y all keep asking when wan stock up gold....today ??? tomorrow??? next week???? damn irritating lo ..... not say we have a crystal ball that can predict the future price or a time machine that goes to the future and check the price.....all depends on the market.... market good gold up...market no good...gold down....is same like playing shares....u know when will it up n down meh??.... the only thing you can do is read some technical chart thingy, read reliable information about current gold news .This help you to your own advantage in saving yourself from going in the wrong timing. Gold in the long run is good for investment. Gold in the short run... u pandai pandai la

Always put a target price in ur mind. For me, if the target price has meet (below RM 168) tomorrow, then I will reload.

Hello,

To conclude, these were the answers to the question posted.

1. The H4 was not really a hammer. It looked more like a harami to me. It is still a reversal candle. So market did retrace a little.
2&3. You cannot spot a reversal candle when the candle has not formed finish. Thus, we need to wait until tomorrow to make any forward decision. It looks like a spinning bottom but it may not in the next 6 hours. So remember that, to spot a reversal candle, you need to wait it finish forming its formation to truly show you the market sentiment.

Last but not least, I decided to leave because reading the forum has affected my trading decisions. Having to read many posted articles and etc didn't seem healthy to my trade management. It is true this is an open forum. Because it is an open forum, what you learn may not be true. Thus, take things you think it right and leave what you think is wrong. That goes to with whatever I am sharing as well.

I may just post over the weekends instead. Maybe..

What have i done? Saying to leave is better than disappearing, isn't it?

I raise my case.

Thanks for the answers, Quinn. Responsible to the end...
Yep, first things first. This forum can wait.
May you make oodles of moolah, and remember the good and appreciative comments from us...sometimes, words get lost in translation in pixels when not said face-to-face. As the Malay saying goes, "buang yang keroh. ambil yang jernih..." See you around these posts!

This post has been edited by Yoda-sen: Sep 27 2011, 12:46 AM

hey quinn, glad that u r back. Am starting to get interested in this ichimoku thing. May i know how u get the chart?
i'm even willing to pay if it is subscription based. (but not too expensive lah )
glad if u can help

Ok, those who said that they wanted to wait as they were afraid it will drop some more I hope you can get the idea that we have reached the bottom already yesterday and that you can buy some more..

Agree too. You wait some more the USD will go up some more, then the gold price will be more expensive although it drop.

How do you know that we have reach the bottom now? any proof to back-up your statement?

Study and analysis all the information out there. Last night's NY market seems to be holding at 1600-1650. This may hint that gold has reached it's bottom.

I think that gold has yet to hit its bottom. I think prices will drop more probably below the 1500 barrier before it starts to rise again. So far, today gold is holding steady at 1,622 and USD at 3.18.

Any interesting article from www.gold price.org:

http://silver-and-gold-prices.goldprice.org/

This post has been edited by cybermaster98: Sep 27 2011, 08:43 AM

Yesterday, I cut my loses. I bought 100g last month RM174/g and I sold at RM166/g. Then I buy again 100g at price RM161.54/g. Do I doing the correct action for long term investment?

WHat long term investment??? Buying n selling within a month is long term for you?? You are gonna get burnt if you continue to invest like this. If ure looking for long term investment, then WAIT for prices to drop further. Then buy and HOLD. Dont buy n sell like stocks unless u are into ETF's.

It may not have bottomed yet, but it will rebound for now. There is no proof but indications. I initially suspected we had hit the bottom on Friday but the margin hike increase through a spanner into this. Its quite simple really, after such a sharp selloff, the price is bound to rebound. And we got a very clear rebound pattern, a sharp rise through above 1600 after the bottom. Next target 1700 before another big leg down....

USD drops yesterday, strange

erm... UOB update their website? with term? i did not notice these there last time?

this is totally wrong. For me i hold the real gold in my hand. You bought the gold at high price n sell the gold at lower price, u loss some money. Keep repeating this will make your money less and less. Lets say if you invest 2k into gold acc, buy high sell low n keep repeating this, maybe after 1 year the money u invest (2k) become 200 and from the begining till the end. You didnt get anything except losses. This is the reason why i buy real gold. No matter the gold price drop or raise, the gold still with me and i didnt loss anything. The value of the gold drop? I dont think so, as i see what happened these few days, all the seller suspend their web server or they just put 'out of stock'. It means that at this time, you got money also cant buy the real gold with the current spot price, unless you offer higher price.

They update slow like turtle. Can let me know today UOB selling price?

---

Added on September 27, 2011, 9:48 amNvm My UOB consultant told me is 168.2

This post has been edited by hongchai888: Sep 27 2011, 09:48 AM

I know buy/sell within a month is not long term. I just to cut my loses.

If I not sell, on paper my loses will be RM174 - RM162.63 (current buying price at PB) = RM11.37
BUT coz I sold, my lose -> RM174 - RM166 = RM8.

Then I buy back RM161.54. With current buying price at PB now is 162.63, on paper I get profit RM1.09.

So on paper right now, my total lost is only RM8 - RM1.09 = RM6.91 (NOT RM11.37).

Yup already 168.20, where yesterday only 166 , why so high ah? PB get 162?

This post has been edited by Alexdino: Sep 27 2011, 09:54 AM

Please refer my calculation :

I know buy/sell within a month is not long term. I just to cut my loses.

If I not sell, on paper my loses will be RM174 - RM162.63 (current buying price at PB) = RM11.37
BUT coz I sold, my lose -> RM174 - RM166 = RM8.

Then I buy back RM161.54. With current buying price at PB now is 162.63, on paper I get profit RM1.09.

So on paper right now, my total lost is only RM8 - RM1.09 = RM6.91 (NOT RM11.37).