chartwatchers
Long

Gold - Ready to run

FX:XAUUSD   Gold/U.S. Dollar
3359 33 56
It seems Brainard has pulled the trigger for the USD collapse and gold             is finally ready to run.
Divergencies on the hourly chart at every indicators....
We also printed a key reversal on the hourly chart.
Oooooh Gold.. Like a cruel mistress, she sure likes to tease :') I blame the dollar. Either way.. I'm starting to like Gold on a 4 hour chart and that cute little inverse H&S?! To die for!

snapshot
+1 Reply
I used the wrong reply link for the same message above so I apologize for the repost:

Apri, can I ask you about a favour. Would you please be able using the cycle analysis (which you seem to be using a lot and good at) to better pinpoint Gold's bottom between now and next Wed? I'm sure it'll help the whole gold bugs community here.
+2 Reply
Any concerns with the long term moving averages acting as resistance above the current price?
Reply
VirtualFax shaggie
It's a few more days not ready.

Apri, can I ask you about a favour. Would you please be able using the cycle analysis (which you seem to be using a lot and good at) to better pinpoint Gold's bottom between now and next Wed? I'm sure it'll help the whole gold bugs community here.
Reply
On the current cycle with the end of August the last bottom the next top is due around the 1st week (3rd - 7th ish) October with the bottom coming in at around the beginning of November end of October. Sometimes they come in early or late but they do come in.
Reply
lbg01 PRO mrtommifunn
Hello, where can I learn all this cycle theory / methodology. New to me but highly interested
Thanks
Reply
VirtualFax mrtommifunn
Thanks, this is useful info for sure. But what I actually meant in my post is to pinpoint the Gold's very bottom between now and next Wed(nesday), Sep 21st.
Reply
The true bottom is 1302. Though a lower trend line will need to be broken to get there. I believe there is a good chance of this happening once the FED start speaking (it will happen very quickly) and then there will be a huge pullback. This will in turn knock out alot of traders SL and put money into the market for the long . There will be a spike and a good SL may be required to ride it out.
Reply
VirtualFax mrtommifunn
I would speculate that the bottom will be reached before or by Mon EOD and by the time of the speech, though wild movements are expected, Gold will already be a healthy margin away from the bottom.
Reply
i hope your right
Reply
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out