And Gold is (mostly) all about fundamentals and sentiment plus, is getting overbought

Gold

Well done Next Elliott! Your calculations are spot-on Now we can wait for tides to turn bearish? That 2270 area is still waiting for us. Hope everyone has a great trading week!

Gold By NextElliott

I hope we go there... This could be the 2nd shoulder part of the H&S pattern on DAILY time frame

Gold

I believe we will be going down, seeing as China ain't buying Gold anymore, so I look forward going down to 2250 sometime watch out for bull traps along the way.

Gold

Thanks, so we are entering the selling area. Will be interesting to see if market dumps from open due to high gold prices, and if it will first like to touch 2400 or 2410 before dumping

Gold

[quote=NextElliott;14922997] You were dead-on, thanks Next Elliott. Looking forward to next week's retracement, or waterfall

Gold

Yes please, let's go to 2340!

Gold

I am long too, hopefully we can reach 2325 (last week's low), or even higher, as Gold's selling is overstretched/exaggerated, due to NFP that was hot along with news of China nog buying anymore, but that doesn't mean market won't pick it up at a ...

Gold

I feel you, I won't trust anything that seems to good to be true. It is best to build yourself up from nothing or scratch, mentally most rewarding.

Gold

I Imagine this happening next week, or so I hope, as the hot NFP news did make gold drop (even though market didn't react much to the higher unemployment rate), but the market should be keen on buying at this lower level (strategic buyers) and the ...

Gold

Looking forward to some epic dumping, hopefully towards and especially with NFP, seeing as ADP never correlates and being summer in US, is usually good for job applications and numbers.

Gold

Agreed with Mr Axelrod I have a sell at 2331, my highest sell. Will be nice if we can finally go beyond that crucial level. Edit: Also where we are right now, 2340, is important, as it is the previous day's low, so could go up again, but the ...

Gold

Just like you are saying. Safest strategy is still Buying on dips, until things change in the market, a proper shift. I have traded down until 2253, but once reached, I will only Buy on dips.

Gold

I would love to see us smash 2300, but it is far away, and we have to get past 2325, the weekly low, and then on the daily, 2303 is where the 50-DMA lies, plus 2300 is psychologically important. So we can expect a bounce there, hopefully just a dead ...

Gold

LOL, I hope he's right. Been staying out all week, as I do not trust the bullish run we've had. Could've made some dough, but I don't want to buy high and be potentially stuck when this thing drops. Glad there are others here who think we will be ...

Gold

Thank you for all the valuable advice given here. I am staying out of Buys, have a feeling it is just to trap Bulls, pretty sure also we will be dropping randomly at some point, especially if US data can come out strong today (more than likely, ...

Gold

Or we can go lower, to another strong point, 2371?

Gold

I Am asking the same, but knowing Gold, it's been a dick, and will take its time. As long as the top in for now, it will be great.

Gold

Yes I hope this happens! All the bullishness is making me sick, and the market has to rebalance itself eventually. The hawkish banks around the world is helping. Hope we can get a daily close below 2388, or better the weekly, the. We can see some ...

Gold

Excellent bearish effect we had lately. Hopefully the new Jefferson FED talk will soon also have it drop further, or if people jump into Copper? Also, If the Daily candler stays like it is now, or turns a bit red from dropping a bit lower, is it ...

Gold