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Only Gold!

  • #11,641
  • Jul 15, 2014 3:26pm Jul 15, 2014 3:26pm
Guys remember to follow the news with regards to the middle east. Gold can still go up if something bad is going to happen.
  • #11,642
  • Jul 15, 2014 3:46pm Jul 15, 2014 3:46pm
And dont forget about very important datas from China in the night!
Look at the calendar!
  • #11,643
  • Jul 15, 2014 4:42pm Jul 15, 2014 4:42pm
Quoting taciho
Guys remember to follow the news with regards to the middle east. Gold can still go up if something bad is going to happen.

Possibly but I think a better gauge for that is Oil...which is really falling!

Palestine/Israel issue is a frequent event which is taken regionally... None of these countries produce natural resources that impact global economies massively... hence their insignificance...

But If something happens to the suez canal (blockades etc) then that can affect the markets as that is a massive trade corridor...

Also if Egypt, Iran or Saudia Arabia some how get involved (which is unlikely) only then...

But yes Gold can still go up! and it will if it holds 1277 level...
  • #11,644
  • Jul 15, 2014 4:52pm Jul 15, 2014 4:52pm
Quoting agnes8
And dont forget about very important datas from China in the night! Look at the calendar!

Yes that's a biggy! quarterly gdp number plus industrial production...
  • #11,645
  • Jul 15, 2014 5:04pm Jul 15, 2014 5:04pm
Quoting elbert3
{image} already long 1292 could be a buy area to target 1339--1400 ??? thats on for the books
as above
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  • #11,646
  • Jul 15, 2014 5:05pm Jul 15, 2014 5:05pm
Quoting waleed.khan
{quote} Yes that's a biggy! quarterly gdp number plus industrial production...
i like the 1400 idea
  • #11,647
  • Jul 15, 2014 5:11pm Jul 15, 2014 5:11pm
Quoting waleed.khan
{quote} got stopped out at breakeven... Short again at 1297 sl at 1313... If price rises will short again (% based) until 1313 gets taken out...
Stop moved to breakeven 1296...

Might be a spike with the china numbers...better to protect capital and find a better entry if stop gets hit.
  • #11,648
  • Jul 15, 2014 6:44pm Jul 15, 2014 6:44pm
The bias is bearish in the nearest term testing 1291 area, a clear break below that area is needed to trigger further bearish momentum to test 1285 area, before aiming 1276. On the upside, immediate resistance is seen around 1304 area, a consistent break and movement above that area would bring the price up , potentially testing 1312-1320 area.
  • #11,649
  • Jul 15, 2014 6:48pm Jul 15, 2014 6:48pm
1285 is short target
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  • #11,650
  • Jul 15, 2014 10:31pm Jul 15, 2014 10:31pm
Imo this looks like it is behaving exactly like a bull BO should behave. I am watching the 4hr 50% Fib and the TL for support.
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As the lights go by so too do the shadows move
  • #11,651
  • Jul 15, 2014 10:46pm Jul 15, 2014 10:46pm
Sive's analysis was accurate yesterday. I strongly recommend watching his daily video especially to swing traders.

Inserted Video


By the way, I have no relationship with FPA. FPA is well-known for its neutral reviews of brokers and fighting against SCAM.
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #11,652
  • Jul 15, 2014 11:21pm Jul 15, 2014 11:21pm
now gold gave us something to think about, option of buying is out of it , so smile to the bears upto 1250 level if am lucky.
  • #11,653
  • Jul 16, 2014 12:07am Jul 16, 2014 12:07am
This is what I got to share today!
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Hello World!
  • #11,654
  • Jul 16, 2014 12:25am Jul 16, 2014 12:25am
hard situation for gold...

a scenario...
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  • #11,655
  • Jul 16, 2014 1:35am Jul 16, 2014 1:35am
Quoting heispark
Sive's analysis was accurate yesterday. I strongly recommend watching his daily video especially to swing traders. http://youtu.be/vzo8WUJz2C8 By the way, I have no relationship with FPA. FPA is well-known for its neutral reviews of brokers and fighting against SCAM.
The current position now is @1297, the video shows @1306.
We already landed @1291, so question is where would gold go?
Breaking 1289 would reach 1280 1st, then break another low...just my view
Keep calm and go GREEN...
  • #11,656
  • Jul 16, 2014 4:07am Jul 16, 2014 4:07am
positions updated!
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Hello World!
  • #11,657
  • Jul 16, 2014 4:11am Jul 16, 2014 4:11am
Quoting ClockTrader
positions updated! {image}
hi,

do you think a retrace to 1311 is possible for now?
  • #11,658
  • Jul 16, 2014 4:14am Jul 16, 2014 4:14am
GOLD or XAU/USD, C.O.T. Index(Comm: 0.00, Large: 100.00, Specs: 100.00), time to find ONLY SELL..
traderbandung.blogspot.com
40%more All Time Return: 10.5%
  • #11,659
  • Jul 16, 2014 4:14am Jul 16, 2014 4:14am
Quoting taciho
{quote} hi, do you think a retrace to 1311 is possible for now?
Any break above 1308 will give strength to gold to maintain its north direction rally
  • #11,660
  • Jul 16, 2014 4:23am Jul 16, 2014 4:23am
The bias is bearish in the nearest term testing 1291 area, a clear break below that area is needed to trigger further bearish momentum to test 1285 area, before aiming 1276. On the upside, immediate resistance is seen around 1304 area, a consistent break and movement above that area would bring the price up, potentially testing 1312-1320 area.
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