Just notice that since after G20(Sep 4-5,2016), Bitcoin are moving strongly on the contary to Gold trend. Now Bitcoin is facing retracement, will gold bounce up? Take care of $1200-1205 resistance.
This is a general view for middle term, if it will work? Entry:1167-1172 TG: 1243
The movement of gold price was a little special, due to there's Italian referendum after NFP in this month, so it dropped to $1157 finally on Monday,after the result came out, just priced in the good NFP number effect to gold. Then it was pullback quickly above $1170, after hitting $1157, so being regarded as an false break out. The following strategy is buying...
Since 1970's SPX500 is in Bull, now, it is time to end?? Take 60% risks, but it's well worth to bet, from the beginning....
Seems like wave C structure was completed, and there's king's crown pattern in short term. Bounce for D wave? Entry:$1180 Tp1:1201 Tp2:1233 Tp3:1253 Tp4:1278
R1:107.52 R2:110 Tg:96 I'm look forward to the sell oppotunity on Sep or Oct., before BOJ interest rate decision meeting.
It'll take 3days to cfm whether MACD div will take place in daily chart. here I'll post EURUSD and USDJPY daily chart as well.
Gold already choosed downward movement, since break down the wedge in Oct. So I'm here to adjust slightly for my longer term stratage. If Gold price won't break out $1330 in the coming month, it's possible to fall to $1150-1160 level, till Feb.,2017, Then move up.
Then, buy dips, see the chart
I opened long at $18.21 long term target $22
It seems that Copper just retracement was ended at fibo 1.618 level. Meanwhile, there's an intensive buying area from late Aug to mid Sep., strong support here. So just go long in buying zone.
From NFP to the Election, Gold will move in range $1285-1307
This chart only for analysis, not for trade.