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- mark_it replied Feb 20, 2014
The bears could be gathering for a claw swipe...watch out longs! Shorts - could see some whip saw action (my target 1280-1290 or lower). Good luck to all either way.
- mark_it replied Feb 7, 2014
My personal first upside target for GOLD is 1335.49 (from daily data). I do not know how it will choose to get there, it may (or may not) correct significantly before attempting another shunt upwards.
- mark_it replied Apr 18, 2013
You'll have to put that in writing to Miss Market, with lots of woooing and charm
- mark_it replied Apr 18, 2013
Let's see how it plays out, remember how it took one further Asian session for that 'extra' downward push? Although, yes, many have forecast the lower levels towards the end of the month. Keeping a close eye.
- mark_it replied Apr 18, 2013
We could get some surprise statements off the G20 and/or IMF meetings, which could spook the markets further....drum roll please...OR everyone could just go home, have a quiet weekend and watch the action resume in the first session next week. I ...
- mark_it replied Apr 18, 2013
I can see a potential drop to 1267 ish but cannot confirm until 2 more sessions and more pattern play out; need to be careful here as we all know Gold likes to drop when alot of us are all asleep too!
- mark_it replied Apr 18, 2013
Currently short from 1394, target 1363/5 area. This choppy price action will lead to something sooner or later. Even if Gold does manage to throw itself over 1400 in the next few sessions, I don't think it will have any staying power. The bulls are ...
- mark_it replied Apr 17, 2013
Seems that wave X is not over, I can see this down move heading towards the 1350 area. I had a feeling that would happen. Still no positions, waiting for clearer signals and pattern formations.
- mark_it replied Apr 17, 2013
On this basis I have an upside target range of 1409 to 1444. It has the potential to go higher if this is the correct pattern actually playing out, but we'll see. No positions. Just watching for now. Looking to go short higher up if the price action ...
- mark_it replied Apr 17, 2013
It's possible the WXY correction could play out - I hate corrections. image
- mark_it replied Apr 16, 2013
shorted from 1365 target 1638/42.
- mark_it replied Apr 16, 2013
I'm out, lucky it was only a mini lot
- mark_it replied Apr 16, 2013
Long in play from 1379, adjusted target 1411 (could go higher), SL 1365.
- mark_it replied Apr 16, 2013
Looks like the Gold bulls are gathering for a charge upwards in my view, bit late in the day, but the bulls will take any opportunity. Going long above 1370 (mini lot only as don't want to risk too much), target 1406/16 area, SL 1365.
- mark_it replied Apr 16, 2013
That's the last time I'm inviting mrs. market to a party. This downward move could be wave (x) of a wxy correction. It could be sharp. Watch out. When this ends, wave (y) should head the price back upwards.
- mark_it replied Apr 16, 2013
mrs. market, mrs. market, mrs. market, now how long have you known us? If you get to 1420, we'll all be waiting there for you with some lovely shorts. Please do come over to 1420, you won't regret it.
- mark_it replied Apr 16, 2013
Here's a question: where do you have sub-wave (iii) of 3 ending? I have it ending at 1385.55, and then subsequent wave (iv) of 3 ending at 1427.92 (as a shallow correction). Does this tally with your sub-wave count of wave 3 at all?
- mark_it replied Apr 16, 2013
Hello...I think were going up to 1420 at least, we'll see.
- mark_it replied Apr 16, 2013
I don't believe it is mandatory to 'show' charts all the time. Numbers are sometimes given out to affirm or compare with other traders' support/resistance levels. Or to see if others have similar to you. Forums are great aren't they - they allow ...
- mark_it replied Apr 16, 2013
Sure. Would you care to post one?