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All Majors and Gold

  • #3,881
  • Apr 5, 2013 7:12am Apr 5, 2013 7:12am
gold from my ma's


upside
1562
1569
1581

downside
1553
1546
1541
Wooooohooooo or Boooooohooooo
  • #3,882
  • Apr 5, 2013 7:14am Apr 5, 2013 7:14am
Quoting gnomoneey
gold from my ma's upside 1562 1569 1581 downside 1553 1546 1541

I guest buyer waiting for the news b4 enter any long here.
  • #3,883
  • Apr 5, 2013 7:19am Apr 5, 2013 7:19am
for myself i'm still looking bearish but when will it turn ?
i think sometime this month or may
nfp usually is noise for gold.....meaning up then down..back to same area
the unemployment figures is what is more important to determine qe or not....which drives gold higher
but if there are hidden agendas outside then we will see that at play when with unexplained price change....


just my uneducated opinion
Wooooohooooo or Boooooohooooo
  • #3,884
  • Apr 5, 2013 7:19am Apr 5, 2013 7:19am
as things stand right now it looks very bearish to me.... but it will all depends where they want to take it on the news.
  • #3,885
  • Apr 5, 2013 7:22am Apr 5, 2013 7:22am
Quoting mark_it
The charts are the depiction of the constant struggle between bulls and bears. If you check your volume indicator in the build up to the 1556 break you can see there were plenty of buyers in the market, it stalled at this point i.e. the bears tried to push down, the bulls did eventually break it. Plenty of action for me, perhaps 'action' for you is something different - maybe bigger faster moves is more your cup of tea. 'fight', 'struggle', 'push/pull' it's all the same when talking about bull/bear relationship.
i know what volume is thanks

on any metric that i can see volume has been very low today - what you originally said could be construed as misleading given that nothing is happening before nfp

please don't patronise me
  • #3,886
  • Apr 5, 2013 7:25am Apr 5, 2013 7:25am
sell rumor buy news........prepare for spike
  • #3,887
  • Apr 5, 2013 7:26am Apr 5, 2013 7:26am
Quoting elekboy
sell rumor buy news........prepare for spike
whats the rumour? ))
  • #3,888
  • Apr 5, 2013 7:28am Apr 5, 2013 7:28am
Quoting lexazver
whats the rumour? ))
bad nfp data
  • #3,889
  • Apr 5, 2013 7:35am Apr 5, 2013 7:35am
short at 1564 and 1570 SL wide@1605
  • #3,890
  • Apr 5, 2013 7:37am Apr 5, 2013 7:37am
The bulls have been gathering for this since this morning, H1 MACD was the main key for me on this occasion
  • #3,891
  • Apr 5, 2013 7:39am Apr 5, 2013 7:39am
Quoting mark_it
The bulls have been gathering for this since this morning, H1 MACD was the main key for me on this occasion
I think it's gonna tank from here.
  • #3,892
  • Apr 5, 2013 7:43am Apr 5, 2013 7:43am
Quoting mark_it
The bulls have been gathering for this since this morning, H1 MACD was the main key for me on this occasion

Hi Mark, im new in gold. may I ask what news make gold flying high? good usa news or bad news?
  • #3,893
  • Apr 5, 2013 7:44am Apr 5, 2013 7:44am
Quoting elekboy
bad nfp data
bad nfp ...good rate
  • #3,894
  • Apr 5, 2013 7:44am Apr 5, 2013 7:44am
noise....that's all you get from nfp....

if price doesnt go higher from here in the next 5min
then it will drop...
Wooooohooooo or Boooooohooooo
  • #3,895
  • Apr 5, 2013 7:47am Apr 5, 2013 7:47am
im done made a shit load on ej.....

woooooohooooooosake
Wooooohooooo or Boooooohooooo
  • #3,896
  • Apr 5, 2013 7:50am Apr 5, 2013 7:50am
Quoting Gbpnewbird
Hi Mark, im new in gold. may I ask what news make gold flying high? good usa news or bad news?
bad economic news anywhere makes gold higher....most of the time....war....higher....natural disaster in major city or country....
Wooooohooooo or Boooooohooooo
  • #3,897
  • Apr 5, 2013 7:53am Apr 5, 2013 7:53am
Quoting Gbpnewbird
Hi Mark, im new in gold. may I ask what news make gold flying high? good usa news or bad news?
Hi Gbpnewbird,

It's not really whether the news is good or bad in my opinion, it's more to do with how traders react to the news.
Our challenge as traders is to try and calculate what the majority of the traders are going to do, and we want to be in that majority camp.
  • #3,898
  • Apr 5, 2013 7:54am Apr 5, 2013 7:54am
Quoting gnomoneey
bad economic news anywhere makes gold higher....most of the time....war....higher....natural disaster in major city or country....

Thxs for e answer.
  • #3,899
  • Apr 5, 2013 7:57am Apr 5, 2013 7:57am
my shorts are close now i am long waiting for a 1575 break if it happens, nfp was really bad but unemployment rate better than expected holding market i guess.
  • #3,900
  • Apr 5, 2013 7:57am Apr 5, 2013 7:57am
Quoting gnomoneey
gold from my ma's upside 1562 1569 1581 downside 1553 1546 1541
1562 hit
1569 hit
1582 next....unlikely with current price movement

staying above 1582 should start the new bull trend....but if price drops under 1560 and closes today then we are still bearish trend

ok guys gotta go for a jog and have late breakfast

good luck to all

G
Wooooohooooo or Boooooohooooo
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