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  • #17,541
  • Oct 14, 2014 9:34am Oct 14, 2014 9:34am
Quoting ClockTrader
{quote} Any logical explanation? Why would you sell @ 1234?
Stochastich and moving averge crossed on the down side
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Senior Trader Multi-Account Manager
  • #17,542
  • Oct 14, 2014 9:39am Oct 14, 2014 9:39am
for me 1240.xx is a crucial area for the up move if it fails to move beyond this resistance area than i see the price might move in the range between 1240.xx - 1188 . please see the chart below
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  • #17,543
  • Oct 14, 2014 9:50am Oct 14, 2014 9:50am
Quoting lorix
{quote} Stochastich and moving averge crossed on the down side {image}
Thanks for sharing not only your call but analysis as well with hundreds of people here.
Hello World!
  • #17,544
  • Oct 14, 2014 9:51am Oct 14, 2014 9:51am
Bearish in bigger picture - medium bullish is not over yet
Gold Annihilation System
  • #17,545
  • Oct 14, 2014 10:37am Oct 14, 2014 10:37am
Quoting Hunterrus
Bearish in bigger picture - medium bullish is not over yet
IMHO:

Multi-Year Trend: Bearish
October Bull: can take a break (based on Seasons)

My current inclination is towards shorts.

The remainder days of this week are going to show very decisive PA. IF I'm wrong, price can go sideways on H4 and stay range bound.

Trade Safe!
Hello World!
  • #17,546
  • Oct 14, 2014 11:03am Oct 14, 2014 11:03am
I would have sold if priced crossed trendline at +-1230 but its getting late so not interested any longer.
if it was 10am in the morning and it crossed i would target that purple line at 1222.
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  • #17,547
  • Oct 14, 2014 11:52am Oct 14, 2014 11:52am
Quoting MACDave
I would have sold if priced crossed trendline at +-1230 but its getting late so not interested any longer. if it was 10am in the morning and it crossed i would target that purple line at 1222. {image}
1224 m15+h1 buy zone is still in play - possible new buy zone at 1231-33
Gold Annihilation System
  • #17,548
  • Oct 14, 2014 12:53pm Oct 14, 2014 12:53pm
sold at 1232.76..... target 1220, finger crossed
  • #17,549
  • Oct 14, 2014 1:56pm Oct 14, 2014 1:56pm
Quoting Azmat313
sold at 1232.76..... target 1220, finger crossed
=))) 50 to 50 strategy?
Gold Annihilation System
  • #17,550
  • Oct 14, 2014 2:17pm Oct 14, 2014 2:17pm
Quoting Hunterrus
{quote} 1224 m15+h1 buy zone is still in play - possible new buy zone at 1231-33


looking at the USD gaining strength again.. looking how crude is crashing.. looking at the currencies (EUR nd GBP) are crashing.. and how gold has so far sucked up this pressure... i dont think it can hold on longer.. dont you think technicals on gold wont really matter now ?
  • #17,551
  • Oct 14, 2014 2:59pm Oct 14, 2014 2:59pm
Quoting haider13
{quote} looking at the USD gaining strength again.. looking how crude is crashing.. looking at the currencies (EUR nd GBP) are crashing.. and how gold has so far sucked up this pressure... i dont think it can hold on longer.. dont you think technicals on gold wont really matter now ?

that's one side of the coin haider


on the other hand the fed sending signals of more QE


"If we really get a sustained, disinflationary forecast ... then I think moving back to additional asset purchases in a situation like that should be something we should seriously consider," Williams said.


there is huge pressure on ECB from france and Italy for more easing , japan is aggressively easing , rumor over the week-end that china might do more stimulus if their economy slows down (that rumor was denied by PBOC) but as they say no smoke without fire

current 10-Year Government Bond Yields are very low including troubled European countries and as we know that the major players in Government Bond and gold are central banks so we are going to see some more demand going into gold going forward
Bulls Make Money, Bears Make Money, Pigs Get Slaughtered
  • #17,552
  • Oct 14, 2014 3:08pm Oct 14, 2014 3:08pm
Quoting blue_z_zz
{quote} that's one side of the coin haider on the other hand the fed sending signals of more QE "If we really get a sustained, disinflationary forecast ... then I think moving back to additional asset purchases in a situation like that should be something we should seriously consider," Williams said. there is huge pressure on ECB from france and Italy for more easing , japan is aggressively easing , rumor over the week-end that china might do more stimulus...
also, read this http://www.zerohedge.com/news/2014-1...00-tonnes-2013
  • #17,553
  • Oct 14, 2014 3:15pm Oct 14, 2014 3:15pm
Quoting EatPIPs
More of an immediate view {image}

that triangle is still valid


by look gold price is consolidating for a break out I would use your triangle formation EatPIPs plus 1237 for a buy signal

Bulls Make Money, Bears Make Money, Pigs Get Slaughtered
  • #17,554
  • Oct 14, 2014 3:17pm Oct 14, 2014 3:17pm
Quoting medvic
{quote} also, read this http://www.zerohedge.com/news/2014-1...00-tonnes-2013
can you please re-post the link medvic I cant open the links
Bulls Make Money, Bears Make Money, Pigs Get Slaughtered
  • #17,555
  • Oct 14, 2014 3:23pm Oct 14, 2014 3:23pm
Quoting haider13
{quote} looking at the USD gaining strength again.. looking how crude is crashing.. looking at the currencies (EUR nd GBP) are crashing.. and how gold has so far sucked up this pressure... i dont think it can hold on longer.. dont you think technicals on gold wont really matter now ?
S&P 500 is falling and i think it supports gold for now. if it reverses accompanied by the gaining strength usd index you mentioned and we are heading to the bottom.
  • #17,556
  • Oct 14, 2014 3:28pm Oct 14, 2014 3:28pm
maybe this news tonight (EST timezone) will create some movement in Gold
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  • #17,557
  • Oct 14, 2014 3:35pm Oct 14, 2014 3:35pm
Quoting blue_z_zz
{quote} can you please re-post the link medvic I cant open the links
oh, sorry z, here it is http://www.zerohedge.com/news/2014-1...00-tonnes-2013
please, share your thinking...
  • #17,558
  • Oct 14, 2014 4:05pm Oct 14, 2014 4:05pm
Quoting medvic
{quote} oh, sorry z, here it is http://www.zerohedge.com/news/2014-1...00-tonnes-2013 please, share your thinking...
I liked this comment under the article

"Trust your local Goldman Sachs to pay your GLD shares in gold."

me I don't really believe that all the gold future contracts traded on CME are backed by physical gold there is a big chunk of these contracts are settled in cash at the expiry date
Bulls Make Money, Bears Make Money, Pigs Get Slaughtered
  • #17,559
  • Oct 14, 2014 5:18pm Oct 14, 2014 5:18pm
closed my short on gold looks like it has more legs down
I am flat on gold
Senior Trader Multi-Account Manager
  • #17,560
  • Oct 14, 2014 5:23pm Oct 14, 2014 5:23pm
Quoting lorix
closed my short on gold looks like it has more legs down I am flat on gold
sad with the movement on Gold... This has cost alot of jobs and mining firms... I run a small scale mining company and this situation hasn't done justice to us at all... I spoke to a StandChart Bank analyst and he mentions there's a possibility for bearish to around the $800-700 region which isn't a very good look.
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