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All Majors and Gold

  • #2,501
  • Jan 17, 2013 1:31pm Jan 17, 2013 1:31pm
welcome sfurqan. Gno is the thread starter....and has some good incite!
  • #2,502
  • Jan 17, 2013 1:34pm Jan 17, 2013 1:34pm
Quoting gman29
welcome sfurqan. Gno is the thread starter....and has some good incite!
Thanks Gman.... i hope moderator & members are supportive here for less experience traders...
  • #2,503
  • Jan 17, 2013 1:39pm Jan 17, 2013 1:39pm
Yeah seems to be. The key is don't overleverage, especially with gold. And it is nice to post reason why you are taking a trade, either a chart or if using a trendline, fib whatever
  • #2,504
  • Jan 17, 2013 2:05pm Jan 17, 2013 2:05pm
Hello Guys!
I do not have many posts here but i do watch FF sometimes just for other opinions or looks.especially gold thread.
Here is my view.
We are in a short-term up trend as there are few factors pushing price up,first of all touching the strong demand area in 1620-1630, message about Germany,they want bring home significant part of their Gold home, so it is supportive for Gold(some of the gold has to be bought on Open market), China buying like a crazy etc....
From technical point of view, i think we are heading to see and test 18WMA (arround 1711 or a bit higher) as we've breached high 1695.40.
We need another test of that high to see direction as this was SL run.
I was buying bottom of the range around 1627 with big long and i am selling now to hedge my profits as i think we could still go lower from this point,so i want to be sure, i hedged 1/2 of my profits, other longs i am leaving running till 1710 area where i will close it.
If we can clearly breach 18WMA i will leave my long-term core position running until 1760,top of the descending channel from 2011,where will will see what happen.

We have many supportive factors for gold and silver right now,but sentiment is not really good as we have lack of physical demand(India) and from investors too,so i think we are heading down to buy gold cheaper:money also China do not rush to buy on higher prices so they will welcome lower prices too.

I am adding charts,as you can see i was buying dips on gold with tight SL under lows.
There is very important demand area between 1625-1605,if we clearly sink under it i think we are heading to 1530 area for sure.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gold daily chart.png Size: 114 KB
Click to Enlarge Name: gold 4 hrs.png Size: 100 KB
  • #2,505
  • Jan 17, 2013 4:03pm Jan 17, 2013 4:03pm
Quoting Cibi
Hello Guys!
I do not have many posts here but i do watch FF sometimes just for other opinions or looks.especially gold thread.
Here is my view.
We are in a short-term up trend as there are few factors pushing price up,first of all touching the strong demand area in 1620-1630, message about Germany,they want bring home significant part of their Gold home, so it is supportive for Gold(some of the gold has to be bought on Open market), China buying like a crazy etc....
From technical point of view, i think we are heading to see and test 18WMA (arround...
welcome Cibi and thanks for your post.....
i'll try to post my views tonight but go back to at least page 162 to read my views and others for this week....
Wooooohooooo or Boooooohooooo
  • #2,506
  • Jan 17, 2013 4:09pm Jan 17, 2013 4:09pm
1695 is definitely a key level. still remember i blew 3.5K in half an hour a while ago
Whatever is happening right now has happened before and will happen again.
  • #2,507
  • Jan 17, 2013 4:13pm Jan 17, 2013 4:13pm
Quoting sfurqan
where GOLD will go for closing this week?? I am seeing it above 1700-1720??
Welcome sfurqan and feel free to contribute. We are very friendly to pros or novice. Just follow rules on page one
Post charts and reason why your views are so
Thanks
G
Wooooohooooo or Boooooohooooo
  • #2,508
  • Jan 17, 2013 5:43pm Jan 17, 2013 5:43pm
Here’s my view tonight for gold
H4 candle
-yellow upward channel
--bottom channel is now support point from this morning’s low
--top channel is about the close of today’s price. We have to see if we bounce or pierce this trend line
-Blue upward channel
--bottom channel is today’s resistance with a slight overshoot
--top channel is about the top of the potential resistance of 170x
Current price is 1687
-a dip and close of h4 candle is should signal down move
-an upward swing close of h4 candle should signal upward momentum to upper blue channel trendline

Attached Image (click to enlarge)
Click to Enlarge Name: xaujan17h1channelbar.gif Size: 31 KB



M30
Brown upward channel adjusted to eliminate the high to low to high points and only the smaller candles
-same goes a dip will signal drop and a break above should continue swing
Stochastics
M15-oversold
H1-downward slope at about 70%
H4-downward slope at about 80%
D1-nearing 80% so upward move is very limited to $20
W1-is at about 20% very bullish


Attached Image (click to enlarge)
Click to Enlarge Name: xaujan17m30channelbar.gif Size: 27 KB


Overall gold most likely range from 1675-1700….take a pick where you will take position.
Buy on dips
Sell on tops
Wooooohooooo or Boooooohooooo
  • #2,509
  • Jan 18, 2013 4:33am Jan 18, 2013 4:33am
Quoting Cibi
Hello Guys!
I do not have many posts here but i do watch FF sometimes just for other opinions or looks.especially gold thread.
Here is my view.
We are in a short-term up trend as there are few factors pushing price up,first of all touching the strong demand area in 1620-1630, message about Germany,they want bring home significant part of their Gold home, so it is supportive for Gold(some of the gold has to be bought on Open market), China buying like a crazy etc....
From technical point of view, i think we are heading to see and test 18WMA (arround...

hmmm my charts also showin bit same story but Gold may travel to 1720 this week closing and next will be shown a downward trend and touch 1600 mark. so better to go for short after usd data today to confirm the sign of closing.
  • #2,510
  • Jan 18, 2013 4:36am Jan 18, 2013 4:36am
Quoting sfurqan
hmmm my charts also showin bit same story but Gold may travel to 1720 this week closing and next will be shown a downward trend and touch 1600 mark. so better to go for short after usd data today to confirm the sign of closing.
can you please post a chart so we can see your views....
thanks
G
Wooooohooooo or Boooooohooooo
  • #2,511
  • Jan 18, 2013 4:39am Jan 18, 2013 4:39am
G which platform r u using ? i just installed mt4 can u tell me some good indicators ?
  • #2,512
  • Jan 18, 2013 4:42am Jan 18, 2013 4:42am
Quoting Brocklesnar
G which platform r u using ? i just installed mt4 can u tell me some good indicators ?
look for trend.ex4 and pivotindicator on first 15 pages somewhere...
then the rest is standard i use
Wooooohooooo or Boooooohooooo
  • #2,513
  • Jan 18, 2013 4:42am Jan 18, 2013 4:42am
deepak where have you been?
Wooooohooooo or Boooooohooooo
  • #2,514
  • Jan 18, 2013 4:47am Jan 18, 2013 4:47am
so far this week profit

gold 450 16hrs tp triggered
ej 233 36hrs tp triggered
au 60 still in trade
nu 20 still in trade
total 763

need another 237 pips....maybe not.....
Wooooohooooo or Boooooohooooo
  • #2,515
  • Jan 18, 2013 4:57am Jan 18, 2013 4:57am
Quoting gnomoneey
so far this week profit

gold 450 16hrs tp triggered
ej 233 36hrs tp triggered
au 60 still in trade
nu 20 still in trade
total 763

need another 237 pips....maybe not.....
u r not trading EA these days ?
  • #2,516
  • Jan 18, 2013 5:23am Jan 18, 2013 5:23am
Quoting Brocklesnar
u r not trading EA these days ?
It wasn't a good signal to me
These four where at the time
Wooooohooooo or Boooooohooooo
  • #2,517
  • Jan 18, 2013 5:32am Jan 18, 2013 5:32am
Quoting gnomoneey
It wasn't a good signal to me
These four where at the time
ohkay what do u think no will it continue the uptrend or we will see reversal at this point ?
  • #2,518
  • Jan 18, 2013 5:34am Jan 18, 2013 5:34am
is it a bull flag on H1? Gold is going sideways
Attached Image (click to enlarge)
Click to Enlarge Name: 12.gif Size: 46 KB
  • #2,519
  • Jan 18, 2013 5:45am Jan 18, 2013 5:45am
helo im new here and still learning in trading ... from what i see its better to wait PA after 1688 / 1694 based on fibonacci 2 jan to 17 jan nice to know you all btw
  • #2,520
  • Jan 18, 2013 6:39am Jan 18, 2013 6:39am
welcome to the forum..

Quoting KeN26
helo im new here and still learning in trading ... from what i see its better to wait PA after 1688 / 1694 based on fibonacci 2 jan to 17 jan nice to know you all btw
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