All Majors and Gold

buy on the dips

khadija alizeh khan

Work and Education

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   Société Générale Corporate and Investment Banking
   Inspecteur · Paris, France · Nov 2012 to present
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   Société Générale Corporate and Investment Banking
   Loan Syndication · London, United Kingdom · Sep 12, 2011 to Sep 10, 2012
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   International Fund Investment
   Research Analyst /Asset Management · London, United Kingdom· Feb 2011 to Sep 2011
   Particular focus on Hedge Funds (Alternative Assets) and ETFs
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   University of London International Programmes
   Lecturer · Sep 2009 to Sep 2010
   Presented lectures to undergraduate students in Banking & Finance and Auditing & Assurance

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LSE
Class of 2011 · London, United Kingdom[*]https://fbcdn-profile-a.akamaihd.net...65762244_s.png
London School of Economics and Political Science
Class of 2011 · MSc Finance · Cairo, Egypt[*]https://fbexternal-a.akamaihd.net/sa...back=hub_likes
Chartered Financial Analyst
CFA Level 1 and Level 2[/list]

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   Froebel's International School
   Class of 2005 · Islamabad, Khyber Pakhtunkhwa, Pakistan

1. Intraday Outlooks For EUR/USD, GBP/USD, AUD/USD, Gold, & SP500 - SEB
   http://www.forexfactory.com/attachment.php?attachmentid=1256351&stc=1&d=1376893447
   

   From efxnews.com

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   The following are the intraday outlooks for EUR/USD, GBP/USD, AUD/USD, Gold, and S&P500 as provided by the technical strategy team at SEB Group. EUR/USD: Looks balanced near important levels. Last IMM reporting week (as per last Tue’s close) Speculative accounts added to net EUR longs and reduced shorts – both directly and indirectly as an aggregate measure. This is reflected in the move higher in spot. The market seems to open this week on a balanced note, still very close to a medium-term 1.3418 key ref. To depict renewed selling pressure, near-term support at 1.3205/1.3188 must be taken ... (full story)

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1. 1. Aug 19, 2013 4:35pm
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   1. okosodo
      
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      269 posts
      
   2. Eur/Usd going to 1.3715 and GBP/USD going to 1.6500 by the end of next week. May go further

2. 1. Aug 19, 2013 6:25pm
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   1. takytto
      
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      406 posts
      
   2. the important and be patient ... we have to wait for the prey when it comes out of the woodwork after bumm ... bumm
      
      target eur usd --- 1.42600.........
      
      sp500-1617---- 1613 next--- 1757
      
      gold ---1426 next --- 1282
      
      silver--- 26.00 next--- 14.00

3. 1. Aug 19, 2013 7:04pm
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   1. spekitox
      
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      2,056 posts
      
   2. The AUD chart has so few candlesticks it's hard to see the broader picture. If there's any, of course. Nice wegde on the GBP indeed.

when gold reach 1282 war of Syria begins? next 1800

Bro.. you are reading stuff / news... and stating your reasons..
News talks about things that has happened. Plus do you have a track history for eFXnews...
you will find Millions of website just the same and gain nothing out of it...
If these people were traders... they would be trading not updating website.

Your charts are the true picture of what has happened, what is happening, and represent the probability of what might happen.
WAR in Syria ???? what does that have to do with gold... i understand prices of OIL increasing due to SYRIA disturbance...
but WHEN and IF a war happens... SAUDI as always will step in and match the world oil shortage... thus bringing price back to equilibrium.

GOLD used to be positively correlated with the commodity currency AUDUSD but not any more.
Gold used to be inversely correlated to the USD index but not any more.

Now GOLD is a safe haven for investment from economies uncertainties.
The uncertainty of Gold Supply has widely increased as Reserved and Borrowed GOLD has been sold by the US and UK Central banks.
Germany is demanding its GOLD reserves back from UK... but UK does not have it.
The recent report from the Bank of England at the end of JULY 2013, confirms their shortage of GOLD reserves, further more their figures show a reduction of 100,400T ( One Hundred Thousand, Four Hundred Tonnes ), from February 2013. Yes in a period of SIX months.
Same time the gold prices started rising. what a coincidence... right..!! lol.

Now the Government of UK is looking for Gold buy backs to to give it to Germany.. we have a massive Supply and Demand imbalance...

PLUS the Chinese and the Indian Religious Festivals are fast approaching, where they Purchase GOLD.

So what happens when Demand increases and Supply Decreases... Economics 101... ?

.

SPOT GOLD: Headed towards 1,395\1,424. The 5-wave sequence still has bearing north. Two May-Jun refs at 1,395 and more importantly at 1,424 are beacons the market is steering towards next. The recently violated 55day exponentially weighted moving average band (1,346/1,321) should be a dynamic support the market is thought to respect.

gold update
target hit from this post
$1430

current

eur/nzd intraday analysis sell@ 1.7220, sl @ 1.7350, tp@ 1.6800, estimated time one week

Attached Image (click to enlarge)

Technical analysis Gold D1:
In D1,we can see clearly perfect AB=CD pattern and a nice pinbar forming yesterday to alert us the change of the trend!By counting EW,I think the wave corrective 4 maybe have finished at 1433,5 and we are in down-wave 5 now!Additionally.PA is at demand zone level 1 now!We can take a short with putting SL above the pinbar several pips with target at the previous low 1196 at least!
Good luck trading to all

there is head and shoulder pattern and hope so after finishing of descending triangle psycological support of 1400 break and then do a downside...

It seems to work out well now!

as he had mentioned. In 1426 the price was 1433.80 plus $ 7 above.
observation: but I do not believe the price of gold can go test in 1440 because many investors are on the hopes of making a better sale price from that of 1440.
Weekly candle pin

Hi G
i m bit confuse with this head and shoulders bottom formation. I can't get idea whether it is right or wrong because volumes as well as time span and patterns to form left & right shoulders are not matching.. Please make some light on this...
And further thing is whether price headed to 1350 or 1280.... Put some brief comment...
Weekly basis there is signal of bearish trend. What is that???
thanks
jay

Weekly forex analysis

1-that inverse hs and your current right shoulder is just forming. Why I myself did not like this scenario when I looked it weeks ago is that the left shoulder dropped so fast and reversed as fast, that for it to replicate on this right shoulder would mean some major event. where left shoulder drop was mainly caused by SL and this time around would be gone. but this Syria shit might cause that major dropb who knows...
2-your blue channel is ab=cd scenario...therefore is very valid support point for D(136x)....what will happen after that is still not been given and only time will tell if it bounces or penetrates lower to your next target of C 1273
3- bearish pattern on weekly well with I would not look at the candlestick as yet...yes its forming and looking to be bearish...but I myself switch to linechart to see if there is a support or resistance that was breached...and yes there was at 1403 area....next is support at current level....anything lower should give you 134x area which few weeks was a big resistance before broken n price going to current level

hopefully that gives you some clarification and again this is only my opinion and only time will tell if you or anything I say will come true. But the key is to take a good risk to reward trade....good luck Jay and thanks for posting....

gold view for the weekly

aqua channel for candlestick view
red channels for linechart view

Nice charts g, I am seeing the same. On the daily chart, the peak was a shooting star (typically very bearish).

You get short?

More people.are seeing what we are seeing:

http://www.fxtimes.com/contributors/...al-below-1400/