Technical Assessment of Gold As We Approach Year's End

I Think Gold will still bearish untill 1130 levels , after that we have to options, either breaking 1130 support level and slips down further 1075 levels (of course if the USD still brightening) and the other more likely option is up correction to the 1238-1239 area

Gold edging lower by $3

- Fan

There is no need for technical assessment. It is a waste of time. Gold is the most highly manipulated equity there is. And its pricing is determined by the Robber Banks that make the market in gold. And the way pricing has been trending is not due to the USD or commodities in general. It is due to the collusion of these big banks and the big governments to lower the price, stock up on it, corner the market, and then raise the price.

This is the Bail Out Plan of the big governments that already bailed out these banks! These banks are colluding because they "owe" these governments and because they are making fortunes having a free hand at manipulating gold prices - up/down/up/down - but trending on down, as is the plan between them and the big governments.

All of your comments tend to lend an idea that you are not aware of how the markets work. You do realize the "robber banks" and MMs of which you speak actually work against each other, don't you? They are not all in this together, otherwise price would never move. Try to learn how the markets work, quit complaining so much, and others may take you serious. Six years is a really short history of trading, so try to educate yourself for at least another six, and you should be okay. Most of what you post just shows a lack of experience, and we all had to go through that, but as you are still a rookie, your comments may be taken seriously by others, and that can be dangerous to their future attitudes and trading habits.

Would it not be better if you kept these sort of views to yourself or share it strictly among confidants (e.g. use the PM facility)? Seems to me of very little help and rather confusing to the regular reader out to make sense of the market based on more objective cues and information out there. Seeing as you have not a shred of evidence on this "theory" of yours and indeed no useful view to a commited trader in or out of trades - I wonder what the point of this and other such posts of yours is?

In the meanwhile (and certainly ignoring the empty banter on manipulation - which is mostly a cop out for failed trades to my mind) I would like to add to the analysis the following view: Decidedly, Gold is corrective to the upside and not even the drop seen to 1190 or circa that desuades long trades to circa 1244/78 at this point. However one suspects that once at those limits it may make a swift u turn to resume selling. Little speaks for a sustained uprising in Metals as group at this point but of course the market clarifies its intentions by the day so not ruling it out completely. Just my 2cents.

The Crow (-_-)