- #9,241
- May 28, 2014 4:13am May 28, 2014 4:13am
- Joined Dec 2013 | Status: Trader | 19,815 Posts
- #9,243
- May 28, 2014 4:25am May 28, 2014 4:25am
- Joined Dec 2013 | Status: Trader | 19,815 Posts
{quote} Agree, we are in a bearflag now, allthough to risky to go long for me, shorting in top of the range is a safer bet, as the chanel can break at any moment down. Keeping my shorts, and will keep an eye on PA in channel. good luck!
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. {image}
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
A genius is born every minute, me I am lucky if my socks match.
- #9,246
- May 28, 2014 5:24am May 28, 2014 5:24am
{quote} Agree, we are in a bearflag now, allthough to risky to go long for me, shorting in top of the range is a safer bet, as the chanel can break at any moment down. Keeping my shorts, and will keep an eye on PA in channel. good luck!
Below is a daily chart, showing the longer term bottom trendline still intact, and it resemble a bull flag as well. That explains the contradiction clashes in my head. Good luck to you too.
The only winner is the one who survive the longest...
{quote} Agreed with you too. I am still biased to the downside near 1240 region, but on the other hand, taking in consideration it may correct and change direction for a bull. Below is a daily chart, showing the longer term bottom trendline still intact, and it resemble a bull flag as well. That explains the contradiction clashes in my head. Good luck to you too.
- #9,248
- May 28, 2014 5:37am May 28, 2014 5:37am
{quote} Agreed with you too. I am still biased to the downside near 1240 region, but on the other hand, taking in consideration it may correct and change direction for a bull. Below is a daily chart, showing the longer term bottom trendline still intact, and it resemble a bull flag as well. That explains the contradiction clashes in my head. Good luck to you too.
I was looking for it too
Now my doubt has disappeared
Collecting long maybe when tomorrow market start
- #9,251
- May 28, 2014 6:37am May 28, 2014 6:37am
gone long 1265.... expecting retracement... first target 1275. second 1285. After which we should visit the south side again... stop in place 1258... *become restless after waiting so long - risking 1% of equity; targeting 1.5R to 2.5R roughly*
i don't dare to think of 1275 or 1285 today
- #9,252
- Edited 7:15am May 28, 2014 6:49am | Edited 7:15am
- Joined Mar 2014 | Status: Trader | 1,062 Posts
{quote} we cant break this 1266.60 for hours already i don't dare to think of 1275 or 1285 today
I know... I suspect we might hang in here all day today... which can help in making a morning star for tomorrow...
but seeing Pa hanging around here and posting doji's at the end of this sell off indicates; that sellers are taking a break... hopefully there should be a little retracement now...for me thats worth 1% but then again this could be my restlessness talking... *Mind you this is also the 61.8 retracement area on the daily chart... so there is a good chance it will hold... have to wait and see...
- #9,255
- May 28, 2014 7:41am May 28, 2014 7:41am
{quote} I know... I suspect we might hang in here all day today... which can help in making a morning star for tomorrow... but seeing Pa hanging around here and posting doji's at the end of this sell off indicates; that sellers are taking a break... hopefully there should be a little retracement now...for me thats worth 1% but then again this could be my restlessness talking... *Mind you this is also the 61.8 retracement area on the daily chart... so there is a good chance it will hold... have to wait and see...
Ideally would wait to break below 1260 for a bearish confirmation or move back above 1285 for strong bullish momentum in the near-term.
- #9,256
- May 28, 2014 7:44am May 28, 2014 7:44am
this is a weekly commodity overview from Dukascopy released on Monday, May 26th
Gold opened on a high note on Monday but lost its spree in the next sessions, diving
below the level of $1,300 per ounce. In fact, this mark now seems unattainable for the
yellow metal that is sitting more than $10 per ounce lower than the recent high. The
bullion was responsive to mixed demand numbers from the world top consumers as
well as to economic data from the U.S.
According to the data released by the WGC, China, the world’s top importer,
registered a 18% decline in demand in Q1, while Thailand, the biggest buyer in
Southeast Asia, purchased 78% less gold in the first quarter amid political turmoil.
Meanwhile, India, the second biggest consumer, may see its imports climbing in the
second half of 2014. Demand may rise up to 1,000 metric tonnes this year compared
to 974.8 tonnes in 2013 and 1,006.3 tonnes in 2010. Confirming this view, On Tuesday,
Indian government announced a cut in gold and silver tariff to 2.09% and 2.17%,
respectively.
Silver was more resilient than gold, ending the week with a mild gain of 0.46%. The
bullion drew strength from solid demand across the globe. India’s gross imports of
silver surged 51% in January after registering an all-time high of 6,016 metric tonnes in
2013. Industrial consumption also was supportive for silver futures-fabrication
demand is expected to climb 2.9% this year.
i wish had read this earlier
can you recommend any particular sites that you follow for such type of news ?
Gold opened on a high note on Monday but lost its spree in the next sessions, diving
below the level of $1,300 per ounce. In fact, this mark now seems unattainable for the
yellow metal that is sitting more than $10 per ounce lower than the recent high. The
bullion was responsive to mixed demand numbers from the world top consumers as
well as to economic data from the U.S.
According to the data released by the WGC, China, the world’s top importer,
registered a 18% decline in demand in Q1, while Thailand, the biggest buyer in
Southeast Asia, purchased 78% less gold in the first quarter amid political turmoil.
Meanwhile, India, the second biggest consumer, may see its imports climbing in the
second half of 2014. Demand may rise up to 1,000 metric tonnes this year compared
to 974.8 tonnes in 2013 and 1,006.3 tonnes in 2010. Confirming this view, On Tuesday,
Indian government announced a cut in gold and silver tariff to 2.09% and 2.17%,
respectively.
Silver was more resilient than gold, ending the week with a mild gain of 0.46%. The
bullion drew strength from solid demand across the globe. India’s gross imports of
silver surged 51% in January after registering an all-time high of 6,016 metric tonnes in
2013. Industrial consumption also was supportive for silver futures-fabrication
demand is expected to climb 2.9% this year.
i wish had read this earliercan you recommend any particular sites that you follow for such type of news ?
