Bursa Maniac

If this gold's 60 months cycle doesn't bring people to lose money, gold is very likely to shoot up very fast again soon. U.S.A. is very likely to increase its debt ceiling to prevent a default. Once they do that, gold and silver should continue shooting up at even faster speed.

USD is weakening now, Euro and Aussie are strengthening. Before it able to stand above 1320 firm then 1346 should say still early to able to shoot up .But i sense something is going on behind the scene, the physical demand is shooting up very fast based on fundamental analysis. I dunno if the white man will short paper gold together with other big banks again this time.

If this time gold really continues to shoot up, it probably will shoot to very very high in a short period of time. Last 3 days, news came out that Chinese government said they are very fed up with the way the American government managing their debt. And also hinted they probably will slowly reduce their purchase of U.S. bond. This is not a good sign for U.S. dollar, and a good sign for gold and silver. In the world of internet there are so many article about GOLD which to follow , which to believe , which one is the most trusted ? Chart & number never lie.  Gold has been going down, volume and open interest are also low, it could be a sign that it has bottomed.

China now has more billionaire than ever, means chinese purchasing power is increasing, they will buy more gold. Indian rupee is also strengthening, Indian will buy gold also.


Gold is preparing for a bear market rally based on Trend Following's MACD.
Resistances are the yellow and red moving averages.
Note: day chart is in USD/oz format.  If GOLD able to break up above 1292 will have big action to north else may deep further south.

Now at short term TC of high it might move down first yet before it able to go above 1346 important Auto R/S say any north action is still too early. Look like I am the only one dont know how to read USD index , cos i really dont know why have USD index and also how the USD Index was calculated. Gold from TC study it should have reach TC of high, from support and resistance at 1359 will be it resistance point , refer to it previous nearest high 1350 was it the point.
Trend following ! now what is the trend of GOLD up or down trend ? which article able to tell me what trend now if follow the trend following strategies ?
If use TC study I think is much easy to apply on to trend following strategies ,why ? just because when during TC price will drop so is down trend we just follow the trend.

Gold looks good again, what do you guys think ? let's discuss.

Gold's main markets are traded during US session . London gold is also traded during US session. FGLD is traded only during Asian session. Night market volatility will be brutal for our market. Furthermore, OKLI and SSF have become failed products. FCPO is traded by traders around the world. it is more successful than many other major futures markets .FCPO not much local people trade as far as I know, brokers told me once. But FCPO volume and liquidity is world class already, slightly worse than Soybean oil which is a far older product. FCPO is actually far more preferred than FKLI among Malaysians. If there is no retailers , then don't trade FGLD ... margin set at RM1000 is to lure in the retailers. i got enough margin to trade US gold but i don't trade gold. I am gold bug so I just buy some to keep. Each year October I will buy some as it is seasonal weakness period.

It is pitchfork, and multiple pitchfork can be said. Linear Regression Lines or Devil Pitchfork or 3 Silver Linings pattern, or any pattern we can name it. Pitchforks don't appear all the time, I still got problem recognizing pitchforks, stick to channels good enough.  I forgot to mention that Pitchforks has a handle but lines parallel to the pitchforks can be drawn and laid over the Pitchfork and the Pitchfork is deleted or hidden so that there are only trendlines shown. OK look at this 15min Chart ,Look at the 10 MA ,25MA and 50 MA how they move together when they move together after they meet what will happen ,what was the relation of price bars and MA. Why I can have accurate TC points , was just because I read the price movement first , the price bars tell me some info from the info let me more easy to find TC points. Most of the people use news info as their guide of reading charts for me i use price bars to read chart, was the price movement create the news not the news create chart movement.

Bought gold at $1,375 just now... Daily Alligator Jaw was supporting it, so I bought when it quickly bounced up. Shall took profit at 1388 waiting to see what's next move.

This type of candlestick formation is Tower Bottom, should be bullish at the moment being, Tower Bottom is one big candle sell down, after that several small candles ranging and building a base, then one big candle up to show sellers no longer able to press the price down any further. I can see the support at the 200 MA candles still under the other MA,so I'm cannot confirm about the move. I just use intraday hourly chart to look at the gold movement found the rebound was just because of the intraday TC of low at 6/9/13 18hrs. I think I could have forgotten the daily chart movement.

GOLD if not able to hold above 1404 but go below 1384 beware , if it go south after about +-5 days will be TC low support 1350.

On 5/09 had said after 5 trading from the said date should be a TC of low now look like I am 1 more time correct , if GOLD able to go above 1331 ,1357 should have some resistance then 1380 will have another resistance at this point have to be alert if not able to hold and break GOLD price might turn south again . GOLD had move down as i predict if it break below 1350 the next support 1261.

Well for me because US is too far away from here I have no money to buy ticket to wall Street see how they trade and hear what they said .Secondly I had always post some thing about DJI so that is what was in my mind.  However, GOLD is my favorite and best investment ever.

Crude oil has been trapped in a triangle for years. And now is approaching the apex of the 9-wave triangle... Life or death of crude oil depends on the direction of breakout. Watch Out !! 


after seeing its volatility today, sensed something is moving in the shadow. This might be a wrong interpretation, but the large volume is disturbing me. Today in brokerage firm i saw many people placed short orders, they are all gong to be killed next week.

Where should the GOLD head to ? I believe sure some group of people in this world they knew it cos they are the market maker.
From TC study around 2 more trading day will have a TC point, if from the chart show it should hold at around 1322 , because at that price traders may cover short and some traders will also long at previous low as a support, if the big boy going to trap those traders they may press down the price to 1258 as shown(blue arrow), if when really reach 1258 will cos people got panic then panic selling may happen so will it press the gold down to around 1156 ?
Human are very very funny !!! During yr 2011 after Oct we able to read many report and article about GOLD said that gold will move up again ,will go above 2000 , even during mid yr 2012 still people said GOLD sure will move up again .
Now we see GOLD had drop to about 1320 start to see people said the fall has not complete yet. hehehe.
It only proven that u will become right by going against the crowd.

learn a painful lesson to join the crowd in November 2011 when everybody was bullish. Peter Schiff said "the entire world is buying gold" in November 2011.
Read from the chart have a feel that GOLD should have a big action , move to north or to south still not able to figure out yet .
Ok make it this way if it able to move firm above 1388.7 GOLD have good chance to go north if go below 1384 it may go bearish.

The above was my 2 cents view only don't use it as a trading guide.

Take a close study on gold chart again now found chance of go south is higher unless it able to hold above 1590. 4 more days should be TC low , if next 4 days TC low yet is above 1590 mean the north movement will be strong. Yes chart won't lie but you have to understand it language , if you read it wrong every thing upside down. Was lucky that GOLD always move as what I predict ,this make me more confidence else I have to unlearn every thing.

May be can let it drop to 1566 gold still under safe position. So today was the 4 more day said on 28/3/13, let say if today was the last day to south mean will start move north then able to break 1608 to 1615.8 make sure it break 1622 , then I think 1620 wont be a problem.
If the rebound not strong ,for me I wont be surprise to see it go south to 1510.
If it going to move up not too late , if it going to go south further is still time all depend on how you look at it.


DONT TAKE IT SERIOUS my 2cents view.play at your own risk,you make just buy me a cup coffee I will be very happy

Had just found out that GOLD Auto support/Resistance had move up from 1694 to 1723 that is why on 12/12/12 not able to hold firm above 1724.
Recall some yrs ago we created this Auto resistance and support was use it for our Bursa stock only, seem it really work for any chart. 

I used an uptrend channel to buy gold as well at 1699. Stop loss 1692. Still in the trade. Its like a 50/50 chance for me to win atm. If break down, gold already broke that uptrend channel from June this year. Well honestly say during early 90s and before I believe no one use TC as a tool for trade include me , so totally not a surprise that you didnt use TC to trade.Even at around yr 2000 was hardly to google article about Time cycle .
About 2005 I start expose TC at some web site, at bout June 2008 I predict the crude oil Timing of high, after that period then I able to see more articles about Time cycle on the web . GANN also talk about time too.

Gold latest update: Gold and Indian Rupee have a very strong connection, Gold tends to be strong when the Rupee is strong. A picture says a thousand words, let's pay attention to Indian Rupee more closely now.

Indian Rupee made a new low in June 2012, while Gold made a higher low in the same month. This divergence shows very high probability that Gold has bottomed in June 2012 (The exact time George Soros & John Paulson increased their gold holding positions)

If gold has bottomed in June 2012, this could be the end of gold's ABC corrections and is now forming the Wave 5 up to break $1,920 and sail smoothly to $2,000 and then $2,500.

 At your own risk.

Recent daily gold chart mirrors the chart pattern from year 1968-2000. But the bull is back?


We had enjoyed some market profits from our macro-forecast in Spot Gold prices. In last report, we covered the prediction of market moving down from 1750.00 to 1660.00 though the actual low reached 1672.00 regions. In this snippet, we shall continue to outline the forecast of both Spot Gold and Spot Silver prices while moving towards end November.

The market focus in early November was the winning election of Obama as U.S. President. Precious metals rattled up quickly from the bottoms stated in above paragraph owing to more widespread expectation of weaker dollar in the wake of stimulus favored by the President since 2009.

However, we have been following our technical studies on PowerWave Trading TM and the market psychology on tracking the market trend. In our opinion, they could be overbought in such a short time if the prices are pushed up further. The eventual outcome will be another draw down again that traps the bull traders. 

While Spot Gold prices have been recovering from 1672.00 levels to current 1740.00 levels, we reckon a good opportunity to pick short entry at the topside range of 1745.00 - 1750.00 regions if you encounter this prices before 21 November. Likewise, Spot Silver has been reversing up from 30.660 levels to 32.300 levels since early November. We prefer to pick short entry from 33.450 - 33.500 areas for a quick downfall towards the end of this month.

On the hind side, we predict the Spot Gold prices will trade in mild bearish sentiment from 1750.00 levels down to 1690.00 areas again before the month shifts to December. In the same period, Spot Silver is prone to fall back from 33.500 levels to 31.000 areas. Abandon your short-view for both markets unless the markets break free from the resistances mentioned herein.


Bear in mind that this is only a temporary bull trap for making a eye-washer to the long traders. The coming December could be the beginning of a new up run in both Spot Gold and Silver markets as both instruments usher into 2013. Good luck and make your last shorting profits this month before re-planning to establish your long portfolio in commodity markets!

Gold chart to forecast it movement:


What London Bullion Metal Association said just match what I had said early this yr gold may move up around 2013 mean break the curse of The Lazy Chair. Why 1843 did LBMA explain KYP? had study the gold chart found the possible reason(my reason) for gold to stop at 1843 resistance point. Gold merchants generate positive news and articles to sell gold at higher price. Chartists see the chart language and tell the truth. Gold at 1699 should have support if not able to hold firm gold may have chance to go as low as 1675 it next support, tomorrow may see the result. The next day will be around 11st Dec or the next 9 trading days.

Now Gold had really confirm Weekly TC of high with I had said on 15/9 , if it price not able to hold at about 1742 , I think it should be able to hold at it important support of 1696(red line), what happen if that too weak for the gold to hold there the next support will be around 1670.
The attach chart tell every thing Time cycle also work perfect.

Hold around 1739 . All the system I use was been tested for more than 50 time found work fine then I dare to say is a workable system or method . after that then i dare to tell friends my support or resistance.when just start try it found work may be that was just coincidence not really work .

Yesterday both the 1 hour and 4 hour gold charts, we can see both closed at 1733 the candlesticks showed these. i thing interpretation of 1733 also matched my own analysis. Gold Gold Gold every one mad on her , if she not able to push above 1760 and stand firm there I don't see any reason it will move further north , that mean we may able to see she go south to about 1710.

"Fall down 7 times, Stand up 8."
~ Chinese Proverb



Fall down 7 times, stand up 8' is also a Japanese proverb, the Chinese and Japanese are quite similar in many ways.

Now it seems at 1600s gold prices still seem hard to break 1700, that also means the big boys are still unable to distribute all their gold to claim total profit , so they still need to sell it lower (probably 1500s to 1300s) to completely distribute all their gold to liquidate their positions ?
because not everybody was willing to buy gold at 1900 and 1800, so prices dropped to 1500s for the big boys to take profit easily.

Our Maybank started Silver saving account is strong indication of Precious metal uprising again, congratulate to our controller wise move, to help keep gold & silver in rakyat..
China done this 2 years back, follow by vietnam, india , brasil, & all..
A good strategy to counter unscrupulous American USD.


When economy no good, people also don't have enough money to buy gold, but they need to sell gold to raise cash.  I realize that Italy is one of the PIGS countries which has the 4th largest gold reserve in the world, when this country is in trouble, they will unload a lot of gold to raise cash, which in turn will depress the gold price far below the $1,500s territory.

Gold broke out the descending triangle and a lot of people are too early to be happy.

What you see is what you get


 Any thing is possible in price changing market, if we study from the historical data of gold can know that after a big shoot up will have A,B,C, cycle of high, the D cycle will be higher than C , so will this round change the rule of the game? A very different shape in between AB and BC + a uptrend always never have 3rd lower pt for all the financial index, especially look at the chart of DJI and others important indexes nowadays, give us a hint to its future trend.
I always dont buy the idea that when bank buy in GOLD or other metals will make the GOLD move up yet is only a small bank in this world Silver it is just follow the foot step of the Gold. China now also a world biggest importer of gold also wont make the gold price up, GOLD move go south again now 1661.25. I had thinking before now economy so bad when gold price move up will only make more people to sell their gold not to make people jump into gold .


MACD ? I don't like to use it cos it is always a step slower. MACD now about 17 it low was about 49 and it high was 64, so mean MACD at it 50/50. let look at my TAS it is so high now about 89 so there is more chance for the gold to go down.

When EU financial crisis settle down n no war in middle east ... Gold will fall.
Some how i agree, but my reason is they hold the price high so that they can liquidize it, after they have release the gold then they press it down. During this days I watch the gold market found that during our night time the gold move more active than day , so mean most of the time the western are play with it.

I take some time to compare US stock market vs GOLD found that gold will move fast and go high most of the time during US stock are weak. Surf into Forexpro web page study the GOLD intraday chart(10min), found that if gold keep move north at around 1674 will have some resistance, it just match to the reading from daily chart.

GOLD really that bad ? try to find it TC point found that another 2 more day should be it TC point don't tell me that gold will really touch 1588 ? If gold not able to hold firm above 1670 may turn south again. I am waiting for gold to break 1800 as it failed to break that level for twice (Nov 2011 & Feb 2012). Usually the third attempt will turn out to be successful (technical analysis - rectangle sideway pattern usually breaks out after the third touch).

When gold go south if able to hold above 1761 mean it still strong , go below 1747 beware .
May be use EW gold had complete A B C D E small wave, i had forgot how the wave count because I not use it for a long long time.  One more interesting thing is QE3 was launched above the monthly alligator support line.