Simple Gold Trading EA for more profits

waiting for for the low price to buy...where n when still do know...

I love the logic behind this method so simple!

elliot

is this bearish divergence for silver on daily charts

GOLD touch 1717 .it is a good support. it is end of Elliott wave 4 and 2 Fibonacci retrenchment position . i think it is time for continue trend.

think gold will rise again ,,
http://www.forexfactory.com/attachme...1&d=1353242360

Hello pips I can tell you that Gold is going bearish after my analysis and will surely get to 1733.14 but not so sure if it will continue downwards.

happy profits guys

I am Long on Gold for the long term. Regardless of the interim price movement of the metal, fundamental dictates that it has a long way to go in terms of upward valuation.

I expect Gold to hit USD$2000 by the first quarter of 2013.

Most bizarre pic I ever saw ( I think you work for CNBC undercover .. Those guys in Congress will go bankrupt in few years and you telling me that Gold is in a Bubble

and it's going to 1460? We'll break 2000$/oz soon enough... You won't be able to print your next chart..

Mark this post.. I don't care what your Picasso Art Graphics are showing.. Real Bubble is in US Dollars and World Wide Debt..

That's where the real bubble is.. Let me tell ya, go short and Let's watch and see, how about that?

The reason why we have current slightly bearish activity is Year end profit taken.. That's all..

I was arguing with John Nadler from Kitco about 3 years ago via email, his target for Gold was $750/oz back then.. Guess what????

He lost his bid and his charts sucks, but he still preaching Gold collapse up to this day, you can read his

posts daily at kitco.com.. In fact very first post is made by him still..

Spot up 0.3 % to $1,676.85 and was at $1,674.80 in Asian hours , Fell to $1,661.10 yesterday, the lowest
since Aug. 31, Gold February up s 0.4 % to $1,677.80 , Silver up 0.6 % to $31.815 . Platinum up 0.4 %
to $1,598.75 and was at $1,596.75. Palladium gained 0.2 % to $689.50 .

just wondering what news i should follow to trade gold ? can anyone tell me .
cause last week gold was suddenly drop to 1635 and i lost 80% of my equity .

just see the data from forexfactory...like unemployment job claims and other high impact data which may affect it.and also EURUSD .u have to analyse it for atleast one month and u will know how it affects and what to do ??

Am i right senior members ? Is there any other indicators that have to be watched ???

Could we see a Reversal on Gold soon and its uptrend once again..its almost near its Support on the weekly chart while many analysts are predicting a 1700.00 on XAUUSD come in the near future...

dear bro, I've learned my lesson using robots in trading online, now I return the focus to hone my skills in reading technical analysis chart gold, if you are pleased with my daily technical analysis, please visit my gold journal

Gold has remained an auspicious gift, whether it's for a new born baby or for a newly married couple that’s good investment. I will suggest you Gold ETF Investment is a smarter option over any form of gold investment.

Article that came out today.
Interesting point of view here.

As bad as the rout has been in gold this year, it keeps getting more expensive relative to silver.
The ratio, now at the highest in five years, is of concern to gold investors because it may signal more declines.
"Gold is overvalued to silver," Yoni Jacobs, the chief investment strategist at Chart Prophet Capital, said yesterday in a telephone interview. "It looks like gold could fall more. People are realizing it is not a good investment when the equity markets go up and as the dollar is getting stronger."
The metal is also still expensive relative to some other commodities, with its ratio to crude oil last week reaching the highest in 17 months. More than $7 billion has been wiped from the value of precious metals-backed funds in two weeks, data compiled by Bloomberg show. The dollar climbed to a five-year high yesterday against a basket of 10 currencies, and the Federal Reserve is moving closer to raising interest rates, eroding demand for hedges against inflation.

Chart H4: Yesterday Gold touches trend and down. 1190 will be the zone nearest resistance of Gold but also quite strong.


http://vangsaigon.com/iupload/images/xauusdh4hf.png

H1 Chart: Gold prices are touching the middle of the range Bollinger band. RSI hit 50 turned down. We waited beat 3 of Gold today on the 1170.

http://vangsaigon.com/iupload/images/xauusdh1hf.png

Sell vùng 1187 – 1190, Stop loss 1195, Take profit 1170.

Comments for reference.
I wish every successful trading!

Today Gold bearish to 1170...

Don't know if it's just me or i see a divergence on 4h chart and daily chart, cause on 4h i see a bull trend but on daily chart i see that we still are in a bear trend, maybe it's just a retracement what do you think?

I really think we are in a short-term rally on Gold, fuelled by uncertainty from Chinese GDP growth, Greek elections, ECB QE talks, Volatility returning on Equities markets.

I expect another retreat on Gold post Chinese New Year when I believe the commodities market (base metals and oil) will hit their lows and make a slow recovery through 2015.

I believe the contraction in commodities prices will provide lower cost of inputs for chinese manufacturing and enable chinese wage growth, which is fundamental for its change from Investment driven GDP growth to a greater Consumption driven GDP growth.

The commodities cycle will re-ignite again soon, perhaps not to the same scale of 2007, once India's economic reforms are complete and trigger a wave of growth, led by Investment in that large emerging economy. They will not import commodities like the Chinese, as the Indian economy doesn't appear to have the same economic model of centralised state owned companies that dominate the economy and can artificially drive GDP growth so high through malinvestment.

They say Gold is an inflationary hedge, but I think once Yields slowly start to return in the US then I expect another down-cycle on Gold in the short/medium term in USD terms. This will only occur if there is faith in the US and International monetary system, which I believe is being restored temporarily through the strengthening of the USD of recent.

I haven't ruled out another wave of QE in the US either, they want inflation and the recent drop in commodities prices in USD terms at the moment may foster deflationary pressures and they clearly want to avoid that at all costs.