GOLD GOLD GOLD.....

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Gold / U.S. Dollar (FX:XAUUSD)

FX:XAUUSD Gold / U.S. Dollar

FIRST GOLD WILL PULL BACK THEN IT WILL HIT.......

PULL BACK COULD BE TILL 1328 OR 1309......

WE REACHED THE DANGER AREA....IF GOLD CAN BREAK THROUGH THE 1362-1365 THEN IT WILL RISE AS SHOWN AT THIS CHART:

OR THIS ONE

(MORE CONFIDENT)

BUT TO BE HONEST I EXPECT THAT IT WILL GO DOWN AND GO BACK UP ON WEDNESDAY (After the bath home data, gold had to reach 1365-1370 in a faster tempo......)

Serkan G

I assume Consumer Confidence (Oct) will not be good so, XAU will go up but limited so as you wrote the above in order to XAU to go down(pull back 1328) then we should place sell after consumer confidence data, right?

alex.a

DON'T FORGET THE FOMC MEMBERS....THEY ARE IN MEETING BUT WILL MAKE SOME DECLARATIONS DURING THE DAY......THAT'S WHY DATA DOES'T MATHER NOW, JUST TWO ADP AND CORE CPI OF TOMORROW.....THEY SHOULD BE BAD AND WILL GIVE GOLD A FIRST CLAAS TICKET TO THE SKY AND THE FOMC STATEMENT THE SECOND TICKET...

Serkan G

So, you are telling me that forget this little momentum of downward???

alex.a

AS LONG AS IT STAYS ABOVE 1347 DONT PANIC KEEP THE GOLD AND SELL IT TOMORROW BEFORE CLOSING TIME

Serkan G

keep the buy and take profit (=clear position) tomorrow before closing time??

alex.a

SHOULD BE.....BUT DURING TOMORROW IT COULD BE VERY VOLATILITY

Serkan G

I have a sell 1342.45 and buy 1346.81 the same lots. How do you think I should clear this?

alex.a

SELL OK BUT BUY SHOULD 1350

Serkan G

What does it mean sell ok ? It means I should take profit today downturn? and Also, what does it mean buy should 1350. ??

alex.a

AT 1350 YOU SHOULD GIVE ORDER TO BUY AGAIN........(if gold will not go down as i mentioned befor 1328) but on the other hand you should sell your gold if 1345-1347 brakes.

Serkan G

1) If it hits up, so it goes above 1350, how far do you see? Also, if it breaks 1347, how far do you see it will go down? 2) I see DXY is halting to go down as you mentioned. Serkan, I must say I am deeply impressed. Really impressed.

alex.a

1.1395-1388
2.1328 or 1309

Serkan G

DXY fell below the trend line ~ but Gold isn't moving much...

Serkan G

Don't ask me why I got this because it was the human error, I didn't clear the sell stop - and after toilet it was ...

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