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Only Gold!

  • #13,061
  • Aug 1, 2014 8:03am Aug 1, 2014 8:03am
IMHO, Even if the yellow metal reversed from important support levels, a break of $1294 and $1297 followed by psychological resistance of $1300 can only cause the gold prices to rally towards $1325.
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  • #13,062
  • Aug 1, 2014 8:05am Aug 1, 2014 8:05am
Quoting Driver55
Evening all !!! PS: From my point of view.....: on S&P i'm in buy limit @ 1934.5 ... and ... buy limit on Gold @ 1281


Hi all,

from now on .... on gold -->
adding to my position with a buy limit @ 1284
The best thing that can happen to you is to find out where you're wrong.
  • #13,063
  • Aug 1, 2014 8:07am Aug 1, 2014 8:07am
Quoting Mitchoss
1290 gold to coincide with 20.45 - 20.50 silver. Tight sl sl incase we haven't established the support I'm looking for.
Move happened and prices coincided. Looking to exit if we cant breach and hold these levels shortly.

Trade explorer has my positions for anyone interested

Mitch
  • #13,064
  • Aug 1, 2014 8:08am Aug 1, 2014 8:08am
the thick solid resistance that was at 1312 2 days ago,its not there anymore,it was solid and thick coz of two daily res. came at the same value,now the 2 daily res. one of them @1300 and the other 1306,and there is a minor one at 1295.83
  • #13,065
  • Aug 1, 2014 8:09am Aug 1, 2014 8:09am
Quoting Mitchoss
{quote} Move happened and prices coincided. Looking to exit if we cant breach these levels shortly. Trade explorer has my positions for anyone interested Mitch
I took TP on silver at 20.45 following your previous advice. thanks mitchoss!
  • #13,066
  • Aug 1, 2014 8:09am Aug 1, 2014 8:09am
There we go 1280 oversold levels held and what a shot up that was to 1296…. probably a good scalp short at that level but whatever will wait for this market to move higher before thinking about shorting
  • #13,067
  • Aug 1, 2014 8:10am Aug 1, 2014 8:10am
Hi All, been following forex factory for about 6 months decided to join, dabbled in forex and mostly lost thus far, but a massive learning process nonetheless (appreciate all your views and knowledge sharing). Such an interesting & complex mix of economics, probability, mathematics and psychology among many others. Back to only gold though, my 2 cents valued at least than 2 cents due to amateur status is bounce from resistance 1280, tp at 1322
  • #13,068
  • Aug 1, 2014 8:19am Aug 1, 2014 8:19am
Quoting Ck87
There we go 1280 oversold levels held and what a shot up that was to 1296…. probably a good scalp short at that level but whatever will wait for this market to move higher before thinking about shorting
I closed shorts minutes before NFP...thankfully. Scalped longs for some quick profit. Now on sidelines looking for market to move higher before re entering shorts. I think we could see price action move to 1305-1310 before end of today.
"The market can remain irrational longer than you can remain solvent"
  • #13,069
  • Aug 1, 2014 8:26am Aug 1, 2014 8:26am
Same chart I have being displaying from start. The Brown line is the line in the sand, being the weekly BO TL, the Bull BO that I have being trading. This has been the pullback of that BO imo and now should head to new highs. If another rechallenge of the brown TL the BO will have failed and bears will come on board imo.
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As the lights go by so too do the shadows move
  • #13,070
  • Aug 1, 2014 8:26am Aug 1, 2014 8:26am
Quoting anton.olff
{quote} I closed shorts minutes before NFP...thankfully. Scalped longs for some quick profit. Now on sidelines looking for market to move higher before re entering shorts. I think we could see price action move to 1305-1310 before end of today.

For sure.. the beauty about gold right now is that its pretty much sideways and trend less…. Prefer to trade to the short side but looking at the RSI on H1 and H4 and looking for the +75 -25 levels is huge when mkt is sideways. Obviously get slaughtered when the market trends using that strategy….
  • #13,071
  • Aug 1, 2014 8:37am Aug 1, 2014 8:37am
on the 15 min. chart a minor sup. holded the price last 15 min @1292.52...the major supp. @1287.01,it changes every 15 min.,if the middle breaks it i will close my longs
  • #13,072
  • Aug 1, 2014 8:41am Aug 1, 2014 8:41am
I hope to see today ~ 1330
where are we? we are here. where are we going? ...
  • #13,073
  • Aug 1, 2014 8:44am Aug 1, 2014 8:44am
Quoting eruc
I hope to see today ~ 1330
Right there with you man... Just added another long... all longs TP @ 1335...
Itchy Spirit Return This Year: na
  • #13,074
  • Aug 1, 2014 8:59am Aug 1, 2014 8:59am
broke minor supp. on 15 min. chart
  • #13,075
  • Aug 1, 2014 9:02am Aug 1, 2014 9:02am
and closed my longs
  • #13,076
  • Aug 1, 2014 9:04am Aug 1, 2014 9:04am
Be careful there is possible hidden bearish divergence building up on the 1 hr chart...

next one or two candles are going to be crucial...
  • #13,077
  • Aug 1, 2014 9:11am Aug 1, 2014 9:11am
Gold seems well supported so far after U.S. positive numbers imo.
As the lights go by so too do the shadows move
  • #13,078
  • Aug 1, 2014 9:15am Aug 1, 2014 9:15am
a little short one here at 1294
  • #13,079
  • Aug 1, 2014 9:19am Aug 1, 2014 9:19am
Quoting Matts Micro
Gold seems well supported so far after U.S. positive numbers imo.

Fundamentals seem to be too choppy and mixed lately...

could you have said the same about the last nfp? We had a great NFP and gold still rallied? People could say oh that was because of the war; but I don't know?
  • #13,080
  • Aug 1, 2014 9:24am Aug 1, 2014 9:24am
will be taking another short @1295....stop 1298
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