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Only Gold!

  • #13,401
  • Aug 5, 2014 5:56pm Aug 5, 2014 5:56pm
the late rally up today for Gold was due to increased tension in Ukraine, Russian soldiers mounting pressures near the border!
  • #13,402
  • Aug 5, 2014 6:42pm Aug 5, 2014 6:42pm
Subject to Geopolitical forces dominating the market, I see a further fall to the 1265 region. The Silver daily chart is extremely bearish and should pull Gold down with it. The attached chart shows my analysis. Smaller timeframes show potential for some further upside movement, so it may take a little while for 1265 to hit.
(This is not my main chart, I have a separate one just for Fibs and trendlines)
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDDaily.png Size: 63 KB
  • #13,403
  • Aug 5, 2014 7:25pm Aug 5, 2014 7:25pm
gold barely moved, is 20 dollars really a rally ? look like its trading in range for a very long long time. 1320 ~ 1220
  • #13,404
  • Aug 5, 2014 7:28pm Aug 5, 2014 7:28pm
waiting for any good point to go long (maybe @1284)
my view is bullish .. can see
bullish fractals with ichimuko my first tp. 1312.4 (fibo 50-kijun sen)

GL
Investing is SIMPLE but NOT EASY
  • #13,405
  • Aug 5, 2014 7:57pm Aug 5, 2014 7:57pm
Quoting gregben
Subject to Geopolitical forces dominating the market, I see a further fall to the 1265 region. The Silver daily chart is extremely bearish and should pull Gold down with it. The attached chart shows my analysis. Smaller timeframes show potential for some further upside movement, so it may take a little while for 1265 to hit. (This is not my main chart, I have a separate one just for Fibs and trendlines) {image}

with geo political tension , generally yellow metal gold gets some demand isn't it. May be am wrong
Scoobi doobi doo
  • #13,406
  • Aug 5, 2014 8:10pm Aug 5, 2014 8:10pm
Quoting Scoobidoobi
{quote} with geo political tension , generally yellow metal gold gets some demand isn't it. May be am wrong
generally yes, but you got to consider that most of the trades for gold is on paper. with most of the banks and investors withdrawing from gold market due to tougher condition(law suit) the volume is getting depressingly less.

for each physical trade, there is 99 paper trade. with that amount, a reduction of paper trades would seriously cause a shortage of demand.

no demand means lower price.

and this is what we are seeing now, with iraq at war, china property crush, global inflation etcetcetc. gold barely moved
  • #13,407
  • Aug 5, 2014 8:14pm Aug 5, 2014 8:14pm
Quoting ohguowei
{quote} generally yes, but you got to consider that most of the trades for gold is on paper. with most of the banks and investors withdrawing from gold market due to tougher condition(law suit) the volume is getting depressingly less. for each physical trade, there is 99 paper trade. with that amount, a reduction of paper trades would seriously cause a shortage of demand. no demand means lower price. and this is what we are seeing now, with iraq at war, china property crush, global inflation etcetcetc. gold barely moved
Lets call yday low of 1282.24 as next intermittent support as long as we are not re-visiting that & trade above 1298 bias can remain bullish.

Under 1298 again clout of selling can come
Scoobi doobi doo
  • #13,408
  • Aug 5, 2014 8:17pm Aug 5, 2014 8:17pm
Quoting Scoobidoobi
{quote} Lets call yday low of 1282.24 as next intermittent support as long as we are not re-visiting that & trade above 1298 bias can remain bullish. Under 1298 again clout of selling can come
being watching gold for at least 5 years, a 20 dollars moves is barely a bullish/bearish whatever u guys call it.

i waiting a break about 1400 or a break below 1200 before i call trend.
  • #13,409
  • Aug 5, 2014 8:21pm Aug 5, 2014 8:21pm
Quoting ohguowei
{quote} being watching gold for at least 5 years, a 20 dollars moves is barely a bullish/bearish whatever u guys call it. i waiting a break about 1400 or a break below 1200 before i call trend.

right its stuck 1280-1336 range for too long, if USD Index cools of a bit down, we can see gold gaining some momentum to strike down 1336 strong resistance!
Scoobi doobi doo
  • #13,410
  • Aug 5, 2014 8:54pm Aug 5, 2014 8:54pm
Quoting ohguowei
{quote} being watching gold for at least 5 years, a 20 dollars moves is barely a bullish/bearish whatever u guys call it. i waiting a break about 1400 or a break below 1200 before i call trend.
100% agree with that... Needs to break and hold up or down.
Que Sera
  • #13,411
  • Aug 5, 2014 9:36pm Aug 5, 2014 9:36pm
Quoting Scoobidoobi
{quote} C Ya CT , take much needed rest. Am sure you would have planted pending orders (buy/sells) all over on gold before hitting the sack
This java based trading platform from Avatrade that I use does not take pending orders :-)
Hello World!
  • #13,412
  • Aug 5, 2014 9:38pm Aug 5, 2014 9:38pm
Quoting quriousmind
brace yourselves for the gold season lol, where is CT? taking a break? cmon Money never ever sleeps
If I can't sleep well, I can't make money..
Hello World!
  • #13,413
  • Aug 5, 2014 9:41pm Aug 5, 2014 9:41pm
6 shorts closed @ BE
Closed 2 Green shorts, not much moolah but that was yummy.. I liked it..

Got ZERO Shorts now, will apply SL on longs now.

Left with 40 longs..
Hello World!
  • #13,414
  • Aug 5, 2014 9:41pm Aug 5, 2014 9:41pm
Quoting Scoobidoobi
{quote} Lets call yday low of 1282.24 as next intermittent support as long as we are not re-visiting that & trade above 1298 bias can remain bullish. Under 1298 again clout of selling can come
lets hope to see 1298 tomorrow then!
  • #13,415
  • Aug 5, 2014 9:46pm Aug 5, 2014 9:46pm
Quoting ClockTrader
6 shorts closed @ BE Closed 2 Green shorts, not much moolah but that was yummy.. I liked it.. Got ZERO Shorts now, will apply SL on longs now. Left with 40 longs..
I was on sidelines, but opened long at 1289, with tight SL at 1281 and first target of 1310
"The market can remain irrational longer than you can remain solvent"
  • #13,416
  • Aug 5, 2014 9:46pm Aug 5, 2014 9:46pm
With zero shorts left, time to protect Green longs..

This is what I got to share this Asian morning....
Attached Image
Hello World!
  • #13,417
  • Aug 5, 2014 9:47pm Aug 5, 2014 9:47pm
Quoting anton.olff
{quote} I was on sidelines, but opened long at 1289, with tight SL at 1281 and first target of 1310
Seeing you going long after a very long time, you rarely go long.. hope and wish you make GREEEEEN!
Hello World!
  • #13,418
  • Aug 5, 2014 10:17pm Aug 5, 2014 10:17pm
CT Why didn't you close more longs in the 1300''s? Intrigued :-)
Que Sera
  • #13,419
  • Aug 5, 2014 10:23pm Aug 5, 2014 10:23pm
Quoting Catempire
CT Why didn't you close more longs in the 1300''s? Intrigued :-)
When price hit the 1340 range I was badly frustrated, the no. of longs I had was like 20, hedging 10 would have left me with 10 longs

I need loads of longs to hedge effectively. Now I'm good with 40 longs.

My Strategy: I'll try my best to never close longs, neither in loss nor in profit (except nominal), if its about monthly pay-packet, I'll try to make cash by closing GREEN SHORTS!
Hello World!
  • #13,420
  • Aug 5, 2014 11:01pm Aug 5, 2014 11:01pm
wa
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Click to Enlarge Name: Gold06agust2014.png Size: 66 KB
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