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Only Gold!

  • #21,681
  • Jan 20, 2015 3:52pm Jan 20, 2015 3:52pm
Quoting Pawel.Gawron
I'm from Poland. Since few days, there is rise in russia activity, near Ukraine border line. Few hours ago our media tell us, that russian army cross today border line with ukraine. War = gold rise. I hope it's false alarm and I'm wrong.
indeed for the sake of humanity,
i prefer that gold falls!

ReAl MoDe: ON
  • #21,682
  • Jan 20, 2015 4:03pm Jan 20, 2015 4:03pm
Usa needs war... UK needs war... France needs war... They have so many weapons to sell...
  • #21,683
  • Jan 20, 2015 4:46pm Jan 20, 2015 4:46pm
So much hype on crisis coming....... I'm willing to bet nothing comes of it and the US mkt rallies to new highs/ gold sells off hard.
  • #21,684
  • Jan 20, 2015 6:57pm Jan 20, 2015 6:57pm
Quoting draghiquinn
ONE QUESTION TO THE PEOPLE WHO THINK SHORT: do you see any bear on the chart? Any sign which make you think SHORT?
It is a common pitfall that people trade just because they want gold to go to the direction they think it is. As a trader, I think we should just follow what we see in the chart and follow the trend instead. Try to take a step back and look at the bigger picture. People do mistakes all the time but we need to realize our mistakes before getting too deep.
  • #21,685
  • Jan 20, 2015 8:33pm Jan 20, 2015 8:33pm
Gold is moving in anticipation of crisis and/or uncertainties. When people talk about crisis it does not have to be end of the world type (Apocalyptic) crisis. There is enough uncertainties right now in Europe and Asia slowing makes people go for safe heavens like treasury bonds and gold.
Quoting Ck87
So much hype on crisis coming....... I'm willing to bet nothing comes of it and the US mkt rallies to new highs/ gold sells off hard.
  • #21,686
  • Jan 20, 2015 9:12pm Jan 20, 2015 9:12pm
Quoting berda
Hi All, I've already short at 1276.00, TP 1270.93. Let's see.. Green pips to all. amen.. {image}
Hi Guys, after my TP failed now I'm long at 1293.67 targeting 1300.99. Bear is not showing yet..
Green pips to all.. amen..
Attached Image (click to enlarge)
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  • #21,687
  • Jan 20, 2015 9:28pm Jan 20, 2015 9:28pm
Quoting Ck87
As someone expecting a big down move coming soon.. I love to see bullish %% going higher as price goes higher....... Closer to a big top ... I'm sure they'll go for the 1300 stops sooner or later. {image}
Thanks for these IG inputs.. is such data public? or for their clients only?

Plz keep sharing.. This data has been right many times before.. OR is it always right?
Hello World!
  • #21,688
  • Jan 20, 2015 9:30pm Jan 20, 2015 9:30pm
Quoting draghiquinn
Just dont get it - dollar index is going up and gold is going up as well. Strange
Other pairs like Eur/Copper/Crude 've been weak..
Hello World!
  • #21,689
  • Jan 20, 2015 9:31pm Jan 20, 2015 9:31pm
Quoting Pawel.Gawron
I'm from Poland. Since few days, there is rise in russia activity, near Ukraine border line. Few hours ago our media tell us, that russian army cross today border line with ukraine. War = gold rise. I hope it's false alarm and I'm wrong.
Few days back the Russians cut Gas supply to Euro.. Something could be cooking..
Hello World!
  • #21,690
  • Jan 20, 2015 9:32pm Jan 20, 2015 9:32pm
Quoting ClockTrader
{quote} Thanks for these IG inputs.. is such data public? or for their clients only? Plz keep sharing.. This data has been right many times before.. OR is it always right?
http://www.ig.com/sg/ig-commodities/gold

the link is above
  • #21,691
  • Jan 20, 2015 9:32pm Jan 20, 2015 9:32pm
Quoting berda
{quote} Hi Guys, after my TP failed now I'm long at 1293.67 targeting 1300.99. Bear is not showing yet.. Green pips to all.. amen.. {image}
Looks like a good setup to me..
Hello World!
  • #21,692
  • Jan 20, 2015 9:38pm Jan 20, 2015 9:38pm
Quoting ClockTrader
{quote} Thanks for these IG inputs.. is such data public? or for their clients only? Plz keep sharing.. This data has been right many times before.. OR is it always right?
It's public.... and as far as when is it right/wrong ... it always depends. Over 70%-80% have been long gold now for a long, long time. Usually when 80% are on one side they are pretty much always wrong until the top/bottom comes, and then you see the # go back toward 50% or toward the other extreme side of 80/20. For example with Crude oil, 80% were short as it rallied toward 107.50... then all of the sudden it started dropping below 70% and we saw crude fall... then around $100-95 all of the sudden people were net long crude, and at 90 70-80% were long crude.... and it crashed. With the s&p 500 75-80% have been short for years as it rallied to new highs consistently, more recently it went to 50% and even net longs for s&p, hence the weakness we've been seeing.

If we actually see 80% long gold that would be a great sign..... but I tend to think gold will stay in this extreme of 70-80% long for years to come, until (imo) we go below 1k toward 900-800 and bottom out.

http://www.ig.com/uk/market-data
  • #21,693
  • Jan 20, 2015 9:39pm Jan 20, 2015 9:39pm
Price close below 555 SMA on Daily chart yesterday.

Let see if the price reverse downwards for today candle.

MACD Bear Divergence is getting clearer on H1 and H4, lets see if it work out fine

15mins chart is forming new high but MACD is dropping on each high.
  • #21,694
  • Jan 20, 2015 9:40pm Jan 20, 2015 9:40pm
Quoting berda
{quote} Hi Guys, after my TP failed now I'm long at 1293.67 targeting 1300.99. Bear is not showing yet.. Green pips to all.. amen.. {image}
Good luck, definitely think 1300 will get hit, possibly up to 1320-1340 before this short term bull run is over.... who really knows.
  • #21,695
  • Jan 20, 2015 9:51pm Jan 20, 2015 9:51pm
Quoting ClockTrader
{quote} Thanks for these IG inputs.. is such data public? or for their clients only? Plz keep sharing.. This data has been right many times before.. OR is it always right?
The most obvious one was EUR/CHF... 90%+ were long on Oanda for such a long time... and every time a central bank has put in a floor / ceiling the market always forces it off. That was a great opportunity missed.
  • #21,696
  • Jan 20, 2015 10:20pm Jan 20, 2015 10:20pm
Quoting actorial
Price close below 555 SMA on Daily chart yesterday. Let see if the price reverse downwards for today candle. MACD Bear Divergence is getting clearer on H1 and H4, lets see if it work out fine 15mins chart is forming new high but MACD is dropping on each high.
lets see......
Attached Image (click to enlarge)
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  • #21,697
  • Jan 20, 2015 11:01pm Jan 20, 2015 11:01pm
Next stop is clearly 1306...
  • #21,698
  • Jan 20, 2015 11:19pm Jan 20, 2015 11:19pm
Thanks again for the inputs..

Quoting Ck87
{quote} It's public.... and as far as when is it right/wrong ... it always depends. Over 70%-80% have been long gold now for a long, long time. Usually when 80% are on one side they are pretty much always wrong until the top/bottom comes, and then you see the # go back toward 50% or toward the other extreme side of 80/20. For example with Crude oil, 80% were short as it rallied toward 107.50... then all of the sudden it started dropping below 70% and we saw crude fall... then around $100-95 all of the sudden people were net long crude, and at 90...
Hello World!
  • #21,699
  • Jan 20, 2015 11:37pm Jan 20, 2015 11:37pm
weekly R1 is 1301.21, just hit it
  • #21,700
  • Jan 20, 2015 11:39pm Jan 20, 2015 11:39pm
Quoting berda
{quote} Hi Guys, after my TP failed now I'm long at 1293.67 targeting 1300.99. Bear is not showing yet.. Green pips to all.. amen.. {image}
Hi All, I'm out at 1300.02, manually take profit... better profit than not at all..
Green pips to all. amen..
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