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Gold Discussion

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  • Post #1,061
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  • Oct 31, 2010 9:03am Oct 31, 2010 9:03am
  •  bksujal
  • | Joined Jun 2007 | Status: candlestick trader | 991 Posts
Quoting symori
Disliked
can someone explain to me what is the meaning of QE ?
another financial injection in the economy ?
Ignored
http://en.wikipedia.org/wiki/Quantitative_easing
  • Post #1,062
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  • Nov 24, 2010 9:50am Nov 24, 2010 9:50am
  •  forexnovice
  • | Joined Nov 2006 | Status: Seeking Light | 1,059 Posts
Quoting forexnovice
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Why 1450 ???

I will explain my reasoning with a few charts starting from the Monthly & zooming in all the way to the 4-hour charts. Gotta go to work now.
Ignored
Sorry....busy with job.

Here is a 4-hour chart. A clear breakout & close above the Red Resistance Line should open the path for 1450 at the very least.
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  • Post #1,063
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  • Dec 1, 2010 12:46pm Dec 1, 2010 12:46pm
  •  mplakkot
  • | Joined Nov 2010 | Status: Member | 3 Posts
I always include gold as a portfolio stabilizers, increasing its position as my portfolio grows. For a position hold and long term invest gold will be gold as long the sentiments towards gold in emerging countries remains.

The local Indian market itself will generate sizable interest. Over 33% of Indian middle class is growing their spending power. Gold will def get a chunck of it . Economic instability also leans in golds favor.
  • Post #1,064
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  • Dec 1, 2010 7:28pm Dec 1, 2010 7:28pm
  •  fxarby
  • | Membership Revoked | Joined Nov 2010 | 13 Posts
Owning some gold stocks I think is a good way to play the rallies aswell, benefit from the liquidity pump from helicopter ben, plus if inflation kicks in stocks will rally more.
  • Post #1,065
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  • Dec 3, 2010 1:19pm Dec 3, 2010 1:19pm
  •  gez40
  • | Joined May 2009 | Status: Member | 557 Posts
Long from an IB on the daily, hows every one doing?
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Seek not to change the world; seek only to change your mind about the world
  • Post #1,066
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  • Edited at 8:08am Dec 13, 2010 8:08am | Edited at 8:08am
  •  leoforex
  • | Membership Revoked | Joined Oct 2007 | 176 Posts
Look at the 4 hour chart on Gold
The candlestick break above the trendline. It is a opportunity to buy Gold.

http://img1.imagehyper.com/t/0/0/361...0-68ca14b3.gif
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  • Post #1,067
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  • Dec 13, 2010 10:11am Dec 13, 2010 10:11am
  •  leoforex
  • | Membership Revoked | Joined Oct 2007 | 176 Posts
http://img1.imagehyper.com/t/0/0/362...8-8c7c12f4.gif

Did anybody have any idea on when to exit the trade?
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  • Post #1,068
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  • Dec 14, 2010 3:53am Dec 14, 2010 3:53am
  •  enivid
  • Joined Aug 2009 | Status: Member | 461 Posts
Quoting leoforex
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Did anybody have any idea on when to exit the trade?
Ignored
Just add a trailing stop based on ATR if you aren't sure where to target your profit.
  • Post #1,069
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  • Apr 21, 2011 10:15am Apr 21, 2011 10:15am
  •  new attitude
  • | Joined Feb 2011 | Status: Member | 47 Posts
ab=cd harmonic pattern in gold chart in final and its a sign for down trend

also macd indicator is in reguler divergenc for correction in weekly time ..
relative stregnh index is in very critical position for buyers...

its so profitable to have short position in gold if you find any triger.

have good time

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smile555 All Time Pips: -392
  • Post #1,070
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  • Jun 1, 2011 7:56pm Jun 1, 2011 7:56pm
  •  SignalWizard
  • | Joined Jun 2011 | Status: Junior Member | 5 Posts
I trade GC Gold futures using a 233 tick as my timeframe. Notice the YG (mini Gold Futures) crosses on a 9 tick virtually at the same time.

Backtest it using a simple EMA of 89 and an SMA of 12. I backtests at least 100 signals before I implement a strategy. This time frame is working very well for me presently.

THE SIGNAL IS THE SIGNAL IS THE SIGNAL.

If you backtest your chosen market and timeframe and discover a positive expectancy why would you not trust your signals.

Good Luck!!
  • Post #1,071
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  • Last Post: Jun 1, 2019 11:34am Jun 1, 2019 11:34am
  •  auricforecas
  • Joined Sep 2017 | Status: Still a total mystery | 3,575 Posts
I would divide gold trading in the following components:

And about trading (my view):

  1. DEMAND for Gold... INCREASING, Countries are piling up gold. ->(gold) UP (trend)
  2. DOLLAR strength: INCREASING ->(gold) DOWN (trend)
  3. ECONOMY in crisis? Doesn't seems so; it ussualy goes UP BEFORE the crysis, DOWN in crysis -> (gold) UP (trend)

Combining all the components above, it seems that the second reason (2.) (dollar strength) seems to be the leading force now, therefore down.
I am specialised in EURUSD trading and since someone mentioned in this Thread (#Post 2), Dollar and Gold are in inverse relations.
I personaly believe, based on my price prediction model that the EURUSD is in a downtrend for the next 3-6months.

Therefore my conclusion would be that the GOLD (priced in USD) will be in the downtrend for at least the same period.
So should I trade it, I would be in the SELL position. But would always love to have/buy some GOLD in my portfolio (forever), regardless the trend.

Can you afford to take that chance?
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