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GOLD staring a down trend
Member Since Apr 09, 2014
891 posts
May 13, 2014 at 21:02
Member Since Jun 07, 2011
372 posts
ProTradersGroup posted:
It's going down from here (1360).
https://www.myfxbook.com/forex-charts/XAUUSD,D1/22098
Very Good analysis.
Hugo ONeill (honeill)
Member Since Apr 08, 2014
1141 posts
May 14, 2014 at 09:15
Member Since Apr 08, 2014
1141 posts
"I trade to make money not to be right."
Member Since Oct 11, 2013
775 posts
Hugo ONeill (honeill)
Member Since Apr 08, 2014
1141 posts
May 21, 2014 at 09:13
Member Since Apr 08, 2014
1141 posts
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."
Hugo ONeill (honeill)
Member Since Apr 08, 2014
1141 posts
May 28, 2014 at 14:22
Member Since Apr 08, 2014
1141 posts
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.
"I trade to make money not to be right."
Member Since Apr 14, 2014
230 posts
Hugo ONeill (honeill)
Member Since Apr 08, 2014
1141 posts
May 29, 2014 at 10:15
Member Since Apr 08, 2014
1141 posts
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."

vinabao
Member Since Feb 26, 2014
104 posts
May 29, 2014 at 20:04
Member Since Feb 26, 2014
104 posts
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
Member Since Apr 09, 2014
834 posts
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.

vinabao
Member Since Feb 26, 2014
104 posts
May 30, 2014 at 21:29
Member Since Feb 26, 2014
104 posts
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 .
Member Since Oct 11, 2013
775 posts
Member Since Oct 11, 2013
775 posts

TheCyclist
Member Since Feb 07, 2011
724 posts
Jun 05, 2014 at 06:46
(edited Jun 05, 2014 at 07:04)
Member Since Feb 07, 2011
724 posts
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.

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