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13 years 4 weeks ago #4473
by WaveSurfer
Replied by WaveSurfer on topic Gold
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13 years 3 weeks ago #4529
by Jackozy
Gold's hourly chart had bullish divergences at the recent low c. 1564 so that was a clue to go long. By my reckoning, this has completed 3 waves down but I think it's going to form a double three since 1564 is not really important enough to cause a trend reversal (IMHO). I therefore think that it'll make a new high above 1587 before dropping to the 1525 area in a further 3 wave move.
Granted that there's some supposition in the above.
Here's the hourly chart:
dl.dropbox.com/u/20815047/Goldhourly05_03_13.gif
I'm therefore going to look to go short at 1592/7 with a stop above 1602.
Granted that there's some supposition in the above.
Here's the hourly chart:
dl.dropbox.com/u/20815047/Goldhourly05_03_13.gif
I'm therefore going to look to go short at 1592/7 with a stop above 1602.
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13 years 3 weeks ago #4553
by jonamacg83
Replied by jonamacg83 on topic Gold
Looks like you called this perfectly Jackozy - well done.
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13 years 2 weeks ago #4697
by WaveSurfer
Replied by WaveSurfer on topic Gold
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13 years 2 weeks ago #4703
by WaveSurfer
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13 years 2 weeks ago #4725
by WaveSurfer
Replied by WaveSurfer on topic Gold
Still watching this , here's what it looks like now:
dl.dropbox.com/u/40497882/Gold%20Weekly_March2013v2.JPG
WaveSurfer wrote: Here's something to keep an eye on
dl.dropbox.com/u/40497882/Gold%20Weekly_March2013.JPG
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