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Only Gold!

  • #12,221
  • Jul 24, 2014 5:20am Jul 24, 2014 5:20am
i toke a small short on 1299.75 ummm
Senior Trader Multi-Account Manager
  • #12,222
  • Jul 24, 2014 5:35am Jul 24, 2014 5:35am
Yes it was a nice one over night. we are on the same boat "lorix". I took that overnight short as well and now I am short again. I feel it will probably at least touch 1303 again. From there I have set up a sell limit order.
  • #12,223
  • Jul 24, 2014 6:19am Jul 24, 2014 6:19am
Gold saw bottoms last night and broke through resistance at 1298. I'm now entering long until price reaches 1307 or I receive top signals, whichever comes first.
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O you possessed of sturdy intellect, observe the teaching that is hidden
  • #12,224
  • Jul 24, 2014 6:21am Jul 24, 2014 6:21am
support at 1291 would decide.. sustaining 1291 target 1325 first then 1333
break through 1291 may go further down to 1285 first then 1280
P.S. Trade with the discipline of Money Management and Risk Management.
  • #12,225
  • Jul 24, 2014 6:51am Jul 24, 2014 6:51am
In the morning, this didn't look beautiful coming down, but, now.... I'd feel cheated if it bounces right from here.

In other words, I would like this to fall more..

fall and create nice support on VSA

so I can buy more..
Hello World!
  • #12,226
  • Jul 24, 2014 7:03am Jul 24, 2014 7:03am
just closed all my shorts and waiting a clear view now
Senior Trader Multi-Account Manager
  • #12,227
  • Jul 24, 2014 7:03am Jul 24, 2014 7:03am
added a long..
Hello World!
  • #12,228
  • Jul 24, 2014 7:15am Jul 24, 2014 7:15am
mmmmm......something is fishy about these moves....closed all my shorts opened long with sl+ss @1295.5
  • #12,229
  • Jul 24, 2014 7:18am Jul 24, 2014 7:18am
ill stand a side waiting the news release to see the market action ..... feels like the new home sales would be tricky trade at that time
any ideas?
Senior Trader Multi-Account Manager
  • #12,230
  • Jul 24, 2014 7:19am Jul 24, 2014 7:19am
If Gold is respecting the $1301 level as resistance then further downside should be expected.

Silver also needs to clear the $20.7 levels as below
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To live a successful life, we must lose our fear of being wrong
  • #12,231
  • Jul 24, 2014 7:22am Jul 24, 2014 7:22am
1296.92 the low of this 4 hrs came out with me on the penny as a good support,breaking that number will turn bearish again
  • #12,232
  • Jul 24, 2014 7:37am Jul 24, 2014 7:37am
its time for some small long @1296.40
Senior Trader Multi-Account Manager
  • #12,233
  • Jul 24, 2014 7:42am Jul 24, 2014 7:42am
The 90s range looks good to me for longs, already got 2
a couple more maybe, depending how this plays out.

Then 80s range looks good too for longs

Thereafter I'll await a bottom out on VSA (H1) regardless of price for a major set (10) of longs
Hello World!
  • #12,234
  • Jul 24, 2014 7:44am Jul 24, 2014 7:44am
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  • #12,235
  • Jul 24, 2014 7:45am Jul 24, 2014 7:45am
bearish again....few hourly supports i think will be broken soon
  • #12,236
  • Jul 24, 2014 7:53am Jul 24, 2014 7:53am
Quoting wafiqsalameh
bearish again....few hourly supports i think will be broken soon
I think after retrace the market will bearish again
Maybe
  • #12,237
  • Jul 24, 2014 7:56am Jul 24, 2014 7:56am
Ohhhhh i will retire before my TP is reached with this speed
And to be honest i don't see enough momentum neither room for a big fall, not today, although i will be more than happy to be wrong.
  • #12,238
  • Jul 24, 2014 7:57am Jul 24, 2014 7:57am
hope to see the 1306 now go go go gold lol
Senior Trader Multi-Account Manager
  • #12,239
  • Jul 24, 2014 7:59am Jul 24, 2014 7:59am
Quoting ClockTrader
The 90s range looks good to me for longs, already got 2 a couple more maybe, depending how this plays out. Then 80s range looks good too for longs Thereafter I'll await a bottom out on VSA (H1) regardless of price for a major set (10) of longs
I think we could see 1285-1288 if home sales number is good...and then a bounce.
"The market can remain irrational longer than you can remain solvent"
  • #12,240
  • Jul 24, 2014 8:13am Jul 24, 2014 8:13am
Gold short, tp 1.286
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