one comment I have about this - why didnt gold rise much higher when japan announced QE? their QE will be more than 1 trillion dollars, + given low NFP it extends FED QE for at least 1 month... i mean is that expectations of the future are reflected ...

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I think 41-43 could be on the cards for the double bottom, but havent seen confirmation for it so far.

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Here is the chart... Ill try my best at explaining.. In short it was a simple M- formation. Once the price broke through the yellow trend line my view skewed to the bearish side so then the price went down to something like 68 (as indicated by ...

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wow should have shorted this o_O

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its just the way it came down, it wasnt a straight line it was chopping down, so some people were buying dips while others were selling pullbacks... the market is not as straight forward now (of course it never is but right now im finding it ...

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if this next hour stages a substantial pullback then not all is lost, otherwise im very bearish... and by substantial i mean close of at least 77

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Cyprus to sell 400 mln euros worth of gold reserves to finance part of its bailout - troika documents - rtrs

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interestingly, gold sold off on the fed leak and then got bought and now the same happened with inventories....could it be the reversal once news is digested? although it still looks weak.. EDIT : And now it has formed a pattern that is likely to ...

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looks like fed minutes spoiled bull party

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looks like strong buyers came on that dip to 73 and they kept the price intact so far..

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is USDJPY setting up for that 100 break?

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fed minutes released early and took my stop with it ))

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hmmm, have bad feeling about this moved my stop to 75.5, will reevaluate if it gets triggered...

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as far as I see 83 is still a key level to break through in order to open path to higher prices.

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went long at 1577.2 stop at 70, may move 1 or 2 bucks down depending on the movement but for now seems like a good level for stop.

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goldman is really trying to push it down to convince more clients to sell ))

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strong buyers at 78 as far as i understand

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if we close this hour at or above 83, should see it go higher

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waiting for that 77 dip EDIT : or some kind of a signal - like 15min candle formation

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1580 is holding for now, some buyers jumped in but sellers are still preasuring, someone is selling into small pullbacks...... in any case the next support is at 76/77 which is 100 EMA on 1h chart. and then 1570 which is 100 SMA on 1h

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