Only Gold! | Page 162 | Metals Mine

Options

Go to
Permalinks
Print Thread

Similar Threads

Trading Journal (only my take) 433 replies

Trading gold and silver only 59 replies

An idea for building wealth...using only gold 9 replies

GOLD traders only 90 replies

Attachments: Only Gold!
Exit Attachments

Only Gold!

  • #3,221
  • Mar 9, 2014 4:22pm Mar 9, 2014 4:22pm
Quoting theDHT
{quote} thanks for the link... for once I agree with Goldman... cheers
Gold may not have topped, but it looks pretty frothy at this price level. We've had the perfect storm since 1 January...of technicals, bad news prints (mostly mixed), and threats of war (the Russian soldiers aren't wearing insignia, but they also do NOT have magazines in their Kalashnikovs)..but we also have a potential double top on the daily chart, lots of resistance, and the fundamentals suggest that the FED will stay the course. Moreover, other central banks have not loosened monetary policies. Indeed, the bias has shifted to consideration of rate increases in 2015.
"The market can remain irrational longer than you can remain solvent"
  • #3,222
  • Mar 9, 2014 4:42pm Mar 9, 2014 4:42pm
Quoting anton.olff
{quote} Gold may not have topped, but it looks pretty frothy at this price level. We've had the perfect storm since 1 January...of technicals, bad news prints (mostly mixed), and threats of war (the Russian soldiers aren't wearing insignia, but they also do NOT have magazines in their Kalashnikovs)..but we also have a potential double top on the daily chart, lots of resistance, and the fundamentals suggest that the FED will stay the course. Moreover, other central banks have not loosened monetary policies. Indeed, the bias has shifted to consideration...
Hi Anton,

My views re gold are quite different, because I am in the camp that thinks that we have been in a short squeeze/bull trap for the last few days, and this move will end suddenly and violently, and all the fast money longs will get stopped out (the same way as many of the fast money shorts got stopped out back in early Jan).

I tend to agree with the article in the sense that much of this move was driven by a slowing macro picture, which started with bad Chinese data on the 2nd of Jan, and was followed up with poor data from pretty much every major economy. The only outlier was UK data, and the sterling has been an out performer in general. The flow of bad data may have turned a corner, or at least, economist expectations may have been ramped down, which clears the skies for a more bullish stance towards risk assets in general.

Regarding the recent turbulence in Russia/Ukraine, I do not think that there is any real threat of an armed confrontation. The politicians and diplomats will jaw bone and create sound bites, but the truth is that there's nothing that the EU/US/NATO alliance can do to deter Russia from protecting its sovereign interests, and Russia does not want an unstable Ukraine... the bulk of the move has already been made. I expect this issue to dissipate soon enough.

Technically, I have been tracking gold very closely on my thread, and been diving into the shorter term time frames more and more, even though I am a swing trader and normally look at daily charts. Back in early Feb, I posted a chart with a mid March topping date (timing only), and as we approached these dates, the chart patterns and other studies start to confirm that we are close to a top.

If you are interested you can check it out here (there are many more charts re gold since that posting)

Final point, no asset class moves in a vacuum, just like gold, I am also bearish on crude oil, and JPY, and bullish on equities; the underlying fundamental/macro argument is the same: strong data from the US, and other developed markets as the year advances...

whatever happens,

I wish you good luck!
90% of people, are wrong about 90% of everything, 90% of the time...
  • #3,223
  • Mar 9, 2014 5:15pm Mar 9, 2014 5:15pm
price touched 1337,50 at opening and went to 1340 area, lets see what is gona happen
  • #3,224
  • Mar 9, 2014 5:16pm Mar 9, 2014 5:16pm
Quoting theDHT
{quote} Hi Anton, My views re gold are quite different, because I am in the camp that thinks that we have been in a short squeeze/bull trap for the last few days, and this move will end suddenly and violently, and all the fast money longs will get stopped out (the same way as many of the fast money shorts got stopped out back in early Jan). I tend to agree with the article in the sense that much of this move was driven by a slowing macro picture, which started with bad Chinese data on the 2nd of Jan, and was followed up with poor data from pretty...
I don't think our views are that far apart, though in the matter of Ukraine...a place where I resided up until recently...anything can happen. I think that might be the current market perspective as well. In any case, we should see soon enough.
"The market can remain irrational longer than you can remain solvent"
  • #3,225
  • Mar 9, 2014 5:35pm Mar 9, 2014 5:35pm
Not sure if it works but its valid on 1 min

http://prntscr.com/2zfx8v
A trade should be based on an assumption based on facts
  • #3,226
  • Mar 9, 2014 6:00pm Mar 9, 2014 6:00pm
Quoting letscry
price touched 1337,50 at opening and went to 1340 area, lets see what is gona happen
opened under week pivot, sounds like a bearish week. even though there's still conflict in ukrain xau opened under the close from last friday. still need 2 1H candle more...
  • #3,227
  • Mar 9, 2014 7:31pm Mar 9, 2014 7:31pm
Hi guys, good afternoon from Mexico

Are some of you using ichimoku clouds for trading gold ¿?

best regards,

carlos.
  • #3,228
  • Mar 9, 2014 9:42pm Mar 9, 2014 9:42pm
Guys, my plan for today
After 4 times shake out and create double top.
Instead go short, I tried some long with tight SL just below the lower structure .. looking for the higher structure before London if possible.
Otherwise, i will take few pips loss.
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.JPG Size: 142 KB
  • #3,229
  • Mar 9, 2014 10:05pm Mar 9, 2014 10:05pm
Quoting Nfp
how can u buy a gold even u dont get the real gold?? it is only the game between huge money and small money buy real gold and keep in your house..the world will end soon.. reduce your frequency during trade..dont overtrade..the world has come close with the nnuclear war..FBI have inform all the spy around the world to alert about this situasion.. buy gold and dont sell back.use it when the nuclear war come to our life.. lets die together..blood brother forever BBF
That was interesting. Buying real Gold will always pay in the long run.
Hello World!
  • #3,230
  • Mar 9, 2014 10:39pm Mar 9, 2014 10:39pm
As visible in the chart, I see solid support @ 1320-1325, if 1320 breaks I would say bears have captured the Golden territory, 1315 is also the area where my SL for longs lie.

I hope dawn in London throws light on the chart, maybe some cues. Fingers crossed and watching the show.
Attached Image
Hello World!
  • #3,231
  • Mar 9, 2014 10:43pm Mar 9, 2014 10:43pm
I exited last of my my scalp shorts from Friday with good profit, maybe should hold it longer. I should be in bed long time ego. Still looks flat on 4 hour

London open will give direction or it will end up with Monday range

Attached Image (click to enlarge)
Click to Enlarge Name: xauusdh1.png Size: 51 KB




Somebody please post chart with volume, when NY opens. Thank you !
  • #3,232
  • Mar 9, 2014 10:45pm Mar 9, 2014 10:45pm
Quoting spinozagr
Like an original gambler, I would bet that due to Ukraine, on Monday will have a big gap up…
Well my friend, this was a gap down instead of other way around =)

EP made a nice day move on Fri by closing his longs around 1340.
Hello World!
  • #3,233
  • Mar 10, 2014 2:26am Mar 10, 2014 2:26am
http://www.gold-eagle.com/article/next-week-gold-market good analyssis.
  • #3,234
  • Mar 10, 2014 2:30am Mar 10, 2014 2:30am
Longterm charts tell another story. Todays pullback looks like slingshot. Buy today Hold til Jan or will pullback reach deeper like triple bottom?
Attached Image (click to enlarge)
Click to Enlarge Name: GOLDBULLS.jpg Size: 112 KB
  • #3,235
  • Mar 10, 2014 2:42am Mar 10, 2014 2:42am
hello! sorry for the Google translator I'm from Ukraine! I hope you have at least Google translator ... I work for the gold within the day! and what I see from the chart, gives today become a sell! because of the general political heat in the world yet no nerassmatrivayu srednesrok! nor Dalnoboy! http://gyazo.com/f1a806a0dca437fc3b5e3bc8b1be7ac3
  • #3,236
  • Mar 10, 2014 2:45am Mar 10, 2014 2:45am
Quoting kingrex
Longterm charts tell another story. Todays pullback looks like slingshot. Buy today Hold til Jan or will pullback reach deeper like triple bottom? {image}
Different ways to interpret that monthly chart Kingrex.
I don't think golds decline is over yet.
rat
  • #3,237
  • Mar 10, 2014 3:11am Mar 10, 2014 3:11am
Quoting ClockTrader
{quote} Well my friend, this was a gap down instead of other way around =) EP made a nice day move on Fri by closing his longs around 1340.
As an original gambler, I have the feeling where i have to quit... So i took a very small profit and i said bye bye...

In any case, thanks for thinking me all the weekend to post this... Love you too...

Happy trading to all
Attached Image (click to enlarge)
Click to Enlarge Name: ezg3.png Size: 8 KB
The good thing with the future is that it is progressively approaching...
  • #3,238
  • Mar 10, 2014 3:36am Mar 10, 2014 3:36am
Looking the daily chart it seems that gold is looking for south places...

Broke the 38,2% fib and stoch seems to agree...

Lets see what will see this week...
Attached Image (click to enlarge)
Click to Enlarge Name: 4ku6.png Size: 145 KB
The good thing with the future is that it is progressively approaching...
  • #3,239
  • Mar 10, 2014 3:47am Mar 10, 2014 3:47am
Quoting spinozagr
Looking the daily chart it seems that gold is looking for south places... Broke the 38,2% fib and stoch seems to agree... Lets see what will see this week... {image}
Last 50 odd bars on your chart are going in the direction up.
so really that's a bit of a conflicting view.
rat
  • #3,240
  • Mar 10, 2014 3:49am Mar 10, 2014 3:49am
http://www.zerohedge.com/news/2014-0...ks-rolling-out this seems bad
14 traders viewing now