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  • #2,801
  • Feb 28, 2014 3:02am Feb 28, 2014 3:02am
I think it will retest 1337 because Euro and pound are still in up trend
  • #2,802
  • Feb 28, 2014 3:04am Feb 28, 2014 3:04am
Quoting erdogac
I think it will retest 1337 because Euro and pound are still in up trend
Currently bouncing off the 1HR 50 FIB.
To live a successful life, we must lose our fear of being wrong
  • #2,803
  • Feb 28, 2014 3:09am Feb 28, 2014 3:09am
Do you think 4-hour is enough confirmation of the break??

The 1-hour is definitely broken, but Gold has jinxed me like this before. And it's Friday. And news is sticky today.
  • #2,804
  • Feb 28, 2014 3:12am Feb 28, 2014 3:12am
Quoting EatPIPs
False break through or continuation? What are your thoughts? {image}
30 mins looks bearish on descending triangle as well.
Attached Image (click to enlarge)
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  • #2,805
  • Feb 28, 2014 3:34am Feb 28, 2014 3:34am
Quoting ClockTrader
{quote} I hope some light by NY morning on the course ahead.
I'll continue to await NY Morning to see if a meaningful bottom is there to rest on.
Hello World!
  • #2,806
  • Feb 28, 2014 3:42am Feb 28, 2014 3:42am
Quoting namaus
{quote} We could see the Support 1322.
If 1320-22 breaks by NY morning or later, I would suggest Buyers to exercise Caution!
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  • #2,807
  • Feb 28, 2014 3:47am Feb 28, 2014 3:47am
Quoting ClockTrader
{quote} If 1320-22 breaks by NY morning or later, I would suggest Buyers to exercise Caution!
1322 bears

1335 bulls
To live a successful life, we must lose our fear of being wrong
  • #2,808
  • Feb 28, 2014 3:50am Feb 28, 2014 3:50am
H&S is forming in TF 30 and H1. If it is true, the key 1320-1322 is in danger.
  • #2,809
  • Feb 28, 2014 3:55am Feb 28, 2014 3:55am
Quoting namaus
H&S is forming in TF 30 and H1. If it is true, the key 1320-1322 is in danger.
I see 1320-22 strong with support from volatility on M15

I'll await NY morning before jumping to any conclusion.

PS: Looks like loads of SLs were hit around 1325 & shit-loads of SLs were hit in this very region on 26th (SLs of Longs)
Hello World!
  • #2,810
  • Feb 28, 2014 3:56am Feb 28, 2014 3:56am
Also expect some movement in 5 minutes to base the price for NY open.
To live a successful life, we must lose our fear of being wrong
  • #2,811
  • Feb 28, 2014 3:59am Feb 28, 2014 3:59am
Quoting EatPIPs
{quote} 1322 bears 1335 bulls
I'll look at it slightly other way around. IF 1320-22 holds the fort, IF IT does, I would say it were Bulls that took the control at 1325

Back from vacation =)
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  • #2,812
  • Feb 28, 2014 3:59am Feb 28, 2014 3:59am
Quoting ClockTrader
{quote} I'll look at it slightly other way around. IF 1320-22 holds the fort, IF IT does, I would say it were Bulls that took the control at 1325 Back from vacation =)
That's what I meant - in the opposite form
To live a successful life, we must lose our fear of being wrong
  • #2,813
  • Feb 28, 2014 4:04am Feb 28, 2014 4:04am
CPI totally unexpected!! 0.8%
To live a successful life, we must lose our fear of being wrong
  • #2,814
  • Feb 28, 2014 4:06am Feb 28, 2014 4:06am
Quoting ClockTrader
{quote} I see 1320-22 strong with support from volatility on M15 I'll await NY morning before jumping to any conclusion. PS: Looks like loads of SLs were hit around 1325 & shit-loads of SLs were hit in this very region on 26th (SLs of Longs)
Somebody tell me what would be the best "Buy Price" for today so far?

Bought one position @ 1326.01, I'll let this go if price goes close to 1320-22 range, BBL!
Hello World!
  • #2,815
  • Feb 28, 2014 4:08am Feb 28, 2014 4:08am
Quoting ClockTrader
{quote} Somebody tell me what would be the best "Buy Price" for today so far? Bought one position @ 1326.01, I'll let this go if price goes close to 1320-22 range, BBL!
1326.3 - 50FIB
To live a successful life, we must lose our fear of being wrong
  • #2,816
  • Feb 28, 2014 4:14am Feb 28, 2014 4:14am
Gold should breakout above 1344 or give nice selling opportunity below 1316
that's what looks to me, at CMP 1328, however scalpers would en-cash all the swings in between.
  • #2,817
  • Feb 28, 2014 4:54am Feb 28, 2014 4:54am
Quoting Nitsan_Levi
{quote} I BUY...nice price to buy now! {image}

UPDATE :

30min sma400 still hold

8h sma 32 + trend line

next target 1355 (sma800 in the 8h)

I still wait for 1390 the sma300 in daily chart

my origanl long postion -stop are in 1280!
other on zero and in price 1316

GL HF ALL
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  • #2,818
  • Feb 28, 2014 5:07am Feb 28, 2014 5:07am
Quoting EatPIPs
{quote} 1326.3 - 50FIB
Someday I'm gonna learn these Fibs, everybody mentions these everywhere.

Is it just some indicator OR you do Calc? Never mind if I'm asking a funny ques.
Hello World!
  • #2,819
  • Feb 28, 2014 5:12am Feb 28, 2014 5:12am
Quoting ClockTrader
{quote} Someday I'm gonna learn these Fibs, everybody mentions these everywhere. Is it just some indicator OR you do Calc? Never mind if I'm asking a funny ques.
Currently stalling at the 38.2 FIB + UTL.

CT: http://en.wikipedia.org/wiki/Fibonacci_retracement
To live a successful life, we must lose our fear of being wrong
  • #2,820
  • Feb 28, 2014 5:14am Feb 28, 2014 5:14am
GOLD

Gold in the spot market struck a high of 1335.66 and a low of 1323.70 yesterday as gold futures rose after Federal Reserve Chair Janet Yellen said recent data have pointed to softness in the US economy, increasing demand for the precious metal as an alternative investment. Gold headed for the first back to back monthly gain since August as concern that the US recovery may be losing momentum and turmoil in emerging markets boosted haven demand. Assets in bullion backed exchange traded products were set for the first monthly increase in 14 months. Bullion rose 11 percent this year as US data that missed estimates, including reports on factory output and retail sales, added to concern the recovery may be faltering just as the Federal Reserve tapers bond buying.
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