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Only Gold!

  • #7,361
  • Apr 21, 2014 1:00am Apr 21, 2014 1:00am
Quoting Spec_And
Bear flag breakout, bulls need to be careful. Yes and the objective for this move is obviously 1280 or lower. {image}
Down roughly $22 since the break. This slide should accelerate if those April lows are taken out.
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"Where you want to be is always in control, never wishing, always trading.
  • #7,362
  • Apr 21, 2014 1:25am Apr 21, 2014 1:25am
FXRAT here reporting for duty.

I am currently long gold and out of court. 1295
Looking for 1278 to be where buyers come in.
If that goes RAT will abandon longs. I will not be
adding to my loser here. etc.
rat
  • #7,363
  • Apr 21, 2014 1:27am Apr 21, 2014 1:27am
Quoting rattyo
FXRAT here reporting for duty. I am currently long gold and out of court. 1295 Looking for 1278 to be where buyers come in. If that goes RAT will abandon longs. I will not be adding to my loser here. etc.
Hi buddy
You mean first it hits the 1278 and then goes up?
  • #7,364
  • Apr 21, 2014 1:56am Apr 21, 2014 1:56am
Quoting ClockTrader
{quote} The people who invested in Gold in the last 3-4 years were no doubt quite wrong, unless they were following "Golden seasons". Buffet calling them stupids can be justified. However, Buffet, given his age and his past experience of Forex (filled with losses) cannot be followed blindly. Like Pip_Anon said, Buffet is good at holding. I still see a bright future of investors who tend to invest in Gold. If one could follow "Golden Seasons", its easy to make money, but, this requires reasonably heavy capital and tons of patience. Seasons are not...
are you not long in gold all these while?
  • #7,365
  • Apr 21, 2014 2:54am Apr 21, 2014 2:54am
Quoting Iraniatrader
{quote} Hi buddy You mean first it hits the 1278 and then goes up?
yes 1278 but at the moment 1281 seems to keep doing the job.
could have a double bottom formation here.
rat
  • #7,366
  • Apr 21, 2014 3:04am Apr 21, 2014 3:04am
Quoting rattyo
{quote} yes 1278 but at the moment 1281 seems to keep doing the job. could have a double bottom formation here.
But in my view it wanna go down to 1277... then up
  • #7,367
  • Apr 21, 2014 3:16am Apr 21, 2014 3:16am
Not looking good, no specific direction its just sideways DO NOT ENTER
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  • #7,368
  • Apr 21, 2014 3:20am Apr 21, 2014 3:20am
Quoting rattyo
FXRAT here reporting for duty. I am currently long gold and out of court. 1295 Looking for 1278 to be where buyers come in. If that goes RAT will abandon longs. I will not be adding to my loser here. etc.

My number Buy @ 1248, maybe its to far
  • #7,369
  • Apr 21, 2014 3:38am Apr 21, 2014 3:38am
Quoting Hora
{quote} My number Buy @ 1248, maybe its to far
trading is thin today without London involved. Gold has mainly been moving
in London hours.
NY isnt open for a good few hours yet.

quite possible 1248 we have already
broke last weeks low so not to clever
being long at the moment.
rat
  • #7,370
  • Apr 21, 2014 3:54am Apr 21, 2014 3:54am
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  • #7,371
  • Apr 21, 2014 4:45am Apr 21, 2014 4:45am
Quoting dashlat
{image}
yes the double botty I was talking about earlier potentially.
takes out asias low in the NY session.
there is quite a destinct decending wedge on the 4hr TF.
Quite possible the lows dont look finished on the chart
yet.
rat
  • #7,372
  • Apr 21, 2014 5:09am Apr 21, 2014 5:09am
if us reporting season starts bad and dow pulls back a few hundred points then gold will go up from here otherwise 1200 on sight.
  • #7,373
  • Apr 21, 2014 5:26am Apr 21, 2014 5:26am
pending buy limit arround 1275.
  • #7,374
  • Apr 21, 2014 5:33am Apr 21, 2014 5:33am
Quoting goldfinger
if us reporting season starts bad and dow pulls back a few hundred points then gold will go up from here otherwise 1200 on sight.
1200 that's a little ambitous LoL
rat
  • #7,375
  • Apr 21, 2014 5:36am Apr 21, 2014 5:36am
Quoting rattyo
{quote} 1200 that's a little ambitous LoL
I am long now based on support for quick scalp.
  • #7,376
  • Apr 21, 2014 5:38am Apr 21, 2014 5:38am
I think free money on USDJPY long. easy 100 plus pips. news from japan was not good. smallposition sl 30 pips
  • #7,377
  • Apr 21, 2014 6:32am Apr 21, 2014 6:32am
possibility gold will rebound:
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  • #7,378
  • Apr 21, 2014 6:40am Apr 21, 2014 6:40am
Quoting goldfinger
{quote} I am long now based on support for quick scalp.
Looks like your going to have to strap in for a rough ride on that long.
rat
  • #7,379
  • Apr 21, 2014 7:21am Apr 21, 2014 7:21am
As per Daily chart analysis:

There is a possibility that Gold will fall to 1260 level and then rebound to 1300 level; after which it will fall lower!
  • #7,380
  • Apr 21, 2014 8:06am Apr 21, 2014 8:06am
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