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  • #19,501
  • Nov 24, 2014 12:30pm Nov 24, 2014 12:30pm
Quoting oladinpeter
Tight range on 4h waiting for a breakout. downside probably
I agree for break down in 4H.
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  • #19,502
  • Nov 24, 2014 2:19pm Nov 24, 2014 2:19pm
Quoting Kah
{quote} On November 30, Swiss nationals head to the polls on three separate issues: abolishing a flat tax on resident, non-working foreigners, an immigration cap, and a proposal on Swiss gold reserves. As Visual Capitalist notes, the one we are most interested in is the latter section of the ballot, and today’s infographic sums up everything you need to know about the upcoming Swiss gold referendum. The referendum, if passed, will mean that (1) The Swiss National...
I totally agree with you that 1,500 tons of GOLD to be purchased by SNB but it's seems unlikely. So my views are a bit bearish till this weekend. It will make or break CHF & Gold.

But, there are also other factors which can push gold price upward (or at least stabilize it):
1. Demand in India is rising again.
2. Mines are catching up production.
3. With EUR & JPY going back in to recession, Gold can benefit from it.
4. And GDP US data.
  • #19,503
  • Nov 24, 2014 2:49pm Nov 24, 2014 2:49pm
2 gaps on 15M in a row
Mining gold
  • #19,504
  • Nov 24, 2014 8:26pm Nov 24, 2014 8:26pm
Bias is still bullish in nearest term, but break above 1208 area is needed to trigger further bullish momentum targeting 1220 region.
Failed to do so and break below 1192 area should trigger bearish correction phase targeting at least 1175 region.
  • #19,505
  • Nov 25, 2014 3:03am Nov 25, 2014 3:03am
Price remains trapped in a range.. as visible in the charts....

Awaiting price to fall through SMA(555) on H1 for clear confirmation of Bear entry....
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Hello World!
  • #19,506
  • Nov 25, 2014 5:09am Nov 25, 2014 5:09am
common gold, make a breakout!!!! ...... i have been patience enough
  • #19,507
  • Nov 25, 2014 5:13am Nov 25, 2014 5:13am
Quoting hammadshahir
{quote} I totally agree with you that 1,500 tons of GOLD to be purchased by SNB but it's seems unlikely. So my views are a bit bearish till this weekend. It will make or break CHF & Gold. But, there are also other factors which can push gold price upward (or at least stabilize it): 1. Demand in India is rising again. 2. Mines are catching up production. 3. With EUR & JPY going back in to recession, Gold can benefit from it. 4. And GDP US data.
gold not going anywhere upside 1215 almost impossible
  • #19,508
  • Nov 25, 2014 5:39am Nov 25, 2014 5:39am
@Clocktrader and anyone else looking at futures roll effect on spot market... shorter answer IMO is no effect, any results you see will be monthly patterns. Like August, September, November, January, Feb is historically bullish for gold.

http://www.cmegroup.com/trading/meta...r_futures.html

GC expires 3rd last biz day of each month. Summer volume looks higher with the contract skips, that's all. This makes it easy to see..

Nov - 11/25
Dec - 12/29
Jan - 01/28
Feb - 02/25
March - no
April - 04/28
May - no
Jun - 06/26
Jul - no
Aug - 08/27
Sep - no
Oct - 10/28

And here's what i'm waiting for on gold....a break either way, probably up.

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  • #19,509
  • Nov 25, 2014 7:41am Nov 25, 2014 7:41am
Support in.. above SMA (555) on H1..

Trade Safe.. This support line needs to break decisively..
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Hello World!
  • #19,510
  • Nov 25, 2014 8:03am Nov 25, 2014 8:03am
hi CT which support line u talking about 1187 or 1170???
  • #19,511
  • Nov 25, 2014 8:11am Nov 25, 2014 8:11am
Quoting banker19
hi CT which support line u talking about 1187 or 1170???

  1. SMA (555) on H1
  2. and VVSA Quick bottom-out on M30 & H1 on this SMA

Whatever your direction, trade safe!

Hello World!
  • #19,512
  • Nov 25, 2014 8:17am Nov 25, 2014 8:17am
sma 555 rocks..still unbreakable..LoL
  • #19,513
  • Nov 25, 2014 8:34am Nov 25, 2014 8:34am
Experts is there any good entry in gold ?

I am tired loosing my head hurts
The master knows exactly the right time to do nothing.
  • #19,514
  • Nov 25, 2014 8:38am Nov 25, 2014 8:38am
Looks like the dollar is no longer reacting to positive economic news...
"Where you want to be is always in control, never wishing, always trading.
  • #19,515
  • Nov 25, 2014 8:40am Nov 25, 2014 8:40am
Quoting Au.trader
Experts is there any good entry in gold ? I am tired loosing my head hurts
it seems that they want to send it to 1215
immediately after each bearish candle ,there is a bullish!!!
  • #19,516
  • Nov 25, 2014 8:42am Nov 25, 2014 8:42am
Quoting Au.trader
Experts is there any good entry in gold ? I am tired loosing my head hurts
You can buy ANY TIME.
No guts, no glory
  • #19,517
  • Nov 25, 2014 8:42am Nov 25, 2014 8:42am
Quoting Arshamv
{quote} it seems that they want to send it to 1215 immediately after each bearish candle ,there is a bullish!!!

Yes this fight will be over next week then we will get a clear trend after the swiss referendum.
The master knows exactly the right time to do nothing.
  • #19,518
  • Nov 25, 2014 8:44am Nov 25, 2014 8:44am
Quoting abokwaik
{quote} You can buy ANY TIME.
Buying like there is no tomorrow ?

What if it go south why i should buy this anytime need explanation.
The master knows exactly the right time to do nothing.
  • #19,519
  • Nov 25, 2014 8:49am Nov 25, 2014 8:49am
Quoting Au.trader
{quote} Buying like there is no tomorrow ? What if it go south why i should buy this anytime need explanation.
You can check my weekly view posts on this thread for buying justification.

I never lost a Buying trade in GOLD this month. You asked and I gave you my advice, you can follow it or throw it away.

You're welcome.
No guts, no glory
  • #19,520
  • Nov 25, 2014 8:53am Nov 25, 2014 8:53am
Quoting mcgross
sma 555 rocks..still unbreakable..LoL
Yea, it is.. I love this SMA!

Bear in mind that IF price bottoms out on H1-SMA (555), you have to be very very careful with shorts.. ideal advise would be to hedge your green shorts OR go long with SL $5 away....
Hello World!
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