Gold Long Term Technical Analysis
Attached below is a series of long term Gold charts.
They also document all my past live trades and investments over the years
(trades and investments on the short side followed by the long side over these years)
Gold Long Term Technical Analysis Chart 1:
7 March 2015, Saturday, 12.59am Singapore Time
CHART 1 RED BOXED REGIONS:
All my Gold shorts in numerous batches. These gold shorts came with my 2012 and 2013 live warnings that Gold would plunge sharply amidst FED Quantitative Easing. This would in effect wipe out many Gold buyers who bought on Q.E (money printing) of the USD. Markets to execute a reverse logic as warned.
Gold Long Term Technical Analysis Chart 2:
7 March 2015, Saturday, 12.59am Singapore Time
CHART 2 RED CIRCLED REGION:
All my accumulated Gold shorts SPIKED IN PROFITS in 2013.
Gold Long Term Technical Analysis Chart 3:
7 March 2015, Saturday, 12.59am Singapore Time
LIGHT GREEN BOXED REGION:
This was where I took profits of all my Gold shorts in batches by buying back Gold.
This was also where I started initial accumulation of buys on Gold.
Gold Long Term Technical Analysis Chart 4:
7 March 2015, Saturday, 12.59am Singapore Time
DARK GREEN BOXED REGION:
This is where I increased my long term holdings in Gold and even added Gold ETFs as investment, as per my live analyses of bullish accumulation in Gold.
Gold Long Term Technical Analysis Chart 5:
7 March 2015, Saturday, 12.59am Singapore Time
Finally,
Chart 5 shows the entire process of what is happening:
1. Market for Gold has refused to go into a sharp plunge mode after breaking down very long term uptrend in 2013.
2. Gold market has been persistent with bullish descending wedge formation; such a price action causes 90% majority of market participants and market analysts to be bearish of Gold, yet without causing price of Gold to fall much anymore.
3. Refer to the first 3 BUY points in BLACK CIRCLED REGIONS. Market is now entering into the 4th BLACK CIRCLED BUY REGION. This is expected to be the final BUY point before a break up of the bullish descending wedge happens in the two-third point.
4. Note that there is now a possibility for Gold to go to $1100 (deepest dip scenario) at the 4th BLACK CIRCLED BUY REGION under a weekly chart. Market is finally revealing that Weekly Chart is what it is looking for under current price actions. This will in effect create the final shakeout and stops-hunting by the smart monies against traders who are on CFDs. The final shakeout may spur the bullish descending wedge to break up.
5. Note that no bear market can be executed without a volatile and sharp dead cat bounce. This applies to Gold especially (a liquid asset). In order for Gold to have a real bear market, it has to execute a significant dead cat bounce to confirm a bear. Otherwise, a bear market in Gold at current point is impossible.
In addition to the Technical Analysis reasons as above, read below for the Fundamentals:
Fundamental Analysis Reasons for Gold to rebound significantly (large dead cat bounce):
1. USD has to retrace healthily in the short-term and to the extend of mid-term if it is to resume a very long term bull market.
2. Many economies such as China (big consumers of Gold) are still cutting rates and engaging in expansionary monetary policies. These monies will seek out safe havens with good store of value.
3. Negative interest rates in Europe will force monies to leave European bonds in search of two main assets: USD, Swiss Francs and Gold.
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