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waleed.khan replied Apr 9, 2014i am a little perplexed...either gold is lagging the us index and euro or there is something else up (a hidden piece...in the puzzle)...??? euro is flying!
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waleed.khan replied Apr 9, 2014well 1307.9 seems to be is 50% retracement...that might be your best bet...??
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waleed.khan replied Apr 9, 2014Don't trade the news...this could be a fake out who knows? wait for a convincing candle that can guide...
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waleed.khan replied Apr 9, 2014thats a massive engulfing candle...wow! where are we headed....????
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waleed.khan replied Apr 9, 2014image Looks like these arrows are fractal patterns on the hourly/4hr chart... maybe this trend will continue....Consolidation to 1305 and then up again tommorow...Although with todays fomc minutes, I suspect stops below 1300 might get taken out ...
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waleed.khan replied Apr 9, 2014Interesting...nice to know..best of luck to you too...
One thing though how did you come up with target of 1283? there is a few of you keeping that price in target...why? don't you see the 1295 trend line first?Only Gold!
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waleed.khan replied Apr 9, 2014You are a sniper
Counter trend trader?? or do you also go with momentum?Only Gold!
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waleed.khan replied Apr 9, 2014Very interesting.... Do you think ukraine crisis is gonna become worse....Fed is bluffing on their prediction on interet rate hikees or both? gl to you!
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waleed.khan replied Apr 9, 2014greece is also coming back into the scene again... more reasons for a bullish run! must watch out for fed minutes later today though...
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waleed.khan replied Apr 9, 2014You might be right...i can see 50% and 61.8%...any gartley experts?? Lets hope it holds it near term trendline which is at 1309 right now...
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waleed.khan replied Apr 9, 2014there seems to be hidden bullish divergence on the stoch 14,3,3 1 hr chart...Im just not convinced that we will go down today....?
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waleed.khan replied Apr 9, 2014in the next 10 mins gold must close above 1311.29...for it to stay up otherwise i think we are going down to 1306 again....
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waleed.khan replied Apr 9, 2014There is some good near term support on $1311.29.... (Pin bar of yesterday; plus the lows of the last 4 hrs on the 1hr chart)
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waleed.khan replied Apr 8, 2014This is a tricky one...If you see the chart I provided it shows that sometimes the correlation between eurusd breaks...plus the same goes for usd index and gold corelation - when there is fear usd index and gold move together. I'm going to wait a ...
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waleed.khan replied Apr 8, 2014hey samalmoore my comment above is in regard to your comment...Cheers!
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waleed.khan replied Apr 8, 2014great observation.... I've been thinking about this today too... But areyou building your sell based on eurusd under the 20ma? I'm thinking the ukraine issue..? as long as thats on the front burner I dunno? gold also held 1306 support real well. ...
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