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Only Gold!

  • #10,301
  • Jun 20, 2014 9:36am Jun 20, 2014 9:36am
Quoting weti
what do you guys think is the likelihood of 1400 by the beginning of july?
80 bucks in one week? Well when I look at PA now, nothing impossible
Everything is gonna be OK at the end. If its not OK Its not the end
  • #10,302
  • Jun 20, 2014 9:54am Jun 20, 2014 9:54am
China buy at any dip, China Russia exchange now in Yuan/Ru, so the gold is up, further more long term USA zero rate will skyrocket inflation. in the other hand the long mess in middle east will continue supported bu war lords in USA to boost sluggish economy.

1324 then 1335 then 1400
  • #10,303
  • Jun 20, 2014 10:17am Jun 20, 2014 10:17am
how about thoughts on new support? 1315? 1300?
  • #10,304
  • Jun 20, 2014 10:22am Jun 20, 2014 10:22am
Quoting Szymon
{quote} I still dont get it - I mean working with several longs and hedging them with shorts. Could You give me a little light on it? Thanks. In my opinion if reached - level of 1290-1300 is ideal to think about adding longs on gold (this is swap last swap level).
I hedged every single long I had in this account. As of now, all the positions don't even fit in one screenshot.
Attached Image
Hello World!
  • #10,305
  • Jun 20, 2014 10:23am Jun 20, 2014 10:23am
1300 to 1312 are supply areas, i thought the next target is 1324
  • #10,306
  • Jun 20, 2014 10:23am Jun 20, 2014 10:23am
just sitting on these prior tops...looks like it's friday and time to go to the hoose They took out the stops and can't seem to do anything else...maybe if they lull enough to sleep and exit for the shake out it could move higher but not looking convincing right now.
Attached Image (click to enlarge)
Click to Enlarge Name: gc 240m.jpg Size: 238 KB
  • #10,307
  • Jun 20, 2014 10:29am Jun 20, 2014 10:29am
Quoting ClockTrader
{quote} I hedged every single long I had in this account. As of now, all the positions don't even fit in one screenshot. {image}
Good trading mate! Just that personally, I think unlocking from hedging can be tricky sometime, you have to be very careful both sides. Think you know how to do it, with experience you learn many things and I am sure this is one of the feathers in your hat!

Do you think we will again re-visit 1240 levels, as the move upwards yesterday was very violent but yes this is GOLD and we can expect this kind of volatility here. Had a very good day yesterday, hope everyone trade safe and play it smooth.
  • #10,308
  • Jun 20, 2014 10:31am Jun 20, 2014 10:31am
Quoting ClockTrader
{quote} I hedged every single long I had in this account. As of now, all the positions don't even fit in one screenshot. {image}
Thank You ClockTrader, I think I get it finally I do something what I also call hedging but it works other way (usdcad at this moment for example)
Mind is like a parachute - it is useful only if open
  • #10,309
  • Jun 20, 2014 10:39am Jun 20, 2014 10:39am
Quoting Szymon
{quote} Thank You ClockTrader, I think I get it finally I do something what I also call hedging but it works other way (usdcad at this moment for example)
:-)

Quoting workingforex
{quote} Good trading mate! Just that personally, I think unlocking from hedging can be tricky sometime, you have to be very careful both sides. Think you know how to do it, with experience you learn many things and I am sure this is one of the feathers in your hat! Do you think we will again re-visit 1240 levels, as the move upwards yesterday was very violent but yes this is GOLD and we can expect this kind of volatility here. Had a very good day yesterday, hope everyone trade safe and play it smooth.
If things get Ugly i.e. price flies high, I can clean my slate and start fresh. On the contrary I've been investing in Indian Gold market (contracts), no hedges there against longs, so thats my insurance.

Gold is out of the woods, period.
Hello World!
  • #10,310
  • Jun 20, 2014 10:43am Jun 20, 2014 10:43am
Hi CT,

I would certainly like to learn about Indian Gold Contract, does it work the same way or you have something else ? If you don't mind me asking/sharing.

PS: I still feel we will visit down once more before up again as the move yesterday was very violent.
  • #10,311
  • Jun 20, 2014 10:49am Jun 20, 2014 10:49am
Hi all,

Newbie here. i had follow this thread for a long time..CT is my idol

For me.gold will bull till 1325 before massive drop and go north again
  • #10,312
  • Jun 20, 2014 10:58am Jun 20, 2014 10:58am
Quoting workingforex
Hi CT, I would certainly like to learn about Indian Gold Contract, does it work the same way or you have something else ? If you don't mind me asking/sharing. PS: I still feel we will visit down once more before up again as the move yesterday was very violent.
As per my analysis, correction is 100% due. Dip will take place for sure as far as my view is concerned. This could go down as low as 1260 or 80 at least, never know.

The beauty with Indian Gold contracts is that the chances of price falling like a stone off the cliff are very rare / low due to currency fluctuations. Even in the past few years, Gold has been creating new highs every Dec / Jan here. So when it comes to taking profit, I can hedge longs in Forex and as for investments, I can use Indian commodity exchange.


Gotta go! Have a great weekend you all!
Hello World!
  • #10,313
  • Jun 20, 2014 11:12am Jun 20, 2014 11:12am
Quoting ClockTrader
{quote} As per my analysis, correction is 100% due. Dip will take place for sure as far as my view is concerned. This could go down as low as 1260 or 80 at least, never know. The beauty with Indian Gold contracts is that the chances of price falling like a stone off the cliff are very rare / low due to currency fluctuations. Even in the past few years, Gold has been creating new highs every Dec / Jan here. So when it comes to taking profit, I can hedge longs in Forex and as for investments, I can use Indian commodity exchange. Gotta go! Have a great...
1280 seems more plausible than 1260 at the moment. It is hard to ignore this bullish momentum that is pushing gold upwards. I think 1300 will be a tough line to break from now on. just thoughts
  • #10,314
  • Jun 20, 2014 11:19am Jun 20, 2014 11:19am
July is still ahead of us though and If this is anything like years past its going to be rocky, downside is very possible still. August will be the true start of the bullish months.
  • #10,315
  • Jun 20, 2014 9:43pm Jun 20, 2014 9:43pm
Quoting weti
July is still ahead of us though and If this is anything like years past its going to be rocky, downside is very possible still. August will be the true start of the bullish months.
I'm upbeat | gung ho | optimistic | feeling high | positive | confident that Gold is out of the woods and won't return to 1240 levels neither in July nor in August. Being that said, I would remain disciplined regardless of how Gold performs in the next few months.
Hello World!
  • #10,316
  • Jun 20, 2014 11:10pm Jun 20, 2014 11:10pm
Well a dip would be nice
  • #10,317
  • Jun 21, 2014 2:07pm Jun 21, 2014 2:07pm
Gold - some things to consider at this moment
Now sitting at 62 Fib EXTENSION + S/R Line + Price reached Weekly R3 Pivot on Friday. But Thursday green Day candle look very impressive size

Attached Image (click to enlarge)
Click to Enlarge Name: xauusdh4.png Size: 46 KB
  • #10,318
  • Jun 21, 2014 2:24pm Jun 21, 2014 2:24pm
don't count much but some possible scenarios top down weekly to 60m
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gc weekly.jpg Size: 195 KB
Click to Enlarge Name: gc daily.jpg Size: 193 KB
Click to Enlarge Name: gc 240m.jpg Size: 206 KB
Click to Enlarge Name: gc 60m.jpg Size: 146 KB
  • #10,319
  • Jun 21, 2014 3:07pm Jun 21, 2014 3:07pm
Quoting bayfisherman
don't count much but some possible scenarios top down weekly to 60m {image} {image} {image} {image}
Thank you, that adds more clarity
  • #10,320
  • Jun 21, 2014 3:46pm Jun 21, 2014 3:46pm
Quoting bayfisherman
don't count much but some possible scenarios top down weekly to 60m {image} {image} {image} {image}
nice forks and great charts ......... just my style......

btw: whic broker is this? Dukascopy?


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