7 replies to this topic

[barbu]

SPX

 

http://forexrainbow....78946482174.jpg

 

http://forexrainbow....38431694627.jpg

 

 

 

Gold

 

Posted 01 May 2016 - 04:42 PM http://www.traders-t...-gold/?p=745910

A new consolidation is the likely outcome , the up-tick movement may end any date next week.  medium-term and long-term is bullish. short term support 1271/1269, 1246 1230 +/-

 

Gold made first attempt on support 1271-1269, and reversed at 1271.7

 

http://www.chartuplo...41952809312.jpg

[rramslan]

Hi Barbu: You have 2054.89 as the low for Wednesday. I have 2045.57 for the low on Wednesday. 2054.89 was the low on Tuesday. I always read your threads.

[barbu]

Hi Barbu: You have 2054.89 as the low for Wednesday. I have 2045.57 for the low on Wednesday. 2054.89 was the low on Tuesday. I always read your threads.

 

Hi rramslan

 

Thank You for pointing out the error.

i made a mistake in my chart (pasted a wrong number). after double-check in my charting tool, it should be 2045.55, you got 2045.57.

here is the revised chart.

http://forexrainbow....76860684838.jpg

[dougie]

SPX
 
http://forexrainbow....78946482174.jpg

 
http://forexrainbow....38431694627.jpg
 

 
 
Gold

Think she is done on downside here for next mop onto barbu?
 
Posted 01 May 2016 - 04:42 PM http://www.traders-t...-gold/?p=745910
A new consolidation is the likely outcome , the up-tick movement may end any date next week.  medium-term and long-term is bullish. short term support 1271/1269, 1246 1230 +/-
 
Gold made first attempt on support 1271-1269, and reversed at 1271.7
 
http://www.chartuplo...41952809312.jpg

[barbu]

Gold

Think she is done on downside here for next mop onto barbu?

 

Hi dougie

consolidation means price moving in between resistance and supports

The obvious resistance is 1306.1, the recent high 1303.5 can be interpreted as the first attempt on 1306.1 so that a pullback after the failed attempt is quite natural action. There is no way for sure to perceive how deep the pullback and when it will break the 1306.1 hurdle. However, Eric Hadik suggested: The middle half of June 2016 is the next phase of a related ~90-degree low-high-high Cycle Progression, more detailes see: 04/28/16 INSIIDE Track: http://40yearcycle.c...ing-major-lows/

 

 

http://forexrainbow....16376515122.jpg

 

supports and resistance:

http://www.chartuplo...64905699319.jpg

 

http://forexrainbow....51395496137.jpg

 

 

 

SPX

 

The key battle is around 2039-2040, the pivotal point is 2041.87

 

http://forexrainbow....81851095347.jpg

[barbu]

 

SPX

 

The key battle is around 2039-2040, the pivotal point is 2041.87

 

http://forexrainbow....81851095347.jpg

 

 

 

SPX hit 2039.45, and then reversed up. the 0.618/2057.88 resistance blocked the upward movement.

The first attempt on the key zone 2039-2040 failed, I guess as long as the bounce is contained below 2065-2062, the second attempt on zone 2039-2040 will commence soon.

 

http://forexrainbow....88179087295.jpg

[dougie]

thanks

[johngeorge]

barbu

 

Again you bring the good stuff!  Sure appreciate it.  Thanks from me as well. 

 

Best to you.