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Gold Discussion

  • #1,021
  • Feb 23, 2010 12:42am Feb 23, 2010 12:42am
According to my personnal analysis, the gold will obviously go down,now it is a good chance to place a big order and that's what I am doing now.

piping!
  • #1,022
  • Feb 23, 2010 2:44am Feb 23, 2010 2:44am
i couldnt agree more, gold has been heavily over bought. In the long term we will see more rises but i think it could break below 1000bucks in the short term , then it could be happy days getting back involved
  • #1,023
  • Feb 26, 2010 6:40pm Feb 26, 2010 6:40pm
The weekly chart from the April Gold future shows that price seems to be stuck in this red channel, above the gray upsloping trend line.

Attached Image (click to enlarge)
Click to Enlarge Name: 20100226goldW.png Size: 17 KB


And the daily chart shows that price is stuck in both the yellow and the blue wedges. However, as we haven't seen a daily close above the previous highs I still believe a daily 1-2-3 reversal (after breaking the green trend line) is possible so I tend to put more importance on the yellow one.

Attached Image (click to enlarge)
Click to Enlarge Name: 20100226goldD.gif Size: 33 KB
  • #1,024
  • Mar 2, 2010 3:26pm Mar 2, 2010 3:26pm
Quoting jointhepips
Hi,
Im new to the forum but read posts for years. I currently trade gold and 3 pips is a good spread, be careful with Gold at the moment as in my opinion it could be ripe for a fall,albeit short term
thanks your spot on.
  • #1,025
  • Apr 17, 2010 5:27pm Apr 17, 2010 5:27pm
Wow .. this thread is dead. So a quick chart to bring some life back to it.

The daily chart from the continuous Gold future shows that price backtested the red trend line (which some consider to be the neck line of an inverted Head & Shoulders).
Attached Image (click to enlarge)
Click to Enlarge Name: 20100417goldD.gif Size: 32 KB
  • #1,026
  • Apr 18, 2010 8:06am Apr 18, 2010 8:06am
XAUUSD is the best commodity / derivative to trade, because of it's distinct characteristics.
  • #1,027
  • Apr 19, 2010 4:20am Apr 19, 2010 4:20am
Quoting marksterling
XAUUSD is the best commodity / derivative to trade, because of it's distinct characteristics.
And what are these distinct characteristics? Actually, I find gold to be one of the most difficult instruments to trade, it's so speculative in nature and is influenced by so many factors that it's almost impossible to predict it using the traditional fundamental and technical methods.
  • #1,028
  • Apr 20, 2010 6:52am Apr 20, 2010 6:52am
Quoting enivid
And what are these distinct characteristics? Actually, I find gold to be one of the most difficult instruments to trade, it's so speculative in nature and is influenced by so many factors that it's almost impossible to predict it using the traditional fundamental and technical methods.
Yes it appears as though you have answered your question yourself.
  • #1,029
  • Jul 27, 2010 8:42pm Jul 27, 2010 8:42pm
This thread is dead. Any more posting here?
  • #1,030
  • Jul 28, 2010 4:26am Jul 28, 2010 4:26am
It closed below the 100-Day MA yesterday (see the attachment). Going down looks to be the near future of gold.
Attached Image (click to enlarge)
Click to Enlarge Name: gold.png Size: 13 KB
  • #1,031
  • Sep 10, 2010 11:04pm Sep 10, 2010 11:04pm
seems like this thread is dead
  • #1,032
  • Sep 10, 2010 11:12pm Sep 10, 2010 11:12pm
Im taking longs at these dips the daily support line drawn was tested and a very strong bullish engulfing resulted
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gold.gif Size: 14 KB
Click to Enlarge Name: gold1.gif Size: 18 KB
  • #1,033
  • Sep 16, 2010 1:38pm Sep 16, 2010 1:38pm
Hello all,

Silver is on continuous rise on daily charts, RSI is rising, bread & butter of Swing trader i.e, 3EMA & 13 EMA crossover is far far behind & hardly any correction is seen. Below Charts is in INR (1USD - 46.08 ruppee). I guess as uncertainity arrises in global market, Silver & Gold are trending for a all time high again. NO MAJOR CORRECTION is seen here. Beware bears!!
Attached Image
  • #1,034
  • Sep 19, 2010 7:46pm Sep 19, 2010 7:46pm
How high can gold really go. As long as the world tumbles gold should continue to raise. Does anyone trade platinum?
  • #1,035
  • Oct 4, 2010 12:13pm Oct 4, 2010 12:13pm
As suggested in my previous chart, Silver has risen since 16/09/10, now its trading flat, there can be a desicive move this week, either 20 or 25, My view suggest to go short for some quick buck.
  • #1,036
  • Oct 5, 2010 9:30pm Oct 5, 2010 9:30pm
entered parabolic phase yet?

got gold?
  • #1,037
  • Oct 7, 2010 3:24pm Oct 7, 2010 3:24pm
Today's pullback till 1325 provided another good entry point for longs with target being 1400 area which is the 161.8 fibonacci extension on the monthly charts.

DYODD b4 trading.
Attached Image (click to enlarge)
Click to Enlarge Name: gold-monthly.gif Size: 14 KB
  • #1,038
  • Oct 7, 2010 4:31pm Oct 7, 2010 4:31pm
Quoting forexnovice
Today's pullback till 1325 provided another good entry point for longs with target being 1400 area which is the 161.8 fibonacci extension on the monthly charts.

DYODD b4 trading.
Maybe goes more down ...
Attached Image (click to enlarge)
Click to Enlarge Name: gold.gif Size: 12 KB
  • #1,039
  • Oct 7, 2010 4:49pm Oct 7, 2010 4:49pm
Quoting Hazarder
Maybe goes more down ...
Maybe good retrace can be
Attached Image (click to enlarge)
Click to Enlarge Name: gold 1.gif Size: 16 KB
  • #1,040
  • Oct 8, 2010 2:24am Oct 8, 2010 2:24am
Quoting Hazarder
Maybe goes more down ...
It is a possibility but the upside potential seems to be more considering that price has retraced by 40 $. Today's NFP will tell.
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