XAU/USD Spot Gold

My personal opinion,.. overall trend may be up, but near term, I am expecting to see it fall to 1578 level.
If prices cannot hold that strong support level, we may be looking below 1500.
My bias is down.. any push for it to go up, may eventually be evaporated.

I hv lost a few thousands trying to trade gold/silver, but decided to be more discipline when I am down to a couple of hundreds in my trading account. Every since I start writing my trading journey, my accounts is slowly growing... when I bring it up to my initial capital level, I will trade at a higher sum. Right now,..with my conservative view,.. I am placing my money on it moving downwards,..despite all the positive reports I am reading about gold .
For those interested and share the journey with me, my blog is http://inlovewithgold.blogspot.com

Cheers,

hi, im newbie here. im really excited to see gold's fast movement in trading, easy to make money and lose money. i would like to know what are the areas i need to focus when trading gold, and would deposit of usd200 be good enough to start the trade...?


EDITED:
i should add another zero to my deposit then. just read august21's blog about his starting capital. it was insane to think i traded gold with depo usd100 previously, although i did make some huge gains, but later on ended up giving back the whole thing to the market.

guys again

after being in gold business for last 8 months i can still predict that gold might make back to 1630 or 1603 but it will not break to less than 1600 if there is a default in euro zone then it does not mean that gold will go up it might push gold back to these levels due to imense selling ......... guys please i wanna see comments on my predictions i can predict on basis the way gold has come back from 1900 back to 1535 ........

How do u make prediction?

whats the link for the cot ?

I'm new the spot gold trading, Can anyone tell the me daily volumes in the XAU/USD pair, Are the volumes good enough to trade. I also want to know how is the liquidity and daily range for this pair. Thank you!

Gold uptrend still remain. It has broken 1600 important support, but we yet to confirm trend reversal. Based on the negative correlation with USDX (-61), Gold may have tendency to break 1500.


Looking at the daily chart, Gold formed a couple of lower highs. This is a early signal of trend reversal.


http://lcchong.files.wordpress.com/2...ng?w=837&h=379


http://lcchong.files.wordpress.com/2...ng?w=837&h=379

im still bearish on gold at least 1500 first...

Gold managed to bounced on the uptrend line and 1531 support, then returned above 1600. The current dynamic resistance is 200SMA, and the stable dynamic resistance is 1640. In long term, Gold is in the uptrend channel.

I expect that Gold will go through more volatile movement in this week.

http://lcchong.files.wordpress.com/2...ng?w=837&h=380

Here:
U.S. Commodity Futures Trading Commission

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Via forming of a shark pattern and positive divergence the same time, As you can see in H4 we are observing price reversal. Based on the time fulfillment we are expecting to have gains in price in the metal if there is a pressure in demand in the market.

I think 1415 will be a strong resistance for gold

Hi, it looks like that the miners and Gold bottomed in early July. This intermediate move should last about 10 more weeks, I will keep all my position in this sector during all this intermediate trend. Good trades to all!

Gold Prices are expected to witness a jerk near Mid September given the Federal Reserve announces the tapering Schedule. If the so called US Leaders refrains from delivering any comments (as they have been), Gold prices are expected to test important resistance level $1480, breaking which it would be in normal range of $1500-1550. On the down side, a sustained break below $1300 is required to let the metal test $1100.

1460-1480 is resistance, a pull back could occur at this level. The intermediate trend is up, it should go much higher in the next months, the Fed had not any choice because of the monster debt level...

IMO with the major pullback we saw during the end of the week and gold ending up under the 1400$ bar + the pending US action on Syria could potentially make a great buying opportunity. I think it will continue the pullback on Tuesday, testing the 1380's area and then shooting back up when the situation in Syria has cleared. We are also waiting for the taper decision. Good Luck!