge you the same amount of money for holding a position overnight
It depends. If your country under Muslim it will be swap free from broker.
Quoting Ksth
{quote} It depends. If your country under Muslim it will be swap free from broker.
Indeed.
Example: https://fbs.eu/en/trading/swapfree
In other news: the earth is flat. Aliens built the pyramids. And god exists
Retesting last month low 2604.
Extension can be 2592.
Bounce likely possible from here
BRUTAL GOLD
average dude treading water
To calculate the swap on 1 lot of gold (XAU/USD) for today, you can use the formula:
Swap Amount = Lot Size x Swap Rate x Pip Value
For example, assuming the swap rate is -2.96 for a long position and +0.51 for a short position on 1 lot of gold, with a pip value of around $1 (standard in forex):
1. For a long (buy) position:
Swap = 1 x -2.96 x 1 = -$2.96 per night

2. For a short (sell) position:
Swap = 1 x 0.51 x 1 = +$0.51 per night
This means if you hold a long position, you’d pay about $2.96 overnight, while a short position would earn about $0.51. These rates can vary by broker and market conditions, so it’s a good idea to verify with your broker’s swap calculator for precise results.
Complete Victory Is Near!!!
AI All Time Pips: 2,639
Quoting michiyo
Swap long on gold just got ridiculous. I got charged 400usd on 1 lot and its not wednesday.
Either you are lying or either your broker is looting you.


To calculate the swap on 1 lot of gold (XAU/USD) for today, you can use the formula:

Swap Amount = Lot Size x Swap Rate x Pip Value

For example, assuming the swap rate is -2.96 for a long position and +0.51 for a short position on 1 lot of gold, with a pip value of around $1 (standard in forex):

1. For a long (buy) position:
Swap = 1 x -2.96 x 1 = -$2.96 per night


2. For a short (sell) position:
Swap = 1 x 0.51 x 1 = +$0.51 per night



This means if you hold a long position, you’d pay about $2.96 overnight, while a short position would earn about $0.51. These rates can vary by broker and market conditions, so it’s a good idea to verify with your broker’s swap calculator for pr
ecise results.
Complete Victory Is Near!!!
AI All Time Pips: 2,639
The thread has become so peaceful today. I wonder how many have took longs ~2600? hope they're right or we might see 2580~2570 next. The end of the year is coming and those round numbers seems to be less important. Today has no major datas, just some bankers speaking. If there's should be any meaningful bullish movement, I might have to wait after CPI.
Today's trading on a demo account - I know it is meaningless, but it makes you feel good!!!

It is 10AM here...

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