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All Majors and Gold

  • #8,561
  • Sep 17, 2013 11:30pm Sep 17, 2013 11:30pm
Hi All,
Whats the effect on gold if the Fed make a decision to taper 10 billion instead of 85 billion?
Will gold still go down or up? Thanks.
  • #8,562
  • Sep 17, 2013 11:42pm Sep 17, 2013 11:42pm
Quoting xRedStaRx
Monthly: {image} Looking at the monthly chart, Gold definitely took a big hit in 2013 after last September's QE. And with a taper around the corner, looks like it's time to buy the dip. This is one of my favorite breakout patterns, a symmetrical triangle, and it's currently approaching it's peak, so keep an eye on price breakouts. Usually it's a continuation pattern, so in this instance, the uptrend looks to continue after breakout. The price dip from earlier this month completed a 61.8% retracement starting from 2009-2011 and correcting in 2011-2013....
hi, saw your chart on tinypics. Are you a commercial? Your analysis quite exausting!
Per aspera ad astra
  • #8,563
  • Sep 18, 2013 2:13am Sep 18, 2013 2:13am
Quoting jpadvisor
{quote} Agree. Sold 1315, tp 1275.
Trade closed at 1297. we are too near to Fomc. Better wait and see. In case I'll reload a new one.
Per aspera ad astra
  • #8,564
  • Sep 18, 2013 10:47am Sep 18, 2013 10:47am
Greetings from Bear Country! The pattern gold displayed in 2008 still very much in effect and I am hopeful that approx 1280 will hold before putting in a powerful rally that should exceed the last high (1440) by approximately 10% over the course of the next month or so...
If you look at a chart (which unfortunately I don't have time to post), this price action would be equivalent to the price action of late December 2008, early January 2009. The last time I used this pattern was to pick off the low at 1207 in July -- right before the big rally began.
I am fully long SLV November 26 and 26.5 calls. Last of position completed here and now.

HUMMMM..

COPY
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  • #8,565
  • Sep 18, 2013 1:44pm Sep 18, 2013 1:44pm
Quoting gnomoneey
{quote} I still have a retracement of 1352 max from this bottom.....
Today's high so far 1350.74
prediction off by $1.24
Wooooohooooo or Boooooohooooo
  • #8,566
  • Sep 18, 2013 1:57pm Sep 18, 2013 1:57pm
Quoting gnomoneey
{quote} Today's high so far 1350.74 prediction off by $1.24
well done master
whats next move on gold ?
  • #8,567
  • Sep 18, 2013 3:22pm Sep 18, 2013 3:22pm
Quoting paka89
{quote} well done master whats next move on gold ?
here's what i said on skype

1373 gets 142x
if resisted on 1373 gives us still bearish trend continued
if 1373 is gotten and keeps going higher to 142x then trend change to bullish...
so we wait and see what is being played
resisted at 1373 gets 130x....if support at 130x then we go higher towards again then 1440 ....
if 130x is broken and continues pass 128x then down we go...

thats a quick look right now after FOMC surprise
Wooooohooooo or Boooooohooooo
  • #8,568
  • Sep 18, 2013 3:31pm Sep 18, 2013 3:31pm
Quoting gnomoneey
{quote} here's what i said on skype 1373 gets 142x if resisted on 1373 gives us still bearish trend continued if 1373 is gotten and keeps going higher to 142x then trend change to bullish... so we wait and see what is being played resisted at 1373 gets 130x....if support at 130x then we go higher towards again then 1440 .... if 130x is broken and continues pass 128x then down we go... thats a quick look right now after FOMC surprise

thanks for analysis, i like those numbers. And after today fomc i got nice amount of money to speculate gold price, definitely will try!
  • #8,569
  • Sep 18, 2013 9:16pm Sep 18, 2013 9:16pm
It's flip a coin time again. The correction was 50% of the move down. So. Either the Bears take over now & Gold sets off for the 1100s. OR this is an ABC with B completed & C under way to the 61% Fib' at 1560.?????. A correction today of 50% of the FOMC jump & then on to 1560 for me.
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Money Makes Money
  • #8,570
  • Sep 19, 2013 8:04pm Sep 19, 2013 8:04pm
Where are all the GOLD traders. Is there another thread I don't know about.??
Money Makes Money
  • #8,571
  • Sep 19, 2013 8:08pm Sep 19, 2013 8:08pm
Quoting KiwiOz
Where are all the GOLD traders. Is there another thread I don't know about.??

I have a soft target at 1345. Target is at 1327. A 50% retrace of the FOMC move up is at 1330.
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Money Makes Money
  • #8,572
  • Sep 19, 2013 9:10pm Sep 19, 2013 9:10pm
Quoting KiwiOz
Where are all the GOLD traders. Is there another thread I don't know about.??
Hi KiwiOz,

I believe that G will be back soon.
The world you desire can be won. It exists.. it is real.. it is possible..
  • #8,573
  • Sep 19, 2013 9:11pm Sep 19, 2013 9:11pm
Quoting KiwiOz
{quote} I have a soft target at 1345. Target is at 1327. A 50% retrace of the FOMC move up is at 1330. {image}
My target for gold is 1408 and 1420..
  • #8,574
  • Sep 19, 2013 9:16pm Sep 19, 2013 9:16pm
Quoting k3nshinz3139
{quote} My target for gold is 1408 and 1420..
Yes & your targets are good ones, but first comes the retrace. Mind you, after the retrace I can't see it going above 1505. Cheers.
Money Makes Money
  • #8,575
  • Sep 19, 2013 9:30pm Sep 19, 2013 9:30pm
Quoting KiwiOz
{quote} Yes & your targets are good ones, but first comes the retrace. Mind you, after the retrace I can't see it going above 1505. Cheers.
Just my view..

Gold if go with 1 direction normally will not retrace.. and is fast move to kill many retail traders..
  • #8,576
  • Sep 19, 2013 9:43pm Sep 19, 2013 9:43pm
Quoting k3nshinz3139
{quote} Just my view.. Gold if go with 1 direction normally will not retrace.. and is fast move to kill many retail traders..

Gold stil bulish ?
  • #8,577
  • Sep 19, 2013 9:44pm Sep 19, 2013 9:44pm
Quoting alam88009
{quote} Gold stil bulish ?
Long term bearish.. From what I see 2014 is bearish too..
  • #8,578
  • Sep 20, 2013 6:12am Sep 20, 2013 6:12am
Quoting alam88009
{quote} Gold stil bulish ?
Short term Bearish, Mid term Bullish. Long term Bearish.
Money Makes Money
  • #8,579
  • Sep 20, 2013 6:20am Sep 20, 2013 6:20am
I think it's a good place to buy again. What you guys think ?
  • #8,580
  • Sep 20, 2013 7:10am Sep 20, 2013 7:10am
Quoting gnomoneey
{quote} here's what i said on skype 1373 gets 142x if resisted on 1373 gives us still bearish trend continued if 1373 is gotten and keeps going higher to 142x then trend change to bullish... so we wait and see what is being played resisted at 1373 gets 130x....if support at 130x then we go higher towards again then 1440 .... if 130x is broken and continues pass 128x then down we go... thats a quick look right now after FOMC surprise
this seems to be the game plan
Wooooohooooo or Boooooohooooo
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