Sorry for the off-topic, but I have to share this: I've been doing a little research into family history, and it turns out that my great-grandfather spent some time in South Africa mining for gold :) Well, I like to think I am following the family tradition, although doing it the easy way...
On a more serious note, I see that it seems to be challenging the down-trendline at the moment.
"For the small investment of $99, you get 12 hours of quality content, packed into one day and archived for your continuing education as a savvy trader."
Speakers: * Website: Twitter Link: Anne-Marie Baiynd www.annemarietrades.com @annemarie2006 Ashraf Laidi www.AshrafLaidi.com @alaidi Fari Hamzei www.hamzeianalytics.com @hamzeianalytics Guy Adami www.optionMONSTER.com @guy_adami Jason Goepfert www.sentimentrader.com @sentimentrader Jon (DrJ) Najarian www.optionMONSTER.com @optionsmonster Larry McMillan www.optionstrategist.com @optstrategist Price Headley www.bigtrends.com @BigTrend
I asked Ashraf on Twitter when more information would be known about this, but he said "let's see how the March one goes". However, somewhere I saw a reference to one having been held in July one year, but I don't remember now where I saw that.
@Pipped: 1097.8 eh? Yes, I see what you mean. I'd probably have been better waiting for something like that. "Wait for the market to come to you...", rather than chasing it. I'm getting slightly better at this, but still need to work on it.
@Rob: Yes, I think that 1067 was a _possible_ short-term target, e.g. for today. At one point I thought it was heading south with good momentum, but it bounced back. Maybe it will turn out that that ~1077 (double bottom...?) was the low of the day. Let's see what next week brings.
Gold has hit 1090 already in the last hour or so. I was a bit too impatient and got in short too early as usual. Hope that trend-line resistance holds....a recent Twitter was calling possible 1067, so let's see...
@Chloe: Sounds like you're doing ok! And of course, it's excellent when you trade a pair over a long period, and really get to know it well. Sounds like you have done that with USD/CAD.
Curiously, for a long time I was "scared" of cable, and left it alone, but gradually, and mostly with Ashraf's guidance, I am getting to know its ways. I was also wary of EUR/USD, but have gradually got used to it. And at only 1 pip spread, it's my first choice for scalping! :-) (but I only do this when I'm feeling desperate ... :-) ). I'm gradually getting to know EUR/JPY. EUR/GBP I have decided is wierd, very wierd. Its only advantage is that it is not (usually) volatile). Gold is definitely volatile and needs kid gloves. I'm still a bit scared of GBP/JPY, because of its volatility and since the spreads are awful, I can't see any good reason to trade it. I think you have to be a bit of a specialist to trade oil; for now, I think I'll avoid it. I've had a bit of fun trading ranges in EUR/CHF and USD/CHF, but to be honest, it can be a bit like hard work, and I'm not sure it's worth the effort, as the spreads are on the high side. However, when there's nothing else going on I suppose .... and that concludes my highly-technical currency analysis... :-)))
With all the excitement of the last week or so, I'm afraid I'm getting to be a bit of an adrenalin junkie....gonna have to watch this :)
@Pipped: Thanks for the link; will give it a look. I think some hard-core traders almost take pleasure in being stopped out, just to prove they can take it. Not me mate :-)
Limited liquidity: Are there holidays in parts of Asia, or are you referring to the normal Asian market levels? We have a 3-day-weekend coming up for the USA don't we? Can't remember what it is. Canada too?
@Rim: This is just an "amateur" viewpoint, but IMHO, gold is the ultimate safe-haven**, regardless of what else is happening in the market. As such I think it can "have a mind of its own" to some extent (one of the CMC commentators - not Ashraf this time - said as much on a recent YouTube video).
So my guess is that the markets got the jitters over the whole European thingk, and maybe China as well, and no doubt a few other things, and so we are seeing a bounce in gold. Unless it motors on tomorrow, I don't necessarily think it means a great deal. But that's just a personal opinion from a *non-expert* .
(**This is why I - and a lot of other people I think - are long-term bullish gold. However, we have an intermediate-medium-term situation at the moment where the long-term bull market has been interrupted - sooner or later it will resume. The $64,000 question is only "when?".)
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ما وراء هبوط الدولار مع الذهب و من منهما يتمكن الارتداد؟
موعدنا الآن في غرفة شركة إكس أم لجلسة الأسواق
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Earlier in the week gold selloff was attributed to smaller than exp China EASING. Metal is now holding v well despi… https://t.co/ZW9cmXTPWW(1 year ago)
قام الذهب باحترام نفس النموذج الشهري 8 مرات خلال آخر 17 سنة. شاهد الفيديو الكامل
Gold has repeated this monthly pattern 8 times over the past 17 years.Watch now.
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On a more serious note, I see that it seems to be challenging the down-trendline at the moment.
http://www.thethreegurus.com/
"For the small investment of $99, you get 12 hours of quality content, packed into one day and archived for your continuing education as a savvy trader."
Speakers: * Website: Twitter Link:
Anne-Marie Baiynd www.annemarietrades.com @annemarie2006
Ashraf Laidi www.AshrafLaidi.com @alaidi
Fari Hamzei www.hamzeianalytics.com @hamzeianalytics
Guy Adami www.optionMONSTER.com @guy_adami
Jason Goepfert www.sentimentrader.com @sentimentrader
Jon (DrJ) Najarian www.optionMONSTER.com @optionsmonster
Larry McMillan www.optionstrategist.com @optstrategist
Price Headley www.bigtrends.com @BigTrend
http://www.cmcmarkets.co.uk/education/special-events
I asked Ashraf on Twitter when more information would be known about this, but he said "let's see how the March one goes". However, somewhere I saw a reference to one having been held in July one year, but I don't remember now where I saw that.
@Rob: Yes, I think that 1067 was a _possible_ short-term target, e.g. for today. At one point I thought it was heading south with good momentum, but it bounced back. Maybe it will turn out that that ~1077 (double bottom...?) was the low of the day. Let's see what next week brings.
Curiously, for a long time I was "scared" of cable, and left it alone, but gradually, and mostly with Ashraf's guidance, I am getting to know its ways. I was also wary of EUR/USD, but have gradually got used to it. And at only 1 pip spread, it's my first choice for scalping! :-) (but I only do this when I'm feeling desperate ... :-) ). I'm gradually getting to know EUR/JPY. EUR/GBP I have decided is wierd, very wierd. Its only advantage is that it is not (usually) volatile). Gold is definitely volatile and needs kid gloves. I'm still a bit scared of GBP/JPY, because of its volatility and since the spreads are awful, I can't see any good reason to trade it. I think you have to be a bit of a specialist to trade oil; for now, I think I'll avoid it. I've had a bit of fun trading ranges in EUR/CHF and USD/CHF, but to be honest, it can be a bit like hard work, and I'm not sure it's worth the effort, as the spreads are on the high side. However, when there's nothing else going on I suppose .... and that concludes my highly-technical currency analysis... :-)))
With all the excitement of the last week or so, I'm afraid I'm getting to be a bit of an adrenalin junkie....gonna have to watch this :)
@Pipped: Thanks for the link; will give it a look. I think some hard-core traders almost take pleasure in being stopped out, just to prove they can take it. Not me mate :-)
Limited liquidity: Are there holidays in parts of Asia, or are you referring to the normal Asian market levels? We have a 3-day-weekend coming up for the USA don't we? Can't remember what it is. Canada too?
So my guess is that the markets got the jitters over the whole European thingk, and maybe China as well, and no doubt a few other things, and so we are seeing a bounce in gold. Unless it motors on tomorrow, I don't necessarily think it means a great deal. But that's just a personal opinion from a *non-expert* .
(**This is why I - and a lot of other people I think - are long-term bullish gold. However, we have an intermediate-medium-term situation at the moment where the long-term bull market has been interrupted - sooner or later it will resume. The $64,000 question is only "when?".)