MEGALO1

MEGALO1 Updated 

Yes the Gold title is true of a flashing a double doji which is bullish in itself. But there is many other factors we sholud consider before going in head long, on one of your favorite Gold stocks are making a nice futures call > First as traders we need to look at Gold through the eyes many indicators MACD; RSI; STOCHASTICS; BOLLINGER BANDS ; MA; Volume; Chart...

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Yes my bullish trend line was broken this morning i have it on My last Gold chart as a very bullish breach which it is , but the Stoch/Rsi indicator has also produced a Flat top which is bearish in nature . With theses things pointed out we also need to reasses the trend to figure if it is going to pullback anytime soon in the near term i would be observing the...

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Yes if the recent past trends hold true i've given two likely scenario's given with red & green arrows on my hourly gold chart. I believe the higher Golds price rises on Monday the harder it will fall given Golds is in a negative bearish trend still at the present time. So the second scenario Golds price rises and deflects off of the top trend line then...

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If the MA's crossover in the Gold Box of pain, on my Gold chart could signify taking out the $1900's into the lower $1800's. This is depicted on a daily chart that would be a very strong short indicator ! Today's candle is a solid bearish engulfing signal!

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Price action for the last 4hr. candles is tilted with a bearish bias. Volume is lackluster with a bearish bias as well. These two things i've mentioned in itself are not enough to warrant shorting this market in anyway shape or form !! But are tools to evaluate current short term conditions of Gold's short term possible price movements. So i re-posted comments ...

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i believe the price action for gold does this today in the immediate future !

MEGALO1

I believe that Gold has Formed a bearish downtrend for the time being it now has a solid engulfing pattern & selling Volume that is very strong! I also believe Gold to be in an overbought condition !

MEGALO1 Updated 

ts time to squash some Bugs :thinking_face: some Big Gold Bugs ! Volume & My Golden Bug S team Roller speaks a Thousand words! After all it is take Back Friday now is'nt it ?

MEGALO1 Updated 

The Bearish Engulfigng has been indecisive Chart signal Flashing on & off, but we did have the retail report 8:30 am witched moved the Dxy down around 15 cents influencing the Gold price to fresh a 5 hour high, Unfortunately Fundamentals plays a big part in trend prices ! I believe this effect that the retail fundamental news has on gold today is temporary and we...

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If Dxy breaks above $93.40 Gold will start heading down once again ! At present Dxy is $93.32 Gold seems tied to Dxy lately so we will be keeping eyes peeled for the DXy . Gold & Dxy have a direct inverse relationship here last couple of weeks but this subject to change at any time, so always be vigilant & keep many indicators when you do trading and don't just...

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Familiar Gold Chart Patterns from Monday's price action and today's Gold price action indicated with lime green lines. First thing that is very important is the MA average Cross over on both charts i believe to be very significant in today's study in this week's price action of Gold ! Second thing that is also an eye opener is the Stoch/Rsi this patterns for...

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MEGALO1 Let me reiterate Yes i believe there still is a very good possibility to retest the $1860 arena very soon someBody like Dr. Rude told me yesterday in the Gold chat room i'am absurd for thinKing like that, but i say we all got our ssShort's Coming ? Yes this chart looks bullish right now, but don't let it fool you it can turn on a dime if any one of a...

MEGALO1 Updated 

Gold MA crossed over in a bullish + cross at 8:00 am this morning and Gold blasted off $15 just after opening . Then the MA crossed over 11 hrs. later right at 7:00 pm to form a bearish + cross and price action has moved down just like the cross suggest . The two golden ellipses depict these crosses. The volume would suggest weakness in Gold as i'am...

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Stock-market expert sees a ‘monstrous rally’ on tap next week, if 1 recent trend holds ??? Based on research from the Fundstrat team, the stock market will start to drive higher on Aug. 14, with the possibility of a 30% rally in store for equity markets over the course of the ensuing two weeks. “Since 1920, every stock market decline >35% saw a symmetric price...

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Two things on Last Friday's Gold Chart that are note worthy : 1st) Big Orange Arrow pointing too golds rebound of last 3 hourly candles and it is kissing the lower arm MA is bullish in nature. 2nd) is the Stoch/Rsi ellipsed showing up lifting is bullish in nature. For now Monday morning is bullish looking forward from this data. Reposted from Yesterday...

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If the Dxy finishes the day out higher than $1950 today you CAN EXPECT Monday & Tuesday to have bearish trends as well and very negative price points for the miners & Etf's of Pm Gold & Silver alike. So my advice don't buy into any pull-backs until a solid bull trend in The Prime Metals hAS FORMED ??? The recent giant leaps in Gold & Silver were not conducive to...

MEGALO1 Updated 

Some Bearish tendencies Developing on my gold chart !!!

MEGALO1 Updated 

I have a missing Blue Eyed Hangman ? The Hangman flashed on & off four to five times Right before Friday's close but ended off! The two times it formed, on the Red Eye price went down for 2 hrs. But on the White Eye price went down for 7hr with 1hr. up after hangman forming. I believe the Blue Eyed Hangman will materialize come earlier Monday and we should...