my daily fork.
http://s18.postimage.org/80cbqoykl/GOLD_daily.jpg
learned from beeb !
http://postimage.org/image/80cbqoykl/
http://s18.postimage.org/80cbqoykl/GOLD_daily.jpg
learned from beeb !
http://postimage.org/image/80cbqoykl/
GoldenEuro Cross (XAU/EUR) GoldenAussi Cross (XAU/AUD) 51 replies
Gold futures & XAU 77 replies
Daytrade - XAU/USD & XAG/USD 14 replies
XAU/JPY & XAG/JPY 13 replies
Successful XAU/USD traders 7 replies
Dislikedmy daily fork.
http://s18.postimage.org/80cbqoykl/GOLD_daily.jpg
learned from beeb !
http://postimage.org/image/80cbqoykl/Ignored
DislikedI reckon that the pitchfork you have drawn there is a bit premature as it does not have sufficient validation to be convincing. I think you will find an up trending fork following the slope of your red trend line to be more suitable. You would probably find a better fit for a down trending fork on a shorter time frame such as 1 hr (I assume that is a daily time frame you are using there). I think beeb has one drawn on a 20 min time frame somewhere in this thread.Ignored
DislikedHi, my 1h and 4h charts have been showing strong uptrend for gold since monday. Is it safe to assume that the move back up is on?Ignored
DislikedGC 240 still running perfectly....
http://screencast.com/t/fqiNIczTA6C
beeb
Mariano FSB Trading plagiarises content without asking permission.....Ignored
DislikedNobita - at the moment what you have drawn has no validation ie price has not reacted to any of your lines. Until price does react to these lines and you see that they are working in harmony, all that you have are lines.....
Nothing wrong with being aware of where support and resistance may occur but you have no history with the current lines with which to predict where further action may be expected.
Hope that helps
beebIgnored
DislikedAs for the GLD (Gold ETF) its high time for a bounce to occur, mainly on technical confluence and fundamentals. As seen by the chart, the 50% retracement level is right below that big down day that occurred on Friday. I would like to see GLD test this level of 161.50 and fail, for the next leg higher in gold to initiate. A breakdown below this level, could have bearish implication on the GLD and the price of gold.Ignored