Dec0der

Dec0der

The volume in the opening minutes suggests that HSI has or is about to bottom. Main accumulation was between 17k-18k.

Dec0der

Gold went for a wild ride on Monday. Aggressive selling was seen all the way from 1980-2140 which suggests that Gold is in the distribution phase and it's next move will be to the downside.

Dec0der

Gold will likely make a move above 2000 in the coming sessions but it should quickly fall back into the accumulation range between 1900-1970. Strong selling remains above 1980.

Dec0der

Since my last post, Hsi did crawl up but was rejected strongly from 18400 and is back in the value area around 17500. The way it is shaping up, i suspect that a strong shakeout is coming up in next few days in which HSI can drop all the way to 16k. If that happens, it will present a very good opportunity to get Long at the start of a possible multi month move...

Dec0der

Expecting Gold to bottom on Monday or Tuesday between 1925-1910. Whether it will be all of the correction and Gold starts a strong move well beyond 2000+ or not yet will depend on the price action and volume around 1970 region. I will further update the week's action within this post so please check back or you can ask me directly for my opinion.

Dec0der Updated 

Good volume has arrived over the last 2 days. Not totally convinced that Long term bottom is in place but for next few days/weeks, HSI should make its way up towards the top of the parallel channel. Resistance will come in at 17500, 18000, 18500 and 19000.

Dec0der

Move down Today seems to be a breakout from the Triangle. I expect Oct 4 Low to hold and a strong move up towards 20k starts here.

Dec0der

Start Buying. HSI at the start of at least multi month may be even years of uptrend.

Dec0der

Those who hit the bullseye below previous swing low can book profit around 19k. Bottom not in yet. More consolidation and lower prices to come over the next few days/weeks.

Dec0der

Hsi can breakout from this consolidation any moment now. If it breaks down then going Long below the previous swing low at 17500 is a no brainer. Give your trade some room as they may try to hit the SL below 16800. If it breaks up then we will have to watch the resistance to higher prices to determine if the market has bottomed and is starting a big move up or...

Dec0der Updated 

Volume is highest between 18000-18500. This is where most of the buying is happening. Expecting consolidation for few days, maybe whole of this month.

Dec0der Updated 

Market back between the blue lines as expected. Selling and buying both strong so expect some zigzag. Lower prices to come.

Dec0der Updated 

Rally from here may very well go on to make the new ATH. Go Long below one of the 2 lows and hold onto this one.

Dec0der

You can never tell for sure how much more they have to accumulate/distribute but signs are encouraging that accumulation phase is coming to conclusion and HSI is poised for a run to all time highs very soon.

Dec0der Updated 

After the re-accumulation at 26500-26000 in December, HSI rallied all the way to 30k before climaxing. Volume was very low throughout and the move appeared rather laboured which was unlike the markups/downs i have witnessed before in HSI . We again saw good amount of buying in couple of weeks before the holidays. Price has now broken out of the top of...

Dec0der Updated 

New post for this week.

Dec0der Updated 

Buying Climax underway in HSI. Gap from 06 May last year will be completely filled at 30020. Sellers have been dumping aggressively from 28300 but Market has not established clear distribution range as of yet. Things will become more clear after the pullback. Next few weeks mostly between 28k-30k with higher prices to come.

Dec0der Updated 

Is it about to reverse or go bazooka? Trend is up and there hasn't been convincing distribution in approach to the current levels. Only things favouring a selloff from here is low volume and the red trendline. Failure to reverse here can see it shoot up 30k. Reversal from here can see it quickly drop to 26k. Real difficult to call this one. What do you think?