GcNaif

Year to Date analysis of Gold for 2016

FX:XAUUSD   Gold / U.S. Dollar
4112 49 155
Gold             Year To Date Analysis-2016

Quarter 1: Low/High - 1061/1284
Quarter 2: Low/High - 1199/1356
Quarter 3: Low/High - 1301/1375
Quarter 4: Low/High - 1203/1336 ( not done yet)

Gold             started the year with bullish tone during first quarter and continued it bullish momentum in Quarter 2 . In Quarter 3 it did make a new high but could not maintain its bullish momentum and started retracing , which continued the whole quarter 3 and its still retracing in Quarter 4 as well. so far gold             has retraced little more than 50% of its entire year move from 1061-1375. We have one more month left to finish the quarter 4 and I am expecting it to finish the Q4 and year with at least 75% of retrace of this year's move which is landing around 1140.

Note: i rounded the numbers for high n low.
Trade active: 3 shorts are active from 122x area
Comment: 2016 Quarter 2 low at 1199.22 was broken yesterday and today it breached the 50% move of Q1 at 1173. ,so far so good, moving as expected
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Comment: right on ...target reached as expected
Comment: This is one of the best analysis i have done in my trading career.Thank you everyone for supporting my charts n analysis
Comment: retest of 1140 is in progress
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I am a Chart Slave.Thank you TradingView and @nmike.
don't you think it looks oversold at this point?
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@faronf, when its trending it can be OB and OS area for a while
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I expect it will end where it started the year. 1061. The US dollar is going sky rocket, So the Gold has to get cheaper.
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@saif12, to far for that ,but anything is possible
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hi ,that is excellent, i enjoy this chart.i think end point is 1130.you be succefull
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GcNaif MOD ahmt_moat
@ahmt_moat, thanks Ahmt
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homerun!
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GcNaif MOD TheBanker
@TheBanker, thanks
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Great working seems a high around 1235-1240 then again a big drop
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GcNaif MOD Salmanmemon786
@Salmanmemon786, Thankyou
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showerreport Salmanmemon786
@Salmanmemon786, correct. This was a harsh correction but not the last one ... then we will move to your side 1240. Then by end Jan Feb againa big drop but at that time .. bigger ---- to 900 by June. Then again to 1800 or 2000 which will take a couple of years.
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Good chart sir! Very much agree
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@OncleJer, thanks
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Good trade my friend. I tried to go long and got hit.
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@BoonHooi, thanks Boon, hope you n terry are doing great.
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Great calls GC!!!. Consistency all along in your charts.
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@Kautilya, Thanks mate
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I thought of windup all my long position and enter fresh short since the price may go below 1100. After reading your great ideas and seeing the past performance, i changed my mind. I will hold my long positions. Thank you brother.
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GcNaif MOD adidasanlal
@adidasanlal, thanks
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gaptraderhq PRO adidasanlal
@adidasanlal, Are you still holding your Longs? I have way to many. I have a large account in serious trouble ;o( Thoughts on levels?
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wonderful job
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GcNaif MOD BernhardAnalytics
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nice you nailed it.
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GcNaif MOD WalterWhitesMoney
@WalterWhitesMoney, thanks,even you nailed it
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hot damn, where's the turning point master?
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GcNaif MOD mamamamax
@mamamamax, soon maybe,lets see
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very well done GcNaif.
Now the ? is can we set a low for 2016-2017.
100% looks nice!
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GcNaif MOD Iskandarglenn
@Iskandarglenn, thanks mate
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@GcNaif ... so when can we go long... As I have ALOT of the bloody things ;o(
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GcNaif MOD gaptraderhq
@gaptraderhq, i dont see any weakness in bear momentum for now. but i feel we are close, i am a day trader n i follow charts so nothing on it for now. i will publish if i find one
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@GcNaif, Cheers buddy. Great charts above by the way... Awesome.
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Congrate ! @GcNaif
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GcNaif MOD Theterran
@Theterran, thanks
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Awesome man. If the price drops to 1130, will you short it to 1050? :(
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GcNaif MOD al.calgary
@al.calgary, thanks Al
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Nice work GC boss!! Great analysis and great trades along the way. Congrats but also a big thanks!!!
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GcNaif MOD AlphaDreams
@AlphaDreams, thanks you are welcome Alpha
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congrats.. nice work! :) tx for sharing.
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GcNaif MOD webmiztriz
@webmiztriz, thanks, my pleasure web
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Great analyse :-)
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@Zarko, thanks Zarko
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Great job GC, you are by far one of the best analysts I've met on TV, Keep it up~~
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@Cornhub, thanks corn
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It is not over yet. A much bigger one is coming. Do not go long, unless you have a fortune and want to lose them.
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@saif12, what levels are you thinking?
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saif12 PRO gaptraderhq
@gaptraderhq, Hello my friend, I am not a day trader, so I do not chase swings, but Trends. I posted a target of 1080 in my chart posted in September, but now I think it will be much much lower. 850-950.
Good luck, and sorry to hear that you stuck in Long.
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@saif12, Thankyou appreciate the reply... levels of 850-950 Im whipped out ;o( Oh well lets pray. Cheers
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saif12 PRO gaptraderhq
@gaptraderhq, My advice, Next week there will be some recovery, I would say Wednesday or Thursday, to sell Half your you position to minimize the risk. Of course it is your decision, but If I were you I will not keep waiting a full recovery. It happened to me in the past, I know it hurts, but you may wait several months if not years for full recovery.
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@saif12, Thankyou for the advice & thoughts. I'll see if I can hold until then. Hopefully there is a small recovery for some breathing space!!!
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