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  • #20,621
  • Dec 16, 2014 3:53am Dec 16, 2014 3:53am
I increased my position a few minutes ago, before the sharp increase - I will look for more opportunities on the 1h and 4h.
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  • #20,622
  • Dec 16, 2014 4:12am Dec 16, 2014 4:12am
1200 was a good resistance, it seems it börke it, but it can make yesterdays move again,under 1205 we r stil lshort according to me.
  • #20,623
  • Dec 16, 2014 4:24am Dec 16, 2014 4:24am
Daily trend line is at 1205.
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  • #20,624
  • Dec 16, 2014 5:31am Dec 16, 2014 5:31am
S&P and Dollar Index are down - I imagine in anticipation of upcoming News Release at 1330HRS GMT : CAD & USD : http://www.forexfactory.com/#detail=52721
  • #20,625
  • Dec 16, 2014 5:53am Dec 16, 2014 5:53am
Quoting letscry
1200 was a good resistance, it seems it börke it, but it can make yesterdays move again,under 1205 we r stil lshort according to me.
1200 was a round resistance. 1205 was a better S&R line. Lets see if the day candle can close below or above this line.
The true fact is market doesn't care, risk mgt is important.
  • #20,626
  • Dec 16, 2014 6:20am Dec 16, 2014 6:20am
well they r all broken
  • #20,627
  • Dec 16, 2014 6:25am Dec 16, 2014 6:25am
eh traders - massive market fears, rubel falls sharply, oil going down like a boat sinking, dollar losing ground, isnt this the condition that would normally see a run to safe gold

why the predicitons of down turns in this climate, the us must of woken up scared and went straight to gold
  • #20,628
  • Dec 16, 2014 6:57am Dec 16, 2014 6:57am
strong indication of possible reversal nearly completed on NYC close chart - consider partial close
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  • #20,629
  • Dec 16, 2014 7:18am Dec 16, 2014 7:18am
seems like we touched second Daily trend line whıch is 1224-1225 area, now we have to break 1205 at downside to go down.
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  • #20,630
  • Dec 16, 2014 7:27am Dec 16, 2014 7:27am
Does anyone have an idea about what's could happen by the end of the day with gold ?
  • #20,631
  • Dec 16, 2014 7:42am Dec 16, 2014 7:42am
Quoting sutz
Does anyone have an idea about what's could happen by the end of the day with gold ?
I closed my gold shorts yesterday in profit, and thought myself fortunate to get out as the ruble and oil crashes pushed gold back up. Caution is my watch word now, especially with Fed meeting tomorrow.
"The market can remain irrational longer than you can remain solvent"
  • #20,632
  • Dec 16, 2014 7:56am Dec 16, 2014 7:56am
Quoting anton.olff
{quote} I closed my gold shorts yesterday in profit, and thought myself fortunate to get out as the ruble and oil crashes pushed gold back up. Caution is my watch word now, especially with Fed meeting tomorrow.
Problem is i am long from 1215.30, dont know if i should still hold to it, starting to wonder if it is still a bullish trend
  • #20,633
  • Dec 16, 2014 7:58am Dec 16, 2014 7:58am
Quoting sutz
{quote} Problem is i am long from 1215.30, dont know if i should still hold to it, starting to wonder if it is still a bullish trend
Well. I am still looking at the 1205 S&R to see if the day candle close above or below this level. Nevertheless, the long wick tells you something ...... that the bears are still around and strong.
The true fact is market doesn't care, risk mgt is important.
  • #20,634
  • Dec 16, 2014 8:08am Dec 16, 2014 8:08am
Hello, everyone!

I'm new in forex market, but I wonder what happened on Gold today?

the price went to the highest to 1223.28 after deflation of ruble, but the price went down dramatically to around 1207?

The price is So changeable...

and do you think it's possible to go up again? And why?

thank u for your answering!
  • #20,635
  • Dec 16, 2014 8:24am Dec 16, 2014 8:24am
should be 1233 area,anyway i am a buyer for gold not seller
Let me fill my acount wallet then will take Ur advice
  • #20,636
  • Dec 16, 2014 8:44am Dec 16, 2014 8:44am
havent seen fights at any paris for a long time kike this, before fomc all ways are possible it seems.
  • #20,637
  • Dec 16, 2014 8:49am Dec 16, 2014 8:49am
I Have just closed all Long positions. I can always re-enter the market when I am more confident of trajectory.
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  • #20,638
  • Dec 16, 2014 9:00am Dec 16, 2014 9:00am
Just cleaned my slate.. Peak-out & we just had a bottom-out..

need time to figure out whats going on.. Profits acquired timely.. happy with greenery .. not much.. but, glad didn't lose but made.
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Hello World!
  • #20,639
  • Dec 16, 2014 9:05am Dec 16, 2014 9:05am
Quoting ClockTrader
Just cleaned my slate.. Peak-out & we just had a bottom-out.. need time to figure out whats going on.. Profits acquired timely.. happy with greenery .. not much.. but, glad didn't lose but made. {image} {image}
Next Asian session might throw some light.. alternatively.. maybe we can have some cues by 12 pm NY.. Fingers crossed.. sitting with a clean slate.. waiting for conviction..
Hello World!
  • #20,640
  • Dec 16, 2014 9:13am Dec 16, 2014 9:13am
can't complain today :-): managed to pick almost exact bottom and reached my target of 1210 ... standing on the sidelines for now though since I missed the short at 1217 not being behind the screen ... lesson to self: patience is a virtue
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