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anon676545345
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Posts posted by anon676545345
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Gold entered short on retest at 1522.
http://imageshack.us/photo/my-images/695/spotgolddfb.png/
Silver has found support short closed at 3472.
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The Stochastic indicates over bought/over sold conditions, there is light volume across the board today as shown by the lack of price movement.
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Gold is testing that minor trend line on daily again today I expect it to break and will enter short when it retests and confirms as resistance.
http://imageshack.us/photo/my-images/808/spotgolddfb.png/
Silver broke out of it's bear flag and provided a good entry on retest this morning, however looking extremely oversold on lower time frames and volume is light so have moved stop to break even in case this proves to be a fake out.
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Crude is also at a key level a break to the downside would offer 9250.
http://imageshack.us/photo/my-images/11/dailyuslightcrudejul10j.png/
And FTSE is at a major trend line I've opened a swing long on this from 5775 as I don't think this bull run is over yet.
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Silver is looking interesting at the minute it's formed a large bear flag and also a sloping head and shoulders pattern if it breaks to the downside it would offer an immediate target of 3300, I'm standing back at the minute not willing to enter until it breaks out of that wedge.
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Gold it about to or in the process of undergoing a correction I'm expecting a move down to around 1420 demand zone and bottom of trend channel over next couple of weeks, strengthening dollar is likely to be bearish for gold.
Stockmarket Trading, Forex, Commodities.
in Jobs, Economy, Banking, Business, Investments
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Hi Paulo 1, Just discovered this thread great work I'll be following with interest and will upload my charts when I have something worth contributing. I swing trade a handful of instruments mainly light crude, silver, gold, DOW and EUR/USD. I trade off price action using a break and retest of major horizontal or diagonal support or resistance combined with price action and pivot count as entry signals.
It's refreshing to find a board that isn't dominated by the cut and paste crowd that kid themselves they are fundamental analysts because they scour google for any article that supports their personal view point.