No doubt about it. This is gold just aiming down in chapters. Can´t do it in one go, given the amount of liquidity needed for such a move, plus is not profitable for the MMs. Expect more downs for next week.

Gold

While gold is all the way down there "29--´s, don´t forget that price in gold turns around quite quickly. Do you conservative purchases at bargain basement prices, before pricer makes a new ATH.

Gold

My long term is two weeks max. Look at prior FVGs left by Gold (Real FVGs moving price to ATHs, not FVGs in internal liquidity). Price tends to go back to fill those FVGs in a few weeks. When the hype on gold is at max, big money strikes.

Gold

Not sure whether this will happen today or not. All I see now are liquidity lines pointing to the 3042 consolidation area. Let´s see (too bad for my 2997 long term short position). Belief of 2950´s before 3100 still intact though.

Gold

Good point, resistance at 3036/37, may I add.

Gold

As I said yesterday , small bump up on 3016-3012, and then drop down. No way gold is going to 3100 without dropping to the 2950´s first.

Gold

Price will short rebound on 3016, then down.

Gold

Dollar rules gold. Now look and interpret the divergence image

Gold

I find difficult price going back to 2500 any time soon.

Gold

So much agree.

Gold

Here is a good example of the insiders institutions keep on their payroll

Gold

The FVG at 2960´S !!

Gold

I would not be that sure. Rest assure price will be going back to 2970´s, 2960´s. Its impossible price will leave the huge FVG below the 2960´s. Either will Iof it or fill it in full.

Gold

I went long way up there (in the middle of the fall). I am not highly levered, and can wait for a rebound. The key to me is, if price starts recovering soon (i.e. If MMs don´t leave price very long at the 2730´s, then it´s moving up soon). If they ...

Gold

I use them too. In the one minute graph, at high impact news, they have a lag of over one minute with respect to FXCM or OANDA (these two go in sync). However, if you buy, the price they give you is the right one. It´s annoying.

Gold

OK, but it was the 16th century when we were kings!.

Gold

Campeador (Cid) - As conquerors of the world in the 16th century, this feat should be easier.

Gold

This is my (bearish) view. - Last week, price dropped, to buy the 2600/2620 pockets of liquidity, which was not an intense liquidity area apart from the few spikes (reversal OBs, small rectangles). That liquidity grab has already been taken up for ...

Gold

You guys are off topic. I was not referring to the guy with big losses, who I already provided my advise (It is not smart trading gold short in the long term). I was just bringing up the topic of whether SLs should ALWAYS be used. Anyways, let´s ...

Gold

But you are jumping to a pre-packed conclusion, and that is dangerous. My advise is, you need to think by yourself and do YOUR own calculations. Do your math on your trading style and get a conclusion. Look at this video, the guy did at least some ...

Gold