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All Majors and Gold

  • #6,061
  • May 16, 2013 9:05am May 16, 2013 9:05am
hit 85
  • #6,062
  • May 16, 2013 9:49am May 16, 2013 9:49am
Sorry guys out and about again.
Can't see my charts to tell you how high.
But from what I remember 86-87 is an area of resistance.
Correct me if I'm wrong
Wooooohooooo or Boooooohooooo
  • #6,063
  • May 16, 2013 9:56am May 16, 2013 9:56am
Quoting gnomoneey
Sorry guys out and about again. Can't see my charts to tell you how high. But from what I remember 86-87 is an area of resistance. Correct me if I'm wrong
yes you are right, also i think if its closing around 95, its gonna be bullish hammer on daily..
greetings, im new.. ^_^
  • #6,064
  • May 16, 2013 9:57am May 16, 2013 9:57am
Quoting gnomoneey
Sorry guys out and about again. Can't see my charts to tell you how high. But from what I remember 86-87 is an area of resistance. Correct me if I'm wrong
1390 is resistance, but we have uj looking weak. Personally im on sodelines today. Made enough overnight, no time to force something. Best to wait for better picture.
"It is not enough to have a good mind; the main thing is to use it well"
  • #6,065
  • May 16, 2013 10:04am May 16, 2013 10:04am
yes. better to wait for clearer picture. I am waiting for 1409 for short.
there are several reasons for that. biggest is it is swing fib zone of
down move started at 09 May.

of course this plan may perfectly be broken by another reasons.
let's wait and see.

Quoting QuikFlipp
{quote} 1390 is resistance, but we have uj looking weak. Personally im on sodelines today. Made enough overnight, no time to force something. Best to wait for better picture.
  • #6,066
  • May 16, 2013 10:20am May 16, 2013 10:20am
so we see gold recovered todays losses.
+1 to wait swing fib retracement.
  • #6,067
  • May 16, 2013 11:16am May 16, 2013 11:16am
any news about crude oil???????
  • #6,068
  • May 16, 2013 11:33am May 16, 2013 11:33am
Quoting forestmanfx
any news about crude oil???????
Sorry out don't have my charts and indicators
Will posts when I get home
Wooooohooooo or Boooooohooooo
  • #6,069
  • May 16, 2013 11:37am May 16, 2013 11:37am
1pm est cnbc is having a special regarding gold and levels to watch etc and what will make gold move up to new highs.
Im not sure if its an online event or tv, be sure to check both as it is good to see all perspectives.
"It is not enough to have a good mind; the main thing is to use it well"
  • #6,070
  • May 16, 2013 12:37pm May 16, 2013 12:37pm
Quoting QuikFlipp
1pm est cnbc is having a special regarding gold and levels to watch etc and what will make gold move up to new highs. Im not sure if its an online event or tv, be sure to check both as it is good to see all perspectives.
The jist of the discussion was 1322 is the major support as this price reps the cost of production. They spoje about the bank of japan and global printing and said that once the feds pull back, the easy trades will be over and money will come floosing back into gold causing it to break into new highs. But they key is the global printing machines and cheap money looking for yield. They said watch stoxk prices, once the equities markets lose their shine, money will again be parked in gold.

Thats my takeaway from the discussion.
"It is not enough to have a good mind; the main thing is to use it well"
  • #6,071
  • May 16, 2013 12:41pm May 16, 2013 12:41pm
Quoting QuikFlipp
{quote} The jist of the discussion was 1322 is the major support as this price reps the cost of production. They spoje about the bank of japan and global printing and said that once the feds pull back, the easy trades will be over and money will come floosing back into gold causing it to break into new highs. But they key is the global printing machines and cheap money looking for yield. They said watch stoxk prices, once the equities markets lose their shine, money will again be parked in gold. Thats my takeaway from the discussion.
Thanks for the update.

The cost of production of gold is around $1000 as far as I knew? I was trying to watch cnbc but they were covering Obama's speech. Any videos?
  • #6,072
  • May 16, 2013 1:08pm May 16, 2013 1:08pm
Unemployment claims not a good sight for the week! Hopefully building permits save the US! Gold and Forex Strategies!
  • #6,073
  • May 16, 2013 4:57pm May 16, 2013 4:57pm
was this the video from this afternoon?

http://video.cnbc.com/gallery/?play=1&video=3000168866
Wooooohooooo or Boooooohooooo
  • #6,074
  • May 16, 2013 6:31pm May 16, 2013 6:31pm
Quoting gnomoneey
was this the video from this afternoon? http://video.cnbc.com/gallery/?play=1&video=3000168866
so gold will spike today.....in asian session ?
  • #6,075
  • May 16, 2013 6:39pm May 16, 2013 6:39pm
Quoting elekboy
{quote} so gold will spike today.....in asian session ?
stochastic is king today on the signals saying up....but I never relied on that alone....and right now everything is pointing lower....so I stand down and see what is going to happen...

any other views
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  • #6,076
  • May 16, 2013 6:50pm May 16, 2013 6:50pm
Hi all.. Bearish USD but gold tank.. 1390..
I still opening the all my short.. average 1377.88 there..
Yesterday I was slept.. Morning wake up wow.. Shooting up after all USD bad news..
  • #6,077
  • May 16, 2013 6:51pm May 16, 2013 6:51pm
Quoting gnomoneey
{quote} stochastic is king today on the signals saying up....but I never relied on that alone....and right now everything is pointing lower....so I stand down and see what is going to happen... any other views
i saw resistance at 91 and stochastic started to came back down......
  • #6,078
  • May 16, 2013 6:53pm May 16, 2013 6:53pm
Quoting k3nshinz3139
Hi all.. Bearish USD but gold tank.. 1390.. I still opening the all my short.. average 1377.88 there.. Yesterday I was slept.. Morning wake up wow.. Shooting up after all USD bad news..
yeah... short covering with bad US data........add short at 90......
  • #6,079
  • May 16, 2013 7:12pm May 16, 2013 7:12pm
Quoting elekboy
{quote} yeah... short covering with bad US data........add short at 90......
possible retracement 1402 on h4
h1 is around 1391 with stochastic at almost overbought
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  • #6,080
  • May 16, 2013 7:30pm May 16, 2013 7:30pm
what do you think is going to happen?

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