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

4xxxxaus Apr 19, 2013 1:07pm | Post# 4921

Short gold at 1407.14, looking for 1395. Small short targets for now. It seems to be reacting inversely to the dollar, which I though was odd. Figured I'd trade it. Depending on the strength if it breaks the channel may add a little more {image}
Good call, Cheers

elisab Apr 19, 2013 4:05pm | Post# 4922

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The gold stops on the first resistance of 1420 with a rebound. At this point, the two corrective legs from the lows of 1337 are equal in wideness. Exceeding this level would give a further boost up to 1470, a resistance on which sellers will be back heavily on the market. The Adx above 40 confirms the strength of the downtrend and puts the 20-days moving average as a benchmark on which we should enter short on gold
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anudora Apr 19, 2013 9:37pm | Post# 4923

Fail to see that gold would go so low before rebound. Sl triggered but live to fight another day.

elisab Apr 20, 2013 5:20pm | Post# 4924

A bearish engulfing pattern on Friday in the closure for AudUsd. We will see if 1.0150 will be able to stem the fall or if we are at the beginning of a trend reversal.

Pip Anon Apr 20, 2013 6:12pm | Post# 4925

Good call, Cheers
Thank you. Thinking about trade more commodities the rest of the month. FX too jumpy with he said she said.

QuikFlipp Apr 20, 2013 6:31pm | Post# 4926

Thank you. Thinking about trade more commodities the rest of the month. FX too jumpy with he said she said.
I am thinking the same as you bud.

deepak925 Apr 20, 2013 8:58pm | Post# 4927

what are you thinking bro, no chart, no comment ,no post......................... everyone is missing you
got busy with other stuff

deepak925 Apr 20, 2013 9:15pm | Post# 4928

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good area for bounce if it does?? 1400 still a magnet..
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deepak925 Apr 20, 2013 9:25pm | Post# 4929

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good area for bounce if it does?? 1400 still a magnet.. {image}

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QuikFlipp Apr 21, 2013 2:55pm | Post# 4930

{image}
I think will see retest of 1425 arena this evening/tomorrow. Once 1405 is solidified as base, she will start to gain more momentum and it is slowly grinding higher through MA's on the 4hr and 1hr charts. Solid close on Friday shows shorts are still covering their positions from the large fall from previous week. As this continues, those late to cover will be FORCED to close pushing gold to near 1475 by end of this week. I would like to see a solid hold above 1405-1415, before pressing higher to the upper 1400 range.

elisab Apr 21, 2013 2:56pm | Post# 4931

Weekly closure for AudJpy with a perfect zigzag correction. Wave A equal to wave C at 102.80. We’ll see if the downtrend of AudJpy will start on Monday.

QuikFlipp Apr 21, 2013 2:57pm | Post# 4932

I think silver is a deal at these levels. As gold presses up to test 1450s, silver will pop up as well, ere go my longs in both, patience pays.

stock_hunter Apr 21, 2013 3:59pm | Post# 4933

The weekly $GLD chart has a verry nice bottoming tail so maybe we can see a a bounce in the coming week.

victorjaze Apr 21, 2013 11:35pm | Post# 4934

{quote} {image}
Daily candle

deepak925 Apr 22, 2013 1:15am | Post# 4935

{quote} Daily candle

deepak925 Apr 22, 2013 1:43am | Post# 4936

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the battle zone continues..
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Pip Anon Apr 22, 2013 1:55am | Post# 4937

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{quote} the battle zone continues.. {image}
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.
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forex_growth Apr 22, 2013 2:03am | Post# 4938

hey bro - thanks again for sharing that article! I also have noticed some potential over the past few days for yen and gold/silver movements - esp since the bombings in the states..

dont think much in it as when I look past those dates it doesnt seem to flow the same but thought would share non the less..

{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}

Pip Anon Apr 22, 2013 2:10am | Post# 4939

hey bro - thanks again for sharing that article! I also have noticed some potential over the past few days for yen and gold/silver movements - esp since the bombings in the states.. dont think much in it as when I look past those dates it doesnt seem to flow the same but thought would share non the less.. {quote}
Ha no problem bro. FF is a unique place, and I like to share resources and thoughts. The great, but sometimes difficult, thing about the market is that it is constantly changing. Yen may be interesting. Although long-term may play out bullish, I think it will grind. I am not a big fan of carry trades unless I get a nice swap, and yen may be tricky. Tell your Geppy friends not to get tooo complacent :-p

Have a good one!!

razaali Apr 22, 2013 2:13am | Post# 4940

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

ufffffffffffff
boring market ((((((
not finding its way yet


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