Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

mohsinqureshii

Gold Bullish or Bearish

Recommended Posts

There is demand for Gold in Asia, and Western Paper Gold is selling out....

Think you hit the nail on the head.

 

We will probably know the downtrend has resumed when Asia (the traders that is) start selling again and volume picks up.

 

Or London or New York. :shrug:

 

More likely all of the above.

Share this post


Link to post
Share on other sites

ASIA Gold sideways this morning

I have added an oscillator ,RSI , to my chart.

Now I dont think much about these techno things, but I hoped to find over bought conditions.

It shows that Gold has NOT been over bought for a year.

Does that make sense?

It also shows that at -20, Gold is a BUY, every time.

And it shows that it falls each time it touches the 50 line.

Can I trade using this info.?

Techno traders please help.

regards

bobc

PS Astro charts show TURN date yesterday for DOW & DAX

Expect a pullback.

The Germans are very into Astro trading. The last big TURN date... 22nd May saw the DAX fall sharply . I think Kuokom trades the DAX. Be careful Kuokom

5aa711f2dc116_Gold__RSI.png.0dab43eaec0989ba73b214d7c22233f4.png

Share this post


Link to post
Share on other sites

I use RSI but with OB/OS levels of 60/40 but not actually to look for overbought/oversold conditions - instead as a trend identifier.

 

In an uptrend oscillator shouldn't (with minor exceptions) go below 40 and the flip side in downtrend (again with minor exceptions) shouldn't go above 60.

 

Exactly as your mentioned although you were keying in on the 50 mid level line.

 

How about this put an RSI with a length of 2, yes 2 and OB/OS of 95/5. The oscillator naturally flips back and forth rapidly so rather than include in the attached pic which would look skitterish on a years worth of data I have just added to price bars arrows on the day after, for say a 95 or higher OB or 5 or lower OS reading on Monday, arrow for entry is by Tuesday's bar.

 

Some were premature like any signal so of course I don't use this in isolation if I were to take the signal. Only when other factors confirm.

RSI.thumb.png.35e74b3b40897155d9f4d5ec756633bb.png

Share this post


Link to post
Share on other sites

Gold selloff is really a significant event in the history of Gold trading. John Paulson made a big mistake this time betting that Gold will climb higher forever and he will pay for that mistake big money..

Share this post


Link to post
Share on other sites
Gold selloff is really a significant event in the history of Gold trading. John Paulson made a big mistake this time betting that Gold will climb higher forever and he will pay for that mistake big money..

..well i guess we all make mistakes...we all have to pay for our mistakes...well most of the time...however...before the story is over he may well end up vindicated...time will tell

Share this post


Link to post
Share on other sites

Possible long did not pan out so. Ended up being gunning stops on a failed breakout. That low close ...high vol ...on 9:35 failed breakout bar was the signal to reverse ones thinking to short and look for a shorting entry. In scalping always have stops in place..they are beloved for scalping...range bound scalping short at top..long at the bottom...not for the weak hearted. Typical range behaviour ...many times..race to the bottom..reverse...race to top..traders thing it will breakout...breakouts fail 70% of time...you cannot determine when the breakout occurs until it happens. It can be on either side of the range...you can make an educated case but the odds are against you as in failed breakout i mentioned above.

Edited by Patuca

Share this post


Link to post
Share on other sites

I gotta go but that is how i trade ranges..mostly scalping..of course depending on size of range top to bottom..some you scalp and swing a portion.

 

Total points extracted on this scalp. 1 pt on 1/2 of position..3 points on second half..that can be a fairly good in short time if one is say doing 6 to 10 lots at a time..even at 2 lots it is

$ 200.00. See.. here we go again..after trade ...race back to the top of range and now racing back down...again...ATM machine...just pop the card in ..have stops in place ..drink some of capt Bobs coffee and relax....if machine does not dispense cash soon then very quickly remove card and wait and see what happens. It is very difficult to predict direction in scalping as things happen too fast and when you are old you cannot think fast...therefore it becomes easier to trade typical "range behaviour" in scalping always putting stops in just in case you are wrong and the markets makes the breakout which at some point in time it always will. Strategically the market is constantly cycling between trends and ranges..tactically.. many are the means to extract dinero or lose dinero in the strategic context in which price finds itself..in anthropological terms you could call this the contexualization of price :rofl: :rofl:

 

Gotta go...

 

Granted scalping is potataoe chip money (unless you do it in large size)...If you want some more potatoe chip money you could race over to steve46 thread as he is constantly reverting back and pulling money out with his little own ATM machine..nothing wrong with that..with size you could make a load of dinero...then take off and go fishing...

 

P.S. The coffee atm is at the moment broken down for repairs as it had a breakout.

 

The gold ATM has worked quite nicely today.....

 

P.S. do not do what i say do and never do what i do....and remember in my dipstick opinion es is bearish and gold is bullish. up is down and down is up....

 

:ciao::ciao:

Share this post


Link to post
Share on other sites
I gotta go but that is how i trade ranges..mostly scalping..of course depending on size of range top to bottom..some you scalp and swing a portion.

 

Total points extracted on this scalp. 1 pt on 1/2 of position..3 points on second half..that can be a fairly good in short time if one is say doing 6 to 10 lots at a time..even at 2 lots it is

$ 200.00. See.. here we go again..after trade ...race back to the top of range and now racing back down...again...ATM machine...just pop the card in ..have stops in place ..drink some of capt Bobs coffee and relax....if machine does not dispense cash soon then very quickly remove card and wait and see what happens. It is very difficult to predict direction in scalping as things happen too fast and when you are old you cannot think fast...therefore it becomes easier to trade typical "range behaviour" in scalping always putting stops in just in case you are wrong and the markets makes the breakout which at some point in time it always will. Strategically the market is constantly cycling between trends and ranges..tactically.. many are the means to extract dinero or lose dinero in the strategic context in which price finds itself..in anthropological terms you could call this the contexualization of price :rofl: :rofl:

 

Gotta go...

 

Granted scalping is potataoe chip money (unless you do it in large size)...If you want some more potatoe chip money you could race over to steve46 thread as he is constantly reverting back and pulling money out with his little own ATM machine..nothing wrong with that..with size you could make a load of dinero...then take off and go fishing...

 

P.S. The coffee atm is at the moment broken down for repairs as it had a breakout.

 

The gold ATM has worked quite nicely today.....

 

P.S. do not do what i say do and never do what i do....and remember in my dipstick opinion es is bearish and gold is bullish. up is down and down is up....

 

:ciao::ciao:

 

nicely done, nicely done

Share this post


Link to post
Share on other sites

Brilliant!

 

Long term trend (past two years) is down and someone scalps the other direction then scalps with the trend.

 

All the while market is down more than a percent alone today.

 

Again, brilliant.

Share this post


Link to post
Share on other sites
Capt Bob did you trade the gold ATM today or were you too busy looking at the RSI? just wondering...:):)

 

Hi Patuca

No ,its nighttime here in South Africa......ZZZZZZZZZZZZZZZZZ

But yesterday at 4.20 pm , my time,,Gold broke 1301

Fortunately it was Wednesday afternoon, Golf day.

Otherwise I would have bought and been stopped out 20 minutes later

So there is a god.

regards

bobc

Share this post


Link to post
Share on other sites
Hi Patuca

No ,its nighttime here in South Africa......ZZZZZZZZZZZZZZZZZ

But yesterday at 4.20 pm , my time,,Gold broke 1301

Fortunately it was Wednesday afternoon, Golf day.

Otherwise I would have bought and been stopped out 20 minutes later

So there is a god.

regards

bobc

Ok capt Bob..."there is always a right time to do the right thing" or "the time is always right to do what is right" Dr. King

 

it was time for shorting not longing.... It was time for trading not playing golf. sleep can wait too...you snooze..you lose....

 

do you think Dr King studied W.D.?

Edited by Patuca

Share this post


Link to post
Share on other sites
Ok capt Bob..."there is aways a right time to do the right thing" Dr. King

 

it was time for shorting not longing.... It was time for trading not playing golf. sleep can wait too...you snooze..you lose....

 

do you think Dr King studied W.D.?

 

Hello Patuca

Dr. King.....hm,hm,hm...you give me little clues about yourself ;)

Now that I,m fully awake and had a chance to look at yesterday, I ask myself,would I have bought at 1302.

Last week Ben said QE was continuing.... the $ fell and Gold went up.

Yesterday Ben said QE was continuing.....the $ went up and Gold fell.

I would have assumed the $ to fall further, and bought Gold... and lost my cash.

regards

bob

PS Madmarket scientist. Please read Dr. Kings quote a few times , and then remove the insulting post by some vender over on Beyond Taylor. You know what I,m referring to.

Share this post


Link to post
Share on other sites

I have a NEW PLAN

Gold is consolidating in a tight band with support at 1270 and big resistance at 1300

Its still a bear market, but I am still a little bullish ,short term

I think I can scalp 20 points .

BUY at 1278

Sell at 1298

Stop at 1269 and enter short,because then its one way down to 1200

But I still need an edge to buy.... a strengthening $

I wonder if anyone has some info , if the $ goes up 100 pips , Gold drops $5 , or similar.

regards

bobc

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • Date: 11th July 2025.   Demand For Gold Rises As Trump Announces Tariffs!   Gold prices rose significantly throughout the week as investors took advantage of the 2.50% lower entry level. Investors also return to the safe-haven asset as the US trade policy continues to escalate. As a result, investors are taking a more dovish tone. The ‘risk-off’ appetite is also something which can be seen within the stock market. The NASDAQ on Thursday took a 0.90% dive within only 30 minutes.   Trade Tensions Escalate President Trump has been teasing with new tariffs throughout the week. However, the tariffs were confirmed on Thursday. A 35% tariff on Canadian imports starting August 1st, along with 50% tariffs on copper and goods from Brazil. Some experts are advising that Brazil has been specifically targeted due to its association with the BRICS.   However, the President has not directly associated the tariffs with BRICS yet. According to President Trump, Brazil is targeting US technology companies and carrying out a ‘witch hunt’against former Brazilian President Jair Bolsonaro, a close ally who is currently facing prosecution for allegedly attempting to overturn the 2022 Brazilian election.   Although Brazil is one of the largest and fastest-growing economies in the Americas, it is not the main concern for investors. Investors are more concerned about Tariffs on Canada. The White House said it will impose a 35% tariff on Canadian imports, effective August 1st, raised from the earlier 25% rate. This covers most goods, with exceptions under USMCA and exemptions for Canadian companies producing within the US.   It is also vital for investors to note that Canada is among the US;’s top 3 trading partners. The increase was justified by Trump citing issues like the trade deficit, Canada’s handling of fentanyl trafficking, and perceived unfair trade practices.   The President is also threatening new measures against the EU. These moves caused US and European stock futures to fall nearly 1%, while the Dollar rose and commodity prices saw small gains. However, the main benefactor was Silver and Gold, which are the two best-performing metals of the day.   How Will The Fed Impact Gold? The FOMC indicated that the number of members warming up to the idea of interest rate cuts is increasing. If the Fed takes a dovish tone, the price of Gold may further rise. In the meantime, the President pushing for a 3% rate cut sparked talk of a more dovish Fed nominee next year and raised worries about future inflation.   Meanwhile, jobless claims dropped for the fourth straight week, coming in better than expected and supporting the view that the labour market remains strong after last week’s solid payroll report. Markets still expect two rate cuts this year, but rate futures show most investors see no change at the next Fed meeting. Gold is expected to finish the week mostly flat.       Gold 15-Minute Chart     If the price of Gold increases above $3,337.50, buy signals are likely to materialise again. However, the price is currently retracing, meaning traders are likely to wait for regained momentum before entering further buy trades. According to HSBC, they expect an average price of $3,215 in 2025 (up from $3,015) and $3,125 in 2026, with projections showing a volatile range between $3,100 and $3,600   Key Takeaway Points: Gold Rises on Safe-Haven Demand. Gold gained as investors reacted to rising trade tensions and market volatility. Canada Tariffs Spark Concern. A 35% tariff on Canadian imports drew attention due to Canada’s key trade role. Fed Dovish Shift Supports Gold. Growing expectations of rate cuts and Trump’s push for a 3% cut boosted the gold outlook. Gold Eyes Breakout Above $3,337.5. Price is consolidating; a move above $3,337.50 could trigger new buy signals. Always trade with strict risk management. Your capital is the single most important aspect of your trading business.   Please note that times displayed based on local time zone and are from time of writing this report.   Click HERE to access the full HFM Economic calendar.   Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding of how markets work. Click HERE to register for FREE!   Click HERE to READ more Market news.   Michalis Efthymiou HFMarkets   Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in Leveraged Products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
    • Back in the early 2000s, Netflix mailed DVDs to subscribers.   It wasn’t sexy—but it was smart. No late fees. No driving to Blockbuster.   People subscribed because they were lazy. Investors bought the stock because they realized everyone else is lazy too.   Those who saw the future in that red envelope? They could’ve caught a 10,000%+ move.   Another story…   Back in the mid-2000s, Amazon launched Prime.   It wasn’t flashy—but it was fast.   Free two-day shipping. No minimums. No hassle.   People subscribed because they were impatient. Investors bought the stock because they realized everyone hates waiting.   Those who saw the future in that speedy little yellow button? They could’ve caught another 10,000%+ move.   Finally…   Back in 2011, Bitcoin was trading under $10.   It wasn’t regulated—but it worked.   No bank. No middleman. Just wallet to wallet.   People used it to send money. Investors bought it because they saw the potential.   Those who saw something glimmering in that strange orange coin? They could’ve caught a 100,000%+ move.   The people who made those calls weren’t fortune tellers. They just noticed something simple before others did.   A better way. A quiet shift. A small edge. An asymmetric bet.   The red envelope fixed late fees. The yellow button fixed waiting. The orange coin gave billions a choice.   Of course, these types of gains are rare. And they happen only once in a blue moon. That’s exactly why it’s important to notice when the conditions start to look familiar.   Not after the move. Not once it's on CNBC. But in the quiet build-up— before the surface breaks.   Enter the Blue Button Please read more here: https://altucherconfidential.com/posts/netflix-amazon-bitcoin-blue  Profits from free accurate cryptos signals: https://www.predictmag.com/ 
    • What These Attacks Look Like There are several ways you could get hacked. And the threats compound by the day.   Here’s a quick rundown:   Phishing: Fake emails from your “bank.” Click the link, give your password—game over.   Ransomware: Malware that locks your files and demands crypto. Pay up, or it’s gone.   DDoS: Overwhelm a website with traffic until it crashes. Like 10,000 bots blocking the door. Often used by nations.   Man-in-the-Middle: Hackers intercept your messages on public WiFi and read or change them.   Social Engineering: Hackers pose as IT or drop infected USB drives labeled “Payroll.”   You don’t need to be “important” to be a target.   You just need to be online.   What You Can Do (Without Buying a Bunker) You don’t have to be tech-savvy.   You just need to stop being low-hanging fruit.   Here’s how:   Use a YubiKey (physical passkey device) or Authenticator app – Ditch text message 2FA. SIM swaps are real. Hackers often have people on the inside at telecom companies.   Use a password manager (with Yubikey) – One unique password per account. Stop using your dog’s name.   Update your devices – Those annoying updates patch real security holes. Use them.   Back up your files – If ransomware hits, you don’t want your important documents held hostage.   Avoid public WiFi for sensitive stuff – Or use a VPN.   Think before you click – Emails that feel “urgent” are often fake. Go to the websites manually for confirmation.   Consider Starlink in case the internet goes down – I think it’s time for me to make the leap. Don’t Panic. Prepare. (Then Invest.)   I spent an hour in that basement bar reading about cyberattacks—and watching real-world systems fall apart like dominos.   The internet going down used to be an inconvenience. Now, it’s a warning.   Cyberwar isn’t coming. It’s here.   And the next time your internet goes out, it might not just be your router.   Don’t panic. Prepare.   And maybe keep a backup plan in your back pocket. Like a local basement bar with good bourbon—and working WiFi.   As usual, we’re on the lookout for more opportunities in cybersecurity. Stay tuned.   Author: Chris Campbell (AltucherConfidential) Profits from free accurate cryptos signals: https://www.predictmag.com/   
    • DUMBSHELL:  re the automation of corruption ---  200,000 "Science Papers" in academic journal database PubMed may have been AI-generated with errors, hallucinations and false sourcing 
    • Does any crypto exchanges get banned in your country? How's about other as Bybit, Kraken, MEXC, OKX?
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.