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Only Gold!

  • #17,121
  • Oct 6, 2014 1:47pm Oct 6, 2014 1:47pm
been away from my desk for the last 5 hours or so...
damn! talk about bad timing!!
90% of people, are wrong about 90% of everything, 90% of the time...
  • #17,122
  • Oct 6, 2014 1:49pm Oct 6, 2014 1:49pm
Quoting Arshamv
{quote} finally it is time for closing sells, or adding to sells?
Its a complicated question as we cannot predict the strength of Bulls and Bears with utmost precision. So, there are going to be ifs, buts and words like I expect, most likely etc.

IMHO, this should peak out anywhere between 1210-1215 just in case it has not already. It would be wise to take part/full profit if you have longs from below 1200. Applying +ve / safe SL on longs would be wise too.

The price should could highly jittery and volatile in the following 24-48 hrs. IF I'm right, the bull wave shall resume and climb another 20-30 $s, maybe little more.

IF price continues to climb higher and higher without any sideways or a fall, that will have little adverse affect on my profits.

Like always, whatever your direction, I would suggest trade safe.

PS: This view is based on the VVSA patterns posted earlier.
Hello World!
  • #17,123
  • Oct 6, 2014 1:57pm Oct 6, 2014 1:57pm
Seasonality in Gold (XAUUSD)
https://media.dailyfx.com/illustrati...0000_i1037.png

During the QE era, October has proven to be the third most bullish month of the year for Gold. However, Gold has not rallied in either of the past two years after seeing increased gains during October through 2009 to 2011. The outlook for October is further dampened after Gold’s crushing performance in August and September; the near-term technical pressure may be too much for seasonal bulls to overcome.


from: http://www.dailyfx.com/forex/fundame...-Weakness.html
  • #17,124
  • Edited 2:23pm Oct 6, 2014 2:08pm | Edited 2:23pm
Hit a weekly fib level at this low if my fib completes to the short side, I am looking at 1146 or a tad under before a swing to the upside, I did take this long as its over extended and non farm usually retraces the full move, upside target 1215 - 1222 for me for now as I have a nice buffer of 160 pips from this retracement. It is a weekly fib and can chop before breaking my fib of 138 where it bounced. Last move up from this low did NOT break weekly supply , nor did it spike above it, this leads me to believe a further break short after a correction........


Attached Image (click to enlarge)
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  • #17,125
  • Oct 6, 2014 2:33pm Oct 6, 2014 2:33pm
Quoting Karpa
Hi all gold bugs, I'm sharing this chart I made on a spreadsheet, I hope it will be of some use to somebody. It shows weekly average prices from week 41/1993 to present. {image} Here's the ZIPED spreadsheet, you can open it with OpenOffice/LibreOffice Calc {file}
Very nice Karpa. U did great job. Lets see how we can use this summarized image of Gold
  • #17,126
  • Oct 6, 2014 5:17pm Oct 6, 2014 5:17pm
Missed most of the fun with the big boys taking profits after friday's rollercoaster
Here's what I think, price has reached 61.8% from thursday's high to week opening's low.
If dollar is to continue selling we could visit 1213 ish or a little more.
Else a retrace may happen to 1203/1198.
So maybe it's time to take some proffit from lower levels
Attached Image (click to enlarge)
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  • #17,127
  • Oct 6, 2014 5:31pm Oct 6, 2014 5:31pm
Quoting SamRoy
{quote} Very nice Karpa. U did great job. Lets see how we can use this summarized image of Gold
Hey SamRoy don't mention it, nobody else did
I find this chart quite useful to check other seasonal symbols like Oil, natural gas and commodities.
Feel free to improve and share it
Cheers
  • #17,128
  • Oct 7, 2014 2:31am Oct 7, 2014 2:31am
good morning everyone
Senior Trader Multi-Account Manager
  • #17,129
  • Oct 7, 2014 2:37am Oct 7, 2014 2:37am
Quoting paramj
{quote} does that make a decision with sense to go long. here my opinion simple as you stated {image}
This is the chart I shared yesterday at the peak of NY noon.

IF price can hit 1213 that could be early sign of Bulls taking charge, this is on the basis of DCB. A breach of 1216 would verify that.
Attached Image (click to enlarge)
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Hello World!
  • #17,130
  • Oct 7, 2014 3:03am Oct 7, 2014 3:03am
Here we got 3rd peakout in a row. This is on 15m, can get invalidated.

I'm on a selling spree, would sacrifice one short above 1310 to offset the losses IF these shorts blow in red.
Attached Image (click to enlarge)
Click to Enlarge Name: ss.PNG Size: 32 KB
Hello World!
  • #17,131
  • Oct 7, 2014 3:07am Oct 7, 2014 3:07am
Quoting ClockTrader
Here we got 3rd peakout in a row. This is on 15m, can get invalidated. I'm on a selling spree, would sacrifice one short above 1310 to offset the losses IF these shorts blow in red. {image}
For each 10 - 15 $s it can climb, I'm gonna sell 5 - 10 positions, if things go wrong I would be happy to sacrifice one short above 1310

On a selling spree..

PS: As mentioned before, the count of my longs is still a lot more than shorts.
Attached Images
Hello World!
  • #17,132
  • Edited 4:22am Oct 7, 2014 4:06am | Edited 4:22am
Hello Sameer - I decided to support you here - let's work all togather http://www.forexfactory.com/showthread.php?t=507317
Gold Annihilation System
  • #17,133
  • Oct 7, 2014 4:28am Oct 7, 2014 4:28am
Quoting Hunterrus
Hello Sameer - I decided to support you here - let's work all togather http://www.forexfactory.com/showthread.php?t=507317
Good Luck my friend. There are numerous people here who don't like my analysis, the seasons failed and trust me there are many. I hope your thread serves as a good platform for Gold bugs :-)

PS: Your volume spreads and their colors look interesting.
Hello World!
  • #17,134
  • Oct 7, 2014 4:31am Oct 7, 2014 4:31am
Thanks man and good luck - I will try to do my best to support you - just make a link for people to my thread
Gold Annihilation System
  • #17,135
  • Oct 7, 2014 4:32am Oct 7, 2014 4:32am
Quoting Hunterrus
Thanks man and good luck - I will try to do my best to support you - just make a link for people to my thread
Just keep posting a link to your thread every now and then over here. I'm sure there would be many members who would like to move to your thread..

Cheers :-)
Hello World!
  • #17,136
  • Oct 7, 2014 4:33am Oct 7, 2014 4:33am
Quoting Karpa
Missed most of the fun with the big boys taking profits after friday's rollercoaster Here's what I think, price has reached 61.8% from thursday's high to week opening's low. If dollar is to continue selling we could visit 1213 ish or a little more. Else a retrace may happen to 1203/1198. So maybe it's time to take some proffit from lower levels {image}
I can also see divergence here on 4H tf.
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  • #17,137
  • Oct 7, 2014 4:37am Oct 7, 2014 4:37am
hello everyone.. it turned out to be a good day yesterday.. she was listening..

moving on.. i believe we already are standing at a vital point today.. either we HAVE seen a peak out if this was a false alarm for bulls rising and this 1212 is it.. or there is more to come..

according to this downtrend if this high sustains today there are high chances gold will creep back to 1180-1170 area.. it is vital for gold to breach the 1216 daily pivot and to trade there for an hour or more.. a close above 1216 today will validate that there is more to this bullish break...
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  • #17,138
  • Oct 7, 2014 4:39am Oct 7, 2014 4:39am
Quoting ClockTrader
{quote} Just keep posting a link to your thread every now and then over here. I'm sure there would be many members who would like to move to your thread.. Cheers :-)
Sure - thanks for your understanding, decided to take it seriously - lost a lot of demo deposits - but that cost it
Gold Annihilation System
  • #17,139
  • Oct 7, 2014 4:40am Oct 7, 2014 4:40am
considering "IF"Gold breaks through 1216 as mentioned earlier.. my view will be bullish for the time being and i will give a tp to all my longs around 1240 area.. as the highlighted line 14 in this downtrend shows..


so as things stand.. a close above 1216 is vital..
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  • #17,140
  • Oct 7, 2014 4:43am Oct 7, 2014 4:43am
Quoting ClockTrader
{quote} Good Luck my friend. There are numerous people here who don't like my analysis, the seasons failed and trust me there are many. I hope your thread serves as a good platform for Gold bugs :-) PS: Your volume spreads and their colors look interesting.
Your analysis r very useful and respected a lot by more people bro. And we all must know that these r in the end only ANALYSIS, not advice/forcing/order to trade. I am not supporting or biased towards any1 but we should all keep giving our point of view to make other's point of view more clear, thats the only purpose. So no worries, and keep up good work God bless
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