International forex, commodities and indexes personal view and trade

#12
Taking small risk here by selling gold @ cmp 1352.21. Sl 1358 strictly target 1327-1324-1318. May for bullish butterfly there. It also good supply zone. Let see. Risk reward seems good.
 
#14
If crude dont stop here it may go upto 50.50-62 $ to complete butterfly patter. Currently at 61.8% means good chance of reversal but may extend upto 88.6% that is near 50.50.50.62.
 
#16
In 4 hr showing bearish rsi deivergence in WTI crude. Hope soon fall.Going good with gold and dax but crude is not good flavor for me now though once I was crude good trader.
 
#18
Gold if start trading above 1360 in near term and above 1375 by next month clear breakout upto 1434-35 after that next hurdle at 1790 and target for bullish down wedge is $1920. If I take is as flag then target is near $ 2600.

If back from here and breach 1300 then possibly go back to 960 level in long run.

http://i61.photobucket.com/albums/h49/trading4living/GoldMonthly20160819012948_zps6gfslqtv.png

Short term target if staying above 1360 is 1420 triangle target . Flag target 1483. If breaks 1337 then it will back to flag lower boundary 1317-18 and if that break downside open to 1270-1250 and continue possibly as per monthly charts 960.
 

DSM

Well-Known Member
#19
Thanks, informative post...

If interest rates are hiked as implied, it's negative for precious metals... However, if delayed, chances of further rally... So best trades will be those that align fundamentals with technical.... Just my views.

Gold if start trading above 1360 in near term and above 1375 by next month clear breakout upto 1434-35 after that next hurdle at 1790 and target for bullish down wedge is $1920. If I take is as flag then target is near $ 2600.

If back from here and breach 1300 then possibly go back to 960 level in long run.

http://i61.photobucket.com/albums/h49/trading4living/GoldMonthly20160819012948_zps6gfslqtv.png

Short term target if staying above 1360 is 1420 triangle target . Flag target 1483. If breaks 1337 then it will back to flag lower boundary 1317-18 and if that break downside open to 1270-1250 and continue possibly as per monthly charts 960.
 
#20
Thanks, informative post...

If interest rates are hiked as implied, it's negative for precious metals... However, if delayed, chances of further rally... So best trades will be those that align fundamentals with technical.... Just my views.
You are right. We are small trader if we indulge more in fundamental we either confused or cannot afford. Though I use to see daily fundamental data but take decision on technical. Secondly this is just view for long run and we should be dynamic to our decision while trading. I am also bearish but I prefer buy above 1375 specially. Till 1360 I like to sell rally.
 

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