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EventsTrader replied Jul 16, 2019I tend to agree with your outlook. Although I think we may need a trigger to see any significant moves. Nothing scheduled. Perhaps Asia might start selling when SHFE opens up in a few hours. If it breaks 1400, we are probably headed to at least 1390 ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- EventsTrader commented Jul 16, 2019
In the current environment this could be a little misleading. Over the long-term, and as we've already seen, the Fed's pivot to dovish and heading towards easing is very bullish for gold. However, in the short-term there's a very big question mark ...
Core Inflation Rises but Fed Is Going to Cut Rates. Will Gold Gain?
- EventsTrader replied Jul 16, 2019
Welcome CDstar84! Lots of good traders and helpful discussions here. Looking forward to having you on board.
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- EventsTrader replied Jul 16, 2019
Palladium tested the March highs and failed to break out. It looks like it's due for a correction back to around the 1500 level. I don't like trading Palladium because of the spreads, but this seems worth it on a small position. I'm short at 1524 ...
Palladium trading
- EventsTrader replied Jul 16, 2019
Gold at 1403.6, is looking like it might try and test 1400. I just placed a sell stop limit order just below 1400 in case it breaks.
Gold RIGHT NOW
- EventsTrader replied Jul 16, 2019
Good call. I'm looking at a possible short entry. It's looking bearish. UPDATE: took a short position. A small one. Tight stop and will probably take profit unless I see it going to his my target at 1250. Conservative trade.
GoldenEuro Cross (XAU/EUR) GoldenAussi Cross (XAU/AUD)
- EventsTrader commented Jul 16, 2019
Now that the Chinese data is behind us, focus has shifted to the US retail data. Check out the US Retail Sales - July Preview for some analysis about what to possibly expect. Good luck and stay safe!
Gold little changed; U.S. retail sales data in focus
- EventsTrader replied Jul 15, 2019
Since I posted the US Retail Sales - July Preview, the market is expecting a greater chance of a 50 basis point rate cut. image I see the risk in stronger than expected data, which would send gold lower. If the data deviates enough from consensus ...
Gold RIGHT NOW
- EventsTrader replied Jul 15, 2019
The question is, how big is the rate cut going to be?
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- EventsTrader replied Jul 15, 2019
Spot on. Also China officials were hitting the wires with only positive comments about the economy. The way FX (AUD) failed rally as it normally would was a little surprising. Copper got rocked and rallied on that Industrial Production number. I ...
The Skenobi Speculations - The Gold Market
- EventsTrader replied Jul 15, 2019
I'm on a demo and going for it. Shorted right when it failed to break 1258. Target 1256 but could take profit earlier. Tight stop at 1260.
GoldenEuro Cross (XAU/EUR) GoldenAussi Cross (XAU/AUD)
- EventsTrader replied Jul 15, 2019
I'm with you now. I'm looking for an entry to go short.
If it can't break 1258, time to go short IMO.GoldenEuro Cross (XAU/EUR) GoldenAussi Cross (XAU/AUD)
- EventsTrader replied Jul 15, 2019
I got stopped. But I opened three positions and took some profit off the table on two of them. Winded up with a small loss overall. How'd you do?
GoldenEuro Cross (XAU/EUR) GoldenAussi Cross (XAU/AUD)
- EventsTrader replied Jul 15, 2019
Good idea MzansiObi. I have access to Gold/EUR via my contest demo. I just placed a short position at 1254. I've have a stop at 1256. Target is 1252.
GoldenEuro Cross (XAU/EUR) GoldenAussi Cross (XAU/AUD)
- EventsTrader replied Jul 14, 2019
It's a little bit early, but I had some time to get a preview posted on the upcoming US retail sales data due out on Tuesday. US Retail Sales - July Preview
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- EventsTrader replied Jul 14, 2019
US Retail Sales - July Preview Core Retail Sales m/m Retail Sales m/m Current July 31 interest rate expectations: Investors continue to debate the depth of the July 31st rate cut. A little over 25% still expect a 50 basis point rate cut, according ...
High Impact Events Trading... Gold & Copper
- EventsTrader replied Jul 14, 2019
100% agree. If not for anything, it's fun to participate.
Metal Competition Zone (Demo)
- EventsTrader replied Jul 14, 2019
Copper is rallying after strong Chinese industrial production data.
Copper for everyone
- EventsTrader commented Jul 14, 2019
I think there's some risk associated with a 27-year low in China's GDP. However, it's Sunday night and liquidity is relatively low. Gold might be susceptible to volatility on this release, but I'd remain cautious. Check out the full preview here: ...
China second-quarter GDP growth set to slow to 6.2%, 27-year low, as trade war bites