Rebounds in sight
$XAU/USD(XAUUSD.FX$
After major profit from bearish call, gold is forming a base. the fundamental drivers of the next move are still unclear, as always since if you trade the news you would find it hard to turn a profit; do watch the gold market closely as it will give us insight into interest rate expectations.
After major profit from bearish call, gold is forming a base. the fundamental drivers of the next move are still unclear, as always since if you trade the news you would find it hard to turn a profit; do watch the gold market closely as it will give us insight into interest rate expectations.
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an anxious, reticent mouse, simply looking for the next meal
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itsgoodinmysoul OP : Key prices of control: 1764 as lower bound and 1864 as higher bounds
itsgoodinmysoul OP : Right now my models make me believe that the bond yields drop on Friday due to the Covid variant ‘news’ were an overreaction in the short term, I do expect yields to move up this coming week, as such I have a bearish bias for this week for XAUUSD. Should this be the case, gold could be hammered to 1770 and even more.
itsgoodinmysoul OP : Currently a good bet is to short on the gold to express a bullish thesis. However we may be able to capitalise more on this thesis using something like US500 or GBPJPY longs.
itsgoodinmysoul OP : Short the gold price, stay tuned for a good entry.
itsgoodinmysoul OP : The expectation is for gold to move up violently in the near future for tonight’s cpi data due to drop in rates, but rest assured that move is only reactionary and gold will continue to fall.
itsgoodinmysoul OP : Hello my friends, Gold is start to move in a parabolic move.
Here is my target 1 1864 target 2 1964.
After which I expect gold to crash hard to 1550-1564(not in a straight line of course).
itsgoodinmysoul OP : We cancel the long trade Tmr immediately at market open.