I shorted Gold this morning  at 2673 for a scalp. usuing a 10 minute chart and Hull moving avaerage st at 81.

Thanks much, Mike!  Just got back from Detroit.

Please keep us posted!

Previous thread:

                Gold Trading Range            

                25 responses |              

                Started by mikempt - Aug. 4, 2024, 8:29 a.m.   

      https://www.marketforum.com/forum/topic/106400/

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https://tradingeconomics.com/commodity/gold

1. 1 week

2. 1 month

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4. 10 years

5. 55 years

Potential topping formation??

Failure to test the previous highs on this last bounce up.

A close below 2626-ish would look pretty bearish. However shorting gold and picking the top in gold in recent times has been a recipe for losses in many cases.

What do you think?

https://tradingeconomics.com/commodity/gold

After surging up the last 2 weeks and smashing all time highs, gold reversed down today.

https://tradingeconomics.com/commodity/gold

1. 1 week

2. 1 month

3. 1 year

4. 10 years

5. 50+ years

BUT WAS IT INTO SUPPORT??

Scared out weak longs, OR did it top?

Bought a call!

thanks, tjc,

Some of this may be tied to the uncertainty of the election. I am wondering after that uncertainty is cleared up, if gold could react strongly and give up tons of risk premium. I never traded gold.

2708 GOING TO BE make or break till 2780/2808 termination point -=2722. is weekly open and previous weekly high
this is  support price should base below for bearish continuation=2708 close on week going lower again= next week could be wild for stox indices --4122/5940 correction or new high --b4 >>5741--5600--4960?? coming b4 dec mid?

Gold making new all time highs again this week!

https://tradingeconomics.com/commodity/gold

1 year chart below. Breaking out to the upside.......again.

2827/45 ish can be top out projection!! next trump--wins-Bearish Gold!!?? BTC>>> bullish---t

Thanks, fays!

Gold saw a huge spike down at exactly 7am, which strongly suggests some sort of (economic?) news.

https://tradingeconomics.com/commodity/gold

Gold is getting crushed here with tons of risk premium for uncertainty of the election being eliminated

                Re: Re: Re: Gold 4 Hour Chart $$$ To Inter day Trade            

                            By metmike - Oct. 23, 2024, 7:52 p.m.            

https://tradingeconomics.com/commodity/gold

1. 1 week

2. 1 month

3. 1 year

4. 50+ years

Gold Bearish and BTC higher --- for now !!

Gold bouncing back a bit today:

https://tradingeconomics.com/commodity/gold

Last week below: