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  • #62,641
  • Feb 3, 2025 12:34am Feb 3, 2025 12:34am
Typical..
  • #62,642
  • Feb 3, 2025 12:39am Feb 3, 2025 12:39am
Are we looking for sell
  • #62,643
  • Feb 3, 2025 12:53am Feb 3, 2025 12:53am
Quoting MIKKI
{quote} It doesn't just taste support once to test it a couple of times
Just Maybe.
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  • #62,644
  • Feb 3, 2025 1:26am Feb 3, 2025 1:26am
Quoting 10pipwarrior
{quote} AUD would also have to devalue its currency to stay competitive, since we import more than we export, even though we are one of the largest metals/explorer/miners/resources. we have also sold out a lot of our country. so devalue our dollar, to stay competitive, but since exporting resource is our only trade these days, we would like a lower aus dollar to export better. however we will have higher import costs, but countries who export to Australia will benefit from this. for USD - weaker dollar causes anything in dollars to be expensive....
You sound like a kid just come out from school, knowing a book is made of papers. Don't worry, you can still improve overtime.

Theoretically, you not wrong. But in reality, nothing can simply imply from A to B then to C.
For example: what is the point for US to reduce import? What would become of Trump's tariffs policies? Why he want to raise tariffs? What specific goods that he's aiming to raise tariffs? Are they really want to devalue their currency just to support export?
Any country will want to import less and export more, but actually they can only balance it. What is 'weak' USD or you would like 'less expensive' USD more? What about USD as a reserve currency? Why people want to own USD? ......and there're many questions to study more.
To remind you, Trump's never said he wants to import less, the only thing he wants to not import is illegal immigrants. He never said he wants to devalue USD, he wants lower rates and maintain USD power as a reserve currency.
  • #62,645
  • Feb 3, 2025 1:48am Feb 3, 2025 1:48am
Quoting Bakker
High guys, are we going to see another run towards 3000! Turning up from 61.8 Fib {image} The start to the day is very strong according to volumes
Thank you Lord for another 1000p!!
  • #62,646
  • Feb 3, 2025 1:52am Feb 3, 2025 1:52am
Quoting Ihtisham7
Are we looking for sell
Yes IMO
  • #62,647
  • Feb 3, 2025 1:53am Feb 3, 2025 1:53am
Quoting PushnPull
{quote} You sound like a kid just come out from school, knowing a book is made of papers. Don't worry, you can still improve overtime. Theoretically, you not wrong. But in reality, nothing can simply imply from A to B then to C. For example: what is the point for US to reduce import? What would become of Trump's tariffs policies? Why he want to raise tariffs? What specific goods that he's aiming to raise tariffs? Are they really want to devalue their currency just to support export? Any country will want to import less and export more, but actually...
And you sound like a teacher from that same school who thinks (s)he invented lukewarm water.
In other news: the earth is flat. Aliens built the pyramids. And god exists
  • #62,648
  • Feb 3, 2025 1:59am Feb 3, 2025 1:59am
Quoting d1zzy
{quote} Yes IMO
Count me in too.
In other news: the earth is flat. Aliens built the pyramids. And god exists
  • #62,649
  • Feb 3, 2025 2:00am Feb 3, 2025 2:00am
Quoting Whale
Typical..
Sells aren't valid yet, POI 2806 flpzn
  • #62,650
  • Feb 3, 2025 2:04am Feb 3, 2025 2:04am
Quoting Lloyd628
{quote} And you sound like a teacher from that same school who thinks (s)he invented lukewarm water.
Yes, I agree with you.
I don't deny when i'm telling somebody to shut up nonsense and get lost.
  • #62,651
  • Feb 3, 2025 2:07am Feb 3, 2025 2:07am
Quoting PushnPull
{quote} You sound like a kid just come out from school, knowing a book is made of papers. Don't worry, you can still improve overtime. Theoretically, you not wrong. But in reality, nothing can simply imply from A to B then to C. For example: what is the point for US to reduce import? What would become of Trump's tariffs policies? Why he want to raise tariffs? What specific goods that he's aiming to raise tariffs? Are they really want to devalue their currency just to support export? Any country will want to import less and export more, but actually...
Reduce imports = lower the amount of USD leaving the country and control printing money, one of the reasons why they were on the brink of recession, fed had to print more and raise rates to manage expectations from political agendas (loads of USD has gone out already)
Raise tariffs = do some research on his mentioned specific products, especially from China. He wants to drill for oil as well bring up reserves literally one of the first things he said, higher tariffs again to stop USA sending money outside country and encourage more local production (there's a much bigger picture here), look at manufacturing PMI its been contracting instead of expanding for ages now
An expensive USD is a better scenario in the financial world across the boards in terms of fx, stocks and such, last years tech surge has outshined the dollar he wants to bring value and the safe haven appeal back. People want more USD for this exact same reason, we all saw what happened when Deepseek came out - clearly tech industry is not able to sustain itself on the long term compared to something like the dollar appeal.

I think you need to study a bit more yourself on how fundies work, how the dollar has a safe haven appeal, how prices moved last year when the war broke out. BOJ raising rates, the ripple effect it had on markets overnight. What the fed have been doing and why they've been doing it. Why the labor market is so crucial, why has inflation has stalled now, why disinflation is worse than inflation itself

Higher interest rates on the dollar lower the appeal for foreign investors, he wants to bring down interest rates and raise liquidity on the dxy at the same time, realize that fundamentals are just opinions/perceptions - there's no right or wrong way to understand them, what matters is how it reflects on the charts from technical aspect
  • #62,652
  • Feb 3, 2025 2:08am Feb 3, 2025 2:08am
Quoting Bakker
High guys, are we going to see another run towards 3000! Turning up from 61.8 Fib {image} The start to the day is very strong according to volumes
No chance at all
  • #62,653
  • Feb 3, 2025 2:10am Feb 3, 2025 2:10am
London fakeout is done, back down we go, no chance of ATH being broken what with the current trade war and tariffs everywhere
  • #62,654
  • Feb 3, 2025 2:10am Feb 3, 2025 2:10am
Quoting Commodities
{quote} No chance at all
There is a possibility, i'd wait for todays daily close before throwing around absolutes. 4H looks pretty bullish even though fundies points gold towards down south what matters is whats on the chart
  • #62,655
  • Feb 3, 2025 2:19am Feb 3, 2025 2:19am
Quoting Commodities
{quote} No chance at all
Who said no chance. It may take longer time to hit there.
Year 2024 already break many ATH. Year 2025 end Jan already break 2800 .

Even some experts analysis forecast gold may hit 6K.
  • #62,656
  • Feb 3, 2025 2:20am Feb 3, 2025 2:20am
It is still looking bullish. Looking forward to 3k. we might reach that this year or somewhere around Q4
  • #62,657
  • Feb 3, 2025 2:44am Feb 3, 2025 2:44am
Chart I drew up on Friday
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Chart today. If we see the current 4h candle flip I would expect a push to 2812
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  • #62,658
  • Feb 3, 2025 2:45am Feb 3, 2025 2:45am
Be ready for another ride.

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  • #62,659
  • Feb 3, 2025 2:56am Feb 3, 2025 2:56am
Quoting d1zzy
{quote} Reduce imports = lower the amount of USD leaving the country and control printing money, one of the reasons why they were on the brink of recession, fed had to print more and raise rates to manage expectations from political agendas (loads of USD has gone out already) Raise tariffs = do some research on his mentioned specific products, especially from China. He wants to drill for oil as well bring up reserves literally one of the first things he said, higher tariffs again to stop USA sending money outside country and encourage more local...
I must say disagree
First "reduce imports". You said it was to lower the amount USD leaving the country. That is nonsense, because if US paid less dollars to the export countries, then how can they get the money, the dollars, to import back the goods that US exports?? Isn't that lower US exports also?
Second, tariffs is a tool, an income source of government. They can't easily raise taxes, or risk printing money to have another hyper inflation again. So it has to be tariffs. IS US government really want to bankrupt itself by raise tariffs from others and reduce imports at the same time? You can only put tariffs on import goods, specifically one that you dont need much, like oil. That's why they want to expand US's production of oil so they have cheap one inside the country without risk of inflation
  • #62,660
  • Feb 3, 2025 2:56am Feb 3, 2025 2:56am
Quoting Xauusdscalpr
Chart I drew up on Friday {image} Chart today. If we see the current 4h candle flip I would expect a push to 2812 {image}
So far so good, if we see the daily candle flip now (yes I know its above fridays close but because of the gap up I don't consider this a flip, it needs to be above the asia open price)
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