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  • #26,881
  • Jan 28, 2016 10:25am Jan 28, 2016 10:25am
Quoting anton.olff
{quote} Smart move/trade...and I don't disagree with your view. I am bearish too and see gold prices dropping in the latter part of 2016 and 2017, though I think that gold is not going to drop until it is clear what Fed is likely to do.
If it breaks 1105 on the daily chart, If it cant, I think bulls still on control. we will see down trend again~ lets see what is going to happen 2morrow. Still holding my shorts... @ SL 1120.
  • #26,882
  • Jan 28, 2016 12:03pm Jan 28, 2016 12:03pm
I found this interesting and I thought I should share it here..

Source: https://twitter.com/FortuneMagazine/...64849739296768
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  • #26,883
  • Edited 11:04pm Jan 30, 2016 10:04pm | Edited 11:04pm
Based on VSA, I see:

support in the 1100-1115 range
and resistance around 1130-40 range

Seasonal resistance could settle in the said range..
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  • #26,884
  • Feb 1, 2016 12:20pm Feb 1, 2016 12:20pm
I think time to come down for gold if it cant break 1130-1131 (Strong resistance) for 2day canddle.
  • #26,885
  • Feb 1, 2016 12:30pm Feb 1, 2016 12:30pm
Quoting blacksnake
I think time to come down for gold if it cant break 1130-1131 (Strong resistance) for 2day canddle.
I don't see any bears coming.. not yet..
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  • #26,886
  • Feb 1, 2016 12:58pm Feb 1, 2016 12:58pm
Quoting ClockTrader
{quote} I don't see any bears coming.. not yet..
Resistance is strong at this level...but I agree with ClockTrader. The bears are waiting....

The FED's Fischer is speaking right now trying to disarm fears of deflation and negative interest rates. Hard to see gold going up past 1200 unless central banks are planning new stimulus.
"The market can remain irrational longer than you can remain solvent"
  • #26,887
  • Feb 2, 2016 8:04am Feb 2, 2016 8:04am
Took one cautious gold short at 1128 earlier. Tight stop at 1131 with target of 1115. Think we could see some covering before NFP. I get the sneaking suspicion that NFP is going to disappoint and gold will head for the 1150 region.
"The market can remain irrational longer than you can remain solvent"
  • #26,888
  • Feb 2, 2016 8:06am Feb 2, 2016 8:06am
Quoting anton.olff
Took one cautious gold short at 1128 earlier. Tight stop at 1131 with target of 1115. Think we could see some covering before NFP. I get the sneaking suspicion that NFP is going to disappoint and gold will head for the 1150 region.
Hate to say, but, there is a huge probability that your SL will get hit..
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  • #26,889
  • Feb 2, 2016 8:59am Feb 2, 2016 8:59am
Quoting ClockTrader
{quote} I don't see any bears coming.. not yet..
Repeat..... :-D
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  • #26,890
  • Feb 2, 2016 11:43am Feb 2, 2016 11:43am
Quoting ClockTrader
{quote} I don't see any bears coming.. not yet..
IF 1130-35 area can sustain, I see early signs of BIG Bears around..
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  • #26,891
  • Feb 2, 2016 12:58pm Feb 2, 2016 12:58pm
Quoting ClockTrader
{quote} Hate to say, but, there is a huge probability that your SL will get hit..
It was close, but I actually made a profit on that trade as it retreated. I think I am going to wait to see NFP before risking anything else.
"The market can remain irrational longer than you can remain solvent"
  • #26,892
  • Feb 2, 2016 11:55pm Feb 2, 2016 11:55pm
Quoting anton.olff
{quote} It was close, but I actually made a profit on that trade as it retreated. I think I am going to wait to see NFP before risking anything else.
I'll sit by sidelines :-)

I'm just not sure, won't gamble..
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  • #26,893
  • Feb 3, 2016 12:00am Feb 3, 2016 12:00am
Quoting ClockTrader
{quote} I'll sit by sidelines :-) I'm just not sure, won't gamble..
A team of mine is trading with ifs and buts.. I'll let them..
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  • #26,894
  • Feb 3, 2016 12:31am Feb 3, 2016 12:31am
IMHO, the yellow metal may drop to $1106-05 soon.
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  • #26,895
  • Feb 3, 2016 8:03am Feb 3, 2016 8:03am
baby are you down down down down down???????????????????? 3.5K in 15min not bad
  • #26,896
  • Feb 3, 2016 9:05am Feb 3, 2016 9:05am
U.S. ADP report was positive, but ISM was not...and gold is flying higher. I want to short into this rally but think we could see gold to 1150 before NFP.
"The market can remain irrational longer than you can remain solvent"
  • #26,897
  • Feb 3, 2016 9:53am Feb 3, 2016 9:53am
Guys,

Forget 1125 :-)

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  • #26,898
  • Feb 3, 2016 9:54am Feb 3, 2016 9:54am
Quoting ClockTrader
Guys, Forget 1125 :-)
Bulls have been making one base after another...
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  • #26,899
  • Feb 3, 2016 12:11pm Feb 3, 2016 12:11pm
I love this volatility!! Gold wants to go to 1150, EUR to 1.1100+ but these are such great levels to take shorts from. NFP on Friday is key to direction of market.
"The market can remain irrational longer than you can remain solvent"
  • #26,900
  • Feb 3, 2016 12:37pm Feb 3, 2016 12:37pm
Quoting anton.olff
I love this volatility!! Gold wants to go to 1150, EUR to 1.1100+ but these are such great levels to take shorts from. NFP on Friday is key to direction of market.
What makes you think it's about time to short Gold ?
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