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Only Gold!

  • #8,881
  • May 19, 2014 7:19pm May 19, 2014 7:19pm
I prefer to Buy gold today with target of 1312 and above.
Arun
  • #8,882
  • May 19, 2014 8:40pm May 19, 2014 8:40pm
Quoting arunthegreat
I prefer to Buy gold today with target of 1312 and above.
I have managed to grab two profitable trades on longs, but I am being very careful and taking small profits as I see more downside happening during the NY session.
A genius is born every minute, me I am lucky if my socks match.
  • #8,883
  • May 19, 2014 9:15pm May 19, 2014 9:15pm
Quoting arunthegreat
I prefer to Buy gold today with target of 1312 and above.
one should be very careful; the usd index has broken out of its upper trend line of the daily... It is now going to test the 50 sma...! Hopefully it will turn back from there
  • #8,884
  • May 19, 2014 10:41pm May 19, 2014 10:41pm
Quoting barefx
{quote} Yeah, waiting for direction in a ranging market is seriously no fun. I think that's all we have for today's market, trade safe and green pips
Quoting waleed.khan
{quote} Looks like Bloomberg was thinking the same thing: http://www.bloomberg.com/news/2014-0...trictions.html * I find it funny how Bloomberg or any news channel tries to give meaning to a change in prices*
The range has been too tiring to observe and conclude anything substantial. I'd like not to opine but only watch how solid or fragile the support is @ 1288-90 for now.

Quoting JimmyC
{quote} Its time... {image}
Agree, I think we are getting close to that time when we can expect a breakout, I am going to wait for one more day before I share my next view. I plan to remain stay away from live/demo trades until next month.
Hello World!
  • #8,885
  • May 20, 2014 12:33am May 20, 2014 12:33am
Quoting ClockTrader
{quote} {quote} The range has been too tiring to observe and conclude anything substantial. I'd like not to opine but only watch how solid or fragile the support is @ 1288-90 for now. {quote} Agree, I think we are getting close to that time when we can expect a breakout, I am going to wait for one more day before I share my next view. I plan to remain stay away from live/demo trades until next month.
Just triggured a short on it. Next month I think it is late then.

http://fxtrade.oanda.com/lang/cns/an...r-book#XAU/USD

suggested by one guy here a lot of sell stop @1277 area.
  • #8,886
  • May 20, 2014 12:50am May 20, 2014 12:50am
Quoting ClockTrader
{quote} {quote} The range has been too tiring to observe and conclude anything substantial. I'd like not to opine but only watch how solid or fragile the support is @ 1288-90 for now. {quote} Agree, I think we are getting close to that time when we can expect a breakout, I am going to wait for one more day before I share my next view. I plan to remain stay away from live/demo trades until next month.
We are starting to get some movement now, but yeah has been ho hum all asia session.

What I am seeing at the moment...

Short Term.
M15 is showing exhausted bears, they will hold for a little while longer but essentially we are in a no signal pattern - no-mans land...
H4 looks like a solid wedge formation - slightly up - so expecting a major break to the bear.

Longer term
D1 similar to M15
W1 on ichi we have a dint, chip in the cloud and are snuggling up to it at the moment. But then in for more downside to the 1269.83 level. The cloud is thick so resistance to bull is strong - short of devastating news release we are going down.
A genius is born every minute, me I am lucky if my socks match.
  • #8,887
  • May 20, 2014 1:32am May 20, 2014 1:32am
Quoting whackdiddy
{quote} We are starting to get some movement now, but yeah has been ho hum all asia session. What I am seeing at the moment... Short Term. M15 is showing exhausted bears, they will hold for a little while longer but essentially we are in a no signal pattern - no-mans land... H4 looks like a solid wedge formation - slightly up - so expecting a major break to the bear. Longer term D1 similar to M15 W1 on ichi we have a dint, chip in the cloud and are snuggling up to it at the moment. But then in for more downside to the 1269.83 level. The cloud is...
Lets see how the current H1 bar, right now red, wakes up the Britons?
Hello World!
  • #8,888
  • May 20, 2014 1:50am May 20, 2014 1:50am
holding short on silver tonight, thinking about longs in the morning. tp @19.29

waiting for gold, closed a short position from earlier this morning @ 1291.xx
  • #8,889
  • Edited 2:19am May 20, 2014 1:53am | Edited 2:19am
Quoting ClockTrader
{quote} Lets see how the current H1 bar, right now red, wakes up the Britons?
Attached Image (click to enlarge)
Click to Enlarge Name: goldh1.png Size: 59 KB


look like this baby is just about to collapse to $1277-$1280, have not seen a more bearish pattern in some time,
im gonna trade the bounce up to maybe $1290 then this baby should continue it current trend.
  • #8,890
  • May 20, 2014 3:22am May 20, 2014 3:22am
Quoting acidguy
{quote} {image} look like this baby is just about to collapse to $1277-$1280, have not seen a more bearish pattern in some time, im gonna trade the bounce up to maybe $1290 then this baby should continue it current trend.
AcidGuy, how many time do I have to tell you...

"Stop drawing lines on my monitor in red for crying out loud!"..

But yes my indicators agree with your chart 100%..
A genius is born every minute, me I am lucky if my socks match.
  • #8,891
  • May 20, 2014 3:32am May 20, 2014 3:32am
Attached Image (click to enlarge)
Click to Enlarge Name: goldh4.png Size: 54 KB
  • #8,892
  • May 20, 2014 4:04am May 20, 2014 4:04am
Quoting Asifurrahim
{image}
WHAT does this mean? Is it gonna go up?
  • #8,893
  • May 20, 2014 4:28am May 20, 2014 4:28am
The current range for XAUUSD is between 1282.5 and 1306 with initial resistance within that range being 1296 (Pivot)
  • #8,894
  • May 20, 2014 4:56am May 20, 2014 4:56am
Silver went bull like a rocket.. watch your shorts on gold boys.. something is afoot.
A genius is born every minute, me I am lucky if my socks match.
  • #8,895
  • May 20, 2014 5:10am May 20, 2014 5:10am
Quoting whackdiddy
Silver went bull like a rocket.. watch your shorts on gold boys.. something is afoot.
All good, panic'd a little there.. closed long on silver and replace with short. We are back on track, waiting for NY open to drive this beast lower..
A genius is born every minute, me I am lucky if my socks match.
  • #8,896
  • May 20, 2014 5:12am May 20, 2014 5:12am
Quoting barefx
On hourly, 1305 supply area did its job, we may have a bear run to 1290 area, after that we shall see the price action (bounce or break). If we break the range, next possible target would be 1270ish, which might extend further down.
We touched 1288, but seems not breaking the range yet ... still patiently waiting as the range getting narrower.
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD_H4_2014-05-20.png Size: 69 KB
  • #8,897
  • May 20, 2014 5:20am May 20, 2014 5:20am
http://www.mql5.com/en/charts/189147...ervices?bind=1
  • #8,898
  • May 20, 2014 5:34am May 20, 2014 5:34am
Gold Forecast
Mybe some pullback 1286-1283 but in the end expecting big buy for some next days for more
see in big picture .
http://daliyforxnews.blogspot.com
Attached Image (click to enlarge)
Click to Enlarge Name: Gold.JPG Size: 115 KB
  • #8,899
  • May 20, 2014 6:35am May 20, 2014 6:35am
I've Just gone Short at 1291.

The fundamentals now support a significant drop.........., today Gold has become positive in GOFO after a full month and a half of negative rates.

Gold is now finally out of backwardation!

This exact scenario happened earlier this year when we saw the significant price drop back in late March/ early April which coincided with rates going from negative to positive.
Attached Image
  • #8,900
  • May 20, 2014 7:24am May 20, 2014 7:24am
I so thought we were going to break the wedge then... close but no cigar..
A genius is born every minute, me I am lucky if my socks match.
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