GOLD - Levels to watch

9 พ.ค. 2016

Today's candlestick predicting that this is going to be a filthy decline.
I will use the EMAs to sign the breakdowns levels and the testbacks.
Today we closed on the 20 EMA. I think we are going to break it down soon (maybe tonight). The next level to watch is the 50 EMA at 1239.7. A lot of people is watching the blue trendline below the 50EMA and I'm pretty sure we will tag it or break it at this DCL.
The next level is the 100 EMA (1208). I'm planning to take profits around there.

I've signed the last decline (october-december). This is one going to be much more seriuos.

WATCHING TODAY'S CANDLESTICK : THE DAILY CYCLE LOW AT 1208 IS ABSOLUTELY POSSIBLE THIS WEEK

10 พ.ค. 2016

บันทึก

Pullback is done.
Turning down from the 100 EMA(4hrs chrt)
Show must go on.

10 พ.ค. 2016

บันทึก

Just a fakeout move again to the upside. They want the stops above 1267 before the next leg down.
Dollar is rallying with stocks and gold on the hourly chart..

10 พ.ค. 2016

บันทึก

10 พ.ค. 2016

บันทึก

Longs should be closed now in this fake move. But I think they will be hoping instead of closing.