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  • #20,541
  • Dec 12, 2014 3:38am Dec 12, 2014 3:38am
Nice peak-out on M15, but its not clean & clear.. too confusing.. I'll wait & see how NY morning turns out..

Would love to short from a peakout around 12 pm NY IF I can find one..
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Hello World!
  • #20,542
  • Dec 12, 2014 3:40am Dec 12, 2014 3:40am
Quoting rafat habeb
WAS buying gold since 1dec but i think its time to sell now (for me) sell @ 1228 tp 1211 and good luck all mates
Are you trading in PMEX?
  • #20,543
  • Dec 12, 2014 3:42am Dec 12, 2014 3:42am
Good morning all,

Greek crisis is certainly a factor driving the price of gold, along with a general uncertainty and some investment shifts. I believe we will see 1265 very soon and then we will be able to take it from there to discuss further gains or retracement.
"Bulls make money, bears make money, pigs get slaughtered"
  • #20,544
  • Dec 12, 2014 4:19am Dec 12, 2014 4:19am
I think gold is ranging now. Didn't see any clear direction now, rather stay out of gold as this isn't the risk i would like to take. Nevertheless, i'm bearish on gold
  • #20,545
  • Dec 12, 2014 5:26am Dec 12, 2014 5:26am
The Oil markets must be a clue as to the future direction - long term of Gold. The problem for us to solve, is how? http://www.bloomberg.com/news/2014-1...ket-share.html
  • #20,546
  • Dec 12, 2014 5:38am Dec 12, 2014 5:38am
If you look at the two charts attached - there is a clear price action : Long Signal, yesterday. These two charts are from Brokers with different closing times. The Chart with the Grey Background is from a New York Close Broker, generally I find New York Close charts more reliable.
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  • #20,547
  • Dec 12, 2014 6:14am Dec 12, 2014 6:14am
  •  Kah
  • | Joined Jun 2012 | Status: Patience is the Key to Success! | 150 Posts
Yesterday was a tricky day. But the resistance at 1225 is still intact, tried breaching it several times but ended up settling below the key resistance level, as shown in the graph on both M30 and H1, but H4 confirmation is still awaited which is lying somewhere around 1212.

My downside targets would be 1208 and 1200 initially.

View is still bearish.

Cheers,
KAH
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  • #20,548
  • Dec 12, 2014 6:50am Dec 12, 2014 6:50am
Quoting Kah
Yesterday was a tricky day. But the resistance at 1225 is still intact, tried breaching it several times but ended up settling below the key resistance level, as shown in the graph on both M30 and H1, but H4 confirmation is still awaited which is lying somewhere around 1212. My downside targets would be 1208 and 1200 initially. View is still bearish. Cheers, KAH {image} {image} {image}
not sure - people could be moving away from oil and into Gold.
  • #20,549
  • Dec 12, 2014 6:55am Dec 12, 2014 6:55am
Iam considering LONG : 0.01 lot : Stop Loss : 1129 : Buy in further based on Price Action on 4 HR Chart.
  • #20,550
  • Dec 12, 2014 6:55am Dec 12, 2014 6:55am
Quoting Kah
Yesterday was a tricky day. But the resistance at 1225 is still intact, tried breaching it several times but ended up settling below the key resistance level, as shown in the graph on both M30 and H1, but H4 confirmation is still awaited which is lying somewhere around 1212. My downside targets would be 1208 and 1200 initially. View is still bearish. Cheers, KAH {image} {image} {image}
My view as well. With U.S. Congress seemingly caving and taking shutdown off the table, gold prices should ease....though I wonder if as Clock Trader suggests, traders are hedging other commodities by buying gold?

I have 1 low risk gold short open...
"The market can remain irrational longer than you can remain solvent"
  • #20,551
  • Dec 12, 2014 6:57am Dec 12, 2014 6:57am
anton.olff : can you hedge for a while? Or are you in USA?
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  • #20,552
  • Dec 12, 2014 7:46am Dec 12, 2014 7:46am
Quoting golden-eye
anton.olff : can you hedge for a while? Or are you in USA? {image}

I can hedge....
"The market can remain irrational longer than you can remain solvent"
  • #20,553
  • Dec 12, 2014 8:11am Dec 12, 2014 8:11am
Quoting letscry
trend line from 1150 holding the prices i think, we need a clear break of it. {image}
we r testing the trendline again, lets see if we can open a new m15 or m30 bar under it. 1220.
  • #20,554
  • Dec 12, 2014 8:15am Dec 12, 2014 8:15am
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looks like it wants short ,but supports are there , 1 buy the dip or chance sell the break down
  • #20,555
  • Dec 12, 2014 8:50am Dec 12, 2014 8:50am
Quoting Razi89
{quote} Are you trading in PMEX?
hello dear, i have many live acount, but mostly i trade with hotforex and analyzes
Let me fill my acount wallet then will take Ur advice
  • #20,556
  • Dec 12, 2014 9:04am Dec 12, 2014 9:04am
Right before Consumer Confidence, I opened some new shorts. Have a rather tight stop, but looking to see if PA breaks through 1215...
"The market can remain irrational longer than you can remain solvent"
  • #20,557
  • Dec 12, 2014 9:07am Dec 12, 2014 9:07am
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The 'Big Dipper' seems to have finally shown up, I hope it's worth the wait.
Less is more...
  • #20,558
  • Dec 12, 2014 9:37am Dec 12, 2014 9:37am
Quoting ajantala
{image} The 'Big Dipper' seems to have finally shown up, I hope it's worth the wait.

Market looks to be stuck in tight range....so not holding my breath for any breakout to the downside. Indeed, we could see reversal and price action back up in the 1220-1230 range at the end of the day.
"The market can remain irrational longer than you can remain solvent"
  • #20,559
  • Dec 12, 2014 10:01am Dec 12, 2014 10:01am
Quoting anton.olff
{quote} Market looks to be stuck in tight range....so not holding my breath for any breakout to the downside. Indeed, we could see reversal and price action back up in the 1220-1230 range at the end of the day.
My risk appetite has been low.. wish to grab a peak-out.. somewhere on the top.. its not been easy..

In the past few days.. made some.. lost some.. nothing juicy.. will continue to wait for a peak-out.. don't mind placing SL 10 - 20 $s away.. for a test to begin with..
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Hello World!
  • #20,560
  • Dec 12, 2014 10:23am Dec 12, 2014 10:23am
  •  Kah
  • | Joined Jun 2012 | Status: Patience is the Key to Success! | 150 Posts
Have a good weekend guys, technically and fundamentally we have a bearish setup however PA is not respecting that so I am still holding my positions and would see next week, what it takes to sort it out. This was a boring week.

Have a great weekend.

Cheers,
KAH
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