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  • #17,281
  • Oct 8, 2014 8:36pm Oct 8, 2014 8:36pm
Quoting Gold-lover
{quote} Hello CT, Thanks a lot for your luminous comments and analysis. May I ask what do you mean by VVSA?
Volatile Volume and spread analysis. You can use a free indicator "Better Volume" for that.
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  • #17,282
  • Oct 8, 2014 8:38pm Oct 8, 2014 8:38pm
Quoting ClockTrader
{quote} You had your chance to buy on pullback.
Yep.

GL all longs, I'm targeting 40s and beyond. SL just below my entry at 1200 (which would invalidate the IHS).
"Where you want to be is always in control, never wishing, always trading.
  • #17,283
  • Oct 8, 2014 8:38pm Oct 8, 2014 8:38pm
As it appears, both of these bottom-out and peak-out bars should neutralize each other. I would like to be in observer's mood today.

Trade Safe!
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  • #17,284
  • Oct 8, 2014 9:29pm Oct 8, 2014 9:29pm
Quoting ClockTrader
{quote} What makes you think so?
next supply zone.

lots of people think gold should be going down in one way and strong USD push it down in one way... Things has changed in recent 5 years. FED and US don't like strong USD any more and they can't afford it

that's why I said FED would invent a new data to push USD down when GOLD enter 118x zone.
  • #17,285
  • Oct 8, 2014 9:47pm Oct 8, 2014 9:47pm
Quoting zew
{quote} next supply zone. lots of people think gold should be going down in one way and strong USD push it down in one way... Things has changed in recent 5 years. FED and US don't like strong USD any more and they can't afford it that's why I said FED would invent a new data to push USD down when GOLD enter 118x zone.
IMHO, next time when price goes to 118x, it won't bounce nicely from there like it has done twice so far. It will go down like a rock off the cliff.

Low inflation due to falling commodities is hurting US Govt (Fed). Regardless of all this, my view on multi-year Gold trend remains bearish.
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  • #17,286
  • Oct 8, 2014 10:13pm Oct 8, 2014 10:13pm
Quoting ClockTrader
{quote} IMHO, next time when price goes to 118x, it won't bounce nicely from there like it has done twice so far. It will go down like a rock off the cliff. Low inflation due to falling commodities is hurting US Govt (Fed). Regardless of all this, my view on multi-year Gold trend remains bearish.
I agree next time gold enter 118x zone, it will be very likely to break it.

Low inflation due to falling commodities is hurting US Govt (Fed). Regardless of all this, my view on multi-year Gold trend remains bearish.

Why would they increase rate then ?
  • #17,287
  • Oct 8, 2014 10:19pm Oct 8, 2014 10:19pm
Quoting zew
{quote} I agree next time gold enter 118x zone, it will be very likely to break it. Low inflation due to falling commodities is hurting US Govt (Fed). Regardless of all this, my view on multi-year Gold trend remains bearish. Why would they increase rate then ?
I don't like to analyze news, never trade news. But, I love news. I think I've discussed news/data here only for a few times.

http://www.federalreserve.gov/faqs/economy_14400.htm

I also read somewhere that Japan and US are working hard to bring in some inflation. In my personal opinion, on the basis of observation, higher the inflation, higher the chance of booming green GDP.

Take a look at India and China for example.
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  • #17,288
  • Oct 8, 2014 11:10pm Oct 8, 2014 11:10pm
Quoting ClockTrader
{quote} I don't like to analyze news, never trade news. But, I love news. I think I've discussed news/data here only for a few times. http://www.federalreserve.gov/faqs/economy_14400.htm I also read somewhere that Japan and US are working hard to bring in some inflation. In my personal opinion, on the basis of observation, higher the inflation, higher the chance of booming green GDP. Take a look at India and China for example. {image}
sure, trade in technical analysis but we can't throw fundi things away.

When US, JP and EURO want to get inflation, China is still willing to buy gold. What reason can make GOLD below 1180s easily?
  • #17,289
  • Oct 8, 2014 11:21pm Oct 8, 2014 11:21pm
Quoting zew
{quote} sure, trade in technical analysis but we can't throw fundi things away. When US, JP and EURO want to get inflation, China is still willing to buy gold. What reason can make GOLD below 1180s easily?
I never trade news, people can and its alright.

> What reason can make GOLD below 1180s easily?

----> Multi-Year Trend.

I'm inclined towards Bulls ruling October on a broad level, I've been talking about this since the beginning of last week.
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  • #17,290
  • Oct 8, 2014 11:50pm Oct 8, 2014 11:50pm
I'm still unsure about the new market condition. would that be bearish move back to previous value or new market condition. i'm still observing the market.
  • #17,291
  • Oct 9, 2014 12:26am Oct 9, 2014 12:26am
Quoting andrern2000
I'm still unsure about the new market condition. would that be bearish move back to previous value or new market condition. i'm still observing the market.
ALL red lines near 1223-1217 must be deleted! Good long term Buyers - waiting for patterns to trade
1218-1214 is m15 buy zone
1206 is H4 support
1234-37 next FOMC resistance

Will watch todays US volumes
Gold Annihilation System
  • #17,292
  • Oct 9, 2014 12:37am Oct 9, 2014 12:37am
Good Morning people. How are you all. I was away from all these stuff from last 4 days. Went out of station.
  • #17,293
  • Oct 9, 2014 12:40am Oct 9, 2014 12:40am
I think bull is over. Short from today
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  • #17,294
  • Oct 9, 2014 12:48am Oct 9, 2014 12:48am
Quoting AmiFX
I think bull is over. Short from today {image}
Hope so. Cross fingers
  • #17,295
  • Oct 9, 2014 12:54am Oct 9, 2014 12:54am
Even if the trend line breakout is backed by the MACD rebound and the buying season at the world's second largest bullion consumer, India, the yellow is less likely to surpass $1260. IMHO, a break of 1243 can cause it to test $1260 and the plunge below $1205 gives to expectations of a sub $1185 levels.
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  • #17,296
  • Oct 9, 2014 12:58am Oct 9, 2014 12:58am
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IMHO

Inverted Head and shoulder

last 4H candle had broken the shoulder line.

currently testing channel top but it doesnt seem like there is a line to hold.

Price should be heading toward 1253 area.

Bull is taking the run for awhile now.
  • #17,297
  • Oct 9, 2014 1:00am Oct 9, 2014 1:00am
Quoting Hunterrus
{quote} ALL red lines near 1223-1217 must be deleted! Good long term Buyers - waiting for patterns to trade 1218-1214 is m15 buy zone 1206 is H4 support 1234-37 next FOMC resistance Will watch todays US volumes
No major FOMC pending this week. The one pending is medium impact. You don't trade news, why focus on that?

Do you mean we will reach 1234-37 today/tomorrow?

This on the basis of pivots?

Why don't you post VSA charts? I like them.
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  • #17,298
  • Oct 9, 2014 1:04am Oct 9, 2014 1:04am
Quoting goldstreet
{quote} Hope so. Cross fingers
carefull, 4h down kumo is breaken ,first time after the price was fallen from 1300
  • #17,299
  • Oct 9, 2014 1:42am Oct 9, 2014 1:42am
long on 1218, will reach 1228/1235
other way, sell on 1214, will reach 1204/1182
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  • #17,300
  • Edited 2:34am Oct 9, 2014 2:19am | Edited 2:34am
On the VSA basis 34-37 is the first resistance and price is heading there
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Gold Annihilation System
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