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Only Gold!

  • #22,621
  • Feb 11, 2015 10:25am Feb 11, 2015 10:25am
hi Nav and Kuroo

Quoting navk
Long from 1221, stop below 1216.. only for today.
  • #22,622
  • Feb 11, 2015 10:28am Feb 11, 2015 10:28am
Quoting ssaqeel
hi Nav and Kuroo {quote}
Nice avatar, 100% agree
COT: The precious data ignored
  • #22,623
  • Feb 11, 2015 12:31pm Feb 11, 2015 12:31pm
Guys be careful.. This slow grind down can go deeper than you think!!!!!!!
  • #22,624
  • Feb 11, 2015 12:40pm Feb 11, 2015 12:40pm
Rumors of Huge sell orders as the trigger of this move down......
Quoting Xxavier
Guys be careful.. This slow grind down can go deeper than you think!!!!!!!
  • #22,625
  • Feb 11, 2015 1:02pm Feb 11, 2015 1:02pm
How about support (last Friday's low) was broken @ 951am ET this morning, huh?

Then after a 2-3 minute bounce it collapsed further.
  • #22,626
  • Feb 11, 2015 1:03pm Feb 11, 2015 1:03pm
Don't normally like to go counter-trend. But seems attractive at these levels long @1220 sl 1217.2
looking for small bounce, nothing too crazy.
  • #22,627
  • Feb 11, 2015 1:04pm Feb 11, 2015 1:04pm
Now trying to get back above 1221.50 which is short term resistance. Not likely.
  • #22,628
  • Feb 11, 2015 1:10pm Feb 11, 2015 1:10pm
Retracement now. Hourly and 4 hr bullish candles.

London / NY tomorrow can bring it down to 1216 or below.
Intraday only.
  • #22,629
  • Feb 11, 2015 1:14pm Feb 11, 2015 1:14pm
Quoting SunTrader
Now trying to get back above 1221.50 which is short term resistance. Not likely.
Seems pretty likely to me. I've been shorting this thing daily from 1305. I'm probably wrong here though, thing can tank.
  • #22,630
  • Feb 11, 2015 1:20pm Feb 11, 2015 1:20pm
Quoting Ck87
{quote} Seems pretty likely to me. I've been shorting this thing daily from 1305. I'm probably wrong here though, thing can tank.
Don't know what your chart shows but mine - says down. Notice besides res level, RSI can't get above 50:
Attached Image (click to enlarge)
Click to Enlarge Name: XAU5resistance.png Size: 43 KB
  • #22,631
  • Feb 11, 2015 1:23pm Feb 11, 2015 1:23pm
Yes, it needs to get above 1222, but it will as volume is reducing.
Intraday only.
  • #22,632
  • Feb 11, 2015 1:40pm Feb 11, 2015 1:40pm
Quoting SunTrader
{quote} Don't know what your chart shows but mine - says down. Notice besides res level, RSI can't get above 50: {image}
Mine says down too, down massive, but we're at a crucial level that is likely to support a short term bounce , stock mkts overbought should bring in buying.
  • #22,633
  • Feb 11, 2015 1:49pm Feb 11, 2015 1:49pm
Quoting Ck87
{quote} Mine says down too, down massive, but we're at a crucial level that is likely to support a short term bounce , stock mkts overbought should bring in buying.
And what pray tell is so crucial about the current level?
  • #22,634
  • Feb 11, 2015 1:57pm Feb 11, 2015 1:57pm
Quoting SunTrader
{quote} And what pray tell is so crucial about the current level?
what pray tell? sry i don't understand. I do my own technical analysis and this is a level I see as important and probably supportive. Like I said, not looking for a big move or anything, and have been bearish for a while on gold. Good luck.
  • #22,635
  • Feb 11, 2015 2:12pm Feb 11, 2015 2:12pm
Quoting Ck87
{quote} what pray tell? sry i don't understand. I do my own technical analysis and this is a level I see as important and probably supportive. Like I said, not looking for a big move or anything, and have been bearish for a while on gold. Good luck.
Well as long as you know what you are doing - betting against the trend.

Although a bounce, at some point might be coming, probabilities (and the chart) say down - and with a vengeance:
Attached Image (click to enlarge)
Click to Enlarge Name: XAU daily res.png Size: 52 KB
  • #22,636
  • Feb 11, 2015 2:15pm Feb 11, 2015 2:15pm
Quoting SunTrader
{quote} Well as long as you know what you are doing - betting against the trend. Although a bounce, at some point might be coming, probabilities (and the chart) say down - and with a vengeance: {image}
Yep, i do not like to go against the trend for sure. which is why this is a smaller trade with a tight SL.
  • #22,637
  • Feb 11, 2015 2:31pm Feb 11, 2015 2:31pm
Quoting salman14
{quote} Thank you, Yeah still holding those, no buy signal for me without a weekly close above 1308. if it happens then i will think about long on a reasonable pullback, i have still much lower targets, trying to place a pending short at 1274 with tight SL. lets see what happens after the US data . risking few at 1274
Closed at the Mid point of previous leg, good month so far.'ll wait for a pullback to short again
  • #22,638
  • Feb 11, 2015 3:27pm Feb 11, 2015 3:27pm
Buddy be careful trying to pick the bottom here
Quoting Ck87
{quote} Yep, i do not like to go against the trend for sure. which is why this is a smaller trade with a tight SL.
  • #22,639
  • Feb 11, 2015 3:29pm Feb 11, 2015 3:29pm
Good trade, I think you have left a lot of pips on the table.. I am not sure if we are going to get any bounce....
Quoting salman14
{quote} Closed at the Mid point of previous leg, good month so far.'ll wait for a pullback to short again
  • #22,640
  • Feb 11, 2015 6:52pm Feb 11, 2015 6:52pm
Hi CT
Sorry, little bit off topic.
Any idea why my comments on quoting someone, it doesn't appear on the thread?
When i just joining member, my comments was appear. But only twice.
Thanks
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