Yes, it feels like XAUUSD is currently in limbo. I hope Powell's speech doesn't send it lower, preferably , otherwise we'll have to make more $ going down past 1950...

Gold

LOL that's a good FX inside joke!

Gold

Not really, we just have to go low enough for buyers to step in on cheap Gold prices, especially after retailers complained about prices, plus once DXY's rally is over Gold should go up, as DXY won't be able to appreciate much further (not further ...

Gold

Thanks for all your insights, Parveen, I am also out, unless it goes below 1950.

Gold

Nice one let's see if that happens. There goes 1960... LOL!

Gold

Yes, hence I hope it is filled and that 1960 will hold.

Gold

Here comes the news, part 1. Hope XAUUSD has found it's floor.

Gold

I am on tenter hooks too man. 1970 can be strong support, therefore I am waiting for it to test and break it, before selling @ 1968. Otherwise, it is re-testing 1975, which held couple of times before as support. If it breaks through, tests and ...

Gold

on basis of what? 1969 is pretty strong, and can make a liquidity grab towards that and then shoot up, potentially.

Gold

Yes this is the reason, we need to go back to test at least 1997, and we must now be careful of bear traps.

Gold

welcome back Goose, hope you have been well! I am too watching from the sideline, hoping Gold will tire of down and start rallying a bit have sell stop @ 1979 TP 1975

Gold

I am also in at1984, but TP Set at 1982, looks like demand zone

Gold

I am also opting for 1977, Sell stop has been activated

Gold

new 4H candle, looking like it wants to drop, but will have to wait and see

Gold

It looks like further decline might be out today, I hope, so far! Let's see what new 4H candle does

Gold

I am also keen for Gold to go long, selling is so risky right now, I have a sell stop at 1984 just in case the crap hits the fan with any US news. TP then at 1977, secondary sell stop then 1974, no TP.

Gold

I think 1990-1987 will be a good place to take TP if selling.

Gold

Totally! And probably short-lived before buyers step in, so I'll try to stay out until they drop the big debt-ceiling news.

Gold

I will only short if price goes past 1998, then TP 1990 to 1985

Gold

Best of Luck Aahmad! I'm done, unless price goes below 2000, as I already capitalized twice when Gold went down from 2014 to 2002 today, just fearing when it will go up. The whole US Debt ceiling fiasco is what worries me.

Gold