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Only Gold!

  • #18,541
  • Nov 3, 2014 1:52am Nov 3, 2014 1:52am
People dont forget about Ebola
and ISIS thing

xau loves tensions.
always draw trendlines
  • #18,542
  • Nov 3, 2014 1:58am Nov 3, 2014 1:58am
Gold is hitting the wall between $1170 and $1150. If it breaks through we'll be looking at $1050 next.
  • #18,543
  • Edited 3:10am Nov 3, 2014 2:23am | Edited 3:10am
Quoting Agent Orange
Now that Gold hit the targeted $1180, I expect a retracement to $1200 which is a confluence of 50 fib level on last move down (daily T/F), also previous broken lows which haven't yet been retested, and Weekly pivot point.{image}
Hi AO, you're one heck of an aggressive trader - and darn good at it by the look of it... goodluck!
  • #18,544
  • Nov 3, 2014 2:52am Nov 3, 2014 2:52am
  •  Kah
  • | Joined Jun 2012 | Status: Patience is the Key to Success! | 150 Posts
Quoting griffinssoul
{quote} Hi AO, your one heck of an aggressive trader - and darn good at it by the look of it... goodluck!
I never noticed 1180 on my charts...
  • #18,545
  • Nov 3, 2014 3:01am Nov 3, 2014 3:01am
Quoting tk5
People dont forget about Ebola and ISIS thing xau loves tensions.
the common cold kill more than Ebola... so i dont think it will affect the market much.

they just form a 30 nations coalition to battle the ISIS terror... might not solve the ISIS anytime soon but at least should be able to suppress it
  • #18,546
  • Nov 3, 2014 3:43am Nov 3, 2014 3:43am
Quoting wibie g
You know what's funny? After that major drop of GOLD to $1161, I don't see News or analysts refer to it as PRECIOUS Metal anymore..
So True.. it looks like leaning tower which will continue to fall for another 4 - 6 yrs and then hopefully bottom-out on monthly / annual chart.
Hello World!
  • #18,547
  • Nov 3, 2014 3:50am Nov 3, 2014 3:50am
Quoting ClockTrader
{quote} So True.. it looks like leaning tower which will continue to fall for another 4 - 6 yrs and then hopefully bottom-out on monthly / annual chart.
But, if I could get one year as an exception to the current multi-year bearish trend, that would really help immensely.
Hello World!
  • #18,548
  • Nov 3, 2014 3:59am Nov 3, 2014 3:59am
  •  Kah
  • | Joined Jun 2012 | Status: Patience is the Key to Success! | 150 Posts
This gives us a clue - trade Gold on intraday basis, accordingly the the ever evolving technical patterns while having an eye on the bullying fundamentals.

I would remain on sidelines for the longer term, but won't let the intraday opportunities lose. Better close positions by day end, for me, there is 'No Tomorrow' approach for Gold at the moment, so whatever you could get from it, take it and sit on the sidelines.

The problem is, as soon as it will go past 1200, we will again getting long calls like 1345 and all, while disregarding the corrective mode possibilities and technical retracements.

Cheers,
KAH
  • #18,549
  • Nov 3, 2014 4:36am Nov 3, 2014 4:36am
Quoting wibie g
You know what's funny? After that major drop of GOLD to $1161, I don't see News or analysts refer to it as PRECIOUS Metal anymore..
They call it yellow metal now!
Trade at your own risk. Don't follow one's opinion.
  • #18,550
  • Nov 3, 2014 5:14am Nov 3, 2014 5:14am
any time soon they'll be saying PRECIOUS USD
  • #18,551
  • Nov 3, 2014 5:16am Nov 3, 2014 5:16am
Quoting Karpa
any time soon they'll be saying PRECIOUS USD
lolzzzzzzzzzzz
  • #18,552
  • Nov 3, 2014 5:34am Nov 3, 2014 5:34am
closed my long.
  • #18,553
  • Nov 3, 2014 6:32am Nov 3, 2014 6:32am
Quoting ClockTrader
@1267 Testing longs with with SL @ 1254 SL on the basis of DCB Reason for long: CCBH1 on the basis of VVSA-H1 patterns supports a long call IF price climbs in the US session ahead.
Moved the SL to 1160 in order to mitigate risk.

Typos:

> @1267 Testing longs with with SL @ 1254

----> @1167 Testing longs with with SL @ 1154
Hello World!
  • #18,554
  • Nov 3, 2014 7:10am Nov 3, 2014 7:10am
Gold prices likely to initiate another plunge towards $1161, breaking which $1155 can become strong support for the metal before it test $1080. Upside resistance near $1175 become important.
Attached Image (click to enlarge)
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  • #18,555
  • Nov 3, 2014 7:18am Nov 3, 2014 7:18am
Quoting Fx_Anil
Gold prices likely to initiate another plunge towards $1161, breaking which $1155 can become strong support for the metal before it test $1080. Upside resistance near $1175 become important. {image}
100% right. Next news may decide going down to 1155 or breaking up to 1185
  • #18,556
  • Nov 3, 2014 7:18am Nov 3, 2014 7:18am
Quoting goldstreet
{quote} 100% right. Next news may decide going down to 1155 or breaking up to 1185
  • #18,557
  • Nov 3, 2014 7:29am Nov 3, 2014 7:29am
Quoting Karpa
any time soon they'll be saying PRECIOUS USD

And soon, only Middle Earth's Gollum would call Gold, "My Preciousss...!"
  • #18,558
  • Nov 3, 2014 7:53am Nov 3, 2014 7:53am
Quoting wibie g
{quote} And soon, only Middle Earth's Gollum would call Gold, "My Preciousss...!"
with red-blooded eyes
  • #18,559
  • Nov 3, 2014 8:27am Nov 3, 2014 8:27am
Quoting wibie g
{quote} And soon, only Middle Earth's Gollum would call Gold, "My Preciousss...!"
OK, Fellas, lets stop making fun of Gold now, though I agree that its not supposed to be called precious anymore.

In first place, if someone dislikes Gold so much, he should not watch it or analyze it let alone trade this thing.

How about focusing on analysis or such key area?

My 2 Gold coins

PS: Gosh! These coins are getting cheaper and cheaper every year.
Hello World!
  • #18,560
  • Nov 3, 2014 8:42am Nov 3, 2014 8:42am
Quoting ClockTrader
{quote} OK, Fellas, lets stop making fun of Gold now, though I agree that its not supposed to be called precious anymore. In first place, if someone dislikes Gold so much, he should not watch it or analyze it let alone trade this thing. How about focusing on analysis or such key area? My 2 Gold coins PS: Gosh! These coins are getting cheaper and cheaper every year.
ok ct I agree. Now for me I would like to hear some expactations. Where we are heading? Are we going to see gold at 1050?
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