All Majors and Gold

good morning CrazyOz

sorry I don't know much about EW
but looking at daily you can see since nov 2014 that everytime it hits bottom it bounces to a minimum of that magic 1200
you can also see two hs that will bring prices well below 1100 and 9xx.
if you also fib from monthly perspective price 252-1920 then you can see 50%=1082, 38%=898 and 23%=646
if you remember the gold market started to parabolic with the great financial crisis....and remember that is where we are about before it melted lower then took off.
just place financial disaster news on your charts and you'll see what I mean....
so after usa crisis started to heal we started the bearish market but in that it took several fluctuations of price 15xx-18xx before breaking out lower.
keeping in mind the start of usd weekness from 2001-2012 and the start of usd repair.....with yellen yupping about IR hike and carney the same we see that gold is dropping. why is gold dropping? well gold is still being seen as a safe haven and with usd being strong then investors are diverting their funds to other means.
that's some what fundie point of view
but the technical is fib bottom to top.
imo Greece is still in until they cant suck euro from giving them more money
middle east is trying to get as much as they can from oil and dropping the price to kill competitors

in conclusion usd is king until they are not, so follow usa news and trade on that...

G

Thanks Mr G. I will watch for a US$4 roll over for a Gold upturn.

eurusd view.....watching big drop to 0.9965...how long before it hits target

3 tl hitting this area.....

gold view
white ab=cd with 3 drives target 104x=
aqua ab=cd 817 target
brown ab=cd 913

1 minute and boom drops $60 an ounce:-:-)

<p>G can you fib EF top 0 and second bear candle bottom as 100

Mini flash crash in Gold? what happen? anybody know?

http://www.businessinsider.com.au/go...stroyed-2015-7

here you go

some speculation of what happen with the flash crash on gold

http://www.marketwatch.com/story/big...7-20?link=skey

gbpnzd longterm view....resisted 2.4071?
-4xx pips since resistance

Hey G,

Agree on all areas you marked. But I think this gold will bottom out around $500-$650.
Just my feeling.

K3nshinz3139

remember this 1083 level I asked you to do fibs on back in jun 2013?

Here is a chart i put together today based on 10 year price to represent one candle. Due to PA on the much lesser time frames when observing one candle it more so then not retests its open to either be rejected or penetrate it to turn into a candle opposite to what we originally was seeing from its open. Funnily enough i thought i would attach this open method based on 10 year cycle forming a candle from year 2000 and so on. 5 years in on the second 10 year cycle it has done exactly that back to the close and open. So basically the bottom was $252 and high was 1920. Currently 15 years in on a 20 year cycles and over 5 years it has retraced 50 % of price.

Linear Prediction

http://www.forexfactory.com/showthre...05#post8402905

straight on x wave

New chart for Gold