Daily GOLD

I believe xtrade banned me because i post this
comment

Be patient.. ok... !!!!! you can share with me

gold just hit 171x so it will be small correction because G20 metting impact.
and then tonight can be up again. target 1720 target

INDICATOR VALUE
STOCH (14) ↑ 77.97
RSI (14) ↑ 71.31
MACD (9) ↑ 28.33
PAR SAR (9) ↑ 1629.32
EMA (14) ↑ 1622.59
EMA (20) ↑ 1610.18

RANGE
Support Resistance

2 1600.00 1720.00

nice thread

i will subscribe this thread , im newbie here

if gold closed 1700 i think tomorrow will be hit target 1720 and then,
11 agust will be correction again

if gold closed under 1690 possibilty correction again but small


FIBONACCI VALUE
0.0% 1307.45
38.2% 1409.77
50.0% 1441.38
61.8% 1472.98
100.0% 1575.30
161.8% 1740.83 ( see target fibonacci) will be next. possibilty 60% hit



news review today :
Dow Jones Indexes, UBS Investment Bank Launch New Index to Mitigate Contango Effect - Kitco News, Aug 8 2011 11:02AM
QE3? Expect, at most, QE 2.1 at Fed meeting - MarketWatch, Aug 8 2011 7:07AM
UPDATE 1-St. Eugene says Saskatchewan gold project shows positive results - Reuters, Aug 8 2011 10:56AM

* Target's expectations in 1700 than projected in the session yesterday Fibonacci Fan
has been achieved. Gold prices rally again showed incredible strength,
estimated maximum gain circuit throughout its history,
allows the price of gold will continue the pattern of his record-breaking.
Indications of such a rally, to be addressed with extreme caution.
* The phenomenon above the dashed indication of overbought, especially
since prices are still hovering in the area of ​​1600 several periods
previously. However, this condition is not met, even barely
there is a chance will arise correction. The next target in 1740-an estimated (scale
161.8% Fibonacci retracement of like the illustration above)
---------------------------------------------------------------------------------------------
target 1800 next week 50 % from today
INDICATOR VALUE
STOCH (14) ↑ 82.60
RSI (14) ↑ 78.54
MACD (9) ↑ 32.53
PAR SAR (9) ↑ 1639.50
EMA (14) ↑ 1631.56
EMA (20) ↑ 1618.18

today
RANGE
Support Resistance

1 1660.00 1740.80
2 1640.00 1760.00
Short Medium Long --------------S2 S1 Pivot Point R1 R2
Bullish Bullish Bullish 1646.30 1679.90 1699.60 1733.20 1752.80

FIBONACCI VALUE
0.0% 1307.45
38.2% 1409.77
50.0% 1441.38
61.8% 1472.98
100.0% 1575.30
161.8% 1740.83 target 85 % hit

-------------------------------------------------------------------------------------------
today will be strong bullish
if gold stay around 1722-1727 it will be up to 1730 and target R1
if gold stay around 1710-1705 sinyal down to 1700 target S1
-0----------------------------------------------------------------------------------------
news last day
Gold at record, silver surges as other prices fall - money.msn.com, Aug 8 2011 4:20PM
Gold Resource Corporation Announces Second Quarter Conference Call - Yahoo! Finance, Aug 8 2011 6:39PM
http://www.kitco.com/images/commmentary/top-bullet.gif In The Lead - AAA...Tchoooo! - by Jon Nadler , Aug 8 2011 9:17AM

target next1752.80

Break already
I forget to put order in the morning

next target 177x

and 1800 is 90% hit only 2 days
-----------------------------------------
however tonight will be small correction again back to area 175x
if close gold until tommorow 1760-1770 . hit 1800 is 100% only with hours.

next target this week is 1830

1770 will break in a moment only.

I'm still waiting for a clear sign for entry . too volatile now.

retracement is sweet
entry is coming up very soon . probably 172x?

yes because gold need small corection but this is still up again tomorrow. lets see.
i assume will be shock back to 1700 if tonight good data 2:15pm USD FOMC Statement

2:15pm USD
Federal Funds Rate


<0.25% <0.25%


but save haven still continue

based on that history data. it remain 2.5%

lets see history last month about overbought
it can be experience

yes it can be good for actualy 75 %
---------------------------------------------------
why the investor is wait and see ?????? and gold is drop quick after hit 1780 ???
because investor is waiting FOMC policy.. that is may risk for futures or not !!
that is my opinion why gold drop tonight.
it can be drop $100 FROM 1780

I see,
if only i know early. I wouldn't have missed this damage

yes. this situation can be bragain hunting

i don't know if i'm wrong. I saw an opportunity to enter a long now
1H Timeframe

Now is the opportunity take advantage of falling prices for taking the lowest price buy, then sell it over the nearest prices

later will be more volatile during the news