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XAU/USD Spot Gold

  • #481
  • Aug 8, 2011 7:33am Aug 8, 2011 7:33am
Quoting USD-Bear
hope some more do, do not know forks theory, is the next solid one giving more support?
Forks give levels of likely support and resistance - the 20min one i showed earlier led me to lighten longs at 1716 - support could kick in around 1688/91 if 1700 gives way. I don't trade them "automatically" - I look to see how price responds at the lines of support and resistance that they imply.....if that makes sense

beeb
  • #482
  • Aug 8, 2011 7:34am Aug 8, 2011 7:34am
Quoting USD-Bear
hope some more do, do not know forks theory, is the next solid one giving more support?
What is Ur TP Target friend ?
MMMYYYKKK
  • #483
  • Aug 8, 2011 7:34am Aug 8, 2011 7:34am
Quoting USD-Bear
at least something
Beautiful chart btw, what platform?
Same as yours
Just the white skin instead of the midnight one.
  • #484
  • Aug 8, 2011 7:37am Aug 8, 2011 7:37am
you guys know if there is a silver thread anywhere, thanks, PTL...
Look Sharp/Trade Tight
  • #485
  • Edited 8:12am Aug 8, 2011 7:39am | Edited 8:12am
Quoting beeb
Forks give levels of likely support and resistance - the 20min one i showed earlier led me to lighten longs at 1716 - support could kick in around 1688/91 if 1700 gives way. I don't trade them "automatically" - I look to see how price responds at the lines of support and resistance that they imply.....if that makes sense

beeb
It does, thanks
Often apply a simulair approach with vertical levels on USDX while trading USD/EUR

edit: lol, horizontal levels I mean oc
Don't be a hero. Don't have an ego. Always question yourself
  • #486
  • Aug 8, 2011 7:40am Aug 8, 2011 7:40am
Quoting USD-Bear
It does, thanks
Often apply a simulair approach with vertical levels on USDX while trading USD/EUR

btw should have said am talking gc levels not spot...

beeb
  • #487
  • Aug 8, 2011 7:42am Aug 8, 2011 7:42am
Quoting myk
What is Ur TP Target friend ?
No idea, PA will tell, 1691 of interest, maybe fosking's level

ps could be BE though with this bastard......
Don't be a hero. Don't have an ego. Always question yourself
  • #488
  • Aug 8, 2011 7:46am Aug 8, 2011 7:46am
Quoting USD-Bear

ps could be BE though with this bastard......

nice..
Look Sharp/Trade Tight
  • #489
  • Aug 8, 2011 7:47am Aug 8, 2011 7:47am
Quoting PayTheLimit
you guys know if there is a silver thread anywhere, thanks, PTL...
don't think there is (here) ,at least an active one PTL
Don't be a hero. Don't have an ego. Always question yourself
  • #490
  • Aug 8, 2011 7:48am Aug 8, 2011 7:48am
Quoting USD-Bear
don't think there is, at least an active one PTL

thanks brother, was looking, but could not locate one, just wanted to make sure...
Look Sharp/Trade Tight
  • #491
  • Aug 8, 2011 7:55am Aug 8, 2011 7:55am
Quoting PayTheLimit
thanks brother, was looking, but could not locate one, just wanted to make sure...

there is xag/xau in commodities section but it is 95% gold

beeb
  • #492
  • Aug 8, 2011 7:55am Aug 8, 2011 7:55am
Quoting PayTheLimit
nice..
it's such a applicable term gracefully borrowed from You
Don't be a hero. Don't have an ego. Always question yourself
  • #493
  • Aug 8, 2011 10:20am Aug 8, 2011 10:20am
Quoting USD-Bear
Another try short @ 1706

Attachment
pfff, closed @ BE
Don't be a hero. Don't have an ego. Always question yourself
  • #494
  • Aug 8, 2011 10:42am Aug 8, 2011 10:42am
Further update on GC 20 min fork posted earlier:

http://www.screencast.com/t/1nM2TGvgs

red circle shows price found support above the ML of the fork, which I take as a bullish indicator in terms of the blue fork...

beeb
  • #495
  • Aug 8, 2011 11:41am Aug 8, 2011 11:41am
that sucks cheesy knobs

mind you, go figure, Obama is talking in a minute, his mouth ruins everything.

Quoting USD-Bear
pfff, closed @ BE
  • #496
  • Aug 8, 2011 11:45am Aug 8, 2011 11:45am
Quoting beeb
Further update on GC 20 min fork posted earlier:

http://www.screencast.com/t/1nM2TGvgs

red circle shows price found support above the ML of the fork, which I take as a bullish indicator in terms of the blue fork...

beeb
looks like it,
there is so much bull-bias involved that every argument to be found attracts buyers. In this case reaching weekly R1 @ 1692.40
Gold will be the most beautiful bear-run ever seen imo, question just is from what level R2 @ 1733?

Searching for next level.....
Don't be a hero. Don't have an ego. Always question yourself
  • #497
  • Aug 8, 2011 11:49am Aug 8, 2011 11:49am
Quoting USD-Bear
looks like it,
there is so much bull-bias involved that every argument to be found attracts buyers. In this case reaching weekly R1 @ 1692.40
Gold will be the most beautiful bear-run ever seen imo, question just is from what level R2 @ 1733?

Searching for next level.....

we agree to disagree

beeb

edit according to your profile you've been strongly bearish since 17th dec and 1425...ouch
  • #498
  • Aug 8, 2011 12:01pm Aug 8, 2011 12:01pm
Quoting beeb
we agree to disagree

beeb

edit according to your profile you've been strongly bearish since 17th dec and 1425...ouch
Why, you think it will run up forever?
On what exactly we disagree?

1425....ouch? No pain yet, from that level every sign of weakness is acted on, mostly leading to BE's sometimes catching some profits, sometimes catching some losses

At least I'm stating my thoughts before-hand.....
Don't be a hero. Don't have an ego. Always question yourself
  • #499
  • Aug 8, 2011 12:03pm Aug 8, 2011 12:03pm
Quoting SystemFX2011
right, but you're not supposed to trade it as soon as you seen the gap.. you need to see the right price action / candle analysis first before you do that.

if this doesn't break 1713.55 we'll see another test to the downside.

hmmm....what would be your price action, candle analysis then ?

i find it hard to believe gold has moved 50 points in a day, i mean this is just unheard of . its just gone bonkers..
  • #500
  • Aug 8, 2011 12:05pm Aug 8, 2011 12:05pm
Quoting beeb
there is xag/xau in commodities section but it is 95% gold

beeb

I might consider opening a silver thread up, but I want to gauge the level of interest, if there is any, otherwise I'll just be talking to myself, and I already do that in the euro trash thread.....bastards...
Look Sharp/Trade Tight
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