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- giveachance replied 20 hr ago
this is all dollar selling which has translated to gold gains. uj is yet to fall. so if it starts falling I wonder what will happen. there are two possibilities now. break of 2400 will lead to heavy selling as profit booking will happen thinking ...
- giveachance replied May 16, 2024
no I mean 2376 and below opens a shorting opportunity but I would be careful now. it all depends on what the dollar does in the near term
- giveachance replied May 15, 2024
as expected inline data and market takes a breather. there is nothing much for this month to look at after today's data. gold will probably do 161.8% retracement to 2402. any break below 2376 will be sold
- giveachance replied May 15, 2024
today if the data is inline markets will take a breather.. if CPI is below estimates gold will rally and if above we can go sub 2320. if its inline we will stay in a range
- giveachance replied May 14, 2024
and where did I say technical's dont matter. I said tariff news overpower any technicals today.
- giveachance replied May 14, 2024
technicals dont matter in past 2 hrs. it is all sentiment based. gold was clearly heading down and can do us again once markets assesses the impact
- giveachance replied May 14, 2024
most of you must be wondering why gold suddenly is going up. it is because of the tariff news which will overshadow any other news for the day. the tariffs are very heavy and china will retaliate. url
- giveachance replied May 13, 2024
so buy on dips now or we still have the top in at 2378. it is only down 1.5% from the top
- giveachance replied May 12, 2024
gold will not rise on rate cuts. it will only react to war news and economy news going forward. good economy gold rallies. bad economy gold falls
- giveachance replied May 10, 2024
anyone here who is calling 2375 as medium term top for gold. I know today's high was 2378 but in that range 2375-2378 My thoughts on today's action: Gold fell after the weak US data and as more weak data comes from US it is going to fall. today's ...
- giveachance replied May 10, 2024
yes you are correct but its unlikely ppl have bought in huge quantities.
- giveachance replied May 9, 2024
so gold has rallied 53 dollars this week in absence of war and inflation news. no rate cut news as well. it will be difficult to keep gold down. gold has to spend more time below 2332 to be more bearish. at the moment no signs of bears. silver same ...
- giveachance replied May 9, 2024
[quote=Markyboi;14861010] first lets hit 2305 and clear last week's closing on the downside which was 2301
- giveachance commented May 8, 2024
if u continue your dovish talks u will be soon be fired. I am more worried abt that once ur master Kishida loses the elections handsomely
- giveachance replied May 8, 2024
it appears that market was looking for an intervention from BOJ and the dollar sold off slightly and gold and silver rallied. as the day passes if markets dont see any move from BOJ expect gold and silver to correct
- giveachance replied May 6, 2024
today's move cannot be trusted till US joins the party. otherwise its a low liquidity move and US will either continue or clear this whole move either 2332 is the next level for today or we have topped for the day and will likely test 2300
- giveachance replied May 5, 2024
not sure what caused this rise in gold around 1 am GMT. the Hamas news was out before the markets opened for gold. Hellen seems to have put a bottom in uj. without her useless talk which was not needed uj would have continued to fall. its about time ...
- giveachance replied May 2, 2024
gold still stuck in the 40 dollar band before and after FOMC. today's reversal from top says something. bears are there on every rise. I am expecting this band to hold till NFP but after that picture will be more clear. 2242 and below or 2360 after ...
- giveachance replied May 1, 2024
being busy lately. have been posting less in this channel since a week now. nothing has changed fundamentally. there are no signs of war. till Powell 2301 and 2279 are the levels to watch. upcoming data might test any of the two levels but the level ...
- giveachance replied Apr 30, 2024
a long in this 2290-2300 is just a counter trend long. it can still test 2279 and 2263 before NFP.