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  • #10,481
  • Jun 25, 2014 7:36am Jun 25, 2014 7:36am
So, is that all? OR they just enticing us?
Hello World!
  • #10,482
  • Jun 25, 2014 7:39am Jun 25, 2014 7:39am
i was long, closed, flat... i thought good data makes gold high...
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  • #10,483
  • Jun 25, 2014 7:42am Jun 25, 2014 7:42am
Quoting ClockTrader
So, is that all? OR they just enticing us?
Now for wave C of this retracement
Money Makes Money
  • #10,484
  • Jun 25, 2014 7:45am Jun 25, 2014 7:45am
Looks like a squeeze to me hit the back side of the TL short now tight stops
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  • #10,485
  • Jun 25, 2014 7:46am Jun 25, 2014 7:46am
Quoting prototip
i was long, closed, flat... i thought good data makes gold high...
i was long too from 1313-1314 to 1319
however this low impact made me switch sides and i am currently short from 1319
  • #10,486
  • Jun 25, 2014 7:48am Jun 25, 2014 7:48am
Quoting bonnzi
{quote} i was long too from 1313-1314 to 1319 however this low impact made me switch sides and i am currently short from 1319
too early to short.
  • #10,487
  • Jun 25, 2014 7:52am Jun 25, 2014 7:52am
Quoting seaman2
see how short term trading treats me LONG {image}

exit. 2 risks profit.

I think will go higher but cant be bothered.
  • #10,488
  • Jun 25, 2014 8:08am Jun 25, 2014 8:08am
good data for bulls however gold has a different agenda it seems.
  • #10,489
  • Jun 25, 2014 8:19am Jun 25, 2014 8:19am
Quoting ClockTrader
So, is that all? OR they just enticing us?
I think its testing our patience and wants to go up with Iraq, Ukraine, Bad US numbers, low interest rate policy, strong up move followed by correction. I guess all point to up move in Gold (and ya season as well).

p.s. I was long from 1244 based on your seasonal thing. So thanks :-)
  • #10,490
  • Jun 25, 2014 8:22am Jun 25, 2014 8:22am
Quoting weti
good data for bulls however gold has a different agenda it seems.
Quoting ClockTrader
So, is that all? OR they just enticing us?
It does seem like they were trying to entice people to buy, at least by far.

I would appreciate a fall from the depths of my heart as I am not carrying sufficient weight.

PS: Please fall like apple, straight down, thanks in advance!
Hello World!
  • #10,491
  • Jun 25, 2014 8:23am Jun 25, 2014 8:23am
Quoting Ranjeet1488
{quote} I think its testing our patience and wants to go up with Iraq, Ukraine, Bad US numbers, low interest rate policy, strong up move followed by correction. I guess all point to up move in Gold (and ya season as well). p.s. I was long from 1244 based on your seasonal thing. So thanks :-)
You are welcome mate.

Secondly, howcome you are happy with your weight @ 1244? why not expect a fall so you can load more?
Hello World!
  • #10,492
  • Jun 25, 2014 8:26am Jun 25, 2014 8:26am
Quoting ClockTrader
So, is that all? OR they just enticing us?
On the one hand, don't trade the news.
On the other hand, don't trade the news.



I think it goes higher (in time), but whether they want to shake the tree a bit first over the coming days and weeks is impossible to know. I wouldn't be surprised though.
I have no clue what I'm talking about.
  • #10,493
  • Jun 25, 2014 8:36am Jun 25, 2014 8:36am
Quoting Boy Wonder
{quote} On the one hand, don't trade the news. On the other hand, don't trade the news. I think it goes higher (in time), but whether they want to shake the tree a bit first over the coming days and weeks is impossible to know. I wouldn't be surprised though.
I never ever follow news, but, its kinda good sometimes to await for time triggers for PA.

I never tell anyone to not follow news, everyone has a choice and taste.

> I think it goes higher (in time), but whether they want to shake the tree a bit first over the coming days and weeks is impossible to know. I wouldn't be surprised though.

----> They play with our minds and exactly when people lose patience, they would kick our ass real hard. This is how I interpret most of PA and news based moves.

PS: On a broad level, I would like to ride the bulls after correction. IF there is no price correction by Friday, I would add longs, a lot more by mid of next week.
Hello World!
  • #10,494
  • Jun 25, 2014 8:45am Jun 25, 2014 8:45am
Quoting ClockTrader
{quote} You are welcome mate. Secondly, howcome you are happy with your weight @ 1244? why not expect a fall so you can load more?

I was expecting it to fall more and was short from 1323.8 (took profit at 1318 last night). But the way it fell during China till 1305 and rose sharply I thought something more was developing and was waiting for NY session to decide on my move. Hence all those aforementioned factors, bad data and silver strength made me go long from 1317 again.

p.s. I believe if this gold market wants to sustain the bull run the correction has to start somewhere above 1355 b/c if it gets lower from 1322-31 and corrects itself till 1284-92 level then there won't be enough buyers at these levels in the medium term due to multiple rejections at these levels for so long and investors might be unwilling to invest when it reaches these levels. Hence for gold to maintain its bull run I want 1322-31 level to be taken out by bulls asap even though I might have to buy at the higher level.
  • #10,495
  • Jun 25, 2014 8:49am Jun 25, 2014 8:49am
Quoting ClockTrader
{quote} PS: On a broad level, I would like to ride the bulls after correction. IF there is no price correction by Friday, I would add longs, a lot more by mid of next week.
Agree with you on riding this higher but I'm going to give it longer than Friday as regards "allotted correction time". Anyway, the longer it takes the better for me as I'm playing it with short options as well as longs in the underlying.
I have no clue what I'm talking about.
  • #10,496
  • Jun 25, 2014 8:49am Jun 25, 2014 8:49am
Crude is down so i feel gold will go south by tonite close
  • #10,497
  • Jun 25, 2014 9:44am Jun 25, 2014 9:44am
Quoting gold1234
Crude is down so i feel gold will go south by tonite close
i watch in daily chart there is no price relation of crude and gold, so why gold price fall
  • #10,498
  • Jun 25, 2014 10:08am Jun 25, 2014 10:08am
Quoting Goldengun
{quote} i watch in daily chart there is no price relation of crude and gold, so why gold price fall
Quoting gold1234
Crude is down so i feel gold will go south by tonite close
Crude and Gold work perfectly opposite to each other as far as Seasons are concerned, I've proven the seasonal patterns on both of these (on over ten yrs). Other patterns and some cycles may or may not match.

PS: You might wanna check my other thread, its about Dark Seasons.
Hello World!
  • #10,499
  • Jun 25, 2014 10:34am Jun 25, 2014 10:34am
Quoting Mitchoss
Looking to go short today. I want to Se a test of 1300 gold and 20.3 silver before Friday. Then we should resume in July in the uptrend The metals need a breather to get more buying in my opinion
Silver target hit. Actually dropped to just under 20.99
Are you buying this dip?
  • #10,500
  • Jun 25, 2014 10:43am Jun 25, 2014 10:43am
Quoting stylinex
{quote} Silver target hit. Actually dropped to just under 20.99 Are you buying this dip?
IMO despite its immense strenght now silver is going to have a nice correction to 20,5 ish at least till the end of this week. It is about to test the high now and after that bulls cant wait to take some SL out (cca 21,4).. but then the return to the 20,5 ish is on the table (90% chance :-))
Everything is gonna be OK at the end. If its not OK Its not the end
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