Gold techniques, systems, and individual trades

Gold is showing a very bearish picture on my view. Technically speaking, we can sell gold below 1186 as basic techinicals like Moving avereges might break thier trend and MACD seem to get into negative zone with a crossover on signal line. And Also with Elliot wave we can picture market to touch the lows of 1140 with stop loss at 1200.
I hope your trade goes good.
Best of Luck

i came here today to announce gold will not drop below 1000 in foreseeable future.

My system suggest we are looking at uptrend plateauing 3400.

enjoy buying at these levels from me

funny, noone looked at what i said.

although gold had very serious move on back of imminent bank failures.

anyone ?

time for serious money making !

forget about 3 pips profits. go for 30,000 pips with 1 trade.

I fell i could post picture of me naked in gold thread and noone would look.

ok. i am done here. not going to toilet to make pic and post it. too lazy.

My apology to be late! I would like to trade gold.

I dont know its a good trade or a bad one. You are pricturing in wide wide range. And whats your view exactly long or short.
We know gold is at very cheap value. No doubt its a good buy but there is something called as Margin Call.
Lets say i have an equity of $10000 in my account and a leverge of 100x. So to trade in 1 lot i.e. 100 Units i need 1235/100*100 = $1235.
Now going with your view if market fell to $1000. what i loose is (1235-1000) = $235*100= $23,500. oh shit i dont have this much of equity.

Lets say i will hit my stop out at 30%. which means if market falls to $1170 (which is just $65 away from the price i put the trade in and $170 before your speculation) i will loose everything and hit my stop out level.

Its not about arguing but its about trade idea you think of and its about risk management. Trading big is good. but to trade big you need big money.
Yeah i know there are many with $100,000 tradeable balnace, but i think they put trade for 10 lots not 1 lot.

My view might be wrong, but these kinds of trades are not that beneficail for the newbiews follwing the fourm.

Anyways best of luck on your trade.

I usually had used core fundamentals to base my analysis and perspective on Gold trends, however with the safe haven aspect becoming more important and the Gold/Oil ratio at a 124 year high I think we can expect some increased volatility in the coming months

Gold simply is a volatile asset right now! any robust macro data from US sends it down. when investors start to think about the probability of rate hike this month, they again start buying. Personally, I am gonna stay out of this asset till the fed meeting and will trade low till the minutes of the meeting. Though I am looking for $1300 level when FED announces no rate hike next week. I am not taking any risk in investing in non riskty asset!

Happy Trading!

the bullion is back to its very technical range, For a shorter period, if gold sustins above 1260, it might push the rally to 1307, but if it moves back below $1246, the technical term will turn to berish.
Gold is showing rally on the back of falling equties, but as soon we see rise in good economic health of china and US. the bullion gonna stay under big time pressure. Levels below $1100 is expexted.

still expect a pullback before the expected rise; the question is how low, leading to how high

From my blog:

Australia agrees with Goldman Sachs on gold
Gold has moved in a $75 range for nearly two months now as shown on the chart as shown above. Goldman Sachs have a bearish view, contrary to many, predicting $1000 by the year end http://fxjunkies.co.uk/blog/are-goldman-correct-on-gold . On Friday, Australia's Department of Industry joined them in their bearish view predicting $1105 in 2017 and by 2021, $1003. Australia, who are the second largest gold producer in the world, suggest that increasing interest rates lower the appeal of gold by making other assets more attractive, and expect that the dollar will rise as capital flows into the U.S. seeking higher returns. Australia expect their gold production to continue to rise until 2018/19.

Can someone help me answer this question. i have family that know i trade and they always ask me about gold and buying the physical form of gold. I only know about trading gold on the exchange, i have no idea as far as physical gold buying, what is the best answer to give with respect to obtaining gold in that manner?? I believe someone once wrote on this site that gold is was difficult to obtain or that it was very expensive to obtain in physical form. should i just tell them to trade it at the exchange, and which method, gold stocks, Gold/USd pair??

I would BUY some gold for personal/companies portfolio, just to have some reservers and forget about it, otherwise might tempted to trade/reinvest.

But for trading... I would be SELL(ing) it at the moment, but would not use much leverage, just in case there would be large swings.

Since the end of February the price range of silver has been between $14.25 to $15.50 so it's much less risky than trading gold.

Thanks for the tip, would maybe look into it. I personally like GOLD much more (for the reasons I posted in another threads also) but if there is a good PROFIT potential for SILVER, I should look into it. Maybe that is why there is a maybe hidden potential there, because many people perceive GOLD as 1st

However I have just quickly checked the GOLD and SILVER charts... for the periods you suggested.

1. For Silver it went -8,13% ($15.50->14.25) or $1.25 difference per unit
2. For Gold it went just -2.68% ($1.305->$1.270) or $35 difference per unit

So yes, Silver might be less risky for trading in ABSOLUTE terms (per unit)... but in RELATIVE terms... it seemed much more risky/volatile (3x) for the same period you suggested. But on the other hand, much more (relative) profit potential I might look into it in the near future. And if I do, I might post a dedicated TE for it, here.

This thread needs to be revived here is FPA today's analysis.

Gold