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  • #21,821
  • Jan 22, 2015 12:03pm Jan 22, 2015 12:03pm
Quoting EatPIPs
Reloading longs on next pullback setup. Looking for 1315-1320 by tomorrow.
Bought at 1300 - should be the retrace now between here and 1298
To live a successful life, we must lose our fear of being wrong
  • #21,822
  • Jan 22, 2015 1:44pm Jan 22, 2015 1:44pm
Just some fundamentals for you guys. Always remember fundamentals can be ignored for a while, eventually they come to life though. Ok... So euro weakness= dollar strength .. dollar strength = bad for gold. Euro devaluation= good for stock markets. Stock markets going up= bad for gold. If one wanted to buy gold, it should be done vs the euro via XAU/EUR. XAU/USD will be punished sooner or later, but like I said fundamentals can be ignored for quite a while. Just look at eur/usd last year as it marched to 1.4 , consistently went higher and higher and I was sitting there scratching my head wondering when the true fundamentals would come to play-- well now look at the euro, 20% lower, fundamentals in play. Good luck.
  • #21,823
  • Jan 22, 2015 2:07pm Jan 22, 2015 2:07pm
Hello Gold trader, I have always followed this thread and am interested and I've tried to follow technical trading! so here is the picture you can see what I think this could turn down then we will see what will happen tomorrow because the US dollar is the intensity up then gold should dive down instead!
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  • #21,824
  • Jan 22, 2015 7:07pm Jan 22, 2015 7:07pm
GOLD 2H Chart:
Projected Top:
$1323 to $1330?

Cheers, U2
Attached Image (click to enlarge)
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Wait, or you will be slaughtered!
  • #21,825
  • Jan 22, 2015 7:17pm Jan 22, 2015 7:17pm
Hi All... Will it go down????
I'm holding 2 sells..
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  • #21,826
  • Jan 22, 2015 7:38pm Jan 22, 2015 7:38pm
Quoting andySu
peak out on M15 taking test short at 1290 TP: 1285
Humbled by Price action, can never underestimate market....

Like Ck87 said, fundamentals will eventually come into play, but overtime it can kill..
  • #21,827
  • Jan 22, 2015 7:54pm Jan 22, 2015 7:54pm
Quoting berda
Hi All... Will it go down???? I'm holding 2 sells.. {image}
Tough to say, even for price to go up, it need to retrace... And right now it seems that it is retracing only to 1300.
But like CT said, a lot of stops can be triggered which cause the price to burst north. If you can hold till next week, perhaps we will see it down, but nobody can say for sure how much higher this gold is going to go up.
  • #21,828
  • Jan 22, 2015 7:56pm Jan 22, 2015 7:56pm
Quoting EatPIPs
{quote} Bought at 1300 - should be the retrace now between here and 1298
Yea, we should have support build up in 129x range.. a good support..

Glad to see you making money :-)
Hello World!
  • #21,829
  • Jan 22, 2015 9:08pm Jan 22, 2015 9:08pm
Quoting ClockTrader
{quote} Yea, we should have support build up in 129x range.. a good support.. Glad to see you making money :-)
Lets see how this plays out until London morning & thereafter NY morning..

Trade Light/Safe..

PS: There were no peak-outs on VVSA on yesterday's price shoots on M30 & H1, gives it more energy to climb.
Hello World!
  • #21,830
  • Jan 22, 2015 9:33pm Jan 22, 2015 9:33pm
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Ro IMRAN Ro
  • #21,831
  • Jan 22, 2015 9:55pm Jan 22, 2015 9:55pm
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Ro IMRAN Ro
  • #21,832
  • Jan 22, 2015 10:02pm Jan 22, 2015 10:02pm
Quoting berda
Hi All... Will it go down???? I'm holding 2 sells.. {image}
I was expecting a bottom out on M15 in the US session, BUT, there were only peaks.. a small peak on M15 around NY evening.. they were driving the traffic to North.. and right now price appears to be declining..

You may get your shot.. by NY morning..

Your money your risk

** Use my advise only if it fits in your strategy..
Hello World!
  • #21,833
  • Jan 22, 2015 10:04pm Jan 22, 2015 10:04pm
Jamil ur graph gives us a good prespective but the fact is macro economics will keep gold where it stands for a bit more untill it tests overtime the same resistence. thats what i think

And yes i'm back i sold my AuD/USD for a 10000 pips profit lol this was quite the run. i kinda feel it can go down but i wanna keep myself on the sideways for now.
As for silver and gold i'v never expected this to happn so i've been studying alot and i'll keep working on his i want to get a grap on when to get in here.
  • #21,834
  • Jan 22, 2015 10:05pm Jan 22, 2015 10:05pm
Quoting Jamil7354
{image}
There are going to be ups n downs.. corrections, sideways etc.. on a broad level.. IMO, the Bull biz will continue for a while.. The contract expiry should bring nice correction.
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Hello World!
  • #21,835
  • Jan 22, 2015 10:23pm Jan 22, 2015 10:23pm
Quoting andySu
{quote} Tough to say, even for price to go up, it need to retrace... And right now it seems that it is retracing only to 1300. But like CT said, a lot of stops can be triggered which cause the price to burst north. If you can hold till next week, perhaps we will see it down, but nobody can say for sure how much higher this gold is going to go up.
Hi mate.. looks like going down.. (I hope... )
But nobody sure like you said, market will decide..
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  • #21,836
  • Jan 22, 2015 10:26pm Jan 22, 2015 10:26pm
Quoting berda
Hi All... Will it go down???? I'm holding 2 sells.. {image}
we are on the same train , but different terminal park

Attached Image (click to enlarge)
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my one word of advice *just stay alive*
  • #21,837
  • Jan 22, 2015 10:42pm Jan 22, 2015 10:42pm
Going to start taking short positions on gold as early as mid next week.

I think I may be able scalp USD20/oz on a decline. Its starting to get some sharp drops and volatility intraday

"Uncertainty" is the main driver for the gold price rise.

Most of the main uncertainties will be known with more clarity and as I like to say "part of the furniture":

  1. China GDP - slowing growth but still chugging along, no hard landing.
  2. Oil price - stabilised
  3. Greek Elections & Greek Exit/Default - none event
  4. ECB QE - known
  5. Base metals - stabilised
  6. US reporting season - US corporate earnings seems to be unaffected by appreciating USD (Eg Foreign income sources).
  7. VIX - starting to retreat

  • #21,838
  • Jan 22, 2015 10:49pm Jan 22, 2015 10:49pm
Quoting nappenbir
Hello Gold trader, I have always followed this thread and am interested and I've tried to follow technical trading! so here is the picture you can see what I think this could turn down then we will see what will happen tomorrow because the US dollar is the intensity up then gold should dive down instead! {image}
Hi Bro. Nice to have your input for sharing. Btw, when USD is bullish, not necessary Gold will be bearish. With Eur & BOJ monetary easing, SNB on negative rates, I felt investors will be looking at USD, Gold or Aud. But with Fed & RBA rumours about rates hike, price may had priced in, or overvalued till the actual events occur, Gold will be a safer bet in my opinion atm.Techical charts are also showing the building up of bulls too.Have a nice day.
The only winner is the one who survive the longest...
  • #21,839
  • Edited 11:45pm Jan 22, 2015 11:19pm | Edited 11:45pm
Quoting ClockTrader
{quote} There are going to be ups n downs.. corrections, sideways etc.. on a broad level.. IMO, the Bull biz will continue for a while.. The contract expiry should bring nice correction. {image}
I tend to think we topped out and gold's in for a world of pain in coming weeks. Possibly a nice slam down below 1280 within the next 12hrs+ to finish week.... but friday's are always insane.... who knows. Too early to know if it's a top yet ofc.... but i look forward to the continuation of downtrend
  • #21,840
  • Jan 22, 2015 11:47pm Jan 22, 2015 11:47pm
Quoting Ck87
{quote} I tend to think we topped out and gold's in for a world of pain in coming weeks. Possibly a nice slam down below 1280 within the next 12hrs+ to finish week.... but friday's are always insane.... who knows.
IF there is a peak maturing at 12 pm NY & there after PA leaves a peak around NY evening, this would mean the entire liquid has been driven towards North.. In other words they enticed people (Americans in this case) to buy, buy & buy..

Now someone needs to hit their SLs, right? This is not always the case, but, this is one way how I analyze.. Sometimes this pattern can occur several times in a week/fortnight.. around the same levels..
Hello World!
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