Finally the drop! Can we see below 2400 today? That would be hella bearish!

Gold

Thanks fontu! No signs of going down yet? sigh...

Gold

The day Gold drops below 2400 it will be a great sigh of relief. Too sketchy to buy this high

Gold

Thank you for all your valuable insight. I really hope we start dropping sometime

Gold

Can we expect the drop yet? Will be bad if weekly and daily closes above 2400, for bears.

Gold

Holy smokes! For real? It would be great! Last month's monthly candle... Is blue/green, even though it has a wick, it doesn't look bearish to me.

Gold

That will be one huge drop, but will be great. What do you reckon would make this happen? Profit-taking + Hawkish Feds (reiterating that rate cuts won't happen as soon as the market anticipates?)

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Good day everyone, seems like we are up again, I have no clue what Gold wants to do anymore. Let's hope the Fed speaks today brings Gold down to 2350, and that some heavy profit-taking will happen

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I'm short at 2385, this f*#er must fall

Gold

In broader sense or higher TF yes, but he called that price because then it will be break of structure, which can now be 2382 as we moved higher, but 2376 will be even better confirmation for going selling short to medium term at least.

Gold

That is very true, except if everything crashes. If you look at Gold through the decades, it has mostly gone up, therefore ultimate way to trade it is buy-the-dip, almost always, except of we are hiking rates again. I mean, there are gaps on higher ...

Gold

LOL. This is an example of why they say Gold has low liquidity (and high volatility), as it can swing really wide, not ideal for scalping, even though that's what I do. Can someone call President Biden and ask him to go Long on the Dollar and ...

Gold

Well done, good call. I hope we can fall from here. Although then we would need some heavy hawkishness.

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That would be great, please go down for a spell.

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Interesting, Gold is creeping up again, through resistances. Perhaps this is the slow pump before a nice dump, if CPI comes in hot, which I think it will. Also this climb doesn't look like a geopolitical tension-rally. So let's see.

Gold

Hopefully we touch 2330 and then bounce

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This does feel a bit overstretched now, I hope we will see a bit of a dump sometime today.

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Morning! It's a good one, let's go up, hopefully to finally break 2330 and head to 2350

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@MrFanciful ...Or do what The Duck says... He is offering free advice (a very helpful person!), and is solid and consistent. If you can't heed this, you will end you and you partner's hopes & future, eventually. DO the RIGHT thing. Kindest regards.

Gold

THE ANSWER: Take a mental break and try EURUSD

Gold