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All Majors and Gold

  • #3,581
  • Mar 28, 2013 7:40am Mar 28, 2013 7:40am
hmmm, dont like this weak reaction to the news.
  • #3,582
  • Mar 28, 2013 7:42am Mar 28, 2013 7:42am
Quoting mark_it
I think this has caused some traders to go long, if Gold can pull itself over 1603.65, we could see it spike further.
also anything below 1600 should be a sign of more drop towards 1589
Wooooohooooo or Boooooohooooo
  • #3,583
  • Mar 28, 2013 7:45am Mar 28, 2013 7:45am
Quoting gnomoneey
also anything below 1600 should be a sign of more drop towards 1589
You could be right, which is why SLs are the saviours.
  • #3,584
  • Mar 28, 2013 7:50am Mar 28, 2013 7:50am
Quoting mark_it
You could be right, which is why SLs are the saviours.
take a look at the daily candle....showing we might head lower next week...

btw is market open on friday for xau.usd?
Wooooohooooo or Boooooohooooo
  • #3,585
  • Mar 28, 2013 7:51am Mar 28, 2013 7:51am
Do you guys know most brokers (if not all) are closing XAU today 21.00 GMT until sunday?
Plus end of quarter so in my opinion it makes no sense to interpret anything in small moves on days like this. Just sayin.
Q close important but days like these price action is always bit crazy.

Have some nice free days all
  • #3,586
  • Mar 28, 2013 8:00am Mar 28, 2013 8:00am
Quoting gnomoneey
take a look at the daily candle....showing we might head lower next week...
The market does look weak - I'm considering closing out, I'll decide at the turn of h1 and next m15.
  • #3,587
  • Mar 28, 2013 8:01am Mar 28, 2013 8:01am
Quoting mark_it
The market does look weak - I'm considering closing out, I'll decide at the turn of h1 and next m15.

wow what a drop
Wooooohooooo or Boooooohooooo
  • #3,588
  • Mar 28, 2013 8:02am Mar 28, 2013 8:02am
Quoting mark_it
The market does look weak - I'm considering closing out, I'll decide at the turn of h1 and next m15.
Looks like Gold was too heavy to fly. Short orders below 1587 still waiting if it decides to tank.

Still long with SL at 1590.50.
  • #3,589
  • Mar 28, 2013 8:03am Mar 28, 2013 8:03am
aaAAA Fook MEE, right to my stop it goes!
  • #3,590
  • Mar 28, 2013 8:04am Mar 28, 2013 8:04am
Quoting lexazver
aaAAA Fook MEE, right to my stop it goes!
down n up 800pips in one minute
Wooooohooooo or Boooooohooooo
  • #3,591
  • Mar 28, 2013 8:05am Mar 28, 2013 8:05am
Quoting lexazver
aaAAA Fook MEE, right to my stop it goes!
sorry to hear that
Wooooohooooo or Boooooohooooo
  • #3,592
  • Mar 28, 2013 8:09am Mar 28, 2013 8:09am
Quoting lexazver
aaAAA Fook MEE, right to my stop it goes!
You live to fight another day - well done.
  • #3,593
  • Mar 28, 2013 8:12am Mar 28, 2013 8:12am
Gold has already bounced from 1595.26. It could try for a lower 1593.66 - we'll see.

After that I think the bears will be exhausted, for how long is anyone's guess.
  • #3,594
  • Mar 28, 2013 8:15am Mar 28, 2013 8:15am
where are we going to close for the month...

this monthly
open 1581
high of 1617
Wooooohooooo or Boooooohooooo
  • #3,595
  • Mar 28, 2013 8:22am Mar 28, 2013 8:22am
Quoting gnomoneey
lex and mark great job

for me i need to shutdown mt4 or else i will do something i will regret....
it was good i trusted my system and my abilities....instead of losing lots i'm now in the green

again sorry to hear you guys are in the red.....
Wooooohooooo or Boooooohooooo
  • #3,596
  • Mar 28, 2013 8:28am Mar 28, 2013 8:28am
Quoting gnomoneey
gold view for today

Attachment
still looking at this...1591 as the support...will it break down or bounce up

Attached Image (click to enlarge)
Click to Enlarge Name: xaumarch28redchannel.gif Size: 31 KB
Wooooohooooo or Boooooohooooo
  • #3,597
  • Mar 28, 2013 8:31am Mar 28, 2013 8:31am
Quoting gnomoneey
it was good i trusted my system and my abilities....instead of losing lots i'm now in the green

again sorry to hear you guys are in the red.....
Yep, in the red at the moment. However, down but not out.

I'm prepared to wait on this current long position, if it dips below 1592, I may have to call it in.

Otherwise, my SL has allowed for this volatility - we'll see.
  • #3,598
  • Mar 28, 2013 9:00am Mar 28, 2013 9:00am
Quoting mark_it
Yep, in the red at the moment. However, down but not out.

I'm prepared to wait on this current long position, if it dips below 1592, I may have to call it in.

Otherwise, my SL has allowed for this volatility - we'll see.
the more i look at the charts the more i see down move....

d1 and w1 are showing down week for next week....
Wooooohooooo or Boooooohooooo
  • #3,599
  • Mar 28, 2013 9:06am Mar 28, 2013 9:06am
Quoting gnomoneey
the more i look at the charts the more i see down move....

d1 and w1 are showing down week for next week....
potential drop to 1587[50%fib] and then 1577[61.8%fib]
Wooooohooooo or Boooooohooooo
  • #3,600
  • Mar 28, 2013 9:11am Mar 28, 2013 9:11am
potential retrace from down move is 1601
Wooooohooooo or Boooooohooooo
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