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All Majors and Gold

  • #3,481
  • Mar 25, 2013 8:09am Mar 25, 2013 8:09am
Quoting gnomoneey
possible bounce 1602
  • #3,482
  • Mar 25, 2013 8:14am Mar 25, 2013 8:14am
looks like falling bank shares driving up gold now. Or Mr.G put a spell on those markets
  • #3,483
  • Edited 8:45am Mar 25, 2013 8:16am | Edited 8:45am
Quoting lexazver
thanks brother.....m15 for bounce....so far 2/2 target hits....

ok h1
1606 retracement is needed and 1610 max for this h1
Wooooohooooo or Boooooohooooo
  • #3,484
  • Mar 25, 2013 8:49am Mar 25, 2013 8:49am
Quoting lexazver
looks like falling bank shares driving up gold now. Or Mr.G put a spell on those markets
we should stay at this level [1602] for consilidation?

if we go lower hello 1650's
a move above 1614 then 1625 for sure....

wait and see move now
Wooooohooooo or Boooooohooooo
  • #3,485
  • Mar 25, 2013 8:53am Mar 25, 2013 8:53am
and the -ve news for euro are starting

Euro Bailouts: Savers Be Warned - Your Money's Not Safe
From spiegel.de| 16 min ago

<li id="thread417217" class="story low"> Rumors Of An Italian Downgrade
From forexlive.com| 28 min ago| 7 comments
<li id="thread417208" class="story none"> Russia backstops Cyprus bailout despite anger
From ekathimerini.com| 50 min ago| 1 comment
<li id="thread417212" class="story high"> After Cyprus, euro zone faces tough bank regime: Eurogroup head
From reuters.com| 1 hr 6 min ago| 20 comments
Wooooohooooo or Boooooohooooo
  • #3,486
  • Mar 25, 2013 9:06am Mar 25, 2013 9:06am
Quoting gnomoneey
thanks brother.....m15 for bounce....so far 2/2 target hits....

ok h1
1606 retracement is needed and 1610 max for this h1
hahaha 3/3
what's next....
Wooooohooooo or Boooooohooooo
  • #3,487
  • Mar 25, 2013 9:16am Mar 25, 2013 9:16am
Quoting gnomoneey
hahaha 3/3
what's next....
say $2,500 )))

now lunchtime in US so shouldnt expect big moves for 40min or so
  • #3,488
  • Mar 25, 2013 9:18am Mar 25, 2013 9:18am

you the man!!!!!!!!!!


Quoting lexazver
say $2,500 )))

now lunchtime in US so shouldnt expect big moves for 40min or so
Wooooohooooo or Boooooohooooo
  • #3,489
  • Mar 25, 2013 10:29am Mar 25, 2013 10:29am
hmm, look like money is flowing into switzerland again )
  • #3,490
  • Mar 25, 2013 11:18am Mar 25, 2013 11:18am
Quoting gnomoneey
we should stay at this level [1602] for consilidation?

if we go lower hello 1650's
a move above 1614 then 1625 for sure....

wait and see move now
Can definitely see either of these setups - got a funny feeling that a spike to 1625/6/7 ish might just play out - not necessarily today though.

Although, from here I can also see, potentially, a very very heavy drop possibly to lower than 1527.

Short orders at the ready from 1624 and just below 1589 (in case of any sudden downward thrusts).
  • #3,491
  • Mar 25, 2013 12:41pm Mar 25, 2013 12:41pm
buy ej at 1.21 after hitting 1.20...hold until 1.35

look at this video by luis carlos ---in spanish but just look at charts.....

http://www.forexfactory.com/showthre...15#post6543115
Wooooohooooo or Boooooohooooo
  • #3,492
  • Mar 25, 2013 12:46pm Mar 25, 2013 12:46pm
Quoting mark_it
Can definitely see either of these setups - got a funny feeling that a spike to 1625/6/7 ish might just play out - not necessarily today though.

Although, from here I can also see, potentially, a very very heavy drop possibly to lower than 1527.

Short orders at the ready from 1624 and just below 1589 (in case of any sudden downward thrusts).
for me i wait for charts to show me what to do and along with current price action....i'm good with small profits....

good luck
Wooooohooooo or Boooooohooooo
  • #3,493
  • Mar 25, 2013 2:14pm Mar 25, 2013 2:14pm
gu outlook for this week....

close below blue tl is bearish
close above blue tl is bullish

today's chart
Attached Image (click to enlarge)
Click to Enlarge Name: gumarch25d1bluetl.gif Size: 40 KB


close up of today's chart

Attached Image (click to enlarge)
Click to Enlarge Name: gumarch25h4zoombluetl.gif Size: 25 KB


march 14 chart

Attached Image (click to enlarge)
Click to Enlarge Name: gumarch14w1bluetl.gif Size: 28 KB
Wooooohooooo or Boooooohooooo
  • #3,494
  • Mar 26, 2013 2:02am Mar 26, 2013 2:02am
Quoting gnomoneey
gu outlook for this week....

close below blue tl is bearish
close above blue tl is bullish
Nice. I personally think the corrective rally from 1561.34 has ended or is about to end (wave C in my analysis).

The final upward target that GOLD could reach for is around 1624.17 (before turning down)- funnily enough that is approx. where the 50 day mva is.
I would need to see a break of 1616.50 to give support to this bullish case.

If GOLD spikes past this level and upto 1624.17 then I'm expecting stiff resistance and a sharp sell off. Here, I have short orders with SL in place.

I'm reluctant to go long right now as I can also see a straight drop down to 1527. For this scenario my shorts below 1589 are at the ready.

So I'm staying on the sidelines and observing price action for now.
  • #3,495
  • Edited 3:56am Mar 26, 2013 3:35am | Edited 3:56am
Hi gm / All,
Haven't dropped by for awhile.
Been flat out chasing EU.
Posting a WLY Chart that is almost the same as the last one.
Targets revised a little lower [1510 - 1490],
with of course a Stop Run below the 1500 very likely.
[Looking for a Zigzag, Lower Low, with spike / pin bar below 1500].
The more I look at it, the more I reckon 1500 is definitely the target.
Should get the Bulls good and mad to start a meaningful rally???
Cheers,
U2
Attached Image (click to enlarge)
Click to Enlarge Name: 130326_ WLY[1]Spot Gold.png Size: 37 KB
Wait, or you will be slaughtered!
  • #3,496
  • Mar 26, 2013 3:42am Mar 26, 2013 3:42am
nice, buyers hitting the bids now
  • #3,497
  • Mar 26, 2013 4:01am Mar 26, 2013 4:01am
Quoting lexazver
nice, buyers hitting the bids now
Can't resist, long @1598 targets 1616.50 and 1624.17 - a very small order with a tiny loss if it doesn't work out.
  • #3,498
  • Mar 26, 2013 4:45am Mar 26, 2013 4:45am
Here's my chart, outlining the two possible scenarios - although they could both play out.

Please feel free to comment, give feedback (+ve and -ve) and make suggestions etc.

Attached Image (click to enlarge)
Click to Enlarge Name: Gold_H8.JPG Size: 91 KB
  • #3,499
  • Mar 26, 2013 5:18am Mar 26, 2013 5:18am
Quoting mark_it
Here's my chart, outlining the two possible scenarios - although they could both play out.

Please feel free to comment, give feedback (+ve and -ve) and make suggestions etc.

Attachment
Everyone seems to expect that if it goes to c.1625 it will then tank hard from there....In my view if we get to that level, of course we will have pullbacks and retracements but overall I think it will continue higher... gold has what I call an unfinished business around 1658 and 1790 level. By unfinished business I mean single volume prints and a lot of the times, and sometimes after a very long time, the price tends to go back to those levels.

The last major single print that was 'closed' was around 1622 area which appeared on August 21 2012 and was closed on Feb 15th. At the moment there are prints at 1585 and 1588 (although they are not single prints exactly) which hasn't been closed yet. I'm not saying that the price will definitely go to these levels but it has a tendency to close those.

Of course there also might be single prints below 1500 but I haven't been tracking it then so I dont know.
  • #3,500
  • Mar 26, 2013 5:23am Mar 26, 2013 5:23am
Meanwhile price ran into strong resistance at 1600...lets see if buyers keep up persistence or sellers will absorb everything.
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