Orders: BUY 1207 SL 1200 TP 1259 SELL 1293 SL 1301 TP 1256 SELL 1343 SL 1352 TP 1302 Grigoriy Sokolov Forecasting Gsokolov.com
Buy support til it fails. Currently short silver and think support could get taken out here but not going to short til it breaks down.
Bull recoil complete. Time for a tank sub 400? Long term model suggests a run up towards 700
Orders: SELL 1337,3 SL 35 TP 1307 BUY 1270 Sl 35 TP 1307
Orders BUY 1265 SL 30 TP 1274 BUY 1233 SL 35 TP 1256
Orders: SELL 1278 SL 45 TP 1257 BUY 1,247 SL 25 TP 1270 BUY 1230 SL 25 TP 1247
Watching for patterns to complete. Down needed to reach neckline. Complete the harmonic, if it doesn't fall too low it should be valid to retrace to either 38.2% or 61.8% to form right shoulder, then drop. Lining this up with large US events. As always, levels are more accurate I feel than time. So we'll see when it all plays out, if it does.
Orders on week: BUY = 1237,7 SL =1227 TP = 1277
XAUUSD, also known as Gold, may not have bottomed yet but it is very close to some excellent levels for addning long positions! I´ve already bought a small piece at 1270 and will keep adding longs as soon as Golld will get closer to 1250 (if it will of course). As per this chart, if the fork bottoms are broken, Daily 200 MA will be next important barrier and...
What. A. Day. Hopefully here's a way to either recover some losses or continue the profits. I don't expect anything without crazy moves after today so be careful.
This chart pertains to a revision of JDST sell set up link below. Sell target should be within the week of Oct 10 to 14th
GO Kurodanado and Yellenado!
The Gold vs Copper ratio is near historical extremes. Presently its in the 96th %ile of observations since 2008 and testing trend support.
BIS manipulation might take this down as the 4th wave to the supporting trendline. Gold buying season in Asia, US elections, geopolitical uncertainty, euro bank risks might take gold from 4th wave end to 5th wave up to 1440ish.
As you can see, price move in Fibo channel since Dec 2015. In case of FED leave it`s rate unchanged, price will move higher with breakout of bearish trend line. Targer is region of 1460-1480? where Fib retracement and 0.61 or 0.78 Fib channel are.