Jigneshのブログ

Avatar

Gold Approaching Channel Support

The Bullish trend in Gold caught quite a few by surprise in February. Though after slowing momentum and consolidating in March, the precious metal seems all but forgotten in April.
The Chart below shows a channel around the consolidation that we have been seeing as we are on the verge of potentially making a big bullish break.
Tomorrow's price action will be crucial in determining the direction in Gold. A close around these levels would setup a very bearish weekly candle.
Will be looking for a s…
全て読む
翻訳する: 英語 オリジナルを表示
もしくはコメントを残す
Avatar

Metals on the move once again

The past few days we've seen a bit of a move in the metals. Actually we are once again seeing a big divergence between silver and Gold. Today Gold being about flat on the day, while silver broke to new highs.
In fact, Silver was up 3% yesterday, and at the time of writing 1.5% today.
In the past when we've seen such a divergence, it led to a bearish reversal. Will this time be the same?
Here is the weekly outlook in Gold
The pair is threatening to break out of a longer term weekly channel, thoug…
全て読む
翻訳する: 英語 オリジナルを表示
もしくはコメントを残す
Avatar

Gold Fakes lower but closes above Support

Ahead of the key testimony tomorrow from Yellen, which will decide the near term fate of the USD, Gold made a bearish downside break. The move occurred mid day and took out a daily trendline as well as a key 61.8 fib retracement. However, the below chart shows the metal managed to rally back and close above the trendline and fib retracement.
Such moves are very typical and referred to as 'fake-outs' which usually happen before a big move. With Gold setting up for a larger potential bullish move,…
全て読む
翻訳する: 英語 オリジナルを表示
もしくはコメントを残す
Avatar

Gold - Extension to 1340 still in play

This month I submitted to the Technical Analysis Contest a chart that shows a top in Gold. However, there is still a larger potential for another leg to the upside..
The above chart shows a completed ABC structure in Gold to the 1300 Area.
This chart shows on the hourly a structure to the downside has completed. On the charts, I've marked this downside move prematurely as a WX Structure, expecting a Y leg to take the Metal lower. However, the Daily chart can easily do a WXY structure instead mov…
全て読む
翻訳する: 英語 オリジナルを表示
もしくはコメントを残す
Avatar

Gold to Continue Bearish Trend

Gold is in a long term down trend and has seen some bullish momentum to start the year. The shiny metal has approached some resistance however and the wave count shown below indicates a turning point.
The metal should be under pressure for the month of February, but as the daily trend is currently bullish, dips may be bought causing some volatility to the downside.
Levels
1307.47 - Jan High
1301.00 - Jan Daily close High
1282.88 - Fib Retracement - 50% (1132.08 - 1433.70)
1265.95 - Fib Re…
全て読む
翻訳する: 英語 オリジナルを表示
SalviLeana avatar
SalviLeana 2015年01月30日

Good job ! Great

Jignesh avatar
Jignesh 2015年02月09日

Gold has already surpassed the target on the back of a strong NFP number that took out several support levels.  Currently sitting just Below 1240, the pairs looks like it has just broken a flag patter and looking to retest lows

Jignesh avatar
Jignesh 2015年02月25日

Gold looks like it may have made a bottom here at 1200.    It has surpassed the targets.  We can see some bullish movement into the end of the month, but reaching targets with 2 days left does not look likely

もしくはコメントを残す
Avatar

Gold showing some struggle at key psychological level 1200

After making a big push lower, Gold is showing signs of struggle taking out the 1200 level.
This area is a major support zone with the pair having been bid up several times from this area over the years.
On the smaller cycles, the pair has already broken a minor trendline. As well showing divergence in RSI as indicated by the eclipse.
Is the metal looking to bottom once again in this area for another leg higher?
XAUUSD - 1H Chart
全て読む
翻訳する: 英語 オリジナルを表示
もしくはコメントを残す
Avatar

Gold Update

The Gold Trade that I had posted about previously is coming along really nicely. If you have not seen the previous posts, please click on the links below
Anticipating Breakout In Gold - May 22
Gold Charts & Analysis - May 23
The trade setup that I discuss, is a triangle, I had a bigger position before the breakout, and have been adding to my position as the trade is panning out. My original trade stopped out, I made a big mistake by moving the stop too soon and too close, but I re opened at a …
全て読む
翻訳する: 英語 オリジナルを表示
shanziester avatar
shanziester 2014年05月30日

wow,  is this real account bro?

shanziester avatar
shanziester 2014年05月30日

alert me about your webinar. I need to know the buy signal.  I suck at trading gold

dennison avatar
dennison 2014年05月31日

SuperB......sir

Jignesh avatar
Jignesh 2014年06月02日

shanziester - Yes, real account.  This week my webinar's start at 16:00GMT every day (Mon-Fri).Gold can be tricky, but it actually trades very technical.  This week we will look at levels to short it again for another big leg lower.

Jignesh avatar
Jignesh 2014年06月02日

Thanks dennison

もしくはコメントを残す
Avatar

Gold Charts & Analysis

In my last post I showed the Bollinger Band setup for Gold. It shows price compressing which usually means a breakout will follow.
Here is my Daily Elliott Wave count on Gold. I presented this to viewers of my Dukascopy webinar about a month ago. It looks like we can see a breakout any moment now.
The longer term view as per the chart is a large triangle consolidation which forms the (B) wave of wave (Y) the final wave down in Gold. Targets for this setup can reach as low as 800 or conservat…
全て読む
翻訳する: 英語 オリジナルを表示
Olga18375 avatar
Olga18375 2014年05月27日

interesting article!

もしくはコメントを残す
Avatar

Anticipating Breakout in Gold

The Volatility in Gold has been Decreasing since about mid April, I've posted a daily chart with Bollinger bands below. As the volatility decreases, the bands compress indicating a big breakout is pending.
There is also a triangle in play on Gold, which looks to be a bearish B wave triangle, which will leads into the C wave continuing the down trend which started on March 16 @ 1388.
First targets for this move would be around 1200, with possibility to go much lower.
A close above the upper band…
全て読む
翻訳する: 英語 オリジナルを表示
もしくはコメントを残す