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Trading Journal (only my take) 382 replies

Trading gold and silver only 58 replies

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

GOLD traders only 90 replies

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Only Gold!

If that was the case my account would be vanished. Because i was holding longs taken at a higher price.
Quoting ClockTrader
{quote} I expect the price to hit the 1215-1230 range by this month-end or possibly even lower. IF price gets close to 1180, thereafter 1150 looks inevitable.
The current bear-rule is limited to time based seasonal cycles. This month is all they got.
Hello World!
short gold @ 1266.2 Target 1255
Wish you all a great weekend!
Hello World!
Quoting ClockTrader
Wish you all a great weekend!
Thanks and wish you the same CT.

Will wait and close couple of my shorts in green today itself.
closing shorts and expecting price to fall.. don't get it
Have a lovely weekend everyone. Next week will be an interesting week.
i have position sell on 1265.19

i think dropped down to 1258

but he is go up closed on 1268.82


What will happen for Gold on monday next week

correction to 1275 or go down to 1258-1239
Quoting ClockTrader
{quote} I expect the price to hit the 1215-1230 range by this month-end or possibly even lower. IF price gets close to 1180, thereafter 1150 looks inevitable.
1260 is a fairly important number for the bulls, its the 61.8 Fibo level. Keep in mind the daily is oversold and Fridays price action (to me) says next week will likely be a retest of 1260, then up to 1280ish. Silver has legs to break out above 19.28 - 19.32 region to give it legs to test 19.5 and higher.

I'm long (for now) as the potential for upside in the next day or two outweighs downside likelihood.

The USDX appears well overstretched so any retirement from it will be welcoming for gold/silver.

Have a good weekend all, see you next week for some pipsssssss

Mitch
A few of my TL's.

Imo this region appears to me to be very well supported. I am also looking at oversold with divergence, close to the same sized daily bars the last two days (a reversal signal) and a 4hr falling wedge. With disappointing results out from the NFP/employment it could be the USD pullback that could kick gold back onto the topside.

On the downside PA has a BO from the lower orange TL that may create enough momentum to crack the rest of the support and if the weekly dark blue TL gets a clear break then I doubt if we would see these levels again for quite sometime. If things keep mending in Russia/Ukraine then it could create a risk on environment again though imo who could seriously trust Putin.
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As the lights go by so too do the shadows move
Quoting Mitchoss
{quote} 1260 is a fairly important number for the bulls, its the 61.8 Fibo level. Keep in mind the daily is oversold and Fridays price action (to me) says next week will likely be a retest of 1260, then up to 1280ish. Silver has legs to break out above 19.28 - 19.32 region to give it legs to test 19.5 and higher. I'm long (for now) as the potential for upside in the next day or two outweighs downside likelihood. The USDX appears well overstretched so any retirement from it will be welcoming for gold/silver. Have a good weekend all, see you next...
IF price can spend next few w. days or entire next week in the peak out process, I would love to hedge some or all of my longs in the 1270-1280 or higher area.

On broad level my mood is bearish.

PS: I have 14 Gold longs right now which I wish to hedge.
Hello World!
Hi guys

i am short all the week.
Onthe next week i believe that we should see 1254 (last is 1257 ) and will going up to 1280-1300 zone , before the drop down for a new low.

So my plan will long after retrace. And hold till 1283 and wait to see how she move.
Learning and Learing
Gold 08~12 september, 2014
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Quoting Likerty
{quote} Yes, blue lines are short trades.. I'm looking in to all TF's when trading - from monthly to 1 minute.. Closing/opening levels of what ever time period I completely ignore, entry/exit points of the market movers is what I'm interested in.
Seems like we trade the same way.
A trade should be based on an assumption based on facts
Quoting ClockTrader
{quote} I expect the price to hit the 1215-1230 range by this month-end or possibly even lower. IF price gets close to 1180, thereafter 1150 looks inevitable.
Just saw this commen ,CT

I am looking quite similar to you 1200,1180,1150 , this may take months till december.

My big plan will be the next pullback and open a short for a long period, i am preparing the money together with MM, and also a multiple bullet is a must.

Hope i am right about it ^_^
Learning and Learing
Hi Gents,

Here is my thoughts on next moves for Gold. This approach based on Harmonic patterns.

Overall trend is Down and i believe it will go down in long run until 1215 in couple of weeks. Then, shoot up from there to challenge 1300. However, i expect following steps for price action.

1. Move up from 1268 to 1295. The reasoning comes from Bullish Gartley Pattern (Already formed). See chart 1.
2. Move Down from 1295 to 1215. The Reasoning Comes from Bullish Gartley Pattern (to form yet). See chart 2.
3. Move from there to upside to minimum 1300.

Let me know your thoughts?

Regards, Arslan


Chart 2

https://charts.mql5.com/5/627/gold-d...services-3.png

Chart 1

https://charts.mql5.com/5/627/gold-d...services-2.png
For the short term for the dollar index:

RSI is Strongly Bearish
MFI is Strongly Bearish
Stochastic is Strongly Bearish

http://www.marketvolume.com/quotes/t...lysis.asp?s=DX


Also, there is a good resistance against the dollar index as shown below in the chart:

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Therefore, we must be careful right now!

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Below is the Gold chart for the weekly
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Quoting mfa2h
For the short term for the dollar index: RSI is Strongly Bearish MFI is Strongly Bearish Stochastic is Strongly Bearish http://www.marketvolume.com/quotes/t...lysis.asp?s=DX Also, there is a good resistance against the dollar index as shown below in the chart: {image} Therefore, we must be careful right now! {image} Below is the Gold chart for the weekly {image}
I'm with this guy, completely agree what his charts are indicating. I've also been watching the USDX like a hawk and if we breach above the channel that is shown in the graph it will be a signal to get out of my longs on silver(and gold). Until then I will be long as we test this strong USDX resistance point.

The chance of a reversal in the USDX and Gold is quite likely in the short term.
Quoting pladee
{quote} Just saw this commen ,CT I am looking quite similar to you 1200,1180,1150 , this may take months till december. My big plan will be the next pullback and open a short for a long period, i am preparing the money together with MM, and also a multiple bullet is a must. Hope i am right about it ^_^
My view and analysis are based on seasons and similar cycles. I strongly think its not going way down to 1150, but, like a wise trader, I'm prepared if it does so.

Secondly, bears don't have forever to dominate bulls. The bulls shall be back soon and I expect the price to fly through 1420-25 levels by mid or end of December.
Hello World!
Head and shoulders to the upside is in the way, please see the below chart (daily Chart):
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