Only Gold! | Page 957 | Metals Mine

Options

Go to
Permalinks
Print Thread

Similar Threads

Trading Journal (only my take) 433 replies

Trading gold and silver only 59 replies

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

GOLD traders only 90 replies

Attachments: Only Gold!
Exit Attachments

Only Gold!

  • #19,121
  • Nov 14, 2014 9:00pm Nov 14, 2014 9:00pm
Ideally, this thread is not the best place to discuss targets based on monthly chart coz the time horizon can go as far as many years & sometimes even decades. Most members here would find it hard to understand such analysis. I have tried this & its very hard to explain a view and understand other's.

With that said, I do not mean to discourage anyone from sharing their analysis regardless of the time horizon. Feel free.

Quoting Spartanholds
{quote} I whole heartedly agree with your statement...there should be a disclaimer before the funnymentals are released saying,"for entertainment purposes ONLY". When "just trading the charts" ...I would add that you need to be objective when trading the charts.... no bulls no bears...just what are the charts telling you. Having said that, I think you maybe a bit premature on the 2400 target. I've shorted gold here @1188,63 tgt in the short term @1129. I believe 1095/99 is viable and lower before we get the reversal in the trend which seems to be...
Quoting iaveight
{quote} I am not saying it will reach 2400 in the next 12 months I am telling you what my fib is telling me, all indicators LAG , its a visual representation of what price has started to do, IMO fibs are the only leading indicator telling you where price will go in the future........ I cant say how long it will take to get there (because i am not versed in fib time tool), 2 years ect but at that level I know to short again !!! Price bounced between two monthly fib levels 1312 and 1184 not quite touching my monthly fib level at 1168 , now that it...
Hello World!
  • #19,122
  • Nov 14, 2014 9:04pm Nov 14, 2014 9:04pm
It appears the price will stabilize in the 1185-1205, once in the next week, I hope I can see the price peaking out in the said range.

Thereafter, I expect a reasonable correction during next week. However, since Bulls are back, I strongly suggest trade safe.

​
Risk Disclaimer

Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all traders/investors. Past performance is not indicative of future results, for eg: Golden Seasons. The high degree of leverage can work against you as well as for you. You can lose all the money you have invested.

Use your MM and trade at your own risk.
Attached Image (click to enlarge)
Click to Enlarge Name: ss1.PNG Size: 27 KB
Hello World!
  • #19,123
  • Nov 14, 2014 11:47pm Nov 14, 2014 11:47pm
http://www.forexfactory.com/showthre...32#post7869032
ok move as per but may be limited too as to break some hardles to get up & even after further crush likely & may take more time play around .
lets see .
fontu
Attached Image(s) (click to enlarge)
Click to Enlarge Name: XAUUSDWeekly.png Size: 42 KB
Click to Enlarge Name: XAUUSDDaily.png Size: 42 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #19,124
  • Nov 15, 2014 2:14am Nov 15, 2014 2:14am
Quoting ClockTrader
It appears the price will stabilize in the 1185-1205, once in the next week, I hope I can see the price peaking out in the said range. Thereafter, I expect a reasonable correction during next week. However, since Bulls are back, I strongly suggest trade safe. ​ Risk Disclaimer Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all traders/investors. Past performance is not indicative of future results, for eg: Golden Seasons. The high degree of leverage can work against you as well as for you. You...

I totally agree clock, I just find many use a 1 hour chart to predict what price is going to do, when a pair like gold at this moment in time is bouncing off of monthly levels and at its lowest point in years, just trying to show an hourly chart is not going to help much if the big picture is not in view or understanding why price bounced where it did, also that as the news and media become more and more bearish on gold thats usually a sign to trade the other way (basically dont become bias on what you hear) Have a great weekend all
  • #19,125
  • Nov 15, 2014 4:13am Nov 15, 2014 4:13am
Quoting iaveight
{quote} I totally agree clock, I just find many use a 1 hour chart to predict what price is going to do, when a pair like gold at this moment in time is bouncing off of monthly levels and at its lowest point in years, just trying to show an hourly chart is not going to help much if the big picture is not in view or understanding why price bounced where it did, also that as the news and media become more and more bearish on gold thats usually a sign to trade the other way (basically dont become bias on what you hear) Have a great weekend all

Hello Mr iaveight can i make a small request here.can you please post your view more often on this page?I am really interested to read your analysis among with people like CT , FX Anil and others as well.If only thats not too much to ask.Thanks
  • #19,126
  • Nov 15, 2014 9:14am Nov 15, 2014 9:14am
Hi all,


did anyone agreed with my analysis?

It will either break 1181 and down again to 1130-1150 level or pull back 1210 and start a new bearish again.

Please reply me =D
Attached Image (click to enlarge)
Click to Enlarge Name: 1.PNG Size: 31 KB
  • #19,127
  • Edited Nov 16, 2014 4:07am Nov 15, 2014 10:23am | Edited Nov 16, 2014 4:07am
As I mentioned on Thursday price was capped by DMA-10 which when btoken up may test DMA-20. It did that on Friday, and now setting above DMA-20 with an eye on DMA-50 @ around 1212.

Some bullish signs (not a clear reversal though) are appearing :

  1. Increasing volume on up days.
  2. RSI > 50
  3. Confirmed break out of Triangle (after a false break down)
  4. Engulfing Daily Candle ...


My plan for next week is same as last week: Buy pullbacks.

Sorry : I am away from computer so I am attaching graph from mobile phone.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2014-11-15-19-12-35.png Size: 131 KB
No guts, no glory
  • #19,128
  • Nov 16, 2014 6:19am Nov 16, 2014 6:19am
Quoting abokwaik
As I mentioned on Thursday price was capped by DMA-10 which when btoken up may test DMA-20. It did that on Friday, and now setting above DMA-20 with an eye on DMA-50 @ around 1212. Some bullish signs (not a clear reversal though) are appearing : Increasing volume on up days. RSI > 50 Confirmed break out of Triangle (after a false break down) Engulfing Daily Candle ... My plan for next week is same as last week: Buy pullbacks. Sorry : I am away from computer so I am attaching graph from mobile phone. {image}
Hi abokwaik, congrats on the green double digits! Thats a great iphone app what is it called? Thanks!
  • #19,129
  • Nov 16, 2014 6:40am Nov 16, 2014 6:40am
Quoting griffinssoul
{quote} Hi abokwaik, congrats on the green double digits! Thats a great iphone app what is it called? Thanks!
Thanks. Its actually a Samsung Galaxy S3 (android). The application is MT4. Its free through Google Play.
No guts, no glory
  • #19,130
  • Edited 7:25am Nov 16, 2014 6:43am | Edited 7:25am
...Just a quick review before the trading W. All I can say is weird PA!... lol. Very hard to read as its a corrective type pattern... Switched to 4H as everything else looks messy. Ok, this W gold should show its hand... I hope. We are on the cusp of either a correction to the angle of decent or the completion of our 5-wave (extension) move down. The pivotal PA will be around the 1188 - notice the confluence around that price. I'm looking for a slow but jagged decent so brace, brace!
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 56 KB
  • #19,131
  • Nov 16, 2014 6:56am Nov 16, 2014 6:56am
My fib timezone combine with chart pattern. I think this is a small bullish in big bearish trend.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 184 KB
Trade at your own risk. Don't follow one's opinion.
  • #19,132
  • Nov 16, 2014 6:59am Nov 16, 2014 6:59am
Quoting abokwaik
{quote} Thanks. Its actually a Samsung Galaxy S3 (android). The application is MT4. Its free through Google Play.
...wow, thats so cool! It looks great.

You and Hollowhead both had to fight from extreme circumstances and are now back in business - this is the sign of a good trader!
  • #19,133
  • Nov 16, 2014 7:01am Nov 16, 2014 7:01am
Quoting Samsamall
My fib timezone combine with chart pattern. I think this is a small bullish in big bearish trend. {image}
  • #19,134
  • Nov 16, 2014 7:07am Nov 16, 2014 7:07am
One more post! This one is strange but I was almost shocked. One is 1 Minute, the other is Daily time frame. I was confused when looking at them!!! look very similar. Look at the date time and check back by yourself.

Daily
Attached Image (click to enlarge)
Click to Enlarge Name: Daily.jpg Size: 249 KB


1M
Attached Image (click to enlarge)
Click to Enlarge Name: M1.jpg Size: 317 KB
Trade at your own risk. Don't follow one's opinion.
  • #19,135
  • Nov 16, 2014 7:12am Nov 16, 2014 7:12am
Quoting Samsamall
One more post! This one is strange but I was almost shocked. One is 1 Minute, the other is Daily time frame. I was confused when looking at them!!! look very similar. Look at the date time and check back by yourself. Daily {image} 1M {image}
Hi Samsamall, this is the fractal (in the sense of Chaos Theory not B.William fractal pivots... lol) property of PA... If you change the 1M period to cover the daily then this structure will get wiped out by noise... Great observation by the way!
  • #19,136
  • Nov 16, 2014 7:17am Nov 16, 2014 7:17am
Quoting griffinssoul
{quote} Hi Samsamall, this is the fractal (in the sense of Chaos Theory not B.William fractal pivots... lol) property of PA... If you change the 1M period to cover the daily then this structure will get wiped out by noise... Great observation by the way!
Thank mate!
Trade at your own risk. Don't follow one's opinion.
  • #19,137
  • Nov 16, 2014 7:20am Nov 16, 2014 7:20am
Quoting Samsamall
{quote} Thank mate!
This also comes up in EWT - actually you could argue that Elliot really invented fractal theory and then it was discovered like in the 80's I think... But EWT assumes this structure is on all TF's. The only thing extra to this is that the 'noise' I believe has become 'louder' with the intro of computer trading [+Robots, perhaps, ...lol] etc. So, I guess it might be harder to see...?
  • #19,138
  • Nov 16, 2014 7:57am Nov 16, 2014 7:57am
Supporting analysis... when ever I come to cross roads with EWT [especially when dealing with consolidation] I always have a quick glance at Ichi[moku]... The 4H chart shows PA moving through the Kumo confirming consolidation with a Kumo break-out [a powerful trading signal], and a Kumo Twist, but not fully confirmed. If PA retraces and bounces off the Kumo [Senkou span B], followed by a TK-cross [which is kind of/almost occurring inside the Kumo - some traders say this is medium strength others say its neutral?] we might go long on the 4H. But Chikou span is currently in the Kumo - this is very important here because it can save you from a lot of false signals. This is cutting edge trading - walking on a knife edge. (fisrt chart.)

The D chart shows a possible Kijun bounce trade in progress and is supported by a possible change of polarity around the same level - amazing! PA is currenty b/w Kijun & Tenkan making it neutral PA but everything else is bearish. (Second chart.)
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Image1.png Size: 55 KB
Click to Enlarge Name: Image2.png Size: 57 KB
  • #19,139
  • Nov 16, 2014 10:20am Nov 16, 2014 10:20am
I think from this point on gold will be going to at least 3000$. That's the bigger picture I see and I believe that the gold bull market is not over, I think that the to this point that was just a pull back which was necessary for healthy bull market. Time horizons 2019-2021 for the target to be hit (3000$ per ounce).
Love the game, love the markets!
  • #19,140
  • Nov 16, 2014 11:31am Nov 16, 2014 11:31am
Quoting griffinssoul
Supporting analysis... when ever I come to cross roads with EWT [especially when dealing with consolidation] I always have a quick glance at Ichi[moku]... The 4H chart shows PA moving through the Kumo confirming consolidation with a Kumo break-out [a powerful trading signal], and a Kumo Twist, but not fully confirmed. If PA retraces and bounces off the Kumo [Senkou span B], followed by a TK-cross [which is kind of/almost occurring inside the Kumo - some traders say this is medium strength others say its neutral?] we might go long on the 4H. But...
This is a VERY thorough analysis. I have a a question and would appreciate your opinion....does the candle formation resemble a "shooting star" and would that be a bearish sign? BTW.. .... I entered short at the 1188 price on Friday...
I may not be right...BUT, I am never wrong
11 traders viewing now