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Only Gold!

  • #15,721
  • Sep 7, 2014 11:14pm Sep 7, 2014 11:14pm
My point of view for the long term for Gold ........... Monthly Chart

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  • #15,722
  • Sep 8, 2014 12:05am Sep 8, 2014 12:05am
Quoting Matts Micro
A few of my TL's. Imo this region appears to me to be very well supported. I am also looking at oversold with divergence, close to the same sized daily bars the last two days (a reversal signal) and a 4hr falling wedge. With disappointing results out from the NFP/employment it could be the USD pullback that could kick gold back onto the topside. On the downside PA has a BO from the lower orange TL that may create enough momentum to crack the rest of the support and if the weekly dark blue TL gets a clear break then I doubt if we would see these...
I am looking for a break on the hrly (L.Blue) TL and then for a pullback to be supported before a further move up to confirm the H&S pattern for a BO topside from the 4hr (brown) falling wedge upper TL. Though the daily (L.Brown) TL maybe strong resistance and will be watching closely.
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As the lights go by so too do the shadows move
  • #15,723
  • Sep 8, 2014 12:43am Sep 8, 2014 12:43am
On the daily chart, the price is in the range of Gartley-inv ab=cd harmonic pattern. Its time will be fulfilled till September 9th and we are expecting a growth around if the price stabilizes around $1250.


http://forex-fa14.blogspot.com/


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  • #15,724
  • Sep 8, 2014 1:58am Sep 8, 2014 1:58am
It is looks like it will be as following:

Short term --------> up
Midterm -----------> down + side way
Long term ----------> up (rally)



currencies pips for today until now...

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  • #15,725
  • Sep 8, 2014 2:05am Sep 8, 2014 2:05am
Quoting mfa2h
My point of view for the long term for Gold ........... Monthly Chart {image}

I do have this point of view, as we all know USD index was already very bullish before even DRAGI announces to cut the interest rate and as soon as this news hit the market USD index increases mainly beacuse EUROPEAN thinks that their currency is losing strenght , so i believe sooner or later EURO will increase because sentiments do take time to change and confidence will be back soon,

But for short term i believe gold will touch 1260 or 1258 again mainly because apple gonna launch its new phone on 9th and you can expect USD index to increase a bit more because apple is the leader of SNP after the week we can expect apple to loose it power and start trading at 97 spot, (though currently its at 99 and on 9th i expect to touch 103) . Very important month .
  • #15,726
  • Sep 8, 2014 4:16am Sep 8, 2014 4:16am
Gold's PA looks to be ready to head up if this region holds.

Silver likewise if we can get above this downtrend line. Silver just has to overcome 19.32 as it breaks through this downtrend line I mentioned, two decent resistances that could give it trouble in the short term.
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  • #15,727
  • Edited 5:23am Sep 8, 2014 5:07am | Edited 5:23am
I am short ATM and SL at Breakeven now, will hold till next level below and see if it's rejected!

Best of luck
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  • #15,728
  • Sep 8, 2014 6:25am Sep 8, 2014 6:25am
Quoting josh11
I am short ATM and SL at Breakeven now, will hold till next level below and see if it's rejected! Best of luck {image}
I am short too. I shall stay short until at least 1258 and start building some longs from there. Take profit shall be back up at the 1272 area. It is widely expected we shall move down to 1240 region, but I am not sure that we will go straight down to it. Wait and see.
  • #15,729
  • Sep 8, 2014 6:51am Sep 8, 2014 6:51am
Quoting Thfc1964
{quote} I am short too. I shall stay short until at least 1258 and start building some longs from there. Take profit shall be back up at the 1272 area. It is widely expected we shall move down to 1240 region, but I am not sure that we will go straight down to it. Wait and see.
Hi mate, my target is 63.70 and then I will wait for PA to show me if long or not! I never guess just allow price to show me!!

Best of luck
  • #15,730
  • Sep 8, 2014 8:22am Sep 8, 2014 8:22am
I also support a turn for an uptrend in Silver and Gold on the weekly scale. Notice these charts with the green "arrows" that has called the last several turns. Silver just got an uptrend signal on a weekly scale.

Gold, however, hasn't received an uptrend mark yet on the weekly scale. Next projection, unfortunately, is slated for Dec 5th for the weekly scale and Sep 19th for the daily scale.
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O you possessed of sturdy intellect, observe the teaching that is hidden
  • #15,731
  • Edited 8:42am Sep 8, 2014 8:23am | Edited 8:42am
Quoting josh11
{quote} Hi mate, my target is 63.70 and then I will wait for PA to show me if long or not! I never guess just allow price to show me!! Best of luck
TP hit +60

Now waiting for PA to show me long from this Zone
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  • #15,732
  • Sep 8, 2014 9:13am Sep 8, 2014 9:13am
gold playing out as expected, 1240.00 is possible........
  • #15,733
  • Sep 8, 2014 9:26am Sep 8, 2014 9:26am
1265 or 1250... which comes first?

1250 seems more likely ATM... but i'm going with 1265 cuz i like pain.
  • #15,734
  • Sep 8, 2014 9:31am Sep 8, 2014 9:31am
Market hit my stop and make new low, price stop falling? seem like market only want to take stop loss.
  • #15,735
  • Sep 8, 2014 9:33am Sep 8, 2014 9:33am
same here bro......
  • #15,736
  • Sep 8, 2014 9:33am Sep 8, 2014 9:33am
Quoting nicefirework
Market hit my stop and make new low, price stop falling? seem like market only want to take stop loss.

Yes,, may not be done yet too. But can go back to 1265-1270 now that they got some stops.
  • #15,737
  • Sep 8, 2014 9:39am Sep 8, 2014 9:39am
Quoting Ck87
{quote} Yes,, may not be done yet too. But can go back to 1265-1270 now that they got some stops.
Imo this should not move back to 1270 again before it hits 1240, it'd most likely be a trend reversal if it does that.
"Where you want to be is always in control, never wishing, always trading.
  • #15,738
  • Sep 8, 2014 9:41am Sep 8, 2014 9:41am
Quoting nicefirework
Market hit my stop and make new low, price stop falling? seem like market only want to take stop loss.
Your SL is probably too tight, this is typical down trend price action, lower highs and lower lows, no fake outs so far.
"Where you want to be is always in control, never wishing, always trading.
  • #15,739
  • Sep 8, 2014 9:45am Sep 8, 2014 9:45am
Here i am missing EatPips analysis.
  • #15,740
  • Sep 8, 2014 9:54am Sep 8, 2014 9:54am
Divergence is interesting. The markets are moving though after NFP etc last week, it's difficult to know what is really happening using TA atm imo.
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