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  • #9,801
  • Jun 7, 2014 4:02am Jun 7, 2014 4:02am
Quoting aeternum
{quote} I was being angsty but I didn't mean to put that out. Either way it crashed all the way back down after which gave me some small profits. Still waiting for 4H to be oversold and Daily to stall before I start buying again. It is now a weekly inside bar but a very weak one.
all good champ, has been a trying couple of weeks for us all.
A genius is born every minute, me I am lucky if my socks match.
  • #9,802
  • Jun 7, 2014 7:41am Jun 7, 2014 7:41am
Guys, what's your view on Gold, has Gold bottom? I still see lot of rooms to decline till end June/July.
The only winner is the one who survive the longest...
  • #9,803
  • Jun 7, 2014 8:26am Jun 7, 2014 8:26am
Quoting kinspk
Guys, what's your view on Gold, has Gold bottom? I still see lot of rooms to decline till end June/July.
IMO gold will trade in the range around 1238-1265 for some time and i also expect a retest of 1226 before going 1301-1305.

Going south is more likely because of improving geo-political issues.

for the next week my stategy would be selling the metal around 1260-1264 and targeing 1238-1243.
  • #9,804
  • Jun 7, 2014 11:12am Jun 7, 2014 11:12am
Quoting kinspk
Guys, what's your view on Gold, has Gold bottom? I still see lot of rooms to decline till end June/July.
I don't think so, it hasn't gained enough momentum to shoot up...on the daily chart now it looks a bit like when it was 1330, taking a pause..
the big picture of bearish pennant seems not completed yet...maybe if it touches 1200 I'll start buying..
read from somewhere that the cost of production is around 1000 or so...so I would assume if we really go there we can load up big buy

meanwhile, enjoy the ranging condition...good for scalping..hehehe
  • #9,805
  • Jun 7, 2014 6:18pm Jun 7, 2014 6:18pm
Quoting kinspk
Guys, what's your view on Gold, has Gold bottom? I still see lot of rooms to decline till end June/July.
I believe gold is on it's way to 1500 and higher, as on aud/usd price has broken decending triangle and on gbp/usd and Eur/usd we had a spike upward on daily chart. Nzd/usd is on it's way to 0.90 and s&p will hit the channel support on it's daily chart.
fundametally us home datas are still not so good to make gold go lower than these levels, maybe just manipulation, but price is here because of manipulating so i think it's end of the bear season.
  • #9,806
  • Edited Jun 8, 2014 4:21am Jun 7, 2014 8:23pm | Edited Jun 8, 2014 4:21am
Quoting kinspk
Guys, what's your view on Gold, has Gold bottom? I still see lot of rooms to decline till end June/July.
First chart..
Pink lines are monthly S2 and R2 taken and averaged from twenty odd analysts drawn on the Daily.

July’s Rapid Trident exercise
US, UK and Ukraine war games will unsettle the market a little in my opinion, driving to the bull. Hopefully does not kick off anything larger scale but I see gold jumping a little.

The orange horizontal line is a rather large expectation 1425.91 but I do not anticipate seeing this level until start to mid 2015....
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: Screenshot2.png Size: 45 KB
A genius is born every minute, me I am lucky if my socks match.
  • #9,807
  • Jun 8, 2014 7:25pm Jun 8, 2014 7:25pm
U.S. number good on Friday, Chinese number good on Saturday, Japanese number good on Sunday....gold down on Monday.
"The market can remain irrational longer than you can remain solvent"
  • #9,808
  • Jun 8, 2014 9:26pm Jun 8, 2014 9:26pm
Best thing is Gold follows technicals strictly.
4H pullback was longest off all bear candles made in previous 2 weeks.
Now price rests 50 SMA in 4H TF.
1250 is becoming a support, If price closes above 1263 today, I wont be surprised to see a further rise till 1271.
  • #9,809
  • Jun 9, 2014 1:01am Jun 9, 2014 1:01am
Quoting anton.olff
U.S. number good on Friday, Chinese number good on Saturday, Japanese number good on Sunday....gold down on Monday.
Quoting attiq237
Best thing is Gold follows technicals strictly. 4H pullback was longest off all bear candles made in previous 2 weeks. Now price rests 50 SMA in 4H TF. 1250 is becoming a support, If price closes above 1263 today, I wont be surprised to see a further rise till 1271.

Volatility is appearing high on my cards and regardless of this I expect the price to climb, will confirm my view by NY morning.
Hello World!
  • #9,810
  • Jun 9, 2014 1:32am Jun 9, 2014 1:32am
(*)(*)(*) Review Weekly Gold Price ANEV DIAGMED56 Last Month,

(*) Review ANEV DIAGMED56 Weekly Gold Price, 12-16 May 2014 ;
Forecast :
Sideway Sell, power up 1% down 90% sideway 9%, target high 1299 low 1265, estimation range 34 point.
Actual :
Sideway Buy, open 1289 high 1308 low 1277 close 1293, range 31 point.

(*) Review ANEV DIAGMED56 Weekly Gold Price, 19-23 May 2014 ;
Forecast :
Sideway Sell, power up 18% down 72% sideway 10%, target high 1299 low 1269, estimation range 30 point.
Actual :
Sideways, open 1292 high 1305 low 1283 close 1292, range 22 point.

(*) Review ANEV DIAGMED56 Weekly Gold Price, 26-30 May 2014 ;
Forecast :
Sideway Sell, power up 10% down 72% sideway 18%, target high 1297 low 1269, estimation range 28 point.
Actual :
Bearish, open 1293 high 1293 low 1242 close 1249, range 51 point.

(*) Review ANEV DIAGMED56 Weekly Gold Price, Last week 2-6 June 2014 ;
Forecast :
Sideway Sell, power up 1% down 90% sideway 9%, target high 1261 low 1227, estimation range 34 point.
Actual :
Sideway Buy, open 1250 high 1257 low 1240 close 1253, range 17 point.

(*) Prediction ANEV DIAGMED56 Weekly Gold Price, THIS WEEK 9-13 June 2014 ;
Forecast :
Sideway Sell, power up 18% down 72% sideway 10%, target high 1257 low 1225, estimation range 32 point.


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  • #9,811
  • Jun 9, 2014 2:36am Jun 9, 2014 2:36am
1272 -1275 acted as support previously yet we have not tested it as resistance yet. I would expect this to happen this week and not surprised if we flip it as support.

Eyes on stocks as they are due for a rrversal on a technical basis. Which is bullish for metals... almost all stars are aligned in my view for a mkve higher this week.

Im long. Looking for the above price action.

Mitch
  • #9,812
  • Jun 9, 2014 2:49am Jun 9, 2014 2:49am
I see you've had a lot of confidence in your silver longs, holding them through what must have been some nervous times.

I agree with your outlook though.
  • #9,813
  • Jun 9, 2014 3:34am Jun 9, 2014 3:34am
Definitely got in too early, but im confident they will produce the goods hehe

Quoting pbtec
I see you've had a lot of confidence in your silver longs, holding them through what must have been some nervous times. I agree with your outlook though.
  • #9,814
  • Jun 9, 2014 4:02am Jun 9, 2014 4:02am
Attached Image (click to enlarge)
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long from 51 wanted 37 but that will still come i think?? looking to break the top tl on my chart to 100 sma then around 68 to 71 might short depending on the candle set up if any , could get to 1290 area depending on the day ,, that it for me good luck, update later
  • #9,815
  • Jun 9, 2014 4:35am Jun 9, 2014 4:35am
Quoting elbert3
{image} long from 51 wanted 37 but that will still come i think?? looking to break the top tl on my chart to 100 sma then around 68 to 71 might short depending on the candle set up if any , could get to 1290 area depending on the day ,, that it for me good luck, update later
And i opened 1 short at 51 on friday to hedge a bit my longs which seems like a mistake now but...
  • #9,816
  • Jun 9, 2014 4:47am Jun 9, 2014 4:47am
Gold in retracement mode, looks good to test north at 1270 or more. But still not confident to open a long in my long term investment account.
The only winner is the one who survive the longest...
  • #9,817
  • Jun 9, 2014 5:57am Jun 9, 2014 5:57am
IF price can breach 1260 level, I would further confide in up-move.

On a broad level my sentiment remains upward.
Hello World!
  • #9,818
  • Jun 9, 2014 6:03am Jun 9, 2014 6:03am
Quoting kinspk
Gold in retracement mode, looks good to test north at 1270 or more. But still not confident to open a long in my long term investment account.
Do you mind share the broker you use for long term trades?
  • #9,819
  • Jun 9, 2014 6:44am Jun 9, 2014 6:44am
Quoting ClockTrader
IF price can breach 1260 level, I would further confide in up-move. On a broad level my sentiment remains upward.
another shorting opportunity.
"The market can remain irrational longer than you can remain solvent"
  • #9,820
  • Jun 9, 2014 7:39am Jun 9, 2014 7:39am
Quoting anton.olff
{quote} another shorting opportunity.
how have you found this shorting opportunity?
If you do not know who you are, the Forex is the worst place to find you
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