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  • #1,081
  • Aug 30, 2013 9:18am Aug 30, 2013 9:18am
Quoting Darth Vader
{quote} I would close it now and practice in a demo account with low leverage for 6 months.

i know for forex since 2011

im not new is forex


and always i get a good profit

and now near to zero margin

but i will close it now

the demo is loss time
  • #1,082
  • Aug 30, 2013 9:38am Aug 30, 2013 9:38am
Quoting bo7anon
{quote} i know for forex since 2011 im not new is forex and always i get a good profit and now near to zero margin but i will close it now the demo is loss time
Seems you are under control then.
If you don't like Demo, I recommend Live account with extra small position size. Gold can be very aggressive.

Regards

RM
  • #1,083
  • Aug 30, 2013 9:47am Aug 30, 2013 9:47am
Quoting EatPIPs
{quote} Well i've started to rebuild on my shorts. I don't think there will be "much" going on until Tuesday now anyway. 4HR candle just closed very weak on the bulls side.
i believe so,, we have to wait until Tuesday.
  • #1,084
  • Aug 30, 2013 10:34am Aug 30, 2013 10:34am
Quoting EatPIPs
{quote} Well i've started to rebuild on my shorts. I don't think there will be "much" going on until Tuesday now anyway. 4HR candle just closed very weak on the bulls side.
1404 taken out. Shorts stopped.
To live a successful life, we must lose our fear of being wrong
  • #1,085
  • Aug 30, 2013 11:27am Aug 30, 2013 11:27am
Quoting anton.olff
{quote} The volume is likely very thin, so moves can be exaggerated. Nonetheless, there might be some consolidation in the wake of positive U.S. GDP figures and a scaled back "war" in Syria now that Britain is out (thankfully). The real question is whether the longish trend is still intact? OR is the summer romance over?
The market is still intact with its current triangular configuration. It should go to 1384 - 1372 possible extension towards 1348 (Strongest support for gold). It should then rally back to 1522 zone by september end october 2nd week and then will resume its trend downwards. Its just following a seasonal pattern and since monday being a labour day, volumes will go down. It should continue to remain volatile after that. Long term trend of gold however is very bullish with a possible target of USD 3500 if the US currency deficit reaches 22 Trillion which is not an impossible task if the current so called fiscal policies continue in the obama reign. QE was a monster that they have engineered and they will feel the effects of it
  • #1,086
  • Aug 30, 2013 11:33am Aug 30, 2013 11:33am
My position is short below 1405 with targets at 1384. As long at 1405 is a resistance, look for a choppy trade and a wild swing
  • #1,087
  • Aug 30, 2013 11:38am Aug 30, 2013 11:38am
Quoting korriok
My position is short below 1405 with targets at 1384. As long at 1405 is a resistance, look for a choppy trade and a wild swing
I'm now out just waiting on the sidelines for a clearer picture. Either a clean close above 1405 or 1392 referring from the 4HR charts.
To live a successful life, we must lose our fear of being wrong
  • #1,088
  • Aug 30, 2013 2:05pm Aug 30, 2013 2:05pm
Hi all!
I am new, and i want share my speculation for buy limit.
Attached Image (click to enlarge)
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  • #1,089
  • Sep 1, 2013 2:39pm Sep 1, 2013 2:39pm
The chart seems to be right. I hope it does retrace itself back to 1348 but with the fresh round of news about Barack Obama saying that we are the Americans and we shall not tolerate what happened in Damascus and trying to go in for a congressional approval could be an agressive move that can send gold up from 1385 - 1396. Look for some choppy trade. My guess is that Gold will hit 1522 sooner than expected. Non farm payroll can be a dampener but if the Fed is eyeing a Military strike then the tapering could take a while because of pumping in funds for the military coup expanding its current account deficits
  • #1,090
  • Sep 1, 2013 2:42pm Sep 1, 2013 2:42pm
I hope the asian session does not open up volatile
  • #1,091
  • Sep 1, 2013 6:58pm Sep 1, 2013 6:58pm
Quoting korriok
The chart seems to be right. I hope it does retrace itself back to 1348 but with the fresh round of news about Barack Obama saying that we are the Americans and we shall not tolerate what happened in Damascus and trying to go in for a congressional approval could be an agressive move that can send gold up from 1385 - 1396. Look for some choppy trade. My guess is that Gold will hit 1522 sooner than expected. Non farm payroll can be a dampener but if the Fed is eyeing a Military strike then the tapering could take a while because of pumping in funds...

It could indeed be choppy, but the current bias looks short, especially with gold having retraced to the 38% Fib (now resistance), the war on hold and not likely to go ahead without U.S. Congressional approval. The focus should shift to U.S. NFP later this week and more evidence of growth (real or not) as evidenced by Chinese numbers, etc.
"The market can remain irrational longer than you can remain solvent"
  • #1,092
  • Sep 2, 2013 6:00am Sep 2, 2013 6:00am
The painting of the gold price in the weekly
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  • #1,093
  • Sep 3, 2013 11:05am Sep 3, 2013 11:05am
Quoting nguyenquang
The painting of the gold price in the weekly {image}
Looks like all the Syria war talk is having an effect with prices rising.
"The market can remain irrational longer than you can remain solvent"
  • #1,094
  • Sep 3, 2013 11:33am Sep 3, 2013 11:33am
Quoting anton.olff
{quote} Looks like all the Syria war talk is having an effect with prices rising.

maybe there are just more buyers than sellers
  • #1,095
  • Sep 3, 2013 11:44am Sep 3, 2013 11:44am
Quoting cg uno
{quote} maybe there are just more buyers than sellers
Yes, especially with potential gold miners strike in Southern Africa.
"The market can remain irrational longer than you can remain solvent"
  • #1,096
  • Sep 3, 2013 11:02pm Sep 3, 2013 11:02pm
Quoting anton.olff
{quote} Yes, especially with potential gold miners strike in Southern Africa.
Primary aim of Gold is to go higher & higher, however, if there are tons of SLs in the lower area & only TPs way above, it won't go above. The way I see, this is the inside primary formula.
Hello World!
  • #1,097
  • Sep 4, 2013 6:35am Sep 4, 2013 6:35am
On sidelines until U.S. news Thursday. I think gold could go up to 1,500 on Syria and miners strike...as well as short covering...then down to 1,288 over the next quarter on improved economic numbers (not to mention Septaper)...and then trend reverses and gold resumes longer term up trend when the first whiff of inflation appears.
"The market can remain irrational longer than you can remain solvent"
  • #1,098
  • Sep 4, 2013 8:16am Sep 4, 2013 8:16am
I still see some down pressure before 1500
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  • #1,099
  • Sep 4, 2013 8:35am Sep 4, 2013 8:35am
Short term view on gold, I remain short

http://i.imgur.com/hGK5kUU.jpg
  • #1,100
  • Sep 4, 2013 10:37am Sep 4, 2013 10:37am
My paper trade call as mentioned here before: 4 short positions from 1420, SL 1440

I would close these shorts now.
Hello World!
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