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- Gold-god commented Oct 11, 2012
Good morning everyone (it's 9 am @ my place) Thanks again for the compliment Dr. Zain, but I'd like to emphasize that we are all "learner". We learn from each other in this forum. Please don't overestimate me as I also DO MANY MISTAKES. I'm afraid ...
Unemployment insurance weekly claims report
- Gold-god commented Oct 11, 2012
Of course it is. If you check gold price and make notes of yearly open, close, highest, and lowest price data, you will be surprise that gold is always rising each year. The closing price is always higher than opening, the highest price in a year ...
- Gold-god commented Oct 11, 2012
Hi xdoctor, I think gold will still ranging (sideways). I believe it will not be higher than 1780 or lower than 1755. I don't see any reason that will push gold move outside that range for this week.In the end of last week, I said that it may be ...
Unemployment insurance weekly claims report
- Gold-god commented Oct 11, 2012
I mean, at this time I don't expect gold to go anywhere, but sideways..
Unemployment insurance weekly claims report
- Gold-god commented Oct 11, 2012
More or less yes that's right,,, But honestly, right now I'm not thinking gold may drop that far. In my opinion, more likely gold will ranging between 1765-1775 today. I don't see any energy for gold neither downward nor upward for today. We'll ...
Unemployment insurance weekly claims report
- Gold-god commented Oct 11, 2012
Depends... If you are a long term trader, you might want to use MA Cross (50 and 200), maybe also RSI, and many indicators you used to use. Some of my friends even use Ichimoku. But for me? None.... Since I'm scalper / intraday trader, I only use ...
Unemployment insurance weekly claims report
- Gold-god commented Oct 11, 2012
Hi Gaaikema, Thanks for the compliment. I'm just trying to learn and understand more about the psychology of the candle (market). Happy trading...
Unemployment insurance weekly claims report
- Gold-god commented Oct 11, 2012
You're welcome BC Hope you have a profitable trading ;D
Unemployment insurance weekly claims report
- Gold-god commented Oct 11, 2012
Thanks for the compliments. I agree with your opinion. I said several time in my posts, I put aside my technical in a very strong news, such as QE3 announcement. That has days of impact. But not as today unemployment data. I think it doesn't have ...
Unemployment insurance weekly claims report
- Gold-god commented Oct 11, 2012
Honestly, I don't know the true reason. But I have a thought. I expected that there were some thing that move some big players. It only needs a "little" big starter to make the market panic and start to move for some certain time. I think this is ...
Unemployment insurance weekly claims report
- Gold-god commented Oct 11, 2012
One more addition, Better use technical tools you have rather than believe in already past away news. That's safer
Unemployment insurance weekly claims report
- Gold-god commented Oct 11, 2012
This is the way I think: The market is always divided by two kind of traders, fundamental traders and technical traders (as you can see here in FF). The fundamental traders are strongly influenced by the news and logically they will take action the ...
Unemployment insurance weekly claims report
- Gold-god commented Oct 11, 2012
Normally yes, but it seems a little bit different for me. I can't explain why, just some feeling by seeing the move of the chart. With that very good data, I expected the pushing power more than this. But it didn't happen. It seems that the bull ...
Unemployment insurance weekly claims report
- Gold-god commented Oct 11, 2012
Looking at the chart from the data came out till this minute, I don't think gold will drop even lower than 1760. Careful of the bear trap...
Unemployment insurance weekly claims report
- Gold-god commented Oct 11, 2012
Hi hss, Yes of course. Everything is possible. But in my opinion, the mentality of the market still stay bullish. So if the US data is green (good for USD) yes gold can have more correction. But I still stand to my opinion that the retrace may be ...
Fed’s Yellen: Unwind Assets in Timely Way To Avoid Inflation
- Gold-god commented Oct 11, 2012
U're welcome sfurqan. Just sharing, I used to do the same thing long ago in the beginning of my trading experience. Now I never do that again. As long as I still convince about the direction of the price, I will not open any opposite position, in ...
Fed’s Yellen: Unwind Assets in Timely Way To Avoid Inflation
- Gold-god commented Oct 11, 2012
Too soon to say. Though I think that is more likely, but we have to wait at least until US data come out. If gold can hold its position and not going back under 1767, I think probably it will continue to 1780 area this week
Fed’s Yellen: Unwind Assets in Timely Way To Avoid Inflation
- Gold-god commented Oct 11, 2012
Gold has been rising to 1770 but not exceeded it yet. Waiting for some more "fuel" to burn the flying engine. If later on US gold is not going back to 1758-1760, I think big possibility it will continue to 1780-1790 area. I'm still holding my long ...
Spain cut to BBB- from BBB+ by S&P; Outlook negative
- Gold-god commented Oct 10, 2012
Dr. Zain, what time zone do you use? Is it GMT+5? I open my oil daily chart with various time zone, GMT, GMT +5, and GMT +7. Yes there are many days that oil form such a long body with only very tiny tail but almost every candle has tail. From daily ...
Fed’s Yellen: Unwind Assets in Timely Way To Avoid Inflation