Only Gold!

Who will plan to short it, or happy weekend

Let's see how the rejection point at 1224, plays in today.

I will be more than glad to start building short positions from there.

Cheers,
KAH

i will go with short 1220 sl 1228

It's really a great week for me.. Perfect trades for this week..
See you all next week guys, have a nice weekend.. Green pips to all.. amen..

You can't expect NFP result to be the sole factor affecting gold. The result will have short term effect when it was first released only. Dowjones, dax and s&p500 are all in red today, they affect gold in certain way too. Besides, if you look at gold from technical analysis point of view, the chart is no longer in strong down trend. Instead, gold is in up trend at lower TF.

My sentiment on the basis of VVSA & seasons: Short on broad level (H4 / Daily)

Trade light / safe..

Thanks TN,

yeah you're right gold is in uptrend according to daily chart but it hasn't responded this way in the last few NFP news so I was just hoping to get some quick pips and caught in trap instead.

Regards

[quote=ClockTrader;7984133]My sentiment on the basis of VVSA & seasons: Short on broad level (H4 / Daily) Trade light / safe..[/quote
short with 1218 sl 1223

uj going down eu going up with this good data, it is really weird so gold is going up according to these pairs but it is normal.
my view is shorting gold for long term but these moves make me worry about each position i enter.

Patience is the key to survival in this era of mad and unpredictable PA.

I am still short from 1220 without a stop loss because I only see a limited upside and a firm rejection at 1224.

I would love to add more positions on its way South.

Cheers,
KAH

after stop out at 1217 (short was at 1180) three day ago, now i am flat . i want to short gold but watching for higher levels.
in your case with out stop loss i think 1260 is appropriate level to change our bias and got rid of shorts?

IMHO - I don't see the price escalating to those levels.

I would rather keep an eye on 1224 and 1225 area.

KAH

Weekly

4 hourly charts, looking to short when the buyers are showing weakness. Looking for a fadeout around 1234.5 or the higher 1249.25 price levels. I'm not expecting it to go up to 1293, but it might. I'm gonna wait to see what price does around the key levels and look at the volumes chart.

GOLD on target!

x target

Studying identical VVSA patterns in year 2014 first 3 months done, 9 months pending....

Identical Patterns being studied: VVSA____Algo_CB

The re-opening & possibly Monday is supposed to be jittery & spiky..
5-10 up/down is all that I could see through my VVSA____Algo_CB crystal :-)

Fingers crossed..

bullish..in short term

Bullish concerns are natural but - again on psychologically technical grounds, I would like to reiterate the PA movements on Friday.

If it was a bullish divergence then I expected the price to fly high and not just consolidate in the 1215 and 1220 for the whole of US session and close inching a little higher at 1222.50. This PA we are talking about where it got the whole week of supportive closings above 1200 psychological level, I suppose with those closings it could have done much better than what we saw yesterday after the NFP report.

Now, on the fundamental grounds, NFP report has been yet not fully interpreted, so for those who think it has been fully interpreted - No Sir, it is yet to be re-pronounced during the following Asian session and so on so forth. USDX pulled back not because it is now preparing to shed strength off it, just because it was a corrective move generated by bargain hunting of the Euro, even I scalped Euro as the price was too good to buy. But as I said just scalped else I see Euro and Dollar at a parity anytime soon.

Rate hike - with all the ingredients in hand anytime I see the FED cooking, so the news is still in the air that in April 2015 they might start raising the rates. So we have to have a provision for the impact to PA in Gold.

Altogether, I am still positive on my readings and would like to stick to my bearish views, the max PA attainment would be somewhere around 1226, only IF the bulls are ready to show their muscles to the bears - but unfortunately the chances are very rare as all the leading funds and financial institutions are very supportive to the USD and none is having any high expectations from Gold.

Yes, we all have our opinions and reading patterns - but as I always say, better not read to satisfy your decisions, good to read, read and read again before making a decision. Watch the level before jumping in, rather than jumping in and then gauging the level and justifying your jump.

Cheers,
KAH

Gold will down soon.