DislikedSelling the precious one 1814 on stop, currently 1816. Holding WTI for the moment.Ignored
PS No probs J, hope the trading is is going well. : )
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DislikedSelling the precious one 1814 on stop, currently 1816. Holding WTI for the moment.Ignored
Disliked{quote} It will bounce at $100 again and then break right through. Another rate hike is coming July 13. After that another and another. The market knows the Fed is pulling liquidity at the same time and oil is a major target to pull down.Ignored
Disliked{quote} GOLD is holding on 20 EMA monthly chart, clear double top (I call batman). I would only sell if goes below 1800. Remember long term sentiment is bullish. Current weakness is due to gold sanctions on Russia. In Russia gold is major asset, they will fnd a way to bypass the sanctions. Of course only my sentiment. I've closed one of my long position, holding one more. GoodIgnored
Disliked{quote} Hi Jolita, I am not that optimistic, maybe I understand the news differently... I think they never made that clear for the public what they did with the Gold ban... They stopped Russia buying gold or they put sanctions to deny Russia pay with gold... Because pretty sure since 1999 Russia is probably the biggest gold buyer every year but we also know they produce a lot of refined gold so it's not easy to jump on conclusions . The cost of gold mining is rising day after day but the price it's not , we can't predict are they gonna stop mining...Ignored
https://www.reuters.com/markets/comm...ic-2022-06-27/
Will this lower gold price? Doubt it, as demand will increase, similar what happened after oil sanctions where implemented.
Russia can sell the metal to China, India and Africa.
Good trading! Thanks
DislikedLooking skittish in NY. Sold that pop to $110. Selling the rips not buying dips.Ignored
DislikedHome work done. Not far fromRising wedge and a big one. Fingers
trade safe
{image} Wedges and how to trade https://www.babypips.com/learn/forex/wedges
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