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  • #5,141
  • Mar 31, 2014 5:06am Mar 31, 2014 5:06am
Quoting EatPIPs
{quote} Sorry what do you mean how long did I look at the chart?
how much time it took for the analysis.. i was stuck at 1270-47 zone for a long time.. very confusing
A trade should be based on an assumption based on facts
  • #5,142
  • Mar 31, 2014 5:09am Mar 31, 2014 5:09am
Quoting Mave
{quote} how much time it took for the analysis.. i was stuck at 1270-47 zone for a long time.. very confusing
Well on my 1HR charts the next major support zone I can see is between 1241-1274 - based on 1310 surviving of course
To live a successful life, we must lose our fear of being wrong
  • #5,143
  • Mar 31, 2014 5:10am Mar 31, 2014 5:10am
Quoting ClockTrader
{quote} I don't think its going down
The 1290s zone is a waiting game. I'm short as my system is showing me short based on 1310 holding.

A slow morning so far nonetheless.
To live a successful life, we must lose our fear of being wrong
  • #5,144
  • Mar 31, 2014 5:20am Mar 31, 2014 5:20am
Quoting EatPIPs
{quote} Well on my 1HR charts the next major support zone I can see is between 1241-1274 - based on 1310 surviving of course
right now it looks like bulls are pushing.. looking at 1297.25, things could speed up from there.. if price lingers at 1293-90 for too long, it'll be a spike downwards..

that's all for today !
A trade should be based on an assumption based on facts
  • #5,145
  • Mar 31, 2014 5:23am Mar 31, 2014 5:23am
Quoting ClockTrader
{quote} I don't think its going down
Dear Clock Trader!

I read an article and here it is regarding Gold. My view for this week is UPTREND and better to be on buyside.
Only the data on coming FRIDAY - NFP will give the clear direction. Mostly I presume in upside as you think.

Arensberg's commentary is headlined "Comex Commercial Traders Covering Gold Shorts in a Hurry" and it's posted at the GGR Internet site here:
http://www.gotgoldreport.com/2014/03/comex-commercial-traders-covering-g...
  • #5,146
  • Mar 31, 2014 5:31am Mar 31, 2014 5:31am
Quoting alagiri64
{quote} Dear Clock Trader! I read an article and here it is regarding Gold. My view for this week is UPTREND and better to be on buyside. Only the data on coming FRIDAY - NFP will give the clear direction. Mostly I presume in upside as you think. Arensberg's commentary is headlined "Comex Commercial Traders Covering Gold Shorts in a Hurry" and it's posted at the GGR Internet site here: http://www.gotgoldreport.com/2014/03/comex-commercial-traders-covering-g......
NFP will not give direction. Technicals do...news is just to speed up technical levels being reached. Having said that, it is nice to trade NFP
  • #5,147
  • Mar 31, 2014 5:32am Mar 31, 2014 5:32am
Quoting Mave
{quote} right now it looks like bulls are pushing.. looking at 1297.25, things could speed up from there.. if price lingers at 1293-90 for too long, it'll be a spike downwards.. that's all for today !
Yeah 1298 is first short term resistance where I "would" expect sellers to be waiting in a "ideal" world.
To live a successful life, we must lose our fear of being wrong
  • #5,148
  • Mar 31, 2014 5:42am Mar 31, 2014 5:42am
Quoting EatPIPs
{quote} Yeah 1298 is first short term resistance where I "would" expect sellers to be waiting in a "ideal" world.
lets just keep our doors and windows open, also, a rope would be handy.
A trade should be based on an assumption based on facts
  • #5,149
  • Mar 31, 2014 5:47am Mar 31, 2014 5:47am
Quoting Mave
{quote} lets just keep our doors and windows open, also, a rope would be handy.
I'd rather stick to my system and leave the rope at someone elses house for them to use while I enjoy my bacon sarnie.
To live a successful life, we must lose our fear of being wrong
  • #5,150
  • Mar 31, 2014 5:53am Mar 31, 2014 5:53am
Quoting EatPIPs
{quote} I'd rather stick to my system and leave the rope at someone elses house for them to use while I enjoy my bacon sarnie.
you cannot climb up without a rope if you cannot fly. or get down safely
A trade should be based on an assumption based on facts
  • #5,151
  • Mar 31, 2014 6:14am Mar 31, 2014 6:14am
My analysis, today, market will be sideway.
It is better to "buy" after Yellen speaks.

Any comments?
  • #5,152
  • Mar 31, 2014 6:15am Mar 31, 2014 6:15am
Quoting Mave
{quote} you cannot climb up without a rope if you cannot fly. or get down safely
Use the stairs
To live a successful life, we must lose our fear of being wrong
  • #5,153
  • Mar 31, 2014 6:22am Mar 31, 2014 6:22am
Quoting EatPIPs
{quote} Use the stairs
  • #5,154
  • Mar 31, 2014 6:39am Mar 31, 2014 6:39am
Attached Image (click to enlarge)
Click to Enlarge Name: Gold 5M.png Size: 89 KB
To live a successful life, we must lose our fear of being wrong
  • #5,155
  • Mar 31, 2014 6:49am Mar 31, 2014 6:49am
Quoting EatPIPs
{image}
Looking for a last kiss around here
To live a successful life, we must lose our fear of being wrong
  • #5,156
  • Mar 31, 2014 6:51am Mar 31, 2014 6:51am
Quoting jackeollio
Here's what I got for today ... on Day : Demand @1286.07 on Week : Supply @1324.91 Cheers to all ... Have a good weekend. {image}
Hey mate, can you post your chart for today and this week?Cheers!
  • #5,157
  • Mar 31, 2014 7:17am Mar 31, 2014 7:17am
Invalidated if re-enters triangle or breaks through resistance
Attached Image (click to enlarge)
Click to Enlarge Name: Gold 5M.png Size: 102 KB
To live a successful life, we must lose our fear of being wrong
  • #5,158
  • Mar 31, 2014 7:19am Mar 31, 2014 7:19am
Quoting Polaris4dy
{quote} Hey mate, can you post your chart for today and this week?Cheers!
Hi All.

As you can see from the charts below,

1) on 4 Hour : market is consolidating (nor up nor down) between 1297.19 and 1291.43,

2) on 8 Hour : market indicates Bullish pressure (Blue "L" shape in left hand column) between 1292.10 and 1298.14.
Note : Bullish pressure is maintained even if the market goes below 1292.10 as long as it remains above 1289.25.
Market is reversed (i.e. Bearish) only if market breaks below Demand @1291.47.

3) on Day : market indicates Bearish pressure (Redish Pink or Pinkish Red inverted "L" shape in left hand column) between 1295.81 and 1283.84.
Note : Bearish pressure is maintained even if market goes above 1295.81 as long as it remains below 1302.15.
Market is reversed (i.e. Bullish) only if market breaks above Supply @1303.15.

Hope this is clear to all.
Attached Image (click to enlarge)
Click to Enlarge Name: FIA - Gold 31-03-2014 (27-2).PNG Size: 16 KB
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #5,159
  • Mar 31, 2014 7:23am Mar 31, 2014 7:23am
Is it going to retest 1285???
  • #5,160
  • Mar 31, 2014 7:42am Mar 31, 2014 7:42am
Quoting Luther
{quote} Nice Charts. Here's what I'm trading. I exited shorts on Friday's touch of the 161.8 extension of the move down from 1391. (which was also 50% of the Dec 31st - Mar. 31st HL) Chart 1 is my risk ON continuation chart, with downside targets marked off and the 1308/1310 resistance barrier holding. Chart 2 is my risk OFF deeper pullback chart with upside targets marked off. If the 50% barrier from the Dec 31st - Mar. 31st HL firms up as a support and we break back above 1308/1310 area, then 1338/1351 are my first upside targets. If we have upside...
Very nice dude
To live a successful life, we must lose our fear of being wrong
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