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Only Gold!

  • #21,961
  • Jan 26, 2015 6:58pm Jan 26, 2015 6:58pm
Quoting navk
Going to be a bearish day today. Looking for 1285 to short.
Hope you get your chance as I'm testing longs again.. not going to sleep this time.. Americans are.. morning here in Asia..
Hello World!
  • #21,962
  • Jan 26, 2015 7:04pm Jan 26, 2015 7:04pm
Quoting berda
{quote} Glad 1 sell done.. I'll left 1 more sell for next week, targeting 1274.96.. Next week will be up and down IMO.. Careful guys.. See you next week.. Have a nice weekend & green pips to all. amen..

Quoting ClockTrader
{quote} A spike in South is possible during re-opening, of course in order to hit the SLs.. However.. I don't think its going way down to ~1274, there should be too many SLs piling up in the North..
It has already touched 1272, I've told you mate..
Now waiting for long opportunity..
  • #21,963
  • Jan 26, 2015 7:20pm Jan 26, 2015 7:20pm
I am at a loss reading the direction of Gold. All i can see is this is buy the rumor sell the news type of action (Greece news) i guess... Its not clear so I am on the sidelines...
  • #21,964
  • Jan 26, 2015 7:26pm Jan 26, 2015 7:26pm
I'am prefered long from now. Trade safe
  • #21,965
  • Jan 26, 2015 7:51pm Jan 26, 2015 7:51pm
Quoting ClockTrader
{quote} Woke up in the middle of night to take those longs.. then went to sleep.. apparently.. these got creamed (-vely hedged).. If I was awake, I would have closed as price wasn't flying..
Took few trades around 1280. Out at 1272.
Attached Image (click to enlarge)
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Intraday only.
  • #21,966
  • Jan 26, 2015 8:46pm Jan 26, 2015 8:46pm
Quoting berda
{quote} {quote} It has already touched 1272, I've told you mate.. Now waiting for long opportunity..
Well.. IMO.. IF 1271 gets hit.. its apparently going down.. No longs until expiry is over..

Mine is last long attempt..
Hello World!
  • #21,967
  • Jan 26, 2015 10:01pm Jan 26, 2015 10:01pm
The price action does not give any indication of bull at the moment. At the same time i cannot see this going down past the 1270 mark considering the action we saw past week (trend of higher time frame). Historically when i came across situations like this the price action side always won over the long term trend side. So I am going short, 1278.09 is my entry..1282 is the SL, TP below 1270 .. its not set yet.. will check this tomorrow morning and decide..

Quoting ClockTrader
{quote} Well.. IMO.. IF 1271 gets hit.. its apparently going down.. No longs until expiry is over.. Mine is last long attempt..
  • #21,968
  • Jan 26, 2015 10:01pm Jan 26, 2015 10:01pm
this retrace may/could end near 125x area , thats where the support i am seeing for this down move.

https://www.tradingview.com/v/YvvFwlTx/ ( potential butterfly pattern )
Attached Image (click to enlarge)
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  • #21,969
  • Jan 26, 2015 10:29pm Jan 26, 2015 10:29pm
Quoting Xxavier
The price action does not give any indication of bull at the moment. At the same time i cannot see this going down past the 1270 mark considering the action we saw past week (trend of higher time frame). Historically when i came across situations like this the price action side always won over the long term trend side. So I am going short, 1278.09 is my entry..1282 is the SL, TP below 1270 .. its not set yet.. will check this tomorrow morning and decide.. {quote}
Quoting ssaqeel
this retrace may/could end near 125x area , thats where the support i am seeing for this down move. https://www.tradingview.com/v/YvvFwlTx/ ( potential butterfly pattern ) {image}
On a broad level my view is bearish until contract expiry..
Hello World!
  • #21,970
  • Jan 26, 2015 10:29pm Jan 26, 2015 10:29pm
Got this small long test running.. I don't think its going way up.. maybe 5 - 10 until NY morning..
Hello World!
  • #21,971
  • Jan 26, 2015 10:34pm Jan 26, 2015 10:34pm
I want to start taking short positions.... Let me know a good entry point for today
  • #21,972
  • Jan 26, 2015 10:41pm Jan 26, 2015 10:41pm
as my system on m15 tf give buy signal in short term:

1. bullish harmonic pattern form.
2. macd bullish divergence.
3. stoch going up.
4. elliott finish 5 down wave.
5. i also look direction of the correlation pair: usdjpy going down.

Attached Image (click to enlarge)
Click to Enlarge Name: 27jan15 xauusd.png Size: 41 KB
  • #21,973
  • Jan 26, 2015 10:42pm Jan 26, 2015 10:42pm
I like Christopher Lewis' commentaries on Gold daily and weekly at fxempire.com He sees the area of 1250 as supportive.
http://www.fxempire.com/technical/te...ical-analysis/

Quoting ssaqeel
this retrace may/could end near 125x area , thats where the support i am seeing for this down move. https://www.tradingview.com/v/YvvFwlTx/ ( potential butterfly pattern ) {image}
  • #21,974
  • Jan 26, 2015 10:48pm Jan 26, 2015 10:48pm
Quoting ClockTrader
Got this small long test running.. I don't think its going way up.. maybe 5 - 10 until NY morning..
Cleaned the slate.. doesn't look kooool.. expiry ahead..
Hello World!
  • #21,975
  • Jan 26, 2015 11:06pm Jan 26, 2015 11:06pm
Quoting ClinicalEx
{quote} I've been reading your posts this morning. Excellent, exhaustive inter market fundamental analysis so thanks. XAU/USD is trading at/just above key monthly resistance 1287.10 so not not yet playable intraday for my taste. I'll wait for a few more weekly closes to resolve the level and look for shorts on the retrace on the way down- we'll see. It's in an uptrend on all charts except the monthly (downtrend still) but a long term rejection of such a key level is a great R/R play.
Clean daily rejection of 1287.10. Definitely playable on the retrace to outguess the weekly rejection for the more nimble traders.
  • #21,976
  • Jan 26, 2015 11:11pm Jan 26, 2015 11:11pm
Quoting ClockTrader
{quote} Cleaned the slate.. doesn't look kooool.. expiry ahead..
ClockTrader - Are you still taking longs, or are you thinking it may be further pull-back & therefore shorts today?
  • #21,977
  • Jan 26, 2015 11:15pm Jan 26, 2015 11:15pm
CT, the expiry today? I've seen someone posted a link last time to check when is the Contract Expiry but i don't know where i save the link...
  • #21,978
  • Jan 26, 2015 11:33pm Jan 26, 2015 11:33pm
What real money looks like.
Inserted Video
  • #21,979
  • Jan 26, 2015 11:43pm Jan 26, 2015 11:43pm
Quoting PariCovek
{quote} ClockTrader - Are you still taking longs, or are you thinking it may be further pull-back & therefore shorts today?
There maybe lacklustre climb of ~$5 or so..

I think this is going down.. due to expiry which should be taking place over the next 2-3 days..

Quoting derict
CT, the expiry today? I've seen someone posted a link last time to check when is the Contract Expiry but i don't know where i save the link...
Below might help..

http://www.cmegroup.com/trading/meta...nProductId=192
Hello World!
  • #21,980
  • Jan 26, 2015 11:48pm Jan 26, 2015 11:48pm
hi guys.

still bearish on gold

Mika
Reaction is better than Prediction
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