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Only Gold!

  • #24,181
  • Mar 4, 2015 6:09am Mar 4, 2015 6:09am
if NFP is positive, will gold go up or down?
  • #24,182
  • Mar 4, 2015 6:43am Mar 4, 2015 6:43am
Quoting babaz7
if NFP is positive, will gold go up or down?

NFP = Non-Farm-Payroll.... That means the people who have jobs that are not working on a farm. You know...city slickers and what not. So, if the number is higher, that means many people got a non-farm job. If it is lower that means not so many people got one of those city slicker jobs.

More jobs means that the economy in the U.S. is improving. If the economy really improves then investors will have confidence investing in a variety of financial securities in the U.S. Thus stronger dollar. And remember.. XAU versus USD .... Need I say more?
Luck has no place in trading. Leave that for the poker table.
  • #24,183
  • Mar 4, 2015 7:00am Mar 4, 2015 7:00am
pin bar on h1
  • #24,184
  • Mar 4, 2015 7:01am Mar 4, 2015 7:01am
Quoting Valadorn
pin bar on h1
Pinbar in the middle of a move, inside a range. It doesn't mean a lot
COT: The precious data ignored
  • #24,185
  • Mar 4, 2015 8:25am Mar 4, 2015 8:25am
The price has been going sideways as visible on H4, under SMA_555(Blue line)

My seasonal view remains bearish.

Given the current scenario, IMO, bearishness shall prevail & continue.. on a broad level, price should remain strictly below 1230-50 range.. & follow its course towards South..

IF price cannot shoot from (1204-15) here this week, 1230 may become another Mt. Everest to climb. Nevertheless, it'll (1230) become a peak anyways..

Right now unable to figure out a swing/day call as price is too jittery to catch..

I want this heat to settle down & want price to koool down before I can trade with confidence.

Tentative June - July Range: 1000-1100
Attached Image (click to enlarge)
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Hello World!
  • #24,186
  • Mar 4, 2015 8:37am Mar 4, 2015 8:37am
Such a boring Gold day.

Tried a long scalp hoping it would turn into something good, but nothing at all

Sideline, probably nothing until London close
COT: The precious data ignored
  • #24,187
  • Mar 4, 2015 9:11am Mar 4, 2015 9:11am
Quoting ClockTrader
The price has been going sideways as visible on H4, under SMA_555(Blue line) My seasonal view remains bearish. Given the current scenario, IMO, bearishness shall prevail & continue.. on a broad level, price should remain strictly below 1230-50 range.. & follow its course towards South.. IF price cannot shoot from (1204-15) here this week, 1230 may become another Mt. Everest to climb. Nevertheless, it'll (1230) become a peak anyways.. Right now unable to figure out a swing/day call as price is too jittery to catch.. I want this heat to settle down...
Very good analysis. Fed may hold off on expected June interest rate rise, which could push gold up to 1250-1288 range, but ultimately I see gold down near 1050 in the second half of 2015.
"The market can remain irrational longer than you can remain solvent"
  • #24,188
  • Mar 4, 2015 9:20am Mar 4, 2015 9:20am
I shall be providing Free Forex (Gold) trading Signals through email & through other social means.. about 1 - 2 every week.

Fellas who are interested might wanna sign up on the form below:

http://www.goldguru.in/blog/free-for...-sign-up-form/

PS: I'm open to send these signals through other means as well, open to take advise..

PPS: I would love if someone can track the success rate of these..
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  • #24,189
  • Mar 4, 2015 9:42am Mar 4, 2015 9:42am
Trying some buy the dips on Gold. Lets see if it can rise a bit.

Euro cracked support but Gold is holding, and Yen is barely moving
COT: The precious data ignored
  • #24,190
  • Mar 4, 2015 1:01pm Mar 4, 2015 1:01pm
Hi,

Could you please tell me what will happen if the expiry is near. What effect does expiry have on gold. I didnt get the expiry part.

Though I wanted to bring this question up last month got stuck in some work. But its never to late to learn anything.

Thanks.
  • #24,191
  • Mar 4, 2015 1:53pm Mar 4, 2015 1:53pm
Quoting Raider
Hi, Could you please tell me what will happen if the expiry is near. What effect does expiry have on gold. I didnt get the expiry part. Though I wanted to bring this question up last month got stuck in some work. But its never to late to learn anything. Thanks.
if you mean the contracts, its the option of validty and i think if you had or having open positions its gonna be auto close per terms unless you hade deal to over merge them to next 2q or 3q contract...
but if you mean the expiry of pending order, its additional option to set expiry date before it can be actvated into market
Let me fill my acount wallet then will take Ur advice
  • #24,192
  • Mar 4, 2015 1:57pm Mar 4, 2015 1:57pm
bought 7 lots @ 1199 tp 1226 ,eyes on oil too as it effect gold at this time of month
Let me fill my acount wallet then will take Ur advice
  • #24,193
  • Mar 4, 2015 2:07pm Mar 4, 2015 2:07pm
Gold has been acting weird lately. It was set was a rise, but nothing. It could want 1182/3 or lower first maybe.

I'll bail longs below 1195 and buy again lower
COT: The precious data ignored
  • #24,194
  • Mar 4, 2015 2:08pm Mar 4, 2015 2:08pm
Quoting Pair-me-up
{quote} NFP = Non-Farm-Payroll.... That means the people who have jobs that are not working on a farm.
  • #24,195
  • Mar 4, 2015 2:13pm Mar 4, 2015 2:13pm
Added short on gold at 1205. Target at 1190. SL at breakeven

Gold is bearish, but NFP will maybe change direction.
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  • #24,196
  • Mar 4, 2015 7:43pm Mar 4, 2015 7:43pm
Quoting Raider
Hi, Could you please tell me what will happen if the expiry is near. What effect does expiry have on gold. I didnt get the expiry part. Though I wanted to bring this question up last month got stuck in some work. But its never to late to learn anything. Thanks.
If you study historic trends, the bull strength becomes weak before the expiry. However, this is only an indicator & can go wrong..
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  • #24,197
  • Mar 5, 2015 12:27am Mar 5, 2015 12:27am
I entered short at 1204 TP 1195
waiting for buying options after Am open .
  • #24,198
  • Mar 5, 2015 12:43am Mar 5, 2015 12:43am
Just closed all my shorts in green as Im worry for the double bottom showing in Daily Chart.

Sell from

1221
1220
1218
1219
1216
1212

Closed all position @ 1203

Opened Buying position now as to support the buying signal im seeing.

Long @ 1203
SL @ 1192
TP @ 1237
  • #24,199
  • Mar 5, 2015 1:47am Mar 5, 2015 1:47am
Quoting chuppaan
I entered short at 1204 TP 1195 waiting for buying options after Am open .
@1200

Good call by far..
Hello World!
  • #24,200
  • Mar 5, 2015 1:50am Mar 5, 2015 1:50am
Weird fall out of nowhere.

I'll keep buying this nosense
COT: The precious data ignored
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