vanirof

vanirof

Long term prospects for next few years are bullish. Main trend is up and RSI rebounded from 30 this year.

vanirof

Last year massive breakout started in second half of July-at the same time and at same price level. Yesterday golden cross 3M and 6M moving averages was formed(they had same value). Last few years gold price was rising by 500 a year- for this year 2400 seems obtainable(2100 for summer) Long period RSI gives long-term trends and it can rise much more then current...

vanirof Updated 

I expect triple bottom. In second half of July big bullish advance to last year high and beyond. This scenario would be invalidated if RSI trendline long-term support on 1Y chart break.

vanirof Updated 

Breakout is probably starting with target price 2350-2450 in next 6 weeks (biggest part will take place in late July), RSI bottomed today, gold price action was in slow motion for at least 6 hours struggling from one bar to another, more clusters then line. Silver popped at the end of the day to starting value - possibly same will start next week for gold. Jump...

vanirof

based on trendlines intersections, seasonality and sentiment I expect gold to reach 2250 in august, I guess it will not go lower than 1740 again

vanirof

Gold still remains bullish and it is near the end of retracement phase. Will it go above previous year high this year or not it is always a question, but till September it will probably progress towards 2000 level.

vanirof Updated 

Judging from trendlines I expect that gold will be bullish till 23 February, then I think that breakout of 1850 would be rejected(seasonality based) resuming to collapse down to retest 1763 level in Mart.

vanirof

It looks to me that early on January the 6th price will touch 1M moving average.

vanirof

Based on seasonality, breakout of silver is near. RSI on daily chart is almost flat. One drop down can be expected, but I doubt it will be serious enough to go under 23. By the January, price 29 should be reached and exceeded. I don't think silver will be bearish again until beginning of mart. Key dates are as much I can currently see, 8th December and January,...

vanirof

Possible next targets 32.3(perhaps will be reached tomorrow in 12 hours),then in next few days maybe even 34(probably gold will be 2100-2300 at same time) will be reached then and fall back at least to to 32.3 on Friday or next week.

vanirof

Following gold breakout silver should breakout drastically. Three steps are expected, possibly all next week. Max price for next week could be 28.

vanirof

1861 next target

vanirof

triple trend-lines intersection makes 1840 a short-term target (next 12 hours)

vanirof

It is my subjective judgement that accordingly to trend-lines intersection accumulation, fundamentals and personal sentiment, there is a solid case for xauusd reaching 1900 target either in Friday or Monday 17. August, if not sooner. In meanwhile there should be one minor top near 1858 and a minor bottom maybe 1766.

vanirof

In next week it is possible for gold to take 1505 as a support level to probe higher levels (couple of peaks shell occur), but when it is over, we expect that it will go down to to test 1475.

vanirof

Maybe gold price will fallow this trajectory next few days. It is just reversed price trajectory from last month twisted up by bullish trend .

vanirof

I would guess that main-line will be moderate bullish III. It is nearly opposite symmetric of gold price from last months. Strong bullish line I in next two weeks is always a option but seems to me it wont happen. Bearish line II in the end of November probably will last short.

vanirof

Possible cross of three trend lines in one point. Before that two double-cross stop points.