forexintel Posted May 8, 2012 Report Share Posted May 8, 2012 yellow line below black is a SELL and the reverse is buy. All time frames show a sell. But the zigzag shows that the prices are near a low zigzag. It is better to enter a sell from a high zigzag. Hence let us see if the prices reverse from 1625.75, which is the 161.8 level for yesterday's high and low in H1. http://i1115.photobucket.com/albums/k543/ponforex/forums/d4f10b1a.gif if it goes below 100 level, ie 1622.20, then the prices, would be doing a double mountain, taking the prices to a drastic fall. Should get a confirmation by today evening. Quote Link to comment Share on other sites More sharing options...
forexintel Posted May 8, 2012 Author Report Share Posted May 8, 2012 Gold Today Now that the prices have gone below 1622.20 and a double mountain is formed in H4. Expect the prices to continue at least till 1545.0 in this month. http://i1115.photobucket.com/albums/k543/ponforex/forums/5b0f3453.gif If it goes below 1521, which is most likely, the prices should reach 1100 in this year! yellow line below black is a SELL and the reverse is buy. All time frames show a sell. But the zigzag shows that the prices are near a low zigzag. It is better to enter a sell from a high zigzag. Hence let us see if the prices reverse from 1625.75, which is the 161.8 level for yesterday's high and low in H1. http://i1115.photobucket.com/albums/k543/ponforex/forums/d4f10b1a.gif if it goes below 100 level, ie 1622.20, then the prices, would be doing a double mountain, taking the prices to a drastic fall. Should get a confirmation by today evening. Quote Link to comment Share on other sites More sharing options...
forexintel Posted May 9, 2012 Author Report Share Posted May 9, 2012 We have to SELL from a HIGH. So it would be worthwhile to wait for a HIGH ZIGZAG to enter a SELL. 1626.06 is a strong resistance level. Any price point around this price should be a good entry point for a SELL. http://i1115.photobucket.com/albums/k543/ponforex/forums/dfda8023.gif Quote Link to comment Share on other sites More sharing options...
DOVADOV Posted May 9, 2012 Report Share Posted May 9, 2012 We have to SELL from a HIGH. So it would be worthwhile to wait for a HIGH ZIGZAG to enter a SELL. 1626.06 is a strong resistance level. Any price point around this price should be a good entry point for a SELL. http://i1115.photobucket.com/albums/k543/ponforex/forums/dfda8023.gif Ok thanks your information.... Quote Link to comment Share on other sites More sharing options...
whitebty Posted May 29, 2012 Report Share Posted May 29, 2012 gold will continue falling Quote Link to comment Share on other sites More sharing options...
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