Long Term=Bullish - major yearly resistance 1792-1804 needs to be exceeded on a monthly bass and close above 1840 to resume long term up bull trend.
Medium Term=Bullish - It takes a weekly close below 1625 to turn the trend Neutral. Resistance 1755-1765(Oct/Nov 2012 Resistance)
Intermediate Term= Neutral---it takes a close below 1648 to go bearish.
Short Term= Bearish --- Need a close above 1681 to neutralize downtrend.
Support and Resistance
Initial Resistance 1667-1674 and 2nd tier 1679-1683
Initial Support 1643-1653 and 2nd tier 1627-1633
What next?
The Fed decision will dictate and the control boyz will do what they want. The cycle window closes today. If they slam it near 1640 – 1645 odds will be high that support will come in play.
BOTTOM LINE
it looks like we’re getting our push to 1667-1671 as discussed on the last update. Odds favor that gold should not go higher than that before the fed minutes get released. A pullback towards 1657 give or take a few dollars should develop before the announcement. At least that what usually happens.
Let’s see what the Feds have in mind and how the control boyz handle it.
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INVATA SA TRANZACTIONEZI GRATIS PIPSI IN FOREX
Long Term=Bullish - major yearly resistance 1792-1804 needs to be exceeded on a monthly bass and close above 1840 to resume long term up bull trend.
Medium Term=Bullish - It takes a weekly close below 1625 to turn the trend Neutral. Resistance 1755-1765(Oct/Nov 2012 Resistance)
Intermediate Term= Neutral---it takes a close below 1648 to go bearish.
Short Term= Bearish --- Need a close above 1681 to neutralize downtrend.
Support and Resistance
Initial Resistance 1667-1674 and 2nd tier 1679-1683
Initial Support 1643-1653 and 2nd tier 1627-1633
Medium Term=Bullish - It takes a weekly close below 1625 to turn the trend Neutral. Resistance 1755-1765(Oct/Nov 2012 Resistance)
Intermediate Term= Neutral---it takes a close below 1648 to go bearish.
Short Term= Bearish --- Need a close above 1681 to neutralize downtrend.
Support and Resistance
Initial Resistance 1667-1674 and 2nd tier 1679-1683
Initial Support 1643-1653 and 2nd tier 1627-1633
The Fed decision will dictate and the control boyz will do what they want. The cycle window closes today. If they slam it near 1640 – 1645 odds will be high that support will come in play.
BOTTOM LINE
it looks like we’re getting our push to 1667-1671 as discussed on the last update. Odds favor that gold should not go higher than that before the fed minutes get released. A pullback towards 1657 give or take a few dollars should develop before the announcement. At least that what usually happens.
Let’s see what the Feds have in mind and how the control boyz handle it.
YOU SHOULD NOT TAKE ANY MATERIAL posted on this BLOG AS RECOMMENDATIONS
TO BUY OR SELL GOLD OR ANY OTHER INVESTMENT VEHICLE LISTED.
TO BUY OR SELL GOLD OR ANY OTHER INVESTMENT VEHICLE LISTED.
Do your own due diligence.
No one knows tomorrow's price or circumstance.
I intend to portray my thoughts and ideas on the subject which may s be used as a tool for the reader.
I do not accept responsibility for being incorrect in my speculations on market trend.
I intend to portray my thoughts and ideas on the subject which may s be used as a tool for the reader.
I do not accept responsibility for being incorrect in my speculations on market trend.
King Regards
