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  • #25,561
  • May 13, 2015 9:28am May 13, 2015 9:28am
Quoting manosk
hope for the bears at this level of XAU 1213s
@ 1216

won't be surprised if it touches 1220+ by 12pm NY
Hello World!
  • #25,562
  • May 13, 2015 9:33am May 13, 2015 9:33am
Quoting ClockTrader
{quote} @ 1216 won't be surprised if it touches 1220+ by 12pm NY
last hurdle for XAU today 1218.35. If it closes above that....I am sorry for the bears
"Bulls make money, bears make money, pigs get slaughtered"
  • #25,563
  • May 13, 2015 9:46am May 13, 2015 9:46am
Quoting manosk
{quote} last hurdle for XAU today 1218.35. If it closes above that....I am sorry for the bears

Cautious low risk short from 1215.
"The market can remain irrational longer than you can remain solvent"
  • #25,564
  • May 13, 2015 10:19am May 13, 2015 10:19am
Quoting anton.olff
{quote} Cautious low risk short from 1215.
personal opinion: I dont think it will go below 1213 in the next hour. If it does and closes there, you can short it nicely.
"Bulls make money, bears make money, pigs get slaughtered"
  • #25,565
  • May 13, 2015 10:19am May 13, 2015 10:19am
Quoting SkyzerFX
900$ Target pipe smokers get smoked again Keep shorting.
1-2 weeks ago you as firmly as now was saying gold is going for 2000$ now you went to the other pole...
  • #25,566
  • May 13, 2015 10:49am May 13, 2015 10:49am
I'm gonna call it a day.. quite a storm out of no where.. I never saw Bulls coming so thirsty for the blood of bears.

Only good part I got to share is that MTBO triggers saved my ass today.. I had been so desperate to sell.. even @ 1195.. and I did several times.. but, closed timely.. and here we are today.. @ 1215

I expect price to go sideways for a while.. for a day or two.. let's see..

I hereby suggest everyone to do back-studies before you implement your strategy.. thus, be sure about what you are doing.. it can be boring, but, it's worth..

Trade light and safe and have a good one you all..
Hello World!
  • #25,567
  • May 13, 2015 11:20am May 13, 2015 11:20am
Quoting manosk
{quote} personal opinion: I dont think it will go below 1213 in the next hour. If it does and closes there, you can short it nicely.
You might be right. I am looking at a longer time horizon.
"The market can remain irrational longer than you can remain solvent"
  • #25,568
  • Edited May 14, 2015 3:17am May 13, 2015 12:23pm | Edited May 14, 2015 3:17am
Quoting manosk
{quote} personal opinion: I dont think it will go below 1213 in the next hour. If it does and closes there, you can short it nicely.
It didn't close below 1213, any idea how far it may go?
USDX is probably going further south
  • #25,569
  • May 13, 2015 12:33pm May 13, 2015 12:33pm
Quoting Karpa
{quote} It didn't close bellow 1213, any idea how far it may go? USDX is probably going further south
if it doesnt stop here and it closes today above 1218.5 then next stop is 1238. There are a few hurdles after that. But as you pointed out USDX is key. If USDX it continues to go south and now that it broke 94 there is some way to go, then we can see XAU/XAG quite high.
"Bulls make money, bears make money, pigs get slaughtered"
  • #25,570
  • May 13, 2015 12:35pm May 13, 2015 12:35pm
Quoting manosk
{quote} personal opinion: I dont think it will go below 1213 in the next hour. If it does and closes there, you can short it nicely.

If it would go to 1213 why it could be a nice short? I meant what is your insight of shorting it when we all can see gold have a strong breakout? curious....
  • #25,571
  • May 13, 2015 12:41pm May 13, 2015 12:41pm
Quoting manosk
{quote} if it doesnt stop here and it closes today above 1218.5 then next stop is 1238. There are a few hurdles after that. But as you pointed out USDX is key. If USDX it continues to go south and now that it broke 94 there is some way to go, then we can see XAU/XAG quite high.
I have yearly pivot at 1235.88 and I'm looking at 1223, it has been rejected 3 times this year
Do you mind sharing the logic behind level 1238, thanks
  • #25,572
  • May 14, 2015 1:54am May 14, 2015 1:54am
With the break of descending trend-line resistance, the gold prices are likely to re-test 1225 mark.
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  • #25,573
  • May 14, 2015 2:40am May 14, 2015 2:40am
big hurdle to the upside for XAU 200 DMA, 1217.89
"Bulls make money, bears make money, pigs get slaughtered"
  • #25,574
  • May 14, 2015 4:30am May 14, 2015 4:30am
if 1205 happens its going to be the lowest price we will see for a very very long time imo, watch out for bear traps.
  • #25,575
  • May 14, 2015 5:37am May 14, 2015 5:37am
Quoting alayinizAMK
if 1205 happens its going to be the lowest price we will see for a very very long time imo, watch out for bear traps.
Agreed, unless Draghi drops some bomb today...
"Bulls make money, bears make money, pigs get slaughtered"
  • #25,576
  • May 14, 2015 5:52am May 14, 2015 5:52am
Quoting manosk
{quote} Agreed, unless Draghi drops some bomb today...
I only see FF calendar showing this event? Its holiday in some parts of Europe today so maybe Mario dropping at home
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  • #25,577
  • May 14, 2015 5:56am May 14, 2015 5:56am
Quoting manosk
{quote} Agreed, unless Draghi drops some bomb today...
Due to speak at the 2015 Michel Camdessus Central Banking Lecture held by the International Monetary Fund, in Washington DC;..
so thats why?
  • #25,578
  • May 14, 2015 6:05am May 14, 2015 6:05am
Quoting alayinizAMK
{quote} Due to speak at the 2015 Michel Camdessus Central Banking Lecture held by the International Monetary Fund, in Washington DC;.. so thats why?
Yes, I often find that at the most obscure places they say the most important things. So I just want to be on the safe side.
"Bulls make money, bears make money, pigs get slaughtered"
  • #25,579
  • May 14, 2015 8:06am May 14, 2015 8:06am
Should see another test of 1140 soon, probably next month, keep shorting for a guaranteed smash down on rate hike

$800 target end of year.
  • #25,580
  • May 14, 2015 9:00am May 14, 2015 9:00am
1222 TRIPLE TOP just got BROKEN

Next resistance is around 1300, see you there,

$900 hunters LOL
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