Serkan G

GOLD GOLD GOLD....

FX:XAUUSD   Gold/U.S. Dollar
556 24 2
AS MENTIONED BEFORE GOLD             WILL BE GO DOWN......

THIS CHART SHOWS US TWO DIFFERENT WEDGE FORMATIONS:

A: FALLING WEDGE .....SO IT WAS NORMAL THAT AFTER THIS FORMATION GOLD             WENT UP

B: RISING WEDGE : AT THE END OF THIS FORMATION, GOLD             WILL DOWN

AFTER EACH FORMATION GOLD             MAKE THE OPPOSITE ACTION (FALLING WEDGE=GOLD RISING - RISING WEDGE=GOLD FALLING)

FALLING WILL BE ENDING AT 1309, IF NOT THEN IT WILL BE 1295
alex.a
3 years ago
Serkan ~ What's wrong ~ Why they are stopping here?
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alex.a
3 years ago
Are they waiting for FOMC, and interest rate data ?
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Serkan G
3 years ago
there will be some volatility during the day but i don't think anymore that it will be go down.....we saw 1339 and that was the minimum...thin it will go 1383-1392 after fomc statement
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alex.a Serkan G
3 years ago
Why? What do you expect during the meeting?
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alex.a Serkan G
3 years ago
Bad CPI dropped dollar but some organization bought it back up before CPI annoucement
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Serkan G alex.a
3 years ago
has nothing to do with the dollar.....there are other organisations who normally manipulate the rate on such days but seems that they do not have enough gold in hands to do it..................maybe the still will do it, 5 minutes before the statement????
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alex.a Serkan G
3 years ago
Then, when do you think it will turn back down, after reaching what?
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Serkan G alex.a
3 years ago
i will sell it near closing time....don't think China or India will buy
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alex.a Serkan G
3 years ago
today? closing time?
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Serkan G alex.a
3 years ago
yes
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alex.a Serkan G
3 years ago
Do you think it will go up after FOMC, right?
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Serkan G alex.a
3 years ago
normally it had be go up after the statement......some organisation sold his gold just few minutes after the statement in think.....now we can wait till it reaches 1328 and less (the next time it will go under 1340 it would not come back soon to this level....1340-1328-1315-1305-1300-1295
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alex.a Serkan G
3 years ago
I know you closed this. But, one last question, please - after 1328 --> up under 1340 which would be the highest and good bye for Gold Rally??? Is it?
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Serkan G alex.a
3 years ago
1328-1320 the last chance for gold to go up...otherwise 1233-1220
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Serkan G Serkan G
3 years ago
if it go up it will me max 1347-1344
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alex.a Serkan G
3 years ago
Then, it will contradict what you wrote the above - Would you refresh the whole thing in order to remove the confusion?
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alex.a Serkan G
3 years ago
Today's and tommorrow's US data might not be good ~ (might ??)
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alex.a Serkan G
3 years ago
with bad US data, how far do you think it will go up? I have buy left there .... ><
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alex.a Serkan G
3 years ago
In my opinion, economy isn't moving with digital fashion. It takes time but during the Nov. NFP and others might not be good ~ Perhaps, from Thanksgiving season(2nd week of Nov.) producers might start spending more and the next week consumer spending will start but these data will be shown in Dec.
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Serkan G
3 years ago
data doesn't matter anymore.....maybe after data it will rise again till 1347 but gold is waiting for Yellen's statement in front of the Senate.....everybody wants to know what her ideas are......which strategy she will follow etc.......Be careful...but think you can earn some money if you buy today 5 minutes before the data and sell it immediately after the data....
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alex.a Serkan G
3 years ago
my buy position that I left over there... I hope I can manage that, too - Thanks a lot for everything. How long have you been trading Gold, may I ask? You know XAU.USD market like in your palm of your hand ~ up or down the trend too well -
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alex.a Serkan G
3 years ago
Last time, only one hit at this lowest of today and XAU changed it's direction. let's see what will happen for today.
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Serkan G
3 years ago
in few minutes we will see 1328
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Serkan G Serkan G
3 years ago
if you want to take some risk buy between
1328-1322 and sell after the data (normally the data should be bad)
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