Gold calls.Long term -medium term and intraday calls in gold is here !.

[sujithsstorock]

gold shorts running

Gold shorts open

 

[Dentalfloss]

already in res/red trendline
above is prev supp...could be res
1133 first supp area
1123 area a big supp...possibly
1143 prev breakout /aqua

ignore the numbers...they are dates

all humming nicely...retest that 1150 area we marked

 

[serse]

Weekly buy setup on gold market

Buy at the max of last friday?

 

[Dindel]

I think that GOLD asset will go down.

 

[sujithsstorock]

It's likely breaking up, since interest by Fed isn't changing. Its making dollar.

 

[lender85]

^
Indeed.

After the gold price reached a seven-week high of almost $1,170 per troy ounce yesterday, this morning is clearly seeing profit-taking by speculative financial investors.

The failure of the gold price to exceed its August high presumably sparked selling for technical reasons.

As a result, gold has fallen back to a good $1,150. The yellow precious metal is also not profiting from comments by Fed governor Brainard who said that the US Federal Reserve should be in no rush to implement a first rate hike until it is clear that the recovery of the US economy will not be brought off course by a global economic slowdown, trouble in China and other international risks, states Commerzbank.
Other precious metals are also under pressure in gold's slipstream. Silver for example is trading well below the $16 per troy ounce mark, while platinum costs around $980 per troy ounce after having achieved prices of above $1,000 again yesterday for the first time in a month.

 

[sujithsstorock]

gold has been shooting up . more and more sellers are getting stuck. Seems the hope for fed rate cut has died eventually.or, for the moment has backfired on those who thought usd will get stronger .

weaker usd caused xau/usd to rise up. backed with as usual, those russia over syria like stuff.

 

[Dentalfloss]

 

[Dentalfloss]

in horizontal resistance now
could go as high as 1187 area..then we could a tradeable pullback aswell
trend supp/green at 1164 area
all these areas tested this morning

 

[Dentalfloss]

1163.4 at 1pm UK time to 1178.50 closed...approx 90 mins later
excellent movement

 

[Dentalfloss]

scalp to retest 1179

 

[Jason Rogers]

Gold Prices Set Four Month High After Disappointing Chinese Inflation

Another night of disappointing Chinese data saw inflation print at 1.6% while Producer Prices contracted for the 43rd consecutive month, printing at -5.9%.

Gold as the Anti-Dollar (XAU/USD Daily Chart)

Past performance is not necessarily indicative of future results.​

Gold prices set a new high under the premise of ‘looser for longer’ as it becomes more apparent that the Fed might back off of a 2015 rate hike.

 

[Dentalfloss]

in that 1187 res area now
lets see what happens

 

[Dentalfloss]

in horizontal resistance now
could go as high as 1187 area..then we could a tradeable pullback aswell
trend supp/green at 1164 area
all these areas tested this morning

the movement since we called the 1164 supp area
areas to watch if it pullsback

we got lucky..it overshot our res area of 1187

 

[Dentalfloss]

Excellent movement from our res area that we marked
it overshot our supp area...lucky again

 

[sujithsstorock]

Gold kissed 1190$

Gold buy running since 1144 area. My approach uses lot size . We track consistent profit makers. Follow these number of lots. Thus more the profit, we increase our holding more.

 

[Dentalfloss]

Overnight..uk time
Short trade closed from our res area which we had marfked as above 1187
Entry 1190 yesterday...yes..we got another retest of that area,,,so another short put in
Stop tightened at 1179

 

[Dentalfloss]

Overnight..uk time
Short trade closed from our res area which we had marfked as above 1187
Entry 1190 yesterday...yes..we got another retest of that area,,,so another short put in
Stop tightened at 1179

stopped out at 1177 for an excellent run
will 1179 area...the support we marked be res ??

 

[Dentalfloss]

not 1179...but 1182 was res
a good scalp off that level
closed at 1178

 

[Dominic]

I think that gold asset will go up.