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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 8936
Forum Topic:

Gold, Oil & Indices (Equity & Bond Indices)

Discuss Gold, Oil & Indices (Equity & Bond Indices)
 
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DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Aug 10, 2011 18:07
I don't rate psychological targets in the absence of previous chart history. Gold is in uncharted waters.
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Aug 10, 2011 18:06
how so ? why not 1820 or 1840 or 1850 ?
Qingyu
manchester, UK
Posts: 1763
13 years ago
Aug 10, 2011 18:04
1830 is pure psychological target...
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Aug 10, 2011 17:57
I see the basis of your crude projections
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Aug 10, 2011 17:55
chandra, please define your 1830 target, how derived ?
chandra
chittorgarh, India
Posts: 13
13 years ago
Aug 10, 2011 17:39
IF CLEAR 1800 THEN GOLD TAKE 1830 CRUD CLEAR 83.15 THEN 87-90.TK
Qingyu
manchester, UK
Posts: 1763
13 years ago
Aug 10, 2011 17:29
AL have same mind as you on stock indices.
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Aug 10, 2011 17:15
gold daily t/f is now a good example of stochastics remaining overbought for as long as price action dictates. Stochastics of no value in a mkt such as this.
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Aug 10, 2011 17:13
I would not recommend fading gold at any level unless you see a lower timeframe sell signal and will be alert to abort your short trade for preferably no loss.
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Aug 10, 2011 17:10
Judging NYSE internals and daily pattern I am not expecting stocks to take the LOY (low of yesterday). Of course I could be wrong in this crash scenario.
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