₦airaland Forum

Oil, gold and silver definitely to gap up at market open, Israel confirms that it plans to retaliate against Iran within 24 to 48 hours. some say that it's going to happen tonight but it has not been confirmed yet. either way this just heightens tension in the middle east again, more selling in the crypto space...

Fxwarrior:
Samfelly what is your uncle, Mr Powell saying about gold?

Arghhhhhhh, ogami, abeg make dat werey man no talk anything ooo, we neva cash out Israel Iran fight yet ooo, make im wait small b4 he open him mouth

Cashhy11:
I want to assume you didn't mean this part. If being right doesn't put money in ones account, then being wrong does what then? Fills the account up?

First of all, I speak from my own limited experience and perspective, and there are many times I have been right about the market and ended up losing trades or money in the end. there are also times that I didn't know what was going on or I wasn't sure about what was going to happen in the market but still had a profitable trade. the point I'm trying to make is that we can't always know what will happen in the future or in the markets with utmost certainty but either right or wrong we can always manage our risk appropriately, hence why I advocate for being adaptive with your analysis

I guess a better rendition of what I meant to say is that being right doesn't put money into ones account if you don't manage your risk appropriately. maybe you may agree with me on that sir...

To be honest mates, being right or wrong doesn't really matter, what matters is that one should always be adaptive in cases where your analysis turns out to be wrong. We are always trying to do the impossible in this market every day when we analyse our charts and that is predicting the future. being adaptive does help a lot in changing market conditions. whether gold's gaps up or not, I'm definitely going to be adaptive, if it fails to go up, then I'll accept I'm wrong and then follow it down to the next support zone which is 2320. cheers

PriceActionZ:
you are very funny oga. I beg no dey leave your trades over weekend if you are not a whale or shark or heavy investor. you way still dey struggle hard as a day trader, you wan trade gap or weekend sentiments? Na from experience college i dey advise so. Gap trading will ruin your account fast if care not taken. Why not wait for market to wake up to realities and study where to go first before entries? Brokers never give you spread of 120 pips or more before as the market resumes, and wipe your stops immediately? and they wont take the responsibilities? unless na demo you dey trade, its not advisable.
There will be lots of opportunities this coming week as we expect instabilities in the market due to war and rumors of wars.
na advice though, no offenz

No offense taken bossmi, I really appreciate you for cautioning me, and I fully understand what you've said. like I always say, I'm always ready to learn, I honestly don't have the time to fan my ego, nor try to prove my skills in this market, all I wanna do is learn and make money and then keep repeating the cycle for as long as I can. cheers

nzechu:
gold don ripe to fall sha.

Don't take this pin bar for granted

maybe or maybe not, but which ever way the markets go, I'm definitely following her along, I'm here to make money and not to be right all the time. being right doesn't put money into ones account... 😉

XAUTrader4L2:
U are expecting gold to gap up and be bullish because of the news of war but are u seeing what that news is doing to BeeTeeCee (crypto in general)? Somehow I expect the news to favour the US dollar(with looking at the structure) and weapons manufacturer's stocks.

I understand your point of view but do you know that the fundamentals that really affect commodities market are different from the crypto markets and don't forget that the commodities market is one of the oldest market in the world, they've been existing ever since b4 the creation of cryptocurrencies. things like supply and demand and geopolitics really does affect this market. ah don't know about crypto because they haven't been around for that long

yeee village pipu oooo, my data don finish, oga Sam abeg come sub me ooo, you know say nah you be my oga

Jameselias:
War News always happens on weekends always

I have always wondered why the western or developed world always wait for weekend before starting a conflict...

F1re:
c'mon bro, where's your empathy 😂😂

Braaa, ah dey sympathize with dem ooo at d same time dey use one eye dey look how ah wan cash out... las las we are traders not terrorist naw. 🤣🤣🤣

Oooo my God why ah no get money for my account nawwww, ah for just buy gold, silver and oil tomorrow as market dey open with my full chest....

😭😭😭😭😭😭😭


As it stands tension in the middle east has escalated, but the biggest fear is, will it turn to a world war because US is already involved in this conflict. I wonder if china and Russia would stay neutral and let the conflict die a natural death. pls I'm not a harbinger of doom neither am I peddling conspiracy theories, I'm just airing out my opinions, do take it with a pinch of salt....

Tohhhhhh, e don happen ooooooo
Iran don attack Israel oOoOO, stay tune as I give you updates

samfelly:
Share a link of the webinar if they made/recorded a video while it was on

Ogami see the link ooo;

https://video.genyt.net/OnALtKZfaxE

Omo d way ah dey pray make Iran strike Israel so that gold can gap up 2moro ehn 🙏, pls am not a bad pesin ooo, I'm just a greedy trader 🤣🤣🤣

this days my ear no fit hear war without thinking about gold.... 🏃🏿‍♂️🏃🏿‍♂️🏃🏿‍♂️

Morning folks, now an old wise sayings says that there's nothing new under sun according to Ecclesiastes 1:9, a Charles Dow says history does repeat itself.

Now my question is, is it going to happen on gold
Credit goes to an educational webinar I watched from capital hungry which opened my eyes to this on gold.

And please let's not sleep on silver tooo, she looks veryyyyy promising anddd also sexy tooo. 😜

Geovanni412:
Kindly explain why you think it gaps up.

It's all due to geopolitical tensions in the middle east which looks like it's about to spiral into a much bigger conflict and the US is likely to be involved in the conflict. because of that crude oil has been rallying steadily due to fears of oil supply cut should Israel and Iran go to war as the strait of Hormuz which borders Iran is an international shipping route from Asia into Europe and america. War in that region will disrupt oil supply which will definitely make oil to rally in price, this also feeds into the demand for gold as a safe haven during a crisis. As it's stand currently, Israel is expecting an attack from Iran which the US also confirms the threat. that's why I think gold might gap up at market open on Sunday. but I may be wrong though if the tension dies down, gold will definitely continue it's correction downwards...

samfelly:
To anyone who bought gold @ 2430, right now . . .

Borgandoffff 🤣🤣🤣

Gold crashing about 960 pips (almost 1000 pips) within a few hours is very unlikely, it really really smells fishy, which tells me only one thing if I'm right on it that the next bull run is going to be veryyyy savage...

Davigle:
gold entry was at 2355.82 SL 100 pips
silver at 28.182 20 pips

stops taken, I'm on the sidelines waiting with my limit order at 2330 on Gold

Davigle:
I just bought gold and silver at current price and I will be holding it till next week

I expect market to gap up on Sunday after market opens

gold entry was at 2355.82 SL 100 pips

silver at 28.182 20 pips

samfelly:
One question, do you often observe 4H candlestick when entering position?

Not really, but I do scan it from time to time

Davigle:
if the correction on Gold has really begun, then I don't see it going below 2360's or 2350's, that may likely happen on Monday due to US retail sales which should provide another opportunity to buy gold at a low price, middle east tension is escalating

looks like gold found support at 2350's

I just bought gold and silver at current price and I will be holding it till next week

I expect market to gap up on Sunday after market opens

there's more to this markets than what meets the eyes, imagine gold and DXY falling together, mmmm

if the correction on Gold has really begun, then I don't see it going below 2360's or 2350's, that may likely happen on Monday due to US retail sales which should provide another opportunity to buy gold at a low price, middle east tension is escalating

samfelly:
A big round of applause for this Uncle, Davigle. Geovanni412 come and interview this boss, sir

And so marked the beginning of Gold Sell till next week. Boss Gabsonfx2, are we doing it now?

Oga Sam, abeg no whine ma nipu naw, analysis wey ah no even chop Wella from sef, imagine, after resolving to stick with 1:2 RR gold decided to pepper me with 1:6 RR arrhghhhh 😭. I'm in sifia pains. wooo

Davigle:
tp smashed on US30, waiting for nasdaq to hit tp also

nasdaq to smashed also, done trading for today and for the week, ciao

Davigle:
UoM Consumer Sentiment data released poor
I'm selling nasdaq and US30 with 1:2 RR

tp smashed on US30, waiting for nasdaq to hit tp also

F1re:
Best trading week I've ever had so far, seems like it's more profitable to scalp Gold.

Shifu, I doff my hat for you, you are a legend 🙇

Are you a gold specialist, or you also trade other pairs

Davigle:
UoM Consumer Sentiment coming out by 3 pm, red folder event, market consensus is expecting a poor data release, should that happen gold likely to 2430..

Gold en route to 2430, and my tp was at 2405

😩😭😭😭

G30fx:
stop loss smashed but i re-enter another sell

bro why are you selling gold despite it being so strong, is there a reason why you are selling gold...

.

Davigle:
Gold tp smashed

jumped out of nasdaq and US30 with small profit and loss respectively, nasdaq and US30 might continue selling due to poor consumer sentiment

UoM Consumer Sentiment data released poor

I'm selling nasdaq and US30 with 1:2 RR