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All Majors and Gold

  • #9,081
  • Dec 2, 2013 9:16pm Dec 2, 2013 9:16pm
Quoting Olu
{quote} Wield Why do you want to buy Gold at the moment? You should be waiting to sell imho Olu
bcoz they always do buying n lose money

breaking down everyday n looks target 1205 than 1191 than year low 1180
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  • #9,082
  • Dec 2, 2013 9:19pm Dec 2, 2013 9:19pm
Dear Gnomoney and all friends,

May I just sit and read in this thread,
I want to learn a lot, how to make profit

thx
  • #9,083
  • Dec 2, 2013 9:26pm Dec 2, 2013 9:26pm
Quoting razaali
{quote} bcoz they always do buying n lose money breaking down everyday n looks target 1205 than 1191 than year low 1180 {image}
Do you think it will drop without any correction???
  • #9,084
  • Dec 2, 2013 9:31pm Dec 2, 2013 9:31pm
Quoting bugsbunny110
{quote} Do you think it will drop without any correction???
u misread a little bit, i talked about ultimate traget , it can come up to red line 1230 than down , but i can also down from here as well

gold went up 1920 from 700 so according to monthly chart market is on correction of that huge leg up.

its dropping from 1765 n everyone want correction ,some time it does n sometime it doesnt bcoz market is already on correction for that huge run up .
its my view
  • #9,085
  • Dec 3, 2013 3:49am Dec 3, 2013 3:49am
gm all

yesterday was quite nice movements.....therefore today might be retracements/consolidation
a nice pattern is forming and telling you what is going on....
h4 look at chart and draw a non ray equidistant channel and you will see whats happening....
what is that pattern and what is going to happen next....use fib to predict your outcome and entry

happy trading
G
Wooooohooooo or Boooooohooooo
  • #9,086
  • Dec 3, 2013 6:39am Dec 3, 2013 6:39am
http://gata.org/node/13324

hmmmmmm interesting week coming
Wooooohooooo or Boooooohooooo
  • #9,087
  • Dec 3, 2013 7:19am Dec 3, 2013 7:19am
todays view of gold......

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Wooooohooooo or Boooooohooooo
  • #9,088
  • Dec 3, 2013 7:55am Dec 3, 2013 7:55am
more views for gold

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Wooooohooooo or Boooooohooooo
  • #9,089
  • Dec 4, 2013 2:17am Dec 4, 2013 2:17am
Quoting bugsbunny110
{quote} Do you think it will drop without any correction???
where is correction????
thats y i told u gold went up 1920 from 700 so according to monthly chart market is on correction of that huge leg up, when ever it is falling, some time it is retracing and some time it doesnt


be careful for going long until a strong signal by market or good fundamental come in favour of gold long
  • #9,090
  • Dec 4, 2013 2:18am Dec 4, 2013 2:18am
1210 is a support area. this last move makes me crazy
  • #9,091
  • Dec 4, 2013 2:19am Dec 4, 2013 2:19am
Quoting razaali
{quote} u misread a little bit, i talked about ultimate traget , it can come up to red line 1230 than down , but i can also down from here as well gold went up 1920 from 700 so according to monthly chart market is on correction of that huge leg up. its dropping from 1765 n everyone want correction ,some time it does n sometime it doesnt bcoz market is already on correction for that huge run up . its my view

so you mean to say entire rally will be retraced?
  • #9,092
  • Dec 4, 2013 2:19am Dec 4, 2013 2:19am
Quoting razaali
{quote} where is correction???? thats y i told u gold went up 1920 from 700 so according to monthly chart market is on correction of that huge leg up, when ever it is falling, some time it is retracing and some time it doesnt be careful for going long until a strong signal by market or good fundamental come in favour of gold long
last move was total bullshit. it was pure stoploss hunting for the guys who bought close to 1230-20 area
  • #9,093
  • Dec 4, 2013 2:27am Dec 4, 2013 2:27am
Quoting giveachance
{quote} so you mean to say entire rally will be retraced?
till now gold is going down than retraced , than down again n retrace n than again down.............
have to see some solid fundamental or technicals for going long.
on daily tf i have target of 1180-1193
on weekly tf i have target of 1050-1080
if ADP, ISM non manufacturing today and NFP on friday comes in green , it will straight forward hit my targets
if ADP,ISM non manufacturing n NFP comes in red, may be it will a trend shift for a while than again come down towards my targets

its my opinion , u can differ
  • #9,094
  • Dec 4, 2013 2:31am Dec 4, 2013 2:31am
Quoting giveachance
{quote} last move was total bullshit. it was pure stoploss hunting for the guys who bought close to 1230-20 area
can i ask from these guys who bought close to 1230-1220 , y they bought from there?/?? whats the reason when trend is downward, technicals are showing downwards, US fundamentals are coming in more than expectation????
  • #9,095
  • Dec 4, 2013 4:06am Dec 4, 2013 4:06am
Can't believe gold is as low as 1213! More downside I bet but surely a retracement is now due!?
Great thread as always G.
  • #9,096
  • Dec 4, 2013 5:05am Dec 4, 2013 5:05am
Quoting giveachance
{quote} so you mean to say entire rally will be retraced?

Anything is possible....Gold increased $1200 over a three year period so a massive correction is not out of the question. Also remember Gold increased $1200 very likley to the farce of the GFC. Much like a massive spike on a daily chart that we all have sen in the past that always tends to correct.

Here are some charts
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  • #9,097
  • Dec 4, 2013 5:10am Dec 4, 2013 5:10am
Gold Actually looks like its going to fall off a cliff to me looking at the weekly
  • #9,098
  • Dec 4, 2013 5:17am Dec 4, 2013 5:17am
Quoting rythmrig
Gold Actually looks like its going to fall off a cliff to me looking at the weekly
I agree. Weekly bear flag looks like its about to break down to 1180 and beyond, a break of that area will again trigger a billion stop loss orders just like what happened in April.
"Where you want to be is always in control, never wishing, always trading.
  • #9,099
  • Dec 4, 2013 5:36am Dec 4, 2013 5:36am
Don't underestimate the power of authority abuse in high places.
You win, you lose. All else is history. The future does not exist.
  • #9,100
  • Dec 4, 2013 5:39am Dec 4, 2013 5:39am
Quoting The Rhodie
Don't underestimate the power of authority abuse in high places.

Exactly that's why it it rallied to 1920 ...Abused in such a short period ......Also my observation is based on what i "think" is going on and could potentially play out over long term on the global scene .
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