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  • #8,681
  • May 15, 2014 4:07am May 15, 2014 4:07am
I guess price might come back to the green region to get that hidden divergence into play. Fib 50%-61.8% might produce some rubber band effect.

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  • #8,682
  • May 15, 2014 4:55am May 15, 2014 4:55am
Quoting Verve
'In light of gold’s recent material rally year to date, gold may be subject to a brief consolidation to around $1,275-1,300 in the short-term. However, based solely on long-term Technical Analysis, one might see the shiny yellow top $2,315/oz by mid-2016. ' http://www.gold-eagle.com/article/go...s-china-demand Geez and i was targeting 1400s .. my broker doesnt seem to charge swap or commision on commodities, ill hold a small amount, heck 2016 thats little over a year it will fly by and ill have...
interesting comments...

it's sucn a long way...
IMHO, price may be go to 900 not 2315...
  • #8,683
  • May 15, 2014 5:00am May 15, 2014 5:00am
Quoting acidguy
{quote} well, good luck to ur counter trend trading, if even Ukraine has not been able to spoil gold, not much can stop the bearish momentum.
You may be right that a slip down to work out stops may occur as well as news such as US unemployment later today can keep this metal shaking about in a 400 pip zone.

However take a look at this trend line.. note that only weekly in my opinion is downtrend

Take note of that dotted green line (images are: weekly, daily, 4hour)
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  • #8,684
  • May 15, 2014 5:03am May 15, 2014 5:03am
Yeah i think ukraine could be the reason for metals pausing, but i think its far more complex than one geo-political event

This quote is worth considering, as is the whole article.. this jim willie character is a genius, or just very well read

'It will be from a Global Currency Reset, with a vast redemption of USTreasurys, a lost USDollar global currency reserve, and discredited sovereign bond backbone for all major currencies. It will feature a Gold Trade Standard, with trade settled on a net basis with gold bullion, supported by gold intermediary bankers. It will rely upon Gold Trade Notes that serve as Letters of Credit. It will see a massive Gold Trade Central Bank, whose embryonic form is noted in the BRICS Bank. Expect the bank to function as a processing plant at a later date, to convert USTBonds into Gold bullion. The same bank will process UKGilts, EuroBonds, and JapGovtBonds into Gold Bullion.'

http://news.goldseek.com/GoldenJackass/1383336180.php
  • #8,685
  • May 15, 2014 6:06am May 15, 2014 6:06am
On the daily chart Gold has not been able to close above the 50 SMA or below the 100 SMA for 1 month now which explains the tight range but it has been moving up slowly. I expect the effect of the USD news today to be dollar negative and the small uptrend on Gold to continue and today it may be able to close above the 50 SMA which is 1309.84.

I'm long from 1294.81 with a TP of 1315 and SL of 1296.50 expecting to reach TP by tomorrow afternoon, but looking to buy again after the dip from 1315 for a TP of 1331. If that is hit then will buy again for a TP of 1392.
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I miss cloggie.
  • #8,686
  • May 15, 2014 6:52am May 15, 2014 6:52am
Quoting Verve
'In light of gold’s recent material rally year to date, gold may be subject to a brief consolidation to around $1,275-1,300 in the short-term. However, based solely on long-term Technical Analysis, one might see the shiny yellow top $2,315/oz by mid-2016. ' http://www.gold-eagle.com/article/go...s-china-demand Geez and i was targeting 1400s .. my broker doesnt seem to charge swap or commision on commodities, ill hold a small amount, heck 2016 thats little over a year it will fly by and ill have...
I'm not an expert nor a fan of wave cycle analysis; but I'll share this for what its worth:

This view is in line with the article: http://www.kitco.com/news/video/show...-$2000-in-2014

I just wonder what will be the fundamental rationale which will drive the price like this...?
  • #8,687
  • May 15, 2014 7:26am May 15, 2014 7:26am
Now, Manipulation before news??
  • #8,688
  • May 15, 2014 7:28am May 15, 2014 7:28am
Quoting madfan
. If that is hit then will buy again for a TP of 1392. {image}
You'v been on FF for about 7 years, with 28 posts, we should take notes when you do
  • #8,689
  • May 15, 2014 7:29am May 15, 2014 7:29am
Quoting waleed.khan
{quote} I'm not an expert nor a fan of wave cycle analysis; but I'll share this for what its worth: This view is in line with the article: http://www.kitco.com/news/video/show...-$2000-in-2014 I just wonder what will be the fundamental rationale which will drive the price like this...?
That Bo Polony chap seems insanely convinced, thanks for the post there are a few other good videos, ill get to em later
Fundamentals, i dunno.. i guess its all about the big money, when it start momentum again everyone jumps on board
  • #8,690
  • May 15, 2014 7:32am May 15, 2014 7:32am
Seems like good US data coming in.
A 1 pip gain is better than a 1 pip loss.
  • #8,691
  • May 15, 2014 7:38am May 15, 2014 7:38am
anyone buying since most of you were long biased?
  • #8,692
  • May 15, 2014 7:40am May 15, 2014 7:40am
Quoting bonnzi
anyone buying since most of you were long biased?
Bouncing off the kijun on the H4, if we get any upward I may place a large lot long even if short term.
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A genius is born every minute, me I am lucky if my socks match.
  • #8,693
  • May 15, 2014 7:48am May 15, 2014 7:48am
Quoting whackdiddy
{quote} Bouncing off the kijun on the H4, if we get any upward I may place a large lot long even if short term. {image}
small long 1291.22 maybe i got my entry to keep by mid 2016 haha
  • #8,694
  • May 15, 2014 7:49am May 15, 2014 7:49am
2 x long, one gold one silver sub 30 seconds $200 profit.. nice

closed both
A genius is born every minute, me I am lucky if my socks match.
  • #8,695
  • May 15, 2014 7:50am May 15, 2014 7:50am
what is God's name is wrong with gold. make up your mind
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freeze!give me all ur pips and laptop
  • #8,696
  • May 15, 2014 7:51am May 15, 2014 7:51am
Quoting yingko
what is God's name is wrong with gold. make up your mind {image}
What's wrong with it??
  • #8,697
  • May 15, 2014 7:55am May 15, 2014 7:55am
Channel angles adjusted and two additional added. Same levels.

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SPC * Swollen PocketZ Crew!
  • #8,698
  • May 15, 2014 7:55am May 15, 2014 7:55am
Quoting yingko
what is God's name is wrong with gold. make up your mind {image}
Same, as I was saying yesterday..
US data may driver her up again, but my D1 is showing we are on track and may go a bit deeper on the bear first.
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A genius is born every minute, me I am lucky if my socks match.
  • #8,699
  • May 15, 2014 7:58am May 15, 2014 7:58am
Quoting ClockTrader
Here I initiate a short trade on paper, a small one Test Short @ 1304 SL @ 1320 This is a test trade and on top of that on paper for I don't wish to take any unnecessary risk while I'm planning long term long trades next month. Right now it feels good to test the waters on paper :-) I need my mind to rest, no stress or distractions while I focus and plan longs for long term next month. 12:00 pm NY, time to call it a day. PS: I could have waited until tomorrow, but, patience is hard to achieve here. Volatility suggests shorts are worth trying.
I see solid support coming around 1290 area, lets see where price culminates around 12 pm NY. Most prolly it'll breach 1308 top of this week by this weekend.

I'll let my test short stay, after all it is test to test the waves.
Hello World!
  • #8,700
  • May 15, 2014 8:01am May 15, 2014 8:01am
Quoting Super_Mario
{quote} What's wrong with it??
just pissed Super Mario cos i had +147 pips and counting just went to get a soda and boom! it almost made away with all that i had made cut me off at +68
freeze!give me all ur pips and laptop
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