Price is moving higher into resistance, while volume is less and less - so far.
If volume doesn't pick up, in next day or two, I would be cautious.
If volume doesn't pick up, in next day or two, I would be cautious.
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Dislikedif 1526.80 was actually the bottom and this downtrend is ready to turn back up, then here are my projections. A close below 1527 will invalidate these #'s.
1527 ==> 1598 - done
1598 ==> 1553 - ongoing
1553 ==> 1670
1670 ==> 1625
1625 ==> 1726
1726 ==> 1678
1678 ==> 1791 - 1856
I am expecting a drop right now to around 1560, a short rebound to show that the uptrend will resume and then down to 1553 to take out all of the early entries. If this happens, I will be long here and hopefully have enough patience to ride it up to 1800.
My...Ignored
DislikedTue daily pivot 28.00 and 1571 holding, what ya have ny session. Bias is up from daily trend guide.Ignored
DislikedHave you noticed this?
Last time MVA or SMA(200) in daily was facing south was 3 years ago.
Just a curiosity.Ignored
DislikedI see no trends more like fear driven buys and sells. Greeks are playing with nerves every day and every hour. For example yesterday they said (former PM) they are exiting EURO, this morning the leader of Leftist Party (which probably wins next elections) says it is not a possibility and they will do whatewer it takes to stay.
???
The best would if they shut up once and for all!Ignored
DislikedWell, let me see, your chart looks like a pine forest. I'd say: Use some other colors.
Just kidding.
If you are asking for reasons behind our calls, mine is posted some pages ago.
I think gold can make a weekly and maybe a monthly close below 1522, perhaps near 1455-1475.
That's just me. I think the bearish engulfing in monthly is still in charge of gold, so I'm expecting new lows.
I can be wrong, but as I use stop loss I don't care that much if price goes the other way, I follow the flow.Ignored
Dislikedsilver short?
http://www.kikkichimoku.com/blog/201...ort-su-h4.html
http://gyazo.com/858dc2ba158d33beda5361d8cb219b55.pngIgnored