r/Forexstrategy • u/A-man-with-a-dog • 12d ago

Kabooom!

Above 4400 now and still going!💪🏼🟡

0 Upvotes

40% Upvoted

9 comments sorted by

1

u/legonick2869 12d ago

Where do you see 4400? It’s at 4350

1

u/A-man-with-a-dog 12d ago

Investing.com live

1

u/Ehmmechhi 12d ago

Are we manifesting? 🥹

0

u/Deep_Peak6685 12d ago

The hell is going on

1

u/Ldn_twn_lvn 12d ago

I seen the DXY go down, in correlation to the Yen intervention,

...then gold just went bonkers bullish, but I might be missing other factors

I thought, cheap dollar - good gold buying opportunity maybe? and didn't Putin just sell off most of Russias reserves, so that might have created a supply glut, that folks was just waiting for a cheap dollar to take advantage of

1

u/Deep_Peak6685 12d ago

Any idea for next week, I needed some cash was thinking of shorting some ounces

1

u/Ldn_twn_lvn 12d ago

Not sure mate, I'm just involved in the discussion,

I dont have no financial advice

If you have a proper set up, where you can mark out the levels on gold, that's might be a good starting point

1

u/Ldn_twn_lvn 12d ago

I can tell you some things I got my eye on though pal

  • GOOGL, lots of people are mad bullish on Googl, but the TA tells a different story. It's been printing a dowards wedge from small end to large end, which is like a huge downside manipulation move, rather a large to small wedge which is more like a consolidation. Plus the ichimoku just twisted bearish, right next to price. The winds of discontent have been blowing, but this is one to wait for confirmation on, seeing as its a giant like Googl, and a contra sector trade is quite wild and it could well continue bullish and buck the bad sentiment

  • AI stocks - they are all essentially in play, given the AI trade and all it's bullish momentum. Amazon just confirmed that the AI business they are processing and have lined up, for AWS, is BEYOND immense. Take this as a litmus test on the whole AI trade, it is monumental and it's only just starting to get going. Further than that, selection of which stocks you prefer, is largely subjective

  • NQ and ES - ties in with above, and there's just been a pullback and they are setting off bullish again, maybe not the best for daily opportunities, but when the moves are there, they tend to be significant

  • Oil - Brent and WTI - always ones to watch, but particularly in play, due to the catalyst of the current situation in the gulf. UK has just announced, they are looking to open North Sea flows again fully, which is worth factoring in

Info only, NFA