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  • #12,001
  • Jul 22, 2014 1:04am Jul 22, 2014 1:04am
Quoting agnes8
A question. I know, we possibly facing a downtrend, but the price of the oil went up. So shouldnt go the price of the gold up too?
Mexico has decided to finish with petrol and gas monopolium.
  • #12,002
  • Jul 22, 2014 1:04am Jul 22, 2014 1:04am
76% fibo just got hit on the h chart.

Time to see if this is going further or its all we got on the bearside for now..
  • #12,003
  • Jul 22, 2014 1:07am Jul 22, 2014 1:07am
Most likely the fall will continue.. Americans will wake up with jaws dropping, similar expressions on Britons' faces :-)

No offence to anyone!
Hello World!
  • #12,004
  • Jul 22, 2014 1:13am Jul 22, 2014 1:13am
ahaha well i'm gonna get some breakfast i hope you are right ct i set up some entry for the 161 fibo level on silver n case it breaksand i'm patiently waiting to set up the trailing stops but so far so good
  • #12,005
  • Jul 22, 2014 1:24am Jul 22, 2014 1:24am
uploaded several lots of longs (at 1306)
where are we? we are here. where are we going? ...
  • #12,006
  • Jul 22, 2014 1:28am Jul 22, 2014 1:28am
Quoting Windstrown
ahaha well i'm gonna get some breakfast i hope you are right ct i set up some entry for the 161 fibo level on silver n case it breaksand i'm patiently waiting to set up the trailing stops but so far so good
Bon Appétit
Hello World!
  • #12,007
  • Jul 22, 2014 1:45am Jul 22, 2014 1:45am
Price needs fresh air, hope some light by NY morning.

South doesn't look bad to me, reason: no bottom out signs on VSA yet.
Attached Image (click to enlarge)
Click to Enlarge Name: fresh-air.PNG Size: 18 KB
Hello World!
  • #12,008
  • Jul 22, 2014 2:14am Jul 22, 2014 2:14am
Quoting agnes8
A question. I know, we possibly facing a downtrend, but the price of the oil went up. So shouldnt go the price of the gold up too?
Dear, it is not necessary that the prices of the Gold and the Crude Oil trade in tandem. The prices of oil are rising due to the current Geo-political tensions and the improvement in China. Even though, the gold prices are also supported due to the strength of the safe haven demand (also backed by this Geo-political tensions), the strength of the Dollar is hurting the gold prices.

I hope the answer could satisfy your query.
  • #12,009
  • Jul 22, 2014 2:32am Jul 22, 2014 2:32am
Quoting Fx_Anil
{quote} Dear, it is not necessary that the prices of the Gold and the Crude Oil trade in tandem. The prices of oil are rising due to the current Geo-political tensions and the improvement in China. Even though, the gold prices are also supported due to the strength of the safe haven demand (also backed by this Geo-political tensions), the strength of the Dollar is hurting the gold prices. I hope the answer could satisfy your query.
Thanks dear, yes, it could. (I never trade oil.)
  • #12,010
  • Jul 22, 2014 2:35am Jul 22, 2014 2:35am
Tight candlesticks on 1H charts, looking at further decline for GOLD at least till Major US data later for next indication.
8 years of slamming against the wall. 2015 is the year the wall breaks down
  • #12,011
  • Jul 22, 2014 2:39am Jul 22, 2014 2:39am
Quoting agnes8
{quote} Thanks dear, yes, it could. (I never trade oil.)
You are welcome.
  • #12,012
  • Jul 22, 2014 2:45am Jul 22, 2014 2:45am
I believe we are heading down to take out 1290
Attached Image (click to enlarge)
Click to Enlarge Name: xauusddaily.png Size: 68 KB
  • #12,013
  • Jul 22, 2014 3:10am Jul 22, 2014 3:10am
Again another tight candlestick on 1H charts, adding on to the consolidation for further movement. Expect any US news later on to really move the short-term trend, time to camp the news.
8 years of slamming against the wall. 2015 is the year the wall breaks down
  • #12,014
  • Jul 22, 2014 3:26am Jul 22, 2014 3:26am
Quoting rythmrig
I believe we are heading down to take out 1290 {image}
Agree, Short term it does look like Gold is cruising for a bruising.

Bears want this down.
  • #12,015
  • Jul 22, 2014 4:12am Jul 22, 2014 4:12am
Quoting agnes8
{quote} Thanks dear, yes, it could. (I never trade oil.)
Oil is trading high , because today is the last day oil future contracts for the month. And at the end of the day it may come sharp down as most traders will be closing the trade.
  • #12,016
  • Jul 22, 2014 4:15am Jul 22, 2014 4:15am
Morning traders,

Nice fall back on 1HR forming a double bottom. As this isn't broken the bulls are still in control of current PA IMO.

$1318 needs to be broken on next run up to show bulls still have strength and $1324 being the next price to break on the upside.

Invalidated if $1301 is breached on the downside and falls below the $10 zone up to $1291 where support should come in.

My longs are still open, untouched, PA not telling me anything expect to hold the longs still.

In an ideal world, looking for $1304 to sustain as support, $1318 to be broken and to consolidate within the $1330-1333 zone.
Attached Image (click to enlarge)
Click to Enlarge Name: Gold 1.png Size: 131 KB
To live a successful life, we must lose our fear of being wrong
  • #12,017
  • Jul 22, 2014 4:25am Jul 22, 2014 4:25am

  1. Removed SL from 4 longs
  2. Moved SL to 1298 for other 4 recent longs (going an extra mile)


This is all I got to share for now..

IF this continues to fall, seasonal entry for longs might take good time to appear
IF I get lucky and it bounces, I'd just feel kooool

Attached Image
Hello World!
  • #12,018
  • Jul 22, 2014 4:28am Jul 22, 2014 4:28am
also removed TP from 2 longs..

IF this wants to fall, let go,

IF this shoots, I'll live with my little boat half empty, will replenish with longs slowly later

PA in US session might show way
Hello World!
  • #12,019
  • Jul 22, 2014 5:17am Jul 22, 2014 5:17am
the answer about the cease fire in israel should be coming out soon since israel and egipt said yes we could only assume the palestinians will also say yes.. if this happens it might trigger the downfall
  • #12,020
  • Jul 22, 2014 5:42am Jul 22, 2014 5:42am
If 1305 holds it will make a great double bottom on the daily and 4 hour chart. Next target would be 1334
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