Only Gold! | Page 679 | Metals Mine

Options

Go to
Permalinks
Print Thread

Similar Threads

Trading Journal (only my take) 433 replies

Trading gold and silver only 59 replies

An idea for building wealth...using only gold 9 replies

GOLD traders only 90 replies

Attachments: Only Gold!
Exit Attachments

Only Gold!

  • #13,561
  • Aug 6, 2014 10:58am Aug 6, 2014 10:58am
ok 1304.4 for london closing
  • #13,562
  • Aug 6, 2014 11:00am Aug 6, 2014 11:00am
Quoting limprobable
{quote} Resistance on 1312 area on daily and 1316 area on weekly accordind to my charts. So, if these area hold, we are still on downside. Maybe good entry to short. But not for buy now.
Nice price action gold today. Next resistance is 1317 and 1336.
  • #13,563
  • Aug 6, 2014 11:02am Aug 6, 2014 11:02am
Quoting Obaidah
{quote} thats a very long shot buddy
Possible with the US mkt selling off… and us mkt should continue lower…. I'd love to see gold 1350+ … would make for an excellent shorting opportunity
  • #13,564
  • Aug 6, 2014 11:09am Aug 6, 2014 11:09am
Quoting Ck87
{quote} Possible with the US mkt selling off… and us mkt should continue lower…. I'd love to see gold 1350+ … would make for an excellent shorting opportunity

It's possible that the sell off is over...

Deja vu

Possible morning star on the markets (daily chart)... Also note the proximity to the 100sma and how price has tended to flirt and bounce off it!

Lets see how the markets close today!
  • #13,565
  • Aug 6, 2014 11:11am Aug 6, 2014 11:11am
this half hour it will go back to where it came from
  • #13,566
  • Aug 6, 2014 11:15am Aug 6, 2014 11:15am
i heard that americans like make daily's high/low by self after london closes
Neural Network Algorithm and Econophysics
  • #13,567
  • Aug 6, 2014 11:16am Aug 6, 2014 11:16am
you got that right
  • #13,568
  • Aug 6, 2014 11:16am Aug 6, 2014 11:16am
Quoting Ck87
{quote} Possible with the US mkt selling off… and us mkt should continue lower…. I'd love to see gold 1350+ … would make for an excellent shorting opportunity
everything is possible but you have to have fundamentals supporting the view (1350), demand for gold is low, the only thing that is keeping gold up is the geopolitical tension, news about Ukraine is the major player, if things get worse we'll see 1350+, if things calm down we'll see a resume in the sell off and maybe visiting 1200 again.

Right now I'm gonna stay away from gold specially with oil prices not supporting the spike in gold and start building long positions, GBPUSD.
I recommend you read something else as this sentence is now concluded.
  • #13,569
  • Aug 6, 2014 11:19am Aug 6, 2014 11:19am
USD Index no comment
where are we? we are here. where are we going? ...
  • #13,570
  • Aug 6, 2014 11:20am Aug 6, 2014 11:20am
Quoting eruc
USD Index no comment

True...!
  • #13,571
  • Aug 6, 2014 11:20am Aug 6, 2014 11:20am
Quoting Obaidah
{quote} thats a very long shot buddy
gold just moved $30 in a day, asking another $30 in a month that is normally bullish for gold is not absurd. We wont see gold below 1300 for the remainder of the month im thinking.

21+ for silver 1330+ for gold this month, after we reach those prices then I'll re-evaluate my long term stances.
  • #13,572
  • Aug 6, 2014 11:21am Aug 6, 2014 11:21am
Quoting aeternum
As long as Gold does not break 1279, there should be an up move to relieve overselling pressure. Silver is looking for 20.09 or lower. Question is will it get there? And can we bounce from there? {image} {image}
Took some profits from longs all the way from 1292 at 1304. Small profits but better than losses. Will post more tomorrow.
A 1 pip gain is better than a 1 pip loss.
  • #13,573
  • Aug 6, 2014 11:22am Aug 6, 2014 11:22am
My toughts , americans will test daily's high alone, i put longs there already in profits
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 52 KB
Neural Network Algorithm and Econophysics
  • #13,574
  • Aug 6, 2014 11:23am Aug 6, 2014 11:23am
Quoting eruc
USD Index no comment
Hi mate nice to see those green longs on gold on your explorer. I'm still waiting for a pattern to play out.
A 1 pip gain is better than a 1 pip loss.
  • #13,575
  • Aug 6, 2014 11:23am Aug 6, 2014 11:23am
Quoting ClockTrader
opened 4 more shorts @ 1307 all these 8 shorts are w/o SL
Opened 4 more shorts @ 1307 (app.)

Total 12 shorts now w/o SL against 40 longs..

PS: Both longs and shorts don't have any SL now..
Hello World!
  • #13,576
  • Aug 6, 2014 11:27am Aug 6, 2014 11:27am
Well does it make sense ?
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 45 KB
Neural Network Algorithm and Econophysics
  • #13,577
  • Aug 6, 2014 11:29am Aug 6, 2014 11:29am
Quoting Matts Micro
{quote} I have move my limit order to 1310.5. I am following the 4hr 200 SMA. PA has also just hit the daily 200 EMA so may of missed entry, but I am patient Edit: See how the MA follows the green TL? {image}
Deleted pending, this has the potential to go higher imo and I need to go to bed soon so wont be able to monitor
As the lights go by so too do the shadows move
  • #13,578
  • Aug 6, 2014 11:50am Aug 6, 2014 11:50am
Quoting ClockTrader
{quote} Opened 4 more shorts @ 1307 (app.) Total 12 shorts now w/o SL against 40 longs.. PS: Both longs and shorts don't have any SL now..
Opened 4 more shorts @ 1307

Total 16 shorts now against 40 longs..

I think I should hit the bed now, as I'll keep hitting the keys until I'm awake, have a nice and green one you all..

PS: Both longs and shorts don't have any SL right now..

PPS: Like I said yesterday, the PA is going to hustle hard until weekend, so here we are, the show will continue, PA won't rest, but, hustle hard..
Hello World!
  • #13,579
  • Aug 6, 2014 11:53am Aug 6, 2014 11:53am
I am bearish on gold and believe that on monthly chart it has a long way to go to find a bottom. therefore these rallies are good opportunities to short gold. Ukraine tensions cant affect the long term trend. So as long as it hasn't broken the 1360 (neckline of reverse head and shoulder on weekly chart) I will be bearish.
  • #13,580
  • Aug 6, 2014 12:06pm Aug 6, 2014 12:06pm
gold never fall!
8 traders viewing now