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  • US Retail sales jump 1.1% in September

    From marketwatch.com

    U.S. retail sales rose a seasonally adjusted 1.1% in September, as spending rose for every segment except department stores, the Commerce Department said Monday. Excluding autos, which can have an outsized impact on the report, retail sales also rose 1.1%. Economists surveyed by MarketWatch expected retail sales to rise by 0.9% last month, or by 0.8% minus autos. In addition, the government revised sales figures for August and July to show somewhat higher spending. Retail sales climbed 1.2% in August - the fastest rate in almost two years - instead of 0.9% as previously reported. And the increase in July sales was ... (full story)

no significant move !!!!
i have buy gold at 1773 lol )
sell limit eur usd 1.2984 SL 30 pip TP 60 pip. sel limit gbp usd 1.6077, SL/TP 30/60. expired time : 12 hours
wait i think it will start in the next hourly candle every thing will be down gold,silver
Quoting gregulas
no significant move !!!!
oh shit.... lag gye gand nal......will gold retace upto 1770 or not???
lol wtf... xD no-stoploss? :O
Quoting Zerd
i have buy gold at 1773 lol )
Early to bed, early to rise, keeps you healthy, wealthy and wise.
it's funny when elections approach data improves dramatically!
Use English guys... It's international forum... And yes gold surely will rise even more than 1770 but not now...
I think the Big Boys already know the result before it was announced. See gold price has dropped 15 minutes before announcement from 1748 to 1741? Those Big Boys had taken their selling positions and when it was announced, they all take their profit. That's why the chart didn't go down and even go up slightly. I think gold price will hang around 174x for today.
i see gold maybe retest 1724
Goodluck to you!
Gold had dropped 15 min early to the data because of the speech frm one of the FOMC http://www.forexfactory.com/news.php?do=news&id=389721

And i beleive Gold would go down till 1736 for the day as strong US data would have an influence over it.
The rally in gold was interrupted at the key 1800.00 level, the price of gold retreated in a correction that could be considered normal after the strong rally we have seen.

The rally’s main catalysts were; the flood of liquidity from central banks across the world, and the eased tension over the European debt crisis following the ECB’s pledge to contain the crisis through extraordinary measures, such as the “Outright Monetary Transactions”.
If the Federal Reserve is to continue printing money gold is expected to continue rising within the upcoming period, however a better than expected economic data from the U.S. recently lifted speculation further aggressive bond buying won’t be necessary as the economy could be in the process of accelerating.
Quoting Dr.Zain
The rally in gold was interrupted at the key 1800.00 level, the price of gold retreated in a correction that could be considered normal after the strong rally we have seen.

The rally’s main catalysts were; the flood of liquidity from central banks across the world, and the eased tension over the European debt crisis following the ECB’s pledge to contain the crisis through extraordinary measures, such as the “Outright Monetary Transactions”.
Agree. Good descriptions....
one more election gift from the president
A sustained break below 1685.00 could invalidate the bullish scenario GG your comments about falling prices of Gold?
Quoting Dr.Zain
If the Federal Reserve is to continue printing money gold is expected to continue rising within the upcoming period, however a better than expected economic data from the U.S. recently lifted speculation further aggressive bond buying won’t be necessary as the economy could be in the process of accelerating.
Dr. Zain
Dont you think tht the US data is being manipulated and everything would come back to normal after the election.
gold will move down to 1735 then can be up and in next week it can touch 1775
Fed will surely printing money for some months ahead. They will not stop printing when US economy just begin to recover. They have to make sure the economy won't become worse when they stop printing. So, there is still a big possibility gold will go up again later
no support news on gold today, the previous data of retail sales also being corrected to positive, and the data now higher than that...
Quoting Paras4you
Dr. Zain
Dont you think tht the US data is being manipulated and everything would come back to normal after the election.
Who knows after the US election many Long Term Traders would have washed their Accounts
Seems that since last 3 weeks US data s are being manipulated and more than this FAT FIGURES Got Clue(results) before The Release Time???
Quoting Dr.Zain
Seems that since last 3 weeks US data s are being manipulated and more than this FAT FIGURES Got Clue(results) before The Release Time???
I think so...
Today I'm taking my first(and small) short after a looong time.
Lousy entrance but hey, everybody agree to long I had to be sure.
I strongly advise you NOT taking my trade as I follow a risky signal aiming too many pips with small lot!

And as for Gold I always preferred the black one. It has more clear moves
Make me a prophet and I'll make you rich. - Me
me too otherwise there is no reason that us data is so positive this is only for elections
GG your comments about these figures!!!
Support1740.001735.0017420.001700.001690.00
Resistance1755.001765.001775.001780.001790.00
thats absolutely right but i can think that gold will only touch 35 then will be back to 1775
GOLD TOUCHED 1735.08 Just now
1734.30 Now
Buy gold 1730-1735, target 1757
Goodluck to you!
You see. Business Inventory has not been announced yet and the price is already jump down that deep
I bet it will be green
wow... it's red
soo what u say GG about 1717 level tommarow
will gold go retrace up?
Quoting safdarhashmi
soo what u say GG about 1717 level tommarow
Everything could happen. But maybe gold will bounce up a little bit around 1720-1725 first.
Quoting Subestian
will gold go retrace up?
Yes of course but the question should be: at what price gold will retrace back upside?
Quoting Gold-god
wow... it's red
Its nor Respecting its LEVELS!!!
and when... hehe anyway, thank you!!

Quoting Gold-god
Yes of course but the question should be: at what price gold will retrace back upside?
Quoting eqshack
lol wtf... xD no-stoploss? :O
lol it is mini lot i can take it back
Quoting gregulas
no significant move !!!!
Gold down 20$????
Quoting Dr.Zain
Gold down 20$????
i think 1730 is good point to BUY.
Quoting Zerd
i think 1730 is good point to BUY.
I think so as there is an immediate support lying there that is 1720, but with SL
what can be the next target of gold?
Quoting Gold-god
wow... it's red
lol red but will green
Watting close london and will see NY move. Not good if it red lol
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The fundamentals of gold that I learnt years before starting trading are that gold likes inflation (absent these days). On the other hand oil causes inflation. Some traders concentrate on gold and oil, the good ones watch other important markets as well, and can probably analyse most instruments easily.
Although it is possible gold still continue down to 1690 area, but I still think that it's only small probability.
If gold can be restrained in 172x-173x area for the rest of this week, more likely it will go north next week. The longer it stays here, the more traders will start buying.
For the meantime I think it's safer to observe the price movement until bear power diminish a little bit more before enter any long position.
I believe,until US election...all US datas will be good...if Gold still related to USD,then you will know what will happen next..
Quoting xdoctor
I believe,until US election...all US datas will be good...if Gold still related to USD,then you will know what will happen next..
I knew why Romania is at only the seconds at the top corruption list ( because they payed to not be the first ) , but even the US data are manipulated...hm right now I am thinking who is at the third position of that list!
I want to buy PATIENCE
i have long position from 1775 in dec. managed to hedge half in jan at 1745
what to do now???? confussed.
Gold-God: How would we know bear power has diminished?
Gold might retrace upto 1759 tomorrow, but i doubt any significant movement further.... could be a trending market till the EU summit this friday
Quoting naqvislm
i have long position from 1775 in dec. managed to hedge half in jan at 1745
what to do now???? confussed.
Buy at 1700 when it fall down again...
Quoting naqvislm
Gold-God: How would we know bear power has diminished?
Wait for a sideways for some times. The longer the sideways the more probable bear has been restrained, but not 100% certainty, it's market after all. There is also a probability that the bear just regain its energy.
Safer to keep tight to your risk management to survive and take profit.
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