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Only Gold!

  • #23,921
  • Feb 26, 2015 2:56am Feb 26, 2015 2:56am
Quoting ClockTrader
{quote} I don't think its coming down.. the new support has built up around 1209-10 NY session could see street crowded with Bulls.. last night's 12pm NY & 5pm NY fell on same page.. since then.. it's been climbing crazy.. Having hard time understanding what's going on, I'll stay away :-) IF I can't understand it, I can't trade it.. period.
yep, makes sense. I see some resistance at 1215, 1217, 1221, 1223.50, then 1232.50. Hope that helps
  • #23,922
  • Feb 26, 2015 3:00am Feb 26, 2015 3:00am
Quoting goldngreen
{quote} yep, makes sense. I see some resistance at 1215, 1217, 1221, 1223.50, then 1232.50. Hope that helps
support (forming) around 1212, 1210, then 1207-1208 area
  • #23,923
  • Feb 26, 2015 3:01am Feb 26, 2015 3:01am
ok Tokyo is going to close and Tokyo big players trust to the gold and technical support it but further more up needs to USA confirmation I think sideway and even big drop is expected for next few hours ,be aware about buying or saved your profit
  • #23,924
  • Feb 26, 2015 3:02am Feb 26, 2015 3:02am
Quoting goldngreen
{quote} yep, makes sense. I see some resistance at 1215, 1217, 1221, 1223.50, then 1232.50. Hope that helps
Many signs indicate this could be a top..

But, its too hot for me right now.. watching it for another hr or two might give some answers..
Hello World!
  • #23,925
  • Feb 26, 2015 3:03am Feb 26, 2015 3:03am
Quoting goldngreen
{quote} support (forming) around 1212, 1210, then 1207-1208 area
Other side of the coin is that if the plan was to go down to 1280 and below, then this may just be an attempt to pick new limit sells (and eat some stops on the way)
  • #23,926
  • Feb 26, 2015 3:07am Feb 26, 2015 3:07am
Quoting goldngreen
{quote} Other side of the coin is that if the plan was to go down to 1280 and below, then this may just be an attempt to pick new limit sells (and eat some stops on the way)
Expiry + 15m PO during London Morning

These are two reasons I think this could be a peak.. I would not act in haste..

PS: I could test & research this, BUT, won't share a call on the basis of this unless I'm sure what I'm doing.. Skipping a call is better than making a doubtful call.
Hello World!
  • #23,927
  • Feb 26, 2015 3:12am Feb 26, 2015 3:12am
shorted again at 1215, SL 1217.6
  • #23,928
  • Feb 26, 2015 3:14am Feb 26, 2015 3:14am
Quoting salman14
shorted again at 1215, SL 1217.6
need a close below 1212.6 .....
  • #23,929
  • Feb 26, 2015 3:20am Feb 26, 2015 3:20am
Close to try a big short for something near 1195,xx
COT: The precious data ignored
  • #23,930
  • Feb 26, 2015 3:28am Feb 26, 2015 3:28am
Quoting salman14
{quote} need a close below 1212.6 .....
price reaching 1210-1212 would support your call nicely.. would get convincing, no doubt about that!
Hello World!
  • #23,931
  • Feb 26, 2015 3:34am Feb 26, 2015 3:34am
Quoting ClockTrader
{quote} price reaching 1210-1212 would support your call nicely.. would get convincing, no doubt about that!
Yup , i have 1210.7, BUT the real problem is 1213.4 , it has the power to convert the resistance level into useless line. above 1217 am expecting 1226. that's why i need it below 1212.6
  • #23,932
  • Feb 26, 2015 3:39am Feb 26, 2015 3:39am
With euro that could rise and usdjpy falling, its not easy for gold to fall. But it could be near once they all reverse

We had tiny sellers on gold on m1...but waiting for m15/m30 to show sellers to short it
COT: The precious data ignored
  • #23,933
  • Feb 26, 2015 3:44am Feb 26, 2015 3:44am
Quoting salman14
{quote} Yup , i have 1210.7, BUT the real problem is 1213.4 , it has the power to convert the resistance level into useless line. above 1217 am expecting 1226. that's why i need it below 1212.6
IF price was around 1230-40 or somewhere around that.. I would have loved to place a seasonal short.. & sell more if price went up..

1215 is way low level given Jan highs.. to place seasonal shorts..

In a few hrs we'll have more clear pic..

IF price doesn't descend from here.. the probability of NY session being bullish will rise..
Hello World!
  • #23,934
  • Feb 26, 2015 3:49am Feb 26, 2015 3:49am
Quoting ClockTrader
{quote} IF price was around 1230-40 or somewhere around that.. I would have loved to place a seasonal short.. & sell more if price went up.. 1215 is way low level given Jan highs.. to place seasonal shorts.. In a few hrs we'll have more clear pic.. IF price doesn't descend from here.. the probability of NY session being bullish will rise..
@ 1216-17

Price kissing higher highs almost every hr..

Selling looks like a very bad idea at the moment.. NY morning & PA thereafter will correct me if I'm wrong..

1209-1210 appears to be becoming stronger support..
Hello World!
  • #23,935
  • Feb 26, 2015 3:51am Feb 26, 2015 3:51am
Quoting ClockTrader
{quote} @ 1216-17 Price kissing higher highs almost every hr.. Selling looks like a very bad idea at the moment.. NY morning & PA thereafter will correct me if I'm wrong.. 1209-1210 appears to be becoming stronger support..
If there are no sellers at least on m5...there is no point shorting it.

higher highs and no sellers noticed, or reversed candles. m30/h1 bullish, until they're not
COT: The precious data ignored
  • #23,936
  • Feb 26, 2015 4:11am Feb 26, 2015 4:11am
H4 touches 89 SMA. if it does not reverse from here, i believe bull is coming back for real. lets see.
  • #23,937
  • Feb 26, 2015 4:19am Feb 26, 2015 4:19am
Quoting ClockTrader
{quote} Expiry + 15m PO during London Morning These are two reasons I think this could be a peak.. I would not act in haste.. PS: I could test & research this, BUT, won't share a call on the basis of this unless I'm sure what I'm doing.. Skipping a call is better than making a doubtful call.
I was actually thinking of Expiry too .. Just looking at right price to SHORT. By looking at R3 @ 1221 could be a good place to short but 1H chart shows that 1223.11 was Feb 19th high ...who knows might reach there ...
  • #23,938
  • Feb 26, 2015 4:22am Feb 26, 2015 4:22am
i shorted gold, still longed 65% from 1203, and short 35% from 1217+ , waiting for pulback to close shorts and reopen logs...bulls loosing momentum, i think it cant just go north from here,...maybe i am wrong
its just money
  • #23,939
  • Feb 26, 2015 4:39am Feb 26, 2015 4:39am
If its to make a new lower low then its from this zone here IMO keeping the downward pattern intact.
To live a successful life, we must lose our fear of being wrong
  • #23,940
  • Feb 26, 2015 4:46am Feb 26, 2015 4:46am
it just doesnt want to ho down , really nice movement, ill add to shorts above 1220, TP 1214-1216.66, dailly picture is just to nice to go more short then long.
its just money
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