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  • #8,021
  • May 5, 2014 6:11am May 5, 2014 6:11am
Quoting dendy
big wave long long ?? {image} {image}
i think u ar going too far with ur short, in my opinion it shd end at 1306.2 cos dat is d resistance broken which shd turn support.........
  • #8,022
  • May 5, 2014 6:23am May 5, 2014 6:23am
My opinion with the retest of the daily broken resistance it could be underway.
http://www.forexfactory.com/showthre...22#post7447722

Best,
B.R.
Master Your Setup, Master Your self. (NQoos)
  • #8,023
  • May 5, 2014 6:27am May 5, 2014 6:27am
Quoting honeill
{quote} I think that gold can break well above the 1.320 level with this geopolitical tension going on with Russia and Ukraine.

Hi,
Sooner or later eventually gold will break 1.320 considering equities market are tanking but I think it won't break 1.320 without pullback first..
  • #8,024
  • May 5, 2014 6:38am May 5, 2014 6:38am
Quoting elbert3
{quote} yes could be the case posted this days ago, W to 1420, i think 1264 ish might be the area , i cannot make out your tp.. regards{image}
looks like the W could still be on the cards
Attached Image (click to enlarge)
Click to Enlarge Name: gold day.png Size: 127 KB
looking to get in long scalp no pp 1311 target 09 i have a buy order 1315 just in case of any unpredicted spike , if you look back we had 2 sudden longs , on support lines
  • #8,025
  • May 5, 2014 6:40am May 5, 2014 6:40am
Perfect 1 hr rising wedge. I think if price breaks below trendline it might just target the 1305 - 1298 area.

Attached Image (click to enlarge)
Click to Enlarge Name: 1hr wedge.png Size: 8 KB
  • #8,026
  • May 5, 2014 6:44am May 5, 2014 6:44am
Attached Image (click to enlarge)
Click to Enlarge Name: g8.png Size: 126 KB
on the 4 hour we have a tweezer top, i would keep short till the price hits the white 10 ema ,, but that does not mean that price wont go up before it meets???
  • #8,027
  • May 5, 2014 6:57am May 5, 2014 6:57am
Quoting elbert3
{image} on the 4 hour we have a tweezer top, i would keep short till the price hits the white 10 ema ,, but that does not mean that price wont go up before it meets???
right See my EW count the gold should probably end with in ending diagonal

http://www.earnfromfx.com/uploads/im...rbth7Hoyk5.png

Before

http://www.earnfromfx.com/uploads/im...FbU6emGmru.png
Thathwamasi
  • #8,028
  • May 5, 2014 7:21am May 5, 2014 7:21am
Quoting elbert3
{quote} looks like the W could still be on the cards{image} looking to get in long scalp no pp 1311 target 09 i have a buy order 1315 just in case of any unpredicted spike , if you look back we had 2 sudden longs , on support lines
pp was hit might be overly cautious , better safe than sorry lets see now
  • #8,029
  • May 5, 2014 7:28am May 5, 2014 7:28am
looks like climbing higher to me..
Hello World!
  • #8,030
  • May 5, 2014 7:44am May 5, 2014 7:44am
And the breakout starts a week late..

i think the short term we will see good support at 1308; PA should test 1317 today and if it breaks higher then 1330 and perhaps also 1341-7 by the end of the week!

I think china's PMi numbers have caused panic and the ukraine situaiton is escalating as violence has moved to a larger city "Odessa".

I think on these grounds gold should range trade in the 1300-1350 levels until even perhaps May 25 which is the date set for sanction re/evaluations
  • #8,031
  • May 5, 2014 7:51am May 5, 2014 7:51am
Quoting waleed.khan
And the breakout starts a week late.. i think the short term we will see good support at 1308; PA should test 1317 today and if it breaks higher then 1330 and perhaps also 1341-7 by the end of the week! I think china's PMi numbers have caused panic and the ukraine situaiton is escalating as violence has moved to a larger city "Odessa". I think on these grounds gold should range trade in the 1300-1350 levels until even perhaps May 25 which is the date set for sanction re/evaluations
No surprise if it touches 1320 - 30 range in the current NY session.
Hello World!
  • #8,032
  • May 5, 2014 7:56am May 5, 2014 7:56am
Quoting ClockTrader
{quote} No surprise if it touches 1320 - 30 range in the current NY session.
True at the current rate that we are going... Even though the numbers coming out might have a bearing on that!

the past 2 weeks we have been stuck in a low volatility choppy range; I really hope this is the end of that though! Otherwise I fear a repeat of 2012 (summer) when Pa was ranging for 3 to 4 months!
  • #8,033
  • May 5, 2014 8:06am May 5, 2014 8:06am
Quoting waleed.khan
{quote} True at the current rate that we are going... Even though the numbers coming out might have a bearing on that! the past 2 weeks we have been stuck in a low volatility choppy range; I really hope this is the end of that though! Otherwise I fear a repeat of 2012 (summer) when Pa was ranging for 3 to 4 months!
btw, my test shorts will blow @ 1330
Hello World!
  • #8,034
  • May 5, 2014 8:10am May 5, 2014 8:10am
Quoting ClockTrader
{quote} btw, my test shorts will blow @ 1330
haha... buy sl orders? or sell limit orders?
  • #8,035
  • May 5, 2014 8:14am May 5, 2014 8:14am
fake breakout here on 1 hr chart. I places my precious demo money short here. Probably looks upside momentum taking a rest for now.

Attached Image


But bottom trendline still holding.

Attached Image
  • #8,036
  • May 5, 2014 8:17am May 5, 2014 8:17am
Quoting Superchor
fake breakout here on 1 hr chart. I places my precious demo money short here. Probably looks upside momentum taking a rest for now. {image}
It waiting for the news numbers to come out!
  • #8,037
  • May 5, 2014 8:22am May 5, 2014 8:22am
Quoting waleed.khan
{quote} It waiting for the news numbers to come out!
Possibly Yes !!! I hardly have a habit of looking at news. Time will put me into habit of looking into it. Cheers !!!
  • #8,038
  • May 5, 2014 8:26am May 5, 2014 8:26am
Quoting waleed.khan
{quote} haha... buy sl orders? or sell limit orders?
I had initiated test shorts @ 1300 - 1305, who knows PA takes a U turn and it goes down, nevertheless these were to test the waters.
Hello World!
  • #8,039
  • May 5, 2014 8:35am May 5, 2014 8:35am
Sounds like ism manufacturing will come positive, then Nzd and eur will fall also sterling, but gold will not fall a much as they do so there will be opportunity of loading bulls on gold and silver also eur, Gbp. If Ism doesn't come positiv then we could expect eur gbp gold and nzd to go higher but as their charts are very overbought it won't last long, then they retrace again and countinue their way but thats just my oppinion
Ps. I expect usdtry to go higher as daily chart has a double bottom, very good ooprtunity to buy
  • #8,040
  • May 5, 2014 8:38am May 5, 2014 8:38am
Quoting Superchor
Perfect 1 hr rising wedge. I think if price breaks below trendline it might just target the 1305 - 1298 area. {image}
i agree with you 1298 even 1240. but, did your stoploss hit on that chart? i hope not, cause now price look move down a little.
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