GOLD, Gold and XAUUSD - page 118

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Sergey Golubev #:


Just a reminder: tech analysis is a science, forecasting is not.

I support it!

I have already written that analysis is high mathematics..., not arithmetic... Otherwise, what science is it ?


But in most cases, the forecast is a squeeze from ANALYSIS ! All - both analysis and forecast - are one and the same thing....


Although I realise that some traders may have different views....

 
Serqey Nikitin #:

Seconded!

I have already written that forecasting is high maths..., not arithmetic... Otherwise, what kind of SCIENCE is it ?


But in most cases, the forecast is a squeeze from ANALYSIS ! All - both analysis and forecast - are the same thing....


Although I realise that all traders may not have the same....

Yes, that's right, moreover, if someone makes technical analysis on pairs as "a multi-part series in cinema", then a single post there can look like a typical forecast.

 
Sergey Golubev #:

Yes, that's right, especially since if someone is doing tech analysis on pairs as a "multi-part film series", then an individual post there can look like a typical prediction.

You have correctly defined analysis and forecasting as a multi-part film series... because analysis and forecasting NEVER ends!

It is the BASE of a trader's activity! Without it, no trader will make a profit!

 
Serqey Nikitin #:

I support it!

I have already written that analysis is high mathematics..., not arithmetic... Otherwise, what science is it ?


But in most cases, the forecast is a squeeze from ANALYSIS ! All - both analysis and forecast - are one and the same thing....


Although I realise that some traders may have different views....

I don't actually understand what you mean explain yourself very well
 
61760858 JOEL Samuel #:
I don't quite know what you mean, explain it well.
What do you "don't quite understand"? Explain yourself.
 
I've never seen such a collapse in metals. Especially silver - almost 42% in one day. Not even the bitcoin.
 
Edgar Akhmadeev silver - almost 42% in one day. Not even the bitcoin.
Yes... up until now, except for the 9-year pit since 2011, gold has never fallen below $500 from its high, even if the fall lasted weeks and months. Today it's down $750 in a day, roughly speaking, and it's down $900 from yesterday's high.
 
Jack_the_singer #:
Yes... up until now, except for the 9-year pit since 2011, gold has never fallen below $500 from its high, even if the drop lasted weeks and months. Today it's down $750 in a day, roughly speaking, and it's down $900 from yesterday's high.
I apologise. It's in % that it fell or rose. Not in money.
 
mvf358 #:
fall or rise is measured in %. Not money.
You can even calculate it in the equity of the balance, through sine.
 
I have an unsupported feeling that gold is close to a strong correction. What do the experts think?
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