Tag Archives: Gold
Gold & Silver Pattern Alert
Mid-Week Shuffle…. If everyone decides to hit the sell button and take profits at the same time today, here are the levels to watch.. Silver…33.38 with more stops below 33.28 Gold…1725.80 These are the ORL levels…This is where the weak … Continue reading
A.M. Look 9/12/12
EWZ…55.90-56.09 is first resistance with stops above. 56.80 is first yearly fib resistance. Closing above will tgt 58. XCO…we’re looking to take some money off the table over $8. 8.25-30 is a good spot to sell 70% of your position. … Continue reading
A.M. Look 9/11/12
Natgas…put in an ORH day yesterday. The Daily Pit chart shows 2.90 as a big mvg avg cross. Sustaining and closing above this level will lead to higher prices. AUD/USD…is caught between 103.25 and 104.15-25. AUD/JPY…80.69-62 is an important hold … Continue reading
A.M. Look 9/10/12
Silver…33.30 was last qtr’s high, by remaining over ( or holding the breaks to 33.30) keeps Silver from having a deeper re-trace. This will be a descent short term pivot. Gold…just an observation about the RSI’s on a Qtrly chart. … Continue reading
Gold
1714 (Z) will be pivotal the rest of the day. This is a daily ORH level. Remaining over is price positive.
A.M. Look 9/6/12
Copper…is poking it’s head up with an ORH day yesterday. Looking back at the cloud you couldn’t of had a better low to hold @ 340 ish. 355 is the first third coming back on a yearly swing with 360 … Continue reading
A.M. Look 9/4/12
AUD/USD and in particular the crosses AUD/JPY , EUR/AUD, AUD/CAD are extremely over stretched directionally on the daily charts. We expect to see some profit taking in these crosses this week to relieve the RSI’s, however there is still room … Continue reading
Gold & GLD
1690-1700 is the first Fib match area coming back up on a 2 year swing. The daily Pit Futures are putting in an ORH which should lead to a test of this level. The GLD ETF sets up slightly different, … Continue reading
Mia Culpa
I royally screwed myself in the Eur/Gold, TBT and the Gold in particular. The Bonds will be firm the rest of the day. As long as the (Z) Gold maintains above 1666.70 it should remain firm. No, I’m not doing … Continue reading