Gold calls.Long term -medium term and intraday calls in gold is here !.

[Dentalfloss]

gold 30 min gettin ready to pop

 

[Dentalfloss]

update to the chart posted this morning
a classic case of a failed signal
a failed triple-top and a double-bottom break ..downward
whenever,we get a p/f signal..we always look for failure
these failure trades always work well

 

[Dentalfloss]

5 min data has given us the best veiw of the price action in that downtrend that started on 17 march
the signals to go short are very well defined
$3 box size by reversal/close plot
purple horizontal is this mornings trade

 

[Lands_end]

Why the p&f

 

[Dentalfloss]

Why the p&f

why not p/f ??/
cos..it shows the truest possible supply and demand...if properly configured

 

[Dentalfloss]

going into NFP tomorrow
now..spot gold seems to be basing
so...from this chart there is a res area that tests the trend in 1305 area
bad nfp and we go to the safe haven...gold..stock index move down
lets see

how good the numbers are ?/ bearing in mind that the polar vortex is over
prev supp/aqua at 1310 area

 

[Dentalfloss]

could be in resistance
trend res/red and horizontal/purple
if it pullsback then we watch the retrace

 

[Dentalfloss]

that 1315 res area we had marked worked well till post fomc
now..we move up and look for the next res area
1324 area/prev supp..purple
trend res /red at 1332 area

lets see what happens

 

[Dentalfloss]

gold 4hour data
coming into a big supp area..trend and horizontal support

 

[sujithsstorock]

gold buy at 1284 $ (cmp) sl 1281 tgt 1288-1300

 

[sujithsstorock]

gold buy at 1284 $ (cmp) sl 1281 tgt 1288-1300

first target met.... profit 4$x100us dollars=400 us dollars. ...400x60inr=24,000 rs

 

[Dentalfloss]

some areas to watch
30 min data
1293-1296 ..alsothere is horizontal res all the way up to 1305..trendline cluster/purple looming above
trend support/green at 1281 area
horizontal supp 1275 area

 

[Dentalfloss]

spot gold gettin ready for a pop or a drop
60 min data shows the trends clearly
if it pops,then yellow/prev supp 1316 area
horizontal res at 1328 area and 1340
if it drops..breakout point was 1290 and horizontal support aswell
nfp and fomc next week..could go either way..we could even get a test of 1250
lets see what happens

 

[sujithsstorock]

opper looking for target 440 , stay in buy as long as 405 stays as support.

zinc might make third lower top around 130.50. seems bullish as long as 121(feb low ) stays unbroken..

nickel, keep tight sell sl at 1060 and tgt is 1210. cmp 1089

ng , that recent low of 272 is very strong. and sellers from 390 area would be laughing with joy of profit. to kick them out of position,to scare them...ng is likely to cross 320 mark. ( sentimental analysis)

gold is making higher lows and ,higher highs every time, its in a short term bull trend. possible to hit 29800 level as long as 28250 stays un broken. cmp 28780

 

[Dentalfloss]

Outlook for next week
after that down move ,we are range bound
4 hour chart/data shows us some areas to look to trade from
1270 supp area we called some time ago,this we said was a pretty strong area
orange horizontal..that is 1305 area res
purple horizontal is 1314 area
then there is a mid pattern rally/red at 1323 up to 1332...EXPECT the bulls to be aiming for this area
horizontal res/aqua at 1341 area
These are all areas to trade from..All you have to do is look for the signals on a lower timeframe to confirm
ignore the numbers..they area dates

 

[Dentalfloss]

outlook for next week
areas to watch
daily data...close
1308 ..that is where the the 3 box turns
1272 is where the chart goes bearish...confirm signals from these areas on lower t/f

numbers are dates..

 

[Npard23]

Gold is rangebound currently between $1275 and $1325, whatever side break determines medium term direction of the yellow metal.

 

[Dentalfloss]

60 min data showing the breakdown from tight range on 26th may..light purple horizontal
On this chart ,entry and exits are well defined for short term trades
price consolidated and then started a new trend /downon 30th may
we will track the latest trend on 15 min

 

[Dentalfloss]

15 min data and we can track the latest downtrend from 25th May
note,,2 down moves
the latest one has some important areas to watch next week
1.1250-152 area prev supp and trend res/yellow horizontal
1243-145 trend and prev horizontal supp/green
these areas are relatively minor and could easily be broken

 

[Dentalfloss]

outlook for next week
we have a recoil in a downtrend with some areas to watch
trend res/red cluster at about 1268 area
horizontal res at 1258 area
trend /green and horizontal supp at 1248 area
then we have horizontal supp going down to 1240 area
look for signals to trade in those areas on a lower timeframe
these areas can get broken...if big news