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

[shiftyaces]

This reminds me of August I think it was last year. Massive sell off because he isn't talking the language the market wants.

Silver sold off nearly 10% at one point, crazy stuff.

well i have been badly burnt. and now i will have to go with my tail between my legs and try something else lol. thank **** my family has money! i really wouldn't want to spread bet or trade for a living. good luck people

 

[sellit]

Charmer Charts technical Gold report for today.

 

[Leia]

Weekly candle finished strongly, indicating rejection of lower prices
Fridays daily could provide a trigger.

My stop has to be below last daily daily Swing Low @ 1660
initial target of recent daily resistance at 1790.
Looking to place an order long tomorrow morning @ 1690 thus risking -30 pips for potential +100 pips reward (R=3)

Silver looks similarly bullish

 

[Leia]

Looking to place an order long tomorrow morning @ 1690 thus risking -30 pips for potential +100 pips reward (R=3)

Stop hit for -30

Weekly chart is still very bullish and identifies a couple of areas to watch for support (thick pink line on weekly & daily and two yellow rectangles on daily)

 

[Leia]

Stop hit for -30

Price has retraced to the bottom of the weekly ascending channel and the daily candle is of a 'hammer' type shape indicating rejection of lower prices at a previous support level (Jan 13th) which is also neatly at confluence with the 50 - 61.8% fib. retracement of the last daily up swing (Dec - Feb)

I have placed an order long at 1640 with a stop at 1625 (15 pip risk) ultimate target is 2000, initial target recent daily highs at 1675 (35 pip reward) R = 2.3 making the trade acceptable to me

If my order is opened (its not the classic 'play' of a hammer candle, which would be to go long on the break above the high at 1660, but an expectation of a retrace of around 50% of the daily candle first) I will move my stop up to breakeven if price reaches R= 1 at 1655

 

[sujithsstorock]

Keep gold sell pending at 1630 $ , stoploss 1635 targets 1618-1605 $
Current market price= 1634 $

 

[afterburn]

sujithsstorock

Hope you dont mind me asking a few questions as a newbie, Thanks.

#May i ask why you think gold is going down to that level? is that just a short term intra day view or continuing decline?

#Do you believe all the reports from the 'biggies' saying this is going to 2000 by year end?

# if you shorted at 1630 and then it moved in your favour say at 1625(in profit) would you ever recommend to a newbie to move STOP to either entry point 1630 or 1627 just incase it starts a strong climb.

Cheers

 

[sujithsstorock]

sujithsstorock

Hope you dont mind me asking a few questions as a newbie, Thanks.

#May i ask why you think gold is going down to that level? is that just a short term intra day view or continuing decline?

#Do you believe all the reports from the 'biggies' saying this is going to 2000 by year end?

# if you shorted at 1630 and then it moved in your favour say at 1625(in profit) would you ever recommend to a newbie to move STOP to either entry point 1630 or 1627 just incase it starts a strong climb.

Cheers

hello mate...
this was a intrADAY breakout sell tip. and it met sl. although we were 5 $ in profit, i dont believe in trailing sl. i kept my sl n tgt set and left for other cimmited works. returned n saw it has met sl. as simple as that better luck next time n we will cover it up . a warrior is born

 

[afterburn]

sujithsstorock

Cheers mate..

on a side note would £100 p.p be sensible to SB gold with an account circa £10-15k (Gold deposit factor 14/30)

 

[sujithsstorock]

sujithsstorock

Cheers mate..

on a side note would £100 p.p be sensible to SB gold with an account circa £10-15k (Gold deposit factor 14/30)

hmm, to be frank, am good at setting sl n tgts mate. money management and risk to reward management is entirely your choice.

 

[Leia]

Potential long trade signal (daily)

Despite the daily trend arguably being down at the moment (based on the daily 20ema and 50sma order and direction) price has been trading in a fairly distinctive range most of this month

Yesterdays daily candle was 'hammer' shaped which may be indicating a rejection of lower prices at this point in time and be a 'trigger' trade entry, to test the high of the recent range and / or the descending moving averages 'dynamic' resistance

Silver is a similar potential trade set up

 

[sujithsstorock]

A)copper stay on buy side. every dip is a buy opportunity . ..
B) silver moving towrds 32 $ mark. 31.1$ is a big trend setting support. ..
C)for gold,as long as 1650 $ support stays, look for tgt 1690 $. every dip is a buy ,until 1650 $ is stoploss. ...
D)crude oild is trading in range of 103.5$ -105$ .
dont short until it breaks below 103.25$ .

 

[tuscan]

don't u think when it reaches 1690 it will go further >1710 ?

very nice... 10 $ drop in a few seconds

I'm long from 1647,60

apparently there was nothing significant on that 1650 level

keep your sl tight mate

 

[tuscan]

IMO breaking 1700 is more likely than seeing again 1652 or sth like that

this is just what I feel

hope we get there

 

[tuscan]

1651

I wasn't totally right

Probably the other scenario of going down may become real.

But this would be confirmed when we are below 1644, me thinks.

OR SOMETHING IN THAT CLIMATE

 

[sujithsstorock]

gold sell at 1654 sl 1661 tgt 1641-1620 (do stoploss trailinga ccording to your own due diligence)
silver sell on rise at 30.60$ with strict sl 30.95$ tgt 30 $ .
crude buy 105.3 $ sl 104.2 $ tgt 106.1 $

signature "trade at your own risk. profit n loss is entirely yours. trades are probability,not certanity"

 

[sujithsstorock]

gold sell at 1654 sl 1661 tgt 1641-1620 (do stoploss trailinga ccording to your own due diligence)
silver sell on rise at 30.60$ with strict sl 30.95$ tgt 30 $ .
crude buy 105.3 $ sl 104.2 $ tgt 106.1 $

signature "trade at your own risk. profit n loss is entirely yours. trades are probability,not certanity"

gold met tgt, silver did well as well, crude ate sl

 

[tuscan]

gold met tgt, silver did well as well, crude ate sl

 

[sujithsstorock]

buy gold at 1638 sl 1633 tgt 1644-1652
buy cride at 97.26 sl 96.20 tgt 98.20
then sell crude at 98.20 sl 99 tgt 96.75 $
silver buy at 30.10 sl 29.90 tgt 30.40 (small trade)
buy copper cme at 3.682 sl 3.670 tgt 3.700 (comex)
sell aud/usd on rise at 1.0175 sl 1.0225 tgt 1.1025
eur/usd buy at 1.3000 tgt 1.3080 sl 1.2960
eur/jpy buy at 103.70 sl 103.40 tgt 104.30

 

[tuscan]

I'm long from 1638,9
will see...