Not understand?better not follow my analyses!doubt clearer first, risks ++
- #59,441
- Jan 12, 2025 6:29am Jan 12, 2025 6:29am
- Joined Mar 2008 | Status: Name real with real own way | 23,413 Posts
- #59,444
- Jan 12, 2025 8:23am Jan 12, 2025 8:23am
- Joined Nov 2024 | Status: Trader | 5,251 Posts
For people last week come here with sarcasm teeling that we were going to the moon, this week after all it is not in a straight line...
And worst fall!
There are no bearish patterns at the moment, it can happen, but there aren't!
And yes we are in a suplly area, already talk about 2720 area but could be expand to 2723.
But for that i do not want to see a rejection on daily of 2711.
Open your charts and then talk.
Despite friday reject on the close a sensitive price doesn't mean nothing without daily confirmation.
And worst fall!There are no bearish patterns at the moment, it can happen, but there aren't!
And yes we are in a suplly area, already talk about 2720 area but could be expand to 2723.
But for that i do not want to see a rejection on daily of 2711.
Open your charts and then talk.
Despite friday reject on the close a sensitive price doesn't mean nothing without daily confirmation.
On Monday, gold will strengthen a little more to 2725-35
Then there will be a tactical retreat to the area ~ $2645-2655 by the end of the week.
If support holds, it will rise again around January 21
Maybe the next upside target is $2780-2800
Then there will be a tactical retreat to the area ~ $2645-2655 by the end of the week.
If support holds, it will rise again around January 21
Maybe the next upside target is $2780-2800
Success is not final, failure is not fatal... - Winston Churchill
For people last week come here with sarcasm teeling that we were going to the moon, this week after all it is not in a straight line...
The warrior of good
- #59,452
- Jan 12, 2025 10:24am Jan 12, 2025 10:24am
- | Additional Username | Joined Nov 2024 | 165 Posts
{quote} well let's see if the manipulators can contain the price up to 114,000 with a massive DD. hats off then.
Stay Under my dealer's RADAR
- #59,456
- Jan 12, 2025 11:18am Jan 12, 2025 11:18am
- Temporarily Suspended | Joined Jul 2021 | 3,677 Posts
Gold has recently broken out of a significant consolidation phase, retesting key levels at 2615 and 2664, which previously acted as potential correction zones. Strong NFP numbers, rising yields, and weak consumer sentiment have positioned gold to challenge the critical 2720 level. This level has faced strong rejection three times. A successful breakout and sustained hold above 2720 could open the path toward the final resistance zone at 2790.10, with the potential for new highs in the 2800 range. This week, with the upcoming releases of CPI, PPI,...
Even the equity risk premium(difference between10y rate And S&P500 Earning Yield is falling and turned into negative)
Which indicates possible correction is near for US500.
The inflation swap is currently above most analysts estimation. And inflation swap for Feb and Mar also on the rise
If inflation come out hotter, Gold may retrace on higher dollar. However, the retracement may be shortlived, as funds will leave risky assets fly into fixed income and safe haven.
Tomorrow we have CNY trade balance which shows the new buying of gold reverse per PBOC.
If 2727, is attacked, path of least resistance become to the upside, 2750 becomes the next liquidity resistance. After this liquidity level, 2900 is possible.
Even GOld COT showed that short sellers are reducing their exposure (large speculators position)
Bullish will validate if price attack 2727 high.
Untill then, based on high cpi and ppi, and last week setup, shorting becomes the favourable side.
Gold Daily
More time in the market, does not mean you trade better!
- #59,458
- Jan 12, 2025 11:45am Jan 12, 2025 11:45am
- | Additional Username | Joined Nov 2024 | 165 Posts
[quote=Fardeen1209;15113585]{quote} Hi, your view is eloquently put. Even the equity risk premium(difference between10y rate And S&P500 Earning Yield is falling and turned into negative) Which indicates possible cor
___________ tooooo much9 bla bla9 = u will stay Unemployed IMHO - - - show sumetin on a Real Genuine Live chart MF
___________ tooooo much9 bla bla9 = u will stay Unemployed IMHO - - - show sumetin on a Real Genuine Live chart MF
Stay Under my dealer's RADAR
- #59,459
- Jan 12, 2025 12:03pm Jan 12, 2025 12:03pm
{quote} Hi, your view is eloquently put. Even the equity risk premium(difference between10y rate And S&P500 Earning Yield is falling and turned into negative) Which indicates possible cor ___________ tooooo much9 bla bla9 = u will stay Unemployed IMHO - - - show sumetin on a Real Genuine Live chart MF {image}[/quote]
what happend to your trade explorer bro?
{image}[/quote]what happend to your trade explorer bro?
{quote} Hi, your view is eloquently put. Even the equity risk premium(difference between10y rate And S&P500 Earning Yield is falling and turned into negative) Which indicates possible cor ___________ tooooo much9 bla bla9 = u will stay Unemployed IMHO - - - show sumetin on a Real Genuine Live chart MF
The warrior of good