Ammeo

IF this continues to fall today / tomorrow and day-after, traders on longs are going to be very very nasty..

Closed my 108.45 long at 108.9

May be gold is heading 1190 next week the way the current scenario is,if 1190 doesn't hold 1147 is inevitable.after 6 years dollar hitting high after high,this is a great bubble created by the central banks to eat investors money.

Short term trend is neutral but i think the overall picture remains negative.A decisive fall below the 1.2860 in the near future to make way for the main support zone of 1.2760.

Weaker Gold Prices Forecast By Majority Of Survey Participants A majority of participants in the weekly Kitco News Gold Survey said they see weaker prices next week for the yellow metal, as U.S. dollar strength and expectations of rising interest rates continue to weigh on values. Out of 37 participants, 24 responded this week. Of those, seven see higher prices, 13 see lower prices and four see prices trading sideways or are neutral. Market participants include bullion dealers, investment banks, futures traders and technical-chart analysts.

A good GDP print next week for the US will send this pair to 110+. 110+ is inevitable anyways.

That high 6333 might get big move here

When even Barclays is bearish then i am just a minor trader.. Barclays Lowers Gold Price Forecast Wednesday September 17 Barclays on Wednesday lowered its price forecast for gold, citing “an increasingly bearish macro backdrop developing for gold,”. “Rising rates and a significantly stronger dollar present headwinds, which are set to overwhelm any seasonal strength in physical demand this year,” the bank said. Barclays lowered their fourth-quarter average gold price forecast to $1,220 an ounce. They now expect prices to average $1,270 an ounce in 2014. Their 2015 forecast calls for an average gold price of $1,180.

Short @ 1233 /SL:1241,TP:1227,5

Euro still have bullish settup and current hesitation marks the last major bullish technicality before 1,26 lows. As long as Euro maintains current lows, looks like Euro and Pound will go separate ways, which makes EUR/GBP cross an interesting medium term buy oportunity (for 0,86 and higher).

I think 1190 levels should be tested + price floor set, before entering heavy XAU longs

H4 looks VERY bullish though, combine it with that weekly hammer. Just saying. I am still bearish though.

Even if we don't get a rate hike from the Fed this week, as long as they remain hawkish, this pair is going to 110+.

Some Important past big decisions on this pair... September 03, 06:21 AM – Morgan Stanley adjusted stop from 1.32 to 1.317 on its EUR/USD Short (Short-Term) September 05, 01:42 AM – Danske placed an active limit order to Short EUR/USD at 1.2972, with a target at 1.2788 and a stop at 1.3045 (Short-Term) September 05, 03:47 AM – Credit Suisse placed an active limit order to Short EUR/USD at 1.301, with a target at 1.279 and a stop at 1.307 (Short-Term) September 05, 05:02 AM – Morgan Stanley placed an active limit order to Short EUR/USD at 1.304, with a target at 1.25 and a stop at 1.314 (Short-Term) September 08, 01:58 PM – Citi entered EUR/USD Short at 1.2908, with a target at 1.22 and a stop at 1.32 (Medium-Term) September 09, 06:00 PM – Citi entered EUR/USD Short at 1.2889, with a target at 1.22 and a stop at 1.32 (Long-Term) September 10, 05:28 AM – Danske hit profit-stop on its EUR/USD Short circa 1.2961 (Short-Term) at a profit of +11 pips September 11, --:-- AM - Forex Intel: Short-term Bullish US Dollar Positions Cancelled Against A Potential Longer-Term Fundamental Adverse Development.

Gap was closed and now there is no reason for price to proceed higher unless we are initiating a new bull run.

Some more Bearish news... Weaker Gold Prices Expected Next Week Say Survey Participants Gold prices are expected to fall next week, say a majority of participants in the weekly Kitco News Gold Survey, as a stronger dollar and an outlook for eventually higher interest rates weigh on values. Out of 37 participants, 24 responded this week. Of those, five see higher prices, 18 see lower prices and one sees prices trading sideways. Market participants include bullion dealers, investment banks, futures traders and technical-chart analysts. Last week, survey participants were slightly bearish. As of 11:30 a.m. EDT, Comex December gold was down about $37 for the week.

1238 didnt hold though atm but this could be a false breakdown. 1180-1200 is the next demand zone if the breakdown still holds and continues to go down.

Time to Buy again as it reached the 1240. Stop loss at 1220 Take profit at 1270.

This is interesting.. Barclays Cuts Euro Forecast to Most Bearish on Economy Slowdown Dated: September 10, 2014 Barclays Plc lowered its one-year euro forecast to the most bearish of Wall Street banks as the currency union’s economy deteriorates and as increasingly aggressive monetary policy signals further depreciation. Europe’s common currency will weaken to $1.27 in a month, to $1.22 in three months and to $1.10 in a year, strategists led by Jose Wynne said in a report today. That compares with forecasts of $1.30 by the end of 2014 and $1.27 in a year, according to the median estimate of economists and strategists surveyed by Bloomberg. Morgan Stanley projects the euro weakening to $1.20 by the end of the third quarter of 2015, according to data compiled by Bloomberg. “We now see a more protracted and significant slide in the EUR and are revising our forecasts substantially lower over a 12-month horizon,” Barclays said. “We expect this to be a multi-year trend, returning EUR/USD to lows not reached in more than a decade.”

Shorted eurusd for unknown number of pips tp and sl. Logical sl should be 7 pips at 1.2927

For the short term.. RSI is Strongly Bearish MFI is Strongly Bearish Stochastic is Strongly Bearish

This monthly/weekly downtrend taking us all the way to 1.25 possibly below to 1.22 which will be a weekly support. This trend is expected to continue through the rest of the year or rate change whichever comes first. Hold ur seats tight for a bearish ride..

The very bad NFP will weigh on USD the whole month, not just the day its released. Market will price a more dovish FOMC statement.

Once 2920 is broken, my first target next week will be 2805, then waiting for a little bounce and after that below 2800.

Saw a cup and handle pattern and went long at 105.430 and exited @105.630... Lucky me