Gold bears are still holding on for hike rate reasons.
For me personally anything above 1740 is a buy the weekly seems bearish mixed.
10$ risk
1751/1754 will be a confirmation zone
MN the trends Bullish
If we still have inflation problems gold will turn again to a safe haven & it will be the fuel we looking for to see 2000 after a break of 1845/1800.
We saw how the war shot it up just to fall hard which was a planned economic move on price, the same with the assassin move on Iran guy which made oil tank but super rocket after investors grew pessimistic leaving many in losses and companies pulling out of investment while government buys everything at a low to make them have big funds to boast debt funda they created to pay em back or have some Share in it . Even Bitcoin had its own manipulation. All I know is our bets are like a guppy in a whale tank. So I will follow market and candlestick formations than any other news they feed to us.
As always retailers are always following this but don't take note of how the economies are doing or how price from the market is telling a story. They still do what they've been taught and follow that. I don't have much against it but it's the reason why the loser gap is so high.
Again this is just me not liking what they teach us as that's the basics we don't need to know. We should just take the bits and form our own edge of doing things coz the market keeps changing. All you need to do is know the performance of the economy and what banks are up to to have an idea. Take out important MN zones and trade off that what you see as the market at the end has no momentum if we don't involve ourselves in it
1600/1680/1550 below will open 1111/ 1300/1500
I do see that as a possible move but the double should be considered with a string usd tight hikes and balanced inflation.
As I always say every time inflation rises and we forget about it but gold doesn't
For me personally anything above 1740 is a buy the weekly seems bearish mixed.
10$ risk
1751/1754 will be a confirmation zone
MN the trends Bullish
If we still have inflation problems gold will turn again to a safe haven & it will be the fuel we looking for to see 2000 after a break of 1845/1800.
We saw how the war shot it up just to fall hard which was a planned economic move on price, the same with the assassin move on Iran guy which made oil tank but super rocket after investors grew pessimistic leaving many in losses and companies pulling out of investment while government buys everything at a low to make them have big funds to boast debt funda they created to pay em back or have some Share in it . Even Bitcoin had its own manipulation. All I know is our bets are like a guppy in a whale tank. So I will follow market and candlestick formations than any other news they feed to us.
As always retailers are always following this but don't take note of how the economies are doing or how price from the market is telling a story. They still do what they've been taught and follow that. I don't have much against it but it's the reason why the loser gap is so high.
Again this is just me not liking what they teach us as that's the basics we don't need to know. We should just take the bits and form our own edge of doing things coz the market keeps changing. All you need to do is know the performance of the economy and what banks are up to to have an idea. Take out important MN zones and trade off that what you see as the market at the end has no momentum if we don't involve ourselves in it
1600/1680/1550 below will open 1111/ 1300/1500
I do see that as a possible move but the double should be considered with a string usd tight hikes and balanced inflation.
As I always say every time inflation rises and we forget about it but gold doesn't
Trade active:
We up 100 points thank you FOMC
1 lot equal 100£
0.07lot =50+-
0.01= 7
1 lot equal 100£
0.07lot =50+-
0.01= 7
Comment:
GOlds is closed and bears trying their best to throw bulls of course.
Comment:
Haha 300+- pips we see buyers again at 1770 -1176buying
Related Ideas
Price choppy
GCGoldenCircle
about XAUUSD
Come on 1772