{quote} I don't know about the exact time to move up; but what I think that no bears to defend their territory, therefore the up movement might be very smooth, easy so what.
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yeah, my timing was a bit off: too early but got a good price for entry, maybe we do see new highs today before lunch ...
Hello guys, I am also a new trader.
I think that the gold at the moment is going down to around 1239-1240 at least. It bounced off the 50-200EMA cross at 4h which acted as a resistance.
{quote} welcome sure, not just post emotion posts for your wishing trades way provide reasons otherwise this is spam posts GL
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I do not have to repeat my reasons in every post. This said, in terms of TA, Gold had full five days up trend as USD weakened (full 5 days, too). In terms of context, most of the markets are/will be closed this week. Hence, no liquidity to change the uptrend direction. By Wednesday, if not Friday, things might change in correlation with $; it depends on data.
This is my view. What is your view now?
{quote} I do not have to repeat my reasons in every post. This said, in terms of TA, Gold had full five days up trend as USD weakened (full 5 days, too). In terms of context, most of the markets are/will be closed this week. Hence, no liquidity to change the uptrend direction. By Wednesday, if not Friday, things might change in correlation with $; it depends on data. This is my view. What is your view now?
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what kinda of markets will be closed?
this week full of news and no one can predict it like u sayin
my view is i cant even say the price will be up for (five days too like u said) cause the news and the big money will be in the game
that mean no one will get the ideal idea of the moving market though the signals and the intact patterns will drive us
the long correction down move is in the general view for me, but how much the price will up that is the do of the market will say
HF
[quote=Moly_Cam5;8904075]{quote} what kinda of markets will be closed? this week full of news and no one can predict it like u sayin my view is i cant even say the price will be up for (five days too like u said) cause the news and the big money will be in the game that mean no one will get the ideal idea of the moving market though the signals and the intact patterns will drive us the long correction down move is in the general view for me, but how much the price will up that is the do of the market will say HF[/quote
I used the past tense ("gold had full five days.."); I mean last week.
{quote} what kinda of markets will be closed? this week full of news and no one can predict it like u sayin my view is i cant even say the price will be up for (five days too like u said) cause the news and the big money will be in the game that mean no one will get the ideal idea of the moving market though the signals and the intact patterns will drive us the long correction down move is in the general view for me, but how much the price will up that is the do of the market will say HF[/quote I used the past tense
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...
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then the rest of my post still need response if u like
otherwise we are watching the market
GL HF
he supply and demand fundamentals for gold by investors improving every quarter in favour of a rising gold price, it would be disingenuous and shortsighted to think of the gold price as toppy, even after the 25 per cent rise so far this year. If the deterioration of macro-economic fundamentals is the catalyst for investors’ preference for gold over sovereigns, then the stagnation of lending in the ECB, China and the U.S. also points to a higher gold price.. . Given that the debt to GDP ratio of most of the developed world hovers around and over 100 per cent, it is increasingly the opinion of economists that these debts have reached unrealistic levels, and the only recourse is going to be a financial system reset characterized by a massive and multi-lateral forgiveness of debt. All of which points to a much higher gold price.
if it cracks 1320 longs will win, if it respects 1310 by New York close down could be the order of the days to come.
ATM watching from the sidelines with a view to the trendline from the top that comes through just above 1400.
Also looking at the weekly SMA EMA 200's which this is between, it really could go either way.
XAU/USD & XAG/USD - Gold & Silver Traders Thread
