All Majors and Gold

here's another view with different methods

another chart done two days ago


now this has been what i'm looking at now

based on last picture, do you expect any major reaction at 1243.36? I only see HS anywhere. It's surreal!

If really study my chart it tells you what has been happening in the last three drops.
As far as Hs it's in the nov 13 chart and below that is the finishing of the right shoulder of Hs. Which therefore should bring us to 1072 as the completion target of the Hs

missed high by $3 and 1255 target hit and also 1238 almost reached and missed again by only $3

I see. Thank you gnomoneey. I expect some strong support around 1210 until December then 1072 is possible.

Gold view

max retrace 1253-1257

Thanks, Gnomo

Exactly the area where I will reload my shorts....

Something i observed yesterday on the daily. I have added 3 stochastic indicators with different values ...the reason well they can flat line an lag and with the lower value ones on a much larger time frame gives me indication on the much larger stochastic that being 14/3/3 when its in oversold or overbought regions whats happening with it. Now on the 18th June 2013 the 5/3/3 stochastic bounced and turned down from the 50 level. From this candle high to the bottom 1180 there is around $205 drop.
One the 19/11/2013 the 5/3/3 stochastic has done the same thing , hit the 50 level and turned down. Based on June scenario if we are to get the high of the daily candle on the 19th a 1277 and deduct $205 from it we would get $1072.
The daily has a head and shoulder pattern ,yesterday the neck line extension for the bottom of the right shoulder was tested $1240 . Measuring the peak of the head to the neckline should be $168 .

$1240 - $168 = $1072 for head and shoulder to play out.
$1277 - $205 = $1072 based on June 18th price action with stochastic drop ...transferred over to November 19th

interesting reading on "Bail-In"

http://danielamerman.com/articles/2013/IMFbailinC.html

another amazing read......


http://www.goldcore.com/goldcore_blo...on-sell-trades

JPM settlement and how it occurred from charges to settlement.....


http://www.tfmetalsreport.com/blog/5...tals+Report%29

another interesting read from GATA interview on King world news


http://kingworldnews.com/kingworldne...ld_Market.html


*************** THAT'S IT FOR ME AND THE NEWS *******************************

my gold view for today with supply and demand



what do you think of this?

Good stuff Gnomo. Will keep me awake tonight (the stealing our assets part)

Good chance of a retracement back to 1258...............

I'm not getting any decent reversal signals so maybe a further drop to 1227 before a bounce.

short taken 1246 sl 1259
still have 1276 short from beginning of the week

i already short gold @1246 sl 1256

why you took the trade