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  • #5,241
  • Apr 1, 2014 12:16am Apr 1, 2014 12:16am
hmmm seems to be moving towards 61.8% fibo.
  • #5,242
  • Apr 1, 2014 1:32am Apr 1, 2014 1:32am
I think it will be go down I got 3 sell 1284.45 and I have to hope still go down,
One Day U Will Miss me!
  • #5,243
  • Apr 1, 2014 2:09am Apr 1, 2014 2:09am
Quoting aliqazi
I think it will be go down I got 3 sell 1284.45 and I have to hope still go down,
price is trying to reverse to the upside, be careful...
  • #5,244
  • Apr 1, 2014 2:14am Apr 1, 2014 2:14am
Looks like it is testing the MA200, when it closes above the MA200 we could see an up trend?
  • #5,245
  • Apr 1, 2014 2:14am Apr 1, 2014 2:14am
It's normal that it tries to reverse. It went down to 1277 but upped again. Logicaly, if we wanted the price to go downside like 1240~, we would need first to make it up at least around 1320~. That's my opinion but noone has the truth between hands.
  • #5,246
  • Apr 1, 2014 2:16am Apr 1, 2014 2:16am
going to 1290s...
  • #5,247
  • Apr 1, 2014 2:27am Apr 1, 2014 2:27am
Quoting aliqazi
I think it will be go down I got 3 sell 1284.45 and I have to hope still go down,
Be careful. Price can go anywhere. Play light. Market is going no where it always give you opportunities.
  • #5,248
  • Apr 1, 2014 2:27am Apr 1, 2014 2:27am
Quoting prototip
going to 1290s...
Hi prototip, care to share what makes you think that?
  • #5,249
  • Apr 1, 2014 2:30am Apr 1, 2014 2:30am
Quoting hamidshah.pk
{quote} Be careful. Price can go anywhere. Play light. Market is going no where it always give you opportunities.
I love these words: "Market is going no where" There would always be ops.

Fellas, you should always keep this in mind, there is always another day.

Play safe, play wisely, if you do so, there will always be another day.

If you blow your money, apparently, no place in the markets for you.
Hello World!
  • #5,250
  • Apr 1, 2014 2:31am Apr 1, 2014 2:31am
Quoting richtrader
{quote} Hi prototip, care to share what makes you think that?
in day people think come back 1270s again for buy, but dont come back, it was night...
  • #5,251
  • Apr 1, 2014 2:45am Apr 1, 2014 2:45am
IMO...

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If you do not know who you are, the Forex is the worst place to find you
  • #5,252
  • Apr 1, 2014 2:48am Apr 1, 2014 2:48am
Quoting skassacomput
IMO... {image}
Looks like a flag pattern
  • #5,253
  • Apr 1, 2014 3:00am Apr 1, 2014 3:00am
PA is at previous support - now possibly resistace again.

We are in a down trend and have formed a pattern since day 1 of this down move where support has been turned into resistance. No sign of breaking the pattern yet so no need to complicate things.
To live a successful life, we must lose our fear of being wrong
  • #5,254
  • Apr 1, 2014 3:36am Apr 1, 2014 3:36am
From what most have been saying, it seems most people on this thread are in support of a bullish gold market but have you asked the market what exactly it thinks? Well I am sure if you ask the response you would get is...'Dude, I don't understand what the heck you are saying I just move my ass from point A to point B!' In other words the market doesn't even know what is moving it, the collective traders like you and me. The crowd effect can be irrational and might not follow logic just like yesterday's move has proved.

If you are biased to a position and the market suddenly shows you the other road then what makes sense is to quickly cut your losses and take a hike along the new road shown rather than to keep buying in a clearly bearish market (at least for now).

PS: I remember clearly as the week started someone posted a PDF of Bloomberg's take on the markets this week and for Gold it predicted a downtrend up to around 1180 (the lows for Jun-July 2013) and for all I care we might as well be on our way there before we see any significant uptrend on Gold.
Less is more...
  • #5,255
  • Apr 1, 2014 3:48am Apr 1, 2014 3:48am
Quoting ajantala
From what most have been saying, it seems most people on this thread are in support of a bullish gold market but have you asked the market what exactly it thinks? Well I am sure if you ask the response you would get is...'Dude, I don't understand what the heck you are saying I just move my ass from point A to point B!' In other words the market doesn't even know what is moving it, the collective traders like you and me. The crowd effect can be irrational and might not follow logic just like yesterday's move has proved. If you are biased to a position...
To live a successful life, we must lose our fear of being wrong
  • #5,256
  • Apr 1, 2014 3:53am Apr 1, 2014 3:53am
Quoting EatPIPs
{quote}
Thanks EP, just saying what I observed.
Less is more...
  • #5,257
  • Apr 1, 2014 3:57am Apr 1, 2014 3:57am
Despite the number of times I have bought or have been ready to buy in this downtrend, everytime I have seen a "bottom", it has been broken through therefore I do not wish to trade against the trend unless 1300-1310 is taken (except for extreme scalps which I hate doing anyway).

Currently above previous support - giving it a $4 range to decide what it wants to do before deciding my next move to add or cut my deals.

1274 is on the table on the downside intraday, 1300 upside.
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To live a successful life, we must lose our fear of being wrong
  • #5,258
  • Apr 1, 2014 3:59am Apr 1, 2014 3:59am
Quoting Nitsan_Levi
{quote} As I say here many time gold come to 1300!! I close all my short...and take long... {image}
well this time hit SL

wait nitsan for another view
  • #5,259
  • Apr 1, 2014 4:01am Apr 1, 2014 4:01am
asian session bring down
opening londong bring some UP.
lets see
  • #5,260
  • Apr 1, 2014 4:14am Apr 1, 2014 4:14am
what do you think of this simple but may work(or may not)
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FailOrRiseEX
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