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Only Gold!

  • #8,961
  • May 20, 2014 11:12am May 20, 2014 11:12am
Quoting ClockTrader
{quote} Ideally, safe buy period falls around June-End and July, BUT, buying in test amounts is advisable anytime in June. http://www.forexfactory.com/showthre...94#post7480794
Buying in June is a really good rationale as if you see in the past price does bottom... but I don't know if you have noticed that in the last 3 years price seems to peak out in August 2013, october 2012, September 2011.. Prior to 2011 price did seem to peak by end jan.

What are your thoughts on this CT?
  • #8,962
  • May 20, 2014 12:18pm May 20, 2014 12:18pm
sell order 1297 for me, sl on manage for now price did not make the bottom of the triangle,? and a sell order 92 just in case
  • #8,963
  • May 20, 2014 12:44pm May 20, 2014 12:44pm
Quoting elbert3
sell order 1297 for me, sl on manage for now price did not make the bottom of the triangle,? and a sell order 92 just in case
Great Elbert
  • #8,964
  • May 20, 2014 6:53pm May 20, 2014 6:53pm
Silver:

Getting close to decision time. Up or down? Anyone guessing before the break?
Attached Image (click to enlarge)
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  • #8,965
  • May 20, 2014 9:23pm May 20, 2014 9:23pm
I have short positions
  • #8,966
  • May 20, 2014 10:08pm May 20, 2014 10:08pm
Quoting weti
I have short positions
Just entered another short on the high move that just happened.
A bit of a risk as the climate seems to be changing (for me anyway). Waiting for the break of the wedge now for downside, but the market could very well fool us all and go bad mad bull..
A genius is born every minute, me I am lucky if my socks match.
  • #8,967
  • May 20, 2014 10:24pm May 20, 2014 10:24pm
A little momentum seems to build up for a run, after consolidating in a range for the past 12 hours. Be prepare....
The only winner is the one who survive the longest...
  • #8,968
  • May 20, 2014 10:35pm May 20, 2014 10:35pm
BUY gold now 1295, first target 1306, tp2 1317
Stop 1288
Happy trading.
Arun
  • #8,969
  • May 20, 2014 10:43pm May 20, 2014 10:43pm
Quoting waleed.khan
{quote} Buying in June is a really good rationale as if you see in the past price does bottom... but I don't know if you have noticed that in the last 3 years price seems to peak out in August 2013, october 2012, September 2011.. Prior to 2011 price did seem to peak by end jan. What are your thoughts on this CT?
I agree about the last few years' trend, this is also the reason I have suggested to take partial profit around/before Sep.
Hello World!
  • #8,970
  • Edited 11:05pm May 20, 2014 10:44pm | Edited 11:05pm
Quoting arunthegreat
BUY gold now 1295, first target 1306, tp2 1317 Stop 1288 Happy trading.
My man! That's the spirit! You see what others do not (the 4 hr pinbar)... gl

I must add that its a very interesting and strategic stop placement at 1288...Just under the previous 4 hr doji and also the 78% fib level... A bit aggressive and living on the edge but probably might just work!
  • #8,971
  • May 20, 2014 10:49pm May 20, 2014 10:49pm
Quoting ClockTrader
{quote} I agree about the last few years' trend, this is also the reason I have suggested to take partial profit around/before Sep.
You know couple of days ago I posted a kitco video here... in response to price cycles and a target of 2000 by the end of this year... I'm not to sure if you saw that...? but anyhow it mentioned that golds "cycle" (season) has shifted last year (peaked out in august) and because of that we will gold rise right now; and then bottom a little late in the summer and then rise a lot more by year end...

just thought I'd mention that...(and this is coming from someone who has apparently called the market top and the market bottom of gold...the $2000 gold though does seem far fetched)
  • #8,972
  • May 21, 2014 12:27am May 21, 2014 12:27am
Quoting waleed.khan
{quote} You know couple of days ago I posted a kitco video here... in response to price cycles and a target of 2000 by the end of this year... I'm not to sure if you saw that...? but anyhow it mentioned that golds "cycle" (season) has shifted last year (peaked out in august) and because of that we will gold rise right now; and then bottom a little late in the summer and then rise a lot more by year end... just thought I'd mention that...(and this is coming from someone who has apparently called the market top and the market bottom of gold...the...
Right now, due to seasonal effects, $2000 may seem far fetched, BUT, once it shoots on the back of Bulls in Oct-Nov this year, people will be talking numbers way above 2000, thats how sentiment works, if price has been declining several months in a row, people will talk stupid numbers.

When the price is supposed to culminate near Jan-Feb, people will talk astronomically high. This is how it works! We can change it. The human psychology is for some reason synchronized and set against the seasons.

As for cycles, they seem to shift because of bearish trend in the past 4 yrs, once Bulls are back, these will reset as per seasons for sure.
Hello World!
  • #8,973
  • May 21, 2014 12:31am May 21, 2014 12:31am
Break the wedge you mangy dog..!!
A genius is born every minute, me I am lucky if my socks match.
  • #8,974
  • May 21, 2014 1:13am May 21, 2014 1:13am
Good Morning Whackdiddy ..gold being stubborn?
  • #8,975
  • May 21, 2014 1:31am May 21, 2014 1:31am
Quoting waheed786
Good Morning Whackdiddy ..gold being stubborn?
Hey mate,

Yeah, still ranging and still in the wedge.

Waiting for UK session to open and will look to TP around the 1290 mark if the bear is not convincing. Still at work so unable to publish charts, not much to see that differs to yesterday / last night anyway. Then will head to my second home, the scotch bar to watch the trades and write up doco while admiring the talent behind the bar (yes female talent)..
A genius is born every minute, me I am lucky if my socks match.
  • #8,976
  • May 21, 2014 1:38am May 21, 2014 1:38am
Just entered a sneaky cheeky short on silver @ 19.448, will be a bit of a scalp, looking for TP of 19.359
A genius is born every minute, me I am lucky if my socks match.
  • #8,977
  • May 21, 2014 1:39am May 21, 2014 1:39am
Yeah i think with FOMC coming gold trders will be cautios..as for the finer species knock urself out and ENJOY!!!!!if there is any excess send them my way PLEASE!!!!
  • #8,978
  • May 21, 2014 1:55am May 21, 2014 1:55am
Nice little retrace on the M1 hitting the tenkan and bounced for a larger bear signal. I was expecting it to get to the 1293.74 and then bounce but just shows that it is weak and in a strong sell signal, if you can jump in on a retrace.
A genius is born every minute, me I am lucky if my socks match.
  • #8,979
  • May 21, 2014 2:15am May 21, 2014 2:15am
Okay so it seems like the tide has changed again for time being...

Usd index has started falling...

Euro, aud *(not true for Aud-still uncertain if it will hold key area)* has been consolidating and bounced off key support area..whereas the usdjpy has broken a key area and should have more downside...

Plus the fact that gold so far is showing resilience with the help of the 4 hr pin bar... hopefully this intraday trend will continue into u.s session.

Yellen does speak today which is why volumes have been low... Even though I really doubt she will be saying anything new: i still wouldn't be surprised by spikes in either direction...

I would be very careful from shorting at these levels though...
  • #8,980
  • May 21, 2014 2:31am May 21, 2014 2:31am
Quoting whackdiddy
Just entered a sneaky cheeky short on silver @ 19.448, will be a bit of a scalp, looking for TP of 19.359
with you on this, just placed a sell limit @ 19.500
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