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- giveachance replied 15 hr ago
if we open below 2323 we may slide down to 2293 followed by 2276. on the flip side it has to close above 2358 to be bullish
- giveachance replied May 31, 2024
it depends on the dollar what gold does further. initial reaction is done. further 10 pips up or 20 pips down depends on uj crossing 157 or 156.50
- giveachance replied May 31, 2024
exactly what I said. now wait till 2370 to get into short again. chances are if the dollar selling accelerates we can run into stops above 2370
- giveachance replied May 31, 2024
yes every chance it may spike to 1.09. market is waiting for this report since 2 weeks
- giveachance replied May 31, 2024
why wont they? they trade heavily in commodities. issue is nobody knows whether the fed is going to cut by sept or dec. is it going to be 1 or 2 rate cuts. so far the economic data is good for first 5 months of the year. fed looks at the PCE ...
- giveachance replied May 30, 2024
2344 is taken out by this print. I will watch here and if we dont take out 2350 sell is inevitable
- giveachance replied May 30, 2024
a higher print than expected will bring gold down. the likely hood of gold rallying in event of a bad number is moderate
- giveachance replied May 30, 2024
2332-2323-2293 on the downside 2336-2344-2360 on the upside. levels are clear
- giveachance replied May 28, 2024
it is clearly struggling now and a test of 1.0844 is on the cards if it breaks that 1.08 followed by 1.077x is possible
- giveachance replied May 28, 2024
dont worry about me. I have seen gold do rallies like this multiple times and it falls with the same pace. my positions are manageable and I never said gold will fall 100 or 200 dollars like you are saying. I knew once gold crosses 2150 it is ...
- giveachance replied May 28, 2024
the demand for US paper is waning from foreign players. 10yr yields have suddenly spiked. its end of may almost and we have not seen much selling so far which is a bit odd for months like May
- giveachance replied May 28, 2024
you are asking people to join your telegram channel. so u should be a commercial member and not allowed to post here. its not abt arguments. if u are telling me for every man murdered in this world gold will go up. that is not happening. right now ...
- giveachance replied May 28, 2024
exactly similar to mine.
- giveachance replied May 28, 2024
1.0894 seems to be a road block though. 1.0845 is pivot. I wouldn't short here. below the pivot and also wait for crosses to turn
- giveachance replied May 28, 2024
i think what you meant is nowdays ranges are very compact in london session. actually the whole demand nowadays is coming from two players: russia and china. so left hand rule says if China does not prop up gold in asian session most likely gold is ...
- giveachance replied May 27, 2024
no Israel nothing to do with this. it is mostly low liquidity flush of shorts and also its only up 23 dollars which is not a big deal. silver meanwhile has done 1 dollar move
- giveachance replied May 27, 2024
2370 is where it may run into. 2352 and below is good enough rejection for starting shorts
- giveachance replied May 27, 2024
I said in the morning take today's action with a pinch of salt. all the big boys are missing today. we will have a proper market tomorrow and tomorrow onwards till friday they will also start hedging their books since it is month end closing. so ...
- giveachance replied May 27, 2024
in all probabilities 1.0765 may be opened up if we start trending below 1.082x
- giveachance replied May 27, 2024
that is a sudden fall. for now 1.0844 is holding but I dont have much hopes