Gold falling too

M

mnikolic

According to a few models of mine, Gold (COMEX:GCJ0) is expected to fall throughout the day (March 4) and find support in the early hours of March 5. The projection remains relevant as long as the price action is contained within the immediate resistance level of $1142.20.

IMPORTANT TECHNICAL LEVELS

Key support/resistance levels (in $):
1136.90, 1131.70, 1126.50, 1121.00, 1115.60
1142.20, 1147.50, 1152.70
 
Oh crap just realized I posted this into stocks. If someone could move it to futures/commodities it'd be much appreciated.
 
You posted like 10 resistance and support points
whats the use?
gold has resistance @ 1500
but it also has resistance @ 1300
and 1250
and 1100
and 1050
and 1030


good luck using those numbers.
 
Marko jeli ti radis za neku firmu

Ovi tvoji signali.........zasto ih stavljas na Internet

Traders koji prave pare don't do what you do.

I guess you are trying to become the new EliteTrader .com
 
I'm giving a regional perspective. If Gold decisively breaks one support, it often goes to another. That's what the levels are for. But if u prefer just a single S/R level, that's your choice.
Oh, and I'm not sure if you've been following or just criticizing, but Gold did fall, and it bounced off the forecasted $1126.5 support level.

I'm also attaching a projection chart, made at the time of my original post , which I don't usually do for general public.



Quote from coolweb:

You posted like 10 resistance and support points
whats the use?
gold has resistance @ 1500
but it also has resistance @ 1300
and 1250
and 1100
and 1050
and 1030


good luck using those numbers.
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Attachments

Quote from Sisko7:
Marko jeli ti radis za neku......(ethnic stuff).......Traders koji prave pare........
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Which is it? Viva Serbia or Viva Croatia? :confused:
 
Quote from nazzdack:

Which is it? Viva Serbia or Viva Croatia? :confused:
More...

Let me guess, my answer would impact your opinion like this.

Serbs = bad people, they kill other people, CNN says so

Croats = Some good Some Bad. Though they did fight on Hitler's side.


----------------------------------------------

The real answer is, THEY ARE ALL SCUM :D :D :D

Just like anglos, just like Jews, just like arabs

I look around and honestly I think we are all scum.
 
I build models, import them into neural nets and train them to specific markets. Models are typically comprised of technical, cyclical, and fundamental components, specific to each market. It takes a lot of effort (and patience) but the end result can be quite gratifying. I rarely use your traditional indicators as they lag lag laaaaaaaag.

-Marko

Quote from promagma:

So far, looking good.

What do you analyze to make a forecast?
Price? Price+Volume?
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