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All Majors and Gold

  • #9,601
  • Feb 6, 2014 10:23pm Feb 6, 2014 10:23pm
Quoting gnomoneey
eur/jpy ab=cd http://www.mql5.com/en/charts/141767...apital-markets gbp/jpy -complete and now retrace? http://www.mql5.com/en/charts/141771...al-markets-pty
GJ, I see this as valid pattern, but we have to watch reaction in the zone of interest.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpyh426.jpg Size: 178 KB
The world you desire can be won. It exists.. it is real.. it is possible..
  • #9,602
  • Feb 7, 2014 5:50am Feb 7, 2014 5:50am
My personal first upside target for GOLD is 1335.49 (from daily data).

I do not know how it will choose to get there, it may (or may not) correct significantly before attempting another shunt upwards.
  • #9,603
  • Feb 7, 2014 5:44pm Feb 7, 2014 5:44pm
Quoting mark_it
My personal first upside target for GOLD is 1335.49 (from daily data). I do not know how it will choose to get there, it may (or may not) correct significantly before attempting another shunt upwards.
mark_it

where have you been....long-time no post here...

nice to see you back

thanks,
G
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  • #9,604
  • Feb 11, 2014 3:01am Feb 11, 2014 3:01am
Quoting hasmukh
{quote} 1274 .20 new high hit today current 1265...i think it will break 1280++++

gold cross 1285

now wait for 1300 +++++ this month

am i right ???????
Good taste is better than bad taste, but bad taste is better than no taste
  • #9,605
  • Feb 11, 2014 5:24am Feb 11, 2014 5:24am
Quoting gnomoneey
gold view GOLD http://www.mql5.com/en/charts/141785...al-markets-pty hmmmmm..... http://www.mql5.com/en/charts/141785...al-markets-pty

update


http://www.mql5.com/en/charts/143762...al-markets-pty
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  • #9,606
  • Feb 12, 2014 6:40pm Feb 12, 2014 6:40pm
gu

[6:16:18 PM] gno moneey: double bar low higher close on monthly
[6:22:28 PM] gno moneey: scott is this correct?
[6:22:31 PM] gno moneey: http://www.mql5.com/en/charts/144759...al-markets-pty
[6:25:40 PM] gno moneey: http://www.mql5.com/en/charts/144761...al-markets-pty
[6:47:30 PM] gno moneey: resistance 1.6748 and then 1.7042
[6:48:12 PM] gno moneey: target 1.7348
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  • #9,607
  • Feb 12, 2014 10:01pm Feb 12, 2014 10:01pm
Quoting gnomoneey
gu [6:16:18 PM] gno moneey: double bar low higher close on monthly [6:22:28 PM] gno moneey: scott is this correct? [6:22:31 PM] gno moneey: http://www.mql5.com/en/charts/144759...al-markets-pty [6:25:40 PM] gno moneey: http://www.mql5.com/en/charts/144761...al-markets-pty [6:47:30 PM] gno moneey: resistance 1.6748 and then 1.7042 [6:48:12 PM] gno moneey: target 1.7348
Very good G. Not perfect as your C violated X, but 61.8 or 88.6 gets you 161.8 and there is also 2.618 and 3.618 confluence there. I think it is a reasonable way to look for targets and it complies with supply area.
The world you desire can be won. It exists.. it is real.. it is possible..
  • #9,608
  • Feb 14, 2014 6:11am Feb 14, 2014 6:11am
Quoting hasmukh
{quote} gold cross 1285 now wait for 1300 +++++ this month am i right ???????
new high of gold 1319 ........if today gold closing above 1310 then next week can see 1350 ++++++ if don't then can see again 1265.....

but who knows what will happen? lets see................
Good taste is better than bad taste, but bad taste is better than no taste
  • #9,609
  • Feb 14, 2014 6:19am Feb 14, 2014 6:19am
Quoting gnomoneey
{quote} update http://www.mql5.com/en/charts/143762...al-markets-pty
update

http://www.mql5.com/en/charts/145635...al-markets-pty
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  • #9,610
  • Feb 14, 2014 9:47am Feb 14, 2014 9:47am
Quoting gnomoneey
{quote} update http://www.mql5.com/en/charts/145635...al-markets-pty
why u so gud . .
  • #9,611
  • Edited 1:04pm Feb 14, 2014 12:20pm | Edited 1:04pm
Quoting gnomoneey
{quote} update http://www.mql5.com/en/charts/145635...al-markets-pty
very complex diagram not saying is wrong, just is so full of line looks like an abstract painting.
-------------------

To me, the only relevant information I can get from PA is that the break-out of the descending triangle. As it is known, a descending triangle tends to break downward, but if it does the opposite means it is a failure, most likely because we are in a bullish market(on weekly/monthly TFs). Only in bullish markets a descending triangle tends to break upwards. According to the statistics, the upward break of a descending triangle tends to be the most profitable one (actually Bulkowski wrote a lot about it). We can see that in stocks, as I mainly traded stocks lately.
So, all in all, the set-up is very good for gols. Commodities in general perfomed well lately, coffee was one of the best.
I plan to enter a long position whenever there is a pause in this upward movement. Let's have a look at COT reports, as well.
Not saying I am wright, just mentioning the pleasure to trade such set-up.
Best to you, all.

By the way, what happened to the deflation thing? Any news?
Attached Image (click to enlarge)
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  • #9,612
  • Feb 14, 2014 1:15pm Feb 14, 2014 1:15pm
Quoting tsorin
{quote} very complex diagram not saying is wrong, just is so full of line looks like an abstract painting. ------------------- To me, the only relevant information I can get from PA is that the break-out of the descending triangle. As it is known, a descending triangle tends to break downward, but if it does the opposite means it is a failure, most likely because we are in a bullish market(on weekly/monthly TFs). Only in bullish markets a descending triangle tends to break upwards. According to the statistics, the upward break of a descending...

http://www.marketwatch.com/story/cen...me_latest_news

Inflation expectations are exploding. People simply don't trust central banks anymore because they keep shifting the goalposts.

But this is obviously good for precious metals.
"Where you want to be is always in control, never wishing, always trading.
  • #9,613
  • Feb 14, 2014 1:29pm Feb 14, 2014 1:29pm
Quoting Spec_And
{quote} http://www.marketwatch.com/story/cen...me_latest_news Inflation expectations are exploding. People simply don't trust central banks anymore because they keep shifting the goalposts. But this is obviously good for precious metals.
that's why I was asking...but nevertheless, look at the EUR and GBP, people move from one currency to another.
I think there is space for gold to go up, at least when looking at the USDJPY, if it goes to 98 or so. Anyways, strong EUR and GBP is so bad, are they are going to debase or not? 0.5% IR, BoE nowadays, seems awfull, when looking at the BoJ of BCE
  • #9,614
  • Edited 5:08pm Feb 14, 2014 4:44pm | Edited 5:08pm
Quoting tsorin
{quote} very complex diagram not saying is wrong, just is so full of line looks like an abstract painting. ------------------- To me, the only relevant information I can get from PA is that the break-out of the descending triangle. As it is known, a descending triangle tends to break downward, but if it does the opposite means it is a failure, most likely because we are in a bullish market(on weekly/monthly TFs). Only in bullish markets a descending triangle tends to break upwards. According to the statistics, the upward break of a descending...
here you go I will break it down for you......

long time trend line....
-this is base of everything your top aqua tl is your downward tl 'zero' point....it will attract price when near and will eventually touch
-lower aqua trend line is your bullish tl 'zero' point.
Attached Image (click to enlarge)
Click to Enlarge Name: xauusdfeb14w1tllongtime.png Size: 92 KB



then I looked at the fib retracement after drop to first 1180
Attached Image (click to enlarge)
Click to Enlarge Name: xauusdfeb14w1fib1180.png Size: 99 KB


then I add on more trendline as price was dropping from 09/2012
-red downward tl
again these are used for potential bullish targets and Support and resistance points for future
Attached Image (click to enlarge)
Click to Enlarge Name: xauusdfeb14w1redbullishtargetsandresistance.png Size: 106 KB


now the fun part of TA...prediction
-not an expert of HEW but learning
Attached Image (click to enlarge)
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now predicting what may happen with HEW
-my very novice way of drawing targets, that I feel will hit, due confluences of those aqua and red tl
-with ab=cd possibilities I predict potential downward target after this current upward trend
Attached Image (click to enlarge)
Click to Enlarge Name: xauusdfeb14w1abcd.png Size: 115 KB


now this is the diagram I posted....similar as I re-done this one from scratch.....
Attached Image (click to enlarge)
Click to Enlarge Name: xauusdfeb14w1fulldiagram.png Size: 115 KB


hope you understand now....

thanks,

G
Wooooohooooo or Boooooohooooo
  • #9,615
  • Feb 14, 2014 6:53pm Feb 14, 2014 6:53pm
Quoting gnomoneey
{quote} here you go I will break it down for you...... long time trend line.... -this is base of everything your top aqua tl is your downward tl 'zero' point....it will attract price when near and will eventually touch -lower aqua trend line is your bullish tl 'zero' point. {image} then I looked at the fib retracement after drop to first 1180 {image} then I add on more trendline as price was dropping from 09/2012 -red downward tl again these are used for potential bullish targets and Support and resistance points for future {image} now the fun part...
The world you desire can be won. It exists.. it is real.. it is possible..
  • #9,616
  • Feb 14, 2014 7:03pm Feb 14, 2014 7:03pm
Lovely , Thanks G

Quoting gnomoneey
{quote} here you go I will break it down for you...... long time trend line.... -this is base of everything your top aqua tl is your downward tl 'zero' point....it will attract price when near and will eventually touch -lower aqua trend line is your bullish tl 'zero' point. {image} then I looked at the fib retracement after drop to first 1180 {image} then I add on more trendline as price was dropping from 09/2012 -red downward tl again these are used for potential bullish targets and Support and resistance points for future {image} now the fun part...
  • #9,617
  • Feb 14, 2014 7:42pm Feb 14, 2014 7:42pm
[quote=gnomoneey; now this is the diagram I posted....similar as I re-done this one from scratch..... {image} hope you understand now.... thanks, G[/quote]
G, you're genius dude..., thank you for sharing...
  • #9,618
  • Feb 14, 2014 8:23pm Feb 14, 2014 8:23pm
Quoting gnomoneey
{quote} here you go I will break it down for you...... long time trend line.... -this is base of everything your top aqua tl is your downward tl 'zero' point....it will attract price when near and will eventually touch -lower aqua trend line is your bullish tl 'zero' point. {image} then I looked at the fib retracement after drop to first 1180 {image} then I add on more trendline as price was dropping from 09/2012 -red downward tl again these are used for potential bullish targets and Support and resistance points for future {image} now the fun part...
So, G, seems that gold often adheres to 88.6. Here is one from the past that worked great. IMO, it has played out and should fail as per your chart. Seems that we got participation at 1294 as discussed, and target was overshot. So, now? Looks like bring it up to crash it down. We will wait for clues.
Attached Image (click to enlarge)
Click to Enlarge Name: xauusdweekly214.jpg Size: 181 KB
The world you desire can be won. It exists.. it is real.. it is possible..
  • #9,619
  • Feb 14, 2014 8:25pm Feb 14, 2014 8:25pm
Quoting gnomoneey
{quote} here you go I will break it down for you...... long time trend line.... -this is base of everything your top aqua tl is your downward tl 'zero' point....it will attract price when near and will eventually touch -lower aqua trend line is your bullish tl 'zero' point. {image} then I looked at the fib retracement after drop to first 1180 {image} then I add on more trendline as price was dropping from 09/2012 -red downward tl again these are used for potential bullish targets and Support and resistance points for future {image} now the fun part...
G your prediction indicates gold will make a new low starting next week?
  • #9,620
  • Feb 14, 2014 10:06pm Feb 14, 2014 10:06pm
Quoting trexy123
{quote} G your prediction indicates gold will make a new low starting next week?




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