by Bill Downey     Price Analysis of Gold and Silver
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Technical Analysis Trading Gold, Trading Silver/ analysis By Bill Downey providing key turning points & charts for investors and speculators in Precious Metals Trading, and Precious Metals Markets

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Bill Downey, of Gold Trends.net, LLC, is an Independent Investment Analyst with over twenty years of study. YOU SHOULD NOT TAKE ANY MATERIAL posted on this WEBSITE AS RECOMMENDATIONS TO BUY OR SELL GOLD OR ANY OTHER INVESTMENT VEHICLE LISTED. Do your own due diligence. No one knows tomorrow's price or circumstance. The author intends to portray his thoughts and ideas on the subject which may s be used as a tool for the reader. GoldTrends does not accept responsibility for being incorrect in its speculations on market trend or key turning points that it may discuss since they are at best a calculated analysis based on historical price observations.

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Commodity Futures Trading Commission Futures and Options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don't trade with money you can't afford to lose. This is neither a solicitation nor an offer to Buy/Sell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results.

CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.

 

 

Traders Corner

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  • 17 Apr 2013 11:56 PM
    Message # 1271602
    Bill Downey (Administrator)
    This is where I'll discuss short term trading from now on and use Twitter just for highlights like support & resistance and everything else except trading.

    When I come to the trading room,  I will post it on Twitter.

    I will announce when I'm leaving the room.
    Last modified: 18 Apr 2013 1:12 AM | Bill Downey (Administrator)
  • 18 Apr 2013 12:12 AM
    Reply # 1271606 on 1271602
    Thanks for this Bill... subscribed. :)
  • 18 Apr 2013 12:17 AM
    Reply # 1271609 on 1271602
    Bill Downey (Administrator)
    In order to post it looks like you have to hit the reply button.

    Gold -- current area to short 1364-1366 ---- stop loss 1369

    Support 1359 on hourly --- need to get below 1359 in order for trade to develop.

    Trade targets Depending on your tolerance--- 1355 to 1358 & 1350 & 1330 
  • 18 Apr 2013 12:19 AM
    Reply # 1271612 on 1271602
    Bill Downey (Administrator)
    No probs Jon----this will be much better as i wont miss messages --and will be good to keep others who just want Gold & silver data & not interested in Trades.  
  • 18 Apr 2013 12:32 AM
    Reply # 1271622 on 1271602
    Bill Downey (Administrator)
    I will post when leaving the room.  I'm also working on reports and checking the room about every 10 mins --- If something comes up, I'll obviously post it. 

    DAY TRADE -- Just sold 1 June mini gold at 1367 --- stop 1370.50 
  • 18 Apr 2013 12:43 AM
    Reply # 1271624 on 1271602
    Bill Downey (Administrator)
    Currently Short at 1367 --- new stop 1370.

    Market showing strength at the moment --anything higher than 1369 will mean that the hourly downtrend is most likely neutralized.  

    Jon --- did you short it?
    Last modified: 18 Apr 2013 12:45 AM | Bill Downey (Administrator)
  • 18 Apr 2013 1:04 AM
    Reply # 1271636 on 1271602
    Bill Downey (Administrator)
    TREND IS CHANGING --

    LOOK to COVER THE POSITION NOW 
  • 18 Apr 2013 1:06 AM
    Reply # 1271644 on 1271602
    Anonymous

    Bounce very strong

  • 18 Apr 2013 1:06 AM
    Reply # 1271645 on 1271602
    Bill Downey (Administrator)
    Was Short at 1367.00  ---   Covered position at 1367.50

    If we pullback to 1364-1365 area might look to go long.
  • 18 Apr 2013 1:06 AM
    Reply # 1271646 on 1271602
    Deleted user
    Hello Bill!

    Thanks for your postings. Only your articles saved me from high leverage buys at 1450$ :)


    What kind of analysis do you use? I was worried go short due of candle H4  - it looks very dangerous for bears. I didn't remembered how this pattern exactly called.

    But 5$ per ounce is quite small stop so I'm in the trade :)
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Technical Analysis :: Gold & Silver

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