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Only Gold!

  • #10,361
  • Jun 23, 2014 11:07am Jun 23, 2014 11:07am
http://www.foxnews.com/world/2014/06...-since-friday/

Iraq under big threat! What does that mean?
  • #10,362
  • Jun 23, 2014 11:22am Jun 23, 2014 11:22am
Ahhh why the gold is ranging so tightly for so long i want to see some lift off...
  • #10,363
  • Jun 23, 2014 11:26am Jun 23, 2014 11:26am
Gold is the second foe for usa after ISIS, so the rise will be very danger.
  • #10,364
  • Jun 23, 2014 12:37pm Jun 23, 2014 12:37pm
Quoting atom3
Ahhh why the gold is ranging so tightly for so long i want to see some lift off...
only the Hedge Funds Freaks which bought the contracts knows, worth to notice how price is trying be pushed up but momentum is fading rapidly,
they are fighting, If they lose $1300 the bears will continue to dominate the price and plunge it to $1260 again.

there is enough data to bring down the price of gold except for Iraq but look at Crude of Natural Gas, is not having an impact on prices.
  • #10,365
  • Jun 23, 2014 1:23pm Jun 23, 2014 1:23pm
My personal views.

(A) Monthly: From the present PA, I will assume (1) being bottom out, while (2) had done its retracement, due for bull while matching the Gold seasons. I am looking for at least June and July closing Bull candles, testing the previous monthly high.

(B) Weekly: I am anticipating the PA to test the previous weekly high at around 132X to 133X, if break, to further test upper trend line before another retracement.

(C) Daily: Daily PA had made a clear break of the bearish channel, 1330 seems to be the first resistance to break thru.

(D) H1: Personal 4 levels of support to hold the bull, unless it turns and further breaks downward.

Good luck all.
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The only winner is the one who survive the longest...
  • #10,366
  • Jun 23, 2014 2:29pm Jun 23, 2014 2:29pm
Quoting ClockTrader
{quote} Based on clock patterns, I did what seemed right to me.
dear ClockTrader, could You please put some light on 'clock patterns'? what is this? thankYou in advance.
Mind is like a parachute - it is useful only if open
  • #10,367
  • Jun 23, 2014 5:59pm Jun 23, 2014 5:59pm
Same page my friend, love your analysis.

Quoting kinspk
My personal views. (A) Monthly: From the present PA, I will assume (1) being bottom out, while (2) had done its retracement, due for bull while matching the Gold seasons. I am looking for at least June and July closing Bull candles, testing the previous monthly high. (B) Weekly: I am anticipating the PA to test the previous weekly high at around 132X to 133X, if break, to further test upper trend line before another retracement. (C) Daily: Daily PA had made a clear break of the bearish channel, 1330 seems to be the first resistance to break thru....
  • #10,368
  • Jun 23, 2014 6:21pm Jun 23, 2014 6:21pm
This zone right in here looks juicy if we break higher...like the bottoms and tops there, good confluence on lower median line, trendline, horizontal pivots..
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  • #10,369
  • Edited 8:10pm Jun 23, 2014 7:12pm | Edited 8:10pm
Quoting Ksth
{quote} i cant see north movement today... should be going south 1.305 area or lower today

short again.1315 tp 1294.50
  • #10,370
  • Jun 23, 2014 8:57pm Jun 23, 2014 8:57pm
Super solid resistance at 1370. A clean break there & after that, clear air to 1600..
Same applies for Silver..
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Money Makes Money
  • #10,371
  • Edited 9:35pm Jun 23, 2014 9:22pm | Edited 9:35pm
Quoting KiwiOz
Super solid resistance at 1370. A clean break there & after that, clear air to 1600.. Same applies for Silver.. {image} {image} {image}
what about false breakouts, they exists and they happen frequently, im not an expert but look like there is a high possibility Gold is a false flag,
in 2 years of continuos trading i rather have seen a more unsupported move than last week gold rise, even if you watch Kitco, they are the most bullish around, they are surprised, the theory of many is reaccomodation of positions.

theres not any data supporting this move, data all these days have been very bearish for gold, what about a fast n furious retracement to $1270 again, very likely.

if you watch ETF positions , non commercial traders are going long (normal traders like you and me), banks and hedge funds are getting bigger shorts at these levels, most commom target for 2014 is yet $1100.

the Glorius 2011 rise was 80% China and India, that demand is slowing down at a very dramatic pace not to mention India Gold import ban, Stock Markets and Other Investment Vehicles like houses are giving bigger returns than gold and metals.

Gold was pricing this week a very bad "Existing Home Sales" number, was great, its amazing to see gold holding its ground.
let this week invalidate or not this view.
  • #10,372
  • Jun 23, 2014 9:45pm Jun 23, 2014 9:45pm
Quoting acidguy
{quote} what about false breakouts, they exists and they happen frequently, im not an expert but look like there is a high possibility Gold is a false flag, in 2 years of continuos trading i rather have seen a more unsupported move than last week gold rise, even if you watch Kitco, they are the most bullish around, they are surprised, the theory of many is reaccomodation of positions. theres not any data supporting this move, data all these days have been very bearish for gold, what about a fast n furious retracement to $1270 again, very likely....
This is trading & trading Gold at that. Anything is possible. We have not had a retrace of last weeks move yet. Price could come back to 1270 today.
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Money Makes Money
  • #10,373
  • Jun 23, 2014 10:07pm Jun 23, 2014 10:07pm

  1. Long term longs remain hedged
  2. Naked shorts remain in place
  3. Moved SL to 1325 on 50% of total shorts
  4. Longs don't have any SL

IF price shoots to 1325, my floating profit will reduce by about 15%

I would like to try longs using Daily Clock Band today.

PS: SL on shorts using DCB

PPS: This all looks to complex, will try to figure out something easy by NY morning.

Hello World!
  • #10,374
  • Jun 23, 2014 10:45pm Jun 23, 2014 10:45pm
Gold is boring since last Friday, hope its doesn't behave like last month where it move in range for weeks.
The only winner is the one who survive the longest...
  • #10,375
  • Jun 23, 2014 11:49pm Jun 23, 2014 11:49pm
Quoting acidguy
{quote} what about false breakouts, they exists and they happen frequently, im not an expert but look like there is a high possibility Gold is a false flag, in 2 years of continuos trading i rather have seen a more unsupported move than last week gold rise, even if you watch Kitco, they are the most bullish around, they are surprised, the theory of many is reaccomodation of positions. theres not any data supporting this move, data all these days have been very bearish for gold, what about a fast n furious retracement to $1270 again, very...
a false flag bold added by me.

Here's John Kicklighter's view:

http://www.dailyfx.com/forex/video/t...0000000NsYDAA0
  • #10,376
  • Jun 24, 2014 12:55am Jun 24, 2014 12:55am

  1. Reduced the no. of shorts, only 2 naked shorts left.
  2. SL @ 1325 on half of the total shorts (hedges + naked)

Strategy for today:
If SL @ 1325 gets hit, this will trigger my investor sentiment, will bear the SL pain, but, won't mind no matter how much it falls thereafter, if it does.
If SL doesn't get hit and price falls, would be more than happy.

Preference: I would like to see the price fall, if not today, perhaps by weekend.

PS: won't mess with investments in Indian Gold contracts (neat and clean longs only)


Quoting ClockTrader
Long term longs remain hedged Naked shorts remain in place Moved SL to 1325 on 50% of total shorts Longs don't have any SL IF price shoots to 1325, my floating profit will reduce by about 15% I would like to try longs using Daily Clock Band today. PS: SL on shorts using DCB PPS: This all looks to complex, will try to figure out something easy by NY morning.
Hello World!
  • #10,377
  • Jun 24, 2014 3:25am Jun 24, 2014 3:25am
CT: Regarding the chart I would rather say that you place your SL at 1352 and keep selling till 1334 with TP 1291. Then buy again at 1291 with SL at 1278 and open TP
  • #10,378
  • Jun 24, 2014 3:45am Jun 24, 2014 3:45am
ready for a nice sell, it will test $1300
  • #10,379
  • Jun 24, 2014 3:48am Jun 24, 2014 3:48am
Quoting ThePolarFox
CT: Regarding the chart I would rather say that you place your SL at 1352 and keep selling till 1334 with TP 1291. Then buy again at 1291 with SL at 1278 and open TP
The shorts with SL @ 1325 just blew in the air. I think I should stick to simple strategy,

buy every week in June and July:

  1. regardless of where the price is
  2. regardless of bottom or top

Hello World!
  • #10,380
  • Jun 24, 2014 3:49am Jun 24, 2014 3:49am
Does anybody here has any explanation why gold is moving to north again?
Everything is gonna be OK at the end. If its not OK Its not the end
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