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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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salehi
bandar lengeh, Iran
Posts: 17
14 years ago
Dec 2, 2010 18:34
sell gold
Gunjack
UK
Posted Anonymously
14 years ago
Dec 2, 2010 9:18
@Forum can others see the inverse H&S in CL?? 88.25 is the neckline target there IMHO...the santa claus rally seems to have started
chloethebull
Canada
Posted Anonymously
14 years ago
Dec 2, 2010 3:31
looks like oil trying to break outta that h&s pattern but that hammer is at the top of the band deffin needs a catylyst to move it +-..:)
chloethebull
halifax, Canada
Posts: 1183
14 years ago
Dec 2, 2010 3:10
possible hammer forming on my mth-4hr chart..hopefully i said that correctly:) gl
DaveO
N.Cornwall, UK
Posts: 5733
14 years ago
Dec 1, 2010 23:25
Yes Chloe but remember Ashraf alerting binary behaviour now probable for the DX correlation ! We have already seen some of that !
chloethebull
Posted Anonymously
14 years ago
Dec 1, 2010 22:21
yup i agree daveo best to stand aside an wait for clarity,i entered a small long position in usdcad but im holding a cash position in cad..so if cad gets stronger i;ll convert my money back into usd,but if usd get stronger i get paid on the other end..an i actually want usd to weaken back to paridy:):)..its funny they were talkn(cnbc) today about $$ strength &risk appitite strength an can both continue to move higher..i say 1 has to give an its just too hard figuring out which 1..if i was a betting man i say risk appitite off but the fed is the wild card an they been quiet lately so be careful there not ready to let there $$ move up yet ..ok gl every1:)
DaveO
UK
Posted Anonymously
14 years ago
Dec 1, 2010 22:01
The gold H&S is now invalidated as far as I am concerned but for bears it could be a wave 2 up forming. If true we have symmetry coinciding with a 78.6% ret level at 1403 to 1404 so lets be sure to watch that #

The high today also hit the 78.6% ret of the move down from the 1417 high but I expect the current pattern on 60 min chart to make another pop up to the aforementioned level at least.
DaveO
N.Cornwall, UK
Posts: 5733
14 years ago
Dec 1, 2010 21:41
Last coupla days both crude and gold (and cad) been alerting both H&S''s highly suspect. Fading these two markets was not a good thing to do imo. Its more prudent to stand aside and await clarification rather than try to catch an exact high or exact low. Heroes often get eaten alive :-)
Gunjack
London, UK
Posts: 1184
14 years ago
Dec 1, 2010 19:38
@lucky careful with that short...quite a few of us went long CL around 86, as once 85.9 broke CL was ramped higher...u should get on stocktwits the crude oil stream is v good
subway90
Posts: 1078
14 years ago
Dec 1, 2010 19:06
gold could be heading higher.... upside target would come in around 1480 if it breaks to new high...

break below 1350 is a signal(would likely confirm H&S) and break again below 1330 confirms move down to 1200...
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