DEMARK says that they're might be a S&p correction of $11% starting this week... (source bloomberg) This might be the trigger of panic and could lead to gold heading much higher!

Only Gold!

I see..you must have done this towards fridays close (as it kinda made sense then...) <but i do also remember you saying that you wouldn't be surprised if price gaps up on monday> (which in a way it did - as price hasn't retraced once since the ...

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It waiting for the news numbers to come out!

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haha... buy sl orders? or sell limit orders?

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I completely hold the same bias and have been reiterating the same things for a while too... But minus ukraine crisis; there really isn't a good fundamental bias for golds upside! I guess in the coming weeks we will find out the limitations of ...

XAU/USD & XAG/USD - Gold & Silver Traders Thread

True at the current rate that we are going... Even though the numbers coming out might have a bearing on that! the past 2 weeks we have been stuck in a low volatility choppy range; I really hope this is the end of that though! Otherwise I fear a ...

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And the breakout starts a week late.. i think the short term we will see good support at 1308; PA should test 1317 today and if it breaks higher then 1330 and perhaps also 1341-7 by the end of the week! I think china's PMi numbers have caused panic ...

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On a serious note this is what i think is happening... you see the day everyone expected the market to fall it re"bounced" from 1267...those were big institutional buys. After that the market stagnated and the bears were perceived as taking over... ...

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for all we know it could be BUfFET moving the market too... Housing recovery slower than I thought: Buffett http://www.financialjuice.com/news/970287/Housing-recovery-slower-than-I-thought-Buffett.aspx

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Well Brent is a better gauge for the ukraine crisis... and that looks like it is going up...

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Yeah great case for that! HFT trading....looking at order flow and all these buy stops and sell stop orders! cashing in!!

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it seems like the market is tunnel visioned these days! Rather than taking account and pricing all things at once... It seem to look at things one at a time... GOOD NFP - Price down ... OH shit UKRAINE still matters... PRICE Up

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Same to you.. but the week aint over as yet...bullish bias is still not confirmed... Best to stay out...until major support resistence (range bound levels are breached) Best to keep an open mind rather than being blindly biased!

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Unfortunately its a zero sum game

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Exactly... a supportive pin bar on the 4 hr chart could signal bullish direction bias in these irrational times!

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That was a killer NFP! But Ukraine situation seems to be escalating too... Still no clear direction??? I'm gonna wait for pa to close below 1275-77 area to open shorts ; if not then ill be long 1307 and above!

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Being so close to the upper trend line and respecting the 100 SMA Gold could possibly break higher tommorow or start a new bearish trend below a close of 1267..

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Who knows...? The momentum is clearly bearish; but the bullish spikes indicate something might be up... Coupled with the fact that PA is respecting the 100 sma on the daily...& perhaps of the old adage that goes something like 'the market ends up ...

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Its about time they make MT a saint! That was a profound quote...Thanks for sharing!

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I stayed away today because I just don't think there is any point for my style of trading...As far as I see its only guess work trying to predict PA between 1277 and 1307... Until We don't see a convincing move and close above these numbers: I am ...

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