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All Majors and Gold

  • #3,521
  • Mar 26, 2013 12:31pm Mar 26, 2013 12:31pm
Quoting mark_it
if the shorts kick-in I will move the SL to break even asap - these shorts are bigger than my very mini longs from earlier and I'm expecting a snap back from lower levels.
strong support keeps the price intact at 95/96 buyers like this area today
  • #3,522
  • Mar 26, 2013 12:58pm Mar 26, 2013 12:58pm
Not much action today...we'll see what emerges tomorrow.

Gold has been known to move very suddenly in the asian session, I would recommend double checking all stop losses if holding positions overnight.
  • #3,523
  • Mar 26, 2013 5:31pm Mar 26, 2013 5:31pm
good to see some buyers sitting at 99 level now.
  • #3,524
  • Mar 27, 2013 2:26am Mar 27, 2013 2:26am
buyers ?
you sure ?
  • #3,525
  • Mar 27, 2013 2:30am Mar 27, 2013 2:30am
Quoting openyoureyes
buyers ?
you sure ?
looks like it could possibly be buyers to me.... back to the opening gap, and back up...perhaps... just collecting some more for the trip up high
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2013-03-27 at 6.28.05 PM.png Size: 25 KB
  • #3,526
  • Mar 27, 2013 3:52am Mar 27, 2013 3:52am
Quoting openyoureyes
buyers ?
you sure ?
That was my interpretation... as it happened, during the begining of european session the gold got dumped but once again it is consolidting around 96 level where I saw (again interpretation) buyers sitting the whole day yesterday.. doesn't mean it wont go lower but 95/95 is the level of support for now (even though it spiked below)
  • #3,527
  • Mar 27, 2013 4:06am Mar 27, 2013 4:06am
here's a video for gold.....enjoy

http://www.forexfactory.com/showthre...63#post6550263
Wooooohooooo or Boooooohooooo
  • #3,528
  • Mar 27, 2013 4:28am Mar 27, 2013 4:28am
buyers are now there,
even now I see a bear chance =/

I'm long on XAG/USD 28,300 - 5 lots
  • #3,529
  • Mar 27, 2013 4:44am Mar 27, 2013 4:44am
Quoting openyoureyes
buyers are now there,
even now I see a bear chance =/

I'm long on XAG/USD 28,300 - 5 lots
One thing I really don't like about the gold is the Silver....it seems to me to be the weaker of the 2 but it pulls gold down with it.
  • #3,530
  • Edited 5:10am Mar 27, 2013 4:55am | Edited 5:10am
Quoting lexazver
One thing I really don't like about the gold is the Silver....it seems to me to be the weaker of the 2 but it pulls gold down with it.
Indeed silver has been the laggard, and this is never a healthy sign. If Gold and Silver are going to dip (Gold below 1589), this is the time to do it.

Short guns pitched below 1589 - but could snap back up from lower levels very quickly.
  • #3,531
  • Mar 27, 2013 5:15am Mar 27, 2013 5:15am
gold current 1594.30
1597 max retrace
short that until possibly 1587
Wooooohooooo or Boooooohooooo
  • #3,532
  • Mar 27, 2013 5:21am Mar 27, 2013 5:21am
Quoting gnomoneey
gold current 1594.30
1597 max retrace
short that until possibly 1587
my charts do also indicate a bounce from 1589.33 - but we shall see.
  • #3,533
  • Mar 27, 2013 5:45am Mar 27, 2013 5:45am
Quoting mark_it
Indeed silver has been the laggard, and this is never a healthy sign. If Gold and Silver are going to dip (Gold below 1589), this is the time to do it.

Short guns pitched below 1589 - but could snap back up from lower levels very quickly.
I've lowered my short entry to below 1587 - when counting waves I've found there is a $2/3 variance at wave end points, particularly in Gold.
  • #3,534
  • Mar 27, 2013 7:09am Mar 27, 2013 7:09am
Quoting gnomoneey
gold current 1594.30
1597 max retrace
short that until possibly 1587
where did you get that 97 level from? seems to be big volumes around there, buyers and sellers are fighting it out.
  • #3,535
  • Mar 27, 2013 7:24am Mar 27, 2013 7:24am
seller are sitting around 1600 by the looks of it.
  • #3,536
  • Mar 27, 2013 7:48am Mar 27, 2013 7:48am
1600 is daily pivot, round number and where sellers sit, kind of a tripple whammy, if we can clear that , should open doors to higher levels
  • #3,537
  • Mar 27, 2013 8:23am Mar 27, 2013 8:23am
Quoting lexazver
where did you get that 97 level from? seems to be big volumes around there, buyers and sellers are fighting it out.
my 1hr moving average/trend thingy.....
Wooooohooooo or Boooooohooooo
  • #3,538
  • Mar 27, 2013 8:25am Mar 27, 2013 8:25am
If Gold continues higher I have these targets:

1602.57
1609.51
1616.45
1620.75

I would love to see 1620, but there is alot of bearish sentiment out there.
  • #3,539
  • Mar 27, 2013 8:29am Mar 27, 2013 8:29am
gold 1598.3

i would sell right now for $5-$10 scalp.....
boooohoooo i was wrong....lets see what happens at hr candle change
Wooooohooooo or Boooooohooooo
  • #3,540
  • Mar 27, 2013 8:39am Mar 27, 2013 8:39am
Being month end, quarter end, & year end in Japan. USDJPY March downsloping channel in an uptrend pinpoints to a bullish flagpole that assigns a long term target @ 10200. Weakening the yen is the Japanese Policy to pressure china exports, and as such, dips are regarded as a “buy” no matter how squeezed longs to face
20 PIPs aday more than enough
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