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Only Trading Gold (XAU/USD) 18 replies

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Only Gold!

Weekly still looks problematic..
I thought Catempire posted $22500 profit. I was about to crack open a bottle of champagne!
My broker called me twice telling my account has low margin. When i started trading i thought i was Bradley cooper in "Limitless". but I am not. if you can accept that for your own, you'll be a better trader. This may be the day I almost lost my account. I wish it happens that way.
p.s- hedging my profit loss and staying out for the move to get finish..
Quoting Steve J
I thought Catempire posted $22500 profit. I was about to crack open a bottle of champagne!
Aye I did...
Que Sera
Quoting Catempire
{quote} Aye I did...
Not bad for 3 days work... i hope to get $22,500 profit one day too.
Que Sera
GOLD Long daily chart

Ok enter long...small size.....and start serch small time frame longs...

Price on 2 trend line of a pennet.... take profit sma400...stop new low...

*The stop is strong...becuse when price end the ab=cd and get to fibo 161.8 of the pattern..stop still far from there...
So 2 strong support in the way if go at the start some move down..


*Someone here can add this pic please to the "Only Gold" Thread and tell "Clock trader" and everyone there that they wellcome to visit here ?!
http://www.forexfactory.com/showthread.php?t=426397
I can not post there because I'm a "Commercial Member"
Thanks you
Attached Image (click to enlarge)
http://www.forexfactory.com/attachme...1&d=1409655439

  1. Post 3,902
  2. Cleanup
  3. Quote
  4. Sep 2, 2014 4:49pm (10 m

GOLD Long daily chart

enter long...small size.....and start search small time frame longs...

Price on 2 trend line of a pennet.... take profit sma400...stop new low...

*The stop is strong...because when price end the ab=cd and get to fibo 161.8 of the pattern..stop still far from there...
So 2 strong support in the way if go at the start some move down..

http://www.forexfactory.com/attachme...3&d=1409655439

Courtesy: Nitsan Levi

Sources:http://www.forexfactory.com/showthre...11#post7711611
Quoting Ramii
GOLD Long daily chart enter long...small size.....and start search small time frame longs... Price on 2 trend line of a pennet.... take profit sma400...stop new low... *The stop is strong...because when price end the ab=cd and get to fibo 161.8 of the pattern..stop still far from there... So 2 strong support in the way if go at the start some move down.. {image} Courtesy: Nitsan Levi Sources:http://www.forexfactory.com/showthre...11#post7711611
the top of the daily to me means nothing, it has not taken out any daily demand so it can be broken easily, if price breaks your hanging man doji to the left which is daily demand then the area i would be concerned about breaking first is the last high on this most recent down move, if the hanging man holds then price should take out the high you have which is your take profit
Long here right under 1267. lets see….
Quoting Ck87
Long here right under 1267. lets see….
CK why mate ??
Senior Trader Multi-Account Manager
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Quoting drunkeyez302
1500$ gone
I'm Sorry mate. I hope you will have better luck next time.
Quoting lorix
{quote} CK why mate ??

Super tight SL , potential to move up to 1280+ in short term. If we make new lows I'm out with a small loss.
Quoting Ck87
{quote} Super tight SL , potential to move up to 1280+ in short term. If we make new lows I'm out with a small loss.
Hope ur trade makes profit once u close it let me know planing to go short hope to see the 1280 zone again
Senior Trader Multi-Account Manager
  •  Kah
  • | Joined Jun 2012 | Status: Patience is the Key to Success! | 150 Posts
Quote
CK87

I agree - since the stop is really tight now at this level its worth betting on a long with a target at around 1277.
Quoting lorix
{quote} Hope ur trade makes profit once u close it let me know planing to go short hope to see the 1280 zone again
Thanks it's dangerous weekly is still down , could see 1260-1250 in a heart beat.

We have some weekly support at 1268.50, so it's important to get above that...
Looking to long silver.

justification - gold and silver both hit fairly solid supports (1265 and 19.15 respectively). could be a good opportunity for a long and let the 1hr/4hr recover a bit.

TP's for both would be;

Gold 1270 for quick buck.
Silver 19.3 for quick buck.

Mitch
Quoting Ck87
{quote} Thanks it's dangerous weekly is still down , could see 1260-1250 in a heart beat.

Indeed mate and lower too at 1180
ive been calling this for more than a month and lot of guys kept going and taking long hope not much ppl loss in this break out and i dont believe its over yet
it just need one more reason might come at ism news or friday at NFP
Senior Trader Multi-Account Manager
Quoting waleed.khan
{quote} Here you are Haider... There are actually 2 alternate bearish counts to keep an eye out for just in case... https://www.tradingview.com/v/HxB7xLH5/ (scroll down in the comments section for the chart) {image}

Be mindful of the support areas

https://www.tradingview.com/v/HxB7xLH5/
Quoting Payman
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 I will be bearish.
Quoting Payman
Time to breakout ? {image}
I'm waiting for 1000-1050 although it may take some weeks.
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