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Thread: GOLD

  1. #251
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    Gold - Jan. 15, 2014 (EWI)

    Thus far the pullback from yesterday's [Gold] high at $1255.66 (Jan. 14) is smaller than the prior pullback (from $1248.75 to $1218.11) and remains above the January 8 low ($1218.11). So the potential that we discussed Monday remains intact. The rally from the $1184.23 low on December 31 may be labeled as Minor wave 4, which is tracing out a zigzag (see text, p.42), labeled "a-b-c." One strong target area remains at $1273-$1283. If prices decline below $1218.11, the "b" wave low of the pattern, it would suggest that Minor wave 4 was complete and Minor wave 5 down to new lows had started. Another possibility is that the December 31 low marks the bottom of wave B of (4), as shown by the wave labels on the weekly chart. In this scenario, prices will carry to at least $1300-$1350 as Minor wave C up develops. A decline through $1218.11 would greatly diminish the probabilities toward this interpretation.





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  3. #252
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    GOLD


    Gold in ranges below $1245.00 the price of the ounce of gold is moving since Thursday Asian session with the resistance is at 1245 and the support at 1235.


    On a weekly basis Gold is headed toward a small decline of less than $5; if it holds at current levels it would be the first weekly loss after rising in the previous three, suggesting that the rally from $1,180.50 (December 30 low) could be running out of steam.


    Gold key Levels:


    Above $1,245 the upside could gain momentum and turn attention into $1,255.05 where weekly highs lie. If it breaks higher it would be trading at monthly highs; the next resistance then comes around $1,268, near December highs.


    To the downside, if the support at $1,235 is broken, a test of $1,230 could be expected. Below support levels might lie at $1,226 and $1,219.




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  5. #253
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    Quote Originally Posted by Rebels View Post
    ID 67
    Symbol Gold
    Action Buy
    Price 1242
    TP1 1251 (90 Pips)
    TP2 1260 (180 Pips)
    Expected 1250 (80 Pips)
    SL 1237 (50 Pips)
    Date 1/16/2014
    Time 9:36 AM
    Grade 81
    RR 1.8--3.6
    MaxTimeToTP 433 Min
    ID67
    Hitting TP1(+90 Pips)

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  7. #254
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    On the daily TF, we were observing a bullish growth from the lower channel line after having the harmonic pattern being formed. As it continues we will have a bullish bias if the upper channel line strongly is broken higher around $1267.


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  9. #255
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    Gold - Jan. 17, 2014 (EWI)






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  11. #256
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    GOLD weekly Jan20 to Jan24


    Gold currently consolidating below the key resistance level.


    The Spot Gold market has surged higher since bouncing off key support down near $1182.00 back on December 31st. The market is currently trading just below the key resistance zone up near $1255.00 - $1267.00.


    What happens at this key resistance zone this week will be critical; if the market stalls and puts in a price action reversal signal here, we could see another leg to the downside.


    However, if the market remains buoyant and breaks up through this resistance, we could be looking at a continuation of the recent bullish surge.




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  13. #257
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    At the beginning of trading, the value of the ounce of goldjumped to $1,262 reaching the strongest level since December 12, but quickly retreated to levels around $1,255. Currently trades at $1,255, $3 above Friday's closing price.


    Last week finished with a small gain but far from the lows. The metal found support last week at $1,235 and rebounded, accelerating to the upside on Friday, after breaking a short-term resistance at $1,245.


    Early in Asia, price rose above the import area around $1,255 and soared, but pulled back afterwards.Before the release of economic data from China gold was trading at $1,257 and moved slightly to the downside after the reports.





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  15. #258
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    Quote Originally Posted by Rebels View Post
    ID 67
    Symbol Gold
    Action Buy
    Price 1242
    TP1 1251 (90 Pips)
    TP2 1260 (180 Pips)
    Expected 1250 (80 Pips)
    SL 1237 (50 Pips)
    Date 1/16/2014
    Time 9:36 AM
    Grade 81
    RR 1.8--3.6
    MaxTimeToTP 433 Min
    ID67
    Hitting TP2(+180 Pips)

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  17. #259
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    Gold achieves some gains 20/01/2014



    Gold price shows positive trading approaching from the bearish channel’s resistance which forms the first main target at 1267.00, while breaching above it will extend the gains towards 1300.00, noticing that stochastic shows negative signals that might hinders the price rise.

    In general, the intraday bullish bias will be suggested depending on the bullish channel that appears in the image and the support coming from the EMA50, conditioned by stability above 1241.00 and 1235.00 levels.

    Expected trading range for today is between: 1240.00 support and 1275.00 resistance.

    Expected trend for today: Bullish

  18. #260
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    Gold Weekly Technical Report 20-24/1/2014



    The price managed to trade above 1250.85 indicating further bullishness this week. The expected upside move will result from the bullish harmonic AB=CD Pattern, whereas stability above the first target of it represented in 1250.85 at 38.2% correction of CD Leg of the harmonic pattern strengthen the possibility of extending the upside move towards 1293.15 levels that represents the second target of the pattern at 61.8% correction.



    Of note, stability above 1224.70 is significant to confirm the upside move and to keep Linear Regression Indicators and RSI positive.

  19. ARIONFORXtarder
 

 
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