All Majors and Gold

Thank you G, please clarify, do you mean uptrend after 1178 again (triple bottom) ? Thanks

sorry for the late reply

I mean that looking at this Andrew's pitchfork you can see that bottom support was respected. therefore a favourable upswing coming still towards the middle line
-this morning broke towards the 50% fib and overshot it and returned back down of the 1433 and 1178 range.
-we also from yesterdays low provided lower highs and higher highs....we are still in an uptrend after the drop yesterday.
-tonight a break of todays high should give next resistance of 1313, 1324, 1331 and 1334.....a break higher of 1335 should show us 1342, 1354, 1375 and 1392
- but a break below 1295 should bring us back to 128x again...and a break lower should show us 1267 again.....hope not ...

thanks,
G

I'm no EW expert & this count may be completely wrong, but I am highly suspicious of the sudden down move on Tuesday.
Either way the triangle holds the key..

here's my view on gold

gold back to slightly above todays open

good read.....makes sense....let's see what it does by august 2014

http://www.mcoscillator.com/learning...t_translation/


Gold’s Cycle is in Left Translation


http://www.mcoscillator.com/data/cha...cycle_2014.gif


April 17, 2014

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{C}
On the "blood red moon" day of April 15, gold had an impressive downturn which changed the whole picture for gold prices over the next few months.
Viewing one day's action on its own is a recipe for being misled. But viewing it in the right context is a great way to draw insights about what the future holds. And one of the most important contexts I have found for interpreting gold's price action is to put it into its proper place within the 13-1/2 month cycle.
I have written about this cycle before, along with its unique tie-in to cycles in other data, and it remains an important phenomenon for explaining how gold prices behave, telling us when the important bottoms and tops are due to arrive. More importantly, it remains an important interpretational tool for gaining an understanding about what is coming next.
About every 13-1/2 months, there arrives what I like to call a "major cycle low". Those tend to be the more important cycle bottoms, and the next one is due in July 2014, plus or minus a month. So between now and around July 2014, we can expect the normal sort of decline that is associated with price behavior leading into a major cycle low.
But the price action within the rest of the 13-1/2 month cycle also offers us information. There is nearly always a meaningful mid-cycle low about halfway between the major cycle lows. The latest iteration of that appears to have been the price low we saw in late December 2013.
Just as important as the timing of the mid-cycle low is the arrangement of the price highs before and after it. I like to call this cycle a "bactrian" cycle, after the two-humped camels native to the Asian region of Bactria. There are typically two important price peaks instead of one in each 13-1/2 month cycle period. And the arrangement of those peaks gives us information about the future.
If the right-hand peak is higher than the left-hand peak, then that is a configuration known among cycles enthusiasts as "right translation", and it is a bullish message about the future. It promises us a higher high on the up move after the major cycle low. That was generally the condition we saw all the way up from the 2001 low to the 2011 high. It also says that the decline into the major cycle low should not be too severe.
Seeing the left-hand peak higher than the right-hand peak is called "left translation", and it is a bearish message about the future. It says that the price ought to be expected to dip below the level seen at the mid-cycle low. The sad news for gold bugs is that this is the situation we are seeing right now.
Gold prices peaked around the $1420/oz level back in August 2013. So the key point I have been watching for in early 2014 was to see if gold could get up above that $1420 level to give us an indication of right translation. So far, we have not seen that, and lately it is not looking good.
Gold futures prices turned down after peaking on April 14 at $1331/oz, well under the $1420 level, and indicating a left translation condition. This is the 3rd cycle in a row with left-hand translation, meaning that gold as not yet broken out of its bearish chart configuration. While there is still a remote possibility of a late blowoff rally ahead of the major cycle low due in July, that possibility gets more and more remote with each passing day.
For now, the expectation is for a decline to take out the levels of the December 2013 lows, which were around the $1190/oz level (depending on which contract one looks at). That's a pretty big decline from here, and not likely to end until the arrival of the major cycle low due in July 2014.
See also this 2005 article about left and right translation.

Tom McClellan
Editor, The McClellan Market Report

Good read indeed.

Charles Nenner is pretty much saying the same thing with his cycle work. a low in July with price projections up to 2000 by or into '15.

Charles Nenner predicted a big correction before at around 1800-1820 and we went straight to almost 1900 after that.

Could you give me the link? Tks

damn I missed this Golden oppurtunities during easter day....

4/20 2014

http://www.citynews.ca/2014/04/20/po...quare-for-420/


I love my city

ahh,... that was a golden opportunity... http://finance.yahoo.com/echarts?s=T...TWD.V;range=1y , I found it out too late....

Well well what is next in this slow and drawn out conflict.

Tell me Mr VP what will 600 US troops do to 10k Rissian troops? Are those 600 soldiers super unhuman people like Captain America type? If you are sending a message send a proper one not one that is idiotic.

http://m.bbc.com/news/world-europe-27118875

It is looking like the world is saying to Russia go ahead and take over Ukraine and we will pretend to protect this illegal government until you finally take over the country. These sanctions don't work and will only damage USA n euro economy not Russia. In putin's view he is only protecting it's children like USA protecting any NATO country. Putin will not back down

Get to war already my gold longs are waiting to explode.

By the way anyone in Toronto area want to come to listen to mr Sinclair speak on saturday?

Looks like "real politic" is the name of this game. No one is in the mood to oppose putin and he also has a strong propaganda machine.
What about nex move? As far as I can see we are on the 50% retracement, I am also long (manily because I thought situation will explode in ucraine).
But we may go doowwwnnnnnn
best!

nzd/usd

my view NU is completing ab=cd in same area as august 1st, 2011 peak....
-bullish view as recent announcement of rate .25% rate increase 2.5hrs ago




Thanks,
G

Hi G,

Good eye Have nice setup at that supply level. But also some other patterns developing....

thanks Scott
also check out usoil

hi GNOMONEEY, see you after a very long time.
Here is my view for gold with a medium term horizon.

Below snap shows after reaching a level of 1307, 1310 or 1317 level marks, a short term down trend until 1259 or 1224 level marks should be on target.

Attachment

Below snap shows a medium term up trend after finishing level of 1259 or 1224 level marks, until up trend up to 1486 or 1559 level marks

Attachment

Please let me know up to what extent i am being correct for my review.
Happy to see you again
regards
jay