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Member Since Feb 11, 2020
3 posts
Feb 20, 2020 at 02:04
Member Since Feb 11, 2020
3 posts
camerongill posted:
Hey there, gold has been a rocky ride lately, see how it picked up over the weekend. In the last week it has gone from 1470 to 1570! 6 year new high, so looking good for the yellow stuff... I did not get the long trade on this as my conditions were not met.
Ya i know Gold is above 1600.00 crazy it will go down in the next few days, next week
You are the size of your own dreams!
Feb 20, 2020 at 04:45
(edited Feb 20, 2020 at 04:48)
Member Since Sep 08, 2019
1 posts
Member Since Nov 06, 2018
83 posts
Member Since Aug 16, 2011
110 posts
Mar 11, 2020 at 01:15
Member Since Aug 16, 2011
110 posts
Yes, gold has held up very well and held its ground whilst the markets have been hammered.
Even Bitcoin gapped heavily on Monday's open.
We are going to look back to this time in the future as a major financial/economic/social event. However, the cracks were appearing in the dam wall well before the virus and it was only a matter of time. The next issue is the amount of global debt at central bank and governmental levels.
When are the markets going to bottom out? Who knows, personally I do not think we have seen the worst of it yet.
How much higher will gold go? If the dollar crashes then it is going to go higher. Some gold bulls are talking $50,000 oz, others $100,000 oz. I think if it gets to that level then things will be pretty bad all around.
What has happened to those traders shorting gold at 1600 levels? Either they have reversed their positions at a loss or taken a big hit. This is one of the reasons why Gold Trader - https://www.myfxbook.com/members/camerongill/gold-trader/3398307 - is a buy only strategy, I have found that when gold takes off it does not adhere to standard technical overbought conditions for shorting opportunities. Gold is not forgiving for shorters at the moment. Saying that, the shorters had 6 years of fun playing gold down, now it is the time that the bulls have their turn!
Even Bitcoin gapped heavily on Monday's open.
We are going to look back to this time in the future as a major financial/economic/social event. However, the cracks were appearing in the dam wall well before the virus and it was only a matter of time. The next issue is the amount of global debt at central bank and governmental levels.
When are the markets going to bottom out? Who knows, personally I do not think we have seen the worst of it yet.
How much higher will gold go? If the dollar crashes then it is going to go higher. Some gold bulls are talking $50,000 oz, others $100,000 oz. I think if it gets to that level then things will be pretty bad all around.
What has happened to those traders shorting gold at 1600 levels? Either they have reversed their positions at a loss or taken a big hit. This is one of the reasons why Gold Trader - https://www.myfxbook.com/members/camerongill/gold-trader/3398307 - is a buy only strategy, I have found that when gold takes off it does not adhere to standard technical overbought conditions for shorting opportunities. Gold is not forgiving for shorters at the moment. Saying that, the shorters had 6 years of fun playing gold down, now it is the time that the bulls have their turn!
Member Since Jun 16, 2020
14 posts
Jun 28, 2020 at 10:52
Member Since Jun 16, 2020
14 posts
Hi guys
Kindly check and review my system
i know its a new account but we have already made a profit of $10960.
https://www.myfxbook.com/members/ujjawalsingh/jaibalji/6385419
Your reply will be appreciated.
Kindly check and review my system
i know its a new account but we have already made a profit of $10960.
https://www.myfxbook.com/members/ujjawalsingh/jaibalji/6385419
Your reply will be appreciated.
Member Since Oct 13, 2019
7 posts
Member Since Oct 13, 2019
7 posts
Member Since Oct 13, 2019
7 posts
Member Since Jan 25, 2010
1360 posts
Jul 18, 2020 at 06:27
Member Since Jan 25, 2010
1360 posts
Ahmedoraibi posted:
Gold Still going up
but be careful for the corrections.
https://dailypriceaction.com/setups/xauusd-stage-100-move/?utm_source=Infusionsoft&utm_campaign=setup.7.17.20&inf_contact_key=6d1f9a665934de2d4e123dea415fee86680f8914173f9191b1c0223e68310bb1
And then you consider this:
https://www.fxstreet.com/news/a-sharp-dollar-depreciation-seems-likely-natixis-202007170649
And consider that USD is a safehaven during Risk Off. Has the worst uncertainty has passed us?
All things considered, more down pressure on USD can only mean up more pressure on XAUUSD! 😎
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