Gold Charting and Gold TA Chat

[Pirocco]

It wasn't the Crimex that brought golds price down last week.
They even prevented it from going down more (same for silver).
So they made it more expensive, the bastards!

 

[thatguy]

gold scraping the upper resistance band

 

[thatguy]

At a bit of a intersection here IMHO... 1450 is a sort of line in the sand for me anyway
http://www.zerohedge.com/news/2013-04-24/gold-retraces-half-record-plunge

 

[theiain1]

 

[theiain1]

Rally off the low losing some momentum leading into news events (FOMC, ECB, NFP)

1460 - 1480

Break above 1480:

1485 -1495
1525

Break of the trendline:

1460
1450
1440-1435
1420

 

[thatguy]

If it gets to 1525 i'm shorter than Nehimiah

 

[menotcrimex]

http://forums.silverstackers.com/uploads/1021_bo.jpg
If it gets to 1525 i'm shorter than Nehimiah

When not if, lol

 

[thatguy]

this sideways crap kills me... crash or rocket don't care just NO sideways!

 

[wrcmad]

@thatguy, I have exactly the same scenario, with a slightly different start to the wave down.
Still looks like a probable downward break to me.... time will tell.
If this happens, target is in the vicinity of $1220.

 

[thatguy]

@thatguy, I have exactly the same scenario, with a slightly different start to the wave down.
Still looks like a probable downward break to me.... time will tell.
If this happens, target is in the vicinity of $1220.

http://forums.silverstackers.com/uploads/4088_gold201356.png

Yeah looks a tad shakey. Can see silver breaking past recent lows (target 21.30 or maybe 20 even) but gold past 1300... Oh me of little faith

 

[thatguy]

Looking closely @ dixie... if it breaks up gold is going down IMHO. A break of 1440 and i'm going short. The lower low 1474 vs 1488 is a little disconcerting. Seems a big night is on the cards

 

[wrcmad]

A break of 1440 and i'm going short.

1440 is also where my order for shorts is sitting in wait.

 

[thatguy]

*%&^&^% gap down in gold 1441.94 to 1437.70...

 

[trew]

well down we go again... 1436 usd ... so I take you guys have gone short now.


aud going down as well so helping a little

 

[thatguy]

well down we go again... 1436 usd ... so I take you guys have gone short now.


aud going down as well so helping a little

Wouldn't call it yet... order got filled @1436.14 so added ~$3 risk to my trade

Might go back and fill in the Gap

 

[wrcmad]

so I take you guys have gone short now.

Not quite got to my short entry yet.
1440 was the mark in the sand + a little safety buffer.
Nearly there though.

 

[thatguy]

well support was broken but no plunge... just meadering around the cliffs edge like a suicidal drunk. Well bennys gonna be talking so maybe that'll push him over

http://www.zerohedge.com/news/2013-05-10/ben-bernanke-speaks-live-webcast

 

[thatguy]

filling the gap

 

[wrcmad]

Woke up this morning to see gold had dropped through my short entry trigger by 15 cents then reversed.
Haven't been stopped out yet, but not far away. :/ Still in with a chance.
(Talk about bottom picking at the wrong time :lol

 

[theiain1]

Resistance at the downward sloping line connecting the all time high and the Feb 2012 high

This line and the last few Close / Lows on the weekly look to be forming a pennant

A break in either direction will be significant

Almost parallel line on the daily providing some support on a close basis