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All Majors and Gold

  • #9,141
  • Dec 4, 2013 7:38pm Dec 4, 2013 7:38pm
Quoting gnomoneey
a potential target of 1287 if 1227 is a good support bounce.....why is this, anyone?
61.8 and return to structure G.

Good work here today, pretty well got it covered. I am looking at 1285 right now but it is still evolving and if you want half, I will give it to you.
The world you desire can be won. It exists.. it is real.. it is possible..
  • #9,142
  • Dec 4, 2013 10:50pm Dec 4, 2013 10:50pm
Quoting gnomoneey
{quote} so now draw fibs from this mornings bottom and this top which 1211-1251 23% 1241 most likely will happen......done 38% 1236 most likely will happen and break or bounce..... almost there 50% 1231 watch reaction on 38% and then this might happen 62% 1226 a lot of accumulation from this morning in this area
so now draw fibs from this mornings bottom and this top which 1211-1251
23% 1241 most likely will happen......done
38% 1236 most likely will happen and break or bounce..... almost there.....done
50% 1231 watch reaction on 38% and then this might happen.....watching now
62% 1226 a lot of accumulation from this morning in this area
Wooooohooooo or Boooooohooooo
  • #9,143
  • Dec 4, 2013 10:56pm Dec 4, 2013 10:56pm
Quoting achadiat83
Hi G, I just join this forum and also focusing on trading gold. Hope I can learn and contribute in here along with the others Regarding to the possible retracement, let's see where the market goes. 1227 is definitely a good position to open a buy position, but I personally think it will only reach 1231. But again, that's my subjectivity...at the end it is up to the market and we still need to wait for the bounce. ~@~
these are potential targets along with potential directions
Wooooohooooo or Boooooohooooo
  • #9,144
  • Dec 4, 2013 10:57pm Dec 4, 2013 10:57pm
Quoting Mr. Scott
{quote} 61.8 and return to structure G. Good work here today, pretty well got it covered. I am looking at 1285 right now but it is still evolving and if you want half, I will give it to you.
thanks Scott....If you have any charts it'll be greatly appreciated......
Wooooohooooo or Boooooohooooo
  • #9,145
  • Dec 4, 2013 11:11pm Dec 4, 2013 11:11pm
Quoting gnomoneey
{quote} current gold price is 1245.92 if this is the top then we can see this is the route it should take..... {image}
Attached Image (click to enlarge)
Click to Enlarge Name: xauusddec3h4fibstargets.png Size: 103 KB

update
Attached Image (click to enlarge)
Click to Enlarge Name: xauusddec5h1fibstaretyellowtl.png Size: 109 KB
Wooooohooooo or Boooooohooooo
  • #9,146
  • Dec 4, 2013 11:16pm Dec 4, 2013 11:16pm
I am crossing my finger that it will reach 1231 before going north

for the past few days gold retrace only to 31.8 level of fibo..too risky to open any positions for small players like me
  • #9,147
  • Dec 4, 2013 11:42pm Dec 4, 2013 11:42pm
Quoting achadiat83
I am crossing my finger that it will reach 1231 before going north for the past few days gold retrace only to 31.8 level of fibo..too risky to open any positions for small players like me
I ask you question....
where do you think the trend is now....up or down
Wooooohooooo or Boooooohooooo
  • #9,148
  • Dec 4, 2013 11:44pm Dec 4, 2013 11:44pm
Quoting gnomoneey
{quote} I ask you question.... where do you think the trend is now....up or down
His hope.. Is definitely down
  • #9,149
  • Dec 4, 2013 11:57pm Dec 4, 2013 11:57pm
the overall trend is down i believe, i look at the daily chart for the big trend. However, I do feel that the gold will try to break 1255 yesterday but failed...1231 or 1226 are the 2 support for the retracement level. should the level break, gold will continue to go down..if bounce, it might re-test the level 1255 again..

please correct me if i am wrong..i am not an expert in trading particularly gold and the reason i join here is to learn from experienced traders like you guys

and sorry for my english, it is not my native language..
Attached Image (click to enlarge)
Click to Enlarge Name: Gold Daily.png Size: 63 KB
  • #9,150
  • Dec 5, 2013 12:39am Dec 5, 2013 12:39am
[3:27:21 AM] gno moneey: key for me today is
[3:27:30 AM] gno moneey: 1- reaction to news
[3:28:00 AM] gno moneey: 2- 1226 reaction support or break
Wooooohooooo or Boooooohooooo
  • #9,151
  • Dec 5, 2013 12:42am Dec 5, 2013 12:42am
some information to share, this is the link

http://kingworldnews.com/kingworldne...The_World.html
  • #9,152
  • Dec 5, 2013 12:43am Dec 5, 2013 12:43am
I'm looking at 1226 as well, this thing looks weak to me, I don't trust yesterday's up move, it looks... rigged to me.
"Where you want to be is always in control, never wishing, always trading.
  • #9,153
  • Dec 5, 2013 12:46am Dec 5, 2013 12:46am
Quoting Lv5758
some information to share, this is the link http://kingworldnews.com/kingworldne...The_World.html
all that means is money flowing from stocks to gold...

good article.....thanks Lv5758
Wooooohooooo or Boooooohooooo
  • #9,154
  • Dec 5, 2013 1:09am Dec 5, 2013 1:09am
so for today possible support will be 1226? or its could be broken and go more down, But what is alternative scenario for today G?
  • #9,155
  • Edited 2:10am Dec 5, 2013 1:35am | Edited 2:10am
Quoting gnomoneey
{quote} I ask you question.... where do you think the trend is now....up or down
Hi G !
Look at Weekly chart, i see gold down from ~1799 to 1180 then it retrace to 38.2% at ~1438!
After that gold fall down again to about ~1210 on yesterday!
So i think trend is down!
I use expand fibo from 1799 to 1180 i see 1111 is 61.8% and 899 is 100% of expand fibo, so i guess it will fall to at least 1111!
Gold now is still 12xx,so i think the move up yesterday is only the retrace move!
Look at Daily chart, i see gold down from the top 1438 to1251 then retrace to 1364.After reach 1364 it fall down again.
I use expand fibo from 1438 to 1251 i see 1230 is 61.8% and 1158 is 100% of the expand fibo!
the level 1230 have reached and break, so i think it will continue down to 1158
So i think 1230 is the key now! break 1230 again ,i will short long term! if it bounce i will look at 1268 and 1286 , 1303

Sorry don't have chart
  • #9,156
  • Dec 5, 2013 1:43am Dec 5, 2013 1:43am
Quoting gnomoneey
{quote} all that means is money flowing from stocks to gold... good article.....thanks Lv5758
Ur welcome, trying to contribute here. Hopefully can catch the bottom of gold together
  • #9,157
  • Edited 4:10am Dec 5, 2013 3:39am | Edited 4:10am
Quoting gnomoneey
{quote} so now draw fibs from this mornings bottom and this top which 1211-1251 23% 1241 most likely will happen......done 38% 1236 most likely will happen and break or bounce..... almost there.....done 50% 1231 watch reaction on 38% and then this might happen.....watching now 62% 1226 a lot of accumulation from this morning in this area
so now draw fibs from this mornings bottom and this top which 1211-1251
23% 1241 most likely will happen......done
38% 1236 most likely will happen and break or bounce..... almost there.....done
50% 1231 watch reaction on 38% and then this might happen.....watching now.....done
62% 1226 a lot of accumulation from this morning in this area.....next and waiting
Wooooohooooo or Boooooohooooo
Wooooohooooo or Boooooohooooo
  • #9,158
  • Dec 5, 2013 4:24am Dec 5, 2013 4:24am
Time to go Long?

1231 did its job pretty well.
Trade with what you see, not what you feel.
  • #9,159
  • Dec 5, 2013 4:49am Dec 5, 2013 4:49am
Quoting Basement
Time to go Long? 1231 did its job pretty well.
there is still time......................................................................................................................................
look at daily candles
h4 will turn bearish
wishing on my part......
Wooooohooooo or Boooooohooooo
  • #9,160
  • Dec 5, 2013 4:56am Dec 5, 2013 4:56am
Quoting wield
so for today possible support will be 1226? or its could be broken and go more down, But what is alternative scenario for today G?
you answered your questions on the left side of your statement
Wooooohooooo or Boooooohooooo
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