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TOPIC: Gold

Gold 04 Dec 2012 16:22 #301

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Gold is looking weak now and i expect this to test the recent lows again.
Best level to go long now will be the main trend line at 1647 today.This level changes daily.




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Gold 02 Dec 2012 21:17 #302

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Scrub that, selling with a stop above 1755, I would like to see 1730-1740 for better entry.

dl.dropbox.com/u/43650856/Gold%20-%20daily%20-%202nd%20Dec.htm
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Gold 30 Nov 2012 22:26 #303

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Yes it looks like it could be a really good buying area, but not to short
down to that level just incase it dosent get there.

Buying below 1670 could work out very well.
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Gold 30 Nov 2012 16:43 #304

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Broad-rock, that's exactly what I think is happening. Should be a good place to go long...
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Gold 29 Nov 2012 23:20 #305

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Could Gold be heading back down to 1630-1640 area in a A B C correction?

dl.dropbox.com/u/43650856/Gold%20daily%20-%2029th%20Nov.htm
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Gold 28 Nov 2012 20:13 #306

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dl.dropbox.com/u/40497882/gold1hr.JPGWaveSurfer wrote:
RG2 - long term gold remains bullish in my view, however short term gold really needs to stay above 1713/1700 and if it can close abv 1727 then it will have a good shot at testing 1747/8 as an initial target.

If gold cracks below the lower numbers then i think it has a good chance to test 1680/90, failing that 1660/40 area.....

this is all in my opinion and does not constitutive as advice.

hope it all works out for you.
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Gold 28 Nov 2012 20:04 #307

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RG2 - long term gold remains bullish in my view, however short term gold really needs to stay above 1713/1700 and if it can close abv 1727 then it will have a good shot at testing 1747/8 as an initial target.

If gold cracks below the lower numbers then i think it has a good chance to test 1680/90, failing that 1660/40 area.....

this is all in my opinion and does not constitutive as advice.

hope it all works out for you.
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Gold 28 Nov 2012 19:45 #308

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I have been betting only 1gbp per point which I really did not mind even if it was going down to 1680. But now my dear wife put in 10gbp per point so I am loosing more than I wished for. I have just transferred 10k to cover the equity but this is my final lot. Any chance to come back to 1745 from the current level.
Doomed. Many thanks. RG2
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Gold 28 Nov 2012 17:48 #309

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dl.dropbox.com/u/40497882/Gold28Nov.JPG

A brake of TL and 1700, gold will see 1680 very quickly so any longs must have stops below TL/1698 area....all depends on your risk of course...


rgds TB.
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Gold 28 Nov 2012 17:34 #310

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all due to opex.

1713 important level to hold on closing basis....
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Gold 28 Nov 2012 15:19 #311

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That's happened to me as well.
Normally guaranteed stops are a waste of time as this does not happen that often.
Gutted to have lost on a winning trade.due to missing my stop by 16 points.
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Gold 28 Nov 2012 13:37 #312

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I had 3 trades open and took profit on one at 1745 moving the stop to break even on the other 2 at 1727. I now see both got stopped out at 1711! How frustrating. Is this conman with Spread betting Gold and would it be worth me using Guaranteed stops in the future?

My 1 hour trading looking like it will get stopped out both ways too. Not the best of days :(
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Gold 27 Nov 2012 21:03 #313

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Any idea why is gold going down. I think its because of the greece news and stronger dollar. Any opinion please. I am waiting to cross 1745. Thanks.
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Gold 26 Nov 2012 13:33 #314

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Yes - try PHAU - it holds physical gold bullion in vaults. PHGP is the same thing but quoted in Stirling rather than Dollars.
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Gold 23 Nov 2012 18:22 #315

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is there a tradable Gold ETF ?

I don't trust myself and IG index to trade the spot :)
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Gold 23 Nov 2012 15:30 #316

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Just broke out .
This should head towards 1780 now

DYOR
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Gold 23 Nov 2012 15:28 #317

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Gold 22 Nov 2012 08:31 #318

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This is looking kinda nice in terms of the way the charts are playing out.
The key area to watch now is a break out past 1740. If this gets broken then this should head towards 1780 for a test of the trend line. Good on a risk reward basis.

Up above 1740

DYOR
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Gold 20 Nov 2012 17:56 #319

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Sorry, that should be 1724 not 1722
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Gold 20 Nov 2012 17:55 #320

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I've just gone long on this at 1722, just below the 38.2% Fib of the 1705 to 1735 move. Main reason is the breakout of the 1728-1735 hourly trading range giving a target of 1721.
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Gold 20 Nov 2012 13:03 #321

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When the next candle appears on the daily chart.
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Last Edit: 20 Nov 2012 13:03 by remo.
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Gold 20 Nov 2012 13:01 #322

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Remo,

When you talk about a close above 1739 i get, but what time does gold close?

Its just ig seems to have spot gold open forever?

Many thanks
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Gold 19 Nov 2012 20:18 #323

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Dont forget the 123 low

If this can finish above 1739 then that will give the 123 low signal .This then should head towards the trend line at 1780ish.
so basically looking to add to my existing longs.
The 123 low is for the short term only as it needs higher highs to continue hence why the 123 low could be a factor. For proper 123 lows would be used after a long down turn. Im using this for the short term trade as gold is still in the bull market and in a clear up trend .So basically looking for the resumption of the original trend.
Hope that makes sense

dyor
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Last Edit: 19 Nov 2012 20:22 by remo.
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Gold 19 Nov 2012 13:42 #324

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watch 1737/39 area on gold and esp a break of that neckline..

Gold is looking ripe for a break.

DYOR :-)
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Gold 16 Nov 2012 12:30 #325

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Gold 16 Nov 2012 12:10 #326

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I think you may get your wish for that entry of 1697/95 Jackozy...
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Gold 15 Nov 2012 15:23 #327

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In the event that it does rise from here I could always just go long on a break of 1739 instead...
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Gold 15 Nov 2012 15:19 #328

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Yep, closed my short at 1705 too but I think I'll wait and see if it tests the shorter term uptrend at 1684 or the 61.8% Fib of the last rise at 1697 before going long:

Golddaily15_11_12.gif


dl.dropbox.com/u/20815047/Golddaily15_11_12.gif
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Gold 15 Nov 2012 15:13 #329

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also worth noting that the handle could for into inv h&S ...just something to keep an eye on ;-)
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Gold 15 Nov 2012 15:11 #330

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yep added to my existing long golds......c'mon lets ramp up...:-)
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Gold 15 Nov 2012 15:09 #331

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closed my short and went long and now have a free bet as such....lol
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Gold 14 Nov 2012 16:19 #332

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WaveSurfer wrote:
Im a dip buyer on Gold

here's a bigger pic view

dl.dropbox.com/u/40497882/Gold_HNS.jpg


cup and handle formation

That will be nice.
thanks for that did not see that.
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Gold 14 Nov 2012 14:05 #333

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Im a dip buyer on Gold

here's a bigger pic view

dl.dropbox.com/u/40497882/Gold_HNS.jpg
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Gold 14 Nov 2012 13:41 #334

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Thanks guys. I've been having a look at a posible wave count for the move up from the May 16 low at 1527 and I can see where you're coming from. Is this how you see it?

Goldwavecount14_11_12.gif


dl.dropbox.com/u/20815047/Goldwavecount14_11_12.gif

That would have the top of wave (3) way past the 161.8% extension but that's not necessarily a problem and may account for the relative severity of wave (4). It might also lead towards a truncated 5th...

There does appear to be some decent support in the 1700 to 1705 area so it makes sense to target that I guess.

Good luck fellas!
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Gold 14 Nov 2012 11:48 #335

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im short on this from 1735 but am still looking to go long at the fibs. im looking at the 50% fib area at 1705 to go long.
The reason being it broke out of the short term down trend and then moved higher with a higher high so now looking for a retrace so that it sets up for a 123 low breakout. So trying to get in early by using a fib level.
Stops will be below the recent low.

dyor
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Last Edit: 14 Nov 2012 11:48 by remo.
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Gold 14 Nov 2012 09:10 #336

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I am short gold, looking short term for 1700. KI.
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Gold 14 Nov 2012 08:59 #337

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Is anyone looking to short gold at this level (currently 1727)? Looks like a possible test of the RSI downtrend formed from the bearish divergence, 50% retrace level and lower highs/lower lows in successive daily candles:

Golddaily14_11_12.gif


dl.dropbox.com/u/20815047/Golddaily14_11_12.gif

I don't trade this much and I've only just managed to get charts for this with updata (I'm too lazy to be bothered with IG charts) so need to get to grips with how it trades.

All views welcome :-)
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Gold 09 Nov 2012 19:48 #338

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Assuming that todays high does not get broken, the 50% retrace at 1700 looks a good entry point. KI.
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Gold 09 Nov 2012 18:20 #339

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Im gonna go long on this soon.
The reason being its broken its short term down trend line and also the recent high creating a higher high. So now if this retreats lower then i will be entering at a fib level.Obviously you cant do the fibs until you know there is a correction.
If this does go lower then you may have your chance to enter on a 123 low as well.
So worth watching for the time being.
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Gold 01 Nov 2012 10:38 #340

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Im looking to short gold on first attempt at 1735 with a 10 point stop
Theres 3 levels of resistance here. The target is going to be a move towards the 200sma or the main trend line. So good risk reward there.
1. 38.2 fib
2. general resistance(support became resistance)
3. over head 50sma

I hope this makes sense with why the fibs get plotted regularly.


DYOR
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Last Edit: 01 Nov 2012 10:39 by remo.
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