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  • #7,661
  • Apr 26, 2014 8:39am Apr 26, 2014 8:39am
After 1304.8 may retrace to 1298.5 to complete A-B-C Correction
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  • #7,662
  • Apr 27, 2014 10:07am Apr 27, 2014 10:07am
Within 5-6 months gold will touch $1000 by manipulation,after that dollar will take a very deep fall,maximum within 2 years USA will face new 2008,in that time, think what will happen to gold price..Asia will explode soon from the deception of this manipulation.....................there is no real satisfying growth in the us economy during last 5 years,it is the real picture,that is why they are creating this WAR situations for long time now,and the fed is pretending nothing is happening.......... hahaha .......you will see soon........World will react at this failure and arrogance of dollar domination.
Nothing Is Certain In The Universe
  • #7,663
  • Apr 27, 2014 11:16am Apr 27, 2014 11:16am
Quoting XediAnakin
Within 5-6 months gold will touch $1000 by manipulation,after that dollar will take a very deep fall,maximum within 2 years USA will face new 2008,in that time, think what will happen to gold price..Asia will explode soon from the deception of this manipulation.....................there is no real satisfying growth in the us economy during last 5 years,it is the real picture,that is why they are creating this WAR situations for long time now,and the fed is pretending nothing is happening.......... hahaha .......you will see soon........World...
Lol very extreme ideas, don't think there are many agree with you either i believe in manipulations once a while. but they are for controlling the market not to kick traders ass!
  • #7,664
  • Apr 27, 2014 11:22am Apr 27, 2014 11:22am
Quoting XediAnakin
follow these advanced chart patterns,you will know the market situation better than the past..........time frame to follow--- hourly,4 hourly,daily,weekly....{image}
Before this, somebody has post something like this about the Gartely, Bat, Butterfly patern about a week or two. I could not find the post~ from page 300-384, some of picture didnt turned up due to slow internet connection. Could any 1 retrace back to give me the page or post it again pls?
  • #7,665
  • Apr 27, 2014 4:40pm Apr 27, 2014 4:40pm
Quoting farukh
{quote} key area is between 1298.xx and 1303.xx. breaking any side will determine. my observation! any analysis on it?
HI farukh!

Yes that is true...but I really do feel that the market will open higher and stay higher this week; as the market has recently seen 2 bottoms (1280 levels) and tried breaking down (1268) but instantly jumped up after on the daily chart. A lot of stop loss orders must have been hit which probably eradicated a lot of bears! Technically there are more reasons for this market to stay up now! Lets see what happens...gl
  • #7,666
  • Apr 27, 2014 4:45pm Apr 27, 2014 4:45pm
Daily:

Bullish until 1267-68 area breaks.
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  • #7,667
  • Apr 27, 2014 8:54pm Apr 27, 2014 8:54pm
Quoting srt
Daily: Bullish until 1267-68 area breaks. {image}
A genius is born every minute, me I am lucky if my socks match.
  • #7,668
  • Apr 27, 2014 8:58pm Apr 27, 2014 8:58pm
Quoting srt
Daily: Bullish until 1267-68 area breaks. {image}
You mean what??? Sorry for my english. But your comment has vague meaning.
  • #7,669
  • Apr 28, 2014 1:06am Apr 28, 2014 1:06am
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there might be some support around 1300.
wait and watch whether it is necessary to close my short.
no other killers to me but emotion
  • #7,670
  • Apr 28, 2014 1:11am Apr 28, 2014 1:11am
It may happen like that.
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  • #7,671
  • Apr 28, 2014 2:24am Apr 28, 2014 2:24am
Quoting waleed.khan
{quote} HI farukh! Yes that is true...but I really do feel that the market will open higher and stay higher this week; as the market has recently seen 2 bottoms (1280 levels) and tried breaking down (1268) but instantly jumped up after on the daily chart. A lot of stop loss orders must have been hit which probably eradicated a lot of bears! Technically there are more reasons for this market to stay up now! Lets see what happens...gl
yes u said right it was double bottom. first resistance to be broken at 1306.90 fibonacci retracement 61.8 then way up to break confirmation trend line at 132x.xx and if that too breaks then it will enter bullish trend to target 1400
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P.S. Trade with the discipline of Money Management and Risk Management.
  • #7,672
  • Apr 28, 2014 2:39am Apr 28, 2014 2:39am
Quoting farukh
{quote} yes u said right it was double bottom. first resistance to be broken at 1306.90 fibonacci retracement 61.8 then way up to break confirmation trend line at 132x.xx and if that too breaks then it will enter bullish trend to target 1400 {image}
Yes! You can also draw a trend line on the the weekly chart from 1796 level and see that a break of 1330-50 level in the coming week or weeks will establish a new very long term trend...

This is all technically...if I am to see the fundamental picture; I am still not convinced what will cause this market to go 1400 plus... but maybe the us economy is about to turn; tech stocks are falling (maybe this might be a turning point and indexes might correct causing a lot of panic buying etc) but this is still to premature to say...
  • #7,673
  • Apr 28, 2014 3:00am Apr 28, 2014 3:00am
Quoting waleed.khan
{quote} Yes! You can also draw a trend line on the the weekly chart from 1796 level and see that a break of 1330-50 level in the coming week or weeks will establish a new very long term trend... This is all technically...if I am to see the fundamental picture; I am still not convinced what will cause this market to go 1400 plus... but maybe the us economy is about to turn; tech stocks are falling (maybe this might be a turning point and indexes might correct causing a lot of panic buying etc) but this is still to premature to say...
what's ur expected maximum point above?
P.S. Trade with the discipline of Money Management and Risk Management.
  • #7,674
  • Apr 28, 2014 3:05am Apr 28, 2014 3:05am
Quoting farukh
target 1400 {image}
People keep buying highs and believing in better future
  • #7,675
  • Apr 28, 2014 4:30am Apr 28, 2014 4:30am
The market is too quiet...
Raaaaaaaa
Where is it going!!!!!
  • #7,676
  • Apr 28, 2014 4:36am Apr 28, 2014 4:36am
Gold want go down but bears have some dificult to reverse the market
  • #7,677
  • Apr 28, 2014 5:31am Apr 28, 2014 5:31am
i see a severe sell on gold because of the declining trendline on H1
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practising coitus interruptus
  • #7,678
  • Apr 28, 2014 5:50am Apr 28, 2014 5:50am
Quoting elbert3
{quote} 1301.44 entry , short again on the rise this might tell me where to go 1300.70
still short 1298.5 is res,area i should of gone with last weeks post short at 1307 that now seems t be an indication of going short ,, see if it can break below
  • #7,679
  • Apr 28, 2014 5:57am Apr 28, 2014 5:57am
broke 1300 is dificult actually for bears
there is a good support at 1298
if it break it can go down more
its my point of view
my chart isn't very good so i dont put on line
sorry
  • #7,680
  • Apr 28, 2014 6:17am Apr 28, 2014 6:17am
Quoting farukh
{quote} what's ur expected maximum point above?
For this rally... I don't know; I don't like to make predictions on exact price but rather rely on support/resistance levels. Right now key levels are 1307 ,1317, 1330-50, 1400 with the possibility of going further up to maybe 1420...

I am judging this purely on a daily/weekly technical basis... So gold price will probably retrace lower 50% etc in this probable run too but technically I think we are in for a rally (plus so many people are still bearish...(usually the opposite happens to the popular demand).

Today I think gold will consolidate and maybe retrace a little bit (if it hasn't already) and by the end of the week we will see 1330 tested at least.. Breaks of these levels will of course take prices higher etc...

With all this being said there are many people who believe that gold is about to start on a new bull run which in a few years could take the price too $2200 levels which ofcourse is totally contrary to the current sentiment (something I even find puzzling as improving economies and rising interest rates should only take prices lower...) but maybe there is a catalyst on the horizon somewhere soon which will turn this around... who knows??

Personally I don't like to attach myself to a bias completely; I am going to trade the market as it presents opportunities to me; rather then anticipating events and attaching myself to positions but it is always good to know the sentiments and possibilities of both sides of the story...

What are you targeting...?
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