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Only Gold!

  • #21,301
  • Jan 13, 2015 9:04am Jan 13, 2015 9:04am
Don't want to jinx it, but has it begun?

Edit: I know I got excited, we still have a long way to go before calling it what I think it is.
Luck shines on the positive.
  • #21,302
  • Jan 13, 2015 9:08am Jan 13, 2015 9:08am
Quoting Kah
Bro, I am not a pro but I am sure these tops are not sustainable over the longer term. Even 1260 sounds unrealistic to me but if it happens, I would be the first one to shoot a short and start building positions and get ready for the descend. KAH
Maybe it never goes above 124x, we never know..

IMO, wherever the top, it should be clear by early next week.. The expiry has to have its bearish effects.
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  • #21,303
  • Jan 13, 2015 10:01am Jan 13, 2015 10:01am
Quoting ClockTrader
{quote} Maybe it never goes above 124x, we never know.. IMO, wherever the top, it should be clear by early next week.. The expiry has to have its bearish effects.
i don't think "never"
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  • #21,304
  • Jan 13, 2015 10:05am Jan 13, 2015 10:05am
Quoting CuddlesK
{quote} i don't think "never" {image}
From never I meant we never know 100%

Your chart only shows some lines & you can possibly draw some speculation on the basis of same.. I can't figure out what you know.. Please share what you exactly know.. what exactly will happen tomorrow or next week/month/year?
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  • #21,305
  • Jan 13, 2015 10:27am Jan 13, 2015 10:27am
Quoting Kah
Bro, I am not a pro but I am sure these tops are not sustainable over the longer term. Even 1260 sounds unrealistic to me but if it happens, I would be the first one to shoot a short and start building positions and get ready for the descend. KAH
Oh, with this super obvious manipulation it'll probably get there. I mean gold should not be up today, yet it is once again. Every time it's pushed down it's immediately sent back up and goes higher. Those are obvious signs of manipulation.
  • #21,306
  • Jan 13, 2015 10:29am Jan 13, 2015 10:29am
IMO,in the long run,gold price is gonna make a big reversal.
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  • #21,307
  • Jan 13, 2015 10:32am Jan 13, 2015 10:32am
Quoting justin8910
IMO,in the long run,gold price is gonna make a big reversal. {image}

What do base this on? I think we could indeed see a rise to 1288 and possibly a bit higher if additional stimulus/QE is added by ECB, but the party might just end a bit closer to 2nd QTR as U.S. Fed clarifies it's position on interest rate increase.
"The market can remain irrational longer than you can remain solvent"
  • #21,308
  • Jan 13, 2015 10:41am Jan 13, 2015 10:41am
  •  Kah
  • | Joined Jun 2012 | Status: Patience is the Key to Success! | 150 Posts
IMHO - this area is a key are and this particular move at this time.of the day was the last try of.the manipulators to.hunt some stops. I am getting a little more comfortable with my shorts. Let's wait and watch, all I know is that patience will be paid.off.

Cheers,
KAH
  • #21,309
  • Jan 13, 2015 10:46am Jan 13, 2015 10:46am
Well all the mystery behind GOLD's rise might just be MMs pricing in ECB's QE and preparing for the drop. Just saying.
Luck shines on the positive.
  • #21,310
  • Jan 13, 2015 10:46am Jan 13, 2015 10:46am
This last move up to 1240 was a peak-out..
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  • #21,311
  • Jan 13, 2015 10:50am Jan 13, 2015 10:50am
Quoting YvetteTeo
Well all the mystery behind GOLD's rise might just be MMs pricing in ECB's QE and preparing for the drop. Just saying.
Yes, it's the only thing I can think of. But QE by ECB is negative for gold. It will lead to further strength in stock markets and stronger dollar. We all saw how well the last time Gold's parabolic rally on dollar strength worked out.
  • #21,312
  • Jan 13, 2015 10:52am Jan 13, 2015 10:52am
Quoting Ck87
{quote} Oh, with this super obvious manipulation it'll probably get there. I mean gold should not be up today, yet it is once again. Every time it's pushed down it's immediately sent back up and goes higher. Those are obvious signs of manipulation.
Instead of sharing any kind of valuable info or analysis, all that you say is "Manipulation", you mention this in every post of yours, my friend can you think beyond that?

Now think like this.. shitloads of sell stops @ 1230-32 whose SL was @ 1240.. Do you have any idea how many tons of Gold gets traded every minute? How many SLs? They all need to be hit otherwise this system will crash..

IF you can't trade safely.. don't do it..

PA works like this.. if this is how it is, be it.. adjust & adapt..
Hello World!
  • #21,313
  • Jan 13, 2015 11:05am Jan 13, 2015 11:05am
Chill fellas, we're all managing stress levels here.

Both of you have been insightful most times and that is why I started contributing here too.

Anyways, we are seeing on 15mins chart lower highs and lower lows, lets see that validating the downtrend continuation.
Luck shines on the positive.
  • #21,314
  • Jan 13, 2015 11:10am Jan 13, 2015 11:10am
Quoting ClockTrader
{quote} Instead of sharing any kind of valuable info or analysis, all that you say is "Manipulation", you mention this in every post of yours, my friend can you think beyond that? Now think like this.. shitloads of sell stops @ 1230-32 whose SL was @ 1240.. Do you have any idea how many tons of Gold gets traded every minute? How many SLs? They all need to be hit otherwise this system will crash.. IF you can't trade safely.. don't do it.. PA works like this.. if this is how it is, be it.. adjust & adapt..
SL's needing to be hit or system will crash is an absurd statement IMO. Anyway, you're right about most things you say. Good trading all.
  • #21,315
  • Jan 13, 2015 11:23am Jan 13, 2015 11:23am
XAU/USD has broken above a slew of key resistance levels over the past 24 hours including the 1x1 Gann angle line from the 2012 high, a trendline connecting the October and December highs and the December high itself. The trendline break is perhaps the most significant as it could also be interpreted as the neckline of a multi-month inverse head & shoulders pattern which sets the stage for a period of greater strength in the metal. From a currency trading perspective we can’t help but wonder if this strength in Gold is an early warning sign for the USD in general and suggestive of a looming counter-trend move? So far our fears on the extended nature of the dollar trend have been unfounded, but the conditions for a decent correction remain firmly in place. As for XAU, a Gann level at 1244 is the next big pivot on the upside with traction above needed to prompt another important push higher. Weakness under 1205 would cause concern, but only weakness under 1166 would turn the technical picture outright negative again

this is what i was saying earlier - professionals know the dollar rise has to come to an end and one big bit of bad news and youll see a mini crash in indices and down in dollar - so i think rise in gold could be first signs of movement against dollar
  • #21,316
  • Jan 13, 2015 11:28am Jan 13, 2015 11:28am
Here is what I think..

A very simple reason.. why Gold is at highs in Jan...

30 yr. trend says the same too..

Plz be informed Gold has been bearish lately.. (last few yrs.) I'm biased towards the bearish side of Golden Seasons..



Quoting Waitnsee
XAU/USD has broken above a slew of key resistance levels over the past 24 hours including the 1x1 Gann angle line from the 2012 high, a trendline connecting the October and December highs and the December high itself. The trendline break is perhaps the most significant as it could also be interpreted as the neckline of a multi-month inverse head & shoulders pattern which sets the stage for a period of greater strength in the metal. From a currency trading perspective we can’t help but wonder if this...
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  • #21,317
  • Jan 13, 2015 11:30am Jan 13, 2015 11:30am
@clocktrader - how is the holly grail working in real time ?
  • #21,318
  • Jan 13, 2015 11:47am Jan 13, 2015 11:47am
Quoting bradu
@clocktrader - how is the holly grail working in real time ?
Too exhausting.. need to test at least half of $5 - 10+ moves of past 5-10 yrs..
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  • #21,319
  • Jan 13, 2015 11:48am Jan 13, 2015 11:48am
Quoting ClockTrader
{quote} Too exhausting.. need to test at least half of $5 - 10+ moves of past 5-10 yrs..
on multiple pairs..

I feel like I'm fainting..
Hello World!
  • #21,320
  • Jan 13, 2015 11:50am Jan 13, 2015 11:50am
Quoting ClockTrader
{quote} on multiple pairs.. I feel like I'm fainting..
oh...i tought you trade only gold, and of course test exclusivelly on it.
anyway, i hope you will come back with good results
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