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  • #8,821
  • May 19, 2014 4:35am May 19, 2014 4:35am
Quoting frietzak
{quote} Hi Vrshaiju, I am still learning your way of graph structure. Do I understand correctly that you expect gold to first drop to ~ 1260 after which it will rise $100 - $200 again? Best regards, Frietzak
Yes.. Gold 1st drop and move higher. Wait for FOMC meeting minutes releasing on Wednesday
Thathwamasi
  • #8,822
  • May 19, 2014 4:39am May 19, 2014 4:39am
Quoting acidguy
first trade of the week {image} it can rise a little bit more to $1303.50 , but confident in the right direction tp $1285, of course trading must be flexible, depending on price action position could be closed earlier. {image}
This may help you

https://www.tradingview.com/x/3P8jP40V/
Thathwamasi
  • #8,823
  • May 19, 2014 4:41am May 19, 2014 4:41am
Quoting vrshaiju
{quote} You just saw a piece of the fish...... ! You didn't see the complete analysis yet. You said gold will fall any month in 2015.. What do you do the whole year 2014? I have been successfully trading gold since 2011, where every one targeting 2000$ and $3000 for gold but I was targeting $600. Could you agree with the target $600?? The following image is just my analysis before the last trading week.. follow the link http://www.earnfromfx.com/media/gold-last-week-recap
Your trades showed -76.6%
  • #8,824
  • May 19, 2014 4:55am May 19, 2014 4:55am
Quoting stylinex
{quote} Your trades showed -76.6%
I hope you know what is todays date.... I left alpari an year and half back.. with complete withdrawal. There is no trade account is associated with my profile
Thathwamasi
  • #8,825
  • May 19, 2014 6:07am May 19, 2014 6:07am
@ 1302, another few $ up and most likely it'll continue to climb during US session.
Hello World!
  • #8,826
  • May 19, 2014 6:24am May 19, 2014 6:24am
Quoting ClockTrader
@ 1302, another few $ up and most likely it'll continue to climb during US session.
@ 1302, this needs to climb a few $s up for the US session to remain bullish.

IF it does not, this would look exhaust to me, a peak @ NY morning could turn out a peak of the day - key hr thing.
Hello World!
  • #8,827
  • May 19, 2014 6:46am May 19, 2014 6:46am
Quoting ClockTrader
{quote} @ 1302, this needs to climb a few $s up for the US session to remain bullish. IF it does not, this would look exhaust to me, a peak @ NY morning could turn out a peak of the day - key hr thing.
Solid support around 1297-98, if that breaks in current US session, this was a Bull trap.
Hello World!
  • #8,828
  • May 19, 2014 6:53am May 19, 2014 6:53am
Quoting ClockTrader
{quote} Solid support around 1297-98, if that breaks in current US session, this was a Bull trap.
We reached todays high.. I feel US session can move upto 1304. Market fear about FOMC which will not take the price higher today. We should start turn from Wednesday.
Thathwamasi
  • #8,829
  • May 19, 2014 6:55am May 19, 2014 6:55am
could this be a head and shoulders on 30 mins???
Attached Image (click to enlarge)
Click to Enlarge Name: possible head and shldrs 30 min.png Size: 234 KB
  • #8,830
  • May 19, 2014 7:07am May 19, 2014 7:07am
Quoting msh310
could this be a head and shoulders on 30 mins??? {image}
I see H&S on 4h too! very beautiful one!
  • #8,831
  • May 19, 2014 7:26am May 19, 2014 7:26am
It just happened, it hit @ 1304!
  • #8,832
  • May 19, 2014 7:30am May 19, 2014 7:30am
Oh What a beautiful morning!

Come on now take off and close above the 50 sma...

*it seems like the dollar index is going to have a bearish leg this next few days...*
  • #8,833
  • May 19, 2014 7:35am May 19, 2014 7:35am
I am wondering how much if any effect the Chinese military build up on the Vietnamese border is having on the small uprun happening right now.

We all know that Gold loves Geo-military tensions.


http://www.theepochtimes.com/n3/6829...ietnam-border/
  • #8,834
  • May 19, 2014 7:37am May 19, 2014 7:37am
Quoting ClockTrader
{quote} Solid support around 1297-98, if that breaks in current US session, this was a Bull trap.
Quoting ClockTrader
{quote} @ 1302, this needs to climb a few $s up for the US session to remain bullish. IF it does not, this would look exhaust to me, a peak @ NY morning could turn out a peak of the day - key hr thing.
Solid support @ 1297-98 has sustained, flew few $s above 1302 too, remainder US session to remain positive.

NY morning top didn't qualify to stop the bulls today.
Hello World!
  • #8,835
  • May 19, 2014 7:42am May 19, 2014 7:42am
Quoting ClockTrader
{quote} {quote} Solid support @ 1297-98 has sustained, flew few $s above 1302 too, remainder US session to remain positive. NY morning top didn't qualify to stop the bulls today.
I've been reading your posts for a couple weeks now, just subscribed to you!

I love your tips and explanations, I am just not.. still familiar with terms.
  • #8,836
  • May 19, 2014 7:42am May 19, 2014 7:42am
Quoting ClockTrader
{quote} {quote} Solid support @ 1297-98 has sustained, flew few $s above 1302 too, remainder US session to remain positive. NY morning top didn't qualify to stop the bulls today.
Lets hope it closes above its last high atleast today... It has been to vulnerable at these areas... (but I do think there is a new spring to PA) just notice the daily volumes they have increased dramatically... if anything lets hope for more volatility; rather than the all so familiar 5 dollar moves that we have been seeing the past month or so)
  • #8,837
  • May 19, 2014 7:45am May 19, 2014 7:45am
Quoting ClockTrader
{quote} The new Govt is extremely business friendly, loved by corporates of India. Relaxations on Gold imports is a matter of tax evasion and to some extent related with smuggling. I think its too early to say, but, new Govt could possibly relax some restrictions.
Tax evasion and smuggling...hmm... Is it because with the restrictions a few high ups can control the supply side of the market??

Yes the new govt does seem extremely business friendly; look at the rupeee and the nifty they have just taken off.. ( I really hope they will be able to deliver to the expectations...
  • #8,838
  • May 19, 2014 7:59am May 19, 2014 7:59am
Quoting Dafonz
I am wondering how much if any effect the Chinese military build up on the Vietnamese border is having on the small uprun happening right now. We all know that Gold loves Geo-military tensions. http://www.theepochtimes.com/n3/6829...ietnam-border/
Didn't you also hear that Japan is increasing military spending from now on... http://www.sbs.com.au/news/article/2...-military-role

If Abenomics doesn't work (there is always the old fashioned war route that can pick the economy up)
  • #8,839
  • May 19, 2014 8:05am May 19, 2014 8:05am
Quoting waleed.khan
{quote} Tax evasion and smuggling...hmm... Is it because with the restrictions a few high ups can control the supply side of the market?? Yes the new govt does seem extremely business friendly; look at the rupeee and the nifty they have just taken off.. ( I really hope they will be able to deliver to the expectations...
Yea, Indians are one of the top spenders as tourists after Singaporeans according to one study (in Asia), on top of this each time they (we) go abroad, they would come back wearing loads of Golden ornaments, on the contrary more than half of the population here lives below poverty line.

Gujarat is the place where this new head of India comes from, if he can propel India's GDP like Gujarat, India would easily outperform China, Malaysia, Singapore or any fast growing economy in the world.
Hello World!
  • #8,840
  • May 19, 2014 8:07am May 19, 2014 8:07am
Quoting waleed.khan
{quote} Lets hope it closes above its last high atleast today... It has been to vulnerable at these areas... (but I do think there is a new spring to PA) just notice the daily volumes they have increased dramatically... if anything lets hope for more volatility; rather than the all so familiar 5 dollar moves that we have been seeing the past month or so)
Quoting Jediknight
{quote} I've been reading your posts for a couple weeks now, just subscribed to you! I love your tips and explanations, I am just not.. still familiar with terms.

I am awaiting a peak out, that should happen within a day or two.
Hello World!
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