Rip. Gold drop like crazy from 1966 to 1930

Tomorrow will be hard. Since tomorrow is friday. Then monday merdeka. Nice is gg liao if tonight powell speech stating usd is strengthening

1863 could be dangerous. Especially those who EP at high floor

“As it is all about the Powell speech on Thursday, the powerful 21-hourly Simple Moving Average (HMA), currently at $1938, is seen offering immediate support to the gold bulls.”

“A break below which the horizontal 100-HMA at $1934 will be tested. Should the bulls fail to defend the latter, the next cushion awaits at the 50-HMA of $1931. Selling pressure will accelerate on a breach of the last, with Wednesday’s low of $1903 back on the sellers’ radar. If Powell turns out to be less dovish, the metal could extend its decline towards the August 12 low of $1863.”

No one knows. But if us people are worried about the inflation and usd strength. They will buy gold again like back in early pandemic time. Then maybe nice will have some show.

I asked my friends, they said roughly around 8:50pm our time

Not sure what time. Just they mentioned in the post it will be on 27th US time.

1953 now. Like i said yesterday. Today us federel reserve will do conference about inflation in us. Investors waiting to see if gold will be up or us dollar will be stronger vs foreign currency

Tomorrow us federal reserve will do his speech. Hopefully have good news for gold

Powell’s speech on Thursday will likely be the next major dollar driver, with investors watching to see if he signals that the U.S. central bank will shift its inflation target to an average. This would allow inflation to rise higher than previously before the Fed raises rates, making up for decades of benign price increases.

“I think we could get some pullback in foreign currencies and dollar strength if Powell doesn’t really, really strongly come out and say we’re doing inflation average targeting,” Nelson said.

Tomorrow us federal reserve will do his speech. Hopefully have good news for gold

Powell’s speech on Thursday will likely be the next major dollar driver, with investors watching to see if he signals that the U.S. central bank will shift its inflation target to an average. This would allow inflation to rise higher than previously before the Fed raises rates, making up for decades of benign price increases.

“I think we could get some pullback in foreign currencies and dollar strength if Powell doesn’t really, really strongly come out and say we’re doing inflation average targeting,” Nelson said.

Powell’s speech on Thursday will likely be the next major dollar driver, with investors watching to see if he signals that the U.S. central bank will shift its inflation target to an average. This would allow inflation to rise higher than previously before the Fed raises rates, making up for decades of benign price increases.

“I think we could get some pullback in foreign currencies and dollar strength if Powell doesn’t really, really strongly come out and say we’re doing inflation average targeting,” Nelson said.

Tomorrow us federal reserve will do his speech. Hopefully have good news for gold

Gold remains on the back foot as uncertainty remains prevalent ahead of the all-important policy review from the central bank. Jerome Powell, Chairman of the Federal Reserve, is set to deliver a speech that may open the floodgates to more monetary stimulus – potentially pushing the precious metal higher.

However, investors are yet to be convinced that additional money printing is on its way, reducing their bets on XAU/USD.

How is gold positioned on the charts?

The Technical Confluences Indicator is showing that XAU/USD is facing fierce resistance at around $1,933, which is the convergence of the Bollinger Band 15min-Upper, the Simple Moving Average 5-4h, the SMA 100-15m, the Fibonacci 23.6% one-month, and more.

Further above, gold is capped at $1,936, which is the meeting point of the previous 4h-high and the Fibonacci 23.6% one-week.

Looking down, support awaits at $1,906, which is where the Pivot Point one-day Support 1 and the previous weekly low converge.

Another cushion is at $1,898, which is the confluence of the PP one-day S2 and the Fibonacci 38.2% one-month.

1933

1940 usd gold. time to standby bullet for tomorrow shopping

Tomei up. Poh kong nice down still

R1: 0.3
R2: 0.34
S1: 0.16
S2:0.08

my new tp will be 0.42

1994 now.

So many big people acquired poh kong share.

Why la so many Q selling. Cant even closed at 0.35. Haahha. But ok la. Got touch 0.355 for a while

Where got no respond. Now touch 0.35 already maa. Yesterday only play around 26-30sen

@fishningen2 the day just started. Hahaha should have more power at evening time.

Today if limit up at 60sen right?

I said “now” maa. Cause today gold news all ok.

0.335 now. All gold counters green now. Hope can limit up today

Im ok to hold for long term now

XAU/USD: Break to new highs would turn attention to $2,400/oz
Analysts at Citibank forecast gold at $2,100/oz in 0-3 months and at $2,300 in a period of six to twelve months. They point out the record pace of ETF investor inflows (aweakening the dollar) and negative real yields are the primary drivers for gold's rally.

We going to the moon soon. Hop on

Gold touch 2k per ounce last night. Nice 0.32 today open.

GG. Can sleep damn well tonight. Bitcoin broke 12k$.
Cant wait for nice. to bring be good news too tomorrow

Time to sleep

1985 huhu

12 goldprice

Yup. Also think gold counter not so good now. Think need to exit as well.

Who else still stuck at high floor? Bought above 30sen

https://www.theedgemarkets.com/article/knm-supply-equipment-sbm-offshore-us4m

https://www.theedgemarkets.com/article/knm-supply-equipment-sbm-offshore-us4m

https://www.theedgemarkets.com/article/knm-supply-equipment-sbm-offshore-us4m

-17%. Not -5.5

Embrace urself. Could be heavy fall on few counters

Gdp -17%

Gold will be a long term investment game. Can’t really expect it to go up everyday. Sad life

One good thing. Nice still green zone compared to tomei n poh kong.

14/8. Gdp Report out already right? Seem like -10%. True?

Profit taking. Now 0.29

1961. I think i can sleep well tonight. Hahah

1960 at 1:25am

@Legend. Hahahah. U do loan bro? Hahaha i need bullets too. Joking haha

Malam je naik. Tomorrow morning suddenly red. Ayoyo. I is confused hahaha

Gold seem green at night.