Gold is oversold on so many TF's that I think it's time for a short bit of consolidation to get new entries for shorts 
- #16,543
- Sep 25, 2014 3:55am Sep 25, 2014 3:55am
My trading manager called me up and was asking me to keep S/L immediately. He is claiming that there will be sudden trend reversal in next 1 hr. I dont see any high impact news in till NY time.
- #16,546
- Sep 25, 2014 4:41am Sep 25, 2014 4:41am
- | Membership Revoked | Joined May 2014 | 1,289 Posts
Neural Network Algorithm and Econophysics
if you are a bull for gold like me,condition of uptrend or reversal is,
1. weekly close above 400 ema on weekly tf
2. 1185-1202 range must be touched and hold
3.uptrend target 1242 or 1268,clear breakout of this tends to 1314-1324.
additional support- RSI is oversold,US dollar is in a bubble,fundamental is always bullish for gold.
but for bears..........
1. if gold closes below 400 ema on weekly tf,
2.weekly close under 1185-1202 range,
then .........target 1155,1100.........
additional support-pure manipulation by fed,so much long position.
1. weekly close above 400 ema on weekly tf
2. 1185-1202 range must be touched and hold
3.uptrend target 1242 or 1268,clear breakout of this tends to 1314-1324.
additional support- RSI is oversold,US dollar is in a bubble,fundamental is always bullish for gold.
but for bears..........
1. if gold closes below 400 ema on weekly tf,
2.weekly close under 1185-1202 range,
then .........target 1155,1100.........
additional support-pure manipulation by fed,so much long position.
Nothing Is Certain In The Universe
- #16,548
- Sep 25, 2014 5:08am Sep 25, 2014 5:08am
if you are a bull for gold like me,condition of uptrend or reversal is, 1. weekly close above 400 ema on weekly tf 2. 1185-1202 range must be touched and hold 3.uptrend target 1242 or 1268,clear breakout of this tends to 1314-1324. additional support- RSI is oversold,US dollar is in a bubble,fundamental is always bullish for gold. but for bears.......... 1. if gold closes below 400 ema on weekly tf, 2.weekly close under 1185-1202 range, then .........target 1155,1100......... additional support-pure manipulation by fed,so much long position.
- #16,549
- Sep 25, 2014 5:21am Sep 25, 2014 5:21am
- | Joined Feb 2010 | Status: Make Them Pay | 1,103 Posts
Anything can happen.
- #16,552
- Sep 25, 2014 6:06am Sep 25, 2014 6:06am
if you are a bull for gold like me,condition of uptrend or reversal is, 1. weekly close above 400 ema on weekly tf 2. 1185-1202 range must be touched and hold 3.uptrend target 1242 or 1268,clear breakout of this tends to 1314-1324. additional support- RSI is oversold,US dollar is in a bubble,fundamental is always bullish for gold. but for bears.......... 1. if gold closes below 400 ema on weekly tf, 2.weekly close under 1185-1202 range, then .........target 1155,1100......... additional support-pure manipulation by fed,so much long position.
last 2 years its been the reversal point,didn't close below this 400 ema on weekly.if this breaks,then 2 years range will be broken and more important is that 400 ema is intact since 2003,almost 10 years not a single weekly candle didn't close below this 400 ema ......
Nothing Is Certain In The Universe
- #16,555
- Sep 25, 2014 6:30am Sep 25, 2014 6:30am
- Joined May 2013 | Status: formulating infinity | 2,125 Posts
90% of people, are wrong about 90% of everything, 90% of the time...
- #16,556
- Sep 25, 2014 6:44am Sep 25, 2014 6:44am
- | Commercial User | Joined Aug 2007 | 6,072 Posts
Hello World!
- #16,557
- Sep 25, 2014 6:56am Sep 25, 2014 6:56am
- Joined May 2013 | Status: formulating infinity | 2,125 Posts
90% of people, are wrong about 90% of everything, 90% of the time...
- #16,558
- Sep 25, 2014 7:06am Sep 25, 2014 7:06am
- Joined Aug 2011 | Status: Trader | 4,956 Posts
As the lights go by so too do the shadows move
- #16,559
- Sep 25, 2014 7:07am Sep 25, 2014 7:07am
- Joined May 2013 | Status: formulating infinity | 2,125 Posts
{quote} I also, agree with you on this based on my analysis, there was a time pivot yesterday. We saw a strong move the day before, and now after the pullback,, the upside target has been established time pivots usually go active within a +/_ 3 day window, which would imply that by trw, the picture should be pretty clear
GOLD Daily
personally, I would set my target on the lower end of that window...
90% of people, are wrong about 90% of everything, 90% of the time...
