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GoldenEuro Cross (XAU/EUR) GoldenAussi Cross (XAU/AUD) 51 replies
Gold futures & XAU 77 replies
Daytrade - XAU/USD & XAG/USD 14 replies
XAU/JPY & XAG/JPY 13 replies
Successful XAU/USD traders 7 replies
Disliked{quote} Sell at 1327 yesterday. 1310 right now. Put my SL at 1320. No SP now, graph will tell me.Ignored
DislikedTraders who like bear markets and know how to short are happy, just like the big boys. Average people who may want to buy some metal as an investment are hooped and should go back to flipping houses or holding garage sales for extra cash. As everyone here knows, it is hard to make money in the markets until you devote plenty of time and develop some savvy. The Americans are about to default yet the USD is OK and Gold is down. It takes a pro to make sanity out of that. Advertisements for average people to buy gold or silver as an investment are gone!...Ignored
Disliked{quote} Known before. Yellen Fed News came out yesterday afternoon. Minimal effect if any. Knowing the news is not important. "Knowing" what the market will do with the news is. I put quotes around knowing because it is always about probabilities. Because no matter how connected someone is, and that includes almighty Goldman, one can never know with absolute certainty what the market will do after news comes out.Ignored
Disliked{quote} Known before. Yellen Fed News came out yesterday afternoon. Minimal effect if any. Knowing the news is not important. "Knowing" what the market will do with the news is. I put quotes around knowing because it is always about probabilities. Because no matter how connected someone is, and that includes almighty Goldman, one can never know with absolute certainty what the market will do after news comes out.Ignored
Disliked$1,277 is certainly a likely downside target, but gold stopped at a supportive level so I would expect at least a bounce before it continues downward. {image}Ignored
Disliked{quote}. Goldman Sachs says $1050 Takytto says $1840 , seconded by venzen. A case of long term (Goldman) vs short term (Takytto) ? or are they talking about equal time frame ?Ignored
Disliked{quote} If i remember correctly, you posted this link -- http://www.futuresmag.com/2013/10/07...&t=commodities Now on the believing part, you should not because you won't be trading your own idea. Take a stance, bull or bear, and read your charts. Remember, Bulls make money Bears make money, pigs get slaughtered. I get barbequed every other weekIgnored
Disliked{quote} This is true, but we can be prepared at some level. I think it is safe enough to be aware of supply and demand zones before news come out. What was the last cheap price to buy? What was the last expensive price to sell? After important news, price may drop into a demand zone and then rally, or it can do the opposite: Rally into a supply zone and then drop. If specific news are known to produce high volatilily, then expect price to reach daily or weekly zones. If not, expect price to reach H4 zones. Once price is there you can decide whether...Ignored