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TOPIC: Gold

Gold 03 Jul 2018 00:12 #1

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Is gold at a crucial point?
If 1240 goes, then 1208?
Looks long term to 1125?

Ta
G
GOLD.jpg
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Gold 25 Nov 2016 17:34 #2

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I'm good longterm, thanks.

me too mad busy at work, so been taking it easy on trading, especially cfd account, mostly just buying longs in actual sharedealing account.

Anyway Gold.
i agree, very bearish.
I was trying to point out the 50 day ema line, crossing down into the 200 day ema line.

Not sure if my chart was showing the correct data.
If it is correct thats a death cross :evil: :evil: :pinch:

Major bearish crossover if its correct, maybe someone with Metastock charts can confirm it that crossover please??

atb, wdik
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Last Edit: 25 Nov 2016 17:36 by Trendfriend.
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Gold 25 Nov 2016 12:42 #3

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Trendfriend,

I'm well thank you. Hope your all good? B)

I see your still trading, I have been so busy lately, I haven't done any trading. I did say I was getting back into trading, then work went crazy!! :woohoo:

Didn't take the short. :sick:

I'm looking at gold for $1000, trying chart again. :ohmy:

OunceGoldUSD25.11.png
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Gold 24 Nov 2016 18:31 #4

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Hi Longterm, hope your keeping good.

Yeah Randgold short was a no brainer, but i didn't take it on!! doh!! :huh:

Anyway gold, still more down imvho.
Maybe a small bounce around here, as the rsi is at 20/100 level.
Any rallies should be shorted.

The chart below(some candles missing on it, no idea why) is quite interesting atm.
the red circle, anyone, any ideas whats about to happen there?? ;) ;)

atb, wdik
trendfriend :)




gold24Nov2016.PNG
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Gold 24 Nov 2016 16:24 #5

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.

Gold chart won't attach correct.

Its right in the preview, but not when it goes online. :woohoo: :silly:
Last Edit: 24 Nov 2016 16:27 by longterm_view.
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Gold 24 Nov 2016 15:33 #6

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Trendfriend,

Did you short gold and RRS? It would have been a beauty, :P

Looks like gold is breaking down further, broken through 1200, weekly close below, and it opens up 1150,1100,1050 and ultimately 1000.

RRS is clinging onto a support line, as it gold.
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Gold 07 Aug 2016 14:01 #7

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Looking at Gold here.
I think this may have now made at a short to mid term top imvho.
Looks like a trendline break, and i think that's a h&s top.
With the rsi also breaking support, this could well move down towards the 200 day ema, off course lots of supports between those levels.

As long as this opens below 1345 tonight/tomorrow, i'm looking to short Gold, and quite possibly some Gold stocks as well, so lets see.

imvho, dyor, wdik
Trendfriend.
golddaily7Aug16.PNG
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Gold 16 Jun 2016 17:19 #8

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gold has broken out past strong resistance.


dl.dropboxusercontent.com/u/4899609/gold16thjune2016.png

if gold stays above this and in a few days time comes back and test the level then ill go long at the new support.
Information Purposes Only, Do Your Own Research
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Last Edit: 16 Jun 2016 17:58 by remo.
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Gold 06 Jun 2016 17:18 #9

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Closed at 1246 earlier this afternoon. Was looking for 1249 but just missed out.
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Gold 30 May 2016 10:30 #10

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Just gone long on gold with a stop just below today's low.
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Gold 27 May 2016 10:46 #11

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nice rsi div on the hourly as well, suggesting a possible rise, even if it's only short term bounce

wdik, dyor
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Gold 27 May 2016 07:34 #12

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Nice trade Monkeyz!!

Watch RSI support from July, looks it tested it and held...
Maybe a good time to go long??

Yellen speech later could spike it either way thou... But I think the drop overdone....

Atb, wdik.
Trendfriend
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Gold 27 May 2016 07:01 #13

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Took my last short off the table at 1220. Had been looking for 1210 but its been a good run and the daily candles have made a little twitchy.

Will be interesting to see how today finishes.
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Gold 26 May 2016 14:21 #14

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Thanks Monkeyz....

i think you could well be correct, and nice trade...

Just taking a quick look earlier this am.....i think while bears are in control atm.... i see the trendline break around 1240(ish) being significant imho....

while its below that the low numbers are a real target.....however, i would not discount a possibility of this being a bear trap break below this trend channel, so if we get a weekly close back above $1240, it may well have the bulls back in control.....

lets see how this completes the week. i'll try and post chart later...

atb, dyor, wdik

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Gold 26 May 2016 07:26 #15

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Thanks TF.

I would prefer to see price hit the 1200 zone and I still have a short targeting 1210. I suspect if we get a daily close beneath the March lows c.1206 we may well see lower prices somewhere between the 50 & 61.8% retracement levels.



dl.dropboxusercontent.com/u/24866576/201...8%20Gold%20daily.png

It's interesting to note that on my FxPro Ctrader platform (great FX charting btw) it has some info showing 65% of clients are long, see the green bar above the two yellow arrows. On the basis that most folks are wrong then this will need to get more neutral / bearish before the next move up. The green target line is not mine but one of TradingCentral.

Interesting piece of the jigsaw alongside the US indicies at the moment.

All the best
M
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Gold 26 May 2016 00:04 #16

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Here's a link in case you can't find it - I like the way he annotates the charts, with 1-2-3 reversals and other indicators illustrating his analysis:
www.tradingview.com/chart/XAUUSD/1KquFpR...of-2nd-and-3rd-wave/

He has some very bearish views on gold throughout the summer months.
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Gold 25 May 2016 23:50 #17

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Have a quick look at tradingview.com and a poster on there called "chartwatchers". He's made some very good calls on gold recently.
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Gold 25 May 2016 08:41 #18

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Good call on Gold Monkeyz....

do you think $1190 200 day ema line is likley now??

i think $1190/1200 strong support...

but wdik.....
Trendfriend.
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Gold 22 May 2016 12:47 #19

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Yes, you could well be correct Monkeyz...

However, while this is above the trend line and above the 50 day ema line, a move up to the top of the channel at 1325 area is not only a good possibility, but highly likely imho........

Off course, i will add the caveat that a break and end of day close below the trendline, and 50 day line, should see a move down to 200 day ema line at $1190....the rsi has broken support, and that could be a indication of more downside....

I'm happy to stay long above the trendline and 50 day for now.....
lets see how this plays out this week.....

imho, dyor and wdik
Trendfriend.
gold22may16.PNG
Last Edit: 22 May 2016 13:21 by Trendfriend.
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Gold 20 May 2016 07:36 #20

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Stay nimble with gold on the short term. Was close to closing my short at 1242 yesterday but just missed out. Would prefer to see more of a pullback / consolidation before going long just yet.



dl.dropboxusercontent.com/u/24866576/201...7%20Gold%20daily.png

Cheers
M
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Gold 19 May 2016 13:12 #21

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good place to go long on gold if you like the shiny stuff...

50 day ema, and the channel support trendline both at $1246.....this may bounce a few pips/dollars beforehand, as it seems to like a bounce just shy of teh 50 day ema.....

Stops below $1246...

ATB, dyor.
Trendfriend.


gold19may16.PNG
Last Edit: 19 May 2016 13:23 by Trendfriend.
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GOLD -remo/all 23 Apr 2016 12:50 #22

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Looking at Thursday and Friday's action on gold I think we are ready for that 'washout' the UBS report keeps reminding us of (for those who read it). They've suggested 1200, 1190 and 1164 as targets. There are still lots of bulls so I think it's going to be a very bumpy ride down but as DXY is now bouncing I think (hope!) it's going all the way to 1164'ish.

Something to consider is that gold started its meteoric climb on the first day of January - while the big boys were still enjoying their New Year holidays. They'll want to drive it as low as they can to load up before they let it fly to mid 1300's again.

That wick on the weekly candle is going to take a lot of bull energy to climb above and the only way to get that is to drop it nice and low first.

Once it drops below 1208 we'll know the direction for sure.
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GOLD -remo/all 22 Apr 2016 08:05 #23

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I've got gold in this bullish channel.
Corrected typo's
This charts from 19 Apr.
uk.advfn.com/p.php?pid=chartscreenshotsh...jVC8cqIx/3ZDBNX5Qr8=

Look for longs at the bottom of the channel, short at the top.

Top of the channel and target is around $1300+
Bottom around $1225.

If it breaks below the channel, it could be ready for a decent p/b.

Looks very bulliah atm, and as long as it's stays in the channel.

Trendfriend. :)
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GOLD -remo/all 22 Apr 2016 06:34 #24

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I've got gold in this bullish channel.

This charts from 19 Apr.
uk.advfn.com/p.php?pid=chartscreenshotsh...jVC8cqIx/3ZDBNX5Qr8=

Look for longs at the top of the channel, short at the top.

Top of the channel and target sia round $1300+
Bottom around $1225.

If it breaks below the channel, it could be ready for a decent p/b.

Looks very bulliah atm, and as long as it's stays in the channel.

Trendfriend. :)
Last Edit: 22 Apr 2016 06:38 by Trendfriend.
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GOLD -remo/all 21 Apr 2016 11:37 #25

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Gold going well today. :whistle:

Looks to be breaking out. :cheer:
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GOLD -remo/all 23 Feb 2016 20:41 #26

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Hi Trendfriend

I think it will break up for the simple reason that nothing in the real world would support a big drop below 1200 right now. I've got just about everything invested in gold funds etc until the end of the decade or more as I think it will way out perform equities in that timeframe. But I like to play with some in my spreadbet account so I watch it daily and really appreciate views such as yours on here.

$1300 here we come!

Learning
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GOLD -remo/all 23 Feb 2016 17:35 #27

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Hope so trendfriend :)

Went long on a few gold produces a little while back! ;)
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GOLD -remo/all 23 Feb 2016 17:25 #28

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Nearly Learning!! held 1200 brillaantly well.....
Come on Shiny stuff, you can do it :pinch:

Trendfriend.
gold23feb16.PNG
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GOLD -remo/all 22 Feb 2016 11:19 #29

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gold22feb16.PNG

Hi Learning,

This looks to have retraced much of its gains. It's currently in a area of support.
1200 & 1990 are the next supports, its currently holding on to the 10 day ema and a short term trendline below.
If these area's fail to hold this could well go down to 1150, so lets see....
I think 1200 and 1190 should be good support.
If it breaks out of what looks to be a bull flag.(not a bull flag until it does break out) The target would be the length of the flag pole, so 100+ points.

This is a interesting article on Gold which someone posted on another forum. interview with Dan Norcini
www.moneymetals.com/podcasts/2016/02/19/...ld-technicals-000831

ATB.
Trendfriend.
Last Edit: 22 Feb 2016 11:31 by Trendfriend.
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GOLD -remo/all 20 Feb 2016 13:20 #30

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Hi Trendfriend

Would you say the low for that pennant is about 1210 as of Monday - if it breaks down it could still be a bull flag but could go down to 1130'ish before it turns up again. This week's UBS report suggests gold could still re visit 1130-1150 - I'd just like it to go up to 1300 or more first!

If it breaks up out of the pennant next week, what target price would you project?

Thanks

Learning
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GOLD -remo/all 19 Feb 2016 14:23 #31

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Bull Flag or bull pennant?? take your pick.

Looks like gold has still got more to rise imho...
Regards
Trendfriend.
goldpennant19feb16.PNG


goldbullflag19feb16.PNG
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GOLD -remo/all 02 Feb 2016 17:15 #32

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Information Purposes Only, Do Your Own Research
remo
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GOLD -remo/all 20 Jan 2016 13:42 #33

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Gold looks bullish. Its broken and retested the 123 low breakout recently. Id target the 1133 area as thats the 200em area currently

dl.dropboxusercontent.com/u/4899609/gold20thjan2015.png
Information Purposes Only, Do Your Own Research
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Last Edit: 20 Jan 2016 13:44 by remo.
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GOLD -remo/all 20 Jan 2016 12:07 #34

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Looks like a breakout of the flag today.... and should continue higher ;)
Regards,
Trendfriend.
gold20jan16bullflag.PNG
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GOLD -remo/all 20 Jan 2016 09:18 #35

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I've had this on my radar for a while but missed it doh !!!

I had the break down at 1088 are we both right or was I wrong lol (learning still)

Where would you enter ? I guess we will retest the breakout area
SpotGoldDFB.png
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GOLD -remo/all 19 Jan 2016 17:23 #36

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Cup and Handle or Bull flag??
1095 looks to be the breakout point... ;)

Regards,
Trendfriend
gold19jan16ch.PNG


gold19jan16bullflag.PNG
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GOLD -remo/all 09 Dec 2015 18:06 #37

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1400 target or so then new lows
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GOLD -remo/all 09 Dec 2015 11:33 #38

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This is the only gold chart i can find for some odd reason. I can only go back as far as 2010.
based on this.
Support... 1051
Resistance..1091

There is a 123 low formation on this currently. So entry would be on a break out past 1091 with stops below 1070 if this activates. :cheer:


dl.dropboxusercontent.com/u/4899609/gold9thdec2015.png
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GOLD -remo/all 09 Dec 2015 07:54 #39

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AdeMcG,
Seems you disappeared after kicking things off? Lol
Ta
G
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GOLD -remo/all 08 Dec 2015 08:01 #40

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AdeMcG,
From the thoughts of US rates going up, $ going stronger, I expect commodities to go lower.
From charts,if it doesnt clear 1085$ , its heading towards 1047$,or 1027$ then mayb to sub 1000$.

Charts attached.
Ta
G
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GOLD -remo/all 07 Dec 2015 22:36 #41

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to kick things off...where do you see it going ?
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GOLD -remo/all 07 Dec 2015 15:39 #42

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Remo et all

Could you guys please provide any charts and comments on GOLD please.
Ta
G
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Gold Food4thought 18 Oct 2015 20:11 #43

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Food4thought,

I notice your Brent and ftse100 charts, thanks ;)

What are your thoughts on gold?

I did a chart based on closing prices and believe it has broken out? :whistle:
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Gold Trades 12 Oct 2015 18:21 #44

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I'm way too much of a novice to post a chart, but if you look at the weekly you can see where gold may stop (short term) and retrace a little.

You'll see the MA50 and a line of oblique minor resistance meeting around 1181-1182 this week. I would expect price to overshoot to maybe 1187 and then retrace. The 100% fib from the recent low of 1098 is also at 1189 so a few hurdles at the same point.

Assuming it does, what fib retracement percent should we expect (on gold) from a 1185-1190 short term top?

Hope this helps and would love some feedback as I'm still learning!
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Gold Trades 12 Oct 2015 12:39 #45

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This is from IG

Goldchart12.3612-10-2015.png
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Gold Trades 12 Oct 2015 11:58 #46

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i make a 1,2, 3 low @ 1167??
My chart is not the best tbh...maybe someone can confirm that number??
Looks ok to mo, so i'm long with tight stop...

Trendfriend.
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Gold Trades 09 Oct 2015 15:56 #47

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Looks like gold is breaking out today. :whistle:

It needs a close above 1144 on the weekly.

Attachment OunceGoldUSD.png not found



close up
OunceGoldUSDcloseup.png
Last Edit: 09 Oct 2015 16:02 by longterm_view. Reason: add another chart
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Gold Trades 09 Oct 2015 15:55 #48

  • longterm_view
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Looks like gold is breaking out today. :whistle:

It needs a close above 158.
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Gold Trades 24 Mar 2015 20:52 #49

  • Monkeyz
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Haven't been keeping tabs on gold recently however I do have a long silver position, which on a weekly view is shaping up nicely.

dl.dropboxusercontent.com/u/24866576/Mar...0-47-49%20Silver.png

Gold - could be the start of a breakout, but early days and heading into a load of resistance between 1200 - 1220.

dl.dropboxusercontent.com/u/24866576/Mar..._20-50-22%20Gold.png

Cheers,
M.
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Gold Trades 24 Mar 2015 17:44 #50

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It has been a while since my last Gold view, so whilst we await a more authoritative technical view from our resident experts (come on guys, you know who you are :P :evil: :P ), here's my view:



dl.dropboxusercontent.com/u/15745438/Trading/GOLD-24-03-15.png

It could go either way to be honest; and the way DXY was bought into after Yellen's smack down, it wouldn't surprise me if Gold gets spanked again; but there's a case a basing range is forming for bounce.

As always, I'm happy to receive feedback.

p.s. One thing I can't get "cheap" any more is gold bullion. Gold in EUR / JPY terms is up up 20-25%, in GBP terms it is up some 7-10%, of its lows. The same goes for gold against any trade-weighted Dollar component; except the USD itself.

Talk about the USD de-coupling from every single asset class there is! :woohoo:
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