muhammadfarooqsaeed34

muhammadfarooqsaeed34

Dear all. It is brought to your kind attention that gold will crash in the six to twelve months so if anyone wants to short it, he can still short it and add more on the retracements. Bearish signs of divergence on macd, rsi etc also substantiates this fact ADD more on PULLBACKS !!

muhammadfarooqsaeed34

Bullish divergence on higher time. Even with 1.27 extension. its target is 180+ Impending energy crisis for third world countries on the fore.

muhammadfarooqsaeed34

Massive Resistance at highlighted in the region. Bearish divergence supported by other indicators as well.

muhammadfarooqsaeed34

Head n shoulder in the making rsi giving bearish signs macd giving bearish signs

muhammadfarooqsaeed34

SIgns of bearish Divergence trending high with low macd and rsi and obv 3 indicators showing strong signs of bearish divergence

muhammadfarooqsaeed34

higher high trend value RSI lower high MACD also lower high obv also showing bearish divergence it will probably go to .61 region

muhammadfarooqsaeed34

bearish divergence visible in various indicators. might go to .61 fib level also visible in the chart

muhammadfarooqsaeed34

No Chance of gold being bullish in any case. RSI on weekly doesn't show any reversal in any case. plus MACD is looking terrible as hell on weekly. Although believe in foundation analysis more and have greater faith in trend lines but these indicators are also showing gold is going down which will be confirmed by the trend lines eventually. GOLD will most probably...

muhammadfarooqsaeed34

SOl has broken the trend so it is going for the same trend line which will act as a resistance. OBV also showing bearish divergence having lower low with corresponding higher high. RSI has not shown any bearish signal yet but it will show ultimately. Even on daily time frame, the engulfing candle substantiates that fact.

muhammadfarooqsaeed34

The weekly trend shows strong signs of bearish divergence and international crude oil price might fall in the upcoming months. probably the prices may go in 60s range.

muhammadfarooqsaeed34

RSI is showing bullish divergence. OBV is minutely above the previous point which shows bullish divergence as well. since it is going in a parallelogram so possible target should be between the upper green box region.

muhammadfarooqsaeed34

people intending to long it : don't do it now. wait for bullish divergence that will probably come in highlighted region people who shorted and wants to take profit : the yellow region is probably the accumulation region. you can start taking profit in that and completely close your position on .786 fib level. that is between 650 to 700 range

muhammadfarooqsaeed34

There are couple of things are of interest here: rsi is showing bullish divergence so possible reversal after some accumulation in this region. Fib analysis showing it is at 0.681 level plus there is a support area down here. you should be doing dollar cost averaging from here to get the best possible return note: it is a daily time frame so might take a couple...