Watch for a possible pull back to 1305 first though
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Disliked{quote} sorry, I actually had typed an answer on my last post. Strong moves in the USD tend to make strong moves on gold; for example on your last circle, a dollar sellof pushes gold prices higher very fast. Keep an eye on it when trading itIgnored
Disliked... (((BTW this is the first shutdown in the past seventeen years.)))) ...Ignored
DislikedGold hit support from daily RSI, Fibonacci, and the purple bull and orange bear channels making me near-term bullish as a bounce seems likely before $1,275 will be breached. Breaking through the descending RSI resistance on the other hand would confirm $1,275 as the bottom and have me targeting a retest of prior highs instead. {image}Ignored
Disliked{quote} Unfortunately, my software only alerts me to horizontal price triggers and I am likely be in bed before the NY open. I'm sure your trading software allows you to draw trend lines on RSI. If not, use a NetDania chart as can be found here: http://goldprice.org/live-gold-price.html Is anyone using software which will give an auditory and text alert based on non-horizontal trend lines or study intersections? Even a trailing alert would be useful.Ignored
Disliked{quote} cool. explain the parameters please.. rsi(2) 14 = 37.699 got it .. thanks NO did not get the same rsi graph mine shows rsi(2) = 24...Ignored
Disliked166k down to 159k revised for employment change expected was 180 from 159k last month. finallyIgnored
Disliked{quote} What do you mean here? The number is below forecast, not surprising. Also Keep in mind this is only the ADP NFP which only includes businesses that ADP does the payroll for, not the "Real NFP" released by the government. The two can vary greatly. Forex Factory has it as "High impact" but I don't see to think it has nearly close to the impact that the "Government NFP" does. {image}Ignored
DislikedGold hit support from daily RSI, Fibonacci, and the purple bull and orange bear channels making me near-term bullish as a bounce seems likely before $1,275 will be breached. Breaking through the descending RSI resistance on the other hand would confirm $1,275 as the bottom and have me targeting a retest of prior highs instead. {image}Ignored
Disliked{quote} http://www.forexfactory.com/attachme...8&d=1380709795 the trendline KADC was referring to in this post.. i dont know what it is but has relevance ! since you are here.. lemme ask you.. in the chart GqOrlando ● had posted showing the relation between DXY and Gold prices, there was a possible buy/sell signal when the prices cross.. what do you think?Ignored
Disliked{quote} cool. explain the parameters please.. rsi(2) 14 = 37.699 got it .. thanks NO did not get the same rsi graph mine shows rsi(2) = 24...Ignored
Disliked{quote} Yeah I see it as the best thing when NFP is out, and given that the data was worse than expectations I was able to kickstart my long position on gold ..... and silverIgnored