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  • #1,001
  • Aug 21, 2013 6:14am Aug 21, 2013 6:14am
Possible ABC
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  • #1,002
  • Aug 21, 2013 7:56am Aug 21, 2013 7:56am
Quoting seaman2
rumour soros longed gold.
Maybe, but why would John Paulson dump gold if insiders like Soros were buying? Likely he would have held onto gold went higher, cutting his losses even more or perhaps profiting.
"The market can remain irrational longer than you can remain solvent"
  • #1,003
  • Aug 21, 2013 8:38am Aug 21, 2013 8:38am
Quoting anton.olff
{quote} Maybe, but why would John Paulson dump gold if insiders like Soros were buying? Likely he would have held onto gold went higher, cutting his losses even more or perhaps profiting.
Is "rumor" hahaha. Last time I checked, they are done liquidating that's why gold has been going up -- no more big hedge fund selling. Today will be an interesting day for the weeks to come.
  • #1,004
  • Aug 21, 2013 8:51am Aug 21, 2013 8:51am
Technical Outlook on current PA:

IMO i'm short - we are in a diamond SR at present based on the 4HR chart and currently midway. News later on today is obviously going to kick this pair up or knock it down.

1386 taken out and I will be waiting for a long entry based on a clean close.

1339 taken out and I will be waiting for a short entry based on a clean close.
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To live a successful life, we must lose our fear of being wrong
  • #1,005
  • Aug 21, 2013 8:55am Aug 21, 2013 8:55am
can any one tell me target and SL for long term in gold?
  • #1,006
  • Aug 21, 2013 8:55am Aug 21, 2013 8:55am
Feds tapering news could turn markets treacherous. We have to wait for the FOMC. I am sure he is gonna ask for more data to be looked into. As far as gold is concerned, it is following its seasonal trend. Please follow the news of FOMC to immediately shun losses on long positions if tapering is about 20 - 25 billion a month and they are being implemented by September.

Else its 1422 all the way. There is a dark cloud cover pattern on gold today
  • #1,007
  • Aug 21, 2013 9:00am Aug 21, 2013 9:00am
Quoting devang
can any one tell me target and SL for long term in gold?
The current rise seems to be over near 1422 for a mighty correction towards 1174 and 1080 which is the production cost for gold. There is a quadruple buy signal but you never know when bernanke would spring surprises to topple trends and markets temporarily showing that US is on its way to recovery without any consumer confidence.
  • #1,008
  • Aug 21, 2013 1:10pm Aug 21, 2013 1:10pm
Hope we get a nice move down with the current 4HR candle 19:00-23:00 GMT. Plenty of pips left on todays range referring to the ADR. 1374 support has been holding nicely this week.
To live a successful life, we must lose our fear of being wrong
  • #1,009
  • Aug 21, 2013 1:13pm Aug 21, 2013 1:13pm
So, the Fed has spoken. What did they say? They want to taper, they may do tapering, but they may not do tapering????
"The market can remain irrational longer than you can remain solvent"
  • #1,010
  • Aug 21, 2013 1:16pm Aug 21, 2013 1:16pm
Quoting anton.olff
So, the Fed has spoken. What did they say? They want to taper, they may do tapering, but they may not do tapering????
News influences the market in a major and minor way but at the end of the day whatever get's said is always nonsense.
To live a successful life, we must lose our fear of being wrong
  • #1,011
  • Aug 21, 2013 2:07pm Aug 21, 2013 2:07pm
Quoting EatPIPs
{quote} News influences the market in a major and minor way but at the end of the day whatever get's said is always nonsense.
Nonsense with market influence!!

Going to be interesting to see what Asian session does with this, especially with China manufacturing news.
"The market can remain irrational longer than you can remain solvent"
  • #1,012
  • Aug 21, 2013 4:04pm Aug 21, 2013 4:04pm
Quoting anton.olff
{quote} Maybe, but why would John Paulson dump gold if insiders like Soros were buying? Likely he would have held onto gold went higher, cutting his losses even more or perhaps profiting.
well, maybe soros bought after paulson stopped. presume this is realively easy to figure out.

it's rumour anyway.
  • #1,013
  • Aug 21, 2013 4:12pm Aug 21, 2013 4:12pm
Quoting seaman2
{quote} well, maybe soros bought after paulson stopped. presume this is realively easy to figure out. it's rumour anyway.
Who knows. The real news is FOMC, which is no news at all. I closed my short for a small profit as the Chinese news later on, as well as U.S. unemployment claims tomorrow might be more decisive.
"The market can remain irrational longer than you can remain solvent"
  • #1,014
  • Aug 22, 2013 2:26am Aug 22, 2013 2:26am
Quoting EatPIPs
Technical Outlook on current PA: IMO i'm short - we are in a diamond SR at present based on the 4HR chart and currently midway. News later on today is obviously going to kick this pair up or knock it down. 1386 taken out and I will be waiting for a long entry based on a clean close. 1339 taken out and I will be waiting for a short entry based on a clean close. {image}
We are back to the middle of the diamond zone again where we were at yesterday which is now actually a support line for me, has been for 14 previous 4HR candles. Covered my shorts still with SL @ BE + some.

I think today I may change bias and start building on my longs if we can't break out lower of this zone.
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To live a successful life, we must lose our fear of being wrong
  • #1,015
  • Aug 22, 2013 2:57am Aug 22, 2013 2:57am
Quoting EatPIPs
{quote} We are back to the middle of the diamond zone again where we were at yesterday which is now actually a support line for me, has been for 14 previous 4HR candles. Covered my shorts still with SL @ BE + some. I think today I may change bias and start building on my longs if we can't break out lower of this zone. {image}
Shorts been hit by + SL.

Sitting on the sidelines for now for a clearer picture - perhaps 13:30 GMT today.
To live a successful life, we must lose our fear of being wrong
  • #1,016
  • Aug 22, 2013 3:31am Aug 22, 2013 3:31am
My friend is here too EatPips

Happy to see you here , I am short gold from here TP : 1360
  • #1,017
  • Aug 22, 2013 3:31am Aug 22, 2013 3:31am
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Perfect 12345 Elliot Wave pattern created

gone short again at 1371 with stop loss at 1380 price target around 1330 - 1320
  • #1,018
  • Aug 22, 2013 3:48am Aug 22, 2013 3:48am
Quoting netera
My friend is here too EatPips Happy to see you here , I am short gold from here TP : 1360
Hey dude

I actually opened two longs after my shorts closed looking at 1381.7 and 1414 (longer trade). Pierced through this minor channel looking to see where the 4HR closes. 1372 still holding strong resistance.
To live a successful life, we must lose our fear of being wrong
  • #1,019
  • Aug 22, 2013 6:30am Aug 22, 2013 6:30am
German PMI number positive. Took look risk short from 1,370 with stop at 1,391 and TP at 1,321. Don't think it will make it down that far today, but will let it run if U.S. unemployment number at or below expectations.
"The market can remain irrational longer than you can remain solvent"
  • #1,020
  • Aug 22, 2013 7:53am Aug 22, 2013 7:53am
Took out short trade with small profit after U.S. Unemployment indicated a slight increase, plus revision to last report. Market is very choppy without a real direction. Back to the sidelines.
"The market can remain irrational longer than you can remain solvent"
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