All Majors and Gold

should be sl at 1331 not 1326 as its been hit already and next one could overshoot to take out your sl....just my opinion

with this pattern you noticed is very valid and a target of 1353 area if its true...for it to be valid it needs to break 1330

hi sir now gold made a new high of 1332 so gold will test 1353 next ?

n now gold is 1328 so can make long position for gold , i want to know ur opinion

pls let me know mr Gno...

A close under 1327 should open the door to 1312. 50/50 chance this retracement is over. I have targets North & South on the weekly. Gotta play it as it comes.

Still playing around with regression channel analysis pattern formations. The last two days i have noticed a pattern formation that is very much like the weekly regression formation . I watched the both days with the same patterns that had formed on the 5 minute charts and they both played out the same other than the candles with in the channels . One day had smoother price action and the following day it was choppy. Here are some charts on the 5 minute that i snapped yesterday on observation for reference based on this system. Also i have attached the weekly with the current channel formation in place






Based on the above i can see Gold heading towards $1500 to round it off on a major leg up.
I also don't know what happened on the upload with the chart order for some reason it has not put them order correctly but im sure one can see price playing out based on the channels and where it ended

boring market

no movement of gold

I will buy @ 1327-1324 targeting 1355-1370

let's see @ 8.30 to 10am US time, things will move, hopefully in the right direction

hi friend
so u mean gold will test 1327

but now its on high ,

1327 will test today ?

yeah friend i m waiting for 8.30 data time

so what u think what will happen today with gold

Yea may be on the NY start
because it should make abcd before going up
this is what I am thinking of

i made a long position from 1344 n i will close my position at 1380 with SL 1329

what's next as 1353 was almost reached?
have we hit resistance?
or are we heading for the next resistance?

excellent reading..........

When Will Europe’s Bluff Be Called?



Despite yesterday’s blatant HUI shellacking and PAPER PM attacks (remember, “all great PM days must be followed by horrible ones”); followed today by the 101st visit from the 2:15 AM algorithm in the last 113 days, a COMEX-opening Cartel Herald capping, and a subsequent WATERFALL DECLINE – directly after a miserable jobless claims number – gold and silver continue to rise. All this, despite Goldman’s “slam dunk sell” call at $1,320/oz.; or better yet, Dennis Gartman’s at $1,270…

Why am I starting today’s article this way, you ask? To demonstrate that no matter what illegal, unethical, or amoral tactics TPTB utilize to delay the inevitable collapse of its fiat Ponzi scheme – and simultaneous explosion of Precious Metal prices – they will unquestionably lose.
Whether the world’s central bankers are intelligent enough to understand this are remains in question – particularly given the political nature of their jobs, which REQUIRE them to keep printing. However, one thing they unquestionably realize is that if they don’t ACCELERATE the printing, the banking system will instantaneously collapse. Alan Greenspan knows it (as he desperately attempts to blame his failures on Ben Bernanke), Mario Draghi knows it, Shinzo Abe knows it, Janet Yellen knows it, and Chicago Fed President Charles Evans certainly knows it – per the startling answer he gave to a CNBC interviewer yesterday…
Does the Fed have a limit to its balance sheet? You are headed towards $4 trillion. Could it be $5 trillion? Could it be 12 trillion?
The Fed needs to do whatever is necessary to help meet our dual mandate objections. I don’t really think about it as far as limits are concerned because I think there is a tremendous amount of capacity. We can go as long as necessary.
-King World News, October 23, 2013
The FACT remains that the global economy is plunging, led by the United States of Financial Destruction; which this morning, reported the aforementioned surge in jobless claims, its lowest PMI manufacturing data since 2009, and a collapsing “consumer comfort” index – while even Zillow, one of the nation’s largest real estate consultants, admits the housing bubble is deflating (using their best “spin,” of course)…
http://blog.milesfranklin.com/wp-con...er-Comfort.png
The fact that government MONEY PRINTING and INTERVENTION have temporarily lifted stock markets to unsustainable levels – both East and West – doesn’t change the inexorably lower economic trend – as yesterday’s Caterpillar earnings disaster demonstrated, loud and clear…
http://blog.milesfranklin.com/wp-con...-World-GDP.png
Said MANIPULATION can’t halt gaping deficits – as in Japan; or more alarmingly, the relentless Chinese selling of U.S. Treasuries that makes an end to QE impossible. Worse yet, each day the Cartel holds PAPER gold and silver below their respective costs of production – much less, objectively calculated “equilibrium levels” many multiples above current prices (go to time stamp 6:45); worldwide PHYSICAL demand will continue to explode. In silver alone, we are seeing RECORD U.S. mint sales of Silver Eagles, RECORD Indian bullion imports (despite every imaginable government effort to quash them), and an utter implosion of inventories on the Shanghai Exchange. Not to mention, U.S. COMEX silver inventories – down 51% since 2009, to just a measly $1 billion worth. It’s only a matter of time before this “Achilles Heel of the Global Financial System” destroys TPTB’s plans; and when it does, you may NEVER get another chance to PROTECT your assets from the hyperinflation guaranteed to envelop the planet…
http://blog.milesfranklin.com/wp-con...-on-Recrod.png
As for today’s primary topic, sometimes “ka” – as Stephen King would call it; or “karma,” to others, is on one’s side. I have been watching the European political, economic, and social situation deteriorate all year; however, somehow its equity markets have risen, demonstrating the temporary power of MONEY PRINTING and MARKET MANIPULATION. However, with today’s news that the Europe’s initial October economic data has sunk back toward recessionary levels, it’s time to refocus on what I stillrank as one of the most likely “black swans” to catalyze the upcoming, catastrophic financial crisis…
http://blog.milesfranklin.com/wp-con.../PMI-Graph.png
Notice how France, the Eurozone’s second largest economy, is already contracting; and given the DISASTER Francois Hollande’s Communist Administration has been, it should be quite clear why I long ago added France to my list of PIIGS. Hence, the PIFIGS. In my view, France is a “Greece waiting to happen”; particularly as its banks are the largest holders of Greek debt.
Greece’s unemployment rate – despite “rising equities” – is now at an ALL-TIME HIGH; and this month, its citizen’s disposable income plunged at an ungodly 9.3% rate. Government debt is exploding, in an economic conflagration so untenable; the European “troika” is already setting the stage for a third Greek bailout. In France, where such a CATASTROPHE would be felt with the equivalent force of Katrina in New Orleans, its clueless establishment is toying with the idea of leaving the Eurozone; and thus, hyper-inflating its debts away – just as John Law unsuccessfully attempted 300 years ago. In the meantime, Hollande appears hell-bent on taxing French citizens into oblivion; which frankly, could cause widespread social unrest at ANY TIME.
Meanwhile, as “Goldman Mario” Draghi this week demanded a framework for “bailing in” dying banks with depositors funds, he simultaneously ordered stringent “stress tests” for hundreds of marginal banks next month; noting he “won’t hesitate” to fail underfunded banks – and presumably, activate draconian remedies such as bail-ins. Presumably, the U.S. Fed will abet the ECB’s attempts to PRINT its way out of trouble – after the bail-ins are instituted, of course. However, as neither the Fed’s “swap facility” nor the ECB “Long Term Refinancing Operations” have improved banks’ solvency one iota – as demonstrated by explodingbad loans; it’s difficult to imagine a new PRINTING scheme accomplishing anything other than heightened INFLATION fears. And now that Europe’s ringleader, Germany, is amidst its own leadership crisis; not to mention, loudly voicing its anger at the Obama Administration regarding NSA spying – it’s not difficult to foresee the emergence of a CATASTROPHIC European financial crisis in the very near future.
In the big scheme of things, the European economic situation has gone from bad to worse to dire since 2008’s Global Meltdown I and 2011’s Global Meltdown II. Only the bluff of Mario Draghi’s “whatever it takes” dogma – plus, unprecedented levels of MONEY PRINTING and MARKET MANIPULATION– have lifted sentiment above the post-crash lows; and in my view, said bluff is about to be called. There is simply NO WAY these nations can survive much longer on smoke and mirrors; as “Economic Mother Nature” has been violated, and likely, will shortly exact her revenge on the manipulators. The Euro may be “stronger” than most currencies due to its broad scope, but it is decidedly NOT the world’s reserve currency; and thus, can unravel at breakneck speed once the ball starts rolling downhill.
For reasons I have written incessantly of for the past five years, I believe the Euro currency is one of the worst disasters in political history. It is on borrowed time at this point, with the PIIGS literally on life support. When the bluff is finally called, which could be in the VERY near future, hundreds of millions of Europeans will be reminded of past hyperinflationary episodes; prompting a stampede from their respective fiat currencies into REAL MONEY. The same will eventually occur worldwide, but due to the unique political issues inherent to the dying European Union, I expect the continental impact to be among the most terrifying.

hi i have long position from 1344 n i put my stoploss 1329

pls correct me

thanks

Gold needs to retrace before it can advance further. Targeting around 1310.

Means I close my position here n short from here for target 1310 am I right ?

Or I wait for long .

It's gotta be your decision. I could be wrong but I would not be taking that chance.

Thanks

sorry not meant for you kiwi

Target revised to 1317.............