GcNaif

Year to Date analysis of Gold for 2016

FX:XAUUSD   Gold/U.S. Dollar
2650 16 95
20 days ago
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.
17 days ago
Trade active: 3 shorts are active from 122x area
16 days ago
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
snapshot
I am a Chart Slave.Thank you TradingView and @nmike.
faronf
20 days ago
don't you think it looks oversold at this point?
Reply
GcNaif MOD faronf
16 days ago
@faronf, when its trending it can be OB and OS area for a while
+1 Reply
saif12 PRO
20 days ago
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.
Reply
GcNaif MOD saif12
16 days ago
@saif12, to far for that ,but anything is possible
Reply
ahmt_moat
19 days ago
hi ,that is excellent, i enjoy this chart.i think end point is 1130.you be succefull
Reply
GcNaif MOD ahmt_moat
16 days ago
@ahmt_moat, thanks Ahmt
Reply
TheBanker PRO
19 days ago
homerun!
Reply
GcNaif MOD TheBanker
16 days ago
@TheBanker, thanks
Reply
Salmanmemon786
19 days ago
Great working seems a high around 1235-1240 then again a big drop
Reply
GcNaif MOD Salmanmemon786
16 days ago
@Salmanmemon786, Thankyou
Reply
OncleJer PRO
17 days ago
Good chart sir! Very much agree
snapshot
Reply
GcNaif MOD OncleJer
16 days ago
@OncleJer, thanks
Reply
BoonHooi
13 days ago
Good trade my friend. I tried to go long and got hit.
Reply
GcNaif MOD BoonHooi
13 days ago
@BoonHooi, thanks Boon, hope you n terry are doing great.
Reply
Great calls GC!!!. Consistency all along in your charts.
Reply
GcNaif MOD Kautilya
a day ago
@Kautilya, Thanks mate
Reply
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