I am leaving this station for time being. Thank You Guys who supported. 2017 is huge year for me. New world with greater responsibilities. Gold is always shine. You need to have a great heart to trade gold. We all have this strong heart. My friendly advice. Don't listen to "never". those who say never is not a trader. Don't listen to news, because news is past. Get my big picture for safe trade. There is nothing impossible in GOLD
I placed my physical buy order @1050 and I took next year's physical purchase today @1183. The level to sell physical gold is marked in the chart. Have a great time with GOLD
Kommentare
carpethomeca
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you are absolutely gold guru, admire your analysis.
correct me if i am wrong here.. i want to make every thing short.
the dxy seems following the route of 1997 to 1998 at this price level , possibly the wk of Jan 19,1998 now--the red wk candle bar.
because before the dec rate hike, the market is likely to work the usd down first. 99.00 would be a possibly TP.
this will take 2 weeks time - before dec 14. now here comes to the gold..
as you did not mention this time the first tp of gold in above chart, what i think should be 1249 zone. then as the dxy up again after rate hike, gold should back to 1212 zone.
by then, we are in 2017 already. gold price then bounce up, break the 5 year trend line, to your target 4 zone !!!
much appreciate if you can comment on this. but--'' there is nothing impossible in gold" will be too short..
VRShaiju
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@carpethomeca, The 1st TP 1266 then I am expecting a fall back to 1200 or 1150 depends on how the swing progress. However with current structure we have a target of 1380 again. It can be invalidate any time by future patterns. I should update the revised chart when there is major swing change
Thank you for your response. for me gold 1160 would be this mid term bottom. reached today. next week should start going up.
but if she drops through it nxt wk, i see no immediate recovery at all. will be a long, boring, die hard fight back up. Thanks again for your valuable visionary.
gLloW
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Thanks! 4 is my exact target, that is the right shoulder of a potentially massive H&S pattern.
VRShaiju
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@gLloW, thanks. nice chart. cannot agree with H&S pattern but gold definitely has a target of 900-800. Careful with the upcoming swing which can reach over 1500. Stock should drop hard but not to ground. We should see another higher high after the fall.
correct me if i am wrong here.. i want to make every thing short.
the dxy seems following the route of 1997 to 1998 at this price level , possibly the wk of Jan 19,1998 now--the red wk candle bar.
because before the dec rate hike, the market is likely to work the usd down first. 99.00 would be a possibly TP.
this will take 2 weeks time - before dec 14. now here comes to the gold..
as you did not mention this time the first tp of gold in above chart, what i think should be 1249 zone. then as the dxy up again after rate hike, gold should back to 1212 zone.
by then, we are in 2017 already. gold price then bounce up, break the 5 year trend line, to your target 4 zone !!!
much appreciate if you can comment on this. but--'' there is nothing impossible in gold" will be too short..