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-   -   All Majors and Gold (https://www.forexfactory.com/showthread.php?t=393024)

k3nshinz3139 Apr 22, 2013 2:22am | Post# 4941

I am short now... Looking at 140x area for TP..

SL hit..

Pip Anon Apr 22, 2013 3:27am | Post# 4942

{quote} Zones for sure. It is really obeying the channel on 1H. I am trying to correlate some yen strengthens which seems not to work in golds favor. Aussie may play a factor as well. Shorted at 1422, looking for 23FIB, it may even test lower. There seems to be psychical demand, but we clearly seen the institutions and the paper are what drive prices. You nor I won't bring prices up. I think psychology will prevail. Not saying gold won't go up, but I think because "we" expect it to go up it will fight you along the way. {image}
Closed.

BrunargarFx Apr 22, 2013 4:05am | Post# 4943

Hi all,
I'm short at 1423. SL above the retracement res line at 1430 on H4.

Demand for Gold and silver is high (and we all expect to see it move up but banks and paper assets are pushing it down. They need to buy at cheaper prices.

elisab Apr 22, 2013 5:43am | Post# 4944

Clear rise in the opening for the gold, and direction towards area 1490, close to the 20 days moving average. The Adx at 43 makes me think that sales will be back on this level.

victorjaze Apr 22, 2013 5:51am | Post# 4945

{quote} the battle zone continues.. {image}

Pip Anon Apr 22, 2013 5:51am | Post# 4946

As much as it pains me, gold bugs may want to go higher. However, I think gold will trade more like a stock than a "safe haven"

deepak925 Apr 22, 2013 8:43am | Post# 4947

GOLD jumped so everybody decided to jump from here also

victorjaze Apr 22, 2013 8:45am | Post# 4948

GOLD jumped so everybody decided to jump from here also

samadum Apr 22, 2013 8:51am | Post# 4949

good morning

so, let's see what we have. london longed, ny seems like decided to short.

deepak925 Apr 22, 2013 8:54am | Post# 4950

good morning so, let's see what we have. london longed, ny seems like decided to short.
wall st opens in half hr..data (existing home sales) usd in 1hr interesting..

razaali Apr 22, 2013 9:32am | Post# 4951

GOLD jumped so everybody decided to jump from here also

looks it will down now, max it will go to 1554 and then another quick uturn

deepak925 Apr 22, 2013 10:54am | Post# 4952

1 Attachment(s)
here we go again morning star right on 1420..posted same chart few days back hope NOOBS took note of it..just like yens on weekly
Click to Enlarge

Name: m.png
Size: 38 KB

samadum Apr 22, 2013 11:01am | Post# 4953

as per existing home sales number, plus recent bullish retracement I have placed two long orders.
in first case, forced to remember how to cut my losses until sl.
in second case, got back first losses.

now I guess we will enter 1H range. advice everyone to stay away for a while. just wait and see.

QuikFlipp Apr 22, 2013 11:07am | Post# 4954

as per existing home sales number, plus recent bullish retracement I have placed two long orders. in first case, forced to remember how to cut my losses until sl. in second case, got back first losses. now I guess we will enter 1H range. advice everyone to stay away for a while. just wait and see.
Love the consolidation above 1415. Looking real good, silver to erupt once gets clean break of MA on 4hr chart.

samadum Apr 22, 2013 11:16am | Post# 4955

also, my dear fellows, why don't we discuss bearish side dynamics.

in fx, xau related forums traders mostly discuss why price should go up from here,
from there, from every drop, from every higher high etc.

sinclair and traders like him are crying too much and don't even trying to understand,
explain why really gold price has been dropped so much. they have only 1-2 arguments,
such as qe, fed, bernanke, conspiracy, etc. but how about funds, central banks, major
traders sentiments who are relocating their strategies against gold. just want to underline
that there are much more than bullish side points.

as I said above, bullish arguments are well known. so everyday I am trying to find an answer
why gold can continue bearish movement despite of very strong bullish arguments.

one interesting article of today:
http://www.forbes.com/sites/rickferr...swatted-again/

deepak925 Apr 22, 2013 11:21am | Post# 4956

also, my dear fellows, why don't we discuss bearish side dynamics. in fx, xau related forums traders mostly discuss why price should go up from here, from there, from every drop, from every higher high etc. sinclair and traders like him are crying too much and don't even trying to understand, explain why really gold price has been dropped so much. they have only 1-2 arguments, such as qe, fed, bernanke, conspiracy, etc. but how about funds, central banks, major traders sentiments who are relocating their strategies against gold. just want to underline...
in fx, xau related forums traders mostly discuss why price should go up from here,
from there, from every drop, from every higher high etc.

the only answer for this Q is candlesticks for me and i try to post them always..

QuikFlipp Apr 22, 2013 11:24am | Post# 4957

{quote} in fx, xau related forums traders mostly discuss why price should go up from here, from there, from every drop, from every higher high etc. the only answer for this Q is candlesticks for me and i try to post them always..

Candlesticks leads the way for me.

samadum Apr 22, 2013 11:27am | Post# 4958

great, as for me - tech. trader, candle sticks are map for trading too.
but tech. + fundamental dynamics duo makes trader much stronger.

{quote} Candlesticks leads the way for me.

QuikFlipp Apr 22, 2013 11:34am | Post# 4959

great, as for me - tech. trader, candle sticks are map for trading too. but tech. + fundamental dynamics duo makes trader much stronger. {quote}

True, thats why im holding my cheap longs

gnomoneey Apr 22, 2013 3:25pm | Post# 4960

did everybody see what is being done with gold since last week?


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