Gold calls.Long term -medium term and intraday calls in gold is here !.

[Dentalfloss]

15 min a new uptrend has formed today
can it be maintained ??
trend support and breakout point shown

we follow that trend uneless it gets tested or we run int1350 and 1370 res areas

 

[Mr. Crabs]

15 min a new uptrend has formed today
can it be maintained ??
trend support and breakout point shown

we follow that trend uneless it gets tested or we run int1350 and 1370 res areas

I think it's pulled up to the point that the early birds have cleared out much of their positions, time to shake the weak hands and bring this snug under prior support we reached after the last corner which was about $1,300. I would re-load around that range, keep a tight leash on your upside position until it corrects in the short - term i.e. under 5 days.

I caught both the corners on this run so far, think it should shed some weight before it breaks past $1,375. A sharp dip under $1,300 could re-energize golds' recent rally. Hit the floor running and it could spring past $1,400 real quick which would attract a LOT of eyes.

 

[Dentalfloss]

a fakeout
back in the range for a rethink
1336 pivot could hold it

 

[b_p4tel]

dont think it was a fakeout...but a stepout to a new trend

 

[Dentalfloss]

this is how it looked on my 2 hour
breakout point is marked
trend is being respected

really need to test 1370 area res
supp is 1340 for this chart..trend support
pretty bullish price action

 

[Dentalfloss]

dont think it was a fakeout...but a stepout to a new trend

on the 15 minute it was a fake..shorts were in on that fake when it faded
pips banked
but we need to see supp

 

[Dentalfloss]

trend on 3 day
showing 1350 area res
note a big horizontal res at 1417 area
needs to p/b and make a decisive break above 1350 area

 

[Mr. Crabs]

This is some great stuff 007

trend on 3 day
showing 1350 area res
note a big horizontal res at 1417 area
needs to p/b and make a decisive break above 1350 area

Looks like I could learn a lot from you, already have. I'll have to subscribe to this thread.

I'll put down my own input, that being related to my hunch that gold hit its' bottom at $1,200. That being the case you will notice this past bounce ramped up the distribution, if a long-term uptrend is to be realized they will take the price back down and son in order to accumulate on the backs of weak hands, those who waited until after the drop to take profits and those who are aggressive when it comes to the short-side. I expect support around $1,300 and a pullback to begin sometime next week. I consider a sharp correction being more likely than gradual.

 

[sujithsstorock]

hello folks.i have been away from this site for long. Was occupied in self trading. Made a fortune out of trading. Then invested into real estate.was busy in managing and supervising building houses,flats and students hostels so that a reliable and steady monthly income goal can be achieved.

Hope to start our good "old" days of free trade tips .

 

[b_p4tel]

hello folks.i have been away from this site for long. Was occupied in self trading. Made a fortune out of trading. Then invested into real estate.was busy in managing and supervising building houses,flats and students hostels so that a reliable and steady monthly income goal can be achieved.

Hope to start our good "old" days of free trade tips .

Hey Sujit!!!!Long time...u made a fortune! well done! im still same old...

 

[darktone]

As I see it, gold has changed trend as of last week. Will try and position next week smtime.

 

[WR1]

Hope your not too late to the party
Gold uptrends don't often last long these days
(maybe as still for the time being they are counter trend)

 

[Dentalfloss]

gold4hour
testing the trend
a move down thsi morning and a bounce off the trend support
a bad bounce and the shorts move in for the kill
dollar strength ?

 

[Dentalfloss]

gold 4 hour
a negative signal given today
red line
still in an uptrend..trend supports shown underneath
could have been a fake negative signal...so still care

 

[Mr. Crabs]

I think gold is going to move up grudgingly next week and then fly up the week after. $1,306 bottom is in IMO.

 

[Dentalfloss]

gold 15 min
shows the downtrend that started on wednesday/fed day
$1 box size by 1 reversal
close.eliminates noise
we had the weakness pointed out on wednesday night.so all rallies were shorted
looks like it wants to break upwards
trend res/red lines are 1315 to 1320 area
support 1310,1307 and then 1300
there are prev horizontal supports going down to 1250 area
so
either we break that downtrend or it continues with the trend or more likely it consolidates

news depends
each "X" is a $1 upmove

 

[Dentalfloss]

depneds on the dollar
dollar index 4 hour
shows the downtrend that started on 9th julyat res..looks like dollar strength,especially with eurozone deflation..lets see what happens
if we break that res and move up ??
or consolidate

 

[Mr. Crabs]

I'd bet on it consolidating.

gold 15 min
shows the downtrend that started on wednesday/fed day
$1 box size by 1 reversal
close.eliminates noise
we had the weakness pointed out on wednesday night.so all rallies were shorted
looks like it wants to break upwards
trend res/red lines are 1315 to 1320 area
support 1310,1307 and then 1300
there are prev horizontal supports going down to 1250 area
so
either we break that downtrend or it continues with the trend or more likely it consolidates

news depends
each "X" is a $1 upmove

Looked at the indicators and price looks like bottoms put in this year and we're accumulating for a hyper-extension to around $1,500. Then everyone can take profits and major market players can load while it cools down for the next couple quarters while the western market gets set up for a take down.

 

[Dentalfloss]

what next ???
at trend support and horizontal supp
$7 box size by 1 reversal
60 min close
the numbers are dates

 

[b_p4tel]

what is going on!!