Tronlink Wallet Airdrop: GOLD TREND Aug 6

Aug 10

Today gold bullion price 1610 Usd/Ounce , Gold Price and Trend Forecast : Sideway Up. Resistance 1621.4 1622.5 1623 / 1632.5 Support 1614.6 1613.5 1612.5 / 1603.5 From daily gold chart and indicators of slow stochastic, rsi, Macd, Moving average point that gold is in the trend of sideway down. Day gold trading :

Buy 1603-1608 , exit 1623--1626, stop loss 1598

Aug 09 Update

Long Term=Up (major resistance 1767-1804 needs to be exceeded on a monthly close) Medium Term=BEARISH (Major Resistance 1672-1705 Monthly Close) Technically in bearish mode until we close above 1672. The 1648-1668 area is first medium term resistance. Intermediate Term= neutral– Need a close above 1625 to favor a key intermediate term low and continue the bullish factor. Short Term= neutral– This thing can go either way. There are really only two key points of support on the downside to consider and that is the 1602-1608 area and then the next support point is all the way down at the 1575-1585 area. Thus if price starts moving under 1600 the odds will start shifting towards a bearish downward bias potential. A close above last week’s high adds to upside potential Support and Resistance for Thursdasy Initial Resistance for 1620-1630 and 2nd tier 1642-1648 Initial Support 1598-1608 and 2nd tier 1575-1585 Last night’s website update listed resistance at 1620-1630 and the high was 1620 basis SPOT. Support was listed at 1598-1608 and the low was 1606 basis December

What Next?

We got our mid week Wednesday pullback to the support area we targeted and the price of gold has gotten back to the 1620 area. THAT SEEMS TO BE THE AREA the control boyz are guarding. By using a tick chat I was able to see 7 different test attempts

Bottom Line

We were able to hold our support yesterday. Watch the purple trend line it as it continues to offer IMPOTANT SUPPORT. THE OTHER THING TO WATCH IS THE 1620 AREA. THEY ARE GOING TO TRY AND CONTAIN IT THERE AS THEY HAVE STOPPED IT SIX TIMES FROM GETTING ABOVE THAT ZONE. For those who trade on their own that is a real important place to watch and potentially where they will try and stop gold from rising.

Aug 09 TACTICAL CHANGE and REASONS

Some of you may have noticed that we’re not a CONSERVATIVE as we were and we even let price drop from 1622 all the way down to 1587 the reason being is that if we have resumed the Bull Market, it is going to be easier to be left behind on a good rally move and the PULLBACKS when they occur will HAVE A MUCH BETTER CHANCE OF NOT FOLLOWING THRU TO THE DOWNSIDE AND THEREFORE THEY WELL BE PLACES TO ADD. WITH THAT SAID --- THE OTHER SIDE OF THE COIN IS THAT THE WEEKLY TARGETS STILL NEED TO HAVE SOME PROFIT TAKING ESPECIALLY WHEN WE GET NEAR A SHORT TERM TREND CHANGE DATE. THE FIRST CHALLENGE HERE IS THAT 1630-1635 HAS A GOOD CHANCE OF BEING THE HIGH FOR THIS WEEK. IT’S A HARD DECISION TO DO SO BECAUSE LIKE WE SAID --- ITS ALSO DANGEROUS TO MISS A 20-40 DOLLAR MOVE IN A SNAP. SO IT’S A DELICATE BALANCE. TAKE THURSDAY FOR INSTANCE ---- THERE IS A POTENTIAL OF A PULL BACK THAT BEGINS. WE STILL NEED TO TAKE OUT LAST WEEKS HIGH IN ORDER TO ADD EVEN MORE CONFIRMATION OF A NEW TREND. THE IMPORTANCE OF WOULD ALSO GIVE THE CREDIBILITY. FINALLY --- IF THIS IS NOT A CYCLE INVERSION THEN WE’RE ABOUT TO MAKE A PEAK AND START HEADING DOWN. A NEW HIGH OVER LAST WEEKS WOULD ADD TO THE INVERSION CONFIRMATION. ONE FINAL NOTE === THE POTENTIAL TO PEAK TODAY AT 1620-1622 NEEDS TO BE WATCHED ALSO --- IF IT DOES PEAK THERE --- THE PULLBACK COULD TURN INTO AN ALL DAY PULLBACK

Aug 08 Update

Last night we discussed on the website the potential to move as far as 1603-1605 and based on that info we moved our stops down on positions. As it turned out so far the low is 1605.90 basis December. (4 dollars more than spot) As it turned out the low for the day was when New York opened and the rally ran up until 10 am New York time and after an attempt to move prices down, the market has tried to get above 1618 three times and is currently trading in a tight range. The penetration of the lower purple line was deeper than it usually does and the reversal back up was strong once the mini moving averages were exceeded. With this thrust it is again possible that gold is gearing to attempt a move to the next purple line at 1630-1635 where the first weekly high price target is. There is a higher line at the 1650. For now we’ll leave the expectation at the 1630 but keep in mind 1650 if price starts to escalate. One note of caution--- the high today is only 1619.50 and technically on a daily chart this will be a day with a lower bar if we don’t get past this level. Because we’re going thru a cycle inversion where the high and low points are trying to shift to a bullish position, I’m being very cautious. We need to exceed last weeks high for more confirmation In summary, the key now is if gold can get above 1622 and work toward 1630. I think the BOYZ are trying to stop it from getting above 1620-1625 as they know there will be a lot of buying that will come in. There is now THREE BIG spike highs there. PULLBACK support 1608-1611 ---- remain cautious --- but the uptrend is still intact.

Aug 08 Update

Long Term=Up (major resistance 1767-1804 needs to be exceeded on a monthly close) Medium Term=BEARISH (Major Resistance 1672-1705 Monthly Close) Technically in bearish mode until we close above 1672. The 1648-1668 area is first medium term resistance. Intermediate Term= neutral– Need a close above 1625 to favor a key intermediate term low and continue the bullish factor. Short Term= neutral– This thing can go either way. There are really only two key points of support on the downside to consider and that is the 1602-1608 area and then the next support point is all the way down at the 1575-1585 area. Thus if we start moving under 1600 the odds will start shifting towards a bearish downward bias potential. Support and Resistance for Wednesday Initial Resistance for 1618-1628 and 2nd tier 1642-1648 Initial Support 1598-1608 and 2nd tier 1575-1585 Last night’s website update listed resistance at 1620-1630 and the high was 1622 basis December. Support was listed at 1598-1608 and the low was 1611

What Next?

With mid week Wednesday here and with price right in the middle of the channel the potential for a pullback into late Wednesday or early Thursday offer the most likely time for it to develop. Since price is very close to last week’s high and since there both a high and a low price took place last week within the cycle window change, the short term cycle can still go either way turn down. If gold were to make a new high this week, then the odds would significantly increase that a cycle inversion is under way. If we made a new low then the downside would gain favor. The best take is we are pulling for the testing of support . If price is going to fail this cycle this is the most likely time for it to develop. Not that we favor that at the moment, but it just is. If we close below 1600 on Wednesday, the trend direction will come into question. The optimum scenario is for price to close above that lower trend line and then move to the upper one by Friday.

Bottom Line

That lower purple line will be where the decision is made on Wednesday

Aug 08

In fact the metal is trading within the same ranges since yesterday, although Gold retreated slightly with the start of the trading session, approaching 1600.00 level, the breakout of the symmetrical triangle is still in play, and thus the short term bullish setup is still intact .

The trading range for today is expected among the key support at 1570.00 and key resistance now at 1640.00.

The short term trend is to the upside targeting 1945.00 per ounce as far as areas of 1520.00 remain intact with a weekly closing.

Support: 1595.00, 1585.00, 1570.00, 1560.00, 1550.00 Resistance: 1610.00, 1615.00, 1625.00, 1630.00, 1640.00 Recommendation Based on the charts and explanation above, we recommend buying gold around 1605.00 targeting 1630.00 and 1670.00. Stop loss below 1590.00

Aug 07 Update

Long Term=Up (major resistance 1767-1804 needs to be exceeded on a monthly close) Medium Term=BEARISH (Major Resistance 1672-1705 Monthly Close) Technically in bearish mode until we close above 1672. The 1648-1668 area is first medium term resistance. Intermediate Term= neutral– Need a close above 1625 to favor a key intermediate term low and continue the bullish factor. Short Term= neutral– This thing can go either way. There are really only two key points of support on the downside to consider and that is the 1602-1608 area and then the next support point is all the way down at the 1575-1585 area. Thus if we start moving under 1600 the odds will start shifting towards a bearish downward bias potential. Support and Resistance for Tuesday Initial Resistance for 1620-1630 and 2nd tier 1642-1648 Initial Support 1598-1608 and 2nd tier 1575-1585

What Next? What it really comes down to this week is which CYCLE POINT will the market choose. WE have a high and we have a low during the cycle window and that leaves each side still open to choice. Should gold close move below 1600 and not close above 1605, the potential will greatly increase that the market has made its choice and we favor lower into MID-MONTH. There is the potential of an important stock market peak this week and the cycle that is arriving is usually a strong one down. Depending on the magnitude of this cycle will probably have a lot of bearing on how gold winds up performing. Be careful. A close above 1625- 1631 would favor the market has choose the upside. Odds favor that the trends of the market are about to be established over the next 24 hours. Once that trend is established it should favor that direction into MID-MONTH. BOTTOM LINE THE DECISION FOR THE NEXT TWO WEEK TREND IS MOST LIKELY GOING TO BE MADE IN THE NEXT 24 HOURS AND THE POTENTIAL FOR GOLD TO FAIL NEAR THIS AREA AND BEGIN A TWO WEEK DOWNMOVE KEEPS INCREASING. The price pattern on the HOURLY CHART IS WARNING THAT THIS CYCLE CAN TURN DOWN and the odds of it happening are also increasing. LOOK HOW LONG GOLD HAS REMAINED UNDER THE GREEN 200 HOUR MOVING AVERAGE.IT HAS BEEN FIGHTING SINCE THE BEGINNING OF AUGUST TO GET ABOVE IT. Now that it finally has, if it fails and gold goes under that next lower purple line --- and they closes below it, be very careful………… It is the warning that the trend is going to move into a down side trend.

Aug 07 One move lower to 1602.95 or 1595.20 is anticipated while below 1613.06 - 1616.94 area. Stop loss above 1623.17 zone. Warning: End of trend - Imminent end of bullish move Supports / Resistance Res 2 1,623.1700 Ex-High 1,615.4100 Res 1 1,616.9400 Pivot 1,609.1800 Sup 1 1,602.9500 Ex-Low 1,601.4300 Sup 2 1,595.2000

Gold prices for week august 6-10 2012

Gold prices for week august 6-10 2012 :

Gold prices could rise next week, building on gains posted on Friday, with some market watchers suggesting the yellow metal may test the upper end of the current trading range, which tops out around $1,640 an ounce. Those market watchers who see higher prices said it’s likely gold will only rise to about $1,630, an area it hasn’t bested since etching the upper band of the trading range, which extends from $1,550 to $1,640. Prices were up on the day and mixed the week. The most-active December gold contract on the Comex division of the New York Mercantile Exchange settled at $1,618, down 0.83% on the week. September silver settled at $27.801 an ounce, up 1.1% on the week. In theKitco gold survey, out of 32 participants, 21 responded this week. Of those 21 participants, 12 see prices up, while four see prices down, and five are neutral or see prices moving sideways. Market participants include bullion dealers, investment banks, futures traders, money managers and technical-chart analysts. Participants who see higher prices next week said they see the market attempting to test the higher part of the recent trading range, with a move to $1,625 to $1,630 possible. With decisions by the Federal Reserve and European Central Bank out of the way, many are now looking to September and suggesting that’s when central banks will start new stimulus programs. Prices rose on Friday, supported by a broad-based rally that lifted equities and commodities after a surprisingly strong U.S. employment figure for July. The Bureau of Labor statistics said 163,000 jobs were created last month, far above the consensus of 100,000. The unemployment rate notched up to 8.3% from 8.2%.