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Gold finished its 4th bullish uptrend by 2431, and retraced down to 2291 where is the position of Fibo50.0%, and is also the supporting area of 4H. Mid-BollingerBands 2305 need to be retested next week to choose the direction from there, either breaks down to 2255, 2200, or starts the 5th bullish uptrend move upto 2500, 2540. 1st support: 2305 2nd support:...

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As I've mentioned many times early before, gold bullish is making the 4th weekly uptrend move. After weekly retracement in the next couple of weeks, gold will break 2400 up to 2480 to make the 5th uptrend move. 1st support: 2270. 1st bullish target: 2399 (Fibo176.4%) 2nd bullish target: 2440 (Fibo188.6%) 3rd bullish target: 2480 (Fibo200.0%) Our long-term...

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Gold soared to record high of 2265, targetting 2270, 2310, 2350 with relative positions of Fibo. Long-term bullish is still taking the 4th uptrend move, and will be stopped by this week or early next week after NFP. A weekly retracement will happen next week. No bullish chasing next week! 1st support: 2225. 2nd support: 2200. 1st target: 2270. 2nd target:...

alanchin

Gold bullish is still making the 4th weekly and daily uptrend move. Since 2195 has been broken through, buying orders should be opened at every lower position from 2180-2185, waiting for new top. Bullish trend will be finished after the 5th uptrend move. There are still two new tops above 2223! Long-term selling orders could only be opened after two new tops. We...

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Gold supported by 2165-2170 which is the hourly support position. If gold stopped by 2195 which is the right shoulder, bearish trend will start from there. Otherwise, gold bullish top will be at 2270 or 2310. In My opinion, long-term bullish trend is making the 4th uptrend move on weekly and daily chart. In most cases, bullish trend can only reverse after the...

alanchin

Gold temperarily hold the suport position at 2160-2163. If 2195 which may be right shoulder will not break through, bearish trend will start from there. Otherwise, new bullish top will be at 2270 or 2310. Long-term bearish trend will start soon from any new top. Now, we are holding buying orders of 1986, 1990, and selling orders of 2210, 2185, 2180. Let's see...

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Gold had an unexpected retracement yesterday, broke through the support 2190. We opened a short-term selling orders at 2210 yesterday and selling orders at 2185 today, waiting for breaking out 2145-2180. * Critical support: 2145 * Critical resistance: 2175 Long-term bearish trend will be confirmed after 2145 break down.

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Gold successfully reached the target 2223 where is the extended Fibo123.6%, and is making the 4th uptrend weekly move. Final bullish trend will stop after the 5th weekly uptrend move. That may after 5-6 weeks later. * 1st support: 2190-2195. * 1st resistance: 2270-2275 (Fibo138.2%) 2nd resistance: 2310-2315 (Fibo150%) 3rd resistance: 2350-2355...

alanchin

Gold reached our first retracement target at 2146. Critical support position 2145. Critical resistance position: 2165.

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Selling orders opened at 2176 and 2170 are taking profit. Buying orders opened at 2155 closed at 2164. Keep buying and selling untill final target 2095!

alanchin

Gold will go down to 2155, 2140-2145. 2095 will be reached if 2140 breaks through. We have opened selling orders at 2175. waiting for the retracement target. * Bull & bear boundary: 2090

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Retracement will reaches 2145, 2085-2090. Bull & bear boundary: 2085.

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The 3rd uptrend move is on going on weekly chart. Target: 2225-2230 (Fibo123.6%) 2270-2275 (Fibo138.2%) 2310-2315 (Fibo150.0%) Where long-term bullish move will stop? The answer is here!

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We've prepared selling orders at 2225-2230 with the same amount of buying orders we are holding. Let's see the result for next Monday morning!

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2150 broken. Our buying orders opened at 1986 and 1990 are taking great profit. Let's wait for the next target at 2225-2230. * Take profist by every 10-14 retracement for your selling orders before final target reaches. * Try buying orders at the position of every 10-14 retracement. As I've mentioned many times before: 1. Don't expect too much profit in...

alanchin Updated 

Gold precisely reached the 1st resistance area. Since the gold is in over-bought pattern, we opened small amount of selling orders at 1949, with SL above 2151. We are still holding buying orders opened at 1986 and 1990 for the broken through of 2150 and the bullish target: 2225-2230. Let's see the result!

alanchin

Gold is almost reaching the former top position. No bullish chasing near there. After a couple of days retracement, 2150 will be broken through to reach the target 2225-2230. Count how much profit we made from our buying orders opened at 1986, 1990. Don't try to trade against the bullish trendance before it finishes. Let's see the result by the chart!

alanchin

Gold is near resistance at 2090. Retracement may happen. Expecting support area 2060-2065.