SURE HOPE THAT IS NOT A BIG H&S
12/04/15 Misc.
GDX:
- the first resistance is 14.9, then 15.4, 16.1 and 200 SMA (it is still descending)
- this is a speculative sector
Gold:
- as of 12/04, the recent high-low is 1191.4-1046.20, 0.236 is 1080.46
- so, the price also meet the early entry bar, a proper Stop is required.
US/Euro Zone is on different cycle phase, the wild card ic China.
GDX reversed before the first support 14.9 (retraced 50%), currently jogs on the “thin icy” supportive trend.
The winter sunlight is dim.... Gold is not shinny.
,
US/Euro Zone is on different cycle phase, the wild card ic China.
imho: In the next 5 - 10 years, the new "troika" ( USD EURO YUAN) "territorial map" will determine the "fate" of the Gold. Carton in the following quote link says all
America is pulling one way, China the other: will the global economy sink or swim?
Sunday 6 December 2015 02.00 EST Guardian
Gold - GDX NUGT DUST (2)
Started by
barbu
, Nov 30 2015 11:12 AM
14 replies to this topic
#11
dougie
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- Traders-Talk User
- 9,070 posts
Member
Posted 08 December 2015 - 09:50 PM
#12
barbu
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- Traders-Talk User
- 265 posts
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Posted 14 December 2015 - 12:14 PM
- GDX session high 14.20, low 13.69, session 12/01 is ongoing.
- GDX recent high 17.04 (10/15), recent low 12.92 (11/18),
- imho: the gauge for an early entry is 13.89@0.236. a proper Stop is required
- Gold: not yet, (1084.21@0.236, 1191.4-1051.1)
GDX
- 14.86 (12/04) - 12.92 (11/18)
- 0.618 13.66, session low 13.69 (session ongoing @ this writing)
- not good.
Perspectives:
(1) Zimmel on Gold: dim & grim
Free Amanita Newsletter © Copyright 2015 Manfred Zimmel
Short interview of Manfred Zimmel on the year 2016
page 5
http://www.amanita.a...ewsletter-e.pdf
(2) The Weekly Re-Lay
Erik S. Hadik INSIIDE Track Trading Friday, December 11, 2015 - 5:24pm
http://www.consensus...e-track-trading
#13
barbu
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- Traders-Talk User
- 265 posts
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Posted 25 December 2015 - 10:12 PM
12/25/15
Status:
not much change since the last update.
USD met resistance, got rejection so far.
Gold is holding the key support
GDX marked a higher low (12.92, 14.86, 13.30 ), early birds ?
Gold/USD “love” story: (Eric S. Hadik, INSIIDE Track Trading)
http://www.consensus...1215spl-itt.htm
USD:
11/04/15
- Fictitious Economy cycle is about how to “move” capital according to a predetermined
- strategic time table, However, China is "pulling" USD's leg with his deliberative tactic
- maneuver. Let’s see what will happen ....
11/30/15
- USD to test the late March high 100.78
- long term range 121.02 (July/01)-70.69, 0.618@101.69
- resistance 100.78, 101.8-102.15
as of 12/25/15
GDX:
12/01/15
- GDX recent high 17.04 (10/15), recent low 12.92 (11/18),
- imho: the gauge for an early entry is 13.89@0.236. a proper Stop is required
as of 12/25/15
Gold
11/05/15
- The inverse relationship between Gold price & USD index comes back
- The correlation Comes and Goes, no one knows when it ends for sure
11/19/15
- price is very speculative
- price has retraced 50% approximately, $1086 (0.500), $1920- Sep/2011 - $252- Aug/1999.
- short term support zone (1) 1077.5-1044.8
- short term support zone (2) 1041.5-1032.8
11/30/15
- longer term
- 1920.20 (Sep/11)-682.80(Oct/08)
- 1155.49(0.618)-1103.52-1051.55-999.57-947.60(0.786) (quad division)
-
- 1920.20 (Sep/11)-252.00(Aug/99)
- 1086.10(0.500)-1036.89-987.68-938.46-889.25(0.618) (quad division)
recent low 1046.3 observed on 12/03, 0.236 @1080.64, 0.382 @1101.73 (range 1191.4-1046.3)
it seems the supportive trend line is holding the price recent high 1191.4
London Fix Prices http://www.kitco.com/gold.londonfix.html recent low 1049.40 PM 12/17/15
#14
barbu
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- Traders-Talk User
- 265 posts
Member
Posted 07 January 2016 - 05:28 PM
Review:
11/19/15
- price is very speculative
- price has retraced 50% approximately, $1086 (0.500), $1920- Sep/2011 - $252- Aug/1999.- short term support zone (1) 1077.5-1044.8
- short term support zone (2) 1041.5-1032.8
11/30/15
- longer term
- 1920.20 (Sep/11)-682.80(Oct/08)
- 1155.49(0.618)-1103.52-1051.55-999.57-947.60(0.786) (quad division)
12/25/15
- recent low 1046.3 observed on 12/03,
- it seems the supportive trend line is holding the price
Status & Outlook:
- The Zone 1 from 1077.5 (low in July 2015) to 1044.8 ( Low in February 2010) is still holding the ground.
- Gold price bounced off the supportive trend line, how high it can go is Everybody’s guess
- imho: A weekly closes above prior two Lows (1098.8, 1104.7) will confirm short term bullish signal.
Eric Hadik gives his view about the “The Golden Year”
THE WEEKLY RE-LAY January 7, 2016
http://www.consensus...0102tec-itt.htm
This is the last post for this thread, will open a new thread upon the status.
