Hey, what's with the volatility right now ? I was expecting a recovery for GBP/JPY ?

There is no support as good as a $146 billion injection. It's far more secure than a trendline

That hurt like a bitch, I've never lost 3500 € in a single day before ... and all this within few hours while I was away.... damn, it's the first time I close a gold position with a loss and I'm trading it for more than 3 years now, the emotional ...

As you can see, there is a very nice way to exploit the trend using the RSI(14) on the hourly chart by selling when overbought and reopening the position after the retrace.

I wouldn't advice you to do anything, it's a choice you have to make on your own. We are officially still in a downtrend on both weekly and daily charts, and as you have surely heard "The trend is your friend", so there is a high probability that I ...

I'm expecting a consolidation around 1134 - 1150 on weekly basis. Closed the 1080 order in 1103 after the hourly chart started to look overbought, and reopened at 1101 , currently with + 740 pips. So far : + over 3000 pips. Not bad for 2 days, I ...

I meant that inflation plays a role when when the economy is going up, so that was future related. Of course every other sign of fear in the markets will cause the same reaction with gold, every bank that goes insolvent causes an investor to search ...

you may start with these correlations, they can prove themselves quite helpful sometimes url

When you think about gold you shouldn't be thinking about GDP, the leading indicator about gold is inflation. With the rise of the CPI the gold will follow, no matter what Obama or Bernanke are planning to do next. If you have 1 $ in the market and ...

Judging by recent daily PA, I would tend taking the bullish side. A long trade from 1080,25 to 1170(TP). After all USD gains are a question of time. The currency is condemned to be depreciated in the following months.

I haven't traded gold for a long time, was waiting for this dip, I wouldn't sell with a target under $1000. I'll put limit buy orders on $1000, $925 and $875 with a TP $1065 and $1175. What do you guys have in mind ?

probably not I had TP for most of my short trades at 0.8888 and am now watching for a hedge with long NZD/JPY. If we see a retrace in AUD/USD, we can reenter short

I don't find it a very good idea, NZD has the biggest growth potential for the moment.

I might start buying gold once we reach 1080. I do not expect it to fall under $1000 anymore. The uptrend is still solid.

I've always been with a bullish sentiment about gold, with a special love for daily and weekly retraces. It's a very powerful move and we'll probably have a bit more of it, before having a powerful retrace, but my advise is, if you aren't long yet - ...

Sell at 1185.80 -> 1167,55 first target and 1151,55 second target

My strategy too.

This is the reason I don't use stop losses.

nice

nope, every trade of mine is a 0,5 % of my free margin so with a 1:50 leverage it will take at least 50 000 pips against me to even consider the possibility that a margin call can be triggered (if it was a non-hedged position). I've been building ...