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Gold Trade – End of year targets

Monthly Gold chart price action

 

Gold Trade End of year targets and where are we headed for 2015.

Gold trade - 2014 targets gold tradingGold daily chart. There are two ways to look at this chart.  The traders expecting gold to bottom and start it’s bull run and the Dollar index traders looking for new highs and corresponding Gold collapse.

2014 saw a yearly high of 1391.71 and low of 1131.85 giving the gold market a yearly $360 range.

With the Yearly range in mind, let’s take a look at a monthly chart and see what the price action for Gold has been.

Monthly Gold chart price actionMonthly Gold chart Support and Resistance and possible direction.

Gold has broken under the major support at $1200 and has spent the last two months testing new lows on this bearish cycle.

You can see in the previous chart the 200 day Moving average for gold is coming in the $1254 area and this is the resistance which traders are looking for the turn around and break of this major down trend.

The short term support under 1200 comes in at 1050 and then a full extension would take gold to $840 with a capitulatory target in a major sell off to the previous swing lows at $675.

Remember there are no “rational levels” when trading the volatility of gold and high risk markets.  The Dollar index, political pressure and banking manipulation will have a lot of effect as this 2015 keeps course.  We have pressure in a declining world economy out of Europe, Russian and even China that could start a continuation of this “super cycle” in commodities.

Trader Problem… Gold

 

Trader Problem… Gold

Like any others people…traders have they own problem in business..and you have to know how to fix them…even if you take a mistake, by getting out in profits.

GC 12-14 (1440 Min)  19_11_2014

Trader Problem… Gold

Probleme: Enter , to late…and Gold doesn’t look like it will keep moving Up. So I will be on risk to loose my money…and this is not good.

 

 

gold str 1

Trader Problem… Gold

Solution: 1- Hedge long position, by taking short direction. Once, it will touche, the up trend line…if there’s a long signal, take out short movement profits, and then go Long, again and will see after…

 

 

gold  stry 2

Trader Problem… Gold

Solution: 2- If this trade break the trend line ( up trend)…get out my long position, and keep my short position so I start to make some profits.

 

 

gold str 3

Trader Problem… Gold

Solution: 3, …don’t get in my hedging area…and will keep moving up. I doubt on this one… but you need to be ready for any solution…

 

 

-Conclusion-

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Gold “M” pattern for “Murder”

 

Gold “M” pattern for “Murder”

M for murderGold…and Silver :) love it. …we have a lite break now, but after seeing Gold, complete the “M” pattern, and instead to bounce on bottom, it go down with a gap so it create news lows.
…Let’s see when this will stop bleeding, for Gold target…if I remember, this was at 950.00 and 740$ I think….
PS: as gold go down, gold mine liquid they assets to big bankers :) …isn’t nice to be a banker, be able to manipulate gold price, so then, they can buy profitable gold/silver mine, at the price they want to ?

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