Wednesday, February 8, 2012

Bullish


Expected 1710 would be good support and it is. Daily charts are positive again. We will take 1800 this time. 


Weekly stochastics overbought. But look at weekly MACD. It's crossed and pointing up. One tiny little column is above 0 percent. Bull trend is just starting. 


Now monthly chart. Monthly stochastics is pointing up. My prediction is 2100-2300 gold 3-4 months later.





Monday, January 9, 2012

Gold breakout?

Weekly stochastics nearly crossing upside breakout is coming.

Sunday, January 1, 2012

Starting of bear market?

Monthly MACD crossed for the first time since 2009. Looks like sell market to me. 

Friday, December 30, 2011

Things happening too quick

Ok price went down to 1522 then few hours later it jumped saying viagraaaaaa. Now even daily stochastics signalling buy. As long as MACD stays under 0 level downtrend remains. 

Tuesday, December 20, 2011

So far so good

Slow stochastics pointing up sharply. MACD is about to cross again and point up. Bulls are strong!