the gold has been heading up and up and we have had 3 attempts at breaking 1235.5 (ish) with all 3 attempts failing. I have waited for candlestick going in the downward direction and am entering into a short trade heading for a target of 1220
Once again I am looking at the weekly chart for gold which is oversold and close to very strong support around $1,190 - $1,210.
Of course the price action during the last 18 weeks has been disappointing but there is still a good chance that this is the typical deep retracement after the first up-leg in this new bull-market. In the next step gold needs to break the...
Check out this Elliot Wave driven technical analysis punt from me.
Gold has a lovely growing rolling pyramid structure that is generated mostly through particular price and event patterns.
Simple LONG hold here. Buy big or go home. Hold long or mess about stepping in and out.
Easy profitable trade IMO.
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Moving forwards we will see no doubt a large accumalitive growth pattern with GOLD. Uncertainty is king remember. Trade re-negotiation deals are coming. Scottish and Irish...
Janet Yellen, you are a total fool.
Mario the ECB is a joke.
Camoron? Enough said.....
QE has failed. Fear is back to stay. GBP is down in the basement and not coming out for some time.
There is only one place to be right now. That is, if you want to profit.
Tired of getting margin calls? Liquidity issues?
Lack of results? Consistentcy?
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