Gold Ultra Pivotal

FX:XAUUSD   Gold / U.S. Dollar
493 7 6

Perfection advocates a move to 900 for mega buy.

Perfection is not often provided and when provided, the pattern is more likely to fail (which would mean gold             at 600).

Another type of failure is non completion: here non completion would mean a long lasting move up from here.

I have no clue here, just back to facts:
- Above 1240: potentially out of the hoods.
- Below 1110: Trend follow through confirmation.

I am personally trying long but could be wrong.
Yes it's very interesting isn't it? Everyone knows the price will go up at some point. I can't see buyers of the actual metal waiting for 900, and personally I would be happy to buy at this level. The last two asian sessions have seen buyers. As you rightly point out "Ultra Pivotal" I would like to see the price above 1224 though. The cynic in me wonders about the Swiss in particular. Although their referendum voted against hoarding gold, they subsequently unpegged the Swissie/Euro so I feel gold has to feature in their plans against a weakening Euro. Some see QE as a delicious meal ticket, but I would point out that this experiment has yet to resolve. When it does, and I am not saying this will happen, there could be a nasty dose of inflation. It would be in the Lotus Eaters' interest to buy the yellow at the most advantageous price having duped everyone into selling wereupon they launch a massive buying spree! Ergo Bitcoin.
+1 Reply
Hi YaKa , I wouldn´t buy until it shows signs of life. Right now the market is heavy and the most probably direction is down . Abobe 1180 I would reconsider scenario

+1 Reply
YaKa PRO Realisto_FX
Good line JPO.
Tactical strategy is a question of taste and money management.
You may be right...
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oh no, again a very bad analysis... tu devrais arreter tes analyses mec.. franchement c'est purement n'importe quoi comme dhab, tu te trompes...
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YaKa PRO jeremyb
Jeremyb, You probably got abused as a child. I am really sorry but this does not excuse your behaviour on the net. Go fix your pscychological issues elsewhere.

1) You act anonymously - You are a Coward. Go buy a pair of balls.
2) More than 500 people follow me - you must be jealous and if you were bright, you would have more than 10 followers.
3) I may be right or wrong on any post. It does not matter. There is a consistent process and my method/sizing has tolerance for 2/3% leeway when i am looking for 5/10% swing. But with you we are beyond the intellectual debate. You are far too stupid for anybody decent entertaining a dialogue.
3) You are useless - Post your work if it is of quality. Which you dont do and the little you did was of poor performance.
4) I am not your mother but learn etiquette: dont go make silly comments on other people work. If you believe in something post your chart with your conclusion. Period.
5) All your messages scream the same thing: you keep reading me, you love my work or you are sick. Period.

Conclusion: shut up. Thx
+5 Reply
Voila - It may just luck but still - nice take off.
+1 Reply
Long attempt on Gold
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