Chart 1
Spot Gold Technical Analysis:
18 January 2015, Sunday, 5.15pm Singapore Time
Attached above in Chart 1 is the technical analysis of Spot Gold Daily Chart.
All technical illustrations are as per on chart above.
The GREEN BOXED zone was where Donovan Norfolk Ang warned of a fake break-down and called for massive buys on Gold as a last chance to buy very cheaply.
I warned too in my live analysis during November and December of 2014, during this breakdown, that the world will be shorting Gold on technical breakdown for it to spur a powerful rally.
This is happening now.
The BLACK BOXED region is the zone below $1300 that is still safe to load gold.
Anywhere above $1300 are zones for holding and doing nothing. Just wait for profits to roll in at zones beyond $1300.
The GREEN BOXED zone was where Donovan Norfolk Ang warned of a fake break-down and called for massive buys on Gold as a last chance to buy very cheaply.
I warned too in my live analysis during November and December of 2014, during this breakdown, that the world will be shorting Gold on technical breakdown for it to spur a powerful rally.
This is happening now.
The BLACK BOXED region is the zone below $1300 that is still safe to load gold.
Anywhere above $1300 are zones for holding and doing nothing. Just wait for profits to roll in at zones beyond $1300.
Chart 2
GLD 10US$ Gold ETF Technical Analysis:
18 January 2015, Sunday, 5.15pm Singapore Time
Attached above is the SPDR GLD 10US$ Gold ETF Technical Analysis.
All the red volume bars in the BLACK BOX in chart 2 were buying volumes, and not the selling volumes one would normally expect using traditional technical analysis.
The Gold chart on the Gold ETF listed in Singapore SGX has also formed a
STRONG BULLISH REVERSE SHOULDER-HEAD-SHOULDER.
STRONG BULLISH REVERSE SHOULDER-HEAD-SHOULDER.
There was deliberate accumulation of Gold, something that I had warned in November and December 2014, before even such a bullish formation took place.
Gold has just broken up the BULLISH REVERSE SHOULDER-HEAD-SHOULDER structure signalling a strong show of intention to rally.
Chart 3
SPDR Gold Trust (GLD) ETF Technical Analysis:
18 January 2015, Sunday, 5.15pm Singapore Time
The above chart 3 is the SPDR Gold Trust (GLD) ETF Technical Analysis that is listed in the NYSE (US Stock Market). The US Gold ETF has the replicated formation as the Gold ETF listed in Singapore. Just like as in Singapore, Gold ETF over at the US side has seen a surge in buying volumes too.
The GREEN BOXED REGION in chart 3 coincided with my live calls to load massively on Gold.
As long as Gold ETF is bought at a peg to spot Gold of below $1300, one is safe and can prepare to just watch profits pour in continuously like an ATM machine.
Chart 4
SPDR Golf Trust Shares (NYSE: GLD):
18 January 2015, Sunday, 5.15pm Singapore Time
The above final chart is the same chart as chart 3, but shows where the powerful support band is.
Buying now means buying at or near POWERFUL SUPPORT LEVELS, and is still considered early bird.
All in all, Gold is to rally powerfully as forewarned.
All in all, Gold is to rally powerfully as forewarned.
Stock markets to suffer selling pressure and hot monies will be driven into safe havens of GOLD asset class.
HELICOPTER DON RAINS MONEY.
Donovan Norfolk Technical Rating on Gold:
VERY BULLISH
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