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1 minute ago, codsalltrader said:

I cant make a trade on spot gold anyone else?

yes, there has been problems on the exchange due to lack of supply and so therefore extra large spreads for the spot market since mid yesterday, because the spreads were so wide on the exchange IG pulled it. Look at the futures chart instead (see small arrow for dropdown box next to the spot chart market title top left corner).

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Posted (edited)

Posted this on another thread but for this one also, discusses recent gold supply and demand problems.

 

Edited by Caseynotes

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Gold support at 1641, Daily pivot at 1653 and R1 at 1665.

H4 chart;

image.thumb.png.39e70c0c699d620bebd65566501eddb4.png

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Gold H1 bouncing between the daily pivot and support 1.

image.thumb.png.b031502679f5aa4a23a785746a6d50cd.png

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Gold driving higher. Daily chart with weekly pivots;

image.thumb.png.ad142aee21fedf30c6bb3eee7fcba450.png

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Did y'all buy gold calls two months ago like I told you :P

 

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On 08/04/2020 at 12:57, Caseynotes said:

Gold H1 bouncing between the daily pivot and support 1.

image.thumb.png.b031502679f5aa4a23a785746a6d50cd.png

 

One hour chart for gold?  Good luck with that.

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2 minutes ago, dmedin said:

 

One hour chart for gold?  Good luck with that.

tells the story well, the support was sound.

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4 minutes ago, dmedin said:

Did y'all buy gold calls two months ago like I told you :P

 

no did YOU buy gold calls two months ago like you told you.

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6 minutes ago, Caseynotes said:

no did YOU buy gold calls two months ago like you told you.

Yes

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8 minutes ago, Caseynotes said:

tells the story well, the support was sound.

🤥

It's a bit cr@p really, gold isn't for 'day trading' or scalping.

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1 minute ago, dmedin said:

🤥

It's a bit cr@p really, gold isn't for 'day trading' or scalping.

a lot of the time that is correct, you only have to look at those many long double tails on the hourly bars.

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Gold approaching the March highs but note that Gold Futures are already there;

image.thumb.png.7025780e60483b08cf6aa4e79cc0b2d1.png

image.thumb.png.b9af6dbecddc4df7c8cdf6d597955848.png

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BILBO BAGGINS!  Gold will shortly burst at warp speed to Uranus!!! 1900 by SUMMER!  :D

1178514851_SpotGold_20200413_16_11.thumb.png.a8529663bcffdc83bcf1cfc9607e3434.png

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FXCM clients Gold positioning over the last 4 weeks; longs looking a bit wobbly of late 🙂

image.thumb.png.8e738f7d9139daef105485ce6653f454.png

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Gold tests the underside of the weekly pivot then heads for S1.

Daily chart;

image.thumb.png.ed7dca2374f474e67d44e762f0122cee.png

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Maybe it wlll go down, maybe it will go up?

Toss a coin - that will give you a better chance than trying to 'read' charts :D

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Gold captured 1700 yesterday and currently looking at the weekly R1.

Daily chart;

image.thumb.png.73463082e474c0d571927782fb0025c0.png

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Gold found support off the weekly pivot R1 this morning but now waiting.

Daily chart;

image.thumb.png.74aba6ae697661c7bb84152fe4836812.png

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