Hey Hamza, how you doing mate? Great analysis, very detailed. I believe we are likely to see the bottom of the bigger BROWN channel, since the market has broken and made a daily and weekly close below the previous LL (1142.59). Let's wait and see how this plays out. All the BEST to you :)
Cheers mate, thank you, it is very possible indeed, hence the 2nd scenario, I am so eager to catch this impulse, you know how strong they could be...but definitely good to watch closely and build a solid case for entry. Good luck mate.
Yes, it's definitely exciting, to go long on gold for long term. This could cover up all the losing trades, if anyone had any, and it will give you hefty profit on top of that. I am definitely looking forward to more updates on this from you. Please do keep everyone updated on this. We want to catch this ride with you, LOL :)
Yeah finally i found someone thinks exactly same as me , great forecast Mr. Hamza. I think scenario 2 is more likely. 1500+ by 2016 Q1.
We discussed with some people here about the future pricing. I think , gold is manipulated and overrunned by paper contractors.
So this makes , trading gold extremely unsafe on OTC market. I invested a lot , but only physical buy.
Hey Hamza, how you doing mate? I totally agree with you on that. I think the market will very easily break that pennant and move lower from there. Hope you had a great trading week. Have a GREAT WEEKEND mate :)
Hi mate, thanks for the kind words. Have a good weekend. This week has been characterized by "waiting" for the market to reveal its intentions (typical NFP week). Now that we had that, many trends are about to resume and profit from earlier setups will follow hopefully. Have a good weekend.
Nice, yeah this week was definitely included lots of waiting time. It was lots of uncertainty in the markets this week, especially due to the NFP. Everyone tried to stay on the conservative side. Let's hope that next week brings more good trading opportunities :)