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so today 1 win, 1 lose.

1 win, shorted technically at top in the morning.
1 lose, longed technically. still believe that I lost to fed, goldman sachs...
looks like fed minutes spoiled bull party
gone long at 69 although my chart is still bearish....enough is enough!...now it should reverse..or i'l be in doubt that the bull is back
interestingly, gold sold off on the fed leak and then got bought and now the same happened with inventories....could it be the reversal once news is digested? although it still looks weak..

EDIT : And now it has formed a pattern that is likely to result in the price heading towards low 50s i.e. pre NFP anouncement.
Cyprus to sell 400 mln euros worth of gold reserves to finance part of its bailout - troika documents - rtrs
london closing is never good for gold bulls but if this low is maintained...i will still be hoping for a weekly's close above 1580 ..and if the monthly closing is below the previous month...then i'l consider what goldman has got to say
Quoting lexazver
Cyprus to sell 400 mln euros worth of gold reserves to finance part of its bailout - troika documents - rtrs

this has nothing to do with price as far as i am concerned
if this next hour stages a substantial pullback then not all is lost, otherwise im very bearish...

and by substantial i mean close of at least 77
i think trader has to accept rules of this game.
it is obvious that rules are made by fed, etc. intitutions.

now gold is bearish, there are some dynamics behind it. so why don't we short gold
and earn money until current dynamics changes to bullish.

Quoting lexazver
if this next hour stages a substantial pullback then not all is lost, otherwise im very bearish...
i should have shorted after 1590 was rejected
Quoting samadum
i think trader has to accept rules of this game. it is obvious that rules are made by fed, etc. intitutions. now gold is bearish, there are some dynamics behind it. so why don't we short gold and earn money until current dynamics changes to bullish.
its just the way it came down, it wasnt a straight line it was chopping down, so some people were buying dips while others were selling pullbacks... the market is not as straight forward now (of course it never is but right now im finding it extremely difficult to judge) hence I would hesitate to long or short as of now...
Quoting deepak925
sticking to the zone.. {image}
Your levels workin good I made $57 kindly post more
Cyprus to raise EU400M by selling excess gold according to EU


is that mean gold will go down again?
Quoting Gbpnewbird
Cyprus to raise EU400M by selling excess gold according to EU is that mean gold will go down again?
Hopefully it is "price in" in the current range.
wow should have shorted this o_O
how low can it go, whats the next support level?
Quoting lexazver
wow should have shorted this o_O
Hahaha
I had 1589 yesterday but sold too early. Like $22 too early

Boooohoooo
Wooooohooooo or Boooooohooooo
Quoting manilaguy
how low can it go, whats the next support level?
We r in the price when NFP noise took affect
Wooooohooooo or Boooooohooooo
Quoting manilaguy
how low can it go, whats the next support level?
1545's area is looks like a resistance for me.
Bear the bull's consequence...
gona try long from 1562 if we get there
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