Gold Charting and Gold TA Chat

Thank you aleks

aleks said:
http://i.imgur.com/8EwJTmo.png

Breaking 1150 to 1130 and below 1100 was pretty devastating, if the bear trend continues, 1030 and 990 look like key levels to expect rallies off at least. If an old high is broken and turns support, like the ones at 1390 and 1300 ( lines in light blue) or a lower one or one that hasn't formed yet, possible MOON. Will be keeping note of USDX levels, commodities, indexes in general and COT data along the way.

Timeline, not sure. not game to pick a bottom.
Click to expand...
 
phrenzy said:
Don't ask me why, I don't have good technical reasons other than my recent experience watching previous Friday nights, but I think tonight will be good or at least not bad. No smack down is my prediction.
Click to expand...

:p
 
Took a small position @1082, am looking for a slight drop to grab some Ag... may not get it. Looks pretty bummy to me
 
thatguy said:
Took a small position @1082, am looking for a slight drop to grab some Ag... may not get it. Looks pretty bummy to me
Click to expand...

You'll be sitting good in 2016. The rest of this year is totally up in the air.
 
LOL I feel like an idiot, this is twice I've missed and forgotten about his thread
 
OjYpbgI.png


Curve fitted up a bullish USD chart that would support the gold chart :P

Price rallies (green arrows), then enters consolidation (blue boxes). Current consolidation there was a big rejection of 93 level turning into a rally, when price came back to these levels 94 and 93.50 after a retrace, again we got a rejection and a slightly higher low was formed, which could mean we will eventually test and or break the 100 level.
 
back down to 1080,

USDX will be what we need to watch and possibly AUD as well (long term). Until this bull market turns to bearish price action the gold bear market will still continue, we could retest the lower and upper end of this consolidation for a while yet
 
1021_up_up_and_away.png

$15 will be interesting as res there, hoping for a nice clean slice through and a run up to 16.33
EDIT: Nice :D
 
Anyone keep track of the premiums between the near and further out futures contracts and chart the spread? If so do you know any good sites that can chart it?
 
You must log in or register to reply here.
Back
Top