Gold | ✽ Market Analysis ✽

Archive for the ‘Gold’ Category

Thurs Nov 10

10 November 2011 - 12:24 pm UTC

Late USD selling arrives which supports stocks.

The bears don’t want a xmas rally.

Equity bears fight back.

SP500 buy support returns.

Equity bears back in control.

Bullish USD weekly chart continues to exert it’s influence
and according to my analysis this will continue.

Gold and Silver daily bearish warning strengthens.

Gold and Silver leg down commences and significant downside expected.

EURUSD / AUDUSD / SP500 etc daily charts are now bearish/neutral
and more downside expected. Opposite for USDX.

EURAUD and GBPAUD upside continues and daily charts now bullish.

Gold and Silver daily charts bearish warning strengthens and
further downside expected.

AUDGBP long 0.6366
NZDUSD short 0.7770 [c 0.7759]
NZDUSD short 0.7795 [c 0.7765]
XAUUSD short 1769.57 [c 1756.74]
AUDUSD long 1.0139 [c 1.0176]
XAUUSD short 1784.30 [c 1766.42]
NZDUSD short 0.7849 [c 0.7777]

Posted in Gold, Silver | Leave a Comment »

Mon Oct 17

17 October 2011 - 1:56 pm UTC

SP500 daily chart now gives bearish signal, warning of a
significant leg down.

Gold and Silver daily charts revert to bearish/neutral.
Weeklies remain neutral.

SP500 daily and weekly charts revert to neutral.
This is a bearish development.

GBPAUD USDSGD USDPLN – leg up starts.

SP500 daily chart reverts to neutral.

SP500:
intra ~ bearish
daily ~ bullish/neutral
weekly ~ neutral/bullish
monthly ~ bearish

SP500 overdue retracement starts and intra day trend reverts to
bearish/neutral. USD intra reverts to bullish/neutral.

XAUUSD / XAUJPY daily chart bullish warning continues.
USD daily chart remains bearish.

GBPAUD long 1.5405
USDSGD long 1.2684
GBPAUD long 1.5378 [c 1.5383]
USDCAD long 1.0130 [c 1.0148]
NZDUSD short 0.7991 [c 0.7995]
SP500 emini short 1217.50
USDCAD long 1.0125 [c 1.0135]
USDCAD short 1.0125 [c 1.0130]
USDCAD long 1.0128 cancel
NZDUSD short 0.8006 [ c 0.8006]
USDCAD short 1.0126 [c 1.0094]
USDNOK short 5.6166 [c 5.5898]

Posted in Forecast, Forex, Gold, Investing | Leave a Comment »

Fri Oct 14

14 October 2011 - 2:16 pm UTC

Due to stock rally, gold and silver charts give choppy bullish
warning (but not in AUD)

USD daily chart still gives bearish warning.

Been away and I see some USD bulls are causing problems for the
USD sellers resulting in USD chop.

More USD weakness and SP500 etc strength expected.

CADJPY / USDJPY / GBPJPY daily chart bullish warning continues.

USDCAD short 1.0126
XAUEUR long 1208.24 [c 1210.40]
USDCAD short 1.0147 [c 1.0134]
USDNOK short 5.6166
USDCAD short 1.0169 [c 1.0147]
XAGUSD long 31.771 [c 31.867]
USDPLN short 3.1310 [ c 3.1195]

Posted in Forecast, Gold, Investing, Markets | Leave a Comment »

Thurs Oct 6

6 October 2011 - 1:14 pm UTC

FX is a dogs breakfast – being pulled in too many conflicting
directions.

SILVER daily is still bullish.

S&P500: intra day ~ bullish

S&P500: intra day ~ neutral/bullish

S&P500: intra day ~ bearish

GBPAUD EURAUD more downside expected.

S&P500: intra day ~ bearish/neutral.

S&P500:
intra day ~ bullish
daily ~ neutral (aka sideways)
weekly ~ bearish/neutral
monthly ~ bearish/neutral
Larger time frames will exert more influence over smaller time frames.

GOLD and SILVER daily chart now gives bullish warning so upside
likely. Weekly is bearish.

SP500 intra day remains choppy bullish.

AUDUSD long 0.9694
XAGUSD long 31.194
EURAUD long 1.3728 [c 1.3836]
XAGUSD short 31.248 [c 30.903]
XAGUSD long 31.330 [c. 31.351]
XAGUSD long 31.081 [c 31.283]
XAGUSD long 30.510 [c 30.384]
XAGUSD long 30.522 [c 30.467]
USDTRY short 1.8723 [c 1.8699]
GBPAUD short 1.6292 [c 1.5926]
USDCAD short 1.0490 [c 1.0422]

Posted in Forecast, Gold | Leave a Comment »

Wed Aug 31

31 August 2011 - 1:30 pm UTC

The sideways chop and short covering spikes is caused by recurring
buy support conflicting with significant sell pressure.

As mentioned, the big picture remains bearish and this will ALWAYS
exert the most influence. The only thing GUARANTEED is that the
bearish medium/long term cycle will have the upper hand.

The recurring buy support, panic buying and short covering results in
SP500 being very overbought again and likely this will cause another
waterfall sell off.

GOLD bias is choppy neutral (ie no consensus)

GBPCAD short 1.5899

USDCAD long 0.9736 [c 0.9770]

USDSGD long 1.2025 [c 1.2035]

SP500 Emini short 1214.25

NZDUSD short 0.8535

AUDUSD short 1.0679 [c 1.0680]

SP500 futs intra day chart now gives bearish warning so maybe
yesterdays rally is ending.

AUDGBP short 0.6555 [c 0.6554]

GOLD bias is now neutral.

XAUUSD long 1825.95 [c 1835.45]

Posted in Finance, Forecast, Gold | Leave a Comment »

Thurs Aug 25

25 August 2011 - 11:39 am UTC

XAUUSD long 1,767.74

SP500/DOW/NASDAQ intra day cycle maintains bearish bias.

OMG it seems USDJPY has finally established an uptrend on daily
chart – fell asleep waiting…

AUDUSD short 1.0441

AUDUSD short 1.0445 [c 1.0448]

SP500/DOW/NASDAQ vacillating intra day cycle maintains bearish bias.

XAUAUD long 1665.64 [c 1682.50]

XAUUSD short 1735.48 cancelled

Jackson Hole vacillating intra day cycle reverts to bearish
after spike.

XAUUSD long 1734.64 [c 1734.15]

Jackson Hole vacillating intra day cycle reverts to neutral / bearish
after spike.

XAUUSD short 1727.21 [c 1730.14]

USDCHF long 0.7953 [c 0.7956]

XAUUSD long 1728.19 [c 1733.00]

Jackson Hole vacillating intra day cycle reverts to bullish with risk of
short covering spike.

USDJPY protracted choppy basing on daily chart continues.

EURJPY long 111.162 [c 111.393]

GOLD (overdue) retracement continues.

Jackson Hole counter trend bounce reverts to bearish again (like
the bigger picture)

XAGUSD short 39.416 [c 39.392]

XAUUSD short 1744.06 [c 1720.83]

EURJPY daily chart gives bullish warning.

USDCHF and EURCHF basing on daily chart continues and more upside
expected.

XAUUSD short 1755.08 [c 1743.13]

XAUUSD long 1757.55 [c 1760.06]

Tags:Gold, Silver
Posted in Finance, Forecast, Forex, Gold, Investing, Markets | Leave a Comment »

Fri July 22

22 July 2011 - 11:28 am UTC

EURUSD short 1.4385

Gold and Silver sideways again.

Gold and Silver bearish warning strengthens.

Equities and EURUSD bounced yesterday as suggested.
As seen in sticky chart above – monthly chart has been tracking sideways this year. This distribution and topping signifies that the big picture uptrend is ending and a significant downtrend will follow.

XAUEUR short 1116.84 [c 1106.47]

Posted in Forecast, Gold | Leave a Comment »

Fri July 15

15 July 2011 - 10:19 am UTC

Gold [XAUUSD] daily chart above shows big move ahead.

Recurring substantial S&P500 buy support results in my
indicators now suggesting a significant equity rally is possible.
DOW cash index last 12,443

Gold and Silver bullish daily chart strengthens.

USDCAD short 0.9541 [c 0.9541]

XAGUSD long 38.650

XAGUSD long 38.252 [38.671]

[S&P500 buy support returns thus dragging up gold and silver]

USDCHF is now EXTREMELY oversold.
USDCHF long 0.8163 [c 0.8157]

Gold and Silver gives short warning. Daily is bullish but very
overbought, weekly is neutral.

XAGUSD short 38.170 [c 38.151]
USDSEK long 6.5116 [c 6.5215]
EURSEK long 9.2086 [c 9.2139]
XAGUSD short 38.626 [c 38.492]
USDCAD long 0.9590 [c 0.9593]
EURSEK long 9.2048 [c 9.1976]

Posted in Forecast, Gold, Markets, Trading | Leave a Comment »

Fri May 27

27 May 2011 - 10:36 am UTC

More USD selling pressure detected..

USDCAD short 0.9766

NZDAUD short 0.7635

XAUAUD long 1434.13 [close 1434.06]

The potential short term equity rally once again looking uncertain.
When DOW/SP500 downtrend does resume – market consensus
should be clearer. Futs last 12,401

USDJPY long 81.034 [81.100]

Equity selling pressure has now strengthened – this unstable market
is getting close to it’s overdue correction. Futs last 12,396

USDJPY long 81.035 [close 81.005]

GBPUSD short 1.6417 [1.6431]

More USD selling pressure detected which of course is bullish for
stocks, AUDUSD, EURUSD etc. When this recurring USD selling
does cease – the market reaction will be immense.

XAUUSD, XAGUSD, EURUSD daily resumes choppy sideways action
- tracking recurring SP500/DOW buy support and USD sell pressure.
The equity rally possibility mentioned earlier and then cancelled has
now returned. So (short covering imo) equity rally is likely.This does
not change overall bearish outlook. Futs last price 12,426

USDJPY short 81.421 [close 81.015]
XAUAUD short 1452.35 [close 1428.70]

Posted in Finance, Gold | Leave a Comment »

Thurs May 26

26 May 2011 - 10:18 am UTC

The USD rally gets closer …

Key equity index charts are increasingly bearish and unfortunately
a major sell off is guaranteed. I get no joy from being so bearish but
that’s what the indicators say.

USDJPY short 81.421

USDCAD daily chart is now bullish and further upside is expected.

XAGAUD short 36.341

AUDUSD short 1.0582 [closed 1.0587]

Needless to say bullish intra day DOW / SP500 signal again
overpowered by increasingly bearish DOW / SP500 daily chart so
no rally. Last futs 12,384

GOLD and SILVER signal remains clear.

DOW / SP500 / FTSE / USD signals are too conflicted atm so will stay
with SILVER / GOLD shorts. Need to wait for stocks to roll over which
should then result in clearer signals.

XAGUSD and XAUUSD now give a sell warning – last $1,526

XAGAUD short 36.121 [close 35.090]

All these conflicting signals is more evidence of market dislocation and
an indication that other markets want to correct but are being delayed
by stocks in my opinion.

USDJPY long 81.848 (charts give varied mixed signals) [closed 81.964]

Yep, another (short covering) equity rally may be ahead.
DOW futures last 12,393

————————————————————————————
In response to reader requests for Treasury Bond analysis :

10 Year U.S. Treasury Futures
Daily – bearish/neutral
Weekly – neutral
Monthly – bullish/neutral

30 Year U.S. Treasury Futures
Daily – bearish/neutral
Weekly – neutral
Monthly – bullish/neutral
————————————————————————————

USDJPY short 81.78 [close 81.84]

GBPUSD short 1.6311 [close 1.6308]

That recurring USD sell pressure and DOW/SP500 buying support
returns once again so the inevitable sell off may be delayed a bit
longer.

XAUAUD short 1452.35

XAUUSD short 1527.61 [close 1527.84]

Tags:Gold, Silver
Posted in Gold, Stocks, Trading | Leave a Comment »

✽ Market Analysis ✽