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All Majors and Gold

  • #8,241
  • Jul 15, 2013 9:27am Jul 15, 2013 9:27am
Quoting preacherseye
{quote} goldie ,, please help say somethings up orrrrrrr dooooown?
I hate ranging market, they only take my stop loss.
  • #8,242
  • Jul 15, 2013 9:43am Jul 15, 2013 9:43am
Hi Guys

Here's my take on gold.

The uptrend will continue while gold is trading above support level 1272, which will be followed by reaching resistance level 1297 and then 1332.

An downtrend will start as soon, as the gold drops below support level 1272, which will be followed by moving down to support level 1253.


Supports: 1272, 1253, 1243
Resistances: 1297, 1332

Good luck!!
  • #8,243
  • Jul 15, 2013 9:51am Jul 15, 2013 9:51am
Hi Guys

I have been trading for over 2years. I have learned the hard way to keep small stop losses. Ever since I started doing that my success rate has gone up drastically.

SMALL STOP LOSSES IS ONE OF THE KEYS TO SUCCESS. TRUST ME. LIMIT YOUR LOSSES. WAIT FOR THE RIGHT TIME TO ENTER, BE PATIENT.

The recent weakness in the gold price was due to the speculation around the potential cut down in the Fed’s QE program. Gold prices have tested major resistance at $1300 last week. This week, the main focus will be on Bernanke Speech and US CPI data which could lead to whether the Fed will make any changes on the current monetary easing policy. With the gold price higher after Bernanke’s speech last week, gold prices could go further up this week.

Catalysts for this week
Core Retail Sales m/m (US) – Monday July 15 8:30am EST
Core CPI m/m (US) – Tuesday July 16 8:00am EST
Fed Chairman Bernanke Testifies (US) – Wednesday July 17 10:00am EST
Fed Chairman Bernanke Testifies (US) – Thursday July 18 10:00am EST
Philly Fed Manufacturing Index (US) – Thursday July 18 10:00am EST

Stay Patient!!
  • #8,244
  • Jul 15, 2013 10:01am Jul 15, 2013 10:01am
Quoting nicefirework
{quote} I hate ranging market, they only take my stop loss.

When the market ranges always get in at the bottom or top. You will notice after the market makes a move up or down during ranges, it will always come back to the middle of the range and sit there. That's the worst time to get in. Either get in at the bottom or the top. NEVER THE MIDDLE.

Patients!!!!
  • #8,245
  • Edited 11:41am Jul 15, 2013 11:26am | Edited 11:41am
Quoting rythmrig
takytto here you go mate {image}
hello I do not know if you managed to understand Graphical unlike but it seems that a lot of people think I'm sold. I'm in wave 3 buy here so for me.
Attached Image (click to enlarge)
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  • #8,246
  • Jul 16, 2013 7:08am Jul 16, 2013 7:08am
how's everyone doing today?
Gold is my pleasure.
  • #8,247
  • Jul 16, 2013 8:56am Jul 16, 2013 8:56am
Quoting jebataro
how's everyone doing today?
station all waiting in the queue waiting for the bulls get tired.
  • #8,248
  • Jul 16, 2013 8:58am Jul 16, 2013 8:58am
Quoting razainvest
{quote} When the market ranges always get in at the bottom or top. You will notice after the market makes a move up or down during ranges, it will always come back to the middle of the range and sit there. That's the worst time to get in. Either get in at the bottom or the top. NEVER THE MIDDLE. Patients!!!!

Well Said.
"It is not enough to have a good mind; the main thing is to use it well"
  • #8,249
  • Jul 16, 2013 8:58am Jul 16, 2013 8:58am
Sometimes the silence and when the station is gnawing leaderes all so pica changed for a few days when starting the falls they return to speak then hidden station
  • #8,250
  • Jul 16, 2013 8:59am Jul 16, 2013 8:59am
Quoting takytto
Sometimes the silence and when the station is gnawing leaderes all so pica changed for a few days when starting the falls they return to speak then hidden station

What!?
"It is not enough to have a good mind; the main thing is to use it well"
  • #8,251
  • Jul 16, 2013 11:46am Jul 16, 2013 11:46am
how are you g?
Gold is my pleasure.
  • #8,252
  • Jul 16, 2013 11:50am Jul 16, 2013 11:50am
Quoting takytto
{quote} station all waiting in the queue waiting for the bulls get tired.

are you saying gold will be falls ? Cause I am long from 1234.68 and still hold
  • #8,253
  • Jul 16, 2013 12:00pm Jul 16, 2013 12:00pm
Quoting jebataro
how are you g?
i'm good.....
Wooooohooooo or Boooooohooooo
  • #8,254
  • Jul 16, 2013 12:00pm Jul 16, 2013 12:00pm
Quoting alam88009
{quote} are you saying gold will be falls ? Cause I am long from 1234.68 and still hold
Wooooohooooo or Boooooohooooo
  • #8,255
  • Jul 16, 2013 12:10pm Jul 16, 2013 12:10pm
Quoting gnomoneey
{quote}
if looking at weekly chart, it looks like a pullback to 38.2 percent is likely to occur, it that right g?
Gold is my pleasure.
  • #8,256
  • Jul 16, 2013 12:11pm Jul 16, 2013 12:11pm
Quoting jebataro
{quote} if looking at weekly chart, it looks like a pullback to 38.2 percent is likely to occur, it that right g?
where was that 38.2
Wooooohooooo or Boooooohooooo
  • #8,257
  • Jul 16, 2013 12:20pm Jul 16, 2013 12:20pm
Quoting gnomoneey
{quote} where was that 38.2
m not sure whether am right or not, but it seems like at 1416 area.

maybe not gonna happen soon...might happen in couple of month..hahha
Gold is my pleasure.
  • #8,258
  • Jul 16, 2013 12:23pm Jul 16, 2013 12:23pm
Quoting jebataro
{quote} m not sure whether am right or not, but it seems like at 1416 area.
first resistance 130x
then 133x
then maybe 137x

but in my opinion its still down to 108x-103x imo before any significant climb
Wooooohooooo or Boooooohooooo
  • #8,259
  • Jul 16, 2013 12:31pm Jul 16, 2013 12:31pm
i think g is right, we see..

the bullish uptrend seems like kinda exhausted n getting tired, which it looks like a pullback..n a big drop will occur near future.
Attached Image (click to enlarge)
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Gold is my pleasure.
  • #8,260
  • Jul 16, 2013 12:49pm Jul 16, 2013 12:49pm
Quoting gnomoneey
{quote} where was that 38.2

3 times try to touch 38.2 at 1297.00 - 1300.00 . What do u see G ? Hope got some clue from u .....







Thanks ...
Attached Image (click to enlarge)
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