FX:XAUUSD   Gold / U.S. Dollar
2227 29 16
Tomorrow gold             will start to drop 1270 area, then flying will start to go up in progressively, first 1420 then 1485 in this year...
Cizmis oldugunuz teknik resim obo dur ve 2 noktasindan 150 puan asagiya dusmelidir. Kacirdigim baska birsey mi var acaba?
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TANER YILMAZ Teknik_Oyuncu
It doesn not mean, it will break down when the formation finish at point 2. My idea is it wont break down, and firstly go up 150 points ( 3), than retreat to 4 and cont. on flying...
But if it break down at point 2 with closing at least 2 days candle, then yes 150 points down to 1150-1100 area...
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Teknik_Oyuncu TANER YILMAZ
It's ok now. Like you, I donT rely on obos occuring at the end of ascending trends. So in many ways i agree with your trade idea except for the 1270 point. For me the price correction is over with todays low(1340). This idea is valid if we hold over 1336-40 :) good luck and thanks for the idea.
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justatrader PRO TANER YILMAZ
1150 is a very key area... If price goes there, it could indicate a double bottom, being very bullish. The 1150 also comes in at a key Fib level when looked from the monthly TF.
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Very good analysis!
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What is the time frame according to you for GOLD to hit 1270?
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i think on 4th of nov. it happens, but today, FOMC will decide the time... Maybe tomorrow morning, why not?
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Very simple chart which shows some possibility. I will buy the gold at 1270
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if you draw chart like this that mean after 1270 area it must go down around 1050-1100 areas... Do you know OBO formation exactly ??? bad analysis...
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forexlivesignals forexlivesignals
if 1270 comes again, OBO start to work, because it is very strong formation and when price came there all indicators supports OBO formation.. you are saying "it wont work", when ??? indicators dont support formation.... whatever we will see 2 hours later...
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TANER YILMAZ forexlivesignals
I know exactly what head'n shoulders is. I can show you hundred times the formation could not work as happens the other strong formations. Yeah, may be possibility rate is very low but this is just an idea. Even i analyse the indicators can support going down, whether i wrote if 1270 break down, then according to formation it goes 1150 area. As you said lets see. just wait an hour...
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When, daily RSI touch 50, then we should think about short positions !!! it is very simple, if gold go down 1329 and closed then tomorrow it cont. going down or let the other time indicator have rest for awhile to 1344 again...
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if gold keeps itself under 1344 and close daily, it goes down inevitably.
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kerkenez58 TANER YILMAZ
Mr. Taner is the last stop?
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kerkenez58 kerkenez58
1325 1302 1270 ?
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TANER YILMAZ kerkenez58
follow the daily close. it will tell what is going on.
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aloooooooooo
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it going well, but becareful at 14:30... it will hits to 134x, then it cont. going down...
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TANER YILMAZ TANER YILMAZ
:) 14:30 GMT +2... 08:30 in USA...
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potato TANER YILMAZ
Why will it hit 134x at 14:30 ?
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@ 08:30. because Initial Jobless Claims , Continuing Jobless Claims... never mind, it announced and not too bad datas. lets see it starts to hit 134x or not... may be i am wrong... so we cont. with chart idea...
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yunusrk TANER YILMAZ
Where's the tosbaa? I want to show him who is loser!!

Dear Taner , Thanks a lot for your successful analysis....!!
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:)
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item TANER YILMAZ
taner bey thanks
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We own a gold site in Colombia,, and believe me, gold demand its very high, at least for physical gold. By the way we are looking for investors in one site we produce min 3-4 lbs per week of 920 gold .
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snapshot


Gold should avoid itself from H&S...if not, according to formation it will go down to 1150 area ( double deep).

Thus, gold will change its mind, H&S break down and my idea is gold will make another channel ( blue ). If daily and also weekly closed is above 1338 tomorrow, it has possibility to follow new chart... If not again 1323 and 1270...
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TANER BEY ...I wish you success...thank you very much for your comments ...
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