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GoldenEuro Cross (XAU/EUR) GoldenAussi Cross (XAU/AUD) 51 replies
Gold futures & XAU 77 replies
Daytrade - XAU/USD & XAG/USD 14 replies
XAU/JPY & XAG/JPY 13 replies
Successful XAU/USD traders 7 replies
Disliked{quote} Target 1317 with a trade taken at what level - and after this close I just posted, with clearly no significant profit taking today, Even if you shorted 1350 I would have AT BEST a target of 1333. Likewise I do not see 1317 by any means next week... Just my view. -----------------------------------------------------------------------------------Ignored
Disliked{quote} I am interested to know what these \"Targets\" are. Could you please explain them to me in as simple a way as possible? All I can see is what the market tells me it is doing and has done. I am yet to discover a way of predicting the future in the markets. To this end I do not subscribe to the idea that we can tell the fortunes or futures of any market with any degree of amazing accuracy. All day I have been reaiding stories about the market's targets that are way below what it is actually trading at and I cannot fathom why anyone would say,...Ignored
Disliked{quote} I'm pretty sure it will go up today.A buy stop 1345 would do the job targeting 1366 .For the retrace we need to wait the new week I guess.Would be around 1323.Ignored
Disliked{quote} OK. Perhaps I should qualify my post. IF price does not exceed 1357 & returns to 1340 I expect a small pull back at that level, then a continuation down to 1317. This would be a perfect set for me to then target 1400. Price never goes in a straight line. Retracements are a necessary evil of trading.Ignored
Disliked{quote} Here you go.You can learn more at trading made simple thread.They dont use much ma but it is ok.Trading 4h charts are easier and bring pips ! {image}Ignored
Quoting Debbie CarlsonDislikedTraders who follow technical charts and those who watch fundamental factors both have something to monitor next week in the gold market, as gold trades around the pivotal $1,350-an-ounce area ahead of a Federal Open Market Committee two-day meeting.
Gold prices rallied this week, supported by a weaker dollar. December gold futures prices on Thursday settled a hair above $1,350, and on Friday managed to shrug off earlier losses to add to a second day of settlements north of $1,350.Ignored
December gold futures rose Friday, settling at $1,352.50 an ounce on the Comex division of the New York Mercantile Exchange, up 2.9% on the week. December silver fell Friday, settling at $22.639 an ounce, but up 3.3% on the week.
In the Kitco News Gold Survey, out of 34 participants, 26 responded this week. Of these, 20 see prices up, while five see prices down and one sees prices sideways. Market participants include bullion dealers, investment banks, futures traders and technical-chart analysts.
DislikedMETALS OUTLOOK: Gold Traders Watching $1,350/Oz Level, FOMC For Next Week's Action {quote} December gold futures rose Friday, settling at $1,352.50 an ounce on the Comex division of the New York Mercantile Exchange, up 2.9% on the week. December silver fell Friday, settling at $22.639 an ounce, but up 3.3% on the week. In the Kitco News [url=http://www.kitco.com/news/2013-10-25/Higher-Prices-Expected-Next-Week-By-Survey-Participants.html]Gold...Ignored
DislikedHi XTrade, I basically use the same technical analysis tools as you mentioned.. and as all economic indicators have already been priced in, news will act as an explosive . Btw, please find below my short term view of GOLD and USDX. {image} {image}Ignored