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All Majors and Gold

  • #3,541
  • Mar 27, 2013 8:41am Mar 27, 2013 8:41am
Quoting mark_it
If Gold continues higher I have these targets:

1602.57
1609.51
1616.45
1620.75

I would love to see 1620, but there is alot of bearish sentiment out there.
Gold's wings have started flapping - let's see if we can get a thrust up.
  • #3,542
  • Mar 27, 2013 8:43am Mar 27, 2013 8:43am
reason for move....

Cypriot Parliament Investigates Government after Dubious Transactions


http://www.forexfactory.com/attachme...1&d=1364389237

From spiegel.de

http://www.forexfactory.com/resource...tory-quote.png

Banks have been closed and accounts frozen in Cyprus recently. Nevertheless, large amounts were moved out of the country's crippled financial institutions on the eve of the bailout package. Lawmakers are suspicious and are investigating both the government and the Cypriot central bank. Panicos Demetriades looked dead tired as he opened the press conference on Tuesday afternoon on the fourth floor of the Cypriot central bank. The questions and answers flew back and forth for 90 minutes, with Finance Minister Michalis Sarris doing his best to back up the central bank head. Outside, the mountains slowly ... (full story)
Wooooohooooo or Boooooohooooo
  • #3,543
  • Mar 27, 2013 8:53am Mar 27, 2013 8:53am
Quoting mark_it
Gold's wings have started flapping - let's see if we can get a thrust up.
First target 1602.57 hit.

I quite fancy 1609.51 as a likely end point to this upside breakout. But we'll see what the sub-waves reveal as time goes on, I might go short at 1609.51 or sooner.

Waiting is big part of trading.
  • #3,544
  • Mar 27, 2013 9:04am Mar 27, 2013 9:04am
my mini long from yesterday is showing some guts (@1598.50).

I think I'll take my mini profits soon - give a bit in charity and treat myself to lunch. No big bucks thus far, but a happy heart
  • #3,545
  • Mar 27, 2013 9:14am Mar 27, 2013 9:14am
would be nice to see $50-60 dollar rally one of those days ))
  • #3,546
  • Mar 27, 2013 9:25am Mar 27, 2013 9:25am
it's very hard to see myself trusting my system but must stay true....if it does work we should see retrace back to 1597-1599 area again
Wooooohooooo or Boooooohooooo
  • #3,547
  • Mar 27, 2013 9:31am Mar 27, 2013 9:31am
lex and mark great job

for me i need to shutdown mt4 or else i will do something i will regret....
Wooooohooooo or Boooooohooooo
  • #3,548
  • Mar 27, 2013 9:39am Mar 27, 2013 9:39am
short 1605 sl 1613.....wish me luck
  • #3,549
  • Mar 27, 2013 9:57am Mar 27, 2013 9:57am
As you can see from green candles and spikes in volumes buyers were steaming through the resistance however those candles were followed by small range candles with fairly big volumes also telling me that there were big'ish orders sitting there to sell...we might have seen the peak for today at 08, it seems like the last upthrust was kind of impulsive (can't think of another word right now) but will have to see if buyers will start coming in again..for now sellers absorbed the buyers at the higher levels...
Attached Image (click to enlarge)
Click to Enlarge Name: buysell.PNG Size: 64 KB
  • #3,550
  • Mar 27, 2013 10:04am Mar 27, 2013 10:04am
I'll try to long this if it gets to 1602 with stop at 98..
  • #3,551
  • Mar 27, 2013 10:25am Mar 27, 2013 10:25am
Quoting lexazver
I'll try to long this if it gets to 1602 with stop at 98..
The sub-waves are saying that the possibility of a strike at 1619/20 is unfolding - have to be careful here, as the same waves could also be scribing out a terminal pattern which means more downside action
  • #3,552
  • Mar 27, 2013 10:34am Mar 27, 2013 10:34am
Quoting mark_it
The sub-waves are saying that the possibility of a strike at 1619/20 is unfolding - have to be careful here, as the same waves could also be scribing out a terminal pattern which means more downside action
Attached Image (click to enlarge)
Click to Enlarge Name: gold_m5_forum.JPG Size: 75 KB
  • #3,553
  • Mar 27, 2013 10:57am Mar 27, 2013 10:57am
hi all i have been following this thread for a while and happy to read your comments thx for your affords
i got a little view at this moment , as u can see in pic we above daily pivot but weekly and monthly pivots are so close to each other(white line), in my view we may possible to see 1611 than 1616 if we can stay above 1600 area.
Attached Image (click to enlarge)
Click to Enlarge Name: goldm5.png Size: 36 KB
  • #3,554
  • Mar 27, 2013 11:07am Mar 27, 2013 11:07am
my maths points to these revised upwards targets based on current price action:

1618.55
1618.98
1620.75

All just above 1616. However, I could be wrong. If I'm correct then this would be the spike I was talking about in my earlier posts.
  • #3,555
  • Mar 27, 2013 11:13am Mar 27, 2013 11:13am
Quoting mark_it
my maths points to these revised upwards targets based on current price action:

1618.55
1618.98
1620.75

All just above 1616. However, I could be wrong. If I'm correct then this would be the spike I was talking about in my earlier posts.

we hit 1619.89 when bernanke spoke last time, do u think adding longs from 1620 good idea if we ever come there coz it seems like they r trying to stop gold pass 1620 area.
  • #3,556
  • Mar 27, 2013 11:20am Mar 27, 2013 11:20am
Quoting letscry
we hit 1619.89 when bernanke spoke last time, do u think adding longs from 1620 good idea if we ever come there coz it seems like they r trying to stop gold pass 1620 area.
I would personally need to see a sustained break of 1615/16 on the daily charts to become longer term bullish.
  • #3,557
  • Mar 27, 2013 11:35am Mar 27, 2013 11:35am
Quoting letscry
we hit 1619.89 when bernanke spoke last time, do u think adding longs from 1620 good idea if we ever come there coz it seems like they r trying to stop gold pass 1620 area.

I'm always very skeptical adding longs at the top and shorts at the bottom but if the price establishes some kind of a range you can add with stop on the other side of that range...
  • #3,558
  • Mar 27, 2013 11:39am Mar 27, 2013 11:39am
Quoting letscry
we hit 1619.89 when bernanke spoke last time, do u think adding longs from 1620 good idea if we ever come there coz it seems like they r trying to stop gold pass 1620 area

thanks for posting n sharing your views
Wooooohooooo or Boooooohooooo
  • #3,559
  • Mar 27, 2013 12:01pm Mar 27, 2013 12:01pm
thx for replies
  • #3,560
  • Mar 27, 2013 12:34pm Mar 27, 2013 12:34pm
heading for 1700
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