chartwatchers
Short

GOLD - Levels to watch

FX:XAUUSD   Gold / U.S. Dollar
1926 31 44
Today's candlestick predicting that this is going to be a filthy decline.
I will use the EMAs to sign the breakdowns levels and the testbacks.
Today we closed on the 20 EMA . I think we are going to break it down soon (maybe tonight). The next level to watch is the 50 EMA at 1239.7. A lot of people is watching the blue trendline below the 50EMA and I'm pretty sure we will tag it or break it at this DCL.
The next level is the 100 EMA (1208). I'm planning to take profits around there.

I've signed the last decline (october-december). This is one going to be much more seriuos.

WATCHING TODAY'S CANDLESTICK : THE DAILY CYCLE LOW AT 1208 IS ABSOLUTELY POSSIBLE THIS WEEK
Comment: Pullback is done.
Turning down from the 100 EMA(4hrs chrt)
Show must go on.
snapshot
Comment: Just a fakeout move again to the upside. They want the stops above 1267 before the next leg down.
Dollar is rallying with stocks and gold on the hourly chart..
Comment:
snapshot
Comment: Longs should be closed now in this fake move. But I think they will be hoping instead of closing.
snapshot



looks promising imho - DXY also looks like it finished the pullback in the 4hours chart
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Exactly. And I think the dollar might push down oil one more time in the range...
THat's why I closed a little of it. But the range will not affect ERX...
It could run for more time...
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snapshot


seems like a perfect hit at the .38 fibo level of the inital move down - would open up targets at about 1241.
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MoLee nexuz
Seems like a retracement might hit the 0.5 before moving down.
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nexuz MoLee
yep seems so - RSI and Slow Stoch overbought. Starts to look good :)
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Do you think RSI at 6 is better than 14 ? Thanks
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On the daily chart I prefer to use that.
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nexuz chartwatchers
im testing around with atm with 5/6/14 and imho 5/6 delivers better signals than 14 - but the test only runs for about 3 days now :)
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Is now a good time to add more DUST? Thanks.
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Yes.
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