Well then you missed out...! Its crucial to stick to your strategy; otherwise one can get lost in this forex jungle! I in particular tend to lose a lot when markets trade sideways like this because I like to take swing trade setups from 1hr and 4hr ...

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Emas don't mean much in a sideways market... GL to you too! *But I will abort my long bias if pa closes below 1277 for the day*

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Playing the news is risky business...especially these days.. Its best to wait untill all the news is out so that the picture for a direction becomes clearer!

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Overall I am still bullish as long as the market closes above 1277 for the day.... USD index is going to be under a lot of pressure today...

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Try to stay out of any positions right now... If you want to go long; wait for a significant candle close above 1302... Or if you want to go short wait for 1277 significant candle close below... the markets will be choppy this weak until NFP! GL!

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Yes they are now saying: "russia is ready to retaliate to sanctions...", "holding talks with N.Korea"... Ukraine calling for the start of "WWIII".." u.s saying "further sanctions to come if Russia doesn't change their stance..." No way this market ...

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Exactly what I am looking at... Plus the fact that PA is holding the 100 day SMA on the daily...

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Yes in theory that is what should happen... (but since there is so much going on affecting the price of gold; its hard to predict what should happen...) If it comes as forecasted then not much happens because (it is already priced in)

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No problem man! Yes it very confusing; as there is a tug and pull between 50% fib extension levels and 61.8% retracement level... (Also the 50 ema is moving exactly sideways on the daily chart and whenever this happens it generally becomes very ...

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Agree break of 1270 will definitely send prices lower... I am very concerned about the spx though; a close below 50 sma might cause panic risk off selling. Indeed NFP is crucial but it seems like something besides the ukraine issue is being priced ...

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as long as gold does not break and close under previous days low of 1288; the uptrend is still in tact! Plus the spx500 is also falling and appears bearish on the 4hr and daily charts...which should add to bullish sentiment of gold! I think the ...

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This is a very healthy drop for gold... and it is retracing on 38% level; it could further drop to 1288.5 which is going to be its 50% retracement... Anything beyond that then the sentiment might turn bearish... until then this can be a good long ...

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Also watch out for pending home sale numbers in an hour... it will keep the rhetoric running on the poor housing recovery story! which can be bullish for gold!

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No i get you... I guess you can wait for 1307 to break for further confirmation...Untill then perhaps trade the range! But I think we have hit the low for the day now...by end of us session gold will be up! Usd Index is going to fall too.. Look at ...

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Glad to see you change sides! (yee haw!)

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Lol!

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Oh you missed out on that! that's tough! but it would have been risky though... I still feel if 1298 supports we are in for some fireworks!

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For this rally... I don't know; I don't like to make predictions on exact price but rather rely on support/resistance levels. Right now key levels are 1307 ,1317, 1330-50, 1400 with the possibility of going further up to maybe 1420... I am judging ...

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Yes! You can also draw a trend line on the the weekly chart from 1796 level and see that a break of 1330-50 level in the coming week or weeks will establish a new very long term trend... This is all technically...if I am to see the fundamental ...

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HI farukh! Yes that is true...but I really do feel that the market will open higher and stay higher this week; as the market has recently seen 2 bottoms (1280 levels) and tried breaking down (1268) but instantly jumped up after on the daily chart. A ...

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