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  • #21,341
  • Jan 14, 2015 7:38am Jan 14, 2015 7:38am
any thoughts guys on pa now
  • #21,342
  • Jan 14, 2015 7:41am Jan 14, 2015 7:41am
  •  Kah
  • | Joined Jun 2012 | Status: Patience is the Key to Success! | 150 Posts
I think 1245 would hold and tht would cause anytime any news would cause the much needed damage. I would have wanted the price to fly like anything over the bad US data but it only went till 1240.

Let's see how it would go till mid day US.

Cheers,
KAH
  • #21,343
  • Jan 14, 2015 7:48am Jan 14, 2015 7:48am
1248-1250 would be nice, it's good to be on the sidelines.. this thing can go even higher but that is a serious point right there.
  • #21,344
  • Jan 14, 2015 7:49am Jan 14, 2015 7:49am
Gold doesn't want to head down, no matter what, and with euro at the lows and bouncing, Gold could follow way higher
COT: The precious data ignored
  • #21,345
  • Jan 14, 2015 7:51am Jan 14, 2015 7:51am
Quoting ClockTrader
IF a bottom out could occur on VVSA-M15, that maybe an op to test longs.. The hot data on way could give me what I'm seeking.. {image} {image}
I was expecting a bottom-out.. BUT, what we have here is a peak-out..
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  • #21,346
  • Jan 14, 2015 7:55am Jan 14, 2015 7:55am
Quoting Kah
I think 1245 would hold and tht would cause anytime any news would cause the much needed damage. I would have wanted the price to fly like anything over the bad US data but it only went till 1240. Let's see how it would go till mid day US. Cheers, KAH
You might like this.. its developing on H1 as well.. maybe little more room in North for Bulls..

But this peakout is a nice sign about whats gonna happen over the next 2 weeks..
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  • #21,347
  • Jan 14, 2015 7:56am Jan 14, 2015 7:56am
short punt at 1238 with tight stop at 1245
  • #21,348
  • Jan 14, 2015 8:02am Jan 14, 2015 8:02am
Took a long position at 1228 after see-ing a strong support at 1224 area. Now let's see how high can gold rally to. My first target is 1250. GL to everyone
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  • #21,349
  • Jan 14, 2015 8:03am Jan 14, 2015 8:03am
ClockTrader - what will happen in next 2 week in your opinion?
  • #21,350
  • Jan 14, 2015 8:03am Jan 14, 2015 8:03am
Quoting ckwong622
Took a long position at 1228 after see-ing a strong support at 1224 area. Now let's see how high can gold rally to. My first target is 1250. GL to everyone {image}
Good Trade.. You should share your trades timely.. maybe people here can benefit from you :-)
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  • #21,351
  • Jan 14, 2015 8:05am Jan 14, 2015 8:05am
with cooper and silver crashing - euro zone down - crude falling - the economic pciture doesnt look good, so i cant see any real demand on the gold side, the only picture is buy as safe hedge, this is likely if dollar starts falling, as dollar has been the main bet for capital of late and it still has legs, although yen gained strongly today

but apart from that why see gold up - surely we might see it dip along with everything esle thats falling?

i ask because im holding some uncomfortable shorts
  • #21,352
  • Jan 14, 2015 8:07am Jan 14, 2015 8:07am
  •  Kah
  • | Joined Jun 2012 | Status: Patience is the Key to Success! | 150 Posts
Quoting ClockTrader
{quote} You might like this.. its developing on H1 as well.. maybe little more room in North for Bulls.. But this peakout is a nice sign about whats gonna happen over the next 2 weeks.. {image}
True - there could be a little more movement in the North than what I am expecting but I am just following the overall trend, which is what eventually would pay me off. I would be patient add more positions on the key prices like 1248 and 1256 and then would hold till the plan materializes.

I am into other pairs to mitigate risk so would be comfortable with even a mad PA.

Cheers
  • #21,353
  • Jan 14, 2015 8:12am Jan 14, 2015 8:12am
Quoting ClockTrader
{quote} Good Trade.. You should share your trades timely.. maybe people here can benefit from you :-)
So you shorted this up move? I'm being stubborn and waiting for 1248-1250 area... but this definitely could be it here
  • #21,354
  • Jan 14, 2015 8:14am Jan 14, 2015 8:14am
Dam this is a really good short set up according to all technicals... especially volume, I don't know 1250 seems inevitable tho..
  • #21,355
  • Jan 14, 2015 8:16am Jan 14, 2015 8:16am
Quoting Ck87
{quote} So you shorted this up move? I'm being stubborn and waiting for 1248-1250 area... but this definitely could be it here
Certainly not.. I had not shorted this up-move..

But, testing shorts from ~1240 area now..
Hello World!
  • #21,356
  • Jan 14, 2015 8:16am Jan 14, 2015 8:16am
Quoting ClockTrader
{quote} Good Trade.. You should share your trades timely.. maybe people here can benefit from you :-)
Thanks dude. Will try to share more next time. Green pips to everyone here
  • #21,357
  • Jan 14, 2015 8:18am Jan 14, 2015 8:18am
  •  Kah
  • | Joined Jun 2012 | Status: Patience is the Key to Success! | 150 Posts
Quoting Ck87
Dam this is a really good short set up according to all technicals... especially volume, I don't know 1250 seems inevitable tho..
With USDX picking up sharply after so what bad US data - I am sure people must have realized that this time of the year which is in January it is considered to be a seasonal change, because of the Christmas. It was supposed to be bad.

Well I think the short setup is falling in place even for the longer term and could benefit if we hold a little more and don't get hasty to nullify our trades at or around 1200. Pickup more wait when the knife starts falling and then keep it with you till you get the final target.

Cheers
  • #21,358
  • Jan 14, 2015 8:18am Jan 14, 2015 8:18am
Quoting ClockTrader
{quote} Certainly not.. I had not shorted this up-move.. But, testing shorts from ~1240 area now..
Bad wording, meant short top area 1243 etc... this is a really tempting short, but mkt is so tricky and likes to do that final up move to trick everyone, this could have been it.... or we could have one last final plug up
  • #21,359
  • Jan 14, 2015 8:19am Jan 14, 2015 8:19am
Quoting Kah
{quote} With USDX picking up sharply after so what bad US data - I am sure people must have realized that this time of the year which is in January it is considered to be a seasonal change, because of the Christmas. It was supposed to be bad. Well I think the short setup is falling in place even for the longer term and could benefit if we hold a little more and don't get hasty to nullify our trades at or around 1200. Pickup more wait when the knife starts falling and then keep it with you till you get the final target. Cheers
Yes, gold has been difficult to trade lately, I would have made a lot of money if i had just stuck with USD longs and shorting crude oil, way more clear, strong trends, but gold will join the short club again sooner or later... till then I'm happy trading USD XXX Shorting EUR my personal favorite, as I expect parity over the next 2 years.
  • #21,360
  • Jan 14, 2015 8:23am Jan 14, 2015 8:23am
Yeah, that could be the final top right there.. Volume shows very bearish. hmmm, good luck all.
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