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  • #7,621
  • Apr 25, 2014 8:01am Apr 25, 2014 8:01am
Quoting waleed.khan
{quote} We might be getting a wick on the 1hrly chart!
1284 ??? sorry
  • #7,622
  • Apr 25, 2014 8:07am Apr 25, 2014 8:07am
Quoting elbert3
{quote} 1224 ???
LOL! well I see no reason why it shouldnt happen... But not too soon!

Next weeks nonfarm will determine that plus the deescalation of ukraine situation...

Untill then the trend is either up with retracements on the downside!

But the market is also trying to weigh in the bad housing numbers (which is the reason why the whole collapse had initially started) This makes investors kind of jittery...hence this might help keeping gold sustained and moving sideways... A lot depends on the nonfarm and the future housing numbers...
  • #7,623
  • Apr 25, 2014 8:10am Apr 25, 2014 8:10am
Quoting waleed.khan
{quote} LOL! well I see no reason why it shouldnt happen... But not too soon! Next weeks nonfarm will determine that plus the deescalation of ukraine situation... Untill then the trend is either up with retracements on the downside! But the market is also trying to weigh in the bad housing numbers (which is the reason why the whole collapse had initially started) This makes investors kind of jittery...hence this might help keeping gold sustained and moving sideways... A lot depends on the nonfarm and the future housing numbers...
Attached Image (click to enlarge)
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yes it seems were opening a channel to target 1315 all the tecs pointing up for now so lots of places to trade off
  • #7,624
  • Apr 25, 2014 8:11am Apr 25, 2014 8:11am
Quoting elbert3
{quote} 1284 ??? sorry
Yes that should be target I suppose as its a fib retracement level! Gl!

What is more dangerous is that 1300 was the 50% retracement level for the 1328 top! Hence the market could go a lot lower next week if 1302 resists! maybe even 1224?! we have to wait and see...

The market can still reverse though! BY london close we will see a better picture!
  • #7,625
  • Apr 25, 2014 8:14am Apr 25, 2014 8:14am
Quoting waleed.khan
{quote} Yes that should be target I suppose as its a fib retracement level! Gl! What is more dangerous is that 1300 was the 50% retracement level for the 1328 top! Hence the market could go a lot lower next week if 1302 resists! maybe even 1224?! we have to wait and see... The market can still reverse though! BY london close we will see a better picture!
if it hold my first target 1315
  • #7,626
  • Apr 25, 2014 8:18am Apr 25, 2014 8:18am
Quoting elbert3
{quote} if it hold my first target 1315

  • #7,627
  • Apr 25, 2014 8:30am Apr 25, 2014 8:30am
Quoting elbert3
{quote} if it hold my first target 1315
I think the longer term trendline from 1392 is at 1306 level right now! If the market breaks and holds those levels by the end of the day we are probably going to be officially in a new bull run!

So yeah 1310-15-20-30 etc are all plausible depending on your time frame targets!
  • #7,628
  • Apr 25, 2014 8:36am Apr 25, 2014 8:36am
Quoting waleed.khan
{quote} I think the longer term trendline from 1392 is at 1306 level right now! If the market breaks and holds those levels by the end of the day we are probably going to be officially in a new bull run! So yeah 1310-15-20-30 etc are all plausible depending on your time frame targets!
if we get a sudden spike to 1307 today sell it ,to 1295 a have put a sell order there for today only
  • #7,629
  • Apr 25, 2014 8:44am Apr 25, 2014 8:44am
I think the candle now is making a confirmation of break of sma 100 200 300 400 in H1 H4 and D1 TF ~ If could stay above 1300 price may go up~ just my opinion~
  • #7,630
  • Apr 25, 2014 8:56am Apr 25, 2014 8:56am
Quoting elbert3
{quote} if we get a sudden spike to 1307 today sell it ,to 1295 a have put a sell order there for today only
There might be a head and shoulder on the 5 min chart...

Maybe we are going down?! depends on the close of the 1 hrly and 4hr candle!

*Nope False*

The 200 sma on the daily is the thing to beat now! That being said amazing candle on the 4hr chart
  • #7,631
  • Apr 25, 2014 9:08am Apr 25, 2014 9:08am
Quoting waleed.khan
{quote} There might be a head and shoulder on the 5 min chart... Maybe we are going down?! depends on the close of the 1 hrly and 4hr candle! *Nope False* The 200 sma on the daily is the thing to beat now! That being said amazing candle on the 4hr chart
Should have push through the SMA300 in 1H chart!! Omg... Push baby~ push!! hahaha~~~~
  • #7,632
  • Apr 25, 2014 9:12am Apr 25, 2014 9:12am
Quoting blacksnake
{quote} Should have push through the SMA300 in 1H chart!! Omg... Push baby~ push!! hahaha~~~~
She heard u!!!
  • #7,633
  • Apr 25, 2014 9:14am Apr 25, 2014 9:14am
Quoting Dingodavo
{quote} She heard u!!!
waiting confirmation of this candle~~ hope every one making green pips 2day~~ nice weekend all...
  • #7,634
  • Apr 25, 2014 9:16am Apr 25, 2014 9:16am
Quoting elbert3
{quote} if we get a sudden spike to 1307 today sell it ,to 1295 a have put a sell order there for today only
Yeah sounds good... the market has to retrace at some point; 1307/8 should be good i suppose!
  • #7,635
  • Apr 25, 2014 9:25am Apr 25, 2014 9:25am
http://www.fxstreet.com/news/forex-n...c-f0d9b6f37ed1 reading for you
  • #7,636
  • Apr 25, 2014 9:29am Apr 25, 2014 9:29am
Quoting waleed.khan
{quote} Yeah sounds good... the market has to retrace at some point; 1307/8 should be good i suppose!
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  • #7,637
  • Apr 25, 2014 9:38am Apr 25, 2014 9:38am
Spot Gold Daily

Technical pattern DB play
Tension in Ukraine

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  • #7,638
  • Apr 25, 2014 9:39am Apr 25, 2014 9:39am
Quoting elbert3
http://www.fxstreet.com/news/forex-n...c-f0d9b6f37ed1 reading for you
Adam button is an interesting commentator; i think in his analysis yesterday he said that the uptrend is in place... he though expects the price to hit 1400...which I find quiet amusing... But lets see; I hope he is right!

I really want to find a good swing trade/ "trade with trend" and hold in gold type of trade! something that has been impossible to do lately!

I would wait for a candle that would guide me for a retracement...rather than just tp at 1307. Although the time is near because there have been 4 candles in the green on the 4 hr chart; and usually the market retraces after 4 or 5 candles on the 4hr chart!

So lets see... I have my sl at 1290! I'm gonna hold my position until then! GL to you
  • #7,639
  • Apr 25, 2014 9:40am Apr 25, 2014 9:40am
Quoting rattyo
{quote} With FXRAT here yo help you out stinker days like that Should become a thing of the past
I had some losses today, its been rough lately :-(

I was not trading in any demo accounts today, lolz, funny.

Wish you all a great weekend!
Hello World!
  • #7,640
  • Apr 25, 2014 9:42am Apr 25, 2014 9:42am
Quoting waleed.khan
{quote} Yes i was thinking the same.. WMD? "World media?, World Mass D****, War mass destruction?? I give up? hehe
we r talking Russia and good old USA. Do I need to say more. I was trying to limit buy at better price but no luck. welldone long holders of gold. I am running dow short. excepting a few hundred points.
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