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  • #16,781
  • Sep 30, 2014 12:17pm Sep 30, 2014 12:17pm
if gold bounces from 1201 or 1190 or 1184 ,only then a bull run is possible,otherwise drop will continue till 1155(61.8 % retracement of 2008 low to 2012 high ).
Nothing Is Certain In The Universe
  • #16,782
  • Sep 30, 2014 12:31pm Sep 30, 2014 12:31pm
if you are a bull for gold like me,condition of uptrend or reversal is,

1. weekly close above 1213 on weekly tf
2. 1184-1201 range must hold

resistance for bulls 1243,1278,1314,1324,1344

reversal point for me is 1201 or 1190 or 1184 ....

and breakdown point is 1184 to 1155
Nothing Is Certain In The Universe
  • #16,783
  • Sep 30, 2014 12:44pm Sep 30, 2014 12:44pm
Gained 21$ today. Got to see if there be further drop in the price which can change state of my account
  • #16,784
  • Sep 30, 2014 2:11pm Sep 30, 2014 2:11pm
Quoting RAW-Trader
Lets see if it goes down this week {image}
Gold continued to trade lower. Hopefully soon it may breach that line and then go down further.
Attached Image (click to enlarge)
Click to Enlarge Name: Gold.jpg Size: 361 KB
  • #16,785
  • Sep 30, 2014 4:35pm Sep 30, 2014 4:35pm
There is no much demand for physical gold at the moment. The demand is %16 percent less than first quarter (and first quarter it was less already). Source is WGC (world gold council). Its effecting.
I believe it may test 1180 and will be strong over there. 1214 is very important for weekly close which can trigger the bulls. Lets watch!
Its not an advice and sorry for grammar.
  • #16,786
  • Sep 30, 2014 6:38pm Sep 30, 2014 6:38pm
Hi all gold bugs,
I'm sharing this chart I made on a spreadsheet, I hope it will be of some use to somebody.
It shows weekly average prices from week 41/1993 to present.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 122 KB


Here's the ZIPED spreadsheet, you can open it with OpenOffice/LibreOffice Calc
Attached File(s)
File Type: zip FX weekly chart.zip   96 KB | 555 downloads
  • #16,787
  • Sep 30, 2014 6:57pm Sep 30, 2014 6:57pm
Same chart, different data range.
Week 41/2011 to present
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 114 KB
  • #16,788
  • Sep 30, 2014 10:11pm Sep 30, 2014 10:11pm
Still holding 1 long from 1255 .. wondering when will it be retrace to bull ... thinking to open short position , but the price now is kinda low ...
  • #16,789
  • Sep 30, 2014 10:11pm Sep 30, 2014 10:11pm
world markets were falling so I expected gold to fly instead bloody thing hit my stop twice
  • #16,790
  • Sep 30, 2014 10:36pm Sep 30, 2014 10:36pm
Quoting goldfinger
world markets were falling so I expected gold to fly instead bloody thing hit my stop twice
The entire world is hunting the USD, making other investments less profitables.

Even so, It's all about manipulation... It's not a coincidence that China is buying Gold in the parallel market.
This whole thing smells like a giant bubble, and I don't mean really big one, but the biggest of all times.
Once the system collapses (like is espected in capitalism), the big movers will get back to the safety of their comfortable, precious metal.

I'ts time to go Long, but for real. Not PCs, not Brokers, just... physical gold.
This is for the long term and also don't know if It's gonna be profitable, but safe.
Trade, don't bet.
  • #16,791
  • Sep 30, 2014 10:39pm Sep 30, 2014 10:39pm
just spotted a RSI upward divergence in Gold Daily Chart.

Weekly also reaching bottom, 1200

4H chart latest candle might stop on previous closed before the next candle open

on 1H chart, price seem to be holding well with 1205.05 as support

on 15mins, price seem to hold well and heading toward 1215 to test the line again, need to pass 1208 first

I really feel that Bull is coming in..... IMHO
  • #16,792
  • Sep 30, 2014 10:40pm Sep 30, 2014 10:40pm
Quoting MarketFox
{quote} The entire world is hunting the USD, making other investments less profitables. Even so, It's all about manipulation... It's not a coincidence that China is buying Gold in the parallel market. This whole thing smells like a giant bubble, and I don't mean really big one, but the biggest of all times. Once the system collapses (like is espected in capitalism), the big movers will get back to the safety of their comfortable, precious metal. I'ts time to go Long, but for real. Not PCs, not Brokers, just... physical gold. This is for the long...
Exactly! In a long term, land and gold are much better than holding cash.
  • #16,793
  • Oct 1, 2014 12:53am Oct 1, 2014 12:53am
A great Month come to an end , had an enormous amount of shorts and eventually ending up in good green. Well i still see gold bearish as the DXY ( dollar index) is going to break it 6 yrs high pretty soon and i personally think that going to happen by this week as soon as NON FARM PAYROLL news will hit the market DXY will boost and eventually take gold to 1180 . on the other side bearish trend is very obvious because of the US economy is booming so no concept of safe havens rights now , Potential of US economy can be easily judged by few huge IPOs this week. And i guess bulls are in some honeymoon packages lol. cheers
  • #16,794
  • Oct 1, 2014 2:03am Oct 1, 2014 2:03am
Good Morning!

Today's S/R Levels on MT4 Templates

EURO
CABLE
AUDUSD
USDJPY
GOLD

http://www.forexfactory.com/showthre...83#post7771783

EURO PINK
CABLE PINK
FX is a Bitc*h!, No one keeps me wake all night but FX does!!
  • #16,795
  • Oct 1, 2014 3:12am Oct 1, 2014 3:12am
USD had reached the six years high, does it means its time for a reversal too?

Any expert to advise on this news?
  • #16,796
  • Oct 1, 2014 3:58am Oct 1, 2014 3:58am
Quoting actorial
USD had reached the six years high, does it means its time for a reversal too? Any expert to advise on this news?
well to me it means its going to go up to make new highs. so better to keep long.
  • #16,797
  • Oct 1, 2014 4:46am Oct 1, 2014 4:46am
Quoting Karpa
{quote} Hey Phil, kindly take a look at daily, weekly or monthly charts none of them show signs of uptrend reversal imho
I make directional decision based on fundamentals and then look for suitable entry on the technical levels. Though gold was due for some some bullish move, at least a correction or sorts for medium term. So have bought it again with a tight stop loss. If it goes lower than 1204 area and break that long standing support then it will likely go down all the way to 999 and then bounce from there.

Anyway, how is living in Nauru? Never heard of that country befor but it looks a lovely to live in...
Think outside the box; opposite what they want you to think.
  • #16,798
  • Oct 1, 2014 5:10am Oct 1, 2014 5:10am
Quoting Philman
{quote} I make directional decision based on fundamentals and then look for suitable entry on the technical levels. Though gold was due for some some bullish move, at least a correction or sorts for medium term. So have bought it again with a tight stop loss. If it goes lower than 1204 area and break that long standing support then it will likely go down all the way to 999 and then bounce from there. Anyway, how is living in Nauru? Never heard of that country befor but it looks a lovely to live in...
Whatever works for you mate. Currently I'm short scalping (selling highs).
Nauru is just a metaphor for the kind of country I live in, not to worry about
  • #16,799
  • Oct 1, 2014 5:11am Oct 1, 2014 5:11am
Quoting MarketFox
{quote} The entire world is hunting the USD, making other investments less profitables. Even so, It's all about manipulation... It's not a coincidence that China is buying Gold in the parallel market. This whole thing smells like a giant bubble, and I don't mean really big one, but the biggest of all times. Once the system collapses (like is espected in capitalism), the big movers will get back to the safety of their comfortable, precious metal. I'ts time to go Long, but for real. Not PCs, not Brokers, just... physical gold. This is for the long...
If what u r saying is true then China could claim its money backed by gold. What will happen to fiat money like USD. U r talking WW3 my man. Gold will hit god knows what.
  • #16,800
  • Oct 1, 2014 6:44am Oct 1, 2014 6:44am
Waiting for a spike to 1215 range to short.. May or may not get it, volume already showing bearishness at 1210 level, but surely can go higher first... and price seems to indicate that it will.
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