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XAU/USD Spot Gold

  • #401
  • Aug 1, 2011 1:36pm Aug 1, 2011 1:36pm
it appears to me gold is rangebound between levels 1600 and 1635. unless it breaks either of these levels, nothing much to shout about
  • #402
  • Aug 1, 2011 3:30pm Aug 1, 2011 3:30pm
Quoting whatfx
it appears to me gold is rangebound between levels 1600 and 1635. unless it breaks either of these levels, nothing much to shout about
Big range, picking tops and bottoms of a $35 range... what more would one want.
350 pips range
Don't get mad, get even!
  • #403
  • Aug 1, 2011 3:37pm Aug 1, 2011 3:37pm
some more reading here:
http://online.barrons.com/article/SB..._share_twitter

& a nice blog here:
http://lhmarketwatch.blogspot.com/

also, indian wedding season coming in september..
bumpy road ahead, many pips to be made for sho'
  • #404
  • Aug 2, 2011 2:15am Aug 2, 2011 2:15am
2 agust 2011 daily gold INDICATOR VALUE
STOCH (14) ↓ 87.52
RSI (14) ↓ 66.07
MACD (9) ↓ 23.03
PAR SAR (9) ↑ 1602.30
EMA (20) ↑ 1603.74
EMA (50) ↑ 1584.63

RANGE today moved 1610.00 – 1640.00
Support Resistance
1 1600.00 1650.50
2 1575.30 1680.00

Short Medium Long ----------S2 S1 Pivot Point R1 R2
Bullish Bullish Bullish 1594.30 1606.70 1619.30 1631.70 1644.40

* Prices shown are still firmly in position (steady), meaning that the indication
possible bullish trendline resistance remains strong with 38.2% Fibonacci
Fan (top) to test its strength. If would have
correction, estimated to be only limited and relatively restrained in the area above the
The 1600s.
* The indication above do not rule out going to happen recordbreaking
advanced. Once this happens, at least this week, then this rally
can be sustained until the following weeks. Some analysts
predict, there are times when the price will be overbought, but still
visible


i think
today if gold stay around 1615 it will be down to 1610-1609 to S1(1606)
if gold stay in area 1618-1621 it will be up to 1625 and to R1 (1631)

http://www.forexfactory.com/showthre...04#post4828604
langsung WA aja bro update
  • #405
  • Aug 2, 2011 3:38am Aug 2, 2011 3:38am
Quoting BeeBee
1628.50 just bought...
if there's 1625/26 will further buy
target above 1640
waiting to buy more when goes up 1630....
target unchanged, hmmm, maybe should look further up!
  • #406
  • Edited 9:19am Aug 2, 2011 3:43am | Edited 9:19am
Quoting BeeBee
waiting to buy more when goes up 1630....
target unchanged, hmmm, maybe should look further up!

Dunno how that strategy has worked for you in the past but IMHO break-outs in pm's often turn into a quick reversal (albeit temporary).....Have you thought of buying at support rather than when resistance breaks?

beeb
  • #407
  • Aug 2, 2011 7:05am Aug 2, 2011 7:05am
Quoting BeeBee
waiting to buy more when goes up 1630....
target unchanged, hmmm, maybe should look further up!
when reach 1637, will start to close buy orders
currenty put a stop at 1624.50
  • #408
  • Aug 2, 2011 8:04am Aug 2, 2011 8:04am
Quoting BeeBee
when reach 1637, will start to close buy orders
currenty put a stop at 1624.50
1637 and 1640 both settled ....
the rest will still on the way. if hit 1624.50 then stop out, otherwise keep looking up. expected to settle at beyond 1644
  • #409
  • Aug 2, 2011 8:17am Aug 2, 2011 8:17am
Quoting beeb
Dunno how that stratgegy has worked for you in the past but IMHO break-outs in pm's often turn into a quick reversal (albeit temporary).....Have you thought of buying at support rather than when resistance breaks?

beeb
thanks for ur advice
but i am just a beginner and know not much about trading.
i dont look at support nor resistance, so i dont really sure whether it broke or not.
  • #410
  • Aug 2, 2011 9:34am Aug 2, 2011 9:34am
Quoting BeeBee
thanks for ur advice
but i am just a beginner and know not much about trading.
i dont look at support nor resistance, so i dont really sure whether it broke or not.
Oh OK - it might be an idea to look into t.a. as some people find it quite helpful on occasions.......



beeb
  • #411
  • Aug 2, 2011 9:57am Aug 2, 2011 9:57am
gold stop at 1640 and will be flat area 1636-1639
but whenever can be drop $7-10 until closed market after gold up $21
langsung WA aja bro update
  • #412
  • Aug 2, 2011 11:24am Aug 2, 2011 11:24am
Quoting donny 1986
gold stop at 1640 and will be flat area 1636-1639
but whenever can be drop $7-10 until closed market after gold up $21
Ciao Donny,

I sold at 1641, resistance is at 1644 and more at 1655.
These should be good entry to increase for a short term drop that could be consistent.

If bill passes today, I expect drop to flirt with 1600, and if US rating is not downgraded, there is potency to 1550 - 1560.

Medium term, it's though evidently a strong bullish trend.....
  • #413
  • Aug 2, 2011 1:38pm Aug 2, 2011 1:38pm
Quoting BeeBee
1637 and 1640 both settled ....
the rest will still on the way. if hit 1624.50 then stop out, otherwise keep looking up. expected to settle at beyond 1644
1644.00 already settled all buy orders
  • #414
  • Aug 2, 2011 3:52pm Aug 2, 2011 3:52pm
what on earth just happened to gold ?

it shot up almost 40 pips today ! golly miss molly !!

i honestly thought there was strong resistance at 1635-1640, and it would be hard for it to break through that for at least the next couple of weeks.

i was actually waiting to take a short trade at those levels. so i set a sell order at level 1638 and was out all day.

now that i have returned, my short order is minus - 20 pips !

what happened ??? does anyone know why gold shot up so fast ?

luckily i still have my original long trade still going, so made about 40 pips on that. but my short trade loss is a huge dissapointment.

i think i will just close the short trade now...
  • #415
  • Aug 2, 2011 4:15pm Aug 2, 2011 4:15pm
Quoting whatfx
what on earth just happened to gold ?

it shot up almost 40 pips today ! golly miss molly !!

i honestly thought there was strong resistance at 1635-1640, and it would be hard for it to break through that for at least the next couple of weeks.

i was actually waiting to take a short trade at those levels. so i set a sell order at level 1638 and was out all day.

now that i have returned, my short order is minus - 20 pips !

what happened ??? does anyone know why gold shot up so fast ?

luckily i still have my original long trade...
Why would there be any resistance if it's unchartered territory? Nobody is shorting gold other then a few retail traders desperately blowing accounts trying to pick a top here.
Don't get mad, get even!
  • #416
  • Aug 2, 2011 8:05pm Aug 2, 2011 8:05pm
There are really people surprised at Gold going up?

No disrespect but, c'mon folks!
  • #417
  • Aug 3, 2011 2:15am Aug 3, 2011 2:15am
Quoting stulic
Why would there be any resistance if it's unchartered territory? Nobody is shorting gold other then a few retail traders desperately blowing accounts trying to pick a top here.
Right, what support can be found if nothing can be clear here? Gold should grow up till 100000000000000000000$ without any retraces, and only then people MAYBE begin to understand that something wrong with gold price...
  • #418
  • Aug 3, 2011 3:13am Aug 3, 2011 3:13am
20min GC

http://www.screencast.com/t/D9paGDq2oE

beeb
  • #419
  • Aug 3, 2011 3:19am Aug 3, 2011 3:19am
Quoting beeb
20min GC

http://www.screencast.com/t/D9paGDq2oE

beeb
The last chance to explain gold activity via channel? Nice try.
  • #420
  • Aug 3, 2011 3:27am Aug 3, 2011 3:27am
Quoting ph3onix
Right, what support can be found if nothing can be clear here? Gold should grow up till 100000000000000000000$ without any retraces, and only then people MAYBE begin to understand that something wrong with gold price...
At least here you can talk about the possibility of a drop in price gold... In the other forum you will be censored ASAP!

It is August and we will see what happens if gold price drops to $1550 just before Indian buying season...

Keep buying bulls... We will need your money when the price begins to fall... I recall the same arguments at 1575 and price fell to 1460!
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