11H·

I could use some help from the chart analysts here 🙏

Given the sharp drop in the price of gold, I’d like to buy 10k gold, 5k $EWG2 (+1,5 %) and 5k in physical form!

Where is the next support level? Or are we in free fall? Buy now or stay away?

Thanks in advance!

Wishing you all a wonderful day 🙂

17 Commentaires

Twizzi@Twizzi

11H

You can find more support on getquin under Help & Support 👌

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S.A.U.@SAUgut777

10H

@Twizzi It’s sad enough that you have to like your own posts, but you also think you’re really funny, don’t you? 🫣

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Twizzi@Twizzi

@SAUgut777 I think I'm pretty funny—you're right about that.

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S.A.U.@SAUgut777

@Twizzi If "da hat" shows up, "machen tun" is sure to follow, or 🤷🏻‍♂️

But you're right, you're really funny 🤣

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S.A.U.@SAUgut777

@Twizzi Well, at least you edited your post 👍🏻 ...and thanks for blogging 👋🏻😂

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Twizzi@Twizzi

@SAUgut777 I don't mean to be mean, but I don't want to surround myself with such negative people.

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Marvin.22b@Marvin22b

11H

If you're wondering where the next support level is, you've probably already hit it. ;) But it generally comes down to having a good eye for it. It's usually easy to spot.

No one can give you a serious answer on whether you should buy now or stay away. :)

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Basti92@BavarianLion

11H

@Marvin22b No, I was more wondering if we're heading toward a support zone right now? Or if one might have just been broken and we still have room to fall!

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Fabian W.@FabianWi

10H

$4,000 next support level

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Basti92@BavarianLion

10H

@FabianWi Thanks for the reply 👍

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Stocktective@Stocktective

10H

I’m no expert, but wouldn’t it be better to evaluate something like gold based on macroeconomic data? Gold = no cash flow

I’d say the current outlook is bad for gold:
- The Fed is leaning hawkish
- 10-year Treasury yields are rising again
- The jobs report was better than expected

The current outlook is good for gold:
- Central banks have accumulated a lot over the past few years
- Iran conflict

Inflation is about 50/50 right now; the market doesn’t seem too sure at the moment. So I’d probably wait and see if the worse-case scenario intensifies over the next few weeks—if so, the price could still fall.

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Basti92@BavarianLion

10H

@Stocktective I was actually also hoping to reach the 500g mark! I have 100g on Euwax2 and about 350g in stock! But I don’t want to just buy the missing 50g blindly when I know the price could drop significantly in the near future 😉

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Stocktective@Stocktective

10H

@BavarianLion Absolutely, I prefer to buy at a lower price too. That’s why I suggested taking a look at the factors that strongly influence the price of gold. In my opinion, it seems like it would be best to wait for now.

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jkb92@jkb92

10H

@Stocktective That would also fit the chart right now.

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jkb92@jkb92

10H

At current levels, we’re seeing slightly higher volume and prices around the low from late March. I’d just wait and see if the price stabilizes here. If not, we won’t see significant volume again until around 3,300. That doesn’t necessarily mean anything, but it’s a good benchmark to watch.

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Basti92@BavarianLion

10H

@jkb92 Thanks 👍

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GiCi@GiCi

Next support should be 4.000USD. If broken, some say 3.500

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