Gold Discussion

http://en.wikipedia.org/wiki/Quantitative_easing

Sorry....busy with job.

Here is a 4-hour chart. A clear breakout & close above the Red Resistance Line should open the path for 1450 at the very least.

I always include gold as a portfolio stabilizers, increasing its position as my portfolio grows. For a position hold and long term invest gold will be gold as long the sentiments towards gold in emerging countries remains.

The local Indian market itself will generate sizable interest. Over 33% of Indian middle class is growing their spending power. Gold will def get a chunck of it . Economic instability also leans in golds favor.

Owning some gold stocks I think is a good way to play the rallies aswell, benefit from the liquidity pump from helicopter ben, plus if inflation kicks in stocks will rally more.

Long from an IB on the daily, hows every one doing?

Look at the 4 hour chart on Gold
The candlestick break above the trendline. It is a opportunity to buy Gold.

http://img1.imagehyper.com/t/0/0/361...0-68ca14b3.gif

http://img1.imagehyper.com/t/0/0/362...8-8c7c12f4.gif

Did anybody have any idea on when to exit the trade?

Just add a trailing stop based on ATR if you aren't sure where to target your profit.

ab=cd harmonic pattern in gold chart in final and its a sign for down trend

also macd indicator is in reguler divergenc for correction in weekly time ..
relative stregnh index is in very critical position for buyers...

its so profitable to have short position in gold if you find any triger.

have good time

I trade GC Gold futures using a 233 tick as my timeframe. Notice the YG (mini Gold Futures) crosses on a 9 tick virtually at the same time.

Backtest it using a simple EMA of 89 and an SMA of 12. I backtests at least 100 signals before I implement a strategy. This time frame is working very well for me presently.

THE SIGNAL IS THE SIGNAL IS THE SIGNAL.

If you backtest your chosen market and timeframe and discover a positive expectancy why would you not trust your signals.

Good Luck!!

I would divide gold trading in the following components:

And about trading (my view):

1. DEMAND for Gold... INCREASING, Countries are piling up gold. ->(gold) UP (trend)
2. DOLLAR strength: INCREASING ->(gold) DOWN (trend)
3. ECONOMY in crisis? Doesn't seems so; it ussualy goes UP BEFORE the crysis, DOWN in crysis -> (gold) UP (trend)

Combining all the components above, it seems that the second reason (2.) (dollar strength) seems to be the leading force now, therefore down.
I am specialised in EURUSD trading and since someone mentioned in this Thread (#Post 2), Dollar and Gold are in inverse relations.
I personaly believe, based on my price prediction model that the EURUSD is in a downtrend for the next 3-6months.

Therefore my conclusion would be that the GOLD (priced in USD) will be in the downtrend for at least the same period.
So should I trade it, I would be in the SELL position. But would always love to have/buy some GOLD in my portfolio (forever), regardless the trend.