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- Slight replied Feb 8, 2016
Are you guys still watching this market? The breakout at $1114 was mentioned and Gold is now trading at almost $1200. Last week was volatile regarding bull action, Monday of this week continued to follow the same path. Let's see where we're headed. ...
- Slight replied Feb 7, 2016
You again Stay open-minded, trade your plan and don't count on country lore. Doesn't matter what happened the same month the previous years or decades. This might just be the time it's different.
- Slight replied Jan 21, 2016
I'm basically agreeing with you, still this market is so slow for so long now, the first couple of breakout buys, depending on your holding period, may just as well fail. But the more that are triggered without new weekly lows, would be in favor of ...
- Slight replied Jan 19, 2016
All those guesses and expectations.. I guess that's not for me. I want to see a chart to know what is happening right now, and I still don't see your scenario supported. Let's see if that changes in the coming weeks/months Having a plan will be ...
- Slight replied Jan 18, 2016
Sorry, looking at a chart right now, how do you get "the equity market canno tfall for a longer period of time" when these markets just started to really move lower? This could change any minute of course, but right now, without going into the ...
- Slight replied Jan 16, 2016
Purely technically speaking, and from the point of view of the weekly chart, in order to determine the major trend and when it bends, the following gold chart shows that the ongoing 3-year correction has been divergening for more than a year now ...
- Slight replied Oct 2, 2010
Gold going higher and higher ... if it retraces and gives a good entry I am willing to buy again. Still watching out for a bigger correctin though. These should be the outskirts levels where price is up there...
- Slight replied Sep 30, 2010
I've got to say I am a little surprised Gold keeps on going up. The divergences never end here ... more steam is not coming together to put price up much much more I believe, but so far it keeps itself up there steadily.
- Slight replied Sep 17, 2010
My guess is Gold is done with going up. There are 5 waves done on multiple timeframes, and even the weekly chart is in divergence. My guess is the price of gold will go down for a while before making new highs. It should have seen it's high for now ...
- Slight replied Sep 7, 2010
There it is. After the 5 wave sequence is finished, I am expecting a bigger correction. Even on the 4h chart 5 waves have been completed. Looks kind of like the smaller timeframes are finishing off their waves ... unless it doesn't start to shoot ...
- Slight replied Sep 7, 2010
hey grashid. i've got to say i disagree.. i see gold going higher. from the wave perspective we are in a wave 5 that still needs to make a new high on the daily. 1265 and higher is what i am looking at. let's see how it will go
- Slight replied Sep 7, 2010
I guess we'll just keep on climbing on gold. Even though it's pretty slow action imo this long should last another while .. still wave 5.
- Slight replied Aug 31, 2010
very good reason: 5 waves are finished. the weekly is currently setting up its first divergence, so the daily is in a wave 5 right now. the momentum of the current trend is already getting weaker and weaker. i am not saying we won't hit 1300, but i ...
- Slight replied Aug 31, 2010
I disagree. Intact uptrend running to top out above 1265 area ... then down from there.
- Slight replied Aug 26, 2010
hm. technics say it's going above 1265,10 for now .. maybe during the next couple of weeks. after that I see it retracing for a quite a while. so longer term view would be down imo.
- Slight replied Aug 25, 2010
I think we are looking at a wave 2 of 5 .. but it really doesn't matter. It'll go up once it hits that fractal I'm not in yet, so let's see..
- Slight replied Aug 24, 2010
I'm buying again at 1238 after securing profits this morning. Didn't expect such a fast correction. We'll see if it takes out the fractal of 08/19 soon ... I am in this for the longer haul though (daily tf) .. good trading!
- Slight replied Aug 24, 2010
Stopped out on Gold this morning .. I am looking for a bigger retracement now .. at least 38,2% probably more.. then long again to make new highs. SP sell @ 1062,5 .. could be a longer thing downwards. Let's see.
- Slight replied Aug 22, 2010
here you go. if you have questions, don't hesitate to ask.
- Slight replied Aug 21, 2010
To me it looks like gold is going up above 1265,10. That's the last high of wave 3 on the daily chart. Currently it look like we are in a 5th wave on the same TF. After that we should see a correction down to about 1100 or something like that - ...