Gold Charting and Gold TA Chat

[jparrie]

I love this thread. Squiggly lines which leads to more squiggly lines, which leads to price projections. Fascinating stuff.

 

[havo]

if you're long you are wrong

 

[thatguy]

Well that was a fun ride... and I was long and.... NOT WRONG :lol:


Payrolls Miss 162K vs 185K Expected, June Revised Lower To 188K; Unemployment Rate 7.4%

 

[havo]

unless you bought prior to 2011 you are still wrong if you are long

 

[thatguy]

unless you bought prior to 2011 you are still wrong if you are long

Actually I brought about 1hr ago

 

[mmissinglink]

Gold....$30 nose dive just before NY market close.

What's in store for next week? Will the big plunge be in?

 

[whinfell]

Gold....$30 nose dive just before NY market close.

What's in store for next week? Will the big plunge be in?

I think the "nose dive" is a glitch with the goldprice.org graphs - other sites show the spot price at close to be about US$1314 / A$1475.

Next week - who knows???

 

[Ronnie 666]

Usual Criminal activity. Never seen an error on the upside !!

 

[Ronnie 666]

Its now fixed !!

 

[dragafem]

Gold....$30 nose dive just before NY market close.

What's in store for next week? Will the big plunge be in?

I think the "nose dive" is a glitch with the goldprice.org graphs - other sites show the spot price at close to be about US$1314 / A$1475.

Next week - who knows???

was wondering about that price different too...

 

[leo25]

Usual Criminal activity. Never seen an error on the upside !!

LOL i was just thinking this. Funny how the errors are only on the down side. I didn't know errors had rules.

Also looks like the error is back in the AUS chart.

 

[havo]

unless you bought prior to 2011 you are still wrong if you are long

Actually I brought about 1hr ago

are you wrong yet?

 

[thatguy]

unless you bought prior to 2011 you are still wrong if you are long

Actually I brought about 1hr ago

are you wrong yet?

Nope 1285.34

 

[Altima]

Actually I brought about 1hr ago

are you wrong yet?

Nope 1285.34

Hmm it's below 1285 now. Where are we headed?

 

[havo]

are you wrong yet?

Nope 1285.34

Hmm it's below 1285 now. Where are we headed?

$700

 

[wrcmad]

Permabulls should love this one.
Apparently charting is BS until it shows the picture they are looking for.
Off a 38% retracement too.
(caveat: This chart is not mine)

 

[thatguy]

Sideways correction is VERY encouraging for further upside a break of 1380Au and 2320Ag and I will add to position. On the flip side 1340Au would be a nice retrace for me to add in

 

[thatguy]

Just loaded up on short positions on gold @ 1397 (stop 1402) to hedge gain in silver long position. Still hoping the dam breaks, but $1400Au looks like someones line in the sand

 

[Dustin]

Nope 1285.34

Hmm it's below 1285 now. Where are we headed?

$700

Could you please tell us when your crystal ball says gold will lose half its value?

 

[thatguy]

Just loaded up on short positions on gold @ 1397 (stop 1402) to hedge gain in silver long position. Still hoping the dam breaks, but $1400Au looks like someones line in the sand

Wow turning into a bit of a ding dong

http://www.zerohedge.com/news/2013-08-25/gold-double-slam-takes-out-all-bids-following-price-spike

Sure enough, minutes after ramping above the critical $1,400 level, gold has been slammed lower instantaneously, twice in the last hour, as a result of a rumored trade originating at the BIS (and specifically the desk of our old friend Benoit Gilson) slamming down the entire bid stack in a desperate case of "banging the open", giving up gold's gains from Friday's close...