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  • #621
  • Jul 17, 2013 9:42am Jul 17, 2013 9:42am
Quoting jest1081
im just buying and forget any notable retracement on the daily charts will be used as a chance to load load load
Just bought some (previous lot TP'd at 1299.77)
But doubt it will test 1300 again today.
No more news to add such volatility will wait for asian session.
  • #622
  • Jul 17, 2013 9:44am Jul 17, 2013 9:44am
I would try to share how I analyze the current scenario, here below it goes.

Is it really flying high? particularly after last Friday, after creating a high near 1300?

I would consider it climbing high if it were creating a new high every other day, even a $2 new high above previous top would be considered good. The way I see its running out of steam, within an hr or two after it has possibly touched 1305, it'll run out of SLs in the top zone. Going forward, if it can sustain this sideways & climbing nature until Friday, I would agree with touching even 1350 & so on.


How high is new high & at what cost?

Each time it has to climb, first it has go down like 10 - 20 $s before it can bounce & create a new top which is like 2 - 5 $s higher than previous top. So, what exact is the situation? I would say it entices people to sell when it goes down thus, finding new SLs in the top zone giving it a reason to climb.


How long will new SLs keep coming in the top area?

This liquid is about to dry up within this US session.

If its coming down & keeps coming down until Fri, I'll re-go long.
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  • #623
  • Jul 17, 2013 9:48am Jul 17, 2013 9:48am
Quoting ClockTrader
Each time it has to climb, first it has go down like 10 - 20 $s before it can bounce & create a new top which is like 2 - 5 $s higher than previous top.
Totally agree
  • #624
  • Jul 17, 2013 9:52am Jul 17, 2013 9:52am
Daannngggggg, while I was busy making this chart, here I post & look back at the price, its down to 1280 boooom, there it goes.
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  • #625
  • Jul 17, 2013 9:54am Jul 17, 2013 9:54am
Quoting ClockTrader
Daannngggggg, while I was busy making this chart, here I post & look back at the price, its down to 1280 boooom, there it goes.

Yup. Got one long @ 1285 and added one @ 1278. But not sure if we have remaining volatility for today.
  • #626
  • Jul 17, 2013 9:58am Jul 17, 2013 9:58am
Quoting Super_Mario
{quote} Yup. Got one long @ 1285 and added one @ 1278. But not sure if we have remaining volatility for today.
There should be some volatility for another hr. or two.
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  • #627
  • Jul 17, 2013 10:06am Jul 17, 2013 10:06am
Quoting ClockTrader
{quote} There should be some volatility for another hr. or two.

Imo they grabbed all the limit orders from 1300 area and all the downfall was on their stops/margincalls.
Now loading the minecart again.
  • #628
  • Jul 17, 2013 10:09am Jul 17, 2013 10:09am
Quoting Super_Mario
{quote} Imo they grabbed all the limit orders from 1300 area and all the downfall was on their stops/margincalls. Now loading the minecart again.
ha-ha, you sound so right mate. tricky & techy.
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  • #629
  • Jul 17, 2013 10:17am Jul 17, 2013 10:17am
Quoting ClockTrader
{quote} ha-ha, you sound so right mate. tricky & techy.

Just today is extremely speculator's day.
Starting from GBP news, following by USD news and now our old chap Bernake shaking markets again.
Honestly there were nothing such fundamental to cause this.
Only speculator's games. Well they done well, I must admit it.
  • #630
  • Jul 17, 2013 10:28am Jul 17, 2013 10:28am
Quoting Super_Mario
{quote} Just today is extremely speculator's day. Starting from GBP news, following by USD news and now our old chap Bernake shaking markets again. Honestly there were nothing such fundamental to cause this. Only speculator's games. Well they done well, I must admit it.
Well, I believe its game of liquid. I love reading news & related articles, but I would never take a position on the basis of news. If my technicals & analysis align well with the news, that would just be a co-incidence.
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  • #631
  • Jul 17, 2013 10:38am Jul 17, 2013 10:38am
hmmmmmmm! can gold kiss 1250 ?today or next day?waiting
  • #632
  • Jul 17, 2013 10:43am Jul 17, 2013 10:43am
Quoting chip_8088
hmmmmmmm! can gold kiss 1250 ?today or next day?waiting
VERY MUCH POSSIBLE, but, doesn't look like coming to that area today.
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  • #633
  • Jul 17, 2013 10:54am Jul 17, 2013 10:54am
what country has loss huge money when gold gone down!when ETF sell gold! phisical gold move to asisa maket,especial indian,but now China is bying biger!shanghai exchance maket concentrated a huge of gold in may ,june!
some one need money and have to sell gold but this is an oppotunity for another one to buy it
but it like the game !the seller want it go down more ,and when they have enough money ,they will rebuy gold,
so ithing go will down more !
it will up up up again ,but need year to year
this my opinion
  • #634
  • Jul 17, 2013 10:59am Jul 17, 2013 10:59am
Quoting chip_8088
what country has loss huge money when gold gone down!when ETF sell gold! phisical gold move to asisa maket,especial indian,but now China is bying biger!shanghai exchance maket concentrated a huge of gold in may ,june! some one need money and have to sell gold but this is an oppotunity for another one to buy it but it like the game !the seller want it go down more ,and when they have enough money ,they will rebuy gold, so ithing go will down more ! it will up up up again ,but need year to year this my opinion

i still remember when South Korea buying 25 ton gold at 1900 price .....
  • #635
  • Jul 17, 2013 11:12am Jul 17, 2013 11:12am
remember!shibor in china last2 week they need money ,they have much money but maybe they buy much gold and keep it (the people too)
i think in currency war ,have gold war too(becausw gold is money too)
someone said to us that gold do not make any benefit and want us believe that gold is not money and advise us to sell gold!
they will buy it !every time gold down, they buy more and want it more down!they dont want it up righ now!they want it more more down and

hichic hic ,sorry every one here!my english is not very well ,so i will translate my opinion later!

but i thing gold down is a scheme!some Big one want to lay a scheme!it is not simple
  • #636
  • Jul 17, 2013 11:19am Jul 17, 2013 11:19am
Very nice short setup building on 4hr Tf. possibility to sink below 1250
  • #637
  • Jul 17, 2013 11:22am Jul 17, 2013 11:22am
Quoting chip_8088
remember!shibor in china last2 week they need money ,they have much money but maybe they buy much gold and keep it (the people too) i think in currency war ,have gold war too(becausw gold is money too) someone said to us that gold do not make any benefit and want us believe that gold is not money and advise us to sell gold! they will buy it !every time gold down, they buy more and want it more down!they dont want it up righ now!they want it more more down and hichic hic ,sorry every one here!my english is not very well ,so i will translate my opinion...
Whats your mother language? Have you ever tried Google Translator? I'm not sure how good it is.
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  • #638
  • Jul 17, 2013 11:24am Jul 17, 2013 11:24am
Damn! Was away from monitor, lost my chance to add long @1270-71. Hope they push it down again to 1270 or less today. Someone mentioned 1250 - maybe tomorrow (i hope). Tomorrow is news-rich day aswell.
  • #639
  • Jul 17, 2013 11:26am Jul 17, 2013 11:26am
Quoting ClockTrader
I would never take a position on the basis of news.
Same here, but i must admit that news give impulses to the market. Especially in gold which last few weeks is like flat-flat-flat-WOW-flat-flat-flat-WOW-WOW-WOW
  • #640
  • Jul 17, 2013 11:27am Jul 17, 2013 11:27am
Quoting ClockTrader
{quote} Whats your mother language? Have you ever tried Google Translator? I'm not sure how good it is.

i am from Viet Nam! and i'm newbe here,thank for this thread! very please to read and to learn frome everyone here!
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