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- Basement replied Dec 20, 2013
I agree, Also we have to note that it looks like it's going be Golds lowest weekly close in a very long time. The week of 5th July's was 1223. That clearly tells me the Bears are not finished yet.
- Basement replied Dec 16, 2013
If it closes at 1240, it could easily test 1238-1230 during the Asia session or 1250. A $10 move is always likely in either direction... Looking just now the price has tested and bounced off of the 50% fib from the days low-hi.
- Basement replied Dec 11, 2013
I'm waiting to see the reaction at 1300 and possible 1350 if it breaks above before any shorts. Will be patient - the Risk/Reward is appealing. I think if strong rejection at either 1300-1350 then another attempt for 1180-1200 is likely.
- Basement replied Dec 4, 2013
In my opinion, this was to finally confirm the top around 1251 area as well as the obvious short squeeze... But of course if the price exceeds that area then this quadruple top will be invalidated
- Basement replied Nov 30, 2013
Looks like it.. What's it going to be? image
- Basement replied Nov 6, 2013
Breakout.
- Basement replied Nov 6, 2013
Gold...
- Basement replied Nov 6, 2013
Breakout of downtrend resistance on 15min.
- Basement replied Nov 5, 2013
No, i use it referencing, but was interested to see how the close up price action follows the trend lines / breakouts etc. My outlook is bullish as long as get above the downtrend resistance on the 4hr.
- Basement replied Nov 5, 2013
Nice breakout of downtrend resistance, and backtest before moving higher.
- Basement replied Nov 5, 2013
Nice! Hopefully it can finish above 1316...
- Basement replied Nov 5, 2013
Gold about to move up?
- Basement replied Nov 3, 2013
Early days but looking at the 4hr: Hammer into Friday's close. RSI bottoming Higher Lows Current candle above downtrend line from 1360
- Basement replied Nov 3, 2013
Early days but looking at the 4hr: Hammer into Friday's close. RSI bottoming Higher Lows Current candle above downtrend line from 1360.
- Basement replied Jul 18, 2013
It's still there as far as I can see. My short is a short term trade only, and i wanted to bank the profit from my Longs since i missed out on the 1300 test opportunity.
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