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Only Gold!

  • #16,921
  • Oct 2, 2014 8:20am Oct 2, 2014 8:20am
Quoting wibie g
We are seeing Gold has been in a congested state this week.. We'll be seeing clearer direction starting early next week, either up or down.. My conservative bet is it'll go north to up around 1260 area.. If things get more optimistic for Gold, it could go up to 1295 or even 1315 area.. Cheers..
In line with your view....
Hello World!
  • #16,922
  • Oct 2, 2014 8:24am Oct 2, 2014 8:24am
Quoting ClockTrader
{quote} When volatile bars have pins on both sides, it can be hard to speculate. That's when balanced hedging works like a charm. Use support / resistance levels to stop/limit positions.
Thanks a lot for the information CT.
Will decided on what to do according to situation.
  • #16,923
  • Oct 2, 2014 8:42am Oct 2, 2014 8:42am
Quoting ClockTrader
{quote} In line with your view....
Cheers CT..

In addition to the analysis above, we also see today the Stock Market Indices across the Globe are collapsing... And this is just the beginning.. More and more Investors will eventually place their bet on safe haven asset again.. Hence, the prediction of the rise of Gold..

See the indices here: www.bloomberg.com/markets/stocks/world-indexes/
  • #16,924
  • Oct 2, 2014 8:55am Oct 2, 2014 8:55am
Folks, my trading specialist says that all the U.S. stocks are running in negative's and U.S. Economy is going down after a 6yr max value.
This will have a big impact on xau and JPY. Is that true.....

From the link that was provided in previous reply i can see all the American shares are in RED.
  • #16,925
  • Oct 2, 2014 9:01am Oct 2, 2014 9:01am
Quoting ClockTrader
{quote} IF I am right, a rally of at least 80 $s towards North in the next 8 - 10 weeks.
I'm seeing a similar price target range as well...
not too sure about the time frame though, getting mixed signals at the moment, will be able to pin it down as we get closer

thanks
90% of people, are wrong about 90% of everything, 90% of the time...
  • #16,926
  • Oct 2, 2014 9:49am Oct 2, 2014 9:49am
I's like to see 1180-1200 prior to any retracement bounces.
Anything can happen.
  • #16,927
  • Oct 2, 2014 9:50am Oct 2, 2014 9:50am
hello all what a busy day here super trading day nice green everywhere lool
Senior Trader Multi-Account Manager
  • #16,928
  • Oct 2, 2014 10:23am Oct 2, 2014 10:23am
a drop based on the shampoo appearing on the hourly chart could be on cards tomorrow
  • #16,929
  • Edited 10:52am Oct 2, 2014 10:29am | Edited 10:52am
My view attached
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  • #16,930
  • Oct 2, 2014 11:00am Oct 2, 2014 11:00am
Quoting theDHT
{quote} I'm seeing a similar price target range as well... not too sure about the time frame though, getting mixed signals at the moment, will be able to pin it down as we get closer thanks
Patience is the key, lets see how next week unfolds.
Hello World!
  • #16,931
  • Oct 2, 2014 11:19am Oct 2, 2014 11:19am
This rise is just reflected in the UJ pullback imo. I haven't read anything of a Yen recovery but this pullback is well documented. I think most are expecting the UJ to go back to the top and Gold could follow back down when does imo. Geopolitics is the unknown and Catalonia may upset the world markets if no resolution is found, it has the potential to bump the whole EZ going by some reports. Also as I've mentioned before, imo I don't think Putin has finished his game yet, though he is patient and it maybe sometime before he makes a real move.
As the lights go by so too do the shadows move
  • #16,932
  • Oct 2, 2014 11:35am Oct 2, 2014 11:35am
I just realized that tomorrow is coming with hot data. In accordance to my analysis, a major storm is still pending.

If things happen as expected and if this isn't just a coincidence, tomorrow maybe a day we might wanna remember for bulls or bears or a BIG tug of war.

Whatever it is, if it is, we shall see it tomorrow.

Trade Safe fellas! Almost 2 weeks going sideways, Time to call it day.
Hello World!
  • #16,933
  • Oct 2, 2014 1:06pm Oct 2, 2014 1:06pm
Quoting ClockTrader
I just realized that tomorrow is coming with hot data. In accordance to my analysis, a major storm is still pending. If things happen as expected and if this isn't just a coincidence, tomorrow maybe a day we might wanna remember for bulls or bears or a BIG tug of war. Whatever it is, if it is, we shall see it tomorrow. Trade Safe fellas! Almost 2 weeks going sideways, Time to call it day.
pls more guide , south or north???
  • #16,934
  • Oct 2, 2014 6:18pm Oct 2, 2014 6:18pm
As much as i HATEEEEEEE the fact.. nd i regret to say :/ but i think friday might just be good enough for the bears to close with some good greens.. i suspect there might just be a drop tomorrow.. (hopefully not a freefall) i hope 1201 sustains tomorrow.. fingers crossed.. to be honest i myself am hoping im wrong.. and im gonna bet against myself.. if it does happen though.. a low below 1205.. ill share why i thought so with everyone.. CT i really really hope ure right about it going back up.. fingers crossed
  • #16,935
  • Oct 2, 2014 10:33pm Oct 2, 2014 10:33pm
Quoting Arshamv
{quote} pls more guide , south or north???
Lets wait until US morning, until then it does not appear to be falling way down.

Secondly, on a broad level my view is Bullish, however, minor falls cannot be ruled out. This also means that I don't expect a free fall below 1190, not today or next week IMHO.
Hello World!
  • #16,936
  • Oct 2, 2014 10:46pm Oct 2, 2014 10:46pm
Yesterday's volatile Vols on M15 indicate price has fair support. I would like to wait until NY morning today before sharing a final view for today. Regardless of where price goes, I'm sure about a storm in the NY session for below reasons:

 

  1. Hot data coming in NY session
  2. Breakout is pending
  3. While the price been volatile, but no decent spread on vols in the past 7 days on TF H4.
  4. Possibly a final bottom-out is pending

I strongly suggest people to trade safe.

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Hello World!
  • #16,937
  • Oct 3, 2014 12:37am Oct 3, 2014 12:37am
I bet if you can translate this then feel free to share your views , but so far that's what has been happening


Plz subscribe if you like my analysis , am trying to start a USDZAR thread .tnx
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  • #16,938
  • Oct 3, 2014 2:05am Oct 3, 2014 2:05am
Price down till 1206 and not a single sign of volatility by far.. this could go down further.

I'll await NY morning to see how this unfolds.
Hello World!
  • #16,939
  • Oct 3, 2014 2:09am Oct 3, 2014 2:09am
Quoting ClockTrader
Price down till 1206 and not a single sign of volatility by far.. this could go down further. I'll await NY morning to see how this unfolds.
The Pivot point is aroung 1204 -1203 .
If price brks 1203 then i think it should go down the wire.

Looking from now, i think it picks up and moves up, may be till 1220 to 1225.

Am i correct CT or anything wrong in my analysis.
  • #16,940
  • Oct 3, 2014 2:10am Oct 3, 2014 2:10am
Quoting ClockTrader
Price down till 1206 and not a single sign of volatility by far.. this could go down further. I'll await NY morning to see how this unfolds.
it is a holiday in Germany today. If bad data comes from US now its probably a good time to run some long stops with this low volatility ...who knows...
I really hope we are staying above 1200 today
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