GOLD staring a down trend
Membre depuis Apr 09, 2014
posts 891
May 13, 2014 at 18:24
A good day to stay out of the market!
May 13, 2014 at 21:02
ProTradersGroup posted:
It's going down from here (1360).
https://www.myfxbook.com/forex-charts/XAUUSD,D1/22098
Very Good analysis.
Membre depuis Apr 08, 2014
posts 1141
May 14, 2014 at 09:15
GOLD is looking good for upside move.
Fichiers joints:
"I trade to make money not to be right."
Membre depuis Oct 11, 2013
posts 775
May 16, 2014 at 19:32
The volatility is drying up on gold and the range of movement is getting tighter and tighter. The 1300 level has proven to be a zone of indecision and we should not risk and entry until we see a clear direction on the precious metal.
Membre depuis Apr 08, 2014
posts 1141
May 21, 2014 at 09:13
The next trending may be $63 move.
Gold continues to trade sideways inside a symmetrical triangle that can break to the upside or downside.
The next trending move may be decided by an important economic report. FED’s Janet Yellen is scheduled to speak today, and the FOMC minutes will be released a few hours later.
Gold continues to trade sideways inside a symmetrical triangle that can break to the upside or downside.
The next trending move may be decided by an important economic report. FED’s Janet Yellen is scheduled to speak today, and the FOMC minutes will be released a few hours later.
"I trade to make money not to be right."
Membre depuis Apr 08, 2014
posts 1141
May 28, 2014 at 14:22
Gold is alive and kicking. I'am short @ $1,284.30 (No loss position) and scaled in @ $1,264.50. Target 1 @ $1,221.22; Target 2 @ $1,204.70.
Fichiers joints:
"I trade to make money not to be right."
Membre depuis Jan 14, 2014
posts 386
May 29, 2014 at 02:33
It's still going down?
Membre depuis Apr 14, 2014
posts 230
May 29, 2014 at 06:35
honeill posted:
Gold is alive and kicking. I'am short @ $1,284.30 (No loss position) and scaled in @ $1,264.50. Target 1 @ $1,221.22; Target 2 @ $1,204.70.
Looking good!
Membre depuis Apr 08, 2014
posts 1141
May 29, 2014 at 10:15
Good news today from the US, Gross Domestic Product and Jobless Claims, definitely would push GOLD further down. 😀
"I trade to make money not to be right."
forex_trader_178891
Membre depuis Feb 26, 2014
posts 104
May 29, 2014 at 20:04
The gold can be down to 1242 (May be around 1242- 1255 ) than will back up to 1300 before the other big down trend .
For Long you can average down to 1242 .
For short you better take profit and wait for an other short at 1300 if you dont have stomach .
Good luck .
For Long you can average down to 1242 .
For short you better take profit and wait for an other short at 1300 if you dont have stomach .
Good luck .
May 30, 2014 at 09:17
vinabao posted:
The gold can be down to 1242 (May be around 1242- 1255 ) than will back up to 1300 before the other big down trend .
For Long you can average down to 1242 .
For short you better take profit and wait for an other short at 1300 if you dont have stomach .
Good luck .
Good point. I still have my short open, I will probably take profit.
forex_trader_178891
Membre depuis Feb 26, 2014
posts 104
May 30, 2014 at 21:29
Ok .
Now It hit 1242 as project .
All short MUST take profit now if you dont have stomach .
GOLD will should up to 1270 - 1230 before the other big down .
Soon this weekend will be war some where in the war ( may be Europ or China east sea .Tension between China & Vietnam is very very sensitive over there .War can start at any moment .This war may destroy the whole world economy because both country are control by crazy dictatorship .Vietnamese communist may shoot the missile destroy Honkong , shanghai ,commercial ships in & out from China ..... ) .
Gold will be up soon to 1270 before the war tension is over .
Now It hit 1242 as project .
All short MUST take profit now if you dont have stomach .
GOLD will should up to 1270 - 1230 before the other big down .
Soon this weekend will be war some where in the war ( may be Europ or China east sea .Tension between China & Vietnam is very very sensitive over there .War can start at any moment .This war may destroy the whole world economy because both country are control by crazy dictatorship .Vietnamese communist may shoot the missile destroy Honkong , shanghai ,commercial ships in & out from China ..... ) .
Gold will be up soon to 1270 before the war tension is over .
Membre depuis Oct 11, 2013
posts 775
Jun 03, 2014 at 23:07
I am wondering how the sale of half of its gold reserves by Ecuador to Goldman Sachs will affect the price of gold. I suppose it will make it fall further.
Membre depuis Oct 11, 2013
posts 775
Jun 04, 2014 at 18:20
Gold tries to halt its decline, but it still feeling the pressure of the USD as the greenback keeps getting stronger previous to the NFP report.
forex_trader_28881
Membre depuis Feb 07, 2011
posts 724
Jun 05, 2014 at 06:46
(édité Jun 05, 2014 at 07:04)
You guys do know that gold is heavily and openly manipulated, probably by the US government who can't give Germany its gold back? The rumour is all the western reserve banks have run out or are close to running out of gold.
All the technical and other analysis are out of the window, so is supply and demand. US needs a low gold price, they will do anything they can to keep it there, while Asia is buying physical everything they can get their hands on.
One day the short will come to an end rather abruptly. Mean time you can't go short and you certainly can't go long, the US can throw as much paper at this as they can print.
Or if you go long it needs to be unleveraged physical, you can't buy paper is it will suffer from backwardation when the poop hits the fan, iow's no one will believe that the contracts can deliver the physical gold. Any real gold gains will be offset by the backwardation if you own paper only. And you certainly can't buy physical in the west, it will be confiscated Cyprus style quite soon I'd imagine.
You lot are basically scratching the lions balls with a short stick.
All the technical and other analysis are out of the window, so is supply and demand. US needs a low gold price, they will do anything they can to keep it there, while Asia is buying physical everything they can get their hands on.
One day the short will come to an end rather abruptly. Mean time you can't go short and you certainly can't go long, the US can throw as much paper at this as they can print.
Or if you go long it needs to be unleveraged physical, you can't buy paper is it will suffer from backwardation when the poop hits the fan, iow's no one will believe that the contracts can deliver the physical gold. Any real gold gains will be offset by the backwardation if you own paper only. And you certainly can't buy physical in the west, it will be confiscated Cyprus style quite soon I'd imagine.
You lot are basically scratching the lions balls with a short stick.
