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- GK12 replied Apr 17, 2024
What a move before closing
- GK12 replied Apr 16, 2024
too early to comment on that, let’s see
- GK12 replied Apr 16, 2024
J Powell is clearly hawkish, we may see only one rate cut this year that too in September or December, or no rate cut at all, let’s see how gold reacts now.
- GK12 replied Apr 15, 2024
if a member is new to the forum that doesn’t mean he/she is new to trading as well, yes they can have different opinions and no body is here imposing anyone’s opinions on other. Trade safe, be safe, stay healthy
- GK12 replied Apr 15, 2024
A bounce can come may be upto 2350, but, yields are really high right now, so let’s see the charts.
- GK12 replied Apr 15, 2024
Today’s closing will be interesting and will provide more confirmation.
- GK12 replied Apr 15, 2024
They don’t want to listen
- GK12 replied Apr 14, 2024
There won’t be a counter strike, as it’s the Israel that went to UN to avoid escalating the issue.
- GK12 replied Apr 14, 2024
There is an on going war from October , the war which caused massive destruction and killed thousands of people, during that time price is pushed upto 600 dollars over the time of 7 months, last up move was mostly from rate cut anticipations, what ...
- GK12 replied Apr 14, 2024
I expected same, if the matter was to be escalated Wall Street wouldn’t have dumped on Friday, Now, before the opening, Iran says the matter is now considered to be concluded. I expect no up move now, due to Iran and Israel as it is now over, before ...
- GK12 replied Apr 12, 2024
Yes after May- Gold is usually bearish till September, Move can be slow or fast, depends, a ceasefire news may trigger another sell like we had today, and then Hawkish Fed can also push the gold lower, anyway it is just starting, will see the next ...
- GK12 replied Apr 12, 2024
that’s how it suppose to, but when price was at 1800 people were like we won’t see 2000 again, Now when price was at 2400, people were like we’re going to 3000, most of them are not able to put it together.
- GK12 replied Apr 12, 2024
yes 1840 opening is there, but again price won’t fall in a line, may be price move in a channel but firstly 2080 will be a great support on the weekly basis. It will take months to reach that point. But can be reached nothing odd in that.
- GK12 replied Apr 12, 2024
agree, and that’s where it will be appropriate to buy, when every one will be bearish by then
- GK12 replied Apr 12, 2024
If we close below 2326, we are headed for deep retracement, that is the opening price of the week. Anybody with the same opinion?
- GK12 replied Apr 12, 2024
don’t enter in any buy now, we may continue to fall for coming 1-2 days as well, gold does correct like that, happened many times in past as well. If we closed falling, fall will continue.
- GK12 replied Apr 12, 2024
if we close in red today, next week will be interesting
- GK12 replied Apr 12, 2024
Seems there will be no attack, and banks get load of money now, best way to dump
- GK12 replied Apr 12, 2024
we can see that, nothing would be new for gold, gold does that previously too