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  • #6,601
  • Apr 10, 2014 2:18am Apr 10, 2014 2:18am
euro and usd index are back in correlation..
  • #6,602
  • Apr 10, 2014 2:29am Apr 10, 2014 2:29am
I think 1350 and 1380 are both realistic targets over the next week or so. If it breaks 1380, it will almost definitely go to 1425, and if it get's past there, over 1500 virtually guaranteed!!!!

EDIT: All of the above targets are very rough - based on a quick squizz at my terminal screen, for more accurate targets, do like me and google "gold support resistance"

Of course, the market could U-Turn today and we could be at 1277 by the end of the day - not going to happen - virtually guaranteed!!!

I am very cautious of adding longs now because the market has gone up nearly $20 in less than 14 hours with hardly any retrace!!!! This means that a big retrace could be expected anytime.....

However, if you look at the price action, it is strong so one would assume that anyone in the real world watching the gold price might think that now is a good time to buy and do so....
  • #6,603
  • Apr 10, 2014 2:31am Apr 10, 2014 2:31am
Quoting waleed.khan
{quote} adding to winners is a very tough strategy...people often end up losing more... but it all depends on your strategy and style of trading... Good luck!

I'm on long position from 1301.80 (yesterday bottom) ... already break 1320...still keep on it. thank you for sharing.Best Regards
  • #6,604
  • Apr 10, 2014 2:31am Apr 10, 2014 2:31am
Quoting samalmoore
I think 1350 and 1380 are both realistic targets over the next week or so. If it breaks 1380, it will almost definitely go to 1425, and if it get's past there, over 1500 virtually guaranteed!!!! Of course, the market could U-Turn today and we could be at 1277 by the end of the day - not going to happen - virtually guaranteed!!! I am very cautious of adding longs now because the market has gone up nearly $20 in less than 14 hours with hardly any retrace!!!! This means that a big retrace could be expected anytime..... However, if you look at the...
Yes 1340 level is 50% retracement i think....

But yeah buy at small pull backs close to s/r levels for entries
  • #6,605
  • Apr 10, 2014 2:33am Apr 10, 2014 2:33am
127 fib caused a bit of drama but has been taken out without hesitation.

The next two levels I be looking at are the 161.8 & 178 fib where I would most likely take profit on my longs as there I would see some trouble.

Pass those fibs then it be onto the 261.8 @ 1335.
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To live a successful life, we must lose our fear of being wrong
  • #6,606
  • Apr 10, 2014 2:34am Apr 10, 2014 2:34am
Quoting Eleven711
{quote} I'm on long position from 1301.80 (yesterday bottom) ... already break 1320...still keep on it. thank you for sharing.Best Regards
High Five! I got in at 1303 and 1311! Hold on to your profits..this is the time ppl tend to get greedier and lose more! hehhe
  • #6,607
  • Apr 10, 2014 2:34am Apr 10, 2014 2:34am
Quoting waleed.khan
my target is 1324...the upper trendline.... Lets see...but I am slowly reducing my longs...
NOOOOO, why you reducing!?!?!?! Not even London open yet and price is flying!!!!

I do agree on 1323/4 ish as a point for potential retrace, but it's looking so sure to get there!!!
  • #6,608
  • Apr 10, 2014 2:37am Apr 10, 2014 2:37am
Quoting samalmoore
{quote} NOOOOO, why you reducing!?!?!?! Not even London open yet and price is flying!!!! I do agree on 1323/4 ish as a point for potential retrace, but it's looking so sure to get there!!!
Yes I am not anymore ...but 1324 I will...and if it breaks higher from there..ill buy again with a strict stop....otherwise we will retrace! Cheers!
  • #6,609
  • Apr 10, 2014 2:40am Apr 10, 2014 2:40am
Quoting waleed.khan
{quote} Yes I am not anymore ...but 1324 I will...and if it breaks higher from there..ill buy again with a strict stop....otherwise we will retrace! Cheers!
Wow this has been a long long day/night....uk open and us open still to go...up for more than 24 hrs i think....
  • #6,610
  • Apr 10, 2014 2:43am Apr 10, 2014 2:43am
Quoting waleed.khan
{quote} Wow this has been a long long day/night....uk open and us open still to go...up for more than 24 hrs i think....
Hehe, I know the feeling!!!
  • #6,611
  • Apr 10, 2014 2:43am Apr 10, 2014 2:43am
Quoting samalmoore
{quote} NOOOOO, why you reducing!?!?!?! Not even London open yet and price is flying!!!! I do agree on 1323/4 ish as a point for potential retrace, but it's looking so sure to get there!!!
Price is soaring fast even before London open.I wont be surprised to see 1330 today
  • #6,612
  • Apr 10, 2014 2:43am Apr 10, 2014 2:43am
Quoting waleed.khan
{quote} High Five! I got in at 1303 and 1311! Hold on to your profits..this is the time ppl tend to get greedier and lose more! hehhe

High five too!! yay!
  • #6,613
  • Apr 10, 2014 2:48am Apr 10, 2014 2:48am
Morning all. I see that GREED starts penetrating and capturing this topic people's minds
I see posts about buying highs.
Buy low, SELL high, control your greed, this is GOLD, not EUR/USD.
Profits to all of you!
  • #6,614
  • Apr 10, 2014 2:50am Apr 10, 2014 2:50am
Quoting samalmoore
I think 1350 and 1380 are both realistic targets over the next week or so. If it breaks 1380, it will almost definitely go to 1425, and if it get's past there, over 1500 virtually guaranteed!!!!
This is a fundamental change...and yes 1425 might be believable maybe in this run...who knows! I just noticed there are bullish pin bars on silver and copper daily charts... that could mean a big bull run!>???
  • #6,615
  • Apr 10, 2014 2:52am Apr 10, 2014 2:52am
Quoting Super_Mario
Morning all. I see that GREED starts penetrating and capturing this topic people's minds I see posts about buying highs. Buy low, SELL high, control your greed, this is GOLD, not EUR/USD. Profits to all of you!

Indeed.Buy Low Sell High still the best trading plan! I'm agree with you.better TP for now. I'm done for today.Best of luck for everyone.Best Regards
  • #6,616
  • Apr 10, 2014 2:53am Apr 10, 2014 2:53am
hello all
hope u get all profit in longs yester day ,,, i miss al as i didnot trade news and price was 1303 i get off all trade stay safe... no one can predict news correct each time.... and many sl hunting ..... but in chart it was really great too and sad to me no to catch ..... any way .... i will load heavy from 1327 to 1333 target under high of yesterday..1314 .. i will not enter long after that run ... as i alittle shifted to sell au after 25 pips from here.... gold get frist get in or au get frist i m out of gold.... good luck all
  • #6,617
  • Apr 10, 2014 2:53am Apr 10, 2014 2:53am
Quoting samalmoore
I think 1350 and 1380 are both realistic targets over the next week or so. If it breaks 1380, it will almost definitely go to 1425, and if it get's past there, over 1500 virtually guaranteed!!!!
I think 1350 and 1380 are both realistic targets over the next week or so. If it breaks 1380, it will almost definitely go to 1425, and if it get's past there, over 1500 virtually guaranteed!!!!

Words/phrases that killed accounts before and will kill accounts again.
  • #6,618
  • Apr 10, 2014 2:54am Apr 10, 2014 2:54am
Quoting Eleven711
{quote} Indeed.Buy Low Sell High still the best trading plan! I'm agree with you.better TP for now. I'm done for today.Best of luck for everyone.Best Regards
good man - knows when to walk away
Cheers!
  • #6,619
  • Apr 10, 2014 2:57am Apr 10, 2014 2:57am
Quoting Super_Mario
{quote} I think 1350 and 1380 are both realistic targets over the next week or so. If it breaks 1380, it will almost definitely go to 1425, and if it get's past there, over 1500 virtually guaranteed!!!! Words/phrases that killed accounts before and will kill accounts again.


Nothing in life is guaranteed!
  • #6,620
  • Apr 10, 2014 2:57am Apr 10, 2014 2:57am
Quoting manforlove
hello all hope u get all profit in longs yester day ,,, i miss al as i didnot trade news and price was 1303 i get off all trade stay safe... no one can predict news correct each time.... and many sl hunting ..... but in chart it was really great too and sad to me no to catch ..... any way .... i will load heavy from 1327 to 1333 target under high of yesterday..1314 .. i will not enter long after that run ... as i alittle shifted to sell au after 25 pips from here.... gold get frist get in or au get frist i m out of gold.... good luck all
This was one of those obvious news... au is having a great run too... good luck!
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