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  • #8,281
  • May 7, 2014 1:09pm May 7, 2014 1:09pm
finally a little movement hoping close above 1302 !! what comes down must go up...............but doesnt seem it will retrace not much momentum on it at all, we can only but hope
Im new to this btw every time I have played with this pair I have got hammered, I find it to be the most unpredictable... any advice is welcomed please.
  • #8,282
  • May 7, 2014 1:14pm May 7, 2014 1:14pm
Quoting greenblue
{quote} have a big profit last 2 days bro. anyone who in the thread thanks to you.
Glad you made some $. Those set ups don't come that often, but when they do they are about 80% for me. I trade them like a robot.

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Life is too short to have anything but delusional notions about yourself.
  • #8,283
  • May 7, 2014 1:14pm May 7, 2014 1:14pm
I think it will go up near to 1298
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One Day U Will Miss me!
  • #8,284
  • May 7, 2014 1:15pm May 7, 2014 1:15pm
Quoting Yus191
finally a little movement hoping close above 1302 !! what comes down must go up...............but doesnt seem it will retrace not much momentum on it at all, we can only but hope Im new to this btw every time I have played with this pair I have got hammered, I find it to be the most unpredictable... any advice is welcomed please.
Honestly past two years gold has been the worst instrument to play...especially these past few months.... Generally gold is choppy starting april to july!

Try to find markets that are trending...those are the easiest to play! Hope I helped... Cheers and GL!
  • #8,285
  • May 7, 2014 1:19pm May 7, 2014 1:19pm
Quoting geomink
Just curious te see where will buyers reappear here I don't see any bull reaction yet
The 100 sma on the daily has become golds savior off late! It always finds support there recently!
  • #8,286
  • May 7, 2014 1:20pm May 7, 2014 1:20pm
Quoting Yus191
finally a little movement hoping close above 1302 !! what comes down must go up...............but doesnt seem it will retrace not much momentum on it at all, we can only but hope Im new to this btw every time I have played with this pair I have got hammered, I find it to be the most unpredictable... any advice is welcomed please.
we are on the same boat mate newbies in the deep shit haha
hope.... pray....whatever not gonna help
if you have big balls and you are willing to risk your account sit tight and wait if not....take the loss and move on
tomorrow... another day another struggle another opportunity
  • #8,287
  • May 7, 2014 1:32pm May 7, 2014 1:32pm
I think will go down 1200 in case usd pushes..
visit www.OlimpiaFX.com
  • #8,288
  • May 7, 2014 1:37pm May 7, 2014 1:37pm
haha lol all.... well im sitting tight for the moment, i've opened a long near today's high to test the news and missed the opportunity to cut my losses and close b4 the big drop, so now only thing to do is sit tight and wait for the rise.
Either way i was no way expecting it to dip so far below without any decent retrace, news wasn't major or unexpected, but this is gold i guess.

Thanks guys yes all opinions are appreciated especially opinions where ppl disagree this gives a better insight to consider all options.
  • #8,289
  • May 7, 2014 1:40pm May 7, 2014 1:40pm
A trade should be based on an assumption based on facts
  • #8,290
  • May 7, 2014 1:40pm May 7, 2014 1:40pm
As long as gold stays above this trend line and above the 100 sma on the daily..the bullish bias is still in tact!
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  • #8,291
  • May 7, 2014 1:43pm May 7, 2014 1:43pm
Breaking up inside bar TF H1
I don't know if it's a good long signal
seems there's no momentum and H4 bar are really long
Don't give up
  • #8,292
  • May 7, 2014 1:44pm May 7, 2014 1:44pm
Quoting waleed.khan
As long as gold stays above this trend line and above the 100 sma on the daily..the bullish bias is still in tact! {image}
Add this one too :
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  • #8,293
  • May 7, 2014 1:46pm May 7, 2014 1:46pm
Or even channel
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I like drawing lines too, apart for that never helped...
  • #8,294
  • May 7, 2014 1:50pm May 7, 2014 1:50pm
Quoting Super_Mario
{quote} Add this one too : {image}
Thanks become lazy on the charts lately..hehe

I'm curious to know what you think of yellens comments... Massively bullish? or tentatively bullish? EDIT * or still on the side*
  • #8,295
  • May 7, 2014 1:54pm May 7, 2014 1:54pm
Quoting Super_Mario
Or even channel {image} I like drawing lines too, apart for that never helped...
Just curious to know what that little red dot means at1320 level, is that where you think it will move or i am just reading too much between the lines. Lol.
  • #8,296
  • May 7, 2014 1:56pm May 7, 2014 1:56pm
A trade should be based on an assumption based on facts
  • #8,297
  • May 7, 2014 1:57pm May 7, 2014 1:57pm
Quoting workingforex
{quote} I am just reading too much between the lines. Lol.
haha! I enjoyed that one
  • #8,298
  • May 7, 2014 1:59pm May 7, 2014 1:59pm
Quoting workingforex
{quote} Just curious to know what that little red dot means at1320 level, is that where you think it will move or i am just reading too much between the lines. Lol.
too sensitive trackpad on macbooks.
that dot means nothing, ignore it.
basically i believe both charts mean nothing aswell
  • #8,299
  • May 7, 2014 2:02pm May 7, 2014 2:02pm
Quoting waleed.khan
I'm curious to know what you think of yellens comments... Massively bullish? or tentatively bullish? EDIT * or still on the side*
what she said?
all i see is that ETFs are still butthurting and selling off, almost in panic.
however, what they sell is very welcome by buyers :
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  • #8,300
  • May 7, 2014 2:07pm May 7, 2014 2:07pm
Quoting Super_Mario
{quote} what she said? all i see is that ETFs are still butthurting and selling off, almost in panic. however, what they sell is very welcome by buyers : {image}
Well she said lower interest rates fora considerable amount of time; and housing market still not good....

This is very bullish news for all asset classes; very bad for usd and bullish for gold!

If you look back at recent history gold after its double bottom found renewed interest but then people became massively bearish after yellen came out and said that economy is improving and they might raise interest rates in "six months" time... that is what spooked everyone!

Today she just confirmed that is not the case... I dunno but this is very good news for gold bugs it seems... If people don't wake to this today..they will soon enough!
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