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  • #9,981
  • Jun 12, 2014 7:46pm Jun 12, 2014 7:46pm
Quoting farukh
{quote} till 1288 ?

My stop losses are at 1291...as I think we could see price action go higher in short term given Iraqi crisis. Indeed, a part of me would like this to go higher so I can add shorts. Given last week's NFP, as well as COT report, I don't see this gold rally having real legs. Great scalping opportunities though.
"The market can remain irrational longer than you can remain solvent"
  • #9,982
  • Jun 12, 2014 8:04pm Jun 12, 2014 8:04pm
How did we all go last night? hope people wern't ignorant and shorting into a breaking trend... all the tell tale signs of a run up were there.

More upside today before we have a breather and give some back in my opinion. 1280 then a retest of 1269 before heading higher.

I believe the retrace down will align with the Options/Futures Expiration, as it always does. Then july will be a fantastic month to be a bull .

Thanks
Mitch

Quoting Mitchoss
I believe we are about to break the downtrend line formed on xag (sorry i know this is gold only), and could see a significant boost in gold, somewhere in the region of 1280 as you mentioned. 1270 should be a speed bump (not to be taken lightly), but I feel we are heading higher on technical's alone. AUDUSD has broken above the dreaded 0.94cent mark, the DJ30 has been retracing, along with SP500. This should give gold some legs. Been wrong before! so please do your own research and trust your instincts, I am merely sharing my view like everyone...
  • #9,983
  • Jun 12, 2014 10:51pm Jun 12, 2014 10:51pm
Quoting Mitchoss
How did we all go last night? hope people wern't ignorant and shorting into a breaking trend... all the tell tale signs of a run up were there. More upside today before we have a breather and give some back in my opinion. 1280 then a retest of 1269 before heading higher. I believe the retrace down will align with the Options/Futures Expiration, as it always does. Then july will be a fantastic month to be a bull . Thanks Mitch {quote}
May and June are the most bearish months of the year (given last 3 decades' data). When Bulls take charge in May or June, these moves are supposed to be sluggish, so, the run ups we are seeing right now are miniature versions of whats going to happen in Nov - Dec and finally in Jan.

If July can sustain way above June, its going to be awesome season, I bet!

my 2 gold coins!
Hello World!
  • #9,984
  • Jun 12, 2014 10:53pm Jun 12, 2014 10:53pm
Quoting farukh
{quote} sorry mate it touched ur heart.. i can not say that for u bcz i strongly follow ur posts. actually i tried to quote anton.olff under ur post quoting him that "i thought u were selling"
never mind dude!
Hello World!
  • #9,985
  • Jun 12, 2014 10:53pm Jun 12, 2014 10:53pm
Quoting waleed.khan
{quote} I'm not doubting you... In fact I find that to be very gutsy "heavy longs"...Did you catch these longs on the heavy spike down? At 1240 everybody was expecting more downside into 1232 area... and yet you went long heavily? & this past week price has been moving sideways to slightly higher...and yet you stuck to your position until today! I can understand the latter hold strategy; but collecting heavy longs in such a down spike at 1240 area...In hindsight that just seems remarkable! and interesting... could you please care to share some insight...
You are one smart fella here ;-)
Hello World!
  • #9,986
  • Jun 13, 2014 4:20am Jun 13, 2014 4:20am
Quoting waleed.khan
{quote} I'm not doubting you... In fact I find that to be very gutsy "heavy longs"...Did you catch these longs on the heavy spike down? At 1240 everybody was expecting more downside into 1232 area... and yet you went long heavily? & this past week price has been moving sideways to slightly higher...and yet you stuck to your position until today! I can understand the latter hold strategy; but collecting heavy longs in such a down spike at 1240 area...In hindsight that just seems remarkable! and interesting... could you please care to share some insight...
Just share what I thought. It might be wrong even though I did something looks fine now.

when looking at 4H chart. I found gold dropped more than $30 in a day. It's not quite often. I knew a retrace is ahead, but I have to wait, wait a lower position. When it dropped to $1250 straight without any retrace. nearly $50 from beginning only in 4 days. Gold is not like other forex, can be manipulated very easily. So I pull trigger put some long at $1250. then it through 1250 so quick, I didn't feel really bad, I knew a big retrace is for sure and very close. I added long $1245. this price is quite close to strong support zone in weekly chart. I'm waiting for a even lower position, that could be very sweet. but the price stay there for 2 days, then added more longs around 1241. because ECB is quite near. ECB can't be a bad news for gold and other fundamental like China, Asia, Russia they still importing gold madly. I choose hold orders, when ECB anounced GOLD jumped, then I knew I was right I should hold. I expected it should hit 1275 area. so when price close to 1275, I chose quit , wait and see what will happen next.

Personally I don't think gold can be below 1200, I think gold is in a big bull in next few years because USD is not the one as it was.

Just shared my thoughts, It might be crap to you.
  • #9,987
  • Jun 13, 2014 4:38am Jun 13, 2014 4:38am
Quoting mitchoss
how did we all go last night? Hope people wern't ignorant and shorting into a breaking trend... All the tell tale signs of a run up were there. More upside today before we have a breather and give some back in my opinion. 1280 then a retest of 1269 before heading higher. I believe the retrace down will align with the options/futures expiration, as it always does. Then july will be a fantastic month to be a bull . Thanks mitch {quote}
Attached Image (click to enlarge)
Click to Enlarge Name: GOLD WEEK.png Size: 113 KB
the picture for me we hit the 10 ema or the top trend line on the 20 ema which sounds better then retrace short the last bull candle
  • #9,988
  • Jun 13, 2014 4:47am Jun 13, 2014 4:47am
we still dont see the timeframe easily ,,,,, how about it ??????????????????????????
Whats That? you're trading What?
  • #9,989
  • Jun 13, 2014 4:48am Jun 13, 2014 4:48am
Hi guys i m new in here.. For my analysis gold should go touch 1365... and now see the 4 hr chat i see cup and handle.. now cup has made and prepare to handle... what do u think .. if handle made market is going up trend....
  • #9,990
  • Jun 13, 2014 4:53am Jun 13, 2014 4:53am
Cup and handle....in 4hr. chat...
Attached Image (click to enlarge)
Click to Enlarge Name: cupand handle.jpg Size: 42 KB
  • #9,991
  • Jun 13, 2014 4:54am Jun 13, 2014 4:54am
I think we have 2-3 days until retracement. FOMC is on Wed 18 so it may be the right time.
Attached Image (click to enlarge)
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  • #9,992
  • Jun 13, 2014 4:54am Jun 13, 2014 4:54am
Brace yourselves here we goo!!!
  • #9,993
  • Jun 13, 2014 4:55am Jun 13, 2014 4:55am
Attached Image (click to enlarge)
Click to Enlarge Name: GOLD1H.png Size: 94 KB
lot of rejection have we just seen the gold false move up , short tying it any way
  • #9,994
  • Jun 13, 2014 5:05am Jun 13, 2014 5:05am
Quoting quriousmind
Brace yourselves here we goo!!!
What does that mean? Care to expand?
  • #9,995
  • Jun 13, 2014 6:15am Jun 13, 2014 6:15am
Quoting Bigenshre
Cup and handle....in 4hr. chat... {image}

i agree . i see it as accumulation phase .
  • #9,996
  • Jun 13, 2014 6:18am Jun 13, 2014 6:18am
Is there a relation between Natural Gas / Oil and Gold??

I mean if Gold is up NG / Oil goes down or vice versa? I'm kinda induced into thinking that way.. Specially between Gold and NG..

Thoughts??
Gagz
  • #9,997
  • Jun 13, 2014 6:34am Jun 13, 2014 6:34am
are we going to to retrace at 1264 guys?
  • #9,998
  • Jun 13, 2014 6:59am Jun 13, 2014 6:59am
1270 is broken and held atm.

Bear Flag on Weeklies no longer Valid.

Will hold on to my Long Position. Target Take profit near $1400.

Expecting upwards movement in the near term (3 to 4 months)

Expecting quite a big correction in the Stock Market.
  • #9,999
  • Jun 13, 2014 7:00am Jun 13, 2014 7:00am
is this a known pattern?
Attached Image (click to enlarge)
Click to Enlarge Name: golddaily.png Size: 35 KB
  • #10,000
  • Jun 13, 2014 7:06am Jun 13, 2014 7:06am
This is a link to scripts and instructions which allows you to close all trades on a chart or globally on MT4. I haven't used it but think I need to as I have a number of buystops ready to trigger if this takes off. When I saw a post from CT I thought it might be handy with all the trades he has open and maybe for others. If you use it let me know how it works. I will do the same.

http://forexmt4ea.com/close-all-trades-script-mt4/
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