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  • #15,461
  • Sep 1, 2014 10:11pm Sep 1, 2014 10:11pm
Quoting Karpa
I closed a short at BE but I don't like the PA right now, maybe we're going further down? edit: My indicators show me on H1 tf we could go down about 40 pips..
Quoting iwishtowin
Should I buy Gold on this price?
This should hopefully turn around today.

IF this does not bounce well to 1300 or around those levels by this weekend, the longs could look very very bad for good time, IMHO!
Hello World!
  • #15,462
  • Sep 1, 2014 10:44pm Sep 1, 2014 10:44pm
previous support @1284 has been broken.. if this trend continues and will broke i think there's a support @1281, this may continue hopefully until it reaches major support level @1276-1274 for this week.
  • #15,463
  • Sep 2, 2014 12:54am Sep 2, 2014 12:54am
Quoting ClockTrader
{quote} {quote} This should hopefully turn around today. IF this does not bounce well to 1300 or around those levels by this weekend, the longs could look very very bad for good time, IMHO!
According golden season charts pattern (30 Years) September is one of peak month for gold prices to reach the highs (which you shared with us).
If September gold average price does not hit 1320 above, then, could we say this hypothesis of seasonal pattern does correlates since 2013.

....reason the influences of be QE (from US & future ECB) & forthcoming interest hike from Feds & Bank England.?
  • #15,464
  • Sep 2, 2014 1:14am Sep 2, 2014 1:14am
Is this a small stop loss hunt and opportunity to enter long? I am long from 1276 and 1280 from last week. 10 dollars down and I will be kicked out of the trade..target is still 1345..https://charts.mql5.com/5/584/xauusd...primus-ltd.png
  • #15,465
  • Sep 2, 2014 1:46am Sep 2, 2014 1:46am
Quoting GreySkull
{quote} According golden season charts pattern (30 Years) September is one of peak month for gold prices to reach the highs (which you shared with us). If September gold average price does not hit 1320 above, then, could we say this hypothesis of seasonal pattern does correlates since 2013. ....reason the influences of be QE (from US & future ECB) & forthcoming interest hike from Feds & Bank England.?
Thanks for posting an interesting opinion. Normally, I would not hard bind my view with a particular month. The price range inside one calendar month can be very unpredictable and large. For instance finding a bottom in the last year's June was a mammoth task.

Speaking of this year's September, I expect current bounce rally to bounce nicely, however, since, a good trader should never be overconfident of his speculation, I would like to be prepared if I go wrong. I got about 31 longs + some long contracts. Everything is in strict control incl. MM.

Awaiting to see how PA treats my longs OR will they get creamed? Fingers crossed. I might wanna shuffle and take some positions around NY morning.

PS: I don't trade news, I like reading news for info though.
Hello World!
  • #15,466
  • Sep 2, 2014 1:53am Sep 2, 2014 1:53am
Quoting Likerty
Gold showing intetnions to attack 1240's lows...
Quoting Likerty
1290/89 is important for Gold. Leaving this area should be continuous..
Next area where bullish reversal still could happen is around1258 lows
69
  • #15,467
  • Sep 2, 2014 1:58am Sep 2, 2014 1:58am
Still holding my shorts, collecting them pipsssss
  • #15,468
  • Sep 2, 2014 2:13am Sep 2, 2014 2:13am
Friends, any idea on how deep this metal drops? i hvae to decide on couple of my longs deals. pls advise.
  • #15,469
  • Sep 2, 2014 2:21am Sep 2, 2014 2:21am
As long as 1274-1275 area holds we are not going to get any lower. Last time we spent here 4 days kissing 1275.

But if it goes, it goes 1262 with couple of days
  • #15,470
  • Sep 2, 2014 2:22am Sep 2, 2014 2:22am
1266 should be Bottom and if lifted should hit North. September is still a strong Month. Looking forward to September 4 to 8th
  • #15,471
  • Sep 2, 2014 2:22am Sep 2, 2014 2:22am
don't you think that this move today lacks volume?
  • #15,472
  • Sep 2, 2014 2:28am Sep 2, 2014 2:28am
Quoting drunkeyez302
HotForex is the best Broker i have seen so far their stop out level is very good.. stop out hits on when your origional balance is zero.
Stop outs? Thankfully my trades never reached that, there was a floating loss of 70% trading gold once but the lot was 0.1 so I hedged it with 1.0 lot in opposit direction and somehow closed this mess in profit. I was forced to hold position overnight but Hotforex has decent swaps on gold so was far away from potentional blowout.
  • #15,473
  • Sep 2, 2014 2:30am Sep 2, 2014 2:30am
Quoting lenn17
As long as 1274-1275 area holds we are not going to get any lower. Last time we spent here 4 days kissing 1275. But if it goes, it goes 1262 with couple of days
Quoting sunnyfarm
1266 should be Bottom and if lifted should hit North. September is still a strong Month. Looking forward to September 4 to 8th
Thanks a lot for the information. Looking forward for some movement towards NORTH
  • #15,474
  • Sep 2, 2014 2:35am Sep 2, 2014 2:35am
  • #15,475
  • Sep 2, 2014 2:52am Sep 2, 2014 2:52am
Nice bottom outs on VVSA on M15, M30 and not so good, but its there on H1 as well.

A bounce looks fair and good to me, but, the question is, will it bounce after wiping my longs? Or without wiping them? Longs with GREEN SL @ 1271
Hello World!
  • #15,476
  • Sep 2, 2014 3:01am Sep 2, 2014 3:01am
What the heck just happened. Been holding longs at 1283. Is 1275 a strong support?
  • #15,477
  • Sep 2, 2014 3:05am Sep 2, 2014 3:05am
Quoting ClockTrader
{quote} {quote} This should hopefully turn around today. IF this does not bounce well to 1300 or around those levels by this weekend, the longs could look very very bad for good time, IMHO!
That short was quite heavy as it was hedging 3 longs and I was affraid that price would rise and I would get stuck.
It was a mistake to open this heavy short, lesson taken
  • #15,478
  • Sep 2, 2014 3:22am Sep 2, 2014 3:22am
Don't think we've seen bottom yet. Way too many bulls. Must be slaughtered.
  • #15,479
  • Sep 2, 2014 3:29am Sep 2, 2014 3:29am
hello Every one
just closed all my shorts on gold in a good green now @ 1276.80 hope all is doing good
Senior Trader Multi-Account Manager
  • #15,480
  • Sep 2, 2014 3:32am Sep 2, 2014 3:32am
Quoting jpdForex
What the heck just happened. Been holding longs at 1283. Is 1275 a strong support?
Be very aware if this lower line breaks you will not be wanting to hold longs. If we don't bounce here manage your positions accordingly.
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