I always prefer to look at GOLD chart at the bigger time frame. It gives me a better picture. Let’s have a look at Spot GOLD (XAUUSD). Here is the Daily chart of Spot GOLD (XAUUSD). It is trading slightly below 1300 area. My immediate upside target is around the 1337ish which is also the […]
Gold
GOLD 25 September 2012
I think there are probably 10,000 charts talking about the daily “Pin bar” of GOLD lately. I am not the expert of “Pin bar”, I do notice the long tail tested the resistance level and failed to close above it. Anyway, looking into shorter time frame, we have a support zone around 1755. More conservative […]
Key Levels for week 14 Feb 2011
Here are the pairs and the key levels that I’ll be watching for the coming week. These are basically support and resistance levels. Since I am mostly trading off 4-hour charts, I am only posting charts of this time frame here. Have a great trading week ahead! [tab: GOLD] [tab: AUDUSD] [tab: EURGBP] [tab: EURUSD] […]
GOLD $GLD 02 Dec 2010
Here is the GOLD chart that I am looking at. I see confluence of resistance level, channel, Fib levels, and harmonic formation. I am keen to watch 1400 before deciding if to go short. [tab: Initial Setup] Here is the chart…… to confuse you. [tab: Update 05 December 2010] The initial bearish harmonic setup was […]
$GLD GOLD 08 Nov 2010
I am looking at GOLD chart this morning, I got the feeling it might be the time to see some corrections soon. It is now trading around the top of the recent channel, and there are confluences of Fib extensions and harmonic patterns. I have two potential zones defined on my chart. Let’s see how […]
Is it time now? A look at GOLD ($XAU)
I exited my AUDUSD long position earlier today with small loss. The entry was too early. However, I am still looking to build long positions of AUD, NZD and CAD (by Short USDCAD). Let’s see how this strategy works out. Basically, my approach is to test the market, if it does not work out, I run, […]
