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XAU/USD Spot Gold

  • #221
  • Apr 27, 2011 2:44am Apr 27, 2011 2:44am
as shown in my chart +1600 also waiting lol

Quoting khizer
As shown in pictuer 5th wave is waiting.
My first target as i told before is 1522 and i am very hope full for this target. Meanwhile i am also long from 1495.
Trade what you see, Not what you think.
  • #222
  • Apr 27, 2011 8:03am Apr 27, 2011 8:03am
may i ask you about your waves?

Attached Image (click to enlarge)
Click to Enlarge Name: 12.gif Size: 89 KB


you start waves from ????

Quoting khizer
As shown in pictuer 5th wave is waiting.
My first target as i told before is 1522 and i am very hope full for this target. Meanwhile i am also long from 1495.
  • #223
  • Apr 27, 2011 10:09am Apr 27, 2011 10:09am
Quoting B.Behzadi
It seems that a new downtrend will be start soon.

Regards- Behzad
hi dear behzad

new downtrend or only correction????

it dosen't exist any major reason for new downtren or least i don't see it .

may describe more about your idea for new downtrend.


best regards
  • #224
  • Apr 27, 2011 10:15am Apr 27, 2011 10:15am
Quoting new attitude
[color=Blue][b]im agree with behzad,,,,

in technical ::::from 2month ago in macd indicator and rsi we have reguler divergenc and rsi now is in 70 and its overbougth point.


in funds::::arab problems was big trrible for gold and oil price
but in other way in the arabs country that have more gold buyer its neer...
dear new attitude

plz note that rather than the appetite of traditional buyers of gold ,the major reason for upward move of gold is dollar debasement ....so till the expansionary policy of federal reserve exist , gold is in up trend.

plus note that the chinnese want to reduce two third of their dollar reserve , and one of most attarctive altenative for them is gold.


best regards
  • #225
  • Edited 11:22am Apr 27, 2011 11:09am | Edited 11:22am
thanks.

sure.true

its in fund resoan but in chart we have more resoans for correction

so if you think like this...its better that i say we have correction in wave num4 and after that up trend start again for upper point...

i think if correction start target is 1478 and after that up trend have minimoum traget in 1560

gold is in very very Critical point

Regards



Gold may advance in New York after reaching a record two days ago as investors watched for signals on the dollar and interest rates from the U.S. Federal Reserve’s two-day policy meeting, Bloomberg reported.
The dollar reached its lowest level in more than 2 1/2 years against a basket of six currencies earlier today on speculation the Fed will consider further easing measures to support the economy after its bond-buying program expires in June. The U.S. Dollar Index lost 10 percent in the past year as the Fed has kept interest rates near zero and bought Treasuries. The greenback fell to a 16-month low against the euro.
"A lot of gold buyers will be waiting for signals from the Fed," said Bernard Dahdah, a London-based analyst at Natixis Commodity Markets Ltd. Any indications "on currency and interest rates could highly affect the price of gold. For the next weeks we view gold as being driven by the dollar."
Bullion for June delivery rose $5.30, or 0.4 percent, to $1,508.80 an ounce by 8:09 a.m. on the Comex in New York. The metal touched a record $1,519.20 on April 25. Immediate-delivery gold gained 0.2 percent to $1,508.88 an ounce in London, after falling and rising as much as 0.3 percent.
Gold rallied 30 percent in the past year as sovereign-debt turmoil in Europe, accelerating inflation and fighting in Libya fueled demand. Standard & Poor’s on April 18 placed a negative outlook on the U.S.’s AAA ranking, citing a risk the nation will fail to deal with rising budget deficits, and boosting the appeal of bullion as an alternative to the dollar.
At the Fed meeting, policy makers will leave the target rate for overnight lending between banks at zero to 0.25 percent, according to all economists surveyed by Bloomberg News. The Fed may also say it plans to complete $600 billion in Treasury purchases in June, a program known as quantitative easing.
The Fed is due to release its policy statement at about 12:30 p.m. New York time, and Chairman Ben S. Bernanke is set to speak to reporters at 2:15 p.m. The media conference will be the first in a series of four a year, each after a policy meeting, in a bid by the bank to improve communication with the public.

Quoting shahroodi
dear new attitude

plz note that rather than the appetite of traditional buyers of gold ,the major reason for upward move of gold is dollar debasement ....so till the expansionary policy of federal reserve exist , gold is in up trend.

plus note that the chinnese want to reduce two third of their dollar reserve , and one of most attarctive altenative for them is gold.


best regards
  • #226
  • Apr 27, 2011 11:15am Apr 27, 2011 11:15am
Quoting new attitude
sure.true

its in fund resoan but in chart we have more resoan for correction

so if you think like this...its better that i say we have correction in wave num4 and after that up trend start again for upper point...

i think if correction start target is 1478 and after that up trend have minimoum traget in 1560

gold is in very very Critical point
i am agree with you for correction...1478 seems good to me for buy

tks for sharing your analysis
  • #227
  • Apr 27, 2011 11:18am Apr 27, 2011 11:18am
dont you want to have short position if breakdown 1500$

or you trade only with trend?


Quoting shahroodi
i am agree with you for correction...1478 seems good to me for buy

tks for sharing your analysis
  • #228
  • Apr 27, 2011 11:34am Apr 27, 2011 11:34am
Quoting new attitude
dont you want to have short position if breakdown 1500$

or you trade only with trend?
for today i don't trade becoz of fomc and benny first Q&A meeting...only trade after that....and yes...for gold i prefer to buying just in corrections

regards
  • #229
  • Edited 12:31pm Apr 27, 2011 12:00pm | Edited 12:31pm
I read your post, your post are valuable for this thread. As per my analysis Gold already did retracment during to test 1491 for another upward movment, I am waiting 1519 ~ 1523 than i am expecting correction which will be around 1480. (Please edit my meaning "will be" possible not sure, litlle retracment i am sure like 1500) if hit 1480 than next wave brake all uper risistance record high.)

I am with you bulish in Xau.

(I m long from 1495 will exit 1520, than prefer to buy in correction)

Have a Nice Trade

Quoting shahroodi
for today i don't trade becoz of fomc and benny first Q&A meeting...only trade after that....and yes...for gold i prefer to buying just in corrections

regards
Trade what you see, Not what you think.
  • #230
  • Apr 27, 2011 12:06pm Apr 27, 2011 12:06pm
Quoting khizer
I read your post, your post are valuable for this thread. As per my analysis Gold already did retracment during to test 1491 for another upward movment, I am waiting 1519 ~ 1523 than i am expecting correction which will be around 1480.

I am with you bulish in Xau.

(I m long from 1495 will exit 1520, than prefer to buy in correction)

Have a Nice Trade
tks khizer
i think if benny doesn't surprise us today, gold can reach your target till end of this week(in 2 days ahead)

  • #231
  • Apr 27, 2011 12:20pm Apr 27, 2011 12:20pm
i am expecting it in today candle.
already placed tp 1521

Quoting shahroodi
tks khizer
i think if benny doesn't surprise us today, gold can reach your target till end of this week(in 2 days ahead)

Trade what you see, Not what you think.
  • #232
  • Apr 27, 2011 12:29pm Apr 27, 2011 12:29pm
Quoting khizer
i am expecting it in today candle.
already placed tp 1521
nice trade mate ...enjoy the profit

regards
  • #233
  • Apr 27, 2011 12:46pm Apr 27, 2011 12:46pm
Alhamdulillah I achived my Target closed n out at 1521.



Quoting khizer
As shown in pictuer 5th wave is waiting.
My first target as i told before is 1522 and i am very hope full for this target. Meanwhile i am also long from 1495.
Trade what you see, Not what you think.
  • #234
  • Apr 27, 2011 12:54pm Apr 27, 2011 12:54pm
Quoting khizer
Alhamdulillah I achived my Target closed n out at 1521.

congrat
  • #235
  • Apr 27, 2011 1:11pm Apr 27, 2011 1:11pm
Thank You..

(now waiting 1512

Quoting shahroodi
congrat
Trade what you see, Not what you think.
  • #236
  • Apr 27, 2011 1:34pm Apr 27, 2011 1:34pm
Hello every one.
this is my first post here.
thank you khizer for sharing your signals. I am newbie and win about usd 50.
thank you very much.
  • #237
  • Apr 28, 2011 1:36am Apr 28, 2011 1:36am
You are welcome

Quoting irq
Hello every one.
this is my first post here.
thank you khizer for sharing your signals. I am newbie and win about usd 50.
thank you very much.
Trade what you see, Not what you think.
  • #238
  • Apr 28, 2011 9:32am Apr 28, 2011 9:32am
Trying a short @ 1533.50

H4:
Attached Image (click to enlarge)
Click to Enlarge Name: Picture0055.jpg Size: 92 KB
Don't be a hero. Don't have an ego. Always question yourself
  • #239
  • Apr 28, 2011 10:33am Apr 28, 2011 10:33am
Quoting USD-Bear
Trying a short @ 1533.50

H4:
Attachment
wrong timing, stopped
Don't be a hero. Don't have an ego. Always question yourself
  • #240
  • Apr 29, 2011 9:41am Apr 29, 2011 9:41am
  •  G_Man
  • | Joined Aug 2009 | Status: getting ready for the next Battle | 781 Posts
shorting @ 1545
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