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

[Dentalfloss]

nice call Sujith
got it all including the bounce and the overnight short from 1245 area res
needs to stay above green trendline
5 minute data

 

[sujithsstorock]

nice call Sujith
got it all including the bounce and the overnight short from 1245 area res
needs to stay above green trendline
5 minute data
]

Thanks mate. I loved your dated charts. Gives a nice view about upcoming reversal dates.

 

[Dentalfloss]

5 min chart updated
a good signal to go short at 1230
dont know where supp will come in now
will need to test that purple trendline

 

[Dentalfloss]

good signal to go long from 15 min chart today
log boxes due to volatility

 

[Dentalfloss]

4 hour data
trend test

 

[Dentalfloss]

if we increase the reversal size from 2 to 3 box we can see a clearer picture
a mass of horizontal res
a prev supp...could be res at 1264
trend res at 1276 area

trend supp is is 1224 area
there are short term horizontal supports between
from the 1210 area Sujith called..it is looking a bit bullish
we need to test the reaction in those areas

 

[Dentalfloss]

short term
30 min data
price is coiled up
trend res at 1232
horizontal supp 1210 area/green

 

[sujithsstorock]

gold chart. long term

check out the attachment,.

 

[Dentalfloss]

that 30 min chart again
we had 1232 res and now we hit 1264 res
1264-1272 will be a tough cookie
bears will be watching the reaction in that area
b/o points 1240 and 1248 area..so we could pullback and test the bulls
lets see

 

[Dentalfloss]

a bull trap or a breakdown ??
60 min data

 

[Dentalfloss]

if it is a new minor downtrend
then we need to see the reaction as it tests these trend supports
1251 down to 1246 areas
1245 area was a prev breakout point
lets see

 

[Dentalfloss]

update on that bull trap/new minor downtrend
we were not sure what was going to happen and as we said we would look at the reaction at 1251 support..guess what..we got a new downtrend..that went back into the main supp area
15 min gold over the last week
green horizontal is the breakout/rally on 9december and we got a good signal to go short yesterday/pink horizontal

 

[Dentalfloss]

update since we took that short trade from the bull trap at 1251
some very ragged price action..the only thing of importance was the 1215 supp area/pink horizontal which provided some good opportunities
that broke yesterday/fomc
we track that thicker red downtrend line to see if it recoils
30 min
$5 box size by 3 reversal/hilo plot

 

[Dentalfloss]

a closer look on the 30 min
box size is now $2 by 1 reversal
close
some wild stuff there
green horizontal is where we took the swing trade..a bounce then sideways until we positioned for the fed.the orange/internal trend can track it

 

[Dentalfloss]

some forward guidance on that new downtrend in gold
15 min data
back on the log boxes due to the swift move
we have the latest supp in at 1185 area
on this chart,we are plotting the close as it makes the price action clearer
there is a prev supp/poss res at 1216 area
trend cluster at 1206
prev supp..could be res at 1200 area
so.....either we break lower or test these res areas
we look for technical signals...say on 1/3/5 minute with these areas as a guide
also put on some pivots
lets see what happens

 

[Dentalfloss]

here is the latest down move on 5 min
now at trend res
$1.2 box

 

[koolblue]

[/URL][/IMG]...

[/URL][/IMG]

 

[koolblue]

did you sell it?

Just hit 1214 as i told you :clap:

[/URL][/IMG]

 

[Dentalfloss]

thinking that we need to see if gold rallies a bit more
4hr data...shows the trend from 30 oct
$4 box
we area at approx 50% of the latest downmove/a prev supp also..light purple horizontal
above there is a prev supp/light orange horizontal at 1224 area and trend res at 1232/red trendline
so now we have a marker for overhead res
support is horizontal down to 1180 area
lets see what happens

 

[sujithsstorock]

gold chart 27 dec