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Only Gold!

  • #1,921
  • Dec 27, 2013 7:49am Dec 27, 2013 7:49am
Anybody expecting a sideways closing tonight?
Hello World!
  • #1,922
  • Dec 27, 2013 7:56am Dec 27, 2013 7:56am
Quoting ClockTrader
Anybody expecting a sideways closing tonight?
sideways?!?!?!
  • #1,923
  • Dec 27, 2013 8:01am Dec 27, 2013 8:01am
Quoting jimi
Ready to close all my short positions ending the year in loss
Don't give up yet. This was to be expected. A bit of short covering, liquidation of end of year positions, retracement, thin volume..possibly options expiration. It is still within a normal trading range of $25-30.
"The market can remain irrational longer than you can remain solvent"
  • #1,924
  • Dec 27, 2013 8:06am Dec 27, 2013 8:06am
Quoting anton.olff
{quote} Don't give up yet. This was to be expected. A bit of short covering, liquidation of end of year positions, retracement, thin volume..possibly options expiration. It is still within a normal trading range of $25-30.
I don't think at all today it will return to 1208 ........... so................
  • #1,925
  • Dec 27, 2013 8:10am Dec 27, 2013 8:10am
Quoting anton.olff
{quote} Don't give up yet. This was to be expected. A bit of short covering, liquidation of end of year positions, retracement, thin volume..possibly options expiration. It is still within a normal trading range of $25-30.
Agreed sir
  • #1,926
  • Dec 27, 2013 8:45am Dec 27, 2013 8:45am
Quoting jimi
{quote} sideways?!?!?!
neither down nor up

CMP @ 1215, intraday high @ 1219
Hello World!
  • #1,927
  • Dec 27, 2013 8:59am Dec 27, 2013 8:59am
Quoting ClockTrader
{quote} neither down nor up CMP @ 1215, intraday high @ 1219
it's strong bullish
  • #1,928
  • Dec 27, 2013 9:02am Dec 27, 2013 9:02am
LONG ( nothing to Short) ...
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  • #1,929
  • Dec 27, 2013 9:08am Dec 27, 2013 9:08am
fogot to attach Daily :
  • #1,930
  • Dec 27, 2013 9:08am Dec 27, 2013 9:08am
sorry
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  • #1,931
  • Dec 27, 2013 9:14am Dec 27, 2013 9:14am
Quoting rattyo
FX RAT REPORTING FOR DUTY Short 1210
LOST 7

Sitting on my hands again with this see how far long the US will take this.
rat
  • #1,932
  • Dec 27, 2013 9:21am Dec 27, 2013 9:21am
I beg to disagree, gold is merely following a channel downward since November 2012. I see no signs of slowing down yet. With the improving global economy, investors are more in a ''risk on mode''. Therefore holding to gold to protect assets is not an anticipated move of the market. Any upward motion will be short lived.
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  • #1,933
  • Dec 27, 2013 9:42am Dec 27, 2013 9:42am
Quoting jimi
{quote} it's strong bullish
I would say slow & cosy Bulls :-)

The fear factor that it'll fall like a rock off the cliff is driving majority to sell & thus paving the way towards North.
Hello World!
  • #1,934
  • Dec 27, 2013 1:12pm Dec 27, 2013 1:12pm
Quoting ClockTrader
{quote} I would say slow & cosy Bulls :-) The fear factor that it'll fall like a rock off the cliff is driving majority to sell & thus paving the way towards North.
Well... good luck to you!!!
You are a Fun-Loving Trader (I do better when i have fun)
  • #1,935
  • Dec 28, 2013 1:01am Dec 28, 2013 1:01am
Quoting tuakblues
{quote} Well... good luck to you!!!
My view remains same, SHORT for now. I don't think its gonna breach 1225 level until it has gone down & I have loaded some longs.
Hello World!
  • #1,936
  • Dec 28, 2013 1:21pm Dec 28, 2013 1:21pm
Gold is not a Long trade until we test $1050 and bounce IMO. I am Short until then, just keep moving the stop loss after every big dip.
  • #1,937
  • Dec 28, 2013 1:28pm Dec 28, 2013 1:28pm
gold


On the H4 TF, We were observing a reversal after having a harmonic pattern being formed. Currently the price is floating around conversion area as well as downtrend line. A Bullish push will be seen by having the trend line broken around $1220 area.

http://pcm-fx.com/pcmupload/uploads/1388258129111.gif
  • #1,938
  • Dec 28, 2013 5:41pm Dec 28, 2013 5:41pm

Quoting Lib3rty
Gold is not a Long trade until we test $1050 and bounce IMO. I am Short until then, just keep moving the stop loss after every big dip.
  • #1,939
  • Dec 28, 2013 5:45pm Dec 28, 2013 5:45pm
Hi Liberty,

If you don't mind me asking, where does $1050 from come?


Thanks mate
Mitch

Quoting Lib3rty
Gold is not a Long trade until we test $1050 and bounce IMO. I am Short until then, just keep moving the stop loss after every big dip.
  • #1,940
  • Dec 28, 2013 6:24pm Dec 28, 2013 6:24pm
Quoting Mitchoss
Hi Liberty, If you don't mind me asking, where does $1050 from come? Thanks mate Mitch {quote}

Weekly chart. if I see a break around 1180 I will be looking for a short to 1050 (the TL from 2007 - 2008), looks like the next strong support level.

http://i.imgur.com/kTgg5U3.jpg



a closer look. H4

http://i.imgur.com/pnXP6vg.jpg

still havnt broken the downtrend line. Once we break that line I will look for a long, until then I'm looking for shorts.
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