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GOLD staring a down trend

Mar 18, 2014 at 07:22
1,632 Views
48 Replies
Member Since Jan 14, 2014   386 posts
Mar 18, 2014 at 07:22 (edited Mar 18, 2014 at 07:27)

 It's going down from here (1360).


https://www.myfxbook.com/forex-charts/XAUUSD,D1/22098




Member Since Mar 03, 2013   35 posts
Mar 18, 2014 at 08:32 (edited Mar 18, 2014 at 08:33)
ProTradersGroup posted:

 It's going down from here (1360).


https://www.myfxbook.com/forex-charts/XAUUSD,D1/22098





lol 1200 ! are you Kidding ? we have strong bullish trend on H4 and daily chart ! gold can not move down more than 1330-1300
Trust your Brain
Member Since Jan 14, 2014   386 posts
Mar 18, 2014 at 08:45 (edited Mar 18, 2014 at 08:47)
Barzvar posted:

 we have strong bullish trend on H4 and daily chart ! gold can not move down more than 1330-1300


Just wait and see :)

Thanks
Member Since Mar 03, 2013   35 posts
Mar 18, 2014 at 08:49
ProTradersGroup posted:
Barzvar posted:

 we have strong bullish trend on H4 and daily chart ! gold can not move down more than 1330-1300


Just wait and see :)

Thanks
😉

when ?
Trust your Brain
Member Since Jan 14, 2014   386 posts
Mar 18, 2014 at 11:26
Next... month!
Member Since Jan 14, 2014   386 posts
Mar 20, 2014 at 13:45
Barzvar posted:

lol 1200 ! are you Kidding ? we have strong bullish trend on H4 and daily chart ! gold can not move down more than 1330-1300

It's going to hit your target 2 :)
Member Since Jan 14, 2014   386 posts
Mar 27, 2014 at 08:27 (edited Mar 27, 2014 at 08:28)
ProTradersGroup posted:
Barzvar posted:

lol 1200 ! are you Kidding ? we have strong bullish trend on H4 and daily chart ! gold can not move down more than 1330-1300



Oh... I am wrong. Sorry! :)

 It was broke your target 2 yesterday, not NEXT month :)

Member Since Jan 14, 2014   386 posts
Apr 27, 2014 at 02:48
Is it still going down!???
Member Since Oct 11, 2013   775 posts
Apr 30, 2014 at 05:24
The 1277.88 level for Gold is still a good support level. A visit to that zone could have prices bouncing from there to the upside.
Member Since Apr 08, 2014   1141 posts
Apr 30, 2014 at 09:54
Friday nonfarm data could bring a nice move to Gold.
"I trade to make money not to be right."
Member Since Oct 11, 2013   775 posts
May 01, 2014 at 05:07
Well, yes, Gold keeps pointing down, but let us wait patiently to see if it gets to the 1277.88 support level from where it may bounce to the upside.
Member Since Apr 09, 2014   891 posts
May 03, 2014 at 02:39
It has been a great Bullish Ride for the major World Indexes, but it seems a correction shall occur during the coming week.
Do you agree with this view?

Have a nice weekend. :)
Regards,
P.Silva
Member Since Jan 14, 2014   386 posts
May 04, 2014 at 01:40 (edited May 04, 2014 at 01:41)
psaTrading posted:
It has been a great Bullish Ride for the major World Indexes, but it seems a correction shall occur during the coming week.
Do you agree with this view?


Yeah... May be it's staring up trend!?
Member Since Apr 08, 2014   1141 posts
May 05, 2014 at 11:01
psaTrading posted:
It has been a great Bullish Ride for the major World Indexes, but it seems a correction shall occur during the coming week.
Do you agree with this view?

Yes this week will be a correction week for the Indexes, with all the geopolitical tensions between Russia and Ukraine. So gold should start to trend do the upside.
"I trade to make money not to be right."
Member Since Apr 09, 2014   891 posts
May 05, 2014 at 18:36
Good point, I'll be watching.😄
Member Since Oct 11, 2013   775 posts
May 06, 2014 at 07:43
If there is another push to the upside on Gold, a visit to the 1322 could give it a bounce to the downside.
Member Since Jan 14, 2014   386 posts
May 08, 2014 at 03:32



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Member Since Apr 08, 2014   1141 posts
May 12, 2014 at 11:43
Good point. I agree with the analysis. Also these geopolitical tensions in Ukraine should push price up.
"I trade to make money not to be right."
Member Since Apr 09, 2014   891 posts
May 12, 2014 at 17:41
honeill posted:
Good point. I agree with the analysis. Also these geopolitical tensions in Ukraine should push price up.

You are absolutely right!
Member Since Jun 07, 2011   372 posts
May 12, 2014 at 22:13
Ukraine crisis is causing economic impact global markets and could boost demand for U.S. government bonds, and commodities like gold.
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