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Only Gold!

  • #18,341
  • Oct 30, 2014 11:13am Oct 30, 2014 11:13am
its following my way until now....do not long gold until a clear reversal pattern
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  • #18,342
  • Oct 30, 2014 11:14am Oct 30, 2014 11:14am
hi
thanks for sharing your information.
IMO gold will not break 1180 easily or very soon. need very strong reason to do so.
dont expect gold to move 30-50 usd per day downward.
i learned to respect support and resistance levels and believe they will hold nicely.
as one said above gold had triple support at area of 1190-1180 however it may penetrate the zone but breaking will not be easy.
  • #18,343
  • Oct 30, 2014 11:19am Oct 30, 2014 11:19am
longed at 1197, very nice bullish setup in chart.
  • #18,344
  • Oct 30, 2014 11:22am Oct 30, 2014 11:22am
Quoting XediAnakin
solid downtrend pressure in gold until it makes a new low......its trying to break the bearish 'abcdef' triangle pattern. if 1180 breaks......last chance for a up move is 1169.....if that breaks..........who knows.....may be 1100...
Quoting msh310
{quote} CT 1190-1192 would be the last reversal point for gold if it doesnt then 1180 can be taken out easily on the other hand i see some bullish divergence over 1hr but 4 hr is confusing
Psychological Maths & Interpretation IMHO:
-------------------------------------------------

IF price hits 1188 or around that, this is going down like a rock off the cliff.

On the other hand IF 1188-1190 can sustain and thereafter bulls show strength, much awaited Bull rally could be back.
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  • #18,345
  • Oct 30, 2014 11:24am Oct 30, 2014 11:24am
Quoting Landline
{quote} Well Ive tentatively opened a small long postion ref verticle dotted line to test the waters, based upon my m30 chart attached. I'm targeting 1208 initially, sl 1190 {image}
On the same lines, I adjusted my SL @ 1188. Also read my other post.
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  • #18,346
  • Oct 30, 2014 11:27am Oct 30, 2014 11:27am
this weekly and monthly close are same,so friday close is so so much important,a close under 1200-1203 will give a strong signal to down side.


remember only one thing for next 1 year at least,suppression of gold and silver gives us dollar safe heaven status and fiat currency status.they will die before give it up.fundamentals are nothing here.

1180,and close under 1200 is the key according MAs,trendline,elliot wave,Fibonacci.........

triple bottom will not hold for long after a close below 1200 this month.lets seeeeeeeeee..................
Nothing Is Certain In The Universe
  • #18,347
  • Oct 30, 2014 11:29am Oct 30, 2014 11:29am
Quoting Landline
{quote} Lets see what happens in the next day or so.... if you are indeed correct and price blasts through 1180 as you are suggesting, then I'll take my hat off to you, I cant be fairer than that
if we dont see big buyers on china and india time then we will see 1180 by tomorrow for sure.
  • #18,348
  • Oct 30, 2014 11:40am Oct 30, 2014 11:40am
No predictions.

The trend is currently down. Some strength has come in, but until there is a change in behavior, the path of least resistance is to the down side.
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Without VSA, you're playing checkers while the Smart Money plays chess.
  • #18,349
  • Oct 30, 2014 11:40am Oct 30, 2014 11:40am
from july gold is making new lower lows,lower highs,now its the time to make a decision...either make a higher low by not going to 1183 again or break it apart.

but my thought that gold will break 1180 triple bottom and Elliot waves 'abcdef' pattern to make new low and then go up for 1280 at least.
Nothing Is Certain In The Universe
  • #18,350
  • Oct 30, 2014 11:46am Oct 30, 2014 11:46am
in daily candles $ is losing the game against Yen,Euro, Pond and reversal candles are forming!
  • #18,351
  • Oct 30, 2014 11:46am Oct 30, 2014 11:46am
tomorrow close will reveal many thing.....down or up....

if 1180-1183 holds again I will close my short and go huge long...all depends on fridays close now..
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  • #18,352
  • Oct 30, 2014 12:00pm Oct 30, 2014 12:00pm
look at this monthly candles....find the answer yourself....
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  • #18,353
  • Oct 30, 2014 12:10pm Oct 30, 2014 12:10pm
i guess you want to say its bearish yet.
  • #18,354
  • Oct 30, 2014 2:50pm Oct 30, 2014 2:50pm
Quoting ClockTrader
1190 is still alive & intact. 1180ish range looks like black-hole to me. Any advise fellas on the basis of technical analysis? PS: Sorry to say I don't understand news.
Quoting XediAnakin
look at this monthly candles....find the answer yourself....{image}
IMO One more leg down is pending, then We can see a decent pullback. On the other hand Monthly is bearish.
  • #18,355
  • Oct 30, 2014 6:10pm Oct 30, 2014 6:10pm
Closure of today is above 1200, I don't know, it feels like there's something preparing but what is sure is there's gonna be a huge move very soon for gold..
  • #18,356
  • Oct 30, 2014 9:59pm Oct 30, 2014 9:59pm
Support on VVSA-M5 (very small [TF] )

@1297

It better bounce off 1194-96 area.

Falling below 1188 will erase any hope of Bull rally ahead.
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  • #18,357
  • Oct 30, 2014 10:01pm Oct 30, 2014 10:01pm
Quoting XediAnakin
look at this monthly candles....find the answer yourself....{image}
If making money on the basis of such patterns was so easy, everyone would be millionaire.
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  • #18,358
  • Edited 10:24pm Oct 30, 2014 10:05pm | Edited 10:24pm
When ever there is a need to play it extra safe I always think its a good idea to turn to Ichimoku (ichi). This is a 4H TF. Notice there is no TK crossover and the Kumo is diverging. Also note the PA is relatively far from the Kijun (which is flat) which is a good sign for longs (scalps) on the shorter TF [I don't use ichi on the shorter TF]. However, longs on the higher TF need to wait at least for a weak TK cross and/or a Kumo twist. Extra confirmation would be a Kumo break and then its back to business... At the moment everything is bearish... as a quick glance shows

EDT: look at the amazing PA around 1230... Kumo break low followed by a retest rejected off the bottom of the Kumo where Kijun was lying (flat) in wait, amazing!
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  • #18,359
  • Oct 30, 2014 11:24pm Oct 30, 2014 11:24pm
Confusing morning for me, I'll wait for NY morning. Maybe we get some direction in London session.

IF price can decisively breach 1207 today, I'll see life in possible Bull rally ahead.
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  • #18,360
  • Oct 31, 2014 12:35am Oct 31, 2014 12:35am
Longs blew @ 1190

Time to chill.. got a clean slate now....
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