Posts Tagged ‘Gold’

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

Wed June 1 [b]

1 June 2011 - 6:43 am UTC

DOW / SP500 / FTSE / DAX / PRICE ACTION TODAY IS
IMPORTANT DUE TO ADDITIONAL TECHNICAL DAMAGE
THAT COMMENCED IN FEBRUARY.

 


XAUUSD (Gold in USD) weekly chart shows steep uptrend and reveals
how far it is from long term trendline. This over extension will revert to
the mean and I still expect significant Gold downside once equity
sell off resumes.

 

THE CORRECTION HAS RESUMED 16:35 GMT

EURSEK long 8.9079

Key equity index daily charts remain bearish and counter trend
bounces have been weak. The correction should resume soon.

CURRENT TREND = SP500 bearish 14:03 GMT

EURAUD choppy basing on daily and weekly continues and futher
upside expected.

EURSEK basing on daily and weekly continues and futher upside still
expected.

CURRENT TREND = USDX bullish-neutral / EURUSD bearish-neutral
GBPUSD bearish / SP500 bearish-neutral 10:55 GMT

Back to GBP down leg.
GBPUSD short 1.6477

CURRENT TREND = USDX neutral – EURUSD neutral – AUDUSD
bearish/neutral – DOW-SP500 moderate bullish.

GBPUSD short 1.6486 [closed 1.6454]
More sideways chop.

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

Fri April 22

22 April 2011 - 1:56 pm UTC

‘COPPER has ignored the recent equity bounce. Daily and weekly
are not bullish’ ~ March 31, 2011

The weekly chart of the ultimate leading indicator has been tracking
sideways throughout this year. This is not bullish and suggestive of
what lies ahead.

GOLD and SILVER both of which have run further than expected, are
now extremely overextended and SILVER has gone vertical.
The eventual reversal should be just as spectacular.

EURUSD short 1.4618 [closed 1.4559]

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Fri April 15

15 April 2011 - 10:26 am UTC

USDCHF long 0.8931 [closed 0.8928]

EURSGD short 1.7944

EURUSD may have topped at last. We will see. Last 1.4431

USDCHF long 0.8934 [closed 0.8935]

USDCAD short 1.9640 [closed 1.9635]

DOW/S&P500 buying support returns yet again.

NZDUSD short 0.7957 [closed 0.7951]

USDCHF long 0.8931 [closed 0.8939]

NZDUSD short 0.7932 [closed 0.7947]

XAGUSD (SILVER in USD) monthly chart is no longer parabolic.
It is now vertical and the inevitable reversal won’t be pretty.

DOW/S&P500 buying support returns yet again, resulting in more
sideways non trending markets. Daily charts remain bearish though.

NZDUSD short 0.7897 [closed 0.7926]
USDTRY long 1.5253 [closed 1.5221]

Tags:, , , ,
Posted in Forecast, Gold | Leave a Comment »

Tues March 8

8 March 2011 - 12:47 am UTC

USDJPY choppy daily chart continues to give bullish warning so
(choppy) upside is expected. Weekly is not bullish though.

I’m sticking with my March 7 call that EURUSD topped at 1.4035 on
March 7 and marks the beginning of the leg down.

USDCHF bullish warning strengthens.

AUDNZD short 1.3788

EURAUD – bullish
AUDNZD – bearish

———————————————————————————————————-
Recap of a Feb 16 post:

Have been asked to give a concise summary of what I see ahead.
When DOW/S&P500 etc. overdue correction commences, I expect:

UP:
US Dollar, various USDXXX currencies, VIX Index

DOWN:
EURUSD, AUDUSD, NZDUSD, Base metals like COPPER, CRUDE OIL,
GOLD/SILVER
———————————————————————————————————-

I’m sticking to my call on Feb 22 that DOW topped @ 12,391
on Feb 18 2011 and thus signals the end of the rally.

 

GOLD updated monthly chart shows converging price action which
should lead to a breakout (south imho) Bottom red line is the long
term trend. Both red lines are suggestive of a broadening formation.
Monthly chart is very overextended…

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

Sat Jan 29

29 January 2011 - 12:53 pm UTC

GOLD and SILVER daily chart has gone sideways while a right hand
shoulder develops on the possble head and shoulders pattern on the
weekly chart. Weekly indicators still warn of significant GOLD and
SILVER downside.

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Thurs Jan 27

27 January 2011 - 11:28 am UTC

The equity rally since Aug 2010 has continued for a few months
longer than I expected – similar to what happened after I began my
warnings in early 2007 but the market decline didn’t start until mid
2007.

Despite market intervention/QE – natural market forces can not be
stopped – only delayed. When the market does reassert control -
the reaction (the overdue correction) may be even more extreme
due to that delay.

Warnings have been given by GOLD / SILVER and this week by
COPPER and CRUDE OIL.

S&P500 bank sector index daily chart gives bearish signal.
*
EURUSD 240 min chart reverts to bearish mode as equities sell off.
*
EURUSD selling pressure returns…
*
EURUSD 240 min chart gives bearish warning and vice versa for USD.
Last price 1.3637
*


DOW very overextended daily chart shows price converging.


EURUSD daily chart shows price converging and contained within a
possible rising wedge.

Tags:, , , , ,
Posted in Economy, Forecast, Trading | Leave a Comment »

Mon Jan 24

24 January 2011 - 8:55 am UTC

EURUSD daily chart is bullish again, so back to the rally…
*
EURSGD / EURCAD daily and weekly are still bullish.
*
EURUSD trend direction fluctuates once again.
*
Gold and Silver downtrend continues. This signal should not be
ignored in my opinion.
*
AUDEUR long 0.7284 [closed 0.7301]
*

FTSE weekly charts show updated rising wedge scenario.
*
EURUSD 240 min chart goes bearish and the usual USD strength
reappears. The equity correction and USD rally get closer…
*
AUDEUR long 0.7284
*
NZDAUD long 0.7682 [closed 0.7669]
NZDUSD long 0.7581 [closed 0.7587]
*
AUDEUR short 0.7307 [closed 0.7256]

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Fri Jan 7

7 January 2011 - 9:25 am UTC

XAUUSD / XAGUSD / XAGAUD daily chart bear signal continues.
XAGAUD short 28.91
XAGUSD short 28.881
*
USD choppy short term trend is fluctuating again.
USDDKK long 5.7336 [closed 5.7338]
*
USD bullish short term trend strengthens.
S&P500/DOW/FTSE/DAX/ASX200 daily chart bearish warnings
strengthen.
*
XAUUSD / XAGUSD / XAGAUD daily chart bear signal continues.
*
XAGUSD short 28.881
USDDKK long 5.7336
*
USD choppy short term trend reverts to bullish.

USDDKK long 5.7276 [closed 5.7329]
USDSGD long 1.2952 [closed 1.2956]
*
USDDKK long 5.6902 [closed 5.7249]
USDSGD long 1.2948 [closed 1.2960]
XAGUSD short 28.964 [closed 28.972]
*
XAUUSD and XAGUSD (gold and silver in USD) daily chart bear signal
continues.
*
XAGUSD short 28.964
USDSGD long 1.2948
USDDKK long 5.6902

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