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  • #1,021
  • Aug 22, 2013 8:48am Aug 22, 2013 8:48am
Quoting anton.olff
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.
I am still sticking with it lets hope it goes down !
  • #1,022
  • Aug 22, 2013 9:16am Aug 22, 2013 9:16am
Yep took out the longs with small profit back in with the shorts now.

It's a very uncertain market at the moment.
To live a successful life, we must lose our fear of being wrong
  • #1,023
  • Aug 22, 2013 9:45am Aug 22, 2013 9:45am
hi
i'm new here, hope luck for all of you guys.
  • #1,024
  • Aug 22, 2013 11:26am Aug 22, 2013 11:26am
As the Tbond is close to 4% I think we are close to the end of rates rise. Is the gold moment coming?
  • #1,025
  • Aug 22, 2013 7:19pm Aug 22, 2013 7:19pm
Quoting EatPIPs
Yep took out the longs with small profit back in with the shorts now. It's a very uncertain market at the moment.
Despite the lack of direction, I'm in a low risk short from 1,375. First target is 1,346....
"The market can remain irrational longer than you can remain solvent"
  • #1,026
  • Aug 23, 2013 4:18am Aug 23, 2013 4:18am
Quoting anton.olff
{quote} Despite the lack of direction, I'm in a low risk short from 1,375. First target is 1,346....
Yep still holding onto the shorts I reopened yesterday. I have 3 open with 3 targets. 1363 being T1.
To live a successful life, we must lose our fear of being wrong
  • #1,027
  • Aug 23, 2013 4:21am Aug 23, 2013 4:21am
My gold chart for today. 1380-1384 zone held nicely yesterday.
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD1.JPG Size: 42 KB
  • #1,028
  • Aug 23, 2013 9:31am Aug 23, 2013 9:31am
Got out of short with small profit, now long to 1,420.
"The market can remain irrational longer than you can remain solvent"
  • #1,029
  • Aug 23, 2013 9:37am Aug 23, 2013 9:37am
Quoting anton.olff
Got out of short with small profit, now long to 1,420.
Got greedy and when my shorts were in profit I let them run which eventually ended up hitting my SL with a loss.

Long now also similar target.
To live a successful life, we must lose our fear of being wrong
  • #1,030
  • Aug 23, 2013 9:55am Aug 23, 2013 9:55am
Quoting EatPIPs
{quote} Got greedy and when my shorts were in profit I let them run which eventually ended up hitting my SL with a loss. Long now also similar target.
I understand. When markets are choppy without direction, I take small profits. Now, I think market has a "trend"...though not sure how long it will last.
"The market can remain irrational longer than you can remain solvent"
  • #1,031
  • Aug 23, 2013 10:03am Aug 23, 2013 10:03am
Resistance @ 1397 level. If it breaks, good!
  • #1,032
  • Aug 23, 2013 3:17pm Aug 23, 2013 3:17pm
Quoting seaman2
{quote} duno. but what I know that there is too many shorts and would be longs waiting around 1000 area. Sharp move up will kill couple of birds : 1. force shorts to cover 2. force ones that wait at 1000 to buy at much higher prices as they will get afraid that they will miss move to 10k. 3 force gold bugs that gave up and sold in disgust to jump on the wagon again. mumbling about china stimulus centred in west china is getting louder so here is your fundamental reason. http://usa.chinadaily.com.cn/china/2...t_16905696.htm...
gold behaves as per above scenario.

expect shock & awe move up above 1450, once big guys start covering or jumping in, realising yet again TA is useless.
  • #1,033
  • Aug 24, 2013 3:47pm Aug 24, 2013 3:47pm
Another confirmation on gold, when operators are all negative and pessimistic....let's buy!!!
  • #1,034
  • Aug 26, 2013 4:44am Aug 26, 2013 4:44am
My bias is to the upside. Looking to go long from 1383-1380 area.
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD11.JPG Size: 43 KB
  • #1,035
  • Aug 26, 2013 8:01am Aug 26, 2013 8:01am
Quoting Scalptastic
My bias is to the upside. Looking to go long from 1383-1380 area. {image}
Yes, maybe longs from this area through 1,388. it already broke the 1,400 resistance, and even with very light volume it is likely to extend a bit further, perhaps to 1,420.
"The market can remain irrational longer than you can remain solvent"
  • #1,036
  • Aug 26, 2013 4:45pm Aug 26, 2013 4:45pm
war in Syria seem nearly guaranteed accompanied with gold crossing 1400. I guess people with lots of cash in Syria will want to buy gold so they can move wealth out of country with least damage.

Why would otherwise gold rise on such news ? Just to buy like an idiot with spare cash gold, because there is war coming, is dumb. I think food makes much more sense.

Anyway, escalation could propel gold up and trigger sharp shortcovering above 1450.

Manipulation down followed now with manipulation up.
  • #1,037
  • Aug 26, 2013 5:03pm Aug 26, 2013 5:03pm
I've got pending buy orders set in at 1400.

1413 being my first major resistance (TP1).
To live a successful life, we must lose our fear of being wrong
  • #1,038
  • Aug 26, 2013 5:53pm Aug 26, 2013 5:53pm
Quoting seaman2
Manipulation down followed now with manipulation up.
Or maybe the opposite order of manipulation?
"The market can remain irrational longer than you can remain solvent"
  • #1,039
  • Aug 26, 2013 8:56pm Aug 26, 2013 8:56pm
if this dog called ASAD is hit by US then gold and oil will fly.
  • #1,040
  • Aug 27, 2013 2:08am Aug 27, 2013 2:08am
Central banks buying again (The central banks of Russia, Azerbaijan and Kazakhstan returned to the gold market once again in July, topping up their stockpiles of the precious metal as prices traded near three-year lows.) + developments in Syria give me the long bias. I may short from resistance zones if I get reversal signals.
1423 looks likely to me.
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD1.JPG Size: 40 KB
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