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All Majors and Gold

  • #1,721
  • Dec 12, 2012 7:19pm Dec 12, 2012 7:19pm
Quoting gnomoneey
stop loss hunting ....nice just like this morning ....let's see if it goes back to $1710
I just took another 400pips haha.. 3 units !!

Now no idea where is gold direction.. I believe is Asian follow trend.. That why great drop just now..
  • #1,722
  • Dec 12, 2012 7:21pm Dec 12, 2012 7:21pm
Quoting k3nshinz3139
I just took another 400pips haha.. 3 units !!

Now no idea where is gold direction.. I believe is Asian follow trend.. That why great drop just now..
there is no news other than what happen this afternoon....this drop of this size is most likey sl hunting....watch this go higher slowly...
Wooooohooooo or Boooooohooooo
  • #1,723
  • Dec 12, 2012 7:25pm Dec 12, 2012 7:25pm
Quoting gnomoneey
there is no news other than what happen this afternoon....this drop of this size is most likey sl hunting....watch this go higher slowly...
Yes.. Weird.. Another weird scene.. I hope now is good entry point for long !! hhaha
  • #1,724
  • Dec 12, 2012 7:30pm Dec 12, 2012 7:30pm
Personally I think Gold is having an identity crisis ,torn between a safe haven and a risk on asset, add to this the fact that its year end and we have a recipe for a major downturn in Gold. If Gold was to show any upward momentum it would have come from the FOMC minutes, failing that , I think that any bullishness in gold is nothing more than pure fantasy.I would look for a break of 1685 as an indicator for some major downside movement before year end.
Officer ... I swear to drunk I am not God
  • #1,725
  • Dec 12, 2012 7:32pm Dec 12, 2012 7:32pm
look at this chart and here are the choices we currently have...dangerous still....
aqua dt channel with hs....right shoulder neckline is 167x
blue uptrend channel just bounce off support up to 173x- also aqua channel resistance
Attached Image (click to enlarge)
Click to Enlarge Name: xudec12hsh4.gif Size: 34 KB
Wooooohooooo or Boooooohooooo
  • #1,726
  • Dec 12, 2012 7:37pm Dec 12, 2012 7:37pm
Quoting Fidza
Personally I think Gold is having an identity crisis ,torn between a safe haven and a risk on asset, add to this the fact that its year end and we have a recipe for a major downturn in Gold. If Gold was to show any upward momentum it would have come from the FOMC minutes, failing that , I think that any bullishness in gold is nothing more than pure fantasy.I would look for a break of 1685 as an indicator for some major downside movement before year end.
welcome Fidza....

any reason you picked that level 1685....please post chart

thanks and please post whenever you will

G
Wooooohooooo or Boooooohooooo
  • #1,727
  • Dec 12, 2012 7:37pm Dec 12, 2012 7:37pm
Quoting gnomoneey
look at this chart and here are the choices we currently have...dangerous still....
aqua dt channel with hs....right shoulder neckline is 167x
blue uptrend channel just bounce off support up to 173x- also aqua channel resistance
My H4 chart is telling me the chance of the trend is up is 2% more than down..
  • #1,728
  • Dec 12, 2012 7:39pm Dec 12, 2012 7:39pm
Quoting k3nshinz3139
My H4 chart is telling me the chance of the trend is up is 2% more than down..
please show me what you are seeing.....post a chart

thanks

G
Wooooohooooo or Boooooohooooo
  • #1,729
  • Dec 12, 2012 7:41pm Dec 12, 2012 7:41pm
Quoting gnomoneey
please show me what you are seeing.....post a chart

thanks

G
Just a trend line from H4 candle.. Sorry right now cant provide.. I am in office
Just now I draw at home..
  • #1,730
  • Dec 12, 2012 7:45pm Dec 12, 2012 7:45pm
Quoting k3nshinz3139
Just a trend line from H4 candle.. Sorry right now cant provide.. I am in office
Just now I draw at home..
when you can please do so....i just want to understand what you are seeing....for me to confusing but it could be because i've been looking at this thing for about 15hrs now....
Wooooohooooo or Boooooohooooo
  • #1,731
  • Dec 12, 2012 7:46pm Dec 12, 2012 7:46pm
Quoting gnomoneey
when you can please do so....i just want to understand what you are seeing....for me to confusing but it could be because i've been looking at this thing for about 15hrs now....
Sure cheer !!
  • #1,732
  • Dec 12, 2012 7:47pm Dec 12, 2012 7:47pm
Quoting gnomoneey
welcome Fidza....

any reason you picked that level 1685....please post chart

thanks and please post whenever you will

G
Thanks Gno I see 1685/6 as first point of support followed to a lesser extent by 1675 and then 1650
On H1 I have what appears to be a false inverse HS 1685/6
Attached Image (click to enlarge)
Click to Enlarge Name: xau h1.png Size: 52 KB
Officer ... I swear to drunk I am not God
  • #1,733
  • Dec 12, 2012 7:47pm Dec 12, 2012 7:47pm
Quoting k3nshinz3139
Sure cheer !!
thanks...
Wooooohooooo or Boooooohooooo
  • #1,734
  • Dec 12, 2012 7:51pm Dec 12, 2012 7:51pm
Quoting Fidza
Thanks Gno I see 1685/6 as first point of support followed to a lesser extent by 1675 and then 1650
On H1 I have what appears to be a false inverse HS 1685/6
thanks..i think i mentioned that failed hs sometime today...
Wooooohooooo or Boooooohooooo
  • #1,735
  • Dec 12, 2012 7:55pm Dec 12, 2012 7:55pm
Hope you followed the crowd and got some pips. I have a fib level around 1691 area......anyone else looking at that? Then next support around 85
  • #1,736
  • Dec 12, 2012 7:58pm Dec 12, 2012 7:58pm
Quoting gman29
Hope you followed the crowd and got some pips. I have a fib level around 1691 area......anyone else looking at that? Then next support around 85
post a chart gman29....so i can see what u are saying...me picture literate now word literate
Wooooohooooo or Boooooohooooo
  • #1,737
  • Dec 12, 2012 8:02pm Dec 12, 2012 8:02pm
i cant wait until 2013 comes...enough of this december bs.....
Wooooohooooo or Boooooohooooo
  • #1,738
  • Dec 12, 2012 8:06pm Dec 12, 2012 8:06pm
so double bottom($1694) m30 downward tf....do you have the cohones to long?
Wooooohooooo or Boooooohooooo
  • #1,739
  • Dec 12, 2012 8:15pm Dec 12, 2012 8:15pm
I am long 1694.5 TP Manual.. SL N/A

  • #1,740
  • Dec 12, 2012 8:17pm Dec 12, 2012 8:17pm
Quoting k3nshinz3139
I am long 1694.5 TP Manual.. SL N/A

you the man with balls
Wooooohooooo or Boooooohooooo
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