above 1358 indicates...............
#1
Posted 08 February 2011 - 11:48 AM
#2
Posted 08 February 2011 - 12:51 PM
http://www.zerohedge...tt-gold-tsunami
dharma
#3
Posted 08 February 2011 - 01:11 PM
$GOLD Daily Chart
Your thoughts..........do we need to see gold close over the 50 day sma to confirm this rally is for real? Thanks.
Best to you.
johngeorge
#4
Posted 08 February 2011 - 01:15 PM
jg- i watch the longer moving averages 150 and 200 for signals. the shorter term stuff is noise. for traders. 1375 is the next #in the price cycle clearing that would indicate that it wants to @least complete the cycle.dharma
$GOLD Daily Chart
Your thoughts..........do we need to see gold close over the 50 day sma to confirm this rally is for real? Thanks.
Best to you.
dharma
#5
Posted 09 February 2011 - 10:00 AM
johngeorge
#6
Posted 09 February 2011 - 10:37 AM
#7
Posted 09 February 2011 - 12:31 PM
#8
Posted 09 February 2011 - 12:53 PM
dharma:
I have several people I follow (and respect) that are looking for a mid-March low 1,220 to 1,260, after near-term strength over the next several weeks - then blastoff. I agree that 1,375 needs to be recaptured - from EW perspective Wave 1 could have ended with yesterday's high - with Wave 2 "shakeout" ending today or tomorrow morning - then Wave 3 will take us above 1,375.
That's what I'm watching ST. Intermediate-term I am less interested in Gold price - more interested in Miners, which are in the beginning of "dancing to their own tune" IMHO
stubaby
Few folks I follow are calling for continued correction with March bottom as well. Maybe we follow the same guys?
It's very well possible this recent upswing was nothing more than corrective.
Considering weekly intermediate cycle, yearly cycle, COT report, Sentiment, GTU nav, GLD % change, and good ol'Fundamentals.
My bias remains UP.
Edited by JGUITARSLIM, 09 February 2011 - 12:54 PM.
#9
Posted 09 February 2011 - 12:55 PM
stubaby- i havent seen the latest sentiment figures. but, i read every where that folks are looking for 1260the fib retracement. somehow i doubt the market accommodates them.dharma:
I have several people I follow (and respect) that are looking for a mid-March low 1,220 to 1,260, after near-term strength over the next several weeks - then blastoff. I agree that 1,375 needs to be recaptured - from EW perspective Wave 1 could have ended with yesterday's high - with Wave 2 "shakeout" ending today or tomorrow morning - then Wave 3 will take us above 1,375.
That's what I'm watching ST. Intermediate-term I am less interested in Gold price - more interested in Miners, which are in the beginning of "dancing to their own tune" IMHO
stubaby
dharma