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  • #21,001
  • Jan 2, 2015 9:50am Jan 2, 2015 9:50am
Quoting anton.olff
{quote} Could be very light today during NY session. I expect fireworks next week.
Leaving test shorts open.. expecting price-fall next week.. (Contract expiry taking place in IN on Jan-05)

Wish you all a clean & green weekend ahead..
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Hello World!
  • #21,002
  • Jan 2, 2015 10:01am Jan 2, 2015 10:01am
Quoting ClockTrader
{quote} Leaving test shorts open.. expecting price-fall next week.. (Contract expiry taking place in IN on Jan-05) Wish you all a clean & green weekend ahead.. {image}
BADLY WANTED A PEAK_OUT today.. that is the reason I was attempting longs earlier.. GLAD I exited most longs @ 1286 (as said earlier)... PA was too tricky to handle..

Now with this peak-out, my speculation of price-fall ahead i.e. early next week on Jan-05 fits right..

Trade Light, Trade Safe!
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Hello World!
  • #21,003
  • Jan 2, 2015 10:35am Jan 2, 2015 10:35am
lol both gold and wti turned back hard, whonder if we can go under 1185 again, wasnt expecting this move really.
  • #21,004
  • Jan 2, 2015 11:46am Jan 2, 2015 11:46am
Short WTI took my account today. very unexpected move first day of the year..... XAUUSD also had an unexpected move. Hlding for couple of days on these two pair.
  • #21,005
  • Edited Jan 3, 2015 12:00am Jan 2, 2015 10:05pm | Edited Jan 3, 2015 12:00am
Quoting JaleesHacker
Short WTI took my account today. very unexpected move first day of the year..... XAUUSD also had an unexpected move. Hlding for couple of days on these two pair.
Not sure how long you've been in this biz.. but, your first goal should be to able to survive in these markets..

IF you can survive, you can make money

IF you can make money, you can also make killing

Even after almost a decade long experience.. when I find missing links in my Au-Analytics, I feel like NOW I know how it works.. BUT, as it turns out.. its a long way to go.. not too far though..
Hello World!
  • #21,006
  • Jan 3, 2015 12:55am Jan 3, 2015 12:55am
hi dear gold miners
any analysis on next week open price? will it be hitting 1200. first to drop back down?
what is your view? any level to watch? it is quite tricky to me as if it breaks 119X it might have the potential to trace back up.

otherwise it should continue downtrend.

whts ur view?? will it be testing 1200 ?
  • #21,007
  • Jan 3, 2015 1:10am Jan 3, 2015 1:10am
I don't think 1200 is needed to be tested. If you look at daily chart. Gold has broken 1200 many times but they are all false break up. In my opinion, the real break up happens only if gold can stay above 1220 firmly. Then you can consider for a trend call.
  • #21,008
  • Jan 3, 2015 6:02am Jan 3, 2015 6:02am
Quoting wendyqq
hi dear gold miners any analysis on next week open price? will it be hitting 1200. first to drop back down? what is your view? any level to watch? it is quite tricky to me as if it breaks 119X it might have the potential to trace back up. otherwise it should continue downtrend. whts ur view?? will it be testing 1200 ?
I think we have a sideway ( 1207 to 1170 ) any breaking to the resestance @ 1207 and close above will open the way to 1240 in principle.And any breaking to 1170 and close bellow will open the way to 1130 in principle.
  • #21,009
  • Jan 3, 2015 6:13am Jan 3, 2015 6:13am
Quoting TotallNewbie
I don't think 1200 is needed to be tested. If you look at daily chart. Gold has broken 1200 many times but they are all false break up. In my opinion, the real break up happens only if gold can stay above 1220 firmly. Then you can consider for a trend call.


Personally I think price may move up a little bit, but surprise move may come very soon from what I anticipate from my volume chart.
The only winner is the one who survive the longest...
  • #21,010
  • Jan 3, 2015 6:16am Jan 3, 2015 6:16am
Quoting ClockTrader
{quote} Leaving test shorts open.. expecting price-fall next week.. (Contractexpiry taking place in IN on Jan-05) Wish you all a clean & green weekend ahead.. {image}
I agree that the retracing movement from 1170 to 1194 wase because of closing all the sell contract at the end of 2014 an the beginning of 2015 ...the gold price wil resume its downtrend..regardind the support s at 1170 and 1130
  • #21,011
  • Jan 3, 2015 7:29am Jan 3, 2015 7:29am
Quoting kinspk
{quote} Personally I think price may move up a little bit, but surprise move may come very soon from what I anticipate from my volume chart.
How does gap-down opening sound like? Maybe I'm asking for a lot.. BUT, I do expect decline in price after re-opening..

I seek a price-climb, but, there has to be clean Bottom-out first.. Right now we are sitting on top of peak-out IMO.
Hello World!
  • #21,012
  • Jan 3, 2015 8:24am Jan 3, 2015 8:24am
Quoting ClockTrader
{quote} How does gap-down opening sound like? Maybe I'm asking for a lot.. BUT, I do expect decline in price after re-opening.. I seek a price-climb, but, there has to be clean Bottom-out first.. Right now we are sitting on top of peak-out IMO.
I agree.buy on dips the way to go!
  • #21,013
  • Jan 3, 2015 1:40pm Jan 3, 2015 1:40pm
A thought on GOLD

GC closed the year above the benchmark support @ 1178.7 /

to me that is a very positive news event for the GOLD in 2015!

as a position trader, this past week has provided a BUY signal,

....i'll be looking for another BUY signal come Monday, overall target for January would be @ 1280.7

And the price geometry has provided a left wing on this Golden Dragon

P.S.

1207.6 is the 1st price resistance that will have to be taken out /
1239.0 is the 2nd price resistance that will have to be taken out in order to reach that January end goal of 1280.7

anything is possible

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Happy Trading in 2015
  • #21,014
  • Jan 4, 2015 10:08am Jan 4, 2015 10:08am
Quoting pipskidnapper
{quote} I think we have a sideway ( 1207 to 1170 ) any breaking to the resestance @ 1207 and close above will open the way to 1240 in principle.And any breaking to 1170 and close bellow will open the way to 1130 in principle.
thankss!! gonna see it happen in few hours time.
  • #21,015
  • Jan 4, 2015 5:20pm Jan 4, 2015 5:20pm
under 1190 we r short it seems, have a nice week all.
  • #21,016
  • Jan 4, 2015 6:08pm Jan 4, 2015 6:08pm
Quoting ClockTrader
{quote} How does gap-down opening sound like? Maybe I'm asking for a lot.. BUT, I do expect decline in price after re-opening.. I seek a price-climb, but, there has to be clean Bottom-out first.. Right now we are sitting on top of peak-out IMO.
I couldn't have been more right.. Could I?
Hello World!
  • #21,017
  • Jan 4, 2015 7:09pm Jan 4, 2015 7:09pm
Quoting ClockTrader
{quote} I couldn't have been more right.. Could I?
May I ask please what target you are looking for now?
  • #21,018
  • Jan 4, 2015 8:59pm Jan 4, 2015 8:59pm
Is this bottom cleared nw?
  • #21,019
  • Edited 11:55pm Jan 4, 2015 9:05pm | Edited 11:55pm
Monthly chart from the November 2014 candle December candler higher high higher low. Current candle higher low closed gap down and bounced off November open .( Pivot). Gold should be up this month 126x.
  • #21,020
  • Jan 4, 2015 9:20pm Jan 4, 2015 9:20pm
Quoting ward133
{quote} May I ask please what target you are looking for now?
A Peak-out on M15 would be nice.. IF that can occur by early London morning, that would fit nicely in my analysis..
Hello World!
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