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XAU/USD Spot Gold

  • #421
  • Aug 3, 2011 3:34am Aug 3, 2011 3:34am
Quoting Fmfx
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!
What you mean "Indian buying season"?

Yes, the first point where we can see short interest is the 1580, and 1475 is the target... WAS the target... Now conditions changed and i can see only 100-150$ drop from current levels... Then new high possible be made. And only after this highest high - bear market begin...
  • #422
  • Aug 3, 2011 3:50am Aug 3, 2011 3:50am
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 still going,...
The reason gold spiked so dramatically this morning was due to massive buying by the SNB (Swiss National Bank) in order to aleviate the massive current strength of the Swiss Franc. More intervention is forecast, so watch this space carefully
Now trading live
  • #423
  • Edited 4:36am Aug 3, 2011 4:04am | Edited 4:36am
Quoting ph3onix
The last chance to explain gold activity via channel? Nice try.

It's not a "try".

It's called technical analysis and it works.

At least I'm showing something concrete (without commentary so others can make up their own mind) as opposed to the unsupported assertion in your comment #421

Not interested in a flame war, so if you have something constructive to say that's fine.....

beeb

edit - just to show it's not only gold that one can trade via forks, here's 20min SI chart from which most people could see long entries:

http://www.screencast.com/t/cbcEcDlYfnS
  • #424
  • Aug 3, 2011 5:37am Aug 3, 2011 5:37am
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...
That's what BOE said when they sold gold at "peak" price of $256
Don't get mad, get even!
  • #425
  • Aug 3, 2011 7:08am Aug 3, 2011 7:08am
how high gold will be stopp ???? and when will be drop ? share plz
langsung WA aja bro update
  • #426
  • Aug 3, 2011 1:49pm Aug 3, 2011 1:49pm
I was stopped out yesterday, but today's short at 1669 looks more promising

tomorrow I would expect consolidation in the 1650 - 70 area, and the next move after US data

very hard to trade though, so I would keep stop at entry if short with profit, and if it starts to fall, I would be a buyer below 1600 with stop below 1580

main trend is still clearly bullish until 1550 - 1540 is breached. (unlikely)
1700 - 1800 is very possible before year ends

I would nevertheless expect a correction,and it could happen soon with any trigger, just be aware that the trend will remain bullish until European and US issues are over (that means next year if we are lucky....)

if you keep fighting the trend, you could hurt yourself
if you think instead that prices are to high to buy safely, avoid to trade it or do mini - lots with stops at entry when 3 - 4 $ profit is seen
  • #427
  • Aug 4, 2011 9:13am Aug 4, 2011 9:13am
Quoting fammira
I was stopped out yesterday, but today's short at 1669 looks more promising

tomorrow I would expect consolidation in the 1650 - 70 area, and the next move after US data

very hard to trade though, so I would keep stop at entry if short with profit, and if it starts to fall, I would be a buyer below 1600 with stop below 1580

main trend is still clearly bullish until 1550 - 1540 is breached. (unlikely)
1700 - 1800 is very possible before year ends

I would nevertheless expect a correction,and it could happen soon with any trigger, just be aware...

it looks like there is no stopping gold ...!

just when you thought it is to fall, up it goes...

the metal has been way overbought for the past 4 days. i cant believe it is still climbing !!!


man....!

i was waiting for a fall but it looks like it will never happen ??
  • #428
  • Aug 4, 2011 12:08pm Aug 4, 2011 12:08pm
Quoting whatfx
it looks like there is no stopping gold ...!

just when you thought it is to fall, up it goes...

the metal has been way overbought for the past 4 days. i cant believe it is still climbing !!!


man....!

i was waiting for a fall but it looks like it will never happen ??
seen the fall?

I have sold more at 1676 today, but closed too early
anyway profit is profit....

will short more tomorrow in the 1675 - 1700 area...
  • #429
  • Aug 4, 2011 12:29pm Aug 4, 2011 12:29pm
well.. SHIT.

today i learned to be humble.
again.

im out.
wish you all well

to others: remember to take your profits. everytime, many times.
nobody defaulted on profits.
  • #430
  • Aug 4, 2011 2:13pm Aug 4, 2011 2:13pm
Quoting fammira
seen the fall?

I have sold more at 1676 today, but closed too early
anyway profit is profit....

will short more tomorrow in the 1675 - 1700 area...

yep, just seen the fall. i missed it though, was too busy.

but what a fall !! i knew it was coming, just a matter of time.

you reckon its gonna fall more tomorrow ? me thinks its highly unlikely. due to the crisis in europe which is seeing the euro currencies crash badly. so gold can only go up. i have a hunch gold will move up tomorrow. but we will have to wait and see what the charts tell us tomorrow...

will be looking at potential shorts on gu and eu. we shall see....
  • #431
  • Aug 4, 2011 2:14pm Aug 4, 2011 2:14pm
Quoting Vesoao
well.. SHIT.

today i learned to be humble.
again.

im out.
wish you all well

to others: remember to take your profits. everytime, many times.
nobody defaulted on profits.

what happened to you vesoao ??
  • #432
  • Aug 4, 2011 3:14pm Aug 4, 2011 3:14pm
Quoting whatfx
yep, just seen the fall. i missed it though, was too busy.

but what a fall !! i knew it was coming, just a matter of time.

you reckon its gonna fall more tomorrow ? me thinks its highly unlikely. due to the crisis in europe which is seeing the euro currencies crash badly. so gold can only go up. i have a hunch gold will move up tomorrow. but we will have to wait and see what the charts tell us tomorrow...

will be looking at potential shorts on gu and eu. we shall see....
don't think it will go up tomorrow, as more profit taking will be seen, at least until US data
  • #433
  • Aug 4, 2011 3:19pm Aug 4, 2011 3:19pm
Quoting fammira
don't think it will go up tomorrow, as more profit taking will be seen, at least until US data

ok. i will see what the charts show tomorrow morning..

do you reckon there is going to be a gold crash ...
  • #434
  • Edited Aug 5, 2011 4:48am Aug 4, 2011 4:11pm | Edited Aug 5, 2011 4:48am
bit of perspective people - gold hasn't even retraced the amount it's gone up this month (yet)....

beeb
  • #435
  • Aug 5, 2011 3:39am Aug 5, 2011 3:39am
Quoting fammira
don't think it will go up tomorrow, as more profit taking will be seen, at least until US data

just as i predicted, gold has indeed gone up today..
  • #436
  • Aug 6, 2011 5:55am Aug 6, 2011 5:55am
Bulls should be very careful.
Attached Image (click to enlarge)
Click to Enlarge Name: GOLD.png Size: 61 KB
  • #437
  • Aug 6, 2011 12:18pm Aug 6, 2011 12:18pm
Quoting GoldMan.
Bulls should be very careful.
a new rise in the 1670 - 1700 area could lead to a very nice drop

sell the rally in the first two days of next week...
  • #438
  • Aug 6, 2011 12:20pm Aug 6, 2011 12:20pm
Quoting whatfx
just as i predicted, gold has indeed gone up today..
yes, it had positive net change, but still we have lower lows and lower highs....would sell on strenght next week
  • #439
  • Aug 6, 2011 12:56pm Aug 6, 2011 12:56pm
Would suggest being very careful either way - the markets have some extraordinary news to digest and imho it will take some while for new/continuing trends to establish.....

This is as good immediate analysis as I have seen:

http://kingworldnews.com/kingworldne...t_Markets.html


beeb
  • #440
  • Aug 6, 2011 1:03pm Aug 6, 2011 1:03pm
Quoting beeb
Would suggest being very careful either way - the markets have some extraordinary news to digest and imho it will take some while for new/continuing trends to establish.....

This is as good immediate analysis as I have seen:

http://kingworldnews.com/kingworldne...t_Markets.html


beeb

dont agree with it at all..the guy is talking rubbish
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