Gold Charting and Gold TA Chat

[Lunardragon]

It broke 1700!

 

[thatguy]

testing 1685... if it breaks here, it's going to be big

 

[theiain1]

bad is still good

 

[theiain1]

Trading back in the main channel

 

[thatguy]

if it closes within it I think Monday will be a a day to be long

 

[theiain1]

Heh - not on the weekly ($1730)

All eyes on the close

 

[Lunardragon]

Need to come down so can buy golden snakes.
Argghh!

 

[theiain1]

Heh - not on the weekly ($1730)

All eyes on the close

Not convinced we're 'in' on the weekly

Drawn a better fitting line in that comes in at 1742 which by no coincidence is Fridays high

Will need to push through and close above if we're going to test 1795

Initial support 1700

Stronger support 1680 then 1635

 

[lucky luke]

Heh - not on the weekly ($1730)

http://i498.photobucket.com/albums/rr350/theiain1/Charts/goldweekly070912.gif

All eyes on the close

How high can green go before the splash of red?

 

[thatguy]

Heh - not on the weekly ($1730)

http://i498.photobucket.com/albums/rr350/theiain1/Charts/goldweekly070912.gif

All eyes on the close

How high can green go before the splash of red?

we'll see 1758 before we see sub 1685 IMHO

 

[thatguy]

To quickly review:
The Fed is seeing as being on the precipice of launching QE3.
The ECB is going to buy short-term peripheral debt on an unlimited scale.
China has stepped up its fiscal stimulus.
Last night Korea unveiled a tiny fiscal stimulus.

http://www.businessinsider.com/jpm-...rge-for-another-6-months-2012-9#ixzz2649SArTx

Well that is contraian for me... just about kills any chances of 1 and 2

 

[thatguy]

A gauge of indicators of market expectations for additional central bank stimulus rose to a record 99 percent in August, according to Citigroup Inc. The measure increased to 82 percent in the months before QE2 in November 2010.

Yet again the muppet puppets are leading the sheeple into a slaughter

 

[theiain1]

 

[theiain1]

 

[thatguy]

We so close... 1800 will it be tonight

 

[mmm....shiney!]

Well hello?

 

[thatguy]

golds broken the lower trend line, support @1758??

RE: trendline... smackdown on Q

 

[thatguy]

wow fireworx on the way up

 

[Silver Soul]

wow fireworx on the way up

Hhhhmmm! Bull trap!

 

[thatguy]

wow fireworx on the way up

Hhhhmmm! Bull trap!

Aren't silver options meant to be expiring today?