GOLD

[dumbass]

gold chart from all time high counts best as a corrective move lower.

it doesnt look like a new impulse wave lower but overlapping corrrective waves.

downward channel developing with possibilty of 680 coming into play which may be a good place to look for a reversal.

i reckon it could be a bottom in, and a leading diagonal in wave 1 position

wave 2 in progress which should provide a safe entry for a long.

maybe 700 with a stop at 670

[arco]

Hi DB.
Short at the moment, currently +1195

......................looking for the target area.


Heres a picture link if the chart doesn't show up well enough.

http://www.aussiestockforums.com/for...1&d=1225395093

[dumbass]

hey arco, what is your target area cant see it on chart

[arco]

Hi DB

Action has slowed up a bit, but 50% of the up move
is 729.90

Currently +1470

rgds - arco

[dumbass]

im hoping for a nice abc zigzag maybe printing a gartley if the gods are kind.

waiting for a test of 61.8 for a long

[arco]

Hi DB

I've just closed that one off.....gotta be happy with +2100

rgds - arco


better picture here if you want it

http://www.aussiestockforums.com/for...1&d=1225413871

[arco]

.
Nice start ........................

First trade of a new week on the rejection off bearish Kumo

+1000 just taken

GTA - arco

Or better pic here.
http://www.aussiestockforums.com/for...1&d=1225740607

[arco]

There was no Ichi signal on Gold before I closed up the office last night, but Silver gave a signal on the 15M.

I left the order without a TP but being in the Land of Nod I missed the opportunity to grab a decent profit circa +600 near the high of 10.532 (entry 9.892). Anyway current profit +325

SL is above entry, so I be monitoring closely to see how it performs.

GTA - arco

improved chart here
http://www.aussiestockforums.com/for...1&d=1225829165

[peat]

i noticed this morning that silver seemed to have retraced a lot more than gold.... seems to be the poor ugly sister these days....

[arco]

.

Yeah...a bit slow now Peat - I took +323