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Only Gold!

  • #12,661
  • Jul 29, 2014 6:46am Jul 29, 2014 6:46am
gold is showing some weakness on the bullish 4 hr chart for trading with a middle under 1308.46,the 4hrs not over yet anything can happen,on daily basis first bullish signal is trading with a middle over 1307.93,few dollars over that become a last major daily resistance 1315.22 clear break of it turns gold bullish takes it strongly up,the one hour chart is bullish for tradind over 1307.01, next hour will stay bullish only if kept middle over1307.83
  • #12,662
  • Jul 29, 2014 7:08am Jul 29, 2014 7:08am
added another short position for breaking the one hour chart
  • #12,663
  • Jul 29, 2014 7:17am Jul 29, 2014 7:17am
1304.7 taking profit half the positions
  • #12,664
  • Jul 29, 2014 7:19am Jul 29, 2014 7:19am
added buy limits @ 1302 & 20.45. Short Limits at 20.7 & 1312
  • #12,665
  • Jul 29, 2014 7:29am Jul 29, 2014 7:29am
If it break the 1302 ill keep holding my trade for a longer and bigger target
go go gold drill down lol
Senior Trader Multi-Account Manager
  • #12,666
  • Jul 29, 2014 7:36am Jul 29, 2014 7:36am
Quoting lorix
If it break the 1302 ill keep holding my trade for a longer and bigger target go go gold drill down lol
agree,big sell stop @1300 here
  • #12,667
  • Jul 29, 2014 7:38am Jul 29, 2014 7:38am
If we get a daily close above $1312, technically the next big rest stop is $1342.
To live a successful life, we must lose our fear of being wrong
  • #12,668
  • Jul 29, 2014 8:13am Jul 29, 2014 8:13am
we need a middle under 1308.44 on the 1hr chart to keep things on track on the hour chart
  • #12,669
  • Jul 29, 2014 8:29am Jul 29, 2014 8:29am
may find difficulties @1308.66 middle
  • #12,670
  • Jul 29, 2014 8:34am Jul 29, 2014 8:34am
right now the middle here 1308.66 if breaks it adding one more short
  • #12,671
  • Jul 29, 2014 8:41am Jul 29, 2014 8:41am
what a nice drilling
Senior Trader Multi-Account Manager
  • #12,672
  • Jul 29, 2014 8:43am Jul 29, 2014 8:43am
Golds about to cliff dive
  • #12,673
  • Jul 29, 2014 8:44am Jul 29, 2014 8:44am
one more test at the low and ill close the short and stand a side watching my next trade
Senior Trader Multi-Account Manager
  • #12,674
  • Jul 29, 2014 8:46am Jul 29, 2014 8:46am
for buyers .. sma 300 on daily still strong to hold the price above it
my buy limit activated at 1303
Investing is SIMPLE but NOT EASY
  • #12,675
  • Jul 29, 2014 8:47am Jul 29, 2014 8:47am
Quoting lorix
one more test at the low and ill close the short and stand a side watching my next trade
if you want we can do the stop loss breaking the hour up......its up to you brother
  • #12,676
  • Jul 29, 2014 8:49am Jul 29, 2014 8:49am
Quoting wafiqsalameh
{quote} if you want we can do the stop loss breaking the hour up......its up to you brother
yeah ill may put the stop to break even and let it run but ill do it if i saw the price break hard under the 1300
Senior Trader Multi-Account Manager
  • #12,677
  • Jul 29, 2014 8:50am Jul 29, 2014 8:50am
Quoting Moly_Cam5
for buyers .. sma 300 on daily still strong to hold the price above it my buy limit activated at 1303

agree,here on the 4hr chart not clearly bearish,still bullish
  • #12,678
  • Jul 29, 2014 8:52am Jul 29, 2014 8:52am
average sell price 1306.89, SL moved to BE ++
Targeting blue circles
Attached Image (click to enlarge)
Click to Enlarge Name: Gold View July 29 2014.JPG Size: 50 KB
That which does not kill us makes us stronger
  • #12,679
  • Jul 29, 2014 8:56am Jul 29, 2014 8:56am
well,closed all my shorts,bought w sl+ss @1298
  • #12,680
  • Jul 29, 2014 8:58am Jul 29, 2014 8:58am
Quoting wafiqsalameh
well,closed all my shorts,bought w sl+ss @1298
why would you buy now ??? what u r looking at?????? :S
Senior Trader Multi-Account Manager
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