staurum

staurum Updated 

W-TREND: Most weekly readings show that gold is still in Bullish Trend, but the strength is dissipating. range of 1310-1375 (Monthly range) should be monitored. Immediate support by EMA10 is at 1318.3 with Tenkan at 1305. Below it we have intermediate MA21 @ 1281 + Kinjun 1270 and stronger EMA200+250 @1260 Re MA: Strong Range given by MA200 at 1299 and MA250...

staurum

Mistakes repeated again. Not to take advantage of the NFP warning. D- still Bull H4 - Momentum Shifts to Bear (not yet confirmed) 1328 must break Additional: Unusually high volume, matching those of Pre-&D-Day of Brexit candles. FIBO MARKET: Today we have BOC and ECB almost at the same time. SPDR gold trust (GLD) fell 1.63% to 965.22 tons on Tuesday,...

staurum

@NishenduVyas Copy paste the following to your pine editor. and save it as a script and add it to your chart. // // @author LazyBear // Generic Trix Ribbon plotter. Marks all EMA crossings, if configured to true. // // study(title="Trix Ribbon ", shorttitle="TrixRB_LB", overlay=false) src = close trix1_color = #00ffff trix2_color = #ff9800 trix3_color =...

staurum Updated 

ADX, a super lagging indicator but once confirmed its power can determine the course of the market. It managed to pierced through 40value line for the first time in 6 years. Also we can make a note that for the first time since 2013, gold is defended above WMA100 and WMA500, and is challenging the WMA 200. In my view, it is likely that June rate-hike is...

staurum Updated 

Now that Fibo23.6 @ 125x is confidently broken UP..... 1381-1385 zone level explains itself in the chart.

staurum Updated 

Some updates are way overdue for me. Now a chance given, let's get back on track. Weekly: Most of the threads are in overbought zone. A close below prev weekly close (1316) would send a message for the bears to wake up. Luckily, MACD should not allow it at least for another 3-4 weeks. So maybe consolidation may ensue up to the next big news (maybe NFP). Momentum...

staurum

In Theory, 1278 is the neckline. 1278 also happens to be the Support/Resistance line since March 2016. When the neckline breaks, target is neckline-head length, giving us a target of 1241. Perhaps 1244 is a better target as it is also an important support/resistance line since Feb16.

staurum Updated 

Momentum in both daily and weekly continued to press brake pedal. Let's hope it maintains its speed whether it is resuming or turning. Weekly: Weekly PSAR is at 1202. Gold is trying to immerse itself trading below w-mid-bband. Daily indicators mostly have turned down, showing further weakness to come. Luckily one lagging indicator has not switched side, but once...

staurum Updated 

Weekly: low of last week (1271) was breached, thus tilting some indicators, and also momentum, down a notch. Lastnight mid-bBand of 1264 was gently touched. So now gold is trading at its weekly range. W-PSAR is at 1202. Daily: no mercy. as soon as hourly close below 1288, continue to close below 1280, it hit daily PSAR (1276.6). Now most indicators in the daily...

staurum

Weekly, the fast indicators are in the overbought zone. However looking at the momentum maintained over the last 14weeks, with more room upside to test the strength, I am bullish on the weeks ahead. a weekly close above 1300 may trigger more fireworks. A close below 1270 (or worse below 1266) may disturb. Weekly range 1305-1310 to 1205. W-PSAR is at 1202. Daily:...

staurum

Weekly indicators look better as another strong weekly candle is printed. Momentum has gone back to a good fuel level to burn some engine to drive positively further. Weekly PSAR now changed to 1199. Thursday daily pin-bar gave a huge rejection but Friday, being the most important day of the week, managed to close near 1300. Daily PSAR is at 1268.50 and will be...

staurum

Weekly: W-PSAR was hit yesterday and now. looking at weekly indicators, it is looking positive and may continue to open up some upside room for the next 2-3 weeks. Weekly MA 200 (1313) was hit yesterday and repelled gold down. Daily: Last night i did say that the rally looks complete as all the indicators were all in the overbought zone. and One BIG Resistance...

staurum Updated 

Congratulations to all the long-position holders! The Fed surely helped like a kid trying to keep a sheet of tissue up higher by continuously blowing it. Weekly threads are getting stronger with gold breaking 1300 just now and trading just below the surface. Daily: Momentum is building up. If bears do not attack soon, i'm afraid the bulls may have already...

staurum

Anyone can help? I have dreamt about this. Then I woke up and got a headache

staurum Updated 

Weekly: By maintaining a close above 128x by weekend, it will look strong for gold. Daily: More and more indicators are packed to the ceiling and there is almost no room left. MACD histogram also shows slow down of momentum. 1285.5 close is good enough to keep bulls safe, but by the looks of the indicators, a touch on 1277 could indicate that the rally is...

staurum Updated 

9:30am: Carrying forward from the weekly note, in the weekly gold is looking good to rebreathe up with the support of the turning indicators. We just hope Momentum will keep this up (i.e. not closing below 1255 + close above 1280). The challenge, though, is to pass the FOMC earthquake safely. (Weekly range: 120x to 130x/131x) Daily: Momentum has picked up a...

staurum

In the weekly, most of the indicators look good to test the upper range (129x-131x). W-PSAR 1297.7. Momentum slowed down considerably affected by the 1303-1199 panic rundown and was rescued by the NFP figures, following which a series of bad news that have inflicted fear factor in the market were published. In the daily, looking at the indicators heights, there...

staurum Updated 

Weekly: more of the indicators have joined the bullish side, we just hope that this is not wasted. Today is the closing candle for the week. Keeping note: range 120x - 131x. Momentum is trying to wake up. Daily: 1270 should be another psychological barrier. Most of the fast indicators have gone overbought, with the slow indicators turning up. Momentum however is...