Gold Monthly — FYI

james16 Chart Thread

Spot on Q, good to see you firing on all cylinders

Auslanco - GBP/JPY and GBP/USD (newstrade)

fib level and daily 55 ema at 136 = TP

Auslanco - GBP/JPY and GBP/USD (newstrade)

pov — Top of the channel is 146-148

Auslanco - GBP/JPY and GBP/USD (newstrade)

I'm with Peter Schiff on Silver, if you're already long hold, if not look for a good buy entry.

Auslanco - GBP/JPY and GBP/USD (newstrade)

As I'm sure you know, Gold is valued against the dollar, the $ index is valued against a proportional basket of other currencies...so while global markets react and decline in unison, and central banks increase the money supply in a co-ordinated ...

Auslanco - GBP/JPY and GBP/USD (newstrade)

$1200 is a good start That bearish div looks to have played out on your chart. Gold is linked to the dollar not the yen, and while JPY is in trouble, it's not the nineties for the samurai, where as the US is setting itself up for a lost decade ...

Auslanco - GBP/JPY and GBP/USD (newstrade)

Look at the descending wedge on the weekly, it's pointing to a couple of thousand dollars an ounce, which effectively means the collapse of the dollar, which means buy yen.

Auslanco - GBP/JPY and GBP/USD (newstrade)

Hope you're keeping an eye on Gold

Auslanco - GBP/JPY and GBP/USD (newstrade)

Gotta go up to come down harder, go bullls

Auslanco - GBP/JPY and GBP/USD (newstrade)

61.8% retrace of mornings move down...bearish div on hourly/30 mins

Auslanco - GBP/JPY and GBP/USD (newstrade)

Sterling can go much lower than this, and if its going to it will be this year. mwah!

Auslanco - GBP/JPY and GBP/USD (newstrade)

Correct, they can

Auslanco - GBP/JPY and GBP/USD (newstrade)

When I got burned on geppy as a newb, I went and traded cable for 3 months every day, which is a nice pair to learn on, then I traded U/J for 3 months, again, nice pair to trade, THEN I came back to my favorite instrument, the beast, wiser and ...

Auslanco - GBP/JPY and GBP/USD (newstrade)

Daily 55 SMA hit, bermudas? I took em off to put em back on

Auslanco - GBP/JPY and GBP/USD (newstrade)

FYI 136.1 is a 61.8 retrace of the last down leg...hmmmmmm

Auslanco - GBP/JPY and GBP/USD (newstrade)

Rinse and repeat

Auslanco - GBP/JPY and GBP/USD (newstrade)

We're at the top of the channel - stochs overbought - bearish div on 30 min TF - she might pop up to 136.6 (daily 55 SMA)... Targets for next week 134 then 130 Don't trade this, trade your chart.

Auslanco - GBP/JPY and GBP/USD (newstrade)

135.9 bermudas on

Auslanco - GBP/JPY and GBP/USD (newstrade)