Cookie Policy

Welcome, Guest
Username: Password: Remember me

TOPIC: Gold

Gold 15 Aug 2013 19:46 #151

  • WaveSurfer
  • WaveSurfer's Avatar
  • OFFLINE
  • Senior Poster
  • Posts: 637
  • Thank you received: 1438
  • Karma: 42
bingo.... was just a matter of time, another clue was silver that usually leads....
The administrator has disabled public write access.

Gold 15 Aug 2013 18:34 #152

  • remo
  • remo's Avatar
  • NOW ONLINE
  • Moderator
  • Posts: 3137
  • Thank you received: 5609
  • Karma: 113
Breakout... :cheer: :cheer:
Information Purposes Only, Do Your Own Research
remo
The administrator has disabled public write access.
The following user(s) said Thank You: WaveSurfer, buffet

Gold 15 Aug 2013 09:52 #153

  • WaveSurfer
  • WaveSurfer's Avatar
  • OFFLINE
  • Senior Poster
  • Posts: 637
  • Thank you received: 1438
  • Karma: 42
i agree, a break here should yield at least a $100 move...

Daily chart.

dl.dropboxusercontent.com/u/40497882/gold_Daily_15_aug13.JPG


h33ce328.JPG


rgds WS
Last Edit: 15 Aug 2013 09:52 by WaveSurfer.
The administrator has disabled public write access.
The following user(s) said Thank You: ronnie, remo, ps13, buffet, Traderme

Gold 15 Aug 2013 09:32 #154

  • ronnie
  • ronnie's Avatar
  • OFFLINE
  • Administrator
  • Always look on the bright side of life!
  • Posts: 2218
  • Thank you received: 1554
  • Karma: 72
This is hovering around the same area, level to watch on gold is 1348.

Information purposes only, Do your own research,
All share trading carries risk,
Ronnie
www.chartsview.co.uk
www.facebook.com/chartsview
twitter.com/chartsview
www.linkedin.com/company/2766233
chartsviewblog.tumblr.com
Last Edit: 15 Aug 2013 09:38 by ronnie.
The administrator has disabled public write access.
The following user(s) said Thank You: remo, WaveSurfer, fabba007, buffet

XAUUSD - Gold 13 Aug 2013 19:25 #155

  • followNev
  • followNev's Avatar
  • OFFLINE
  • Fresh Boarder
  • Posts: 77
  • Thank you received: 94
  • Karma: 7
got stopped out of the long on the H4 chart. made some good gains and banked some of the move, however the stop is trailing a 20ma hence being stopped out. waiting for the next h4 or d1 signal.

heafd139.png
The administrator has disabled public write access.
The following user(s) said Thank You: ronnie, Amo

XAUUSD - Gold 13 Aug 2013 09:29 #156

  • remo
  • remo's Avatar
  • NOW ONLINE
  • Moderator
  • Posts: 3137
  • Thank you received: 5609
  • Karma: 113
The level to watch on gold for today is 1348. If this level breaks then this could send gold back up to 1424 area.

Information Purposes Only, Do Your Own Research
remo
The administrator has disabled public write access.
The following user(s) said Thank You: fabba007, Libero, Wreckless Eric

XAUUSD - Gold 09 Aug 2013 19:02 #157

  • followNev
  • followNev's Avatar
  • OFFLINE
  • Fresh Boarder
  • Posts: 77
  • Thank you received: 94
  • Karma: 7
just went long today, a few reasons for doing so but main was is that we have retraced between 50% and 61.8% of the previous up wave. Price held this week again
09august_xauusd_w1.png

and I have a H4 Long signal.
09august_xauusd_h4.png
The administrator has disabled public write access.
The following user(s) said Thank You: ronnie, remo, WaveSurfer, Libero, not-just-anytradr

Gold 25 Jul 2013 11:46 #158

  • gclark25
  • gclark25's Avatar
  • OFFLINE
  • Junior Boarder
  • Posts: 198
  • Thank you received: 267
  • Karma: 10
Short term trade? :lol:
The administrator has disabled public write access.

Gold 25 Jul 2013 11:38 #159

  • remo
  • remo's Avatar
  • NOW ONLINE
  • Moderator
  • Posts: 3137
  • Thank you received: 5609
  • Karma: 113
Im planning on going long at 1300 on a first attempt basis with a 5 pip stop ;)
Information Purposes Only, Do Your Own Research
remo
The administrator has disabled public write access.
The following user(s) said Thank You: wild13

Gold 25 Jul 2013 11:04 #160

  • gclark25
  • gclark25's Avatar
  • OFFLINE
  • Junior Boarder
  • Posts: 198
  • Thank you received: 267
  • Karma: 10
So it has entered into temporary support zone on the 4H chart:


GOLD_-_4H_-_25-7-13.png


However, despite being in a support zone, I won't be going long for the following reasons:

1. Bounce of key resistance (see chart) which was the 38.2% fib from the extreme low to high
If you look back at my charts on here you can see just how consistent Gold trades of the fib area's

2. Bearish break of the RSI trendline on multiple timeframes

3. Stochastic and other momentum indicators look bearish

Chart:


GOLD_-_1D_-_25-7-13.png


However, if you note on the Daily chart, there is a bullish break of a downtrend resistance line. This could be a false breakout however, as I think the price was always going to test the fib area.

Due to the uncertainty, I am staying out of any long term moves for gold until the direction bias becomes clearer.

I may trade on the short term moves though.
Last Edit: 25 Jul 2013 11:09 by gclark25.
The administrator has disabled public write access.
The following user(s) said Thank You: remo, wild13, Wreckless Eric, rayjem

Gold 22 Jul 2013 01:22 #161

  • Basementgeek
  • Basementgeek's Avatar
  • OFFLINE
  • Fresh Boarder
  • Posts: 35
  • Thank you received: 38
  • Karma: 3
Stopped out from the squeeze.

Lesson learnt.

Should have had faith in the RSI weekly and original positions at 1244 and 1270 being particularly safe.

The uptrend was definitely showing strength on Friday after my short, that's what you get for trying to be clever lol.

I guess the underlying power of the bulls and the danger a short squeeze should have put me off. A bit of of a red or black trade that one...
The administrator has disabled public write access.
The following user(s) said Thank You: remo, WaveSurfer, Libero

Gold 21 Jul 2013 23:25 #162

  • WaveSurfer
  • WaveSurfer's Avatar
  • OFFLINE
  • Senior Poster
  • Posts: 637
  • Thank you received: 1438
  • Karma: 42
It just got blitzed :)Paitech wrote:
The administrator has disabled public write access.
The following user(s) said Thank You: Libero, Traderme

Gold 21 Jul 2013 23:19 #163

  • Paitech
  • Paitech's Avatar
  • NOW ONLINE
  • Senior Poster
  • Posts: 827
  • Thank you received: 448
  • Karma: 9
The administrator has disabled public write access.

Gold 21 Jul 2013 22:33 #164

  • Paitech
  • Paitech's Avatar
  • NOW ONLINE
  • Senior Poster
  • Posts: 827
  • Thank you received: 448
  • Karma: 9
The administrator has disabled public write access.

Gold 21 Jul 2013 09:20 #165

  • WaveSurfer
  • WaveSurfer's Avatar
  • OFFLINE
  • Senior Poster
  • Posts: 637
  • Thank you received: 1438
  • Karma: 42
short squeeze comin ? dyor.

>1298/1300 > ~1340 > ~1388/92

supp 1268/70


gold_daily_21July13.JPG


dl.dropboxusercontent.com/u/40497882/gold_daily_21July13.JPG
The administrator has disabled public write access.
The following user(s) said Thank You: remo, Jackozy, Libero, buffet, Traderme

Gold 18 Jul 2013 20:12 #166

  • Basementgeek
  • Basementgeek's Avatar
  • OFFLINE
  • Fresh Boarder
  • Posts: 35
  • Thank you received: 38
  • Karma: 3
Closed Longs at 1286, profit banked.

Currently Short at 1285.8.

Target = 1254.

Hoping to Long again around that area if this trade plays out with 1420 as the main target.
The administrator has disabled public write access.

Gold 18 Jul 2013 05:57 #167

  • diver993
  • diver993's Avatar
  • OFFLINE
  • Senior Poster
  • everything is possible
  • Posts: 699
  • Thank you received: 1138
  • Karma: 25
The crystal ball is a bit foggy but I wouldn't be surprised to see this back to 1254-1243 before heading up once again but don't hold me to it. This is just my view from looking at the chart and not based on any fundies :)
The administrator has disabled public write access.
The following user(s) said Thank You: Basementgeek

Gold 17 Jul 2013 21:59 #168

  • Basementgeek
  • Basementgeek's Avatar
  • OFFLINE
  • Fresh Boarder
  • Posts: 35
  • Thank you received: 38
  • Karma: 3
Diver, thanks.

I see that the RSI is still above the trend line which is still positive..

I'd like to see the bulls take it above that 1295 level again and hold it on a closing basis, shame they couldn't push it higher today.

I guess the price action ahead all rests with Bernanke's comments tomorrow.

Any views on the possible forthcoming price action after today?
Last Edit: 17 Jul 2013 22:01 by Basementgeek.
The administrator has disabled public write access.

Gold 17 Jul 2013 21:35 #169

  • diver993
  • diver993's Avatar
  • OFFLINE
  • Senior Poster
  • everything is possible
  • Posts: 699
  • Thank you received: 1138
  • Karma: 25


dl.dropboxusercontent.com/u/7238706/Gold%20Ounce%20USD.png

Amazing how the fibs and trend lines coincide B)
The administrator has disabled public write access.
The following user(s) said Thank You: Basementgeek

Gold 17 Jul 2013 18:32 #170

  • Basementgeek
  • Basementgeek's Avatar
  • OFFLINE
  • Fresh Boarder
  • Posts: 35
  • Thank you received: 38
  • Karma: 3
Well, 1300 did it's job of holding off the bulls today.

The bears sure had their fun to 1270.

Hoping the uptrend line around 1266 holds and we get another test to try and break above 1300 in the coming sessions. No doubt some more spikes like today will happen again tomorrow.

(Still long from 1244 and 1270)
The administrator has disabled public write access.
The following user(s) said Thank You: Libero

Gold 16 Jul 2013 12:08 #171

  • Basementgeek
  • Basementgeek's Avatar
  • OFFLINE
  • Fresh Boarder
  • Posts: 35
  • Thank you received: 38
  • Karma: 3
Looking good for a test on 1300, Dollar weakening.

Next few sessions are key for Gold:

"Bernanke's testimony on the economy to a House panel on Wednesday and a Senate committee on Thursday will be closely watched for fresh clues on the outlook for monetary policy"

Hoping the price action is explosive. (to the upside) :woohoo:

p.s. The weekly RSI is looking quite nice and dandy. ;)
Last Edit: 16 Jul 2013 12:11 by Basementgeek.
The administrator has disabled public write access.
The following user(s) said Thank You: remo, Libero

Gold 15 Jul 2013 13:45 #172

  • Basementgeek
  • Basementgeek's Avatar
  • OFFLINE
  • Fresh Boarder
  • Posts: 35
  • Thank you received: 38
  • Karma: 3
Was getting a bit hairy for Gold until the US Retail Sales figures for June just got released.

Actual = 0.4%
Consensus = 0.8%
Previous = 0.5%

Fed kind of already gave a hint's to the market regarding tapering and prolonging the stimulus.

0.4% is thus supportive of their intentions.

Trickle tickle to market, then digest, Gold get's it's shine back, then boom. 1487. ;)
The administrator has disabled public write access.
The following user(s) said Thank You: remo

Gold 15 Jul 2013 08:40 #173

  • Jackozy
  • Jackozy's Avatar
  • OFFLINE
  • Senior Poster
  • Posts: 896
  • Thank you received: 2325
  • Karma: 49
We all seem to agree on $1320 being important but there's also the $1337.9 level and the 61.8% Fib as backup so my short stops will be just above that:

Golddaily14_07_13.gif


dl.dropboxusercontent.com/u/20815047/FTS...olddaily14_07_13.gif
The administrator has disabled public write access.
The following user(s) said Thank You: WaveSurfer, CT79, Basementgeek, Libero, Traderme

Gold 14 Jul 2013 22:55 #174

  • Basementgeek
  • Basementgeek's Avatar
  • OFFLINE
  • Fresh Boarder
  • Posts: 35
  • Thank you received: 38
  • Karma: 3
I noticed a recent pattern in Gold..

July = Goes Bullish

September = Goes Bearish.

It looks to me like a weekly RSI breakout is occurring atm and it's July...

so, if this plays out like previously then I'd like to see a move up towards 50% fib + major downtrend resistance which peaks in September 1487 before then making it's way back towards new lows...

Going to be interesting to see what kind of price action we get around 1320.
The administrator has disabled public write access.
The following user(s) said Thank You: remo, Libero, Traderme

Gold 14 Jul 2013 22:35 #175

  • diver993
  • diver993's Avatar
  • OFFLINE
  • Senior Poster
  • everything is possible
  • Posts: 699
  • Thank you received: 1138
  • Karma: 25
Amo,

I have learnt that divulging or discussing labels only leads to controversy therefore I now keep things to s bare minimum and do not get involved in such discussions. Save it to say, if this breaks 1322 it should be a move up. Whatever label you want to give it is fine with me :)
The administrator has disabled public write access.
The following user(s) said Thank You: Libero, Amo

Gold 14 Jul 2013 21:22 #176

  • Amo
  • Amo's Avatar
  • OFFLINE
  • Junior Boarder
  • Posts: 183
  • Thank you received: 98
  • Karma: 9
Hi Diver,

Do you have this move up as potential primary wave 1 ?

Thanks
Amo

diver993 wrote:


dl.dropboxusercontent.com/u/7238706/Gold%20Ounce%20USD.png

For me the important level to confirm the uptrend is 1322: a break of this and we have reversed the trend. The target is then between the 50% and 61.8% fibs of the last cycle, and a handy resistance therein would be 1530.
The administrator has disabled public write access.
The following user(s) said Thank You: Libero

Gold 12 Jul 2013 14:18 #177

  • Basementgeek
  • Basementgeek's Avatar
  • OFFLINE
  • Fresh Boarder
  • Posts: 35
  • Thank you received: 38
  • Karma: 3
Added final weight at 1270.

Decent bounce from yesterdays breakout point..

Nice confirmation that the bulls are in currently in control of this move.

The weekly chart looks quite promising especially if the bulls can keep this going past 1322.

Still, it's early day's and 1300's hasn't been taken out yet.
The administrator has disabled public write access.
The following user(s) said Thank You: remo

Gold 12 Jul 2013 12:16 #178

  • Basementgeek
  • Basementgeek's Avatar
  • OFFLINE
  • Fresh Boarder
  • Posts: 35
  • Thank you received: 38
  • Karma: 3
It's just retesting the breakout point of 1268.

Bit of a battle going on.

Come on the bulls!
The administrator has disabled public write access.
The following user(s) said Thank You: remo, Libero

Gold 11 Jul 2013 18:23 #179

  • diver993
  • diver993's Avatar
  • OFFLINE
  • Senior Poster
  • everything is possible
  • Posts: 699
  • Thank you received: 1138
  • Karma: 25


dl.dropboxusercontent.com/u/7238706/Gold%20Ounce%20USD.png

For me the important level to confirm the uptrend is 1322: a break of this and we have reversed the trend. The target is then between the 50% and 61.8% fibs of the last cycle, and a handy resistance therein would be 1530.
The administrator has disabled public write access.
The following user(s) said Thank You: remo, fabba007, Basementgeek

Gold 11 Jul 2013 13:41 #180

  • Basementgeek
  • Basementgeek's Avatar
  • OFFLINE
  • Fresh Boarder
  • Posts: 35
  • Thank you received: 38
  • Karma: 3
remo wrote:
This broke out nicely from the 123 low trade during the night...that's the advantage of having an order to open. B) .this should be a free trade now.. B)

Looking good B) but would be better once it breaks 1300, today preferably :lol:

I have 1324 as a level to bank profit but something tells me it could explode higher towards 1450 over the coming weeks with 1300 acting as a decent level of support. So maybe I'll let the whole trade run instead or bank half at that level. Decisions decisions....

Gold has been sold down massively so maybe the bulls want to some heavy price action northwards whilst the moment of opportunity is there.

I like big moves. :woohoo:
The administrator has disabled public write access.
The following user(s) said Thank You: remo, Libero

Gold 11 Jul 2013 08:16 #181

  • remo
  • remo's Avatar
  • NOW ONLINE
  • Moderator
  • Posts: 3137
  • Thank you received: 5609
  • Karma: 113
Libero wrote:
remo wrote:
This broke out nicely from the 123 low trade during the night...that's the advantage of having an order to open. B) .this should be a free trade now.. B)

Beautiful call Remo, and great call on the S&P too. B)


There you go bringing back memories of the excellent calls made on the ol' XTA board!

:P


I do miss the good old days on the xta board :lol: :lol:
It seems a long time ago :P :P :P ....Or is it me getting old very quickly :unsure:
Information Purposes Only, Do Your Own Research
remo
The administrator has disabled public write access.
The following user(s) said Thank You: wild13, Chaundy1, Libero

Gold 11 Jul 2013 08:04 #182

  • Libero
  • Libero's Avatar
  • NOW ONLINE
  • Senior Poster
  • Posts: 599
  • Thank you received: 1336
  • Karma: 29
remo wrote:
This broke out nicely from the 123 low trade during the night...that's the advantage of having an order to open. B) .this should be a free trade now.. B)

Beautiful call Remo, and great call on the S&P too. B)


There you go bringing back memories of the excellent calls made on the ol' XTA board!

:P
The administrator has disabled public write access.
The following user(s) said Thank You: remo

Gold 11 Jul 2013 07:43 #183

  • remo
  • remo's Avatar
  • NOW ONLINE
  • Moderator
  • Posts: 3137
  • Thank you received: 5609
  • Karma: 113
This broke out nicely from the 123 low trade during the night...that's the advantage of having an order to open. B) .this should be a free trade now.. B)
Information Purposes Only, Do Your Own Research
remo
The administrator has disabled public write access.
The following user(s) said Thank You: fabba007, Basementgeek, Libero

Gold 10 Jul 2013 12:15 #184

  • Basementgeek
  • Basementgeek's Avatar
  • OFFLINE
  • Fresh Boarder
  • Posts: 35
  • Thank you received: 38
  • Karma: 3
Long from 1244.96
Stop=1230
Limit Target= 1324

May add if 1267.80 goes.

Come on the bulls, now's the time to push this north!
The administrator has disabled public write access.
The following user(s) said Thank You: ronnie, remo, Libero

Gold 09 Jul 2013 22:03 #185

  • remo
  • remo's Avatar
  • NOW ONLINE
  • Moderator
  • Posts: 3137
  • Thank you received: 5609
  • Karma: 113
Im going to add to my longs from earlier today at 1268 did not post as based on hourly chart and entered earlier....

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

A finish above this would be the signal for a short term rally...Possibly a 123 low as redchilly mentioned.


dl.dropboxusercontent.com/u/4899609/gold9thjuly.png
Information Purposes Only, Do Your Own Research
remo
Last Edit: 09 Jul 2013 22:05 by remo.
The administrator has disabled public write access.
The following user(s) said Thank You: Basementgeek, Jackozy, Libero, redchilly

Gold 09 Jul 2013 10:30 #186

  • gclark25
  • gclark25's Avatar
  • OFFLINE
  • Junior Boarder
  • Posts: 198
  • Thank you received: 267
  • Karma: 10
Hi RC,

I was looking at Gold last night and for the last week.

GOLD_-_WEEKLY_-_9-7-13.png


I think it is heading towards the LONG LONG term 50% fib retracement area in the short term (maybe even further, there is an oblique long term support - blue line - also to consider)

GOLD_-_DAILY_-_9-7-13.png


There is, as you have indicated, a potential 1,2,3 breakout on the daily chart, however it may not be a great move up, and if you choose to go long, I would perhaps take some off @ 1330/1335 which is the previous support & 38.2% long term fib mark. It is also within the oblique channel range.

Just something to consider if you choose to go long.

I think I will opt to go short in around the 1330/1335 area, and, depending on price action, go long @ the 50% fib area.
The administrator has disabled public write access.
The following user(s) said Thank You: ronnie, Basementgeek, buffet

Gold 09 Jul 2013 09:47 #187

  • redchilly
  • redchilly's Avatar
  • OFFLINE
  • Senior Poster
  • Posts: 589
  • Thank you received: 1107
  • Karma: 31
Keep an eye on 1267 as that's the 123 low breakout point after bullish divergence on indicators :)
GOLD.jpg

Low of 1180 was 1, 1267 2 & 1208 3
dyor
redchilly
Last Edit: 09 Jul 2013 10:06 by redchilly. Reason: typo
The administrator has disabled public write access.
The following user(s) said Thank You: remo, Basementgeek, Libero, buffet

Gold - Charting nice 28 Jun 2013 05:40 #188

  • Wreckless Eric
  • Wreckless Eric's Avatar
  • OFFLINE
  • Fresh Boarder
  • Posts: 59
  • Thank you received: 100
  • Karma: 4
Some interesting charts and with the continued fall and comments from the BBC news article 28 June 2013 Last updated at 02:40 GMT <<Gold price falls below $1,200 an ounce>>

"You don't want to catch a falling knife, so people who might be buyers are stepping aside and don't want to show gold at their quarter-end statement," said Axel Merk, chief investment officer at Merk Funds."

Maybe Remo's 1160 bounce will occur first, only another -3.5% odd down today and Monday? and then the mid November CQG EW forecast 1096 to 1093 -8.8% to -9%.

Some charts (oil/US$/Gold):-

www.macrotrends.net/1311/asset-price-bubbles-since-1976
www.macrotrends.net/1335/dollar-gold-and...chart-last-ten-years
www.macrotrends.net/1334/dollar-gold-and-oil-historical-chart
The administrator has disabled public write access.
The following user(s) said Thank You: ronnie, remo, WaveSurfer, fabba007, Basementgeek, Jackozy, buffet

Gold - Charting nice 27 Jun 2013 12:04 #189

  • gclark25
  • gclark25's Avatar
  • OFFLINE
  • Junior Boarder
  • Posts: 198
  • Thank you received: 267
  • Karma: 10
I just posted the below blog after having a look at the gold chart today. I haven't been following this thread, so apologies if some of it may overlap with what you guys are saying, which I strongly suspect will be the case since most of us look at similar things.

chartsview.co.uk/Chartsview-Blog/fib-ext...-could-be-going.html

These are the chart's I posted within the blog (only 2) - but the next key area for me is the 50% fib ext from extreme low (2005) to extreme high (2011)


GOLD_-_WEEKLY_FIBS_-_27-6-13_002.png


Closer up view


GOLD_-_DAILY_FIBS_-_27-6-13.png
The administrator has disabled public write access.
The following user(s) said Thank You: remo, WaveSurfer, Basementgeek, Jackozy, Libero, Paitech, Wreckless Eric

Gold 27 Jun 2013 11:57 #190

  • WaveTracker
  • WaveTracker's Avatar
  • OFFLINE
  • Fresh Boarder
  • Posts: 4
  • Thank you received: 7
  • Karma: 1
Gold (Bullion) forecast based on EW:
20_gold130626.gif
The administrator has disabled public write access.
The following user(s) said Thank You: Jackozy, Libero, Wreckless Eric

Gold - Charting nice 27 Jun 2013 10:33 #191

  • Basementgeek
  • Basementgeek's Avatar
  • OFFLINE
  • Fresh Boarder
  • Posts: 35
  • Thank you received: 38
  • Karma: 3
$1160/oz is the level I had noted down also but I wouldn't mind it to fail and head to $900-700/oz to pick up some physical.

:woohoo:
The administrator has disabled public write access.

Gold - Charting nice 27 Jun 2013 09:14 #192

  • remo
  • remo's Avatar
  • NOW ONLINE
  • Moderator
  • Posts: 3137
  • Thank you received: 5609
  • Karma: 113
im waiting for the perfect entry ...
This would be the 61.8 fib level at around 1160ish.
Theres 2 levels of support there so should bounce on a first attempt basis. So put that level in your diary :cheer: :cheer: :cheer:


dl.dropboxusercontent.com/u/4899609/goldjune27th.png
Information Purposes Only, Do Your Own Research
remo
The administrator has disabled public write access.
The following user(s) said Thank You: WaveSurfer, Broad-rock, fabba007, Jackozy, Libero, Wreckless Eric, buffet

Gold - Charting nice 27 Jun 2013 06:24 #193

  • WaveSurfer
  • WaveSurfer's Avatar
  • OFFLINE
  • Senior Poster
  • Posts: 637
  • Thank you received: 1438
  • Karma: 42
well it got there in the end..... ;)

key area to look for may be a counter rally to kick off (in a bear)

$1192, 1151 & 1011


gold_weeklyJune.JPG

WaveSurfer wrote:
here's the monthly view - long term target is in the greenzone once one red zone is cleared ;)

dl.dropboxusercontent.com/u/40497882/Gold%20monthly%20APR13.JPG

GoldmonthlyAPR13.JPG
The administrator has disabled public write access.
The following user(s) said Thank You: Jackozy, Libero

Gold 06 Jun 2013 08:31 #194

  • Jackozy
  • Jackozy's Avatar
  • OFFLINE
  • Senior Poster
  • Posts: 896
  • Thank you received: 2325
  • Karma: 49
I missed the chance to short this at the descending triangle resistance shown here on this 4H chart. There could be another chance on a breakdown of 1388.9 so I may look to that on a backtest:

GOLD4H06_06_13.gif


dl.dropboxusercontent.com/u/20815047/FTS...s/GOLD4H06_06_13.gif
The administrator has disabled public write access.
The following user(s) said Thank You: remo

Gold 30 May 2013 17:28 #195

  • WaveSurfer
  • WaveSurfer's Avatar
  • OFFLINE
  • Senior Poster
  • Posts: 637
  • Thank you received: 1438
  • Karma: 42
looking at this rally - personally i dont think its sustainable, like to see lower low in futures play, cash made a ll but not futures....

i'll be watching 1437/46 area, if it gets there....

all imo,

rgds WS
The administrator has disabled public write access.

Gold 30 May 2013 11:02 #196

  • Jackozy
  • Jackozy's Avatar
  • OFFLINE
  • Senior Poster
  • Posts: 896
  • Thank you received: 2325
  • Karma: 49
Thanks remo.

Re updata, I think it's something to do with my FX feed subscription (gold is in that feed). Not sure really but I can't get pre-2008.

Thanks again for that chart.
The administrator has disabled public write access.
The following user(s) said Thank You: remo

Gold 30 May 2013 10:58 #197

  • remo
  • remo's Avatar
  • NOW ONLINE
  • Moderator
  • Posts: 3137
  • Thank you received: 5609
  • Karma: 113
here you jackozy...heres the monthly chart for Gold going back to 1968. ;) ;)
Im surprised that updata dont go back far. :unsure: :unsure: There normally real good.


dl.dropboxusercontent.com/u/4899609/gold30thmay.png
Information Purposes Only, Do Your Own Research
remo
The administrator has disabled public write access.
The following user(s) said Thank You: WaveSurfer, Jackozy, Libero

Gold 30 May 2013 10:50 #198

  • WaveSurfer
  • WaveSurfer's Avatar
  • OFFLINE
  • Senior Poster
  • Posts: 637
  • Thank you received: 1438
  • Karma: 42
i'll put something up the weekend J - but yes im expecting at a min $1000, glad u mentioned those price targets...;-)
The administrator has disabled public write access.
The following user(s) said Thank You: Jackozy

Gold 30 May 2013 10:48 #199

  • Jackozy
  • Jackozy's Avatar
  • OFFLINE
  • Senior Poster
  • Posts: 896
  • Thank you received: 2325
  • Karma: 49
Yep - makes sense. Only thing is you've then got your big wave A at near the 50% Fib of the whole rise from c. 700 so where are you expecting C to end? At the 78.6% Fib near 950?

I'd like to see the longer term view but can't get it on updata. Any chance you could post a monthly chart going way back to the moves prior to 700?
The administrator has disabled public write access.

Gold 30 May 2013 10:30 #200

  • WaveSurfer
  • WaveSurfer's Avatar
  • OFFLINE
  • Senior Poster
  • Posts: 637
  • Thank you received: 1438
  • Karma: 42
Hi J - your C is my BIG A-

current move up - projecting to 1500/1540 will be a BIG B (circa 38% retracment from ~1321-1900 or 1617/22 ( my number again) = 50%, then a BIG bad C to follow to new lows...

if that makes sense....

cheers WS.
Last Edit: 30 May 2013 10:34 by WaveSurfer.
The administrator has disabled public write access.
The following user(s) said Thank You: fabba007, Jackozy
Moderators: remo

Time to create page: 0.132 seconds