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- tk5 replied Nov 6, 2014
well then dollar strengthens, which in turn affects gold negatively..underlying reason for eur, aud and jpy weakening was stronger USD anyways.
- tk5 replied Nov 6, 2014
you should know what may happen...to gold
- tk5 replied Nov 6, 2014
I believe we should wait Dollar Index to reach 88 and see if it breaks it or not...before deciding to buy GOLD image
- tk5 replied Nov 5, 2014
i think its done..1138. going up.
- tk5 replied Nov 5, 2014
to which direction if we knew..
- tk5 replied Nov 5, 2014
By carefully drawing Channel down on Weekly chart..I came to conclusion Support is 1130-35 (Monthly S1) or 1120 (monthly S2). as for 1082 (lifetime Fib 50% level)..I assume this time it wont test it..this price is too cheap for gold for now.
- tk5 replied Nov 3, 2014
theres nothing specific about gold itself in this dragdowns.. Gold merely follows eur/usd and aus/usd!!
- tk5 replied Nov 3, 2014
People dont forget about Ebola and ISIS thing xau loves tensions.
- tk5 replied Nov 2, 2014
Enough is enough man.. XAU starting new ABCD...heading to 1280 by the end of year. No fundamentals will drag it down (only briefly) to reach 1200 next week then break it gradually. After holidays only Gold may head to 1100ish. W1 Chart. image
- tk5 replied Nov 1, 2014
Tuesday's US Trade Balance may be negative hence pushing XAU..
- tk5 replied Nov 1, 2014
problem with Gold analyzers they disregard the fact it's not a potato it's gold..it has value. it cant be that cheap at this time of life... XAU drawdown was inspired by EURUSD going down to its bottom...look at EURUSD and XAU charts..they are very ...
- tk5 replied Nov 1, 2014
you havent drawn the line properly..the Target one. it doesnt originate from right spot mate. even if does fall to 1080...it would take much time with higher high lower lows..not in a week. so it has to test at least 1200ish again.
- tk5 replied Oct 31, 2014
There is such thing called Fibonacci Retracement. He told me that he will reverse XAU to 50% level. which is 1205. He promised. have a good weekend folks.
- tk5 replied Oct 31, 2014
Christmas and December holiday season is upcoming. Dont forget. Monday Chinese BUYERS TO ATTACK MARKETS )))))))
- tk5 replied Oct 31, 2014
Last time Gold was 1160 (todays bottom) was in 2010!! Damn. we face some history here... i only need from XAU to hit 1200.all i want.
- tk5 replied Oct 31, 2014
lol Gold doesnt react to positive USA calendar events anymore she is done..
- tk5 replied Oct 31, 2014
Bear market has reason..reasons is Gold just retested one year low...June 2013..1185ish it's the begging of big trend up...towards 1300+
- tk5 replied Oct 31, 2014
Gold to shoot up as EU retests 1.25!!! just watch it is close
- tk5 replied Oct 31, 2014
I think I finally got the reasons behind thhis.. Its all EURUSD!!! damn..look at EU chart...it's USD strengthening going to the recent bottom....and hence gold going down along the way.. i should have not ignored that EU 1.25 bottom!!! they both ...
- tk5 replied Oct 31, 2014
you think Gold can be that cheap in such short time?? i really doubt