Followers

Friday, March 30, 2012

DXY bullish to take place next week?

Based on the DXY daily chart, is the fact that its soft landing just above the Aug2011 support trendline, the DXY bullish likely to take place next week whereas Gold look the most vulnerable to the downside.

Thursday, March 29, 2012

Tired Crude Vs Gold

As I mentioned in previous post, the crude is too tired to climb and hold again, now it started set to drop from here, crude will break as it already going too far since early of Feb12, thus gold will follow too.

Wednesday, March 28, 2012

Gold drop back and to complete its trend cycle soon

As I mentioned in last post, gold ready to drop back into its parabolic trend channel, it done already. Now gold shall continue its trend down to around USD1604 before the next rally and it will come in play otherwise the rules will break.

Monday, March 26, 2012

Gold was went extreme but ready to drop again

Interestingly, gold was went extreme and penetrate a bit the upper parabolic trend channel, it is very unlikely to go up further unless US economy crash over night, thus gold to drop from here into its parabolic trend channel again to somewhere around USD1604.
















Thursday, March 22, 2012

Gold to struggling hard before bottomed

Let look at the 4 hourly chart, gold was struggling hard to climb back up, most likely will go parabolic move as picture above.

Wednesday, March 21, 2012

Gold will drop very soon!!

Let look at the 4 hourly chart, gold was reaching at the edge of a cliff , it shall drop from here very soon, then and then, gold still says USD1604.
 

Monday, March 19, 2012

Strong Dollar Vs Gold

Let look at the 5 hourly DXY, it going to hold firmly since correction on 16/3/12, so it will rebound from here? as long as it can hold...

But let look at the daily chart, seem very firm and shall continue its way up again?
It is more likely gold to pull down more as DXY's near-term is turning up.

Tired crude to pull gold down?

Since crude did climb up like " mission impossible" early of Feb12, now it seem too tired to climb again and hold, so it suppose to drop from here and rest for a while, thus gold to drop together before next rally. 

Gold Price to be bottomed soon (Corrected)


 Gold price will be bottomed as low as USD 1604, then gold will get free and turning up to certain level before down again.