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  • #9,201
  • May 27, 2014 9:25am May 27, 2014 9:25am
In GOLD/EUR, we are going to the 50% of the daily Fibo more or less 927,5:

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And the 240min:

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  • #9,202
  • May 27, 2014 9:29am May 27, 2014 9:29am
Quoting elbert3
{quote} i think 51 looks to be easy 1237 is a possible too ??
putting pp on 2 trades held now from 1296, 1289, at 1276 ,target as posted 51,and 37,
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  • #9,203
  • May 27, 2014 9:47am May 27, 2014 9:47am
Nice triangle breakout there, a very strong one as expected. Next target would be sub 1255, but for those not in the trade I'd suggest to stay sidelined or wait until bounce.

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  • #9,204
  • May 27, 2014 9:47am May 27, 2014 9:47am
Quick trade buy in Gold/Eur buy 928,5 out 931,5, touch the 50% daily fibo and pullback. Now out to see where it could go but this fibo 928,5-927 is strongh

60mins:

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  • #9,205
  • May 27, 2014 9:52am May 27, 2014 9:52am
what will be the next target for gold
  • #9,206
  • May 27, 2014 9:57am May 27, 2014 9:57am
Quoting elbert3
{quote} putting pp on 2 trades held now from 1296, 1289, at 1276 ,target as posted 51,and 37,{image}
Do you mean 1264 is the reversal point?
  • #9,207
  • May 27, 2014 9:57am May 27, 2014 9:57am
And the 15 min is so perfect on the Fibo:

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  • #9,208
  • May 27, 2014 10:00am May 27, 2014 10:00am
Okay the volumes have slightly started picking up...

Have to wait for PA to indicate a buy after some "consolidation" ( as much as i dread to say that word after the 2 month consolidation)
  • #9,209
  • May 27, 2014 10:03am May 27, 2014 10:03am
Quoting thakursk84
what will be the next target for gold
i dont know i have the x on as target areas the i go to 5 min chart to see the candle forms at the time , regardsE
  • #9,210
  • May 27, 2014 10:08am May 27, 2014 10:08am
Quoting elbert3
{quote} i dont know i have the x on as target areas the i go to 5 min chart to see the candle forms at the time , regardsE
right thanks!
  • #9,211
  • May 27, 2014 10:15am May 27, 2014 10:15am
Quoting diggo
Something has to give within the next week or two with Gold. The ascending/descending TL's are really tightening now, so we have the top at ~1301 and bottom at ~1286, tightening daily. Personally, I favour a break to the downside. My TP remains 1181. I just closed 1/4 of my shorts @ 1288 to protect some profit. Will reload at 1300 if the opportunity presents itself.
Ok so we finally got the confirmed close below the lower TL. Now we can look to position ourselves on the B/O. I wouldn't mind if we had a bounce from the low (1266). It's euro close time, I've closed half my shorts just above here, right or wrong. As we know, gold loves a mid. Mid of previous leg would be 1285. This conveniently coincides with the backhand side of the previous lower TL. This is where big bears will be lurking, myself included.
  • #9,212
  • May 27, 2014 10:23am May 27, 2014 10:23am
Looks like there is a strong support at 1268, I am still long, I mean it's soon June and we all know what people have in mind when we come to June.
  • #9,213
  • May 27, 2014 10:39am May 27, 2014 10:39am
Quoting ClockTrader
{quote} REPEAT ASIAN Morning VIEW: My mood remains bearish in line with seasons, the PA today so far has been in line with my mood. {quote} REPEAT: When PA goes extremely bearish, such volumes / bars can be misleading.
My view remains bearish for few more days. Support will arrive and hopefully visible very soon, but that may not work.

With mind hard bent towards long term longs, I shall continue to stay away and sit on sidelines for now. Wish you all Good Luck!
Hello World!
  • #9,214
  • May 27, 2014 11:16am May 27, 2014 11:16am
Quoting ThePolarFox
Looks like there is a strong support at 1268, I am still long, I mean it's soon June and we all know what people have in mind when we come to June.
May I know how can you be so sure about what will happen on June?
Im sorry if asking basic question
Just new in this thing
  • #9,215
  • May 27, 2014 12:31pm May 27, 2014 12:31pm
Well, for Gold sometimes seasons change things and often in June is the start of a bullish trend as January is the start of a bearish trend, so people got use to it and will start buying for June I added one more long add 1264 all longs TP 1311 on long term, that's my opinion.
  • #9,216
  • May 27, 2014 1:22pm May 27, 2014 1:22pm
Quoting ThePolarFox
Well, for Gold sometimes seasons change things and often in June is the start of a bullish trend as January is the start of a bearish trend, so people got use to it and will start buying for June I added one more long add 1264 all longs TP 1311 on long term, that's my opinion.
there are some Hot Inflation Reports coming that will take investors by surprise, i would not be surprised if gold goes again at $1290 in a spike in the next 3 days.

also we have to remember that gold went to $1200 to $1400 by 2 reasons, Ukraine + Fed not Rising Rates as fast as it said.
On the Bearish Side we have China with weak orders since they need fiat cash now and not metals.

$1262 would offer a nice support, im longin now at $1266 tp $1284 , not stop loss in this trade.
  • #9,217
  • May 27, 2014 2:18pm May 27, 2014 2:18pm
Quoting elbert3
{quote} i dont know i have the x on as target areas the i go to 5 min chart to see the candle forms at the time , regardsE
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before after, pp now 1272 positions might add on the touch of the white 10 ema down then 1251 target
  • #9,218
  • Edited 5:17pm May 27, 2014 4:55pm | Edited 5:17pm
The flippin' the bird pattern never lies. When you see it again, commodities, FX, stocks... you know what to do...

Crayon Charting Crew

Buying's for sucka's

Base Drop Killa'z.... Crushing Green Candles

Copper's next....


Quoting JoeNY
Well,... it looks like Gold is flippin' some of us "The Bird" and with both hands no less..... Definitely trying to tell ya something. Just sayin' (Not a prediction, just some foolin' around. Disregard downward arrow... Use your own due diligence. Don't trust guys that use crayons for charting) Last post for real this time...... I need to get my head examined.... Take care all and good luck.... {image} {image}
SPC * Swollen PocketZ Crew!
  • #9,219
  • May 27, 2014 9:35pm May 27, 2014 9:35pm
did anyone's xag/usd chart reach 18.5 today? Mine hit 18.5 and then shot right back up to 19.1 on the 5min chart entire move lasted about 40 min, gold hit 1264 and remained flat for the day.
  • #9,220
  • May 27, 2014 9:44pm May 27, 2014 9:44pm
Quoting weti
did anyone's xag/usd chart reach 18.5 today? Mine hit 18.5 and then shot right back up to 19.1 on the 5min chart entire move lasted about 40 min, gold hit 1264 and remained flat for the day.
My XAG hit 19 at low
and gold still move flat at 1263-1265.2
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