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Only Gold!

  • #27,041
  • Apr 6, 2016 3:49am Apr 6, 2016 3:49am
Quoting nimbinsstone
agree totaly, bull run about to begin the only question is from where (goes to look @ weekly and monthly charts) keeping tight SL and a buy just above here
I would really like to see gold trade down to $1195-98 level, as I think that will be a good place to buy.

WD Gann date is due 14/15th April for XAUUSD, so will be interesting to see whether that date ends up forming a low near those levels or not.

At the moment, the double bottom at $1208-$1210 needs to be respected. If that breaks, then I think we move down to $1195-$1198 region for sure.
  • #27,042
  • Apr 6, 2016 4:36am Apr 6, 2016 4:36am
Quoting ThirtyTen
{quote} I would really like to see gold trade down to $1195-98 level, as I think that will be a good place to buy. WD Gann date is due 14/15th April for XAUUSD, so will be interesting to see whether that date ends up forming a low near those levels or not. At the moment, the double bottom at $1208-$1210 needs to be respected. If that breaks, then I think we move down to $1195-$1198 region for sure.
I wonder whether FOMC meeting minutes later will bring much impact to gold movement?
Anyone?
Still learning here...
  • #27,043
  • Apr 6, 2016 5:08am Apr 6, 2016 5:08am
I quoted on another thread that BetFair is currently predicting a 98% probability of NO rate hike in April.
Presumably, the money markets have factored in a similar probability, which has meant that it has been generally US dollar bearish.

If we get something out of the FOMC tonight which shifts that probability lower (ie increase the chance of an April rate hike), then we may see a little short trade unwind from the hedge fund community which would be dollar bullish / and gold bearish (at least in the short term).

My sense is that we may get some hawkish tones out of the Fed minutes (that is because there are a number of members on the FOMC who are vocal about a rate hike (most of them non-voting members mind you), and they are generally more hawkish than Yellen.

That said, the reality is that there is a zero chance of a rate hike coming in April (in my opinion), therefore any sell off in gold would represent a good buying opportunity. Watch the $1195-$1998 levels on spot gold as a guide.
  • #27,044
  • Apr 7, 2016 2:33am Apr 7, 2016 2:33am
I'm glad I'm sitting by sidelines.. PA on charts is beyond my understanding, even if I could apply logic, the S/R levels are occurring too fast to trade.. too fast to place a trade and take profit..

Trade light and Safe!
Hello World!
  • #27,045
  • Apr 7, 2016 2:55am Apr 7, 2016 2:55am
thankyou for being you, my trade got stopped out but with a + dividend.
sorry for last nights pissed post,
  • #27,046
  • Apr 7, 2016 7:01am Apr 7, 2016 7:01am
Gann Angles - Mars and Mercury geocentric.​
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  • #27,047
  • Apr 7, 2016 3:29pm Apr 7, 2016 3:29pm
Quoting ThirtyTen
Gann Angles - Mars and Mercury geocentric.​ {image}
would you mind elaborating on this to a newbie here? im waiting to buy at 1218 with a target at 1230-35. any thoughts?
  • #27,048
  • Edited 12:18am Apr 8, 2016 12:05am | Edited 12:18am
I think today we can sell Gold.
off course!
you can see my profile.
US GDP and inflation forecasts again.it was noted that current conditions in the world economy are not permitting to proceed with the initioal plan of interest rate hikes
One Day U Will Miss me!
  • #27,049
  • Apr 8, 2016 12:21am Apr 8, 2016 12:21am
Support levels: 1221.00 (local low) 1215.14, 1208.20
short positions can be opened after the breakdown of the level of 1224.00 with the target at 1215.10 and stop loss at 1227.00 validity 2-4 days
One Day U Will Miss me!
  • #27,050
  • Apr 8, 2016 12:25am Apr 8, 2016 12:25am
Advice Buy Stop
Entry point 1235.30
Take Profit 1243.13

Stop loss 1230.80

Key levels 1181.29, 1190.69
1201.72, 1208.20
1221.00 1225.58
1236.51 1243.63
One Day U Will Miss me!
  • #27,051
  • Apr 8, 2016 2:00am Apr 8, 2016 2:00am
ATM, on sidelines (yes it's a position too)
  • #27,052
  • Apr 8, 2016 3:59am Apr 8, 2016 3:59am
Gold Gartley pattern for long +all sma support this pattern



GL HF
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  • #27,053
  • Edited 5:25am Apr 8, 2016 4:15am | Edited 5:25am
Quoting loopita
{quote} would you mind elaborating on this to a newbie here? im waiting to buy at 1218 with a target at 1230-35. any thoughts?
The Gann Angles are a tool to help determine support and resistance.
I am medium term bullish gold - ie over the next 12 months.
Gold currently in a sideways pattern. Sell the tops, buy the lows of the trading range.
Pivot points on gold are now clear. Break of $1240 and we go higher.
Break of $1208 and we go down to $1195-1198 which is a good buy zone if that level holds.
  • #27,054
  • Apr 8, 2016 6:39am Apr 8, 2016 6:39am
Quoting Nitsan_Levi
Gold Gartley pattern for long +all sma support this pattern GL HF {image}
Nice to see you around mate :-)
Hello World!
  • #27,055
  • Apr 8, 2016 3:40pm Apr 8, 2016 3:40pm
Quoting ClockTrader
{quote} Nice to see you around mate :-)
Thank you man
  • #27,056
  • Apr 8, 2016 3:41pm Apr 8, 2016 3:41pm
Quoting Nitsan_Levi
Gold Gartley pattern for long +all sma support this pattern GL HF {image}
Look good..position on profit...wait for the take profit
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  • #27,057
  • Apr 10, 2016 10:01am Apr 10, 2016 10:01am
h4
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THERE IS NO SYSTEM
  • #27,058
  • Apr 10, 2016 5:31pm Apr 10, 2016 5:31pm
Quoting Nitsan_Levi
Gold Gartley pattern for long +all sma support this pattern GL HF {image}

I close now the profit of this one ^
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  • #27,059
  • Apr 10, 2016 10:43pm Apr 10, 2016 10:43pm
Quoting Nitsan_Levi
{quote} I close now the profit of this one ^ {image}
That was a good call mate
Hello World!
  • #27,060
  • Apr 11, 2016 3:47am Apr 11, 2016 3:47am
Quoting Nitsan_Levi
Gold Gartley pattern for long +all sma support this pattern GL HF {image}
there's same Gartley on H4
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