what a move straight back up to daily supply , was not expecting that in a day..............
how long can it go in this way? or it can turn back very badly..
There is no telling, all you have to do is monitor your chart at suitable intervals, everything eventually shows up on the chart.
POSSIBILITIES ARE INFINITE, YOU CAN ACCOMPLISH ANYTHING!
- #10,248
- Jun 19, 2014 6:10pm Jun 19, 2014 6:10pm
- Joined Mar 2014 | Status: Trader | 1,062 Posts
If we close strong today I would expect more upside to follow. I do however feel it will be short lived and we will revisit 1310 and 1300 as supports. Silver has finally come to life. I've been waiting for this move for 3 weeks god damn it! HOORA! Currently hedged on silver, with a small short on gold looking for a test of 1310 today or monday. Cheers Mitch
- #10,249
- Jun 19, 2014 6:25pm Jun 19, 2014 6:25pm
- | Joined Aug 2007 | Status: Trading make u smarter. | 1,230 Posts
one of my worst trading days ever, i lost 2 months of profit in just 1 day, 
my strategy is usually based on sell on overbough and selloff zone to trade the retracements,
today move totally blew my system of trading and kept me adding shorts till i had to closed them at $1315 with a big loss,
Gold move was really fast n furious to the upside, in my mind i was saying, if yesterday after FED gold did not move, bears are still in play but how wrong i was.
i have to learn from today huge mistake.
my strategy is usually based on sell on overbough and selloff zone to trade the retracements,
today move totally blew my system of trading and kept me adding shorts till i had to closed them at $1315 with a big loss,
Gold move was really fast n furious to the upside, in my mind i was saying, if yesterday after FED gold did not move, bears are still in play but how wrong i was.
i have to learn from today huge mistake.
- #10,253
- Jun 19, 2014 6:47pm Jun 19, 2014 6:47pm
- Joined Mar 2014 | Status: Trader | 1,062 Posts
{quote} that means usa will lose financial system, this is too risky to take serius for investors...
Nope he did not say that u.s system will collapse...He said u.s markets will rally in 2014 also... gold can and has moved in tandem with stocks before (it happens)
* I think we should take this guy seriously* If we make a new high which tops 1400 in june (perhaps this current rally) and then makes a new low (in july/august) *
If this happens... I think it might be fair to say that $2000 is plausible (by the end of the year) and this guy is one heck of an elliott wave forecaster !
- #10,254
- Jun 19, 2014 6:54pm Jun 19, 2014 6:54pm
- | Joined Apr 2011 | Status: Trader | 1,281 Posts
one of my worst trading days ever, i lost 2 months of profit in just 1 day,
- #10,255
- Jun 19, 2014 6:58pm Jun 19, 2014 6:58pm
{quote} Nope he did not say that u.s system will collapse...He said u.s markets will rally in 2014 also... gold can and has moved in tandem with stocks before (it happens) * I think we should take this guy seriously* If we make a new high which tops 1400 in june (perhaps this current rally) and then makes a new low (in july/august) * If this happens... I think it might be fair to say that $2000 is plausible (by the end of the year) and this guy is one heck of an elliott wave forecaster !
- #10,256
- Jun 19, 2014 7:05pm Jun 19, 2014 7:05pm
- Joined Mar 2014 | Status: Trader | 1,062 Posts
{quote} everything getting possible... gold trading getting harder... maybe İ will trade more stocks...
Perhaps but there is no volatility left on the indexes... Maybe its personal thing; I don't know but I find it hard to trade things which are hitting all time highs by the day...hence I don't like to trade stocks and the indexes
Gold has finally increased its volatility (past few days)--- which I think is a blessing (why do you think gold has become harder to trade?)
This breakout could have been seen from the daily chart (trendline break) Yes it has jumped dramatically higher...but that' cool it could mean more upside to come...
- #10,257
- Jun 19, 2014 7:20pm Jun 19, 2014 7:20pm
{quote} Perhaps but there is no volatility left on the indexes... Maybe its personal thing; I don't know but I find it hard to trade things which are hitting all time highs by the day...hence I don't like to trade stocks and the indexes Gold has finally increased its volatility (past few days)--- which I think is a blessing (why do you think gold has become harder to trade?) This breakout could have been seen from the daily chart (trendline break) Yes it has jumped dramatically higher...but that' cool it could mean more upside to come...
- #10,258
- Jun 19, 2014 7:43pm Jun 19, 2014 7:43pm
- Joined Jul 2010 | Status: Always manage your risk & leverage | 7,339 Posts
not euphoria follower
- #10,259
- Jun 19, 2014 7:50pm Jun 19, 2014 7:50pm
staying above 1285 will lead us to 1298 today and 1241 in coming days , and looks its ready to break , have to wait and see MACD is showing a bullish bias, but the signal lines should breach line zero to the upside to confirm positivity. AROON Indicator is showing bullishness but the positive line is dropping. Hence, its very significant to breach 1285.15 to confirm the bullish extension {image}
post when gold was at 1282 n told u guys , ready to break decending trendline ,
- #10,260
- Jun 19, 2014 7:52pm Jun 19, 2014 7:52pm
- | Commercial User | Joined Aug 2007 | 6,072 Posts
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