image GU H4 update. Prefer shorts over longs now. However, once green box is reached, if short is activated upon break of 6200 (TP 6100) I'd look for PA to build base in demand zone and look to enter long. Also it's wise to note that month of ...

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The PA on GU also went according to this scenario, one can now look to reload long once PA build a base @ BUY zone. good luck and good trading guys!

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Update on GU H3. Now awaiting PA to build base at 6340-60 area and once 6420-30 is tested and broken looking to enter long for the weekly high @ 6660. Sorry gangsters, can't post updates on H/L in timely fashion, I'm travelling and don't have access ...

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yeah I sold gold and it went almost according to the forecast, made ok, even though during asian the spread is a more than decent 1000 points.

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GU H3 UPDATE image

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nice thread and good results, keep posting mate!

masut's system - the law of supply & demand

XAU USD (gold) been pretty popular lately, so here's my take on it. I expect some correction to 1740 levels, before any further strength will pick pace. image

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...and a chart on GU with suggested trading strategy. image

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Supplementary to the previous post a chart on euro is in place. image

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New week GU High/Low NN forecast: HIGH 1.6660 LOW 1.6300 Daily GU High/Low NN for Monday: High 1.6456 LOW 1.6307 Daily EU High/Low NN for Monday: HIGH 1.4557 LOW 1.4308

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sold GU @ current 6340 SL 20 TP 6180, current up-move is just ridiculous and can not be sustained for long for sure.

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no problem Riko, have a good one too mate!

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Expect GJ to move another 100+ pips, once yen starts the ascent.

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here's the support for GJ short - the yen H1 chart. check it out, I like that PA. image

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image USDX H1 downwards sloping channel and DBL top, suggests that dollar might have a slippery ride today, resulting in higher GU and GCAD. lets see, could be tricky.

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Also looking @ GBP CAD one will see the same picture. PA built a base @ MR2 @ 6050 and looks like it wants to test 6240 (current price is 6101)

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I think GU might want to challenge WP @ 6450 actually looking @ PA now.

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And I don't like that price level on the short. I would wait for some clean break of stronger level, your level is kinda range bound really.

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image Bro gotta be open to both scenarios, however I do agree that downside is more favorable now. Hover, please note that 6222 is monthly pivot, and also weekly range on GU is almost out (60 pips left of downside). The thing is way below weekly ...

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sorry guys no high/low today on EU/GU due to travelling. I'm working on polishing the system to do high/low forecasting for daily and weekly. I will post new highs/lows over weekend. Meanwhile, I'm suggesting the following: GBP JPY short sell @ ...

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