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  • #15,541
  • Sep 2, 2014 8:03am Sep 2, 2014 8:03am
Quoting lorix
{quote} 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
hey buddy, glad you were riding it, I have been bearish for the last 6 weeks and this week i was expecting a slight recovery but unfortunately im down 5% .. i'm holding a relatively large long position from 1265.7 and hope it will make up the loss.
I recommend you read something else as this sentence is now concluded.
  • #15,542
  • Sep 2, 2014 8:11am Sep 2, 2014 8:11am
SP500 heading down, resting before news? Or todays triple top means.. we are waiting the outcome of USD news, if they are negative we could see some firework.

If positive, SP500 goes 2007-2010 area and gold doesnt do anything, cos it all seems to be priced in that the news going to be good.
SP500 down, Gold down, XUSD-down. Everybody buying dollar, if it news bad - no raise in intress rates = firework.

Question is if Gold is going to gain from USD bad news? GBP and YPJ UP, SP down? others act neutral?
Why SP500 and Gold moving in the same direction at the moment?
Why I am so puzzled.
  • #15,543
  • Sep 2, 2014 8:13am Sep 2, 2014 8:13am
Expecting more of a scalpers market till gold figures out next direction. i.e. back to 1280-1290 or to 1250..
  • #15,544
  • Sep 2, 2014 8:14am Sep 2, 2014 8:14am
Quoting Payman
{quote} {quote} I'm waiting for 1000-1050 although it may take some weeks. {image}
Great trade mate. Still more to come
  • #15,545
  • Sep 2, 2014 8:25am Sep 2, 2014 8:25am
Quoting Obaidah
{quote} hey buddy, glad you were riding it, I have been bearish for the last 6 weeks and this week i was expecting a slight recovery but unfortunately im down 5% .. i'm holding a relatively large long position from 1265.7 and hope it will make up the loss.
Hope so obaidah it would retrace to the 1277 zone to test the broken trend line and complet the reversal pattern to fall down back again
nothing can cancel this now only a break of the 1292 zone and for now its so hard to get there.
Senior Trader Multi-Account Manager
  • #15,546
  • Sep 2, 2014 8:36am Sep 2, 2014 8:36am
SP500 is prepearing to go DOWN
USDX prepearing to go UP

Tho gold.. is I don't know. Also sensing a major confusion. News will clear the air, or atleast this weak hope to see trending in other pairs also.

It would be perfect if gold would go 1262 and clear the stops there, before going UP. More better if we go 1255 just to be OK. Lets hope it happens today, we get our losses, and can continue with the clear trend we have lacking for.
  • #15,547
  • Sep 2, 2014 8:40am Sep 2, 2014 8:40am
Gold starting to go UP.. watch out. Before news we might see spike UP
  • #15,548
  • Sep 2, 2014 8:42am Sep 2, 2014 8:42am
Down trend lower trend line on the daily has been broken today for the first time this year. This in my view is going to go down further before a retest of $1270 and then head south over the next months (long term trading). Would post a chart but not in front of that computer right now.
To live a successful life, we must lose our fear of being wrong
  • #15,549
  • Sep 2, 2014 8:43am Sep 2, 2014 8:43am
Wow, what is SP500 doing? gold not responding.. as feared
  • #15,550
  • Sep 2, 2014 8:44am Sep 2, 2014 8:44am
Quoting EatPIPs
Down trend lower trend line on the daily has been broken today for the first time this year. This in my view is going to go down further before a retest of $1270 and then head south over the next months (long term trading). Would post a chart but not in front of that computer right now.
Attached Image (click to enlarge)
Click to Enlarge Name: Gold Daily.png Size: 27 KB
To live a successful life, we must lose our fear of being wrong
  • #15,551
  • Sep 2, 2014 8:45am Sep 2, 2014 8:45am
Quoting Mitchoss
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
Taken this position.

Longs are on with SL in place
  • #15,552
  • Sep 2, 2014 8:58am Sep 2, 2014 8:58am
If gold goes UP and SP500 down 1 minute before news, we might have the bounce for gold..
  • #15,553
  • Sep 2, 2014 9:03am Sep 2, 2014 9:03am
SP500 going down? what.. and gold doing nothing + news where great for dollar and SP500
  • #15,554
  • Sep 2, 2014 9:11am Sep 2, 2014 9:11am
Quoting lenn17
If gold goes UP and SP500 down 1 minute before news, we might have the bounce for gold..
The bear trend is quite strong (1h TF - base on ADX), it even gap down around 10 pips. It may reach at strong support @1240.
Hopefully all out war would not breakout in UKRAINE.
  • #15,555
  • Sep 2, 2014 9:23am Sep 2, 2014 9:23am
Looks poised to visit those June lows (1240s), no real reason to go long, not even for a scalp.
"Where you want to be is always in control, never wishing, always trading.
  • #15,556
  • Sep 2, 2014 9:24am Sep 2, 2014 9:24am
Here comes the enough is enough gold rally or it's done for and were going to 1250 this week…. probably the latter
  • #15,557
  • Sep 2, 2014 9:29am Sep 2, 2014 9:29am
USD so strong….
  • #15,558
  • Sep 2, 2014 9:30am Sep 2, 2014 9:30am
Attached Image (click to enlarge)
Click to Enlarge Name: GOLD 20140902b.png Size: 119 KB
  • #15,559
  • Sep 2, 2014 9:33am Sep 2, 2014 9:33am
Finaly 1262, now SP500 failing to go higher, Gold goin to go UP for short term.
Seems, like todays news where priced in, and so we have some conslidation rest of the NY session.
  • #15,560
  • Sep 2, 2014 9:36am Sep 2, 2014 9:36am
Welp, that was quite the slaughter…. that's the type of selling gold needs these days before an up move can even come into question…..we'll see how the mkt digests this..
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