Gold

buy again
Tp 3405

close

Price jump from weekly pivot

because doesnt move the world money does.
im agine you want to buy electronics worth of milli9ns from china.
Does factories axcept or companies accept gold
And even if they dod how will you send them.
Gold is physical hwavy needs protection
But money is just s paper a number on a screen from you mobile you can do 100M transacrion and will get your bus8ness running.
That is the fact we have to live with.
Second thing after world war
AMERICA created world bank and IMF to help the damaged countries through dollar.
he was holding 66% of world gold reserve at the time by selling weapons to countrues not figgting just selling and taking thwir gold.
since it currencies were tied to gold standard.
that is how usd actually became the world reserve currency.
After that he needed more money and not enougg gold to back it up.
So 1971 predident nixon severed tiesxwith gold
Now the dollar ypu hold have no value just a trust im the system that it will not collapse.
But back to the topic.
Stronger currency is not good for economy and too weak currency also hurts the economy.
What trump wants is more dollar flooded in the system.
Imagine you earn 2% imterest yearly from the bank
But stocks or businesses gi es you 10%
If you are a smart you will move you momey to stocks or start a business or invest in a business and earn much more profit then just 2 or 4%
So more momey flooed in the system means more bus8ness more tax they will pay.
Its not actually a bad idea.
But the real provlem is it only works if ghe cluntrt is stable in lomg term.
We domt know the future
Bricks have been since 2014 just talks.
Because the SWIFT banking system iscthe most sofisticated system ever created.
We are traders in reality means we look for near fugure not after 10 years.
So in near future even after the rate cut.
Trust me usd will get stronger even after taking a dip.
Goldcis another stort.
Lok uesterday afrer powel speech eur pound went up 130 pips.
They are back.
And they may get strong for a while them back
In long term usd will be back it always does.
Even after 1970's it came back stronger.
But gold is another story now
It has its own value.
Cemtral banks like china, india ruusia,
Poland and many other asian countries also buy gold.
Just to be safe.
I do sometimes womder
Are we going back to the gold srandard?????
Who the hell knows.
But gold is very tricly you just see gold and usd index.
Dont you see what happwned with gold in 2023 palesrine israel war in few weeks 1800-2500
Soo many things impact gold
Imagine the biggest us treasury holder is japan if decided to dump the dollar amd start buyong gole it will hig 5k in few momths.
But the US influence is too much.
And it is using Dollar to dominate the world.
That is why most countires are going for reseeve in gold rather then usd.
Because it is not backed by gold or anything just the govt says itz woth that much and we believe it.
It is acrually a ponzi scheme at the hoggest level no one thinks about questioning it.
Soo many things i cant even write it will take me days
And i am not kidding
I can write a book about how almost egery single countrt manipulates its own currency to control the economy thateans the middle class sinxe it is 80% ofcworld population.
As isaid so many things.
Buy i hope it helps you understnad money better.
Ypu are here to make money so learn about money underdtand it.
Amd then you will make it.
I have done it.
Only by understanding how moneycworks and how go t use that as a toold to control the economy.
Your hard earned money is used againsr you to keep you stuck in a circle.
And hell it started bwfore any of us was even born.

Nice cleansing day
another day better to do nothing

Latest gold open interest volume showing low activity with ptz .gold sdz wc vsa ssr sz dbd rb nd ptz.please share your view too. Friends don't hesitate to ask any question.thanks

whats your language?????

well said man

if this was written last week I’d agree. However after Powells clear dovish comments and outlook last Friday I’m not sure about economic resilience

So Asia triggered my short and hit my SL then rejected at 3386, I will monitor and wait for another short entry.

Most probable entry at 3385 tight SL 3390 Target 3335.


What is your thoughts?

and now 130pips from 4hr qml

are you sure for going sell

It looks like price is being rejected already on the lower TFs so Yes


Entered at 3378 SL now moved to BE
Exit 3373

daily range by DeMark’s R1&S1
3370.85 - tested&broken already.., if price gonna be back in range(?)
3354.35 - tested as well

a few additional numbers
3365.53 - Open
3368.75 is a middle of daily right now

3388.26th - weekly chart, point of TL to break to confirm up move

happy trading

price went much below that target yesterday AS EXPECTED

my symbolic short is closed at 3355th.., TP i put lately, lucky escape
asia printed all missed PPs.., and

gonna be violent day today

?

Gold bull remain intact. , at a pullback now , may not support but in range up

Just got to my desk and saw the PA and entered, weak of me even though i got profit it was basically a gamble! A moment of weakness