Grashid- Gold Analysis | Page 16 | Metals Mine

Options

Go to
Permalinks
Print Thread

Similar Threads

Pro7 PA trading analysis 28+GOLD 7,205 replies

Daily Gold Analysis 212 replies

Fundamental Analysis, Technical Analysis Or Graph Analysis? 28 replies

Gold trades and analysis 6 replies

Gold Analysis 01.11.12 10 replies

Attachments: Grashid- Gold Analysis
Exit Attachments

Grashid- Gold Analysis

  • #301
  • May 7, 2010 8:00pm May 7, 2010 8:00pm
Gold major stocks held up nicely through Thursday's big down day. Gold finished strongly on today's close with the Dollar Index closing lower, along with Oil. Very interesting week, possible decoupling between Gold and the Dollar taking place in this phase of the market.
  • #302
  • May 7, 2010 11:02pm May 7, 2010 11:02pm
Quoting pippy le pur
Gold major stocks held up nicely through Thursday's big down day. Gold finished strongly on today's close with the Dollar Index closing lower, along with Oil. Very interesting week, possible decoupling between Gold and the Dollar taking place in this phase of the market.
Totally agree, espeacially the gold is the best thing to invest in this times of uncertainty.
  • #303
  • May 8, 2010 3:41am May 8, 2010 3:41am
Quoting riko2705
hi rashid,
that drop gj was more than ı expected.
as ı mentioned expected 1000 pips from 145 to 135 but went 130...
good weekend
ali
if u aware some of my post in FF and my blog (UK election + tricchet ECB annpuncement)

http://forex-grashid.blogspot.com/20...-may-2010.html
http://www.forexfactory.com/showpost...stcount=223109
http://www.forexfactory.com/showpost...stcount=223239

happy weekend...cheers

next week will be the golden week...after cross pair making such a massive down movement...

g
  • #304
  • May 9, 2010 2:04am May 9, 2010 2:04am
Quoting grashid
if u aware some of my post in FF and my blog (UK election + tricchet ECB annpuncement)

http://forex-grashid.blogspot.com/20...-may-2010.html
http://www.forexfactory.com/showpost...stcount=223109
http://www.forexfactory.com/showpost...stcount=223239

happy weekend...cheers

next week will be the golden week...after cross pair making such a massive down movement...

g

ı read all before but..
thank you again
have nice trading week
  • #305
  • May 9, 2010 7:43pm May 9, 2010 7:43pm
Back in black. But after this grinding, I am expecting a big fall in gold to make the wait worthwhile.
  • #306
  • May 9, 2010 10:17pm May 9, 2010 10:17pm
Quoting steroidman
Back in black. But after this grinding, I am expecting a big fall in gold to make the wait worthwhile.
i love it when my wait becomes worthwhile. gl sir

the dollar is gaining and this should help your side
  • #307
  • May 10, 2010 4:25am May 10, 2010 4:25am
Nearly cashed in the chips. But I see some real weirdness out there. And part of it, would be a monster gold crash. Haven't sold, solidly in the black,but still, it was one of the hardest trades I have been in, so I don't feel all that celebratory. Its going to have to fall another fifty bucks for me to feel like that.
  • #308
  • May 11, 2010 2:36am May 11, 2010 2:36am
Please explain, what is " a monster crash in gold" on your opinion and why do you think gold will crash, the gold in my opinion just made new heights and will continue to, we see a consolidation at 1200 on a uptrend. I continue to say that gold will go higher and higher simply because it's gold and simply because it's the more trustable and stable than any currency this days!
  • #309
  • May 11, 2010 6:53am May 11, 2010 6:53am
It was over 20 and I closed it down with a small profit. But it was a horrible exercise. The stress caused my back to seize. Closed it out took a bunch of muscle relaxants and JUST woke up. WOW. Glad I bailed. Gold is doing very well.

But is this the double top? Or just the start?

Going to go for a very feeble walk. I will explain my reasoning when I stumble back.
  • #310
  • May 11, 2010 1:36pm May 11, 2010 1:36pm
Break 1228 then 1270-1310 is on the way till end month....
Otherwise short from 1228 will be safe to turn back to test 1080/1078 atleast for mid term target.

good luck

g

p/s: am still in holiday mood n perhaps wil post some update if not tomorrow this weekend
  • #311
  • May 13, 2010 12:22pm May 13, 2010 12:22pm
Quoting grashid
Break 1228 then 1270-1310 is on the way till end month....
Otherwise short from 1228 will be safe to turn back to test 1080/1078 atleast for mid term target.

good luck

g

p/s: am still in holiday mood n perhaps wil post some update if not tomorrow this weekend

hi rashid,

would it test brown than pink tl or just a small retrace ?
good trades
Attached Image (click to enlarge)
Click to Enlarge Name: g.gif Size: 15 KB
  • #312
  • May 14, 2010 8:00am May 14, 2010 8:00am
Took long profits at 1245.75

entered short @ 1248.05.

target at the moment looking at 1186 18dma (will adjust daily as the 18dma creeps up)

http://cdn.forexfactory.com/images/misc/progress.gif

I have no enemy; I make Incautiousness my Enemy.
  • #313
  • May 14, 2010 12:05pm May 14, 2010 12:05pm
Quoting jimobiwan
Took long profits at 1245.75

entered short @ 1248.05.

target at the moment looking at 1186 18dma (will adjust daily as the 18dma creeps up)

http://cdn.forexfactory.com/images/misc/progress.gif

gl
  • #314
  • May 15, 2010 10:58am May 15, 2010 10:58am
Quoting riko2705
gl
in view of the large day range and speed, i chickened out.

short @1248.05 taken at 1220.95

long @ 1221 taken at 1225.4

flat over weekend.

in view of large day range, expecting inside day knocking around for coming few days unless europe surprises.

looking to buy from 1220 and sell above 1240+ taking cue from techincals.

Chart pattern looks damaged with large outside day down.

It has retraced to fib 50% from todays high to last break low on 10MAY at 1187.7.

Super cycles also do not favour strong gold

18dma now approx same place as last break low of 10MAY at 1187.7. Likely strong support there.
I have no enemy; I make Incautiousness my Enemy.
  • #315
  • May 17, 2010 12:14pm May 17, 2010 12:14pm
[quote=jimobiwan;3726782]in view of the large day range and speed, i chickened out.


looking to buy from 1220 and sell above 1240+ taking cue from techincals.

------------

Today Sold @ 1240.5 with cut at 1230

Buy @ 1225 and cut at 1228.

Did have a buy set at 1222.2 but it didnt look like it would go so low.


I recall in the last sell off in 2008 gold sold off as well, allegedly because people sold gold to pay off margins and what not.

I am wondering if, instead of higher Au prices as the sell off continues in Europa, Au sells off instead.

The next break low is 1216.95. I wonder if alot of sellers are bunched in there? I think more like 1218.
I have no enemy; I make Incautiousness my Enemy.
  • #316
  • May 18, 2010 1:55am May 18, 2010 1:55am
[quote=jimobiwan;3730954]
Quoting jimobiwan
in view of the large day range and speed, i chickened out.


looking to buy from 1220 and sell above 1240+ taking cue from techincals.

------------

Today Sold @ 1240.5 with cut at 1230

Buy @ 1225 and cut at 1228.

Did have a buy set at 1222.2 but it didnt look like it would go so low.


I recall in the last sell off in 2008 gold sold off as well, allegedly because people sold gold to pay off margins and what not.

I am wondering if, instead of higher Au prices as the sell off continues in Europa, Au sells off instead....

ı dont know if this is considered as a diamond but ı expect it visits at least 1213 support
good trading
Attached Image (click to enlarge)
Click to Enlarge Name: au.gif Size: 21 KB
  • #317
  • May 18, 2010 1:57am May 18, 2010 1:57am
rashid where are you sir ? is everything ok?
  • #318
  • May 18, 2010 5:42am May 18, 2010 5:42am
[quote=riko2705;3732475]
Quoting jimobiwan


ı dont know if this is considered as a diamond but ı expect it visits at least 1213 support
good trading

Hey you got it dead on. Good call.

my buy was hit at 1222.2 while away. took that at 1225 as it didnt look like it would go anywhere.
I have no enemy; I make Incautiousness my Enemy.
  • #319
  • May 18, 2010 6:08am May 18, 2010 6:08am
Quoting riko2705
rashid where are you sir ? is everything ok?
...am here..still lazy to trade...long gold to 1248/50..we r still in ranging mode to give a room for gy,ey,uj for final touch down...then my turn for this gold short...

i dun like long trade actually...

cheers
  • #320
  • May 18, 2010 6:13am May 18, 2010 6:13am
[quote=jimobiwan;3733170]
Quoting riko2705


Hey you got it dead on. Good call.

my buy was hit at 1222.2 while away. took that at 1225 as it didnt look like it would go anywhere.
good luck
4 traders viewing now