Gold 2013 ......a lack lustre year?

close up view of adp play .....more to come
 

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elisab said:
Again close to the 20-days moving average. Buy opportunity for the gold?
Click to expand...

the 10 day is looking pretty rough, thus far making it a trader opportunity to kick with the swing....remember that which is a trigger to buy becomes the trigger to sell .....both cash SILVER and GOLD have daily bars swamping the previous trade.......on an Elliott pov both have (or appear to) achieved a 4th wave high (theyve achieved the (basic tenets of) retracement level and can resume the larger downtrend).....

some decisive reasoning is required to make fund managers buy (more) and commercial hedgers take on even more supply (excluding the usual suspects: illuminati, syria, iranian redux, ***ushima, some-asian-country-going-broke, gold-is-real-money, fundamentally-nothings-changed, QE1, QE2 QE3, QEtapering, bond yields.... yadda yadda yadda)
 
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elisab...not yet
1380 was the breakdown ...posted on another thread
so..if it recoils it should test 1380 area
you need to break that downtrend first..purple
the first down move/red was well defined...that spike to res has confused many charts...hahaha
15 min data
5f4xu1.gif
 
Joules MM1 said:
the 10 day is looking pretty rough, thus far making it a trader opportunity to kick with the swing....remember that which is a trigger to buy becomes the trigger to sell .....both cash SILVER and GOLD have daily bars swamping the previous trade.......on an Elliott pov both have (or appear to) achieved a 4th wave high (theyve achieved the (basic tenets of) retracement level and can resume the larger downtrend).....
Click to expand...

Is that 5 down I see on the 15m chart?

Stops below the up-channel from end of June, stops below 1350 horizontal support and NFP, it could be setting up nicely.
 
ZaBu said:
Is that 5 down I see on the 15m chart?

Stops below the up-channel from end of June, stops below 1350 horizontal support and NFP, it could be setting up nicely.
Click to expand...

all roads lead to rome or lead to NFP.....set-ups indeed (y)
 
At the moment, gold has just to wait the maximum point of Americans yields in the coming weeks. If and when the rates maneuver starts, then gold will be able to rise strongly over 1500.
 
Joules MM1 said:
the 10 day is looking pretty rough, thus far making it a trader opportunity to kick with the swing....remember that which is a trigger to buy becomes the trigger to sell .....both cash SILVER and GOLD have daily bars swamping the previous trade.......on an Elliott pov both have (or appear to) achieved a 4th wave high (theyve achieved the (basic tenets of) retracement level and can resume the larger downtrend).....

some decisive reasoning is required to make fund managers buy (more) and commercial hedgers take on even more supply (excluding the usual suspects: illuminati, syria, iranian redux, ***ushima, some-asian-country-going-broke, gold-is-real-money, fundamentally-nothings-changed, QE1, QE2 QE3, QEtapering, bond yields.... yadda yadda yadda)
Click to expand...

The signal has been canceled, it is time for gold yet. Only high international (or financial) tensions will restore luster to the gold.
 
elisab said:
The signal has been canceled, it is time for gold yet. Only high international (or financial) tensions will restore luster to the gold.
Click to expand...

the stage is set for the final game for this round......fomc

:sleep: say no more
 
The ability of the gold stocks to remain above the support of 250 is quite interesting: is a new rally coming?
 

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elisab said:
The ability of the gold stocks to remain above the support of 250 is quite interesting: is a new rally coming?
Click to expand...

Doubt it somehow???

There is a cost to holding gold with no yield. Gold has had its day and will continue to lag.

Increasingly I'm of the opinion we will see new lows... (n)
 
we reached the 1338's 127.2 inv extension target and presently lifting off that level.......but no real urgency in the bid.....i suspect it's a pause

#moreofthesame
 
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