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AUD/USD

  • #69,481
  • Nov 11, 2013 9:51pm Nov 11, 2013 9:51pm
Quoting ffleo
{quote} i think gold is going to drop more.

time for you to go to sleep. wake up and see gold back above 1285
  • #69,482
  • Nov 11, 2013 9:54pm Nov 11, 2013 9:54pm
Quoting giveachance
{quote} time for you to go to sleep. wake up and see gold back above 1285
i do wish you good luck and make money.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #69,483
  • Nov 11, 2013 9:55pm Nov 11, 2013 9:55pm
Gold 1250
When the facts change I change my mind, what do you do sir
  • #69,484
  • Nov 11, 2013 9:57pm Nov 11, 2013 9:57pm
Quoting Pip Anon
Gold 1250

lets see but have to remind you nothing falls in a straight line and the gold market is still controlled by the russians, chinese and indians. indians have curb gold imports but russians and chinese are piling on to their gold reserves.

we don't have the george soros's and paulson's of the world controlling this market anymore. they have sold majority of their stake is what I understand
  • #69,485
  • Nov 11, 2013 10:07pm Nov 11, 2013 10:07pm
Quoting Pip Anon
Gold 1250
Attached Image (click to enlarge)
Click to Enlarge Name: gold_124.png Size: 51 KB
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #69,486
  • Nov 11, 2013 10:11pm Nov 11, 2013 10:11pm
Quoting ffleo
{quote} {image}
lol. keep on shorting. i will keep on buying
  • #69,487
  • Nov 11, 2013 10:15pm Nov 11, 2013 10:15pm
Quoting giveachance
{quote} lol. keep on shorting. i will keep on buying
I understand how you feel bro, I had lost money buying gold for the past 2 weeks too. However, the charts do look weak. I lost because I am trying to pick bottoms, but unfortunately we do not know when is it bottoming. Important lesson learnt.

Yes, its true Chinese and Russians are buying physical gold, but does it make a diff? We are trading using leverage here, not buying physical gold.
The true fact is market doesn't care, risk mgt is important.
  • #69,488
  • Nov 11, 2013 10:19pm Nov 11, 2013 10:19pm
Quoting giveachance
{quote} lol. keep on shorting. i will keep on buying
by the way, i do not play gold. i have the chart up as a reference for my FX trades
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #69,489
  • Nov 11, 2013 10:32pm Nov 11, 2013 10:32pm
Quoting Ssm
{quote} I understand how you feel bro, I had lost money buying gold for the past 2 weeks too. However, the charts do look weak. I lost because I am trying to pick bottoms, but unfortunately we do not know when is it bottoming. Important lesson learnt. Yes, its true Chinese and Russians are buying physical gold, but does it make a diff? We are trading using leverage here, not buying physical gold.
correction: I did not lose money on gold in last 2 weeks. demand for this gold will come from other markets. when demand is more than supply price rises.
  • #69,490
  • Nov 11, 2013 11:29pm Nov 11, 2013 11:29pm
Quoting Pip Anon
Gold 1250

It was somewhere written that China bought a lot of gold this year ...Probably they are turning price down to buy more ....
The Market pays you to be disciplined
  • #69,491
  • Nov 11, 2013 11:39pm Nov 11, 2013 11:39pm
Quoting mima
{quote} It was somewhere written that China bought a lot of gold this year ...Probably they are turning price down to buy more ....
I am aware on the buying, and turkey has increase their lot too. However, at some point, we have to assume given the price of gold that physical demand is not driving the spot price.

i have come to the conclusion that gold is a traders paradise and spot gold represents the paper gold market. Institutions are bearish therefore price declines.

china buys 2,200 metric tons on gold in last two years and here we are sub 1300 again.

i agree gold is fickle and why i try to look longer term and dont try to mess with intraday holdings, although i can just based on techs

If spot was just based on physical demand than we could be higher but were not. Keep in mind it was the institutions selling something like 4 billion in paper and derivative gold that started the meltdown from 1650

and the inflation apocalypse trade is not a factor. These people buy gold regardless of price and it would be factoredin until inflation rises to troubling levels. Gold barely budged during the us govt shutdown
When the facts change I change my mind, what do you do sir
  • #69,492
  • Nov 11, 2013 11:47pm Nov 11, 2013 11:47pm
Quoting Pip Anon
{quote} I am aware on the buying, and turkey has increase their lot too. However, at some point, we have to assume given the price of gold that physical demand is not driving the spot price. i have come to the conclusion that gold is a traders paradise and spot gold represents the paper gold market. Institutions are bearish therefore price declines. china buys 2,200 metric tons on gold in last two years and here we are sub 1300 again. i agree gold is fickle and why i try to look longer term and dont try to mess with intraday holdings, although i...

It's very difficult to predict Gold price. USA wants to make Green Dollar still primary reserve and trading currency, so they want to lower gold price. But other country like China, India,Russia still buying physical Gold. Especially China want RMB become international to shake US Dollar's position, so China keep buying gold much more than usual.
  • #69,493
  • Nov 11, 2013 11:50pm Nov 11, 2013 11:50pm
Quoting zew
{quote} It's very difficult to predict Gold price. USA wants to make Green Dollar still primary reserve and trading currency, so they want to lower gold price. But other country like China, India,Russia still buying physical Gold. Especially China want RMB become international to shake US Dollar's position, so China keep buying gold much more than usual.
to be frank this gold slide is crazy. does not make sense at all. gold is hughely undervalued and everybody has seen the outcome of dependency on that shit dollar in 2008. they took us along with them in the downfall
  • #69,494
  • Nov 11, 2013 11:52pm Nov 11, 2013 11:52pm
AUD might bounce from 0.9300- 0.9330 area. I see some resistance here.
BTW, China will rise gas price and import more gas from Australia.
  • #69,495
  • Nov 12, 2013 12:02am Nov 12, 2013 12:02am
Quoting zew
AUD might bounce from 0.9300- 0.9330 area. I see some resistance here. BTW, China will rise gas price and import more gas from Australia.

no aussie will be sold till 0.9100 area broken the trendline at 0.9442
  • #69,496
  • Nov 12, 2013 1:40am Nov 12, 2013 1:40am
this 0.93 is the 50%fibb retracement from another 50% fibb retracement, so we can bet some people do care this number have significant meaning, until confirmed by news,
just weee little aud good news, and it will probably bounce, or just another currency pair bad news,
  • #69,497
  • Nov 12, 2013 1:57am Nov 12, 2013 1:57am
Quoting Gwan
this 0.93 is the 50%fibb retracement from another 50% fibb retracement, so we can bet some people do care this number have significant meaning, until confirmed by news, just weee little aud good news, and it will probably bounce, or just another currency pair bad news,
it touched 9324 to the pip.
Attached Image (click to enlarge)
Click to Enlarge Name: aussie_065.png Size: 250 KB
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #69,498
  • Nov 12, 2013 1:58am Nov 12, 2013 1:58am
Possible Head & Shoulder @ Kiwi
Attached Image (click to enlarge)
Click to Enlarge Name: nzdusddaily.png Size: 21 KB
  • #69,499
  • Nov 12, 2013 3:48am Nov 12, 2013 3:48am
Quoting HCGroup
Possible Head & Shoulder @ Kiwi {image}
There is a thread for NZDUSD.
The Market pays you to be disciplined
  • #69,500
  • Nov 12, 2013 5:15am Nov 12, 2013 5:15am
Quoting okanemici
{quote} I'll look to exit my short euraud and reverse .I see big bullish pa in euraud, eurnzd and eurjpy.
Told you it was coming !
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