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XAU/USD Spot Gold

  • #821
  • Aug 31, 2011 8:56am Aug 31, 2011 8:56am
Quoting Icosahedron
I have no idea of what those waves are, and I'm sorry for asking without putting efforts to learn something first.

But, for that triangle to form (which, you say, will cause a bearish thrust), the price needs to hit ~1800 and then touch ~1850?
The red-dashed line is the possible price future movement projection.
  • #822
  • Aug 31, 2011 8:56am Aug 31, 2011 8:56am
i notice nowadays news negative for usd are negative for gold too
  • #823
  • Aug 31, 2011 10:18am Aug 31, 2011 10:18am
Quoting ph3onix
The person who claims was beeb. He already got some bullets about his ego beeb is always saying about his experience and so on... But he is often right, with his channeling technics.
Yeah but where is the FORK that shows his 30 years of experience? Or we have to take "HIS" word for it?
  • #824
  • Aug 31, 2011 11:41am Aug 31, 2011 11:41am
Quoting Fmfx
Yeah but where is the FORK that shows his 30 years of experience? Or we have to take "HIS" word for it?
Lol )) you better shut up, because he can back to this thread and next 30 years we will hear about his 30 years expirience Let bulls be in only-bulls-gold-thread-even-gold-is-not-in-bull-market
  • #825
  • Aug 31, 2011 11:44am Aug 31, 2011 11:44am
Can we get an update on the waves chart?

Really getting terribly confused by gold right now... Can't determine the trend at all.
  • #826
  • Aug 31, 2011 12:16pm Aug 31, 2011 12:16pm
Quoting Icosahedron
Can we get an update on the waves chart?

Really getting terribly confused by gold right now... Can't determine the trend at all.
Gold is bearish short and mid-term. This Friday NFP should provide direction. Most likely towards 1740 area. Gold should reach 1650 by mid-end September.
  • #827
  • Aug 31, 2011 1:27pm Aug 31, 2011 1:27pm
Quoting Icosahedron
Can we get an update on the waves chart?

Really getting terribly confused by gold right now... Can't determine the trend at all.
Nothing changed. We are still in same situation. While gold moving near 61.8% retracement chances gold is making triangle growing up.

If you are short keep your stop above 78.6 retracement. If you are long - keep your stop at the lowest point occurred after red wave-a on posted charts.
  • #828
  • Aug 31, 2011 5:22pm Aug 31, 2011 5:22pm
August Ending with a 13% gain in GOLD.. it's a huge gain, it's obviously more bullish than ever.. short, medium, long term.
The Black Swan: The Impact of the Highly Improbable
  • #829
  • Aug 31, 2011 7:08pm Aug 31, 2011 7:08pm
Quoting ph3onix
You wrong, I'm not following beebs trading ideas and your ideas bout his bulls possibly give us ability to expect you to be gay. You can hate him as much as you want but do it in your private scene. We are not interested in your gay-dreams anymore.

My post was about silence. So please stay silent with your gay-ideas, no one here is able to say something about other. We are all about gold here, so please be more loyal and adequate.
wow i like you already. anyways i'll be reading the chapter on elliot wave in the book "technical analysis of the financial markets" by john murphy. can you recommend me any books or readings regarding neowave? i've been trading for 6-7month now and i want to know as much as i can about trading. thanks in advance
  • #830
  • Sep 1, 2011 12:40am Sep 1, 2011 12:40am
http://www.growthstockwire.com/2808/...Ahead-for-Gold
  • #831
  • Sep 1, 2011 1:51am Sep 1, 2011 1:51am
Quoting The Oracle
http://www.growthstockwire.com/2808/...Ahead-for-Gold
Great article, thanks.

I still think 1600-1650 will be the low ahead of us.
  • #832
  • Sep 1, 2011 2:03am Sep 1, 2011 2:03am
Quoting patguchi
wow i like you already. anyways i'll be reading the chapter on elliot wave in the book "technical analysis of the financial markets" by john murphy. can you recommend me any books or readings regarding neowave? i've been trading for 6-7month now and i want to know as much as i can about trading. thanks in advance
You can read Mastering Elliott Wave book by Glenn Neely, president NEoWave Inc. http://www.neowave.com/ you can find a lot of information here. Beware - NEoWave is advanced technique and before start using it, you better understand common principles of EWA from other books (Prechter for example).
  • #833
  • Edited 2:24am Sep 1, 2011 2:14am | Edited 2:24am
Okay, so idea about Triangle makes now more sense than idea about Flat.

Here is updated chart with same triangle. As we can see triangle is developing well, and soon (later today, or tomorrow) we can expect triangle to complete. If so - bearish thrust is on the way! Possible target for red wave-c (not drawn on chart) is around 1635.

So far, we can prepare our short from 1842, with stop 1856, and target 1635.
Attached Image (click to enlarge)
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  • #834
  • Sep 1, 2011 2:34am Sep 1, 2011 2:34am
Quoting Fmfx
Great article, thanks.

I still think 1600-1650 will be the low ahead of us.
hi fmfx, how r ya???

any chart to show 1650 will be touched? mine shows 1770 first.
trading is my zen
  • #835
  • Sep 1, 2011 3:13am Sep 1, 2011 3:13am
Quoting ph3onix
Okay, so idea about Triangle makes now more sense than idea about Flat.

Here is updated chart with same triangle. As we can see triangle is developing well, and soon (later today, or tomorrow) we can expect triangle to complete. If so - bearish thrust is on the way! Possible target for red wave-c (not drawn on chart) is around 1635.

So far, we can prepare our short from 1842, with stop 1856, and target 1635.
is there an estimate of time taken to reach 1635? 2 weeks or by the end of sept?
  • #836
  • Edited 9:53am Sep 1, 2011 3:24am | Edited 9:53am
Quoting The Oracle
is there an estimate of time taken to reach 1635? 2 weeks or by the end of sept?
Usually in Flats wave-a = wave-c by size and time, so if triangle is wave-b of the Flat wave-c should take same time as wave-a (about 3 days), but in case we're expecting gold to make a new historical highs, wave-c of this flat can be a terminal impulse, which can take x 3 times of wave-a (9 days).

The reaction after triangle ends will show us will be drop fast, or slow...
  • #837
  • Sep 1, 2011 10:22am Sep 1, 2011 10:22am
Gold looks very bearish right now. I personally think 1910 was wgat was 49 to silver. Built euphoria of next big number (2000 for gold, 50 for silver) and then the big drop. After that silver has played in a tight range with a small interest in trading it. I think thus will be the case after gold price drops to 1650 and the from there top will be 1750 until 2012.

People who like charts can see in the other thread, THE CHARTISTS are not posting anymore simply because their charts usually predict the price AFTER the fact!!! That s why they do not show u now...
  • #838
  • Sep 1, 2011 1:33pm Sep 1, 2011 1:33pm
We are at 1830...

And it's almost Friday...

Excellent.
The Black Swan: The Impact of the Highly Improbable
  • #839
  • Sep 1, 2011 5:26pm Sep 1, 2011 5:26pm
Quoting MapleLeaf
We are at 1830...

And it's almost Friday...

Excellent.
Why exactly is that excellent?
  • #840
  • Sep 1, 2011 8:09pm Sep 1, 2011 8:09pm
Quoting Fmfx
Gold looks very bearish right now. I personally think 1910 was wgat was 49 to silver. Built euphoria of next big number (2000 for gold, 50 for silver) and then the big drop. After that silver has played in a tight range with a small interest in trading it. I think thus will be the case after gold price drops to 1650 and the from there top will be 1750 until 2012.

People who like charts can see in the other thread, THE CHARTISTS are not posting anymore simply because their charts usually predict the price AFTER the fact!!! That s why they do not...
dude you clearly have some issues. why do you have the need to dog chartists or the other thread? if you read the previous posts you will see that it was already been posted. in my charts 1643 is my target drop before it jumps back again. i would post it but the way you treat people in threads tells me i shouldn't because of fear of being ridiculed.

you seem to be making wild sage assertions without posting any computations or analysis. am i to just take your word for it like gold? excuse the pun
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