Attachments: All Majors and Gold

All Majors and Gold

#6,001
May 15, 2013 6:32pm May 15, 2013 6:32pm

k3nshinz3139
Joined Oct 2012 | Status: Chart can tell you everything! | 1,721 Posts

Quoting k3nshinz3139

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{quote} Emm.. Saw my phone is TP at 1395.. What a blur morning.. set wrong TP..

Ignored

Short 1393.. added order 1403 & 1383 for short..

#6,002
May 15, 2013 6:38pm May 15, 2013 6:38pm

razaali
Joined Mar 2013 | Status: Trader | 694 Posts

Quoting k3nshinz3139

Disliked

{quote} Short 1393.. added order 1403 & 1383 for short..

Ignored

me also short at 1392,waiting 1400 for more and tp 1370

#6,003
May 15, 2013 6:40pm May 15, 2013 6:40pm

gnomoneey
Joined Mar 2012 | Status: Gold anyone | 6,524 Posts

Quoting k3nshinz3139

Disliked

{quote} Emm.. Saw my phone is TP at 1395.. What a blur morning.. set wrong TP..

Ignored

a profit is a profit.....

Wooooohooooo or Boooooohooooo

#6,004
May 15, 2013 6:42pm May 15, 2013 6:42pm

k3nshinz3139
Joined Oct 2012 | Status: Chart can tell you everything! | 1,721 Posts

Quoting gnomoneey

Disliked

{quote} a profit is a profit.....

Ignored

Yes.. 600 pips is quite good already for me..
But I feel guilty for posted wrong info here.. 1399 is 1395..

#6,005
May 15, 2013 6:50pm May 15, 2013 6:50pm

Goldflake
Joined Apr 2012 | Status: Trader | 1,054 Posts

Gold double bottom is in progress. If I'm correct, it should test the previous bottom in coming 1-2 weeks.

When Scalpers win, I lose and Vice varsa...

#6,006
May 15, 2013 8:00pm May 15, 2013 8:00pm

gnomoneey
Joined Mar 2012 | Status: Gold anyone | 6,524 Posts

new h1 candle lets see what it does...under 1398 then 87 then 63
otherewise up

Wooooohooooo or Boooooohooooo

#6,007
May 15, 2013 9:04pm May 15, 2013 9:04pm

EricB
| Joined Mar 2009 | Status: Trader | 326 Posts

Gno and friends - please see this chart and tell me what you see - I will share with you what I think after.

Attached Image (click to enlarge)

Click to Enlarge

Name: gcot.jpg
Size: 214 KB

#6,008
May 15, 2013 9:14pm May 15, 2013 9:14pm

gnomoneey
Joined Mar 2012 | Status: Gold anyone | 6,524 Posts

Quoting EricB

Disliked

Gno and friends - please see this chart and tell me what you see - I will share with you what I think after. {image}

Ignored

totally buffled
please explain what i'm looking at

thanks,
G

Wooooohooooo or Boooooohooooo

#6,009
May 15, 2013 9:17pm May 15, 2013 9:17pm

iamboston
| Joined May 2010 | Status: Trader | 199 Posts

Quoting EricB

Disliked

Gno and friends - please see this chart and tell me what you see - I will share with you what I think after. {image}

Ignored

Is it COT report for gold?
Lg Speculators going short against the current price?

EDIT. It appears that the value of gold is following the Lg Speculators ?

#6,010
Edited 10:39pm May 15, 2013 9:52pm | Edited 10:39pm

EricB
| Joined Mar 2009 | Status: Trader | 326 Posts

Quoting iamboston

Disliked

{quote} Is it COT report for gold? Lg Speculators going short against the current price? EDIT. It appears that the value of gold is following the Lg Speculators ?

Ignored

I think what needs to be seen in this chart is the confluence and divergence of LS and Comms - we seem to be approaching an extreme which means an imminent price movement - since such a divergence has not existed in the last 3 years, I think it will come down to volume on which sides wins. You can notice comms have historically been bearish to allow the price to move upwards and they are leaning towards long. The LS's are short but OI is low.

#6,011
May 15, 2013 10:38pm May 15, 2013 10:38pm

EricB
| Joined Mar 2009 | Status: Trader | 326 Posts

Another interesting chart

Attached Image

#6,012
May 15, 2013 10:39pm May 15, 2013 10:39pm

iamboston
| Joined May 2010 | Status: Trader | 199 Posts

Quoting EricB

Disliked

{quote} I think what needs to be seen in this chart is the confluence and divergence of LS and Comms - we seem to be approaching an extreme which means a price movement - since such a divergence has not existed in the last 3 years, I think it will come down to volume on which sides wins. You can notice comms have historically been bearish to allow the price to move upwards and they are leaning towards long. The LS's are short but OI is low.

Ignored

interesting...so we could be in for a very long term change of trend?

#6,013
May 15, 2013 10:49pm May 15, 2013 10:49pm

EricB
| Joined Mar 2009 | Status: Trader | 326 Posts

Quoting iamboston

Disliked

{quote} interesting...so we could be in for a very long term change of trend?

Ignored

Potentially (over next 2-3 years) but there is no precise indicator when - there seems to be evidence in the chart that says trend change is imminent. Some other news:

First quarter gold demand of 963t was down 13% compared with Q1 2012

The value measure of gold demand in Q1 2013 was US$51bn, down 16% on the year before

The Q1 2013 average gold price was US$1,632 down 3% on the year before

The net outflow from ETFs was 177t in the quarter. That fall pushed the sum of ETF and total bar and coin demand to just below 201t.

Total investment demand was 320t in Q1 2013, flat compared with a year ago

Demand in the jewellery sector was up 12% to 551t. Jewellery demand in China was 185t while demand in India was 160t

Demand in the technology sector once again surpassed 100t for the quarter Demand in Q1 2013 was 102t, down 4% on the previous year

The Q1 2013 total mine production was up 4% on last year at 688t. Recycling fell 4% resulting in a total supply that is 1% higher than a year ago

Net central bank purchases totalled 109t, 5% lower than a year ago, making this the ninth consecutive quarter in which central banks have been net purchasers of gold

Overall its a mixed bag but seems like if the all of the above is taken into account Gold should find a good support somewhere in this region.

That's what the data is telling me - I have put it on here so everyone can draw their own conclusions.

#6,014
May 16, 2013 1:08am May 16, 2013 1:08am