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Only Gold!

  • #9,221
  • May 27, 2014 10:01pm May 27, 2014 10:01pm
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.
No such price hit..
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  • #9,222
  • May 27, 2014 10:57pm May 27, 2014 10:57pm
odd, it was only on xag, everything else remained normal must be a broker side mistake.
  • #9,223
  • May 27, 2014 10:59pm May 27, 2014 10:59pm
I rarely post charts here, there has to be a good reason when I do so and here is what I think.

As visible in the chart, Gold has been going sideways since June last year, I can't share / explain the science here why its been going sideways for the entire past year. As for conclusion and speculation, I strongly think that next 4 - 6 weeks are going to be very very high time to buy Gold for long term.

Come June and July and I am all game for long term longs.

I have not traded at all in the past 10-20 days, not even in my demo accounts, damn! I've been testing my patience and feels good. I am loving my strategy and patience.
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Hello World!
  • #9,224
  • May 27, 2014 11:23pm May 27, 2014 11:23pm
Gold, Next target is 1248.
  • #9,225
  • May 27, 2014 11:23pm May 27, 2014 11:23pm
Quoting ClockTrader
I rarely post charts here, there has to be a good reason when I do so and here is what I think. As visible in the chart, Gold has been going sideways since June last year, I can't share / explain the science here why its been going sideways for the entire past year. As for conclusion and speculation, I strongly think that next 4 - 6 weeks are going to be very very high time to buy Gold for long term. Come June and July and I am all game for long term longs. I have not traded at all in the past 10-20 days, not even in my demo accounts, damn! I've...
Love it.. bring it on..
A genius is born every minute, me I am lucky if my socks match.
  • #9,226
  • May 27, 2014 11:35pm May 27, 2014 11:35pm
Any thoughts on a small pullback from the recent leg down?

Closed my shorts for profit and entered a small long that is currently in the red.

Wondering to exit now or a better price later today.
  • #9,227
  • May 28, 2014 12:10am May 28, 2014 12:10am
Quoting Jackana
The file here is the strategy, R/S and analysis today for Gold. {image}
R4 - 1298 would prevent a heart attack..

I closed one of my crazy longs, 3 left in play. Will hold until TP is met, and will not add any more positions in the short term.
A genius is born every minute, me I am lucky if my socks match.
  • #9,228
  • May 28, 2014 12:41am May 28, 2014 12:41am
gold long or short????????
  • #9,229
  • May 28, 2014 12:46am May 28, 2014 12:46am
Quoting Azmat313
gold long or short????????
I prefer stay out of the trade for now
*Don't follow me as for other it's time to buy gold*
  • #9,230
  • May 28, 2014 12:47am May 28, 2014 12:47am
Quoting Azmat313
gold long or short????????
What would you love to trade (long or short) with the chart like this?

24Gold.
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Trade your plan.
  • #9,231
  • May 28, 2014 12:51am May 28, 2014 12:51am
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.
This is your move
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  • #9,232
  • May 28, 2014 1:24am May 28, 2014 1:24am
Quoting Jackana
The file here is the strategy, R/S and analysis today for Gold. {image}
Its not in english...
  • #9,233
  • May 28, 2014 1:39am May 28, 2014 1:39am
I'm long on gold for now. It will go to 1274 again once more.
  • #9,234
  • May 28, 2014 1:53am May 28, 2014 1:53am
Quoting EveningStar
I'm long on gold for now. It will go to 1274 again once more.
Good luck to all the people who try to catch the bottom. Price action still really bearish, not much buying going on, suggesting another down movement is in the making. I willl keep eye on price action to evaluate when to close my shorts, aiming around 1250, moved my stops to 1270.
  • #9,235
  • May 28, 2014 2:42am May 28, 2014 2:42am
Stocks are dropping, gold should go up, now is it the real move we all wait for.. we don't know. But I have my longs running and I hope for a come back to 1290 at least for today
  • #9,236
  • May 28, 2014 2:47am May 28, 2014 2:47am
Quoting ThePolarFox
Stocks are dropping, gold should go up, now is it the real move we all wait for.. we don't know. But I have my longs running and I hope for a come back to 1290 at least for today
thast the spirit haha i am also long unfortunately deep under water fot the time being
come back to 1290 would be great however i seriously doubt that would happen today not even till the rest of the week either
but i wish you are right
good luck
  • #9,237
  • May 28, 2014 2:56am May 28, 2014 2:56am
Quoting ThePolarFox
Stocks are dropping, gold should go up, now is it the real move we all wait for.. we don't know. But I have my longs running and I hope for a come back to 1290 at least for today
Wow that is adventurous. I am expecting to hold my longs for a week at least before we get back to a bull trend.
The only real significant bull indicator I can see is on my weekly where we may touch 1303.36 but with the current pressure of the bears .....
A genius is born every minute, me I am lucky if my socks match.
  • #9,238
  • May 28, 2014 3:21am May 28, 2014 3:21am
Well at the moment my longs are low volume anyway, let's wait for NY opening and see what happens, if it keeps go up I'll add more and more, it can't go way deeper imo
  • #9,239
  • May 28, 2014 3:21am May 28, 2014 3:21am
I have taken Short..
  • #9,240
  • May 28, 2014 4:04am May 28, 2014 4:04am
Yesterday my analysis and my intuition had a great fight messing up my results, hopefully today, both are in good term now. Presently look good for a correction towards north.
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The only winner is the one who survive the longest...
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