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

[sujithsstorock]

gold buy at 1565 sl 1552 tgt 1585-1605 positional
silver buy at 28.10 sl 27.92 tgt 28.50-28.80
sell aud/usd .9850 sl .9900 tgt .9800-.9745
buy usd/jpy at 79.10 sl 78.90 tgt 79.45-80

 

[sujithsstorock]

buy gold at 1590 sl 1578.20 tgt 1604-1614
silver buy at 28.40 sl 28.10 tgt 29.20 (positional)
sell crude at 85.5 $ sl 86.7 $ tgt 84.3-83.25 $
buy usd/cad at 1.0230 sl 1.0200 tgt 1.0290-1.310
sell eur/usd at 1.2580 sl 1.2640 tgt 1.2500-1.2460
sell eur/jpy at 100.00 sl 100.75 tgt 98.75-97.75

 

[sujithsstorock]

gold open , silver open
all other order cnaceled.

 

[sujithsstorock]

buy gold at 1590 sl 1578.20 tgt 1604-1614.....1st tgt done.profit 1400 usd, 77,000 rs
silver buy at 28.40 sl 28.10 tgt 29.20 (positional)....trail done now now 28.90
all the following rest trades missed entry at got canceled at end of day !
sell crude at 85.5 $ sl 86.7 $ tgt 84.3-83.25 $
buy usd/cad at 1.0230 sl 1.0200 tgt 1.0290-1.310
sell eur/usd at 1.2580 sl 1.2640 tgt 1.2500-1.2460
sell eur/jpy at 100.00 sl 100.75 tgt 98.75-97.75

 

[pipdawg]

Subscribing to this thread.

 

[sujithsstorock]

buy gold at 1603.70 sl 1593 tgt 1616-1627
crude buy at 82.85 sl 81.66 tgt 83.7 -84.65
silver buy running, one may book profits here too. sell silver at 29.23 sl 29.65 tgt 28.65 (risky sell. )
buy usd/cad at 1.0240 sl 1.0200 tgt 1.0275-1.310
usd/chf buy .9550 sl .9511 tgt .9597-.9650
HUGE CALL , buy usd/joy at 79.56 sl 78.00 tgt 82.50 (monthly positional) . take it or leave it
eur/jpy sell 99.70 sl 100 tgt 99.20-98.50

 

[sujithsstorock]

gold buy 1614 sl 1609 tgt 1621-1633
buy silver at 28.30 sl 27.90 tgt 28.80-29
sell eur/usd at 1.2620 sl 1.2680 tgt 1.2570-1.2525
sell usd./jpy st 79.10 sl 79.40 tgt 78.70
sell eur/gbp at .8070 sl .8100 tgt .8040
nzd/usd sell at .7900 sl .7930 tgt .7865

 

[sujithsstorock]

Eur.usd buy 1.240 sl 1.232 tgt 1.2475- 1.250
Gold buy at 1612 sl 1604 tgt 1619-1627
Buy crude at 91 $ sl 90.30 tgt 92.2-93$

 

[sujithsstorock]

Gold sell at 1616 sl 1621 tgt 1609-1600
Crude sell stoploss at 91.5 sl 92.2 tgt 90.6-89
Aud/usd sell at 1.0520 sl 1.0560 tgt 1.0460

 

[sujithsstorock]

silver buy 30.80 sl 30.45 tgt 31.14-31.60
crude buy at 95.99 $ sl 94.4 tgt 96.72-97.30
gold keep stoploss sell pending at 1656 sl 16666 tgt 1649
usd/jpy buy at 78.55 sl 78.28 tgt 78.8-79
nzd/usd keep buy stoploss at 8060 sl 8028 tgt 8099-8120

 

[nginx]

Hi all, just want to give you my fundamental 2 cents (hopefully welcome to?) for long term price movement. (3 year):

As you can see Gold is creating noise as it had climbed and is now ranging between 1600-1800. I think people are finding that Gold is over valued, I know popular opinion is in the upward direction, people think that its a safe haven because it's a "precious metal". However in this day and age we don't hold much in terms of reserves and most of the planets value is held in currencies, which as we all know is constantly being printed on a massive scale throughout the world. The days of bartering and gold coins in a pouch are over, we have no use for gold, except to make jewellery and use for certain industrial processes.
It's the same as anything, if there is a demand from the majority of the people, it's value shoots up, however people will eventually lose interest if the item is way out of reach in terms of price, I think that is what is happening, and what has been happening for the last couple of years.
For gold to keep its value, there needs to be a reason for it's demand, and people are starting to scratch their heads.

Just my 2 cents

 

[tuscan]

if there is a demand from the majority of the people, it's value shoots up, however people will eventually lose interest if the item is way out of reach in terms of price, I think that is what is happening, and what has been happening for the last couple of years.

there are so many factors that can influence the price... this what you say 1600-1800 is quoted in dollars. Is dollar an objective measure of real value? If u are talking about real value put there something differnt like oil to gold or gold to land or food, why are you thinking about dollar. How is the outcome then ?
Ok, but 2 years ago people knew what you said , when they took the price from $900 to $1900 in 2 years lately or sth like that, they were aware that gold is not the most practical and needed thing in today's world. But they thought: hey, if u value a car for 100.000$ how come you give 3kg of gold the same price tag. There is not too much gold in the world. If you made a ball from all the gold in the world it would be only sth like 25m tall (!) Some may consider it a currency, a currency that no one have a power to create more.

 

[nginx]

there are so many factors that can influence the price... this what you say 1600-1800 is quoted in dollars. Is dollar an objective measure of real value? If u are talking about real value put there something differnt like oil to gold or gold to land or food, why are you thinking about dollar. How is the outcome then ?
Ok, but 2 years ago people knew what you said , when they took the price from $900 to $1900 in 2 years lately or sth like that, they were aware that gold is not the most practical and needed thing in today's world. But they thought: hey, if u value a car for 100.000$ how come you give 3kg of gold the same price tag. There is not too much gold in the world. If you made a ball from all the gold in the world it would be only sth like 25m tall (!) Some may consider it a currency, a currency that no one have a power to create more.

Exactly we use currency as a measure of value, my point exactly

 

[NVP]

heres a simple approach to trading Gold


http://www.trade2win.com/boards/for...-basic-ideas-strategies-1203.html#post1960456

 

[TradingEd]

Gold looks toppy here 1705 on daily.

 

[Leia]

Gold looks toppy here 1705 on daily.

I agree, on my daily time-frame chart yesterdays price action (candle formation) is a sell signal
However, I try to trade with the trend (which I define as the respective position of my moving averages - see red & blue dashed lines on the attached) particularly when it is aligned on the daily and 4 hour time frame

I am therefore watching for any 'buy signal' (price action) at the immediate potential support levels (1675/80 on the 4 hour time frame) which is the confluence of a number of things:
fib pull back of previous 4H up swing
base of ascending daily channel
previous resistance on the 4H time-frame, which may act as resistance

If no such 'trigger' occurs, I would not be surprised to see price retreat to the next daily resistance/support level around 1630. If this happens, you will have a nice short trade 'TradingEd'

Good luck!

 

[NVP]

good thread.....

long term I am bullish on gold .......but not at the moment on 1 hrs

NVP

http://www.trade2win.com/boards/commodities/157250-fxcorrelator_goldmeter-2.html#post1961466

 

[Leia]

good thread.....

long term I am bullish on gold .......but not at the moment on 1 hrs

NVP

http://www.trade2win.com/boards/commodities/157250-fxcorrelator_goldmeter-2.html#post1961466

I rarely if ever look at the 1H chart. I can see the appeal of shorting at these levels (as to be long with the trend, as I define trend that is, on the 4 hour and daily time-frames) I would want an entry trigger at lower levels than present market.

I note that yesterdays daily candle was a 'shooting star' shape and that is a great short trigger, however I have looked at the 1 hour chart and can't spot a good short 'trigger', have you traded at market price, with a stop loss above yesterdays high, or at the 50% re-tracement level back into yesterdays daily candle (at around 1700 /05 stop @ 1715, as I think that is how I would position myself for a short trade ?)

 

[Leia]

I agree, on my daily time-frame chart yesterdays price action (candle formation) is a sell signal

If no such 'trigger' occurs, I would not be surprised to see price retreat to the next daily resistance/support level around 1630. If this happens, you will have a nice short trade 'TradingEd'

Good luck!

Or price could just shoot higher on the NFP release!

 

[sujithsstorock]

gold now 1733. buy at 1733 sl 1730 tgt 1737. then
sell gold at 1737 sl 1746 tgt 1728