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  • #185,581
  • Jan 27, 2010 12:01pm Jan 27, 2010 12:01pm
Quoting SkyzerFX
There is no bull or bear failure as GOLD just ranging for the last week or so.

Gold will not drop from here, unless OIL also drops.

I'd not be surprised, if GOLD actually move up little bit, if Bernanke reappointed

later today. Besides GOLD prices supported by both India and China,

which lately seen as constant buyers ahead of the Lunar New Year

and Indian Pushya Nakshatra.
Thanks for information , I am actually telling just about what chart says or I understand from it . it already reached 1087, going to die before the die ? premature or suicide not know .breaking down ? not unstand . anyway I bought it for profit.

To me bull failure expressed as when price fail to go up when expected & continue rather for bear or try continuation of it even if not able and so this triangle has formed.
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #185,582
  • Jan 27, 2010 12:03pm Jan 27, 2010 12:03pm
Gold also has double top XAU/EUR at 800$
  • #185,583
  • Jan 27, 2010 12:03pm Jan 27, 2010 12:03pm
This is a daily chart of Silver. theres a head and shoulders might mean gold is in for a fall too.
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  • #185,584
  • Jan 27, 2010 12:04pm Jan 27, 2010 12:04pm
Quoting Clouds
Technically no, Bank will still give you $20 for a ounce (20$ gold piece)
better sell it elswhere then.
those who can, do. those who cant, talk about those who can
  • #185,585
  • Jan 27, 2010 12:05pm Jan 27, 2010 12:05pm
Oil melting down as well...
  • #185,586
  • Jan 27, 2010 12:05pm Jan 27, 2010 12:05pm
Ive been short since 1.45 on this pair but cautiously pessimisstic that the pair may consolidate between 1.40 and 1.42 for about a week before following through to 1.38. But the euro has so little going for it right now. I think we may see a break of 1.40 this week
  • #185,587
  • Jan 27, 2010 12:07pm Jan 27, 2010 12:07pm
Quoting Maxsmart
This is a daily chart of Silver. theres a head and shoulders might mean gold is in for a fall too.
maybe but its a different animal. so goes silver so goes copper and other commodities and their currency.. eu gu ect. silver unlike gold has industrial use. canary in the coal mine.
those who can, do. those who cant, talk about those who can
  • #185,588
  • Jan 27, 2010 12:07pm Jan 27, 2010 12:07pm
i sm long at 85 hopin to scalp. am in troble as i am not sure it will drop further wat do u al think
  • #185,589
  • Jan 27, 2010 12:17pm Jan 27, 2010 12:17pm
Quoting SkyzerFX
There is no bull or bear failure as GOLD just ranging for the last week or so.

Gold will not drop from here, unless OIL also drops.

I'd not be surprised, if GOLD actually move up little bit, if Bernanke reappointed

later today. Besides GOLD prices supported by both India and China,

which lately seen as constant buyers ahead of the Lunar New Year

and Indian Pushya Nakshatra.
and?

wait till below 1065........................
those who can, do. those who cant, talk about those who can
  • #185,590
  • Jan 27, 2010 12:18pm Jan 27, 2010 12:18pm
Quoting SkyzerFX
1) Interest rate higher in EURO zone than in US

"purchasing power" it's no argument for Currency valuation.

Interest rate + Economy status.

Also Ideal EU should be at 1=1, but Currencies are manipulated (by setting artificially low interest rates,

growing money supply and other factors) lower to

get Economic advantage against other trading partners. Basically FED needs

lower Dollar and inflation to boost Economy first and then deal with consequences of low currency value,

such as maintain USD Reserve currency status and possibly higher...
Over the long-term, currency valuations are driven by differential inflation resulting in PPP shifts. This is a big reason why the yen has been gaining versus the dollar over the last 2 decades despite Japan having a lower interest over the last 2 decades.
Number #1 in PnL and Pips on Dukascopy Trader Contest since 2011
  • #185,591
  • Jan 27, 2010 12:18pm Jan 27, 2010 12:18pm
on 3 different positions.

long now from 1.40314.

sl at be above 1.4042 and another long there.

going live the 1st of february. hope that, if i loose my money, it goes to one of you. LOL

hapipipin
dreams do come true.
  • #185,592
  • Jan 27, 2010 12:19pm Jan 27, 2010 12:19pm
Look at Oil!
  • #185,593
  • Jan 27, 2010 12:20pm Jan 27, 2010 12:20pm
Quoting Nomi1
i sm long at 85 hopin to scalp. am in troble as i am not sure it will drop further wat do u al think
Do you mean long from 14085? You have about 50 points to make up. That might be a tall order for today. It seems to be holding, but if S1 goes it could be difficult to hold on.
  • #185,594
  • Jan 27, 2010 12:26pm Jan 27, 2010 12:26pm
Quoting Driver55
Yes, but I work with Ny Time
Hey Driver, I was wondering why you use the NY time as your chart time. Is it just default on your platform or is there some advantage you have found. The reason I ask is that I only use candles and S&R line for my trades. I live in AZ, USA and have my chart set to GMT, I would like to use my time zone just because it's my time zone. I am wondering if it realy even matters, I might be wondering for no reason, what is your thoughts and everyone for that matter.

P.S I am not asking you to justify why you use NY time just curious thats all
  • #185,595
  • Jan 27, 2010 12:28pm Jan 27, 2010 12:28pm
sorry i meant gold 1085
  • #185,596
  • Jan 27, 2010 12:29pm Jan 27, 2010 12:29pm
Some dude told me the Federal Funds Rate will be set to 0.5% and dollar will soar. He works in a big bank. I can't decide what to do now.
We will never forget you Karlo
  • #185,597
  • Jan 27, 2010 12:29pm Jan 27, 2010 12:29pm
Quoting Nomi1
i sm long at 85 hopin to scalp. am in troble as i am not sure it will drop further wat do u al think
I think you get the chance to close . I have few at 50 area & pending buys at lower levels . it may fall to 1.40 & little lower & should not be free fall without chalenge at this great psychological level.tp set to 1.4096 & 1.4120.
wish you good luck.
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #185,598
  • Jan 27, 2010 12:29pm Jan 27, 2010 12:29pm
aud/usd post new low, here we go
  • #185,599
  • Jan 27, 2010 12:30pm Jan 27, 2010 12:30pm
Quoting Nomi1
why is gold fallin so much how low can it go.

Take a look at the TL, will be interesting to see how EU responds when gold starts testing that 1060 area.



On a side note, been enjoying being an avid reader for some time, thought I'd chime in on what looks like could be an interesting day.
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This is what awesome feels like
  • #185,600
  • Jan 27, 2010 12:31pm Jan 27, 2010 12:31pm
remember
http://www.forexfactory.com/showthre...39#post3406939
The best thing that can happen to you is to find out where you're wrong.
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