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  • #8,241
  • May 7, 2014 9:55am May 7, 2014 9:55am
any retracement up?
Don't give up
  • #8,242
  • May 7, 2014 10:09am May 7, 2014 10:09am
Quoting geomink
any retracement up?
will it not test 1300 anymore?
Don't give up
  • #8,243
  • May 7, 2014 10:12am May 7, 2014 10:12am
Quoting geomink
{quote} will it not test 1300 anymore?
nobody knows....
  • #8,244
  • May 7, 2014 10:12am May 7, 2014 10:12am
Quoting waleed.khan
{quote} The Technicals are suggesting price forming a support layer.... In terms of your quote above.. I totally agree! if ukraine issue was not there price would fall through the floor! If somehow price falls to 1260 today without any news of possible deescalation in ukraine...that is just going to suggest that someone is toying with traders... because price has tried capitulating 2 or 3 times but it got rejected... But apart from ukraine there is the china slowdown issue... which is still there and cannot be ignored! Plus I also suggest to watch...
if u see the Technicals H1-H4 u can see gold is still falling, if u see Technicals is failing making new highs and bulls are running tired.
last weeks pressure is to destroy the current support.

Attached Image (click to enlarge)
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  • #8,245
  • May 7, 2014 10:14am May 7, 2014 10:14am
Quoting geomink
{quote} will it not test 1300 anymore?
Only place I see is up!

That being said... I'm getting news that putin is pulling troops back from ukraine border??? can someone please verify that? is that true?
  • #8,246
  • May 7, 2014 10:15am May 7, 2014 10:15am
Quoting waleed.khan
{quote} Only place I see is up! That being said... I'm getting news that putin is pulling troops back from ukraine border??? can someone please verify that? is that true?

Yep
  • #8,247
  • May 7, 2014 10:20am May 7, 2014 10:20am
Quoting acidguy
{quote} if u see the Technicals H1-H4 u can see gold is still falling, if u see Technicals is failing making new highs and bulls are running tired. last weeks pressure is to destroy the current support. {image}
Generally cues from market direction should be taken from a larger time frame... Weekly prior to todays retracement looks like it was headed uup... daily is in consolidation to moving up!

After Yellen... I think this is very bullish news for gold!
  • #8,248
  • May 7, 2014 10:23am May 7, 2014 10:23am
Quoting Rizmeister
{quote} Yep
Is that news from a russian source or a western source....?
  • #8,249
  • May 7, 2014 10:23am May 7, 2014 10:23am
Quoting waleed.khan
{quote} Generally cues from market direction should be taken from a larger time frame... Weekly prior to todays retracement looks like it was headed uup... daily is in consolidation to moving up! After Yellen... I think this is very bullish news for gold!
I don't think to have the courage to go long after a drop like that, but it is me............
Don't give up
  • #8,250
  • May 7, 2014 10:23am May 7, 2014 10:23am
Quoting waleed.khan
{quote} Only place I see is up! That being said... I'm getting news that putin is pulling troops back from ukraine border??? can someone please verify that? is that true?
man Russia is a joke, Russia scares no one, i have been in Moscu 2 times last time 2 and a half years ago, Russia is like 1940 everywhere,
most cars are outdated, poverty is everywhere, most Building are superold soviet era, Salary buys nothing, they dont even have money to repair streets, most are in very awful state full of craters.

Russia is still a third world country like mine Venezuela, huge difference to Europe, UK, Japan, USA, China which are advanced countries, only good thing Russia has is Aeronautics.

China is something really different and becoming very fast a top country as India, but Russia, come on, they only have hot girls.
  • #8,251
  • May 7, 2014 10:25am May 7, 2014 10:25am
Quoting geomink
{quote} I don't think to have the courage to go long after a drop like that, but it is me............
well then best to stay out and wait for todays close! and reenter tomorrow as the market will be in a better position to see its direction... "when in doubt; stay out"
  • #8,252
  • Edited 10:45am May 7, 2014 10:26am | Edited 10:45am
XAU/USD 60 MIN.

No predictions, just what I see.

As usual, all zones remain open for valid signals or profit targets at time of posting.
Attached Image (click to enlarge)
Click to Enlarge Name: XAU 1.jpg Size: 138 KB
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #8,253
  • May 7, 2014 10:27am May 7, 2014 10:27am
Quoting waleed.khan
{quote} well then best to stay out and wait for todays close! and reenter tomorrow as the market will be in a better position to see its direction... "when in doubt; stay out"
did you enter long?
Don't give up
  • #8,254
  • May 7, 2014 10:28am May 7, 2014 10:28am
Quoting acidguy
{quote} man Russia is a joke, Russia scares no one, i have been in Moscu 2 times last time 2 and a half years ago, Russia is like 1940 everywhere, most cars are outdated, poverty is everywhere, most Building are superold soviet era, Salary buys nothing, they dont even have money to repair streets, most are in very awful state full of craters. Russia is still a third world country like mine Venezuela, huge difference to Europe, UK, Japan, USA, China which are advanced countries, only good thing Russia has is Aeronautics. China is something really...
AND an ample source of cheap gas! which is the main issue why this crisis is important in the first place...A war could lead to russia cutting the gas supply! which will be devastating for the euro area... and last thing they need is a slowdown right now!
  • #8,255
  • May 7, 2014 10:31am May 7, 2014 10:31am
Quoting geomink
{quote} did you enter long?
yes but with a stop at 1288 and trading very light.. I usually don't counter trend... but after this news I expect price to go up... (ukraine issue deescalating is my only concern for a downside risk...) But cues for that should be taken from the indexes as low interest rates and deescalation of ukraine issue should mean that they should take off and rally! and uptil now they seem to have only erased their losses for the day!
  • #8,256
  • May 7, 2014 10:32am May 7, 2014 10:32am
17:51 05/07NATO has no indication of withdrawal of Russian military forces from Ukraine border. (this goes against what Putin had said earlier)

http://www.orderflowtrading.com/ForexNews.aspx
  • #8,257
  • May 7, 2014 10:36am May 7, 2014 10:36am
Quoting hoss
I'm short to 1,297.00
This is what I call an amazing call
  • #8,258
  • May 7, 2014 10:37am May 7, 2014 10:37am
Quoting waleed.khan
{quote} yes but with a stop at 1288 and trading very light.. I usually don't counter trend... but after this news I expect price to go up... (ukraine issue deescalating is my only concern for a downside risk...) But cues for that should be taken from the indexes as low interest rates and deescalation of ukraine issue should mean that they should take off and rally! and uptil now they seem to have only erased their losses for the day!
what I see just now is a bearish behavours even at the smaller tf

btw GL
Don't give up
  • #8,259
  • May 7, 2014 10:38am May 7, 2014 10:38am
Quoting bonnzi
17:51 05/07NATO has no indication of withdrawal of Russian military forces from Ukraine border. (this goes against what Putin had said earlier) http://www.orderflowtrading.com/ForexNews.aspx
Im looking for a more credible source.. a major news channel!
  • #8,260
  • May 7, 2014 10:39am May 7, 2014 10:39am
Quoting stylinex
{quote} This is what I call an amazing call
Thanks, stylinex. That was a glorious move, for sure.
Life is too short to have anything but delusional notions about yourself.
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