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All Majors and Gold

  • #1,201
  • Dec 4, 2012 9:32am Dec 4, 2012 9:32am
gm all.....keep up the good work....

i'm not trading much this morning....

it has to close below 1696 in daily for bearish continuation
Wooooohooooo or Boooooohooooo
  • #1,202
  • Dec 4, 2012 9:33am Dec 4, 2012 9:33am
Quoting reenato
Where can you see H&S? H4?
http://www.forexfactory.com/showthre...78#post6250978
Wooooohooooo or Boooooohooooo
  • #1,203
  • Dec 4, 2012 9:35am Dec 4, 2012 9:35am
Quoting gnomoneey
gm all.....keep up the good work....

i'm not trading much this morning....

it has to close below 1696 in daily for bearish continuation
You are right here GM. Either setup short from around 1720 or wait for close below the most recent low...

olu
If you think you can or cannot do it you are correct
  • #1,204
  • Dec 4, 2012 9:40am Dec 4, 2012 9:40am
Quoting Olu
You are right here GM. Either setup short from around 1720 or wait for close below the most recent low...

olu
i guess this thread has been mostly gold.....c'est la vie..

when i started it was hard to find a thread that can help out with gold....so glad it's getting popular for that ...

keep up the good work....
Wooooohooooo or Boooooohooooo
  • #1,205
  • Edited 11:07am Dec 4, 2012 10:01am | Edited 11:07am
still have these trades from yesterday

long xau.usd 1713 ---not worried about this as price will get up there may it be one week or one year

short aud.usd 1.0420 ---very puzzled why a country who cuts rate gains in price...so for now i'm still in it

as Olu stated why gold drops while au, eu, gu increases.....does this mean that usd is accumulating and forcing gold lower for qe3 or qe4....

or is it eu buying gold and forcing it lower for better price

all i know it's a weird time
Wooooohooooo or Boooooohooooo
  • #1,206
  • Dec 4, 2012 11:32am Dec 4, 2012 11:32am
Quoting gnomoneey
still have these trades from yesterday

long xau.usd 1713 ---not worried about this as price will get up there may it be one week or one year

short aud.usd 1.0420 ---very puzzled why a country who cuts rate gains in price...so for now i'm still in it

as Olu stated why gold drops while au, eu, gu increases.....does this mean that usd is accumulating and forcing gold lower for qe3 or qe4....

or is it eu buying gold and forcing it lower for better price

all i know it's a weird time
Its a mad mad world...

olu
If you think you can or cannot do it you are correct
  • #1,207
  • Dec 4, 2012 11:40am Dec 4, 2012 11:40am
here's what i see
if it stays below red tl bearish
above bullish
also look at present level as pivot points for either up or down....very vital point in price imo
look at blue horizontal line on second chart and see what happens when its in that area

Attached Image (click to enlarge)
Click to Enlarge Name: xudec4d1.gif Size: 25 KB


Attached Image (click to enlarge)
Click to Enlarge Name: xudec4d1blue.gif Size: 26 KB
Wooooohooooo or Boooooohooooo
  • #1,208
  • Dec 4, 2012 11:44am Dec 4, 2012 11:44am
Quoting gnomoneey
here's what i see
if it stays below red tl bearish
above bullish
also look at present level as pivot points for either up or down....very vital point in price imo
look at blue horizontal line on second chart and see what happens when its in that area

Attachment

Attachment
looking at these charts red tl is very strong and support was pierced...would it stay under...but also remember tl is upward....so resistance is increasing as time goes by.....
then like mentioned look at certain pivot points....zoom out and it will give you a view that you can understand direction gold is positioning itself....
Wooooohooooo or Boooooohooooo
  • #1,209
  • Dec 4, 2012 11:55am Dec 4, 2012 11:55am
Quoting gnomoneey
looking at these charts red tl is very strong and support was pierced...would it stay under...but also remember tl is upward....so resistance is increasing as time goes by.....
then like mentioned look at certain pivot points....zoom out and it will give you a view that you can understand direction gold is positioning itself....
1686 and 1672 are areas of support for gold
Wooooohooooo or Boooooohooooo
  • #1,210
  • Dec 4, 2012 12:02pm Dec 4, 2012 12:02pm
ok last view on gold for today.....
look at bluezone if 1672support is broken

Attached Image (click to enlarge)
Click to Enlarge Name: xudec4d1bluezone.gif Size: 26 KB
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  • #1,211
  • Dec 4, 2012 12:03pm Dec 4, 2012 12:03pm
comments...anyone.....
Wooooohooooo or Boooooohooooo
  • #1,212
  • Dec 4, 2012 12:07pm Dec 4, 2012 12:07pm
Quoting gnomoneey
comments...anyone.....
will wait for 1677 to hit first..
Attached Image (click to enlarge)
Click to Enlarge Name: 1677.png Size: 65 KB
GBP/USD
  • #1,213
  • Dec 4, 2012 12:10pm Dec 4, 2012 12:10pm
Quoting gnomoneey
1686 and 1672 are areas of support for gold
while Usd is weak against all pairs, Gold is loosing weight, what if Usd starts gaining? although I have a long order at 1650 but I AM DOUBTFUL IF 1650 CAN HOLD, maybe before going to 2000 area which is expected for early 2013 we see 15ish too.
  • #1,214
  • Dec 4, 2012 12:14pm Dec 4, 2012 12:14pm
With gold dropping we are seeing that usd fiscal cliff is being viewed by gold market as being solved. The more it drops the more the market thinks the world economy is getting better.
But it's confusing me why eu pair is still climbing. There is something funny happening IMO.
I hate it when things don't make sense. I guess I'm an idiot that way.
Anyone have any opinions why eu and gold are decoupling this week?
Wooooohooooo or Boooooohooooo
  • #1,215
  • Dec 4, 2012 12:15pm Dec 4, 2012 12:15pm
Quoting holmes
while Usd is weak against all pairs, Gold is loosing weight, what if Usd starts gaining? although I have a long order at 1650 but I AM DOUBTFUL IF 1650 CAN HOLD, maybe before going to 2000 area which is expected for early 2013 we see 15ish too.
if we go by last december u could be right..
Attached Image (click to enlarge)
Click to Enlarge Name: 1677.png Size: 80 KB
GBP/USD
  • #1,216
  • Dec 4, 2012 12:15pm Dec 4, 2012 12:15pm
Quoting holmes
while Usd is weak against all pairs, Gold is loosing weight, what if Usd starts gaining? although I have a long order at 1650 but I AM DOUBTFUL IF 1650 CAN HOLD, maybe before going to 2000 area which is expected for early 2013 we see 15ish too.
TA wise it is quite possible.
Wooooohooooo or Boooooohooooo
  • #1,217
  • Dec 4, 2012 12:18pm Dec 4, 2012 12:18pm
Quoting deepak925
if we go by last december u could be right..
I'm been saying that inverse HS is possible.
But eu pair is not going same direction as gold.
Which I find very weird and need some fundi to explain to me.
Wooooohooooo or Boooooohooooo
  • #1,218
  • Dec 4, 2012 12:28pm Dec 4, 2012 12:28pm
people think that 'fiscal cliff' is unavoidable, and their reaction is eur/usd appreciating...

as for gold: I think the market wasn't ready for upper levels even though everyone was bullish on gold... (people commenting on gold ~1750 on new year vs.)
  • #1,219
  • Dec 4, 2012 12:29pm Dec 4, 2012 12:29pm
nice: market reaction at last before NY close
  • #1,220
  • Dec 4, 2012 12:30pm Dec 4, 2012 12:30pm
but why silver is gaining more ?
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