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.