GOLD, Gold and XAUUSD - page 149
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Excuse me, but which of these reflects price behaviour?
I took a screenshot before the market closed. It looked to me as though there would be an ‘Elder’s 3-screen’ signal. From this thread: https://www.mql5.com/ru/forum/511099/page2#comment_60499417.
But after the market closed, I saw that the MACD had been breached.
I took a screenshot before the market closed. It looked to me as though there was going to be an ‘Elder’s 3-screen’ signal. From this thread: https://www.mql5.com/ru/forum/511099/page2#comment_60499417.
But after the market closed, I saw that the MACD had been breached.
This is simply the most common market signal:
This is simply the most common market signal:
They’ve already shown it to me.
This is simply the most common market signal:
Sorry to butt in.
All ‘signals’ based on indicators take into account past price fluctuations and historical data, but do not factor in the current sentiment of market participants.
In my view, the only areas of interest are those where decent volumes have been traded, and, most importantly, the market sentiment.
In other words, all those MACDs, stochastics and other ‘gimmicks’ can be thrown out the window.
I haven’t looked at gold, but the general sentiment is shaped by US economic data.
The statistics are mixed: on the one hand, there’s inflation… on the other, the economy still needs further stimulus, as the jobs market isn’t exactly booming.
Theoretically, I see the Fed continuing to raise interest rates, albeit at a slightly slower pace, whilst stimulating the economy by increasing demand for armaments, technology and so on, driven by escalations in various parts of the world.
In this scenario, gold is likely to trade sideways or even see a slight decline!
However, it’s currently at 4,150, with significant accumulation below that level, so selling is only possible after a break below 3,850…3,880 and the formation of a clear signal!
As for buying at current levels… well, given the current downtrend, it’s a bit like ‘catching falling knives’ – unless you’ve got nothing better to do and some spare cash to burn, right?
A 100-dollar rise is very much a possibility, just as a 50-dollar fall is!
But that… isn’t trading anymore, it’s a game; the odds here are 50-50!
I’m not expecting the price to double.
The telly said that all the central banks are buying. And the East is buying too, but right now they need cash, so they’re selling.
But they don’t want to crash the market; that’s the last thing they need. They just need a bit of cash.
A return of over 5 per cent per annum on 10-year bonds!
A return of over 5 per cent per annum on 30-year bonds!
You can look at the track records to see what this means!
At any moment, everything could come crashing down...
There are ways to save yourself… but it’s not quite that simple…
If they launch ‘Operation’, priorities will shift.
Gold itself is just a hype! Industrial demand is very limited!
Jewellery is all just a fetish.
I’m just thinking, if a nuclear warhead were to hit me, what would be more important to me… clean water, medicines… or a ‘gold bar’?
Right, shall we have a chat?
In Slavic, ‘Gold’ sounds just like ‘Hunger’!
You’ve got your gold bars lying around, but nothing to eat!
Or ‘Gold’ sounds just like ‘Evil’ or ‘That’s Evil’!
Well, it’s all the same!
It’s… a scheme!
So, is it a good deal to buy? Let’s buy!
Is it a good deal to sell? Let’s sell!
All ‘signals’ based on indicators take into account past price fluctuations and historical data, but do not factor in the current sentiment of market participants.
In fact, EVERYTHING, including ‘current market sentiment’, is already in the past. However, it is objective and unchanging.
In 99 per cent of cases, they are misread and misunderstood.
In 99 per cent of cases, they are misread and misunderstood.
If a nuclear warhead comes my way,
‘Gold’ – in Slavic, ‘Gold’ – sounds like ‘Hunger’
Gold would rise faster. They don’t like these rates; they’ll fight them.
Hype? The East and India disagree with you.
Nuclear power? China has its plans mapped out for the next 15 years.
Famine? Yes, wheat, oil, gold, the dollar.
The East was buying; now it’s selling cautiously, and is very pleased with that. It wants to say thank you – they could have been selling at 1,500 right now.