NeoSeemadong

Gold Weekly Technical Outlook Written by Oil N' Gold | Sat Sep 11 10 05:14 ET Comex Gold (GC) Gold climbed further to as high as 1264.7 last week but lost momentum ahead of 1266.5 record high. Subsequent fall and break of the near term channel support is taken as the first sign of reversal. Initial bias is mildly on the downside this week for deeper fall. Decisive break of 1210.2/1211.7 cluster support (50% retracement of 1155.6 to 1264.7 at 1210.2) will confirm that whole rebound from 1155.6 is finished and will bring deeper fall towards this support level. On the upside, note again that we will not turn bullish in gold before decisive break of 1266.5 record high. In the bigger picture, the stronger than expected rise from 1155.6 and its persistence dampens our bearish view. In any case, we'll refrain from turning bullish and thus stay neutral before a break of 1266.5 resistance. Below 1211.7 support will confirm that rebound from 1155.6 is finished and reaffirm the case that such rally is merely the second leg consolidation from 1266.5. In such case, we should at least see a retest of 1155.6 support. However, decisive break of 1266.5 will indicate that medium term rally is still in progress for 1300 psychological level. In the long term picture, the view that 1266.5 is a major top looks shaky now. But in any case, considering bearish divergence condition in weekly MACD, a major top should be near, even if it's not formed. We're expecting sizeable correction after topping, with possibility of a breach of 1000 psychological level. Though, there is no indication of long term up trend reversal yet. We'd maintain the long term bullish view and expect whole up trend from 1999 low of 253 to continue to 100% projection of 253 to 1033.9 from 681 at 1462 level after completing the anticipated correction. Comex Gold Continuous Contract 4 Hours Chart Comex Gold Continuous Contract Daily Chart Comex Gold Continuous Contract Weekly Chart Comex Gold Continuous Contract Monthly Chart

Technical Analysis for Precious Metals Analysis | Commodity Technical Analysis | Written by ecPulse.com Fri Sep 10 10 02:58 ET Gold The inability to breach 1265.00 after several attempts pressured the metal into a downside wave in the past two days. In classic terms, gold exited the ascending channel and consolidating below the 20 & 50 MA which is placing more bearishness on gold. Momentum indicators are oversold which might help the metal to stabilize again above the MA to breach 1265.00 yet failure to do so will initiate a temporary intraday downside move for today in an attempt to regain bullish momentum. The trading range for today is among the key support at 1222.00 and key resistance now at 1274.00. The short term trend is to the upside targeting 1365.00 per ounce as far as areas of 1120.00 remain intact. Support: 1245.00, 1242.00, 1237.00, 1232.00, 1226.00 Resistance: 1249.00, 1252.00, 1258.00, 1265.00, 1270.00 Recommendation Based on the charts and explanations above our opinion is selling gold around 1252.00 targeting 1222.20 and stop loss above 1265.00 might be appropriate

Technical Analysis for Precious Metals Analysis | Commodity Technical Analysis | Written by ecPulse.com | Fri Aug 27 10 02:56 ET Gold AS noted in yesterday's report, gold depreciated as a correctional move in order to extract the momentum indicators from the overbought areas. Currently the precious metal is trading above the MA 20 and 50, while the harmonic technical pattern is still valid. The upside channel that formed gold's harmonic pattern still points that the metal will ascend further, which supports suggestions that the metal will rise to test 1256.00 that is considered a potential reversal zones (PRZ) for the technical pattern. An upside trend is projected for the remainder of today that will remain valid as long as trading persist above the main channel's support levels at 1217.00, which is supported by a cross intersection on the stochastic oscillator. The trading range for today is among the key support at 1217.00 and key resistance now at 1265.00. The general trend over short term basis is to the upside targeting 1365.00 as far as areas of 1120.00 remain intact. Support: 1235.00, 1232.00, 1228.00, 1224.00, 1219.00 Resistance: 1245.00, 1249.00, 1252.00, 1256.00, 1260.00 Recommendation Based on the charts and explanations above, our opinion is buying gold around 1235.00 targeting 1256.00 and stop loss above 1219.00 might be appropriate

Technical Analysis for Precious Metals Analysis | Commodity Technical Analysis | Written by ecPulse.com | Fri Aug 20 10 02:39 ET Gold Gold is still moving between 61.8% Fibonacci level at 1224.00 and 76.4% at 1239.00 for our previous proposed IM wave from 1265.00 to 1156.00. We still need more confirmation that gold could start the bigger third wave and that is why we should watch out the price behaviors between those levels until a big move occurs to define whether this Elliott count is valid or not. We still keep the neutral outlook. The trading range for today is among the key support at 1210.00 and key resistance now at 1255.00. The general trend over short term basis is to the upside, targeting 1365.00 per ounce as far as areas of 1120.00 remain intact. Support: 1226.00, 1224.00, 1219.00, 1216.00, 1210.00 Resistance: 1235.00, 1239.00, 1245.00, 1249.00, 1252.00 Recommendation Based on the charts and explanations above our opinion is, staying aside until a clear sign appears between 1224.00 and 1239.00 levels to pinpoint the upcoming big move.

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Don't forget to watch! อย่าลืมชมนะครับ Two moons on 27th August 2010 จันทร์ 2 ดวงในวันที่ 27 สิงหาคม 2553 27th Aug the Whole World is waiting for............. 27 สิงหาคม วันที่โลกรอคอย Planet Mars will be the brightest in the night sky starting August. It will look as large as the full moon to the naked eye. This will cultivate on Aug. 27 when Mars comes within 34.65M miles off earth. Be sure to watch the sky on Aug. 27 12:30 am. It will look like the earth has 2 moons. The next time Mars may come this close is in 2287. Share this with your friends as NO ONE ALIVE TODAY will ever see it again. ดาวอังคารจะสว่างที่สุดในตอนกลางคืนเริ่มตั้งแต่เดือนสิงหาคม มันจะโตเท่ากับจันทร์เต็มดวงด้วยสายตาเปล่า มันจะเต็มที่ในวันที่ 27 สิงหาคม เมื่อดาวอังคารจะอยู่ห่างจากโลกเพียง 34.65 ไมล์ อย่าลืมชมท้องฟ้าในคืนวันที่ 27 สิงหาคม เวลาเที่ยงคืนครึ่ง มันจะดูเหมือนโลกมีดวงจันทร์สองดวง ครั้งต่อไปที่ดาวอังคารจะเข้ามาใกล้ขนาดนี้ก็ปาเข้าไปปี ค.ศ.2287 โน่น (เอา 543 บวกเข้าไปก็จะได้เท่ากับ พ.ศ. 2830 โน่น คงไม่มีใครที่มีชีวิตอยู่ในวันนี้จะได้เห็นมันอีก

Technical Analysis for Precious Metals Analysis | Commodity Technical Analysis | Written by ecPulse.com | Mon Aug 16 10 02:35 ET Gold It seems that, gold intended to reach 61.8% Fibonacci for the descending rally from the historical high of 1265.00 to the short term bottom at 1156.00. As we discussed before, this declining wave has taken IM structure and thus; we believe that gold might reverse from 1224.00 zones and even if it corrected until 1239.00-76.4% Fibonacci-, the bearishness probably will dominate the movements from one of the above mentioned 2 levels to activate the bigger third wave. Any daily closing above 1239.00 could damage this suggested Elliott count. The trading range for this week is among the key support at 1183.00 and key resistance now at 1255.00. The general trend over the short term basis is to the upside, targeting $ 1365.00 per ounce as far as areas of 1120.00 remain intact. Support: 1210.00, 1203.00, 1198.00, 1196.00, 1187.00 Resistance: 1224.00, 1232.00, 1239.00, 1245.00, 1249.00 Recommendation Based on the charts and explanations above our opinion is, selling gold around 1224.00 targeting 1196.00 and stop loss above 1240.00 might be appropriate.

ผมว่า ม่ายชายนะ ผีเสื้อน่าจะเป็นยังงี้ (ต.ย /12.04.10.10)

GOLD: Bullish Recovery Resumes Analysis | Commodity Technical Analysis | Written by FXTechStrategy | Sat Aug 14 10 03:41 ET GOLD: Bullish Recovery Resumes GOLD: Having halted its three-day declines and triggered higher prices on Thursday, risk of further strength is now likely targeting the 1,217.90 level, its July 13’10 high. A clearance of there will open the door for more gains towards the 1,265.05 level, its 2010 high and possibly higher. Its daily RSI is bullish and pointing higher supporting this view. However, if pullbacks materialize, we should see further weakness targeting the 1,203.98 level, its July 23’10 high with a cut through there allowing for more downside towards the 1,166.15 level, its Aug 02’10 low. Further down, support resides at the 1,156.80 level. All in all, Gold has triggered a recovery higher and now eyes the 1,217.90 level and beyond.

Technical Analysis for Precious Metals Analysis | Commodity Technical Analysis | Written by ecPulse.com | Fri Aug 13 10 02:48 ET Gold With a break of 1210.00 yesterday, the classical pattern which was discussed yesterday couldn't be formed and that is why we said yesterday that a breakout below 1192.00 was needed. Let us discuss the suggested Elliott count over the same four hour interval. Actually, we are facing a very sensitive case as the IM wave from 1265.00 to 1156.00 was clear but the current corrective 'A-B-C' structure is not clear but anyway, there are levels are awaited to activate a big reversal action. First, 61.8% of the IM at 1224.00 and second, 76.4% of IM at 1239.00 and now eight dollars separate between current price of gold and 61.8%, while a bearish harmonic pattern was formed on Stochastic so our outlook will be neutral today to watch out the price behavior around the aforesaid levels. The trading range for today is among the key support at 1192.00 and key resistance now at 1235.00. The general trend over short term basis is to the upside, targeting 1365.00 per ounce as far as areas of 1120.00 remain intact. Support: 1210.00, 1203.00, 1198.00, 1196.00, 1192.00 Resistance: 1219.00, 1222.00, 1224.00, 1227.00, 1232.00 Recommendation Based on the charts and explanations above our opinion is, staying aside until a clear sign appears to pinpoint the upcoming big move.

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Technical Analysis for Precious Metals Analysis | Commodity Technical Analysis | Written by ecPulse.com | Wed Aug 11 10 03:09 ET Gold Gold achieved a successful re-testing action for yesterday's broken support line of the secondary ascending channel. The decline occurred after touching this broken line is to declare that the bearish pressure might continue over intraday basis. Actually, our previous explained Elliott cycle is still valid and one more breakout below the pivotal support levels of 1198.00 will bring panic sell-off movements to activate the third wave. The trading range for today is among the key support at 1172.00 and key resistance now at 1224.00. The general trend over short term basis is to the upside, targeting 1365.00 per ounce as far as areas of 1120.00 remain intact. Support: 1198.00, 1196.00, 1192.00, 1187.00, 1183.00 Resistance: 1203.00, 1210.00, 1212.00, 1216.00, 1219.00 Recommendation Based on the charts and explanations above our opinion is, selling gold with a breakout below 1198.00 targeting 1176.00 and stop loss above 1216.00 might be appropriate.

Technical Analysis for Precious Metals Analysis | Commodity Technical Analysis | Written by ecPulse.com | Tue Aug 10 10 03:43 ET Gold Beneath the lower line of the ascending channel shows solidity for 161.8% Fibonacci level for wave A, seen on the provided chart. The sharp decline from this aforesaid level created a bearish candlestick pattern on the daily basis, while Stochastic has overlapped negatively as shown on the secondary chart. Thus, the suggested Elliott count is still in favor and all what we need is a decisive breakout below the key support level of 1198.00, to add more negative pressure on the metal. As far as 1224.00-61.8% Fibonacci of the entire bearish rally from 1265.00 to 1156.00 remains intact the bearishness might dominate the movements over intraday and mat be short term basis. The trading range for today is among the key support at 1172.00 and key resistance now at 1224.00. The general trend over short term basis is to the upside, targeting 1365.00 per ounce as far as areas of 1120.00 remain intact. Support: 1198.00, 1196.00, 1192.00, 1187.00, 1183.00 Resistance: 1203.00, 1210.00, 1212.00, 1216.00, 1219.00 Recommendation Based on the charts and explanations above our opinion is, selling gold with a breakout below 1198.00 targeting 1176.00 and stop loss above 1216.00 might be appropriate.

Technical Analysis for Precious Metals Analysis | Commodity Technical Analysis | Written by ecPulse.com | Mon Aug 09 10 03:02 ET Gold Reconsidering our suggested Elliott count, which we explained in details in the past wee, we can see a completion scenario for the grand second wave as it retraced sharply from 161.8% Fibonacci level of A wave at 1210.00. Actually, this aforesaid level met 50% Fibonacci level of the entire descending rally from all-time high of 1265.00 to 1156.00. Thus, we are not completely sure if the metal has placed the second wave completely or it can touch 1224.00-61.8% Fibonacci of the first wave-. The bearishness is in favor during this week as far as trading remains below 1224.00 zones to form the bigger third wave. The trading range for this week is among the key support at 1165.00 and key resistance now at 1245.00. The general trend over the short term basis is to the upside, targeting $ 1365.00 per ounce as far as areas of 1120.00 remain intact. Support: 1198.00, 1192.00, 1187.00, 1183.00, 1176.00 Resistance: 1210.00, 1216.00, 1224.00, 1232.00, 1235.00 Recommendation Based on the charts and explanations above our opinion is, selling gold with a breakout below 1198.00 targeting 1165.00 and stop loss above 1224.00 might be appropriate.

Technical Analysis for Precious Metals Analysis | Commodity Technical Analysis | Written by ecPulse.com | Fri Aug 06 10 03:12 ET Gold The negative crossover, which appears on Stochastic of the daily chart-secondary image-, could assist the metal to achieve our bearish technical expectation. The negative scenario is based on the suggested Elliott count, where three internal waves are awaited to be activated to the downside to form "B" wave. To recap, possible bearishness could be witnessed over intraday basis. The trading range for today is among the key support at 1165.00 and key resistance now at 1220.00. The general trend over short term basis is to the upside, targeting 1365.00 per ounce as far as areas of 1120.00 remain intact. Support: 1192.00, 1187.00, 1184.00, 1176.00, 1172.00 Resistance: 1198.00, 1203.00, 1209.00, 1211.00, 1216.00 Recommendation Based on the charts and explanations above our opinion is, selling gold with a breakout below 1194.00 targeting 1173.00 and stop loss above 1211.00 might be appropriate.

Technical Analysis for Precious Metals Analysis | Commodity Technical Analysis | Written by ecPulse.com | Thu Aug 05 10 03:05 ET Gold Gold declined sharply after touching the initial resistance areas of 1203.00, forming an obvious negative divergence as seen on OsMA indicator. This negative divergence alongside the negative sign appearing on Stochastic argue that the 'A' wave might has been placed already, and the metal is on its way to form 'B' according to our suggested Elliott scenario. Thus, the intraday basis could be bearish, particularly if it breached 1184.00 zones. The trading range for today is among the key support at 1165.00 and key resistance now at 1220.00. The general trend over short term basis is to the upside, targeting 1365.00 per ounce as far as areas of 1120.00 remain intact. Support: 1187.00, 1184.00, 1176.00, 1172.00, 1165.00 Resistance: 1196.00, 1198.00, 1203.00, 1209.00, 1211.00 Recommendation Based on the charts and explanations above our opinion is, selling gold around 1194.00 targeting 1173.00 and stop loss above 1211.00 might be appropriate.

Technical Analysis for Precious Metals Analysis | Commodity Technical Analysis | Written by ecPulse.com | Wed Aug 04 10 02:27 ET Gold Today, we will suggest an Elliott count for movements that started at the all-time high of 1265.00. As we see on the provided four-hour chart, gold formed 5 waves earlier -Impulsive wave- and we think that 'A' wave is on its way to be completed within 5 internal waves; indicating that the corrective structure could take zigzag shape'5-3-5'. Consequently, 3 waves to the downside are awaited to form 'B' wave but we still need more confirmation that 'A' wave was completed. We can get this confirmation if the metal breached 1184.00. Thus, our outlook will be neutral today until we see what will be the price behavior during the coming sessions. The trading range for today is among the key support at 1162.00 and key resistance now at 1220.00. The general trend over short term basis is to the upside, targeting 1365.00 per ounce as far as areas of 1120.00 remain intact. Support: 1187.00, 1184.00, 1176.00, 1172.00, 1165.00 Resistance: 1196.00, 1198.00, 1203.00, 1209.00, 1211.00 Recommendation Based on the charts and explanations above our opinion is, staying aside until a clearer sign appears to pinpoint the upcoming big move.

Technical Analysis for Precious Metals Analysis | Commodity Technical Analysis | Written by ecPulse.com | Tue Aug 03 10 02:50 ET Gold The strength of the suggested neckline for the bearish classical pattern has forced gold to show downside actions, where the metal came below the pivotal support levels of 1184.00. Thereby, we believe that the re-testing movements were completed and it might move downwards over intraday basis. A break of 1172.00 could open the door for panic sell-off actions, retargeting 1156.00. The trading range for today is among the key support at 1156.00 and key resistance now at 1216.00. The general trend over short term basis is to the upside, targeting 1365.00 per ounce as far as areas of 1120.00 remain intact. Support: 1176.00, 1172.00, 1165.00, 1158.00, 1155.00 Resistance: 1184.00, 1187.00, 1192.00, 1196.00, 1198.00 Recommendation Based on the charts and explanations above our opinion is, selling gold around 1184.00 targeting 1163.00 and stop loss above 1198.00 might be appropriate.

Technical Analysis for Precious Metals Analysis | Commodity Technical Analysis | Written by ecPulse.com | Fri Jul 30 10 03:09 ET Gold Gold is moving very calmly for the third consecutive day and that's why we prefer looking at the weekly chart for the time being. Nothing changed over weekly bars after achieving the obvious breakout below the uptrend line, which carried the movements from 680.00 to all-time high of 1265.00 zones. Therefore, we keep our suggested bearish outlook over intraday basis, supported by the four technical factors, mentioned in our weekly report. The trading range for today is among the key support at 1137.00 and key resistance now at 1192.00. The general trend over short term basis is to the upside, targeting 1365.00 per ounce as far as areas of 1120.00 remain intact. Support: 1162.00, 1158.00, 1149.00, 1144.00, 1137.00 Resistance: 1172.00, 1174.00, 1176.00, 1183.00, 1187.00 Recommendation Based on the charts and explanations above our opinion is, Selling gold with a breakout below 1166.00 targeting 1144.00 and stop loss above 1184.00 might be appropriate.

Technical Analysis for Precious Metals Analysis | Commodity Technical Analysis | Written by ecPulse.com | Thu Jul 29 10 02:35 ET Gold Tranquility controlled the movements of the metal after achieving the breakout below the uptrend line, which we discussed earlier. Henceforth, the negative four technical factors that we discussed in details in our weekly report are still awaited to assist gold to show potential downside actions over intraday basis. We don't want to forget that we use the weekly time interval and consequently, the short term basis also is still negative. A break of 1158.00 could accelerate the suggested bearishness. The trading range for today is among the key support at 1137.00 and key resistance now at 1187.00. The general trend over short term basis is to the upside, targeting 1365.00 per ounce as far as areas of 1120.00 remain intact. Support: 1158.00, 1152.00, 1149.00, 1144.00, 1137.00 Resistance: 1166.00, 1172.00, 1174.00, 1176.00, 1183.00 Recommendation Based on the charts and explanations above our opinion is, Selling gold around 1166.00 targeting 1144.00 and stop loss above 1184.00 might be appropriate.

Technical Analysis for Precious Metals Analysis | Commodity Technical Analysis | Written by ecPulse.com | Tue Jul 27 10 03:15 ET Gold Gold is currently attacking the uptrend line, which has carried the movements from 680.00 to the all-time high of 1265.00. It is trading around the critical levels of 1184.00 zones-which we discussed its role in details earlier- and we see on the subsidiary image how a negative crossover appeared on Stochastic of daily basis. This bearish overlapping could assist the metal to breach the trend line. A break of which will assure the four negative factors, which discussed in details in our weekly report and we recommend reviewing it. To recap, potential bearishness could be seen over intraday basis. The trading range for today is among the key support at 1165.00 and key resistance now at 1209.00. The general trend over short term basis is to the upside, targeting 1365.00 per ounce as far as areas of 1120.00 remain intact. Support: 1176.00, 1174.00, 1172.00, 1165.00, 1158.00 Resistance: 1187.00, 1192.00, 1196.00, 1198.00, 1203.00 Recommendation Based on the charts and explanations above our opinion is, Selling gold with a breakout below 1183.00 targeting 1158.00 and stop loss above 1202.00 might be appropriate. Ecpulse

Gold Daily Technical Outlook ONG Focus | Technical | Written by Oil N' Gold | Mon Jul 26 10 08:18 ET Gold Daily Technical Outlook Comex Gold (GC) Intraday bias in Gold remains neutral and some more consolidation might be seen above 1175.1 first. Nevertheless, recovery is expected to be limited by 1218.8 resistance and bring fall resumption. Below 1175.1 will target 1166 key support next. However, a break of 1218.8 will dampen our bearish view that gold has topped out in medium term and will turn focus back to 1266.5 high. In the bigger picture, gold's rally from 1044.5 should have completed at 1266.5. More importantly, whole medium term rise from 681 might have finished with five waves up too, on bearish divergence condition in daily MACD. Sustained trading below 55 days EMA (now at 1203.2) will affirm this case and bring deep correction to 1044.5 cluster support (38.2% retracement of 681 to 1266.5 at 1042.8) at least. Comex Gold Continuous Contract 4 Hours Chart Comex Gold Continuous Contract Daily Chart

Technical Analysis for Precious Metals Analysis | Commodity Technical Analysis | Written by ecPulse.com | Mon Jul 26 10 02:44 ET -------------------------------------------------------------------------------- Gold Gold is presently facing very sensitive areas after touching the uptrend line, which has carried movements from 680.00 to an all-time high of 1265.00. However, there are negative technical factors that could assist the metal to breach this aforesaid trend line as follows: 1- The bearish harmonic AB=CD pattern that could take it towards the second technical objective of the pattern at 61.8% of CD leg around 1125.00 zones. 2- The suggested Elliott count as wave 'A' isn't completed yet. 3- The obvious bearish sign of AROON indicator. 4- The negative divergence of OsMA, which still has downside targets to be reached. Thereby, potential bearish actions could be seen during this week, but not before breaching the uptrend line. The trading range for this week is among the key support at 1135.00 and key resistance now at 1232.00. The general trend over the short term basis is to the upside, targeting $ 1365.00 per ounce as far as areas of 1120.00 remain intact. Support: 1187.00, 1183.00, 1174.00, 1165.00, 1155.00 Resistance: 1198.00, 1203.00, 1209.00, 1211.00, 1216.00 Recommendation Based on the charts and explanations above our opinion is, selling gold with a breakout below 1183.00 targeting 1145.00 and stop loss above 1211.00 might be appropriate. --------------------------------------------------------------------------------