Gold – Grow the Pot with Good Management

(Click on image for larger view) Hi Traders, As mentioned on 27th Aug (see article), I was looking for price to turn around 1422 for a resumption of the longer term bear trend. You should know that I don’t always get what I look for but, this time, price does look like it’s following my…

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Gold – Looking for the Next Drop?

(Click on image for larger view) Hi All, A quick update on the Gold. This precious metal looks like it’s approaching some road blocks not too far ahead. Looking at the chart above, price seems to be approaching a long term resistance level (~1422). Meanwhile, looking at the bigger picture, the downward trend line (green…

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Gold – Still Crawling Higher?

(Click on image for larger view) Hi All, On my previous commentary on this previous metal, gold price did break out from the triangle but it did not go far. Instead, it started moving higher again. For the 2nd time, price is testing the new resistance (old support ~1346). At the same time, it is…

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Gold – Another Triangle Formation?

(Click on image for larger view) Hi All, Not sure if you are aware but Gold has quite the tendency to form triangles every now and then. After those indecision, Price Action often (but not always) shows some clearer longer term direction. Again, it often happens but it doesn’t always happen, so do pay close attention…

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Gold – Will I Get My Long Entry?

(Click on image for larger view) Hi All, Just a quick update on Gold, as mentioned on the 11th July (see article) I was looking to see how price would react to the resistance around 1326. Well, it just went through it with little or no effort. Readjusting my resistance level (now at ~ 1338),…

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Gold – Are The Bulls Back Yet?

(Click in image for larger view) Hi Traders, A quick update on Gold. As mentioned on the 1 July (see article), I spotted a decent support around 1180 and was waiting to see how price would react. Since my last article, price gave a nice ABC pattern and was fuel by FOMC’s minutes release from…

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Gold Testing the Next Support Level?

(Click on image for larger view) Hi All, A quick update on Gold. In my last commentary (see article), I mentioned that Gold was consolidating and I was expecting a break out. Although, it did not go in my preferred direction but, gosh, did it tank like it never did before. As I write this…

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Gold – Symmetrical Triangle Shows Uncertainty

(Click on image for larger view) Hi all, A quick update on Gold. As investors await employment data from Non-Farm Payroll, the symmetrical triangle confirms the uncertainty in the market. My bias is to go long with a potential A-B-C pattern (not shown). However, I will be cautions as the bears are as patient as the…

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Gold – Waiting for a breakout?

(Click on image for larger view) Hi All, Just a quick update on Gold.   Like many markets, Gold has a tendency to consolidate once in a while. However, due to the liquidity and volume of traders available, the patterns are much clearer compared to other markets. As I write, Gold is showing an ascending…

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Gold – Looking for Weaknesses in the Market

(Click on image for larger view) Hi All, This is just a quick update on Gold. Since my commentary on the 2nd May (see article), Gold price has only moved side ways. Things got a wee bit exciting two days ago when price broke out of the range and closed with a Low Test Bar. This…

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