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Grashid- Gold Analysis

  • #401
  • Edited 12:51pm Feb 7, 2011 9:12am | Edited 12:51pm
IMHO you need to be clear on your parameters. A trader is not an investor and vice-versa. You need to work out your timescale for trading and adjust your view accordingly.

For example for longer term or swing trading suggest you look at the last two years daily rsi, stochastics and macd - all of which are currently massively oversold. Also look at how gold has bounced off 150 day MA over the same period...Obviously it's not what you need to do if you are trying to trade a 20min chart. Trading is about trying to take the variables out of a market so that you can enter a trade with a better probability of success. Those indicators are saying to me that if we haven't bottomed already in gold on a daily basis - then the likelihood is that the bottom is not far away and that the move up will be consequently greater and faster - a bit like stretched elastic......

beeb
  • #402
  • Feb 8, 2011 9:52am Feb 8, 2011 9:52am
Quoting grashid
am eyeing that too...maybe lower than that as my long term target (Phase 2) was at 1264-1249-1206-1165

but...base on weekly, i would like to see an upthrust first before take my short...maybe ~ 1365-1384 area.

I could be wrong as usual and i am off for a while before take it back if i saw a good set-up coming....
so far so good for this pull back n g8 for those who took it since last week friday....am still waiting n eyeing 1369 & 1384 area as well as how today close...if she able to go in this 1-2 day towards 1384...perhaps i could start my setting as soon as i can when i see a good set-up...will update if i saw something later...

enjoy ur trade and have a nice day

g
  • #403
  • Feb 9, 2011 8:31am Feb 9, 2011 8:31am
1370 is an important pivot point, i think...
it's the high of the bullish hourly channel and 50%FIBO and a nice level chart ...
  • #404
  • Feb 9, 2011 10:28am Feb 9, 2011 10:28am
I have a long position with a
TP of 1372
SL 1353

Edit: Entry was 1360 btw
  • #405
  • Feb 9, 2011 11:45am Feb 9, 2011 11:45am
Now we have a pullback on 1358, on the low of the bullish oblique....

the target is still 1370
  • #406
  • Feb 10, 2011 3:40am Feb 10, 2011 3:40am
Attached Image (click to enlarge)
Click to Enlarge Name: gold9-2.PNG Size: 58 KB

gold getting ready for a gud flight
  • #407
  • Edited 6:39am Feb 10, 2011 5:46am | Edited 6:39am
for above setup stop loss around 1346.40 wuld be okay
  • #408
  • Feb 10, 2011 2:30pm Feb 10, 2011 2:30pm
Quoting rastogiroh
Attachment
gold getting ready for a gud flight
I will buy gold after the pullback, I expect profit taking will lower gold value below $1350 again.
  • #409
  • Feb 10, 2011 8:14pm Feb 10, 2011 8:14pm
Quoting Forextein
I will buy gold after the pullback, I expect profit taking will lower gold value below $1350 again.
well retracement below 1352.60 again will weaken gold and it would not be safe to buy

there is a triangle in c-4 which should take gold again to somewhere near to 1355-54 there one can buy with stop loss of yesterdays low which is 1352.60
  • #410
  • Feb 11, 2011 8:24am Feb 11, 2011 8:24am
this week close below 1362 may seen another test to 1347-1332 by next week.

And i saw this 1332 is crucial where any daily close below this number next week may seen welcoming of 12XX area.....then 1284/5 where she may go and visit (my first Phase 2 target )

good luck and happy weekend all

cheers

g
Attached Image (click to enlarge)
Click to Enlarge Name: Gold-Daily.JPG Size: 94 KB
  • #411
  • Feb 11, 2011 9:00am Feb 11, 2011 9:00am
Quoting rastogiroh
well retracement below 1352.60 again will weaken gold and it would not be safe to buy

there is a triangle in c-4 which should take gold again to somewhere near to 1355-54 there one can buy with stop loss of yesterdays low which is 1352.60
well with breach of 1366.83 on high today triangle theory came to sad end

now c-4 shuld see a flat pattern of which we are in b wave c wave shuld take gold to recent lows around 1351.60
  • #412
  • Feb 12, 2011 2:20am Feb 12, 2011 2:20am
yesterday wild move with new high @ 1368.20 and then fall to 1353.35 have altered my counts in c wave regarding a terminal
either c wave is over or c-4 is yet to start
confirmations will come from 0-b line which is @ 1355 breach of it and sustaining will mean beach of 1325 and gold should target 1320-1315 before rising again
or else
c-4 will kick in that will decide whether c wave is forming as impulsive or a terminal

Attached Image (click to enlarge)
Click to Enlarge Name: gold12-2-2011.PNG Size: 55 KB
  • #413
  • Feb 13, 2011 2:26am Feb 13, 2011 2:26am
my last week analyis result, and this week entry
**now price stuck between two levels I attached picture on how to trade it., if retest come from up you enter long and if from down you enter short as below example showing short entry.
http://www.forexfactory.com/attachme...1&d=1297515629

good luck
Attached Image(s) (click to enlarge)
Click to Enlarge Name: lw.gif Size: 36 KB
Click to Enlarge Name: gold14feb.gif Size: 24 KB
Attached File(s)
File Type: tpl gold 14feb.tpl   459 KB | 337 downloads
  • #414
  • Feb 13, 2011 2:36am Feb 13, 2011 2:36am
gold 4H chart
Attached Image (click to enlarge)
Click to Enlarge Name: gold4h chart.gif Size: 23 KB
  • #415
  • Feb 15, 2011 4:36am Feb 15, 2011 4:36am
Attached Image (click to enlarge)
Click to Enlarge Name: golddobt.PNG Size: 49 KB
  • #416
  • Feb 16, 2011 2:56pm Feb 16, 2011 2:56pm
good setup rastogiroh
  • #417
  • Feb 18, 2011 1:40am Feb 18, 2011 1:40am
this gold movement is really testing my limited skills as chartist

want inputs from senior wave guys here

here is what i make out of this laggard and erratic movement of gold since last couple of days
Attached Image (click to enlarge)
Click to Enlarge Name: untitled18-2-2011.PNG Size: 44 KB
  • #418
  • Feb 18, 2011 1:44am Feb 18, 2011 1:44am
Quoting maanawi
good setup rastogiroh
bro as u see the current setup is tested to its limits by these hedge fund guys
i was hoping for a retracement to 1358-1362 before breach of 1378 but it shot through 1378 ( i exited early )
anyways to early to say we are in final thrust or not
hope to see vital inputs from senior guys in the forum

happy trading
  • #419
  • Feb 18, 2011 6:35am Feb 18, 2011 6:35am
Quoting grashid
mm..My dummy hit SL+10 and now i am resting from gold and will start in forex by next week....

last week nice pin as well as this week close make me saw some short term bull run in gold at the moment...

i am eyeing 1362-1372-1384-1388-1395 before decide any of my new setting....
Happy weekend and enjoy your weekend...cheers

g
.....n now am
  • #420
  • Edited 10:04am Feb 18, 2011 9:47am | Edited 10:04am
Gold levels update for 18 to 25 / FEB
we may see double top as also in your levels G
just focus on black price lvls retest.
Attached Image (click to enlarge)
Click to Enlarge Name: gold.gif Size: 25 KB
Attached File(s)
File Type: tpl gold 18 to 25 feb.tpl   459 KB | 331 downloads
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