Attachments: Gold Discussion

Gold Discussion

#141
Nov 3, 2006 7:25am Nov 3, 2006 7:25am

de123
Joined Sep 2006 | Status: Trader | 2,272 Posts

Is anybody going long today,...
Why 3.-15 november good to buy gold...seasonal ??
http://www2.barchart.com/commentary/story.asp?id=2201

its just money

#142
Nov 3, 2006 8:07am Nov 3, 2006 8:07am

saa
| Joined Nov 2006 | Status: Trader | 34 Posts

hope you didn't go long today with this NFP-inspired $8 drop.

I am still a gold bull. Got in at 587 and 616 and am just riding this one down cause I think it's only temporary

#143
Nov 3, 2006 9:22am Nov 3, 2006 9:22am

4xCoder
| Joined Dec 2005 | Status: Will Code for Pips | 137 Posts

Quoting saa

Disliked

.
I am still a gold bull. Got in at 587 and 616 and am just riding this one down cause I think it's only temporary

Ignored

Good call, prices are recovering already. I got stopped out, stops too tight, buy am looking to get back in long soon.

#144
Nov 3, 2006 9:51am Nov 3, 2006 9:51am

de123
Joined Sep 2006 | Status: Trader | 2,272 Posts

Quoting saa

Disliked

hope you didn't go long today with this NFP-inspired $8 drop.

I am still a gold bull. Got in at 587 and 616 and am just riding this one down cause I think it's only temporary

Ignored

no i didnt...just came in,..dont know how to enter either oil or gold...if i would enter it would be short ...but i will wait for market to decide,...

its just money

#145
Nov 3, 2006 1:44pm Nov 3, 2006 1:44pm

JosTheelen
| Joined Jan 2006 | Status: Trader | 151 Posts

Quoting de123

Disliked

Is anybody going long today,...
Why 3.-15 november good to buy gold...seasonal ??

Ignored

I am long (since november 2004).

November is a time when a lot of people have marriages in India. Parent give their daugthers a lot of gold when they are married.

#146
Nov 3, 2006 4:04pm Nov 3, 2006 4:04pm

de123
Joined Sep 2006 | Status: Trader | 2,272 Posts

Quoting JosTheelen

Disliked

I am long (since november 2004).

November is a time when a lot of people have marriages in India. Parent give their daugthers a lot of gold when they are married.

Ignored

Thanks,...have cheked nov 04,05,..and its true,..november is the bulish month for gold...
But how can u be long from then ???

its just money

#147
Nov 4, 2006 1:21pm Nov 4, 2006 1:21pm

JosTheelen
| Joined Jan 2006 | Status: Trader | 151 Posts

Quoting de123

Disliked

But how can u be long from then ???

Ignored

I bought some kind of trackers (stocks, that follow the goldprice, with a leverage) in 2004.

#148
Nov 4, 2006 2:18pm Nov 4, 2006 2:18pm

de123
Joined Sep 2006 | Status: Trader | 2,272 Posts

thanks....i am also interesting to buy some shares Aquarius platinum (2x dividend per year)...and its long term bulish,...very volatile,.... it has just break a pound...

So do You all think gold will test 700 this Year or month ??

its just money

#149
Nov 5, 2006 12:52pm Nov 5, 2006 12:52pm

JosTheelen
| Joined Jan 2006 | Status: Trader | 151 Posts

Quoting de123

Disliked

So do You all think gold will test 700 this Year or month ??

Ignored

Not in my opinion. Inflation and a weaker dollar will bring it to 650, but we need some middle-east war to get it at 700.

#150
Nov 6, 2006 3:08am Nov 6, 2006 3:08am

de123
Joined Sep 2006 | Status: Trader | 2,272 Posts

Quoting JosTheelen

Disliked

Not in my opinion. Inflation and a weaker dollar will bring it to 650, but we need some middle-east war to get it at 700.

Ignored

Thanks...i dont like wars,...and the republicans will most likely lost the kongres

(i hope,...its not that i dont like them,...just dont like their aproach of handling the foreign policy...to me Clinton was the Man,....he fixed the balcans,...midlle east,...and there was peace for some time...out off topic...i know)....so 650 the key level of resistance...

its just money

#151
Nov 7, 2006 4:45am Nov 7, 2006 4:45am

JosTheelen
| Joined Jan 2006 | Status: Trader | 151 Posts

Quoting de123

Disliked

Thanks...i dont like wars,...and the republicans will most likely lost the kongres (i hope,...its not that i dont like them,...just dont like their aproach of handling the foreign policy...to me Clinton was the Man,....he fixed the balcans,...midlle east,...and there was peace for some time...out off topic...i know)....so 650 the key level of resistance...

Ignored

No, no, I don't mean that 650 is a resistancelevel. I only think that it can go up to around 650, but it could also be 640 or 660. In fact when I look at the graph, I see 2 resistances, around 640 and around 660.
Look at the technical reports at www.kitco.com.

#152
Nov 9, 2006 12:00am Nov 9, 2006 12:00am

AhmedFouad
Joined Sep 2006 | Status: Forex Student | 182 Posts

Hello,

Gold traders, what do you think about upcoming Gold move, technically?
Please share.

I see 2 possibilities and I need your opinions which one is more possible.

Actually, I am new to trading Gold, so if you have any useful resources that I have to read, please post them.

As you can see from the picture,

The first scenario is that we go down to fill the gap and touch the middle band depending on that "In bollinger band system, price tends to move to the middle band in a rangebound market"..as you see the price reached the upper band where resistance emerges at 630USD level and bounced off it. someone may think we are going to touch middle band in coming few days which is around 600USD, while the second scenario is that we can still break higher and breakout of the upper band and resume upmove.

Which is more possible you think? I favour the first because usually when we leave the upper or lower band we bounce to the middle.

RSI still bullish though, and MA trending higher.

Attached Image

Forex is not easy!

#153
Nov 9, 2006 1:07am Nov 9, 2006 1:07am

dirtypips
| Joined Nov 2006 | Status: Trader | 5 Posts

Hi

My thoughts on axu/usd- 621.60 first target....if it is able to push on- next target 624.30

currently @ 617.96

#154
Nov 9, 2006 1:10am Nov 9, 2006 1:10am

AhmedFouad
Joined Sep 2006 | Status: Forex Student | 182 Posts

The daily candle today is a touch long, lets see.

Forex is not easy!

#155
Nov 9, 2006 1:31am Nov 9, 2006 1:31am

iya
| Joined Oct 2006 | Status: always protect yourself | 129 Posts

I'd buy if it breaks the resistance @630.
First target 640, second target 646.

#156
Nov 9, 2006 1:53am Nov 9, 2006 1:53am

de123
Joined Sep 2006 | Status: Trader | 2,272 Posts

Rumsfeld resign yesterday...fundamentals changes

...My opinion 600 support will be tested again,...i wouldnt go long right now.

its just money

#157
Nov 9, 2006 6:48am Nov 9, 2006 6:48am

Money Talks
| Joined Aug 2006 | Status: Trader | 225 Posts

I'd agree with de.

Longer term I think we'll see gold back up around the 700$ mark but in the immediate future I'd be thinking a test of rougly 600-605 to test support and then another rally past the 630 mark.

#158
Nov 9, 2006 8:43am Nov 9, 2006 8:43am