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  • #14,041
  • Aug 12, 2014 12:47pm Aug 12, 2014 12:47pm
Quoting wafiqsalameh
will 1308 hold!!
As i quoted a short time earlier it will go all the way down atleast to 1302.
  • #14,042
  • Aug 12, 2014 12:52pm Aug 12, 2014 12:52pm
looking at the 4hr chart looks like it needs some viagra to get up.....but it will...next 4hr middle is above 1313.42
  • #14,043
  • Aug 12, 2014 12:57pm Aug 12, 2014 12:57pm
Closed my few shorts in profit and now waiting for more drop down ...........
  • #14,044
  • Aug 12, 2014 1:03pm Aug 12, 2014 1:03pm
This latest move isn't reflected by any of the other USD pairs that I can see and appears isolated to Gold and Silver. Imo it is a technical move that could be retraced back to the top. In Silver the top of my 4hr TL was broken and PA dropped to the bottom TL of the wedge. This is typical of a BO. That is a hard move south though...
As the lights go by so too do the shadows move
  • #14,045
  • Aug 12, 2014 1:15pm Aug 12, 2014 1:15pm
Quoting iwishtowin
{quote} As i quoted a short time earlier it will go all the way down atleast to 1302.
Well we are nowhere near 1302 yet are we. Wait a while.
A 1 pip gain is better than a 1 pip loss.
  • #14,046
  • Aug 12, 2014 2:29pm Aug 12, 2014 2:29pm
Still longs on board. Avg price ~1312.
If it goes down -> will add some more.

Targets ~1320-1330.

Same with silver - long positions only. But a little more complicated ;-)
  • #14,047
  • Aug 12, 2014 3:49pm Aug 12, 2014 3:49pm
Quoting lukaszm1
Still longs on board. Avg price ~1312. If it goes down -> will add some more. Targets ~1320-1330. Same with silver - long positions only. But a little more complicated ;-)

is my psychoanalyzes wright? are bulls baying strongly? if so wee can see a upward to 1311 on 40 mmm..
all times learnning
  • #14,048
  • Edited 4:31pm Aug 12, 2014 4:00pm | Edited 4:31pm
from a supply demand point of view the area that caused the break of daily supply was 1271, bounce all the way down there
  • #14,049
  • Aug 12, 2014 4:31pm Aug 12, 2014 4:31pm
Gold is going to south, USD is stronger day by day.
  • #14,050
  • Aug 12, 2014 5:27pm Aug 12, 2014 5:27pm
Quoting verdisol
{quote} is my psychoanalyzes wright? are bulls baying strongly? if so wee can see a upward to 1311 on 40 mmm..

Indexes on their highs ...
Ppl talking everywhere that gold is no more the safe heaven ...
There is too much noise for me lately ... so I'm more likely to play opposite.


It can't last forever. Gold will be back ;-)


Of course longer trend is down ... but I'm not a big fun of trend following trading ... reversals make me more happy ;-)


Moreover the corrective wave A has probably begun on EURUSD.
  • #14,051
  • Aug 12, 2014 8:42pm Aug 12, 2014 8:42pm
I am seeing an inverted H&S on XAUUSD on the daily. can anyone re validate?
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  • #14,052
  • Aug 12, 2014 9:30pm Aug 12, 2014 9:30pm
Quoting Matts Micro
{quote} It's not just about price though (also depending on USD strength imo), there needs to be demand. I live in Western Australia the hub of Aussies latest mining boom. The price of Gold was closely watched by all and many small mines sprang to life during the boom but disappeared as quickly. The processing plants (the main costs of an operation) still exist but they shutdown to care taker mode until prices once again approach a profitable level plus demand. We have the largest Gold mine in the southern hemisphere and during quiet times they...

I was just going through some old records and found this and thought I'd post for interest as an annex to this old discussion: http://www.focusminerals.com.au/news...ng-operations/

It was one of the sites I was dealing with a few years ago. I actually have shares in the company (not worth much atm but perhaps a good time to buy more).
As the lights go by so too do the shadows move
  • #14,053
  • Aug 12, 2014 9:31pm Aug 12, 2014 9:31pm
as we see now the 22sma mid is trying to test 1308.03 on 5 min chart , they may be satified with testing it on 1 min. chart as we seeing now
  • #14,054
  • Aug 12, 2014 10:06pm Aug 12, 2014 10:06pm
"Prices are falling at about a half cent a day and aren't showing signs of slowing down," said Mark Jenkins, spokesman, AAA - The Auto Club Group. "It's unusual to see prices steadily decline in the late summer months, but increases in domestic oil supply are helping to offset fluctuations in demand during the busy summer travel season."

oil price is dropping, usually will affect gold price too. let see if gold will drop. now around 97 dollars for oil
  • #14,055
  • Aug 12, 2014 10:29pm Aug 12, 2014 10:29pm
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perfect for the gold ,perfect for me ,and perfect for the guys deeply attracted by the grace of gold.
no other killers to me but emotion
  • #14,056
  • Aug 12, 2014 10:51pm Aug 12, 2014 10:51pm
Quoting verdisol
{quote} hahaha,tomoorow is more up.
@ 1309, lets see..
Hello World!
  • #14,057
  • Aug 12, 2014 11:11pm Aug 12, 2014 11:11pm
Att.. is my area of concern for today....

Bottom-out occurred on VSA-M30 in the US session (after 12 pm), not very optimistic about shorts, this could possibly shoot today or tomorrow or on Fri. IF the price continues to decline, Bull-blood will be everywhere in the coming weeks.
Attached Image
Hello World!
  • #14,058
  • Edited Aug 13, 2014 1:25am Aug 12, 2014 11:37pm | Edited Aug 13, 2014 1:25am
support @ 1308 but there is a harsh resisance @1309.67....there is a possability for a decline will start by breaking the support by the average on the 5 minutes chart , psychologicly im prepared for a decline up to 1303 or 1295,but doesnt mean im going short,going long all the way,a clear break by 22sma mid on 5m chart for the resistance 1309.67 or reaching 1314 whichever comes first will delete the decline senario
  • #14,059
  • Aug 13, 2014 12:02am Aug 13, 2014 12:02am
Quoting wafiqsalameh
support @ 1308 but there is a harsh resisance @1309.67....there is a possability for a decline will start by breaking the support by the average on the 5 minutes chart , psychologicly im prepared for a decline up to 1303 or 1295,but doesnt mean im going short,going long all the way,a clear break by 22sma mid on 5m chart for the resistance 1309.67 or reaching 1314 whichever comes first will delete the decline senario
This needs to bounce, after a possible fall of 5 - 15 $s

IF it does not, this is going to get dirty..
Hello World!
  • #14,060
  • Aug 13, 2014 12:32am Aug 13, 2014 12:32am
Gold prices established new range of $1305 and $1320. Likely to slowly upgrade the strength. However, overall weakness to remain.
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