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Only Gold!

  • #11,001
  • Jul 7, 2014 11:10pm Jul 7, 2014 11:10pm
Quoting Arshamv
{quote} please more explain
Possibly, the price can fall.
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  • #11,002
  • Jul 7, 2014 11:31pm Jul 7, 2014 11:31pm
inflation is explained 2,1%... fed said, no problem, we dont care about it... if dollar has high value, then us debt has high value, which is big and bigger...
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  • #11,003
  • Jul 8, 2014 12:08am Jul 8, 2014 12:08am
Boring sideways zzZzZZzZZZZZZ

19th day today....
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  • #11,004
  • Jul 8, 2014 12:13am Jul 8, 2014 12:13am
Quoting ClockTrader
Boring sideways zzZzZZzZZZZZZ 19th day today....
FOMC statement at the end of the month. This may go on awhile. . .
  • #11,005
  • Jul 8, 2014 12:33am Jul 8, 2014 12:33am
Quoting Greenstar
{quote} FOMC statement at the end of the month. This may go on awhile. . .
Tomorrow we have NFP data, we also have Full Moon by Friday, I am expecting high voltage PA drama this week.

If this wants to go down, I hope we get to see a bottom out sooner than later. On the other hand, if this is going up, I would be very pleased :-)
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  • #11,006
  • Jul 8, 2014 12:34am Jul 8, 2014 12:34am
Quoting ClockTrader
Boring sideways zzZzZZzZZZZZZ 19th day today....
Eagerly awaiting NY morning, hope some cues by then..
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  • #11,007
  • Jul 8, 2014 12:41am Jul 8, 2014 12:41am
Which software is dat at tbond 007
  • #11,008
  • Jul 8, 2014 12:43am Jul 8, 2014 12:43am
Quoting ClockTrader
Boring sideways zzZzZZzZZZZZZ 19th day today....
In order to bring some interest in the trades, applied SL on 6 longs using extended Daily Clock Band (DCB)

The loss would be very minor and these SLs would take some stress off my chest. Loads of these longs don't have any SL.

 

  1. 33 longs
  2. 4 shorts
  3. 29 net longs (6 with SL)
  4. About 12 longs in the 1240-60 range look ultra-safe
  5. Technically, there are about 11 longs at stake (risk)

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  • #11,009
  • Jul 8, 2014 1:07am Jul 8, 2014 1:07am
Enter long target @ 1328,70
  • #11,010
  • Jul 8, 2014 3:05am Jul 8, 2014 3:05am
Quoting DNTme
{quote} out 1319.30 will re-enter long if i see a pullback
re-entered long @ 1317.98 aiming for 1328

very often, price will ask again 1313.5 before going up...but i reckon that momentum is up since yesterday...until US close we saw a continuation of bulls....that can be a bull sign
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fokyou forexfactory
  • #11,011
  • Jul 8, 2014 3:09am Jul 8, 2014 3:09am
entered long
target 1 1329
target 2 1334
target 3 1350
  • #11,012
  • Jul 8, 2014 3:30am Jul 8, 2014 3:30am
Quoting DNTme
{quote} re-entered long @ 1317.98 aiming for 1328 very often, price will ask again 1313.5 before going up...but i reckon that momentum is up since yesterday...until US close we saw a continuation of bulls....that can be a bull sign {image} {image}
On my chart, as of Fibonacci, it is more than likely to hit 1315 again before it climbs up. I don't think it will hit even 1312 again unless it has headed north already up to 1334 then down to 1312 or lower.

Ichimoku clouds also are very bullish that seems like 1400 will be only a stop for heading higher if we reached there anytime by the end of this month.

All news pushing on lower gold prices so I am doing the opposite

All in all bullish with very small retracements.

P.S. This is only my own view. Please don't let it affect anyone's Analysis.
  • #11,013
  • Jul 8, 2014 3:39am Jul 8, 2014 3:39am
Lol so Many rejects at 1319.

i'm shorting aswell.
  • #11,014
  • Jul 8, 2014 3:39am Jul 8, 2014 3:39am
Quoting ShadyAhmed
{quote} On my chart, as of Fibonacci, it is more than likely to hit 1315 again before it climbs up. I don't think it will hit even 1312 again unless it has headed north already up to 1334 then down to 1312 or lower. Ichimoku clouds also are very bullish that seems like 1400 will be only a stop for heading higher if we reached there anytime by the end of this month. All news pushing on lower gold prices so I am doing the opposite All in all bullish with very small retracements. P.S. This is only my own view. Please don't let it affect anyone's...
yep i see what you mean
fokyou forexfactory
  • #11,015
  • Jul 8, 2014 3:46am Jul 8, 2014 3:46am
If the price wants to go way high, it will need to fly through 1325

On other hand, if bears want to dominate, they'll need to pierce through the support @ 1312

If the price keeps hovering in this range, I'd say sideways is testing my patience.

I shall review this by NY morning (08:00 am)

PS: Drew this range using Daily Clock Band
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  • #11,016
  • Jul 8, 2014 3:58am Jul 8, 2014 3:58am
My view long term.

dot lines are next targets -medium term.

grey zone is the accumulation yellow is where price will arrive, sooner or later
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fokyou forexfactory
  • #11,017
  • Jul 8, 2014 4:55am Jul 8, 2014 4:55am
Quoting ClockTrader
If the price wants to go way high, it will need to fly through 1325 On other hand, if bears want to dominate, they'll need to pierce through the support @ 1312 If the price keeps hovering in this range, I'd say sideways is testing my patience. I shall review this by NY morning (08:00 am) PS: Drew this range using Daily Clock Band {image}
The last time we had sideways trading for that long was back in April till the 27th of May when the big drop for 30+ dollars in 1 day took place. It took almost six weeks before the continuation of the previous trend. I hope we will be done here by tomorrow !
  • #11,018
  • Jul 8, 2014 5:12am Jul 8, 2014 5:12am
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  • #11,019
  • Jul 8, 2014 5:58am Jul 8, 2014 5:58am
Quoting ShadyAhmed
{quote} The last time we had sideways trading for that long was back in April till the 27th of May when the big drop for 30+ dollars in 1 day took place. It took almost six weeks before the continuation of the previous trend. I hope we will be done here by tomorrow !
hummm, yea, that was a long sidways.. so? should we now expect a 30+ dollars shoot in one day?
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  • #11,020
  • Jul 8, 2014 6:05am Jul 8, 2014 6:05am
I think gold has no problem to go with another 40$ up any moment but institutions are waiting for a good amount of shorts to build up first, since most of the traders went bullish after the last jump, so they are waiting for traders to change their mind in other words, if this doesn't happen they can force it to with a nice correction downwards (i am saying nice but it wont be nice at all for me) anyway, i can close my longs on silver with a nice profit now, since they are opened at 20.81$ but current price is far from my target and i am thinking to take the risk and wait, what do you guys think about that ?
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