samed.karsanbas

good trade and profit can always earn with action on right time

FX:XAUUSD   Gold / U.S. Dollar
221 20 2
there is 2 key points lvl             on this chart "1212.46" 1180.56"
weekly rsi showing price going to litle bit down i gues the price will be a bit more down 1212.46 until stronger sup.


fibonaci retracement when gona give to %50 back of to down through to up? we have to wait for oversold for fibo retracement complated to %0 and start t o reverse to up and gives back %50 through to up

Bullish pattern "D" lvl             has to be watch out when price has complated to going down and start reverse to through to up.
stronger sup lvls has to be watch out carefuly.
I'll take a position at 1186
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samed.karsanbas QuantitativeExhaustion
ya its realy good lvl for get position.
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QuantitativeExhaustion samed.karsanbas
you might be correct about a small bounce/pause at this 1212 area
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samed.karsanbas QuantitativeExhaustion
as i said on chart big fish swiming on 1180 to buy or on ur lvl 1186.
and indicators shows this price still goes down litle bit more.

pattern "D" lvl didnt complate and fibo lvl "0" didint complate yet to give back %50 through to up.. price gona show us what is gona happen :)))
+1 Reply
QuantitativeExhaustion samed.karsanbas
Well the dollar will drop back to where it started, and almost as fast as how it got there or possibly faster. When this happens Gold could shoot up to as high as 1450 or even maybe 1500
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WallStScalper PRO QuantitativeExhaustion
Why do U see dollar fall that much? I have this outlook
All cried out - The Flag of Columbia Shall Float O
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More of a pause before a drop to 81/82. We're at the 3 year resistance. The push you suggest won't happen for 6-7 more years
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QuantitativeExhaustion QuantitativeExhaustion
The U.S. will keep on piling on more debt and the Federal will continue to purchase that debt when U.S. slows down.
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KevinT QuantitativeExhaustion
In order for USD to drop, Comming FOMC must at least be mildy dovish. For gold to go 1450 - 1500, Yellen must be real dovish like swollowing every hawkish letter from last FOMC.
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KevinT KevinT
Don't see that happen...
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You're forgetting that the BOC is demanding a similar strategy as U.S. to keep growth at 7-8%. Also there's Japan, what a sap story, Abe will have to attempt something much more bolder than buying dollars and adding Yen to the market. Look for both #2 and #3 + the ECB to start adding liquidity to jump start the world economy. U.S. is about 1/3 the size when you combine all three.
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KevinT QuantitativeExhaustion
As you mentioned. Abe will keep supressing Yen and buying Dollars. As gold is traded in USD, this reasoning will devaluate gold even more.
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snapshot


To tell you the truth, historically this correlation between gold/dollar is not there. Sometimes Gold goes up fast with a fast moving dollar and visa versa.
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Think about it. US is paying 241 billion on interest it owes on debt. Do you really think the Federal Reserve is going to allow interest rates go up and let the dollar rise? It's not going to happen until the budget is balanced and we start having budget surpluses. When will this happen? NEVER
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QuantitativeExhaustion QuantitativeExhaustion
Even the thought of 10 year Bonds going up to 4 or 5% would destroy the stock market. We'd owe over 600 million in interest on our debt. That means things would have to be cut. When the government cuts the GDP goes down. When the GDP goes down and businesses layoff, which caused less tax revenues. With less revenues you get bigger budget deficits. With bigger budget deficits you get tax hikes. With bigger tax hikes you get lower GDP. What happens when you get lower GDP? The market goes down. What happens when you get a lower GDP reading? Businesses layoff. What happens when businesses layoff? You get a bigger budget deficit. What happens when you get a bigger budget deficit? You get tax hikes. What happens when you get tax hikes? The market goes down. What happens when the market goes down for the fourth quarter? You get a panic. What happens when you get a panic? The market goes down. What happens when the market goes down? You get massive layoffs? What happens when you get massive layoffs? Your economy goes into a depression. What happens to your Government budget when you go into a depression? It goes in the red by trillions. So what do you do? You print money? Why because you need to grow your economy and get people spending again. You also add to the budget deficit because you need to add more government employees and payout more in bipolar SSI, food stamps, section 8 housing, mortgage vouchers, ect. Why do you do that? So your citizens don't revolt and overthrow your government. So now we have 23 Trillion dollars in debt with 10 year treasuries paying out 1.25%. Who's going to have to buy these treasures so we can again start adding more budget deficits? The Federal Reserve. Rinse Repeat the cycle will go on until interest on this debt is all purchased by the Federal Reserve, and they go bankrupt.
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samed.karsanbas QuantitativeExhaustion
jr ty for ur us dollar index weekly analysis to show me. i was agree with u begining of post.
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QuantitativeExhaustion samed.karsanbas
I know, I'm just beating a dead horse. Media wants us to believe this Dollar move is what's taking down Gold. 100pt move in Gold is nothing.
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samed.karsanbas QuantitativeExhaustion
i agree with u but 84.xx and 85.xx resitance lvl very important about usdx. as i said i agre with u its gona reverse from that point after litle bit more goin up to reach that resitance lvl.
lets wait and see
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i got 500 pips :)) my analysis came to true im so happy :D
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