September 18, 2014

GOLD Trend update

BACK AFTER A LONG BREAK. SHIFTED TO A NEW HOUSE. TOOK SOME TIME TO HAVE THINGS IN PLACE. STARTING OFF WITH THE GOLD CHART TODAY. HOPING TO UPDATE CHARTS REGULARLY AS BEFORE.
  • Gold is trading below crucial support levels like 1270 and 1240's.
  • Second chart shows price below crucial moving averages. Pressure on gold bulls till it stays below 20 SMA. Hope for a bigger pull back only if price moves above it.
  • 4 Hour chart too shows strong trend favoring gold bears.
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9 comments:

  1. The bears HATE this market, keep trying to get the top, but FED keep injecting money, just not so much as they were before. We are still going up. This is one scary chart.

    Check out this scary chart ===> http://bit.ly/1fMcakI

    Basically the way you look at this, it means, we keep going up on the market, every time there is an injection of money by teh fed. Do you love it? can you smell the top? welll.... I dunno, but if you are smelling something, it smell like more verbal diareha about the fed, and how they are ramping this market, before the death crash like 2008 is coming.

    Remember how everyone got tricked into that con job. The market goes andn crashes every 7 years from 2000 so that means things will get very interesting in the next sevearl years.

    ReplyDelete
  2. It's deflation which is clearly indicated by USD raise, but there'll be one final peak of Gold to 2000+levels from lows say 1180+/-.

    After that USD raises to peak smashing all asset classes.

    After all Markets cycles !!!

    ReplyDelete
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  4. Epic Research's update about precious metals for today says that Gold trading range for the day is 26337-26745.

    ReplyDelete
  5. 4 Hour chart too shows strong trend favoring gold bulls.

    bulls to be replaced by bears

    ReplyDelete
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