GOLD traders only

Hello all ,

i just removed my old thread ( GOLD wit gemy ) and transfer to this new one ininteractive trading section , lets share our view timely for GOLD , no resterication to postwhatever you want .

one for all , all fo one .

Gold is bullish based on the fact that global stocks are selling of and major stock market indices are moving down therefore traders and investors will rush to buy gold because it is a safe haven commodity.

Next target 1300

I agree bit always there's retracment somewhere let's see

Technikally the gold is going under 1000...

buy GOLD @ 1149 TP 1162 first

Gold looks down.

gold going down at least until 1100

i agree with you, gold set up and recent positioning is definitely on the downside.
looking fundamentals, ecb could provide hints of further qe (or extension), which is huge negative for gold,
us stats if positive could annihilate remaining longs,
china turmoil seems contained for now, therefore another downside factor for gold

i changed my mind, i am staying neutral on this commodity as :

the china crisis is far from over,
but the us is holding very well.

we got a new reason for potential gold buyers to come back into market :
well it will surprise you or not : the EU migrant crisis.

over the last few weeks we are seeing an onslaught of migrants crossboarding countries.
as a spillover into eurozone businesses, it forces governments to go deep into their budget to provision billions into additional healthcare/food supply/accomdation
for refugees who would certainly get their right to stay for a few months or even years.
it is having negative spillover over some businesses like export ports (North of France as an eg) and trade.
moreover the reaction of local population is the most critical point here, political instability in core ez countries is currently priced at very low probability,
but no one can tell for sure there won't be some.

for me on short term im expecting to see at lest 1153 today itself

Don't count on a market correction to boost gold. Generally when stocks sell off the money goes into bonds, not metals. Gold will go up when the USD tanks, and not before.

Gold technical analysis for September 8, 2015
Gold price remains above the support area of $1,117 and has not broken down yet. This increases chances of a bounce. If support fails to protect metal from falling further, we should expect a push below $1,100 to be seen.


Gold price is trading below the Ichimoku cloud. A trend is bearish as we reached a a lower high at $1,150. Short-term resistance is seen at $1,130 while support, as I said before, is found at $1,117. A break above a high of $1,150 will probably push the price to the area above $1,180.

The weekly chart remains bearish as the price is below the weekly tenkan-sen (red indicator). Bulls need to push price higher from the current levels. As $1,115-$1,117 is important short- and medium-term support, so a bounce should be expected from the current levels. The rejection at 61.8% retracement is also important resistance and I believe it will be tested

Gold prices according to me are under immense pressure. Now the question is WHY???
well for simple reading ill summarize the reasons in points:
1. FED meet, which is due next week which is due next week on 16-17 Sept. The probability of a hike in interest rates have weighed down on oil prices.
2. Strong dollar due to rallying market and positive US economic data.
3. Chinese turmoil has caused a great chaos in the market so much so, investor are not going for so called safe haven assets.

For me, $1120 is a strong level of support for gold. If FED raises the rates, see gold crashing and burning. Strong dollar will always cap the gains gold makes.
heavy selling below the 1120 levels. For now, FED meeting is awaited, till then the modest gains will come under the market volatility.

All the best! Happy Trading!

I think that GOLD asset will go down.

The price on gold moves to resistance level 1142.74. When 1142.74 mark will be passed, Im gonna sell.

Attached Image (click to enlarge)

I can see an excellent entrance to the gold market after reaching the 1133.63 level. The price will go down.

Gold technical analysis for October 14, 2015

Gold price broke above the short-term resistance and previous high of $1,170 confirming the uptrend on the chart. The level of $1,200 is my target area plus or minus 10$. I do not believe that gold bulls have enough strength to break above $1,250 at the moment.
Red line - resistance
Green line - support
The price is above cloud support trending higher. We have broken the previous high of $1,170 and we are moving towards our target of $1,200. The short-term support is found at $1,150.

i see gold going to 1192 then short to 1170 by coming news today

still waiting for TP at 1192 then will short