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All Majors and Gold

  • #4,961
  • Apr 22, 2013 2:32pm Apr 22, 2013 2:32pm
Quoting gnomoneey
did everybody see what is being done with gold since last week?

they r slowly taking it to top
  • #4,962
  • Apr 22, 2013 2:38pm Apr 22, 2013 2:38pm
Quoting gnomoneey
did everybody see what is being done with gold since last week?
Yes. they got my money, and now everything becomes normal

This is typical gold pair. Its all about manipulation. It even didn't bounce once from major support 1520s and 1470s.
  • #4,963
  • Apr 22, 2013 2:55pm Apr 22, 2013 2:55pm
Quoting fx83
{quote} Yes. they got my money, and now everything becomes normal This is typical gold pair. Its all about manipulation. It even didn't bounce once from major support 1520s and 1470s.

Enjoy the ride up to 1500, cheers.

P.s. Silver is due to breakout on the 4hr chart, like a tightly wound spring...enjoy the green GLTA
"It is not enough to have a good mind; the main thing is to use it well"
  • #4,964
  • Apr 22, 2013 2:55pm Apr 22, 2013 2:55pm
Quoting letscry
{quote} they r slowly taking it to top
continue or topped out already?
Wooooohooooo or Boooooohooooo
  • #4,965
  • Apr 22, 2013 3:04pm Apr 22, 2013 3:04pm
if we look at the long bars in little time frames like 5 mins we see high volume of buying interest, it goes about 10$ to up than slow than go up again, after every going up i bet ppl are shorting it , it fall to 1325 from 1560 area in 2 days and in 1 week we go up more than 100$, before last friday gold was moving in a 20-25 $ a day range but after that drop day retracements are nearly 50$ a day, i think we continue to go up slowly we wont recognize how the fuk we came back to 1600 area again..
  • #4,966
  • Apr 22, 2013 3:14pm Apr 22, 2013 3:14pm
Quoting letscry
if we look at the long bars in little time frames like 5 mins we see high volume of buying interest, it goes about 10$ to up than slow than go up again, after every going up i bet ppl are shorting it , it fall to 1325 from 1560 area in 2 days and in 1 week we go up more than 100$, before last friday gold was moving in a 20-25 $ a day range but after that drop day retracements are nearly 50$ a day, i think we continue to go up slowly we wont recognize how the fuk we came back to 1600 area again..

Spot on . The sleeper is silver, that will start moving 2% a day imo
"It is not enough to have a good mind; the main thing is to use it well"
  • #4,967
  • Apr 22, 2013 4:05pm Apr 22, 2013 4:05pm
Quoting letscry
if we look at the long bars in little time frames like 5 mins we see high volume of buying interest, it goes about 10$ to up than slow than go up again, after every going up i bet ppl are shorting it , it fall to 1325 from 1560 area in 2 days and in 1 week we go up more than 100$, before last friday gold was moving in a 20-25 $ a day range but after that drop day retracements are nearly 50$ a day, i think we continue to go up slowly we wont recognize how the fuk we came back to 1600 area again..

slow retracement is typical with this pair....
it has two screnerio
-a forming of hs to 139x then 143x again for right top of shoulder

next scenario is a slow climb to 1500 but still looking very bearish after that....

this is only current view with current actions......

any comments welcome...
Wooooohooooo or Boooooohooooo
  • #4,968
  • Apr 22, 2013 4:17pm Apr 22, 2013 4:17pm
Quoting gnomoneey
{quote} slow retracement is typical with this pair.... it has two screnerio -a forming of hs to 139x then 143x again for right top of shoulder next scenario is a slow climb to 1500 but still looking very bearish after that.... this is only current view with current actions...... any comments welcome...
bearish view
can this happen?
1391
1425
1391-50=1341
1403
1341-100=1241

bullish view
rise to 1459
1485
1504
1532
1553
1590
Wooooohooooo or Boooooohooooo
  • #4,969
  • Apr 22, 2013 4:36pm Apr 22, 2013 4:36pm
above 1406 we r long according to me targets are 1444,1463 and 1492 wihch is most important 1 i think.
  • #4,970
  • Apr 22, 2013 5:43pm Apr 22, 2013 5:43pm
  •  Noeliu
  • | Joined Apr 2013 | Status: Hit SL?? Clicked the wrong button | 51 Posts
Hi there! I'm new on the forum, and still have to learn a lot on forex and commodities. I have one question/theory. Please give your wisdom out.

What if:

The Big Fishes on Gold are holding great amounts of real gold, and want the price up? (I dont think they like to hold the same gold but 200$/and ounz cheaper)


they are fooling everybody with a spike up every now and then and then catching everybody's SL on the drop? (would it be gold holders move, or brokers move?)


and last but not least... how do they manipulate the market? buying real gold, or just making rumors and getting them to the right persons to spread?


Thanks for helping me (and many others) understand this subject!
  • #4,971
  • Apr 22, 2013 5:59pm Apr 22, 2013 5:59pm
Quoting Noeliu
Hi there! I'm new on the forum, and still have to learn a lot on forex and commodities. I have one question/theory. Please give your wisdom out. What if: The Big Fishes on Gold are holding great amounts of real gold, and want the price up? (I dont think they like to hold the same gold but 200$/and ounz cheaper) they are fooling everybody with a spike up every now and then and then catching everybody's SL on the drop? (would it be gold holders move, or brokers move?) and last but not least... how do they manipulate the market? buying real gold, or...
not good at explaining.....

read here, good resource

http://www.jsmineset.com/
Wooooohooooo or Boooooohooooo
  • #4,972
  • Apr 22, 2013 6:00pm Apr 22, 2013 6:00pm
Well on the 4H, it is currently butting up against the 38FIB, and bounced off a few times. Two scenarios short-term and I think China data will have impact: Flash PMI is positive, gold has a change to target 50% retracement at 1462. If not, could see some more downside. Short-term slightly bullish. Long-term slightly bearish.

The weekly showed a nice double bottom bounce. On the weekly, I think we can see 1483. As always, I think gold is a trade and not something to carry in regards to a brokerage portfolio (maybe some physical bullion on location). EMA_RSI on the daily is barely out of oversold territory, so may be some buying. Gold bugs are like roaches (no offense!). They will withstand the test of time and no matter how many of their friends you kill, they still invade the market.
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When the facts change I change my mind, what do you do sir
  • #4,973
  • Apr 22, 2013 6:07pm Apr 22, 2013 6:07pm
Quoting Pip Anon
Well on the 4H, it is currently butting up against the 38FIB, and bounced off a few times. Two scenarios short-term and I think China data will have impact: Flash PMI is positive, gold has a change to target 50% retracement at 1462. If not, could see some more downside. Short-term slightly bullish. Long-term slightly bearish. The weekly showed a nice double bottom bounce. On the weekly, I think we can see 1483. As always, I think gold is a trade and not something to carry in regards to a brokerage portfolio (maybe some physical bullion on location)....
thanks Pip Anon......cockroaches are forex traders....hahahaha

a break above todays high should go for 1462 for sure....
a stay below 1430 should get 1416 or lower imo
Wooooohooooo or Boooooohooooo
  • #4,974
  • Apr 22, 2013 6:16pm Apr 22, 2013 6:16pm
Quoting gnomoneey
{quote} thanks Pip Anon......cockroaches are forex traders....hahahaha a break above todays high should go for 1462 for sure.... a stay below 1430 should get 1416 or lower imo
A trader is a trader lol. However, Gold Bugs have this devotion that is unshakable I've traded crude, gas, nat. gas, heating oil, palladium, platinum, gold, silver, copper (unfortunately), currency, bonds, interest rates lol. Impartial as long as it is a profitable opportunity.

I hope there is some movement because I hate these consolidation/few dollar candle ranges
When the facts change I change my mind, what do you do sir
  • #4,975
  • Apr 22, 2013 6:18pm Apr 22, 2013 6:18pm
Quoting Pip Anon
{quote} A trader is a trader lol. However, Gold Bugs have this devotion that is unshakable I've traded crude, gas, nat. gas, heating oil, palladium, platinum, gold, silver, copper (unfortunately), currency, bonds, interest rates lol. Impartial as long as it is a profitable opportunity. I hope there is some movement because I hate these consolidation/few dollar candle ranges
movement coming end of week or Wednesday next week...
Wooooohooooo or Boooooohooooo
  • #4,976
  • Apr 22, 2013 6:21pm Apr 22, 2013 6:21pm
Quoting Pip Anon
{quote} A trader is a trader lol. However, Gold Bugs have this devotion that is unshakable I've traded crude, gas, nat. gas, heating oil, palladium, platinum, gold, silver, copper (unfortunately), currency, bonds, interest rates lol. Impartial as long as it is a profitable opportunity. I hope there is some movement because I hate these consolidation/few dollar candle ranges
april 25 gold options expiry and settlement.....movement will definitely happen
Wooooohooooo or Boooooohooooo
  • #4,977
  • Apr 22, 2013 6:23pm Apr 22, 2013 6:23pm
Quoting gnomoneey
{quote} slow retracement is typical with this pair.... it has two screnerio -a forming of hs to 139x then 143x again for right top of shoulder next scenario is a slow climb to 1500 but still looking very bearish after that.... this is only current view with current actions...... any comments welcome...


Hi G,


Looking for another move down so looking at fibs of previous move.


Took this one as looking for another move down whether we are in 4th wave or abc correction. Out now as tp on pa, but watching fibs.
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The world you desire can be won. It exists.. it is real.. it is possible..
  • #4,978
  • Apr 22, 2013 6:27pm Apr 22, 2013 6:27pm
Quoting Mr. Scott
{quote} Hi G, Looking for another move down so looking at fibs of previous move. Took this one as looking for another move down whether we are in 4th wave or abc correction. Out now as tp on pa, but watching fibs. {image} {image}
sounds like a plan....
i tend to be more bearish still....
Wooooohooooo or Boooooohooooo
  • #4,979
  • Apr 22, 2013 6:44pm Apr 22, 2013 6:44pm
Quoting gnomoneey
{quote} sounds like a plan.... i tend to be more bearish still....
P/C ratio is slightly over 1. Generally a bearish sign, but may be a constrain indicator. According to my data, there is only 300 or so more puts than calls. Pretty close.
When the facts change I change my mind, what do you do sir
  • #4,980
  • Apr 22, 2013 7:56pm Apr 22, 2013 7:56pm
Im not in a trade at the moment but I do have gold following a nice bear flag on the 1hr..

anyone got similar thing?
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"Millionaires don't use astrology, billionaires do"
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