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- giantgroup replied Jan 4, 2012
All longs finally stopped out.....at good profit. Moved my sell SL to 1609. A $2 profit is better than nothing.
- giantgroup replied Jan 4, 2012
moved short to BE........
- giantgroup replied Jan 4, 2012
Just took a probatory short position at 1611 with a tight SL at 1614 using the 1 minute chart. just testing the waters though
- giantgroup replied Jan 4, 2012
Gold now touched 1612. Moved my stop losses of my longs(1569 1585 and 1594) to 1605. I'm not very confident the upward move will continue. On the look out for sell signals between 1612 and 1625
- giantgroup replied Jan 3, 2012
Watch out on gold. This is not a time to take trades.... For those long, tighten your SLs and, don't be in a hurry to short. I'll say the resistance is forming up nicely and I'll short 14/7 MA crossover.
- giantgroup replied Jan 3, 2012
And this is the chart in question
- giantgroup replied Jan 3, 2012
Just noticed that gold on the one hour chart is now comtemplating 200MA as a possible resistance. Trade carefully folks...... It may yet break above it or it may not. Just saw this and thought I should point this out
- giantgroup replied Dec 30, 2011
Now approaching another of my points of interest,1581. if cleared, next is 1596 before our dear 1600. Fingers crossed. Now well into the money. Stop loss of 1545 buy now at 1567. 1567 buy stop loss at 1569. Fingers crossed
- giantgroup replied Dec 30, 2011
Hi mmudasir, My short term targets from 1445 are 1550, 1567, 1576,1581,1596,1600 then 1612.... We know gold will go higher but I am more of a cautious trader. My caution is because on the daily chart, price is below 200 SMA. I'll get bolder once ...
- giantgroup replied Dec 30, 2011
If 1576 is taken, then 1600 is not impossible ......... fingers crossed. Welcome back forexfacts
- giantgroup replied Dec 30, 2011
Moved my SL to 1556. Waiting for signal on 5m to add further to my long....
- giantgroup replied Dec 30, 2011
From yesterday's daily close, it appears that there's a pause in gold decline. Almost a morning star(???) 4H showed a clearer direction.....Notice a positive divergence on 4H and MACD on my second chart. So today I'm buying. Took a position from ...
- giantgroup replied Dec 29, 2011
Thanks fxfacts. Just closed my short from 1612. Will be interesting to see what shape today's daily candle will take. One should be nimble for now.....
- giantgroup replied Dec 28, 2011
I am not at all surprised at today's price action on xau/usd. If anybody bordered to look at my last post/chart, (#14907), the bearish signal was damned too glaring. A doji forming just at the 200 SMA. I still don't think we are yet at the optimal ...
- giantgroup replied Dec 24, 2011
Wishing all a merry Xmas.
- giantgroup replied Dec 22, 2011
Hello friends, I see no reason to long gold on account of yesterday's spike. Yesterday's candle was actually a doji and, please notice the point of that doji formation....... the 200SMA. I think that the most probable direction in the interim will ...
- giantgroup replied Dec 19, 2011
Seems to me the only reasonable thing now in commodities trading these last days of the years is scalping. I've been scalping in the direction of shorts and it's giving me a success rate of 80 to 90%. Can't be certain that the correction is ...
- giantgroup replied Dec 15, 2011
Was able to scalp a brief short from 1590 to 1565.
- giantgroup replied Dec 15, 2011
Shall we say that the free fall has now bottomed?
- giantgroup replied Dec 14, 2011
Finally closed all my shorts. Hate to leave open trades while asleep especially last day of the trading week.