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  • #6,761
  • Apr 11, 2014 2:50am Apr 11, 2014 2:50am
volumes are missing... not much buying going on?? Will it hold support!
  • #6,762
  • Apr 11, 2014 2:58am Apr 11, 2014 2:58am
Quoting samalmoore
Just added long at 1318.9 1316.23 Support still holding Price movement above upper trendline - possible move into channel extension Price wedging towards channel support - bullish move Buy: Now 1317.9 SL: 1316 TP: 1330 What you guys think? {image}
I just know that gold must kiss 1313 or else ranging continues
Today is friday and we should not sleep with drawdown
  • #6,763
  • Apr 11, 2014 3:05am Apr 11, 2014 3:05am
Quoting uncletrumpet
{quote} I just know that gold must kiss 1313 or else ranging continues Today is friday and we should not sleep with drawdown
On the chart note the top wick from day before (the one of the fomc minutes) gold seems to be holding this support

Ive taken profit...and bought with a strict $2 stop loss!
  • #6,764
  • Apr 11, 2014 3:07am Apr 11, 2014 3:07am
I think this pair will go down to support level around 1308 before goes up higher
  • #6,765
  • Apr 11, 2014 3:10am Apr 11, 2014 3:10am
Quoting uncletrumpet
{quote} I just know that gold must kiss 1313 or else ranging continues Today is friday and we should not sleep with drawdown
ab=cd pattern completion on 15m chart at 1313.26 with support at 300 sma andpivots at 1313.60
  • #6,766
  • Apr 11, 2014 3:11am Apr 11, 2014 3:11am
Quoting MrketSniper
I think this pair will go down to support level around 1308 before goes up higher
1308 is solid support....

but gold seems to rebound on the 50ma on the 1 hr chart....

Lets see...the engulfing candle from yesterday was 8 dollars in length...from this price another 8 bucks is exactly your support

its a risk,,,have a very close stop loss!
  • #6,767
  • Apr 11, 2014 3:24am Apr 11, 2014 3:24am
The yellow trend indicates 0 hour price
my feeling is price will close today @ 1309-1312
Attached Image (click to enlarge)
Click to Enlarge Name: metatrader4.png Size: 39 KB
  • #6,768
  • Apr 11, 2014 3:30am Apr 11, 2014 3:30am
Quoting waleed.khan
{quote} 1308 is solid support.... but gold seems to rebound on the 50ma on the 1 hr chart.... Lets see...the engulfing candle from yesterday was 8 dollars in length...from this price another 8 bucks is exactly your support its a risk,,,have a very close stop loss!
same ab=cd pattern above its 1.618 fib is at 1308.26 plus 400 sma on 15 m chart
  • #6,769
  • Apr 11, 2014 3:35am Apr 11, 2014 3:35am
Quoting eklein
{quote} same ab=cd pattern above its 1.618 fib is at 1308.26 plus 400 sma on 15 m chart
Yeah looks like it will be those levels...Question is do we see a rebound today? or will prices move sideways to consolidation?
  • #6,770
  • Apr 11, 2014 3:36am Apr 11, 2014 3:36am
Are they still going down?1317 support already breakdown. 1314.12 now
  • #6,771
  • Apr 11, 2014 3:40am Apr 11, 2014 3:40am
Quoting Eleven711
Are they still going down?1317 support already breakdown. 1314.12 now
You should have stayed short...
  • #6,772
  • Apr 11, 2014 3:42am Apr 11, 2014 3:42am
Quoting waleed.khan
{quote} Yeah looks like it will be those levels...Question is do we see a rebound today? or will prices move sideways to consolidation?
Have to ask the Guru CT not sure myself
  • #6,773
  • Apr 11, 2014 3:42am Apr 11, 2014 3:42am
Quoting waleed.khan
{quote} You should have stayed short...

Still on short last night until i must go to bed and clear position. Still on cash mate.Dont worry
  • #6,774
  • Apr 11, 2014 3:46am Apr 11, 2014 3:46am
Quoting Eleven711
{quote} Still on short last night until i must go to bed and clear position. Still on cash mate.Dont worry
Good going! You made money while asleep....nice!
  • #6,775
  • Apr 11, 2014 3:48am Apr 11, 2014 3:48am
If we get a pinbar on the hourly close...this might be a reversal!
  • #6,776
  • Apr 11, 2014 3:48am Apr 11, 2014 3:48am
Quoting waleed.khan
{quote} Good going! You made money while asleep....nice!

On my post above.1314 should be touch.dunno if can hold on 1314. I'm still wait and see now.Rebound or not.
  • #6,777
  • Apr 11, 2014 3:52am Apr 11, 2014 3:52am
If it happen to rebound the target is 1321 as resistance.Any advice?
  • #6,778
  • Apr 11, 2014 3:52am Apr 11, 2014 3:52am
I think what I see trend remains down towards the goal I show in the picture.
looks good in my opinion!
Looking even EMA 200 trend down on the weekly!
for the first image is 4 hours and the second is weekly!
Feel free to comment and I'm wrong!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: XAUUSD 4H.png Size: 75 KB
Click to Enlarge Name: XAUUSD Weekly.png Size: 74 KB
  • #6,779
  • Apr 11, 2014 3:58am Apr 11, 2014 3:58am




Attached Image(s) (click to enlarge)
Click to Enlarge Name: GOLD EW.jpg Size: 139 KB
Click to Enlarge Name: GOLD ABCD.jpg Size: 176 KB
Timing
  • #6,780
  • Apr 11, 2014 3:59am Apr 11, 2014 3:59am
Quoting nappenbir
I think what I see trend remains down towards the goal I show in the picture. looks good in my opinion! Looking even EMA 200 trend down on the weekly! for the first image is 4 hours and the second is weekly! Feel free to comment and I'm wrong! {image} {image}

I'm still waiting hourly candle.If 1314 can hold maybe a reversal. just wait n see. Still on cash
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