Trading1to100

Trading1to100 Updated 

See previous post, price expected to break out above 107 but instead broke down to 104.88. DXY is still in a consolidation range 104.88-107.34. Tough call on DXY, sidelines for now. Expectation: 1. If price breaks below 104.88 then 103.48-102.62= support 2. Consolidation between 104.88-107.34,break out above 107.34= 108.36-109.44 or higher. Ideal for short term...

Trading1to100 Updated 

GOLD is consolidating and is within Support zone of 1940-1910, todays low at 1933 which is at 38% of the 1811-2009 move and roughly 75pts move, can GOLD continue lower possible or does it consolidate. Gold can consolidate and upside resistance = 1955-1968. break above these levels then 1975-1990 next resistance levels. Continuation from 1930's Lower then expect...

Trading1to100 Updated 

Expected move for oil from 74.89 for the last few days went higher to 79.72(79.50-81.00) then turned down to break below 74.60 down to 72.13(73.11-71.10). Where to from here... Anyone's market, bear market = 70.00 or lower to 67.00 (probable), Bull market= 95.00 + (in your dreams now). For a trader this is an ideal trading market, fast moves, range bound...

Trading1to100

Previous post I mentioned oil breaks below 76.50 then expected move down to 75.50-74.60 support zone, break lower then expected move down to 73.11-71.10. Oil held support at 74.60 -75.50 and currently at 77.20. AB=CD scenario has been completed at 100% and a correction to 62%. Oil is still corrective and another 5.00 move is still possible therefore upside limit...

Trading1to100

See previous analysis oil heading towards the 1st price support at 77.80-76.50. currently at 77.10. Break below 76.50 then expect 75.50-74.60 support, break below 74.60 then 73.11-71.10 probable. Recap: AB=CD PATTERN 95-81.50= 90-(77.80-76.50 OR 73.11-71.10) active XABCD PATTERN = 95.00-81.50-90.00-84.00(???) D= 92.10-93.45 OR 96.74-98.66 OR 100.60-103.33 C=...

Trading1to100

Gold price target was 2010-2035 a few weeks ago and was just shy at 2009 then tested 2004 and slowly faded away, Friday closed at 1992 and continued lower to 1957. 1970-1950 = support zone, price is here already, potential to consolidate here then continue lower to next support zone 1940-1910. Upside resistance= 1975-1982 consolidation. Should price continue...

Trading1to100

Gold has had an impressive rally from 1811 to 2009, what happens from here... Well it's at a crucial level break out or breakdown!!!. 1811-1997= 186pts, 1997-1954=43pts, 1954-2009=55pts, 2009-1970=39pts, 1970-2004=34 pts (intraday high Friday), 1992(closing price). Looking at how price is setting up there here from 1997 its overlapping and so far there is 1 move...

Trading1to100

Gold has been on a relentless run to the upside from 1811, it has gone up nearly vertically to todays high 2009(200pts+/-), still room for more upside? I don't know. Previous post my estimation was 2010-2040 zone for a cypher pattern and we are here now 200pts later(2009). prices could still continue higher Tag n turn (2010-2040), therefore caution would be good...

Trading1to100

DXY has been holding its own currently at 106.23, Likely to break out above previous high of 107.00 then next price zone 108.00-110.00. Upside resistance at 108.50-109.00 (Green line). Once price consolidates at 108.00-110.00 zone then 1. Price can continue higher to 111-113 zone or 2. Consolidation and retest of 105.00-104.00 break below 104.00 then expect...

Trading1to100

Simple chart analysis 2 options: 1. Below 81.50 price targets= 77.80-76.50 break below then 73.11-71.10. 2. Break above 90.00 then 92.10-93.45 then 95.00, break above 95.00 then 96.74-98.66 above 98.66 then 100.60-103.33. AB=CD PATTERN 95-81.50= 90-(77.80-76.50 OR 73.11-71.10) XABCD PATTERN = 95.00-81.50-90.00-84.00(???) D= 92.10-93.45 OR 96.74-98.66 OR...

Trading1to100

SUB 2000's in sight now for gold, the rally has been relentless for now consolidations have been 20+ pts then higher. Since the last post my price range was 1935-1970 and currently at 1977, caution would be warranted at these levels, upside resistance 1970-1990 targeting 2010-2040. 1. From last post cypher in progress price target 2010-2040 price zone still in...

Trading1to100

My last post on this was in FEB 23 and since a lot of oil has overflowed. Let's get to what's happening and what to expect. 0.01-129.42 then low to 63.61(50%) since then it has moved all the way up to 94.99, is that all from oil. from 63.61-94.99 around 30pts (+/-)some might be asking is this important yes & no, why? 93.00-123.60= 30pts (here we are...

Trading1to100

Since my last post gold was at 1860 and today its at 1930 (give or take) coming to my resistance zone of 1935-1970. So far so good 1811-1930 (120pts) could still go higher. Caution required here, should price not consolidate around current levels and continue higher then expect 1975-2005. Once price gets to 1935-1970 or the higher levels 1975-2005 then...

Trading1to100

Gold has made a high at 2067 then started it next leg down and got to 1811. Bad news over the weekend and Gold starts it move higher again, caution required here, downtrend is still intact and this could well be a consolidation within the larger trend lower, upside resistance levels- 1935-1970 or even higher upto about 2000(round number). Break above 2065 then...

Trading1to100

Let take a look from the last post Feb 3rd, gold did get to expected price target 1830-1780 completed at 1805-1810 and then has had this move to the upside to 1937, can it go higher probably and how high. Short term 1hr/4hr time frame: From 1805= 1805-1858=1, 1858-1810=2,1810-1937=3? or still subdividing higher and it could exceed 1959, alternate is it could...

Trading1to100

This is based on the futures so far from the top 4808-3502= 1300pts, and now in a counter trend move which is in progress from the low of 3502. From 3502-4180= 680pts (A) then a consolidation from 4180-3790= 400pts(B), C=3790+680=4470(100%), 3790+768=4558(113%),3790+865= 4655. The extension from 4327-3502= 4435(113%), 4552(127%) Retrace from 4808-3502= ...

Trading1to100

Oil had a double top at 82.60, it was symmetry on the 2nd run from 72.42 to 82.60 (10.20+/-) in an ideal scenario it could have been upto 83.72, they prior move from 70.10-81.40. From 82.60 and a break of 70.10 then downside is probable at 68.60-65.75 consolidation at 70.00-72.00 or breakdown to next zone 68.60-65.75 Break below 68.60-65.75 then Oil can...

Trading1to100

Dxy has had enough for the downside for now , consolidation in play for the short term = 103.50-103.75, break above this zone then 104.60-105.10. Price will be volatile in the short term and upside resistance between 103.50-104.00, Once this price has been exceeded then next price zone 105.00-106.00 will become resistance. Enjoy your weekend