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  • #10,081
  • Jun 17, 2014 1:24am Jun 17, 2014 1:24am
https://charts.mql5.com/4/990/xauusd...-limited-2.png


below 1257 : short ==> It will be done sooner !
up 1284 : Long
  • #10,082
  • Jun 17, 2014 2:34am Jun 17, 2014 2:34am
We might make a double bottom on daily if the price bounces from 1252-54 and after that 1300+ will be on the horizon but this is just a guess
  • #10,083
  • Jun 17, 2014 2:41am Jun 17, 2014 2:41am
Quoting elbert3
{image} morning i had a sell at 88 missed by 3 pips, 1 price could bounce here off the 10 ema. 2 if it goes below i will be selling target 37 at least
66.7 long sl 63 with a sell order attached
  • #10,084
  • Jun 17, 2014 2:55am Jun 17, 2014 2:55am
BLOOMBERG:
Fed Will Raise Rates Faster Than Investors Expect, Survey Shows

http://www.bloomberg.com/news/2014-0...vey-shows.html
  • #10,085
  • Jun 17, 2014 3:16am Jun 17, 2014 3:16am
Quoting faizank65
BLOOMBERG: Fed Will Raise Rates Faster Than Investors Expect, Survey Shows http://www.bloomberg.com/news/2014-0...vey-shows.html
a signal to short gold..
P.S. Trade with the discipline of Money Management and Risk Management.
  • #10,086
  • Jun 17, 2014 3:25am Jun 17, 2014 3:25am
Quoting farukh
{quote} a signal to short gold..
It doesn't sound like a short term news to me, i think it's going to decrease the peak price of gold we are going to reach this year but not a sharp decline today or tomorrow because of it.
  • #10,087
  • Jun 17, 2014 3:51am Jun 17, 2014 3:51am
but it would somehow influence the short term trading too on the opening of US session...lets see what happens today...! good luck 4 all golden guys
  • #10,088
  • Jun 17, 2014 4:22am Jun 17, 2014 4:22am
Startling Fact! Isn't it? Well, I am not startled, I know how it works here.
Attached Image
Hello World!
  • #10,089
  • Jun 17, 2014 6:10am Jun 17, 2014 6:10am
Probably, Yellen would announce regarding increasing interest rate after the release of tapering data. They are looking to increase it after finishing the tapering instalments. May be quicker than UK & others.
  • #10,090
  • Jun 17, 2014 7:32am Jun 17, 2014 7:32am
sell stop triggered. tp at 125x
  • #10,091
  • Jun 17, 2014 7:42am Jun 17, 2014 7:42am
bounced...add short at 1261. GOLD may retest 1240 -1200 area. If it can find strong support. gold will go through 1300
  • #10,092
  • Jun 17, 2014 7:42am Jun 17, 2014 7:42am
I think fibo 61.8 retrace at 1257.7 needs confirmation
  • #10,093
  • Jun 17, 2014 7:51am Jun 17, 2014 7:51am
Quoting zew
bounced...add short at 1261. GOLD may retest 1240 -1200 area. If it can find strong support. gold will go through 1300
dont you think this 1h (still 10 min to go) pinbar is a buy signal ?
  • #10,094
  • Jun 17, 2014 7:53am Jun 17, 2014 7:53am
Yellen let the cat out of the bag earlier this year when she hinted the Fed might raise rates 6 months after ending QE. She backtracked of course, so as not to crash markets...but higher U.S. inflation today could be the excuse for less ambiguous language, though perhaps not as straightforward as BOE's Carney. That could move gold towards 1200

...on the geopolitical front, conflict in Ukraine is likely to wind down as Ukraine's military appears to be gaining ground in the East. The conflict in Iraq is the key now and could keep gold around the 1250 level for the short term.
"The market can remain irrational longer than you can remain solvent"
  • #10,095
  • Jun 17, 2014 7:54am Jun 17, 2014 7:54am
Quoting bonnzi
{quote} dont you think this 1h (still 10 min to go) pinbar is a buy signal ?
By all means, it does indicate BUY, but when Gold is falling and is in a bearish season, you have to be careful.

If this was May, I would not get carried away by this pin-bar, BUT, since I'm not in trading mood, but investor mood, I would like add longs from here, actually, did a while back.
Hello World!
  • #10,096
  • Jun 17, 2014 7:57am Jun 17, 2014 7:57am
Quoting ClockTrader
{quote} By all means, it does indicate BUY, but when Gold is falling and is in a bearish season, you have to be careful. If this was May, I would not get carried away by this pin-bar, BUT, since I'm not in trading mood, but investor mood, I would like add longs from here, actually, did a while back.
thanks let see what happens next
  • #10,097
  • Jun 17, 2014 7:58am Jun 17, 2014 7:58am
Quoting anton.olff
Yellen let the cat out of the bag earlier this year when she hinted the Fed might raise rates 6 months after ending QE. She backtracked of course, so as not to crash markets...but higher U.S. inflation today could be the excuse for less ambiguous language, though perhaps not as straightforward as BOE's Carney. That could move gold towards 1200 ...on the geopolitical front, conflict in Ukraine is likely to wind down as Ukraine's military appears to be gaining ground in the East. The conflict in Iraq is the key now and could keep gold around the 1250...
I think gold should bounce back up from here for two reasons: firstly the on going crisis in Iraq and Ukraine and secondly the unexpected rise in CPI (as Gold is traditionally hedge against inflation and the last three month's decline was mainly due to deflationary pressures)
  • #10,098
  • Jun 17, 2014 8:01am Jun 17, 2014 8:01am
Quoting ClockTrader
Does anyone here know how Indians fund their Forex accounts? Banks will cancel debit/credit cards if I use them. I can't send wires either. Technically from legal point of view, Forex is now fully banned for Indian individuals. I know how it sounds like and its kinda off the the topic, but, any help would be highly appreciated.
Try opening account with Payoneer (.com)
They will send you MasterCard so you can directly withdraw your profits money wherever you are.
You can load the account with any local credit card - none of your bank will see it's intended for Forex.
Payoneer works with some forex companies so you withdraw your money to the card.
Skrill is the alternative but Im not aware if they give you ready-to-go card for local ATMs
But still if you are operating 50K+ accounts, they both may be pain in butt.
  • #10,099
  • Jun 17, 2014 8:02am Jun 17, 2014 8:02am
Quoting bonnzi
{quote} dont you think this 1h (still 10 min to go) pinbar is a buy signal ?
well, look at h1, there is some support 1255-60.
H4 show trend is not ending.

so I would take some profit around 1256.
  • #10,100
  • Jun 17, 2014 8:08am Jun 17, 2014 8:08am
Quoting bonnzi
{quote} thanks let see what happens next
I'll be cautious with longs until next weekend.
Hello World!
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