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Only Gold!

  • #9,441
  • May 30, 2014 10:27am May 30, 2014 10:27am
Quoting waleed.khan
{quote} The kind of volumes we had 3 days ago are still missing... that means that bulls are still scared to enter!
I decided to enter a long at 1245. There is a lot of downward pressure and likely the safer region for longs would be about 1225, but I think we'll get a retrace to 1255-1260.
"The market can remain irrational longer than you can remain solvent"
  • #9,442
  • May 30, 2014 10:36am May 30, 2014 10:36am
Quoting Harlen
{quote} not SL hunting but TP hunting {image}
becareful who want to long, looks like Gold want to test 1180..
Tdk ada yang salah dengan seekor Gagak. Dibandingkan burung yang terkurung
  • #9,443
  • May 30, 2014 10:40am May 30, 2014 10:40am
Sure, but after retracement to 23,6 Fib at least IMO
Everything is gonna be OK at the end. If its not OK Its not the end
  • #9,444
  • May 30, 2014 10:41am May 30, 2014 10:41am
Quoting Harlen
{quote} becareful who want to long, looks like Gold want to test 1180..
will you please support your THOUGHT with a Chart ?
  • #9,445
  • May 30, 2014 10:45am May 30, 2014 10:45am
my sl was hit but loss what yesterday i had scalped with gold, opening another long, this time more lots tp 1260.
  • #9,446
  • May 30, 2014 10:45am May 30, 2014 10:45am
Quoting anton.olff
{quote} I decided to enter a long at 1245. There is a lot of downward pressure and likely the safer region for longs would be about 1225, but I think we'll get a retrace to 1255-1260.

We agree (for a change)

But do you see a retracement right now or after 1225 target...?
  • #9,447
  • May 30, 2014 10:56am May 30, 2014 10:56am
Bros, careful with long. Gold seems unhappy to move north yet. It had been persistent in proving us wrong.
The only winner is the one who survive the longest...
  • #9,448
  • May 30, 2014 10:56am May 30, 2014 10:56am
Quoting acidguy
my sl was hit but loss what yesterday i had scalped with gold, opening another long, this time more lots tp 1260.

Brother... what I am about to say to you.. please don't take offense...

I feel you that you might be letting your ego get the better part of you; I feel this because I've been here many times before...

Trying to catch a falling knife...calling a market bottom...its tough and you could get a big drawdown...

I've been noticing today you broke your own rules of playing the news... that didn't work out.. and you are trying to go long again..

This could be the bottom...I don't know; but the market is not indicating that on any indicator....

I'm sorry I had to say this & its your money at the end of the day... I just thought I'd mention as i see a pattern...
  • #9,449
  • May 30, 2014 11:05am May 30, 2014 11:05am
Support has arrived in the 124x range, but, in a bearish environment and the month when Gold is supposed to be lowest in the year, be cautious when you go long.

Make sure to love and respect MM like your Mom.
Hello World!
  • #9,450
  • Edited 11:44am May 30, 2014 11:07am | Edited 11:44am
Quoting ClockTrader
Make sure to love and respect MM like your Mom.
I triple 2nd that! if that can even happen...

*key is to play great defense ; not offense* Paul tudor jones
  • #9,451
  • May 30, 2014 11:16am May 30, 2014 11:16am
For this daily chart, there is a possibility it will test the bottom channel line, while previous cluttered lows(1230-1235) will act as support to reverse the trend. But on weekly chart, it seems possible to retest 1200. Still too risky to long.
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 22 KB
The only winner is the one who survive the longest...
  • #9,452
  • May 30, 2014 11:19am May 30, 2014 11:19am
Quoting kinspk
For this daily chart, there is a possibility it will test the bottom channel line, while previous cluttered lows(1230-1235) will act as support to reverse the trend. But on weekly chart, it seems possible to retest 1200. Still too risky to long. {image}

There is a case for a gartley reversal on 78.6 fibo & a bat reversal on 88.6 fibo...
  • #9,453
  • May 30, 2014 11:33am May 30, 2014 11:33am
I see gold will move up targeting 1270 ( 100% profit warranty ) never missed.
  • #9,454
  • May 30, 2014 11:41am May 30, 2014 11:41am
IF it falls below 1225, I think the next support would be around 1125 - 1150 range.

I've been buying light long tests lately. Lets see where this goes. I hope we have a clear pic by June-end.
Hello World!
  • #9,455
  • May 30, 2014 11:42am May 30, 2014 11:42am
Quoting tedsung
I see gold will move up targeting 1270 ( 100% profit warranty ) never missed.
Bro, care to share your 100% secret? Where do u recommend the entry/SL and why is it 100%? Thanks.
The only winner is the one who survive the longest...
  • #9,456
  • May 30, 2014 11:48am May 30, 2014 11:48am
Quoting kinspk
{quote} Bro, care to share your 100% secret? Where do u recommend the entry/SL and why is it 100%? Thanks.

A warranty not a guarantee...hmmm -- So when can this money making machine get delivered! If we lose money back???
  • #9,457
  • May 30, 2014 11:52am May 30, 2014 11:52am
Quoting waleed.khan
{quote} A warranty not a guarantee...hmmm -- So when can this money making machine get delivered! If we lose money back???
Quoting kinspk
{quote} Bro, care to share your 100% secret? Where do u recommend the entry/SL and why is it 100%? Thanks.
I am sure he is a rookie.
Hello World!
  • #9,458
  • May 30, 2014 11:58am May 30, 2014 11:58am
Anyway, I see a small formation for a retracement.
Attached Image
The only winner is the one who survive the longest...
  • #9,459
  • May 30, 2014 12:06pm May 30, 2014 12:06pm
Quoting waleed.khan
{quote} A warranty not a guarantee...hmmm -- So when can this money making machine get delivered! If we lose money back???
Hehe, I think we can claim our losses from him. Sounds good with the warranty.



Quoting ClockTrader
{quote} {quote} I am sure he is a rookie.
Hmm, I think it will be too early for a gold rookie like me to judge him, but you're a veteran, that makes a diff. Anyway, sometimes it good to hear different views but not definitely gonna follow the calls without charts or reasons.
The only winner is the one who survive the longest...
  • #9,460
  • May 30, 2014 12:08pm May 30, 2014 12:08pm
Quoting kinspk
Anyway, I see a small formation for a retracement. {image}

A retracement is due after this sell off... previous support becomes resistance...

if that happens might be a good area to sell...
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