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Gold and Silver Daily

  • #1
  • First Post: Edited Dec 20, 2011 11:37am Aug 12, 2011 6:14am | Edited Dec 20, 2011 11:37am
Daily Updated Gold and Silver Forum .SIGNALS, TECHNICALS, FUNDAMENTALS AND BREAKING NEWS

Please Participate !
MMMYYYKKK
  • #2
  • Aug 12, 2011 6:29am Aug 12, 2011 6:29am
The Very Short Term Trend For Gold Right Now Is Bearish After Making a red candle yesterday .
I expect the prices to move down as long as in this blue channel

If margins are raised further we can see an accelerated down move at least to 1670.
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MMMYYYKKK
  • #3
  • Aug 12, 2011 7:34am Aug 12, 2011 7:34am
US July retail sales +0.5% 0.4%
Core Retail Sales m/m 0.5% 0.2%

Above forecast.
MMMYYYKKK
  • #4
  • Aug 12, 2011 7:47am Aug 12, 2011 7:47am
Still in channel going down

1st Major Support at 1720 ,2nd 1712, 3rd 1690
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MMMYYYKKK
  • #5
  • Aug 12, 2011 8:28am Aug 12, 2011 8:28am
Next Target 1726
MMMYYYKKK
  • #6
  • Aug 12, 2011 8:40am Aug 12, 2011 8:40am
Going smoothly down the channel
Has broken the blue peanut expected price should rebound near 1733 before further us data.


Note orange lines are minor resistance and support levels i keep them slightly above the originals for my trading
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MMMYYYKKK
  • #7
  • Aug 12, 2011 9:02am Aug 12, 2011 9:02am
USD Michigan Consumer Sentiment Index Actual 54.9 Forecast 63.0

DATA BELOW EXPECTATION

Trend is still Bearish closed shorts from 1657 at 1635

Will Open shorts Again near the channel top around 1750 ~
Its facing resistance near the blue peanut line.

Watch Dow index Closely .
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MMMYYYKKK
  • #8
  • Aug 12, 2011 9:18am Aug 12, 2011 9:18am
1732 -33
Support broken next big support round 1722
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MMMYYYKKK
  • #9
  • Aug 12, 2011 9:27am Aug 12, 2011 9:27am
Quoting myk
1732 -33
Support broken next big support round 1722
gogogo!!!!

drop!!!
  • #10
  • Aug 12, 2011 9:31am Aug 12, 2011 9:31am
Quoting patguchi
gogogo!!!!

drop!!!
It will surely touch that area either now or after some rest lol from my experiences reversals only come from support or resistances

and thanks for participating
MMMYYYKKK
  • #11
  • Aug 12, 2011 9:46am Aug 12, 2011 9:46am
A possible signal is Buy at 1724 stop loss 1719
Take profit = wait
MMMYYYKKK
  • #12
  • Aug 12, 2011 9:48am Aug 12, 2011 9:48am
Its working for now
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MMMYYYKKK
  • #13
  • Aug 12, 2011 10:02am Aug 12, 2011 10:02am
Quoting myk
A possible signal is Buy at 1724 stop loss 1719
Take profit = wait
Sold 1733 closed it early have to go smwhere . best of luck guyz
MMMYYYKKK
  • #14
  • Aug 12, 2011 10:14am Aug 12, 2011 10:14am
Another Software another prospective The RSI is currently near over sold it doesn't stay here for much I will wait to go short again .

Plus the current chart position
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MMMYYYKKK
  • #15
  • Aug 12, 2011 10:17am Aug 12, 2011 10:17am
Quoting myk
Another Software another prospective The RSI is currently near over sold it doesn't stay here for much I will wait to go short again .

Plus the current chart position
omg myk!! i thought you were leaving? can't stay away from the adrenalin rush of the PA i bet.

but thanks for your post. learning a lot
  • #16
  • Aug 12, 2011 10:21am Aug 12, 2011 10:21am
Quoting patguchi
omg myk!! i thought you were leaving? can't stay away from the adrenalin rush of the PA i bet.

but thanks for your post. learning a lot
Np Pat thanks i will learn from u aswell .Yup i waz leaving but have a few mins so i posted sm more will be back hopefully in n hour
MMMYYYKKK
  • #17
  • Aug 12, 2011 12:04pm Aug 12, 2011 12:04pm
GREAT!
you have to be out to be in
  • #18
  • Aug 12, 2011 1:03pm Aug 12, 2011 1:03pm
Quoting s.ZhouYun.h
GREAT!
MMMYYYKKK
  • #19
  • Aug 12, 2011 1:07pm Aug 12, 2011 1:07pm
Thanks for reply guyz .As it is Friday I dont expect any big moves hopefully will find a good level to Short again on monday if there are any news or sentiments over the weekend i will post them here

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MMMYYYKKK
  • #20
  • Aug 12, 2011 1:36pm Aug 12, 2011 1:36pm
Gold Prices Seen Falling Next Week

Tho their predictions are not correct mostly.
MMMYYYKKK
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