moreso,you`ve bought at the very top of the sideway channel.
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extremely bullish on gold: an extended techn. analysis.
- Thread starter cvds16
- Start date
See you,thanks.I expect the futher dawnfall to at least $1000-900 in the next month or so.But currently it`s not buying, as I see it.
If it went up from there,as you expected,i`d defenitely appraise it more as an anomaly,then anything else.
yup, as you can see there has been quite some morphing at last minute going on in the charts these last few hours. This makes me (while bullish) also extremely carefull here ... untill prove differently I am going to stay with my position for a while. If proof shows up to the contrary I might get short. We are really at crossroads here for bulls and bears. Not exactly the easiest of markets.
Quote from cvds16:
yup, as you can see there has been quite some morphing at last minute going on in the charts these last few hours. This makes me (while bullish) also extremely carefull here ... untill prove differently I am going to stay with my position for a while. If proof shows up to the contrary I might get short. We are really at crossroads here for bulls and bears. Not exactly the easiest of markets.
I see no crossroad here,on the contrary,in my view,it` bearish.What proof do you expect to see to get short again/
for a maybe longer explanation how this might turn into something really bullish. Read this: http://localsfoolsgold.blogspot.be/2013/11/how-to-analyse-and-end-of-week-what-do.html I like to call it my Madame Soleil scenario since a lot of things still have to happen before it can come true.
At this point in time, we have got an 8 H ib situated to the right a first 8H inside bar (since this hasn't closed yet it can still morph into something totally else ! BEWARE), the daily would have to roll over, into a weekly signal above the doji pinbar there. That would make the monthly bullish too. So in my eyes this is a very important crossroad. Something tiny might happen however and make us throw the above scenario in the wastebin. But for now it's a long untill proven otherwise.
At this point in time, we have got an 8 H ib situated to the right a first 8H inside bar (since this hasn't closed yet it can still morph into something totally else ! BEWARE), the daily would have to roll over, into a weekly signal above the doji pinbar there. That would make the monthly bullish too. So in my eyes this is a very important crossroad. Something tiny might happen however and make us throw the above scenario in the wastebin. But for now it's a long untill proven otherwise.