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Only Gold!

  • #21,761
  • Jan 22, 2015 12:31am Jan 22, 2015 12:31am
I smell blood... Could be an epic sell off today.
  • #21,762
  • Jan 22, 2015 12:33am Jan 22, 2015 12:33am
Bear take over.. Hoping down to 1274.84 today..
  • #21,763
  • Jan 22, 2015 12:33am Jan 22, 2015 12:33am
Once ECB QE is announced and Greek Elections are over then Gold will start its slow retreat south on the long term downward trend channel.
  • #21,764
  • Jan 22, 2015 12:43am Jan 22, 2015 12:43am
Quoting PariCovek
Once ECB QE is announced and Greek Elections are over then Gold will start its slow retreat south on the long term downward trend channel.
Yea, you maybe right for long term..

Quoting andySu
Wonder if SLs can be hunted, test short @1287.85 TP : 1281.75
Until London morning at least, nice resistance @ 1294
Hello World!
  • #21,765
  • Jan 22, 2015 12:56am Jan 22, 2015 12:56am
Wouldn't QE be good for gold? it's devaluing the euro...it will add value to the USD

QE should be very bullish for gold...I don't get it...
  • #21,766
  • Edited 1:41am Jan 22, 2015 12:56am | Edited 1:41am
same situation , for bkr\hold 1300 to test 1346 effectively need some supports towards 1238 , with breaks or support 1281\71/55 all ok. lets see .
fontu
picture old I could not able post before . twee solve it by seconds , browser issue , thanks twee.
Attached Image (click to enlarge)
Click to Enlarge Name: GOLDDaily.png Size: 45 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #21,767
  • Jan 22, 2015 12:58am Jan 22, 2015 12:58am
M15 chart, nice bounce off support, I'm going to bed

https://www.tradingview.com/x/JvPot5i1/
  • #21,768
  • Edited 1:46am Jan 22, 2015 1:01am | Edited 1:46am
Quoting Stockman
M15 chart, nice bounce off support, I'm going to bed https://www.tradingview.com/x/JvPot5i1/
may for only to 1288\90 before dwn start , yes go bed is better without it to take .
fontu
Attached Image (click to enlarge)
Click to Enlarge Name: GOLDM15.png Size: 34 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #21,769
  • Jan 22, 2015 2:06am Jan 22, 2015 2:06am
Quoting Stockman
Wouldn't QE be good for gold? it's devaluing the euro...it will add value to the USD QE should be very bullish for gold...I don't get it...
there is a uncertainty in the market that made gold rally. one of the reasons was snb changing its condition with euro zone. other one is the condition of the euro. people got afraid of money and bought commodities. Now if ecb gets bullish, we just might see a decline in gold prices. in times of uncertainty people stick to commodities, since crude is not an option people got only one choice
  • #21,770
  • Jan 22, 2015 2:14am Jan 22, 2015 2:14am
Quoting ClockTrader
{quote} Yea, you maybe right for long term.. {quote} Until London morning at least, nice resistance @ 1294

I am out at 1285.65. This retreat down is taking too slow. Things may just go sideways till ECB announcement. Till then, if there is a surprise move upside, it is the short that will be caught off guard... Will be playing it safe. Always got another day, another opportunity.
  • #21,771
  • Jan 22, 2015 2:41am Jan 22, 2015 2:41am
I hope we have no one here buying Gold today..
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDH1.png Size: 37 KB
  • #21,772
  • Jan 22, 2015 2:45am Jan 22, 2015 2:45am
Gold break out from long term trend is around USD1328/oz. If it fails to meet this before Greek Elections, then get ready for a slow retreat.

Gold prices tend to go down slower than they go up in my opinion.

Gold retreats when there is a return to confidence in equities, realty, and importantly the banking system. With all the cheap credit around, I think this will occur over the next 12 months. US equities are just going north of fair value (PE ratio 19), so I think there is another wave of price growth and gold will retreat a little before another spurt in 12 months time is my best guess. The years ending with "5" each decade tend to be the best years on US equities.
  • #21,773
  • Jan 22, 2015 2:47am Jan 22, 2015 2:47am
Quoting Feela
I hope we have no one here buying Gold today.. {image}
The pace down is not quite right... Price may go up before coming down..
  • #21,774
  • Jan 22, 2015 3:50am Jan 22, 2015 3:50am
Quoting fontu
same situation , for bkr\hold 1300 to test 1346 effectively need some supports towards 1238 , with breaks or support 1281\71/55 all ok. lets see . fontu picture old I could not able post before . twee solve it by seconds , browser issue , thanks twee. {image}
This is not supposed to fall freely & suddenly out of the air.. looks bearish though.. but not like a $100 fall.. ahead..

After the hot data ahead.. it may fall further BUT, I do expect a huge bounce.. maybe tomorrow.. IF that occurs, I would happy to test shorts from a peak-out..

Badly seek a peakout on H1-H4..
Hello World!
  • #21,775
  • Jan 22, 2015 4:12am Jan 22, 2015 4:12am
http://www.forexfactory.com/showthre...65#post8014465

GOLD 15M Chart:
Cheers, U2
Wait, or you will be slaughtered!
  • #21,776
  • Jan 22, 2015 4:15am Jan 22, 2015 4:15am
Quoting ClockTrader
{quote} This is not supposed to fall freely & suddenly out of the air.. looks bearish though.. but not like a $100 fall.. ahead.. After the hot data ahead.. it may fall further BUT, I do expect a huge bounce.. maybe tomorrow.. IF that occurs, I would happy to test shorts from a peak-out.. Badly seek a peakout on H1-H4..
What hot data are you expecting?
  • #21,777
  • Jan 22, 2015 4:25am Jan 22, 2015 4:25am
Quoting Uturn2
http://www.forexfactory.com/showthre...65#post8014465 GOLD 15M Chart: Cheers, U2
http://www.forexfactory.com/showthre...11#post8014511

Chart Update:
Cheers, U2
Wait, or you will be slaughtered!
  • #21,778
  • Jan 22, 2015 4:27am Jan 22, 2015 4:27am
Quoting PariCovek
{quote} What hot data are you expecting?

So hot that price just sideways since London opens..
  • #21,779
  • Jan 22, 2015 5:05am Jan 22, 2015 5:05am
Quoting Uturn2
{quote} http://www.forexfactory.com/showthre...11#post8014511 Chart Update: Cheers, U2
hey mate,

Posting a link to your other posts on this thread is fine once in a while, but, you can't do this over & over again.. every now & then..
Hello World!
  • #21,780
  • Jan 22, 2015 5:08am Jan 22, 2015 5:08am
Quoting PariCovek
{quote} What hot data are you expecting?
ECB etc.. Hope some volatility in the South, IF so, I would like to test longs.. tomorrow..
Hello World!
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