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Author: truman52000

Gold set to test lower channel

Gold missed completely our earlier expectation and starting sliding toward dangerous levels. It broke shortly the trend line before recovering to the 1315 level who provides a good short term support. On the other side bears are starting to get in control and we forecast, in the short term, a further drop to the 0.39 Fibonacci at 1307 which correspond to the support given to the 100 MA. If this support fails, we think that the price will correct up to the buy zone, that we consider safe to open long positions, and where the 200 MA is a...

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Dax bulls resisting mounting pressure from bears

This week the Dax was on a roller coaster with volatility increase due ot the banking sector and in particular the Deutsche Bank situation that is keeping investor on their toes. Graphically the index broke our famous trend line is several occasions finding support and rebounding thanks to the 100 MA. On Friday this strong support failed and DAX even touched and broke the 200 days MA. to get around the 10180 level were it began it climb, thanks also to rumors on a partial solution to DB problems. The Index ended positive, reentering in the bullish trend but...

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Gold one more chance for the upside

Gold, as expected, has rebounded again from the fibo line retracement (before the FED announcement was already the 1325 mark, so no room for a break down), and carried its rise during all week. In the next period we consider as very likely a move up and finally a break of the top channel to reach the 1370 mark. The 1330 level should provide a valid support, so we are bullish for the short, medium and long terms....

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Dax up but uncertainty looms

Dax this week have found the strenght to come out those moving sands we spoke about last week and accelerated up thanks to the expectation (and  confirmation) of a no-hike decision by the FED on the 21st of this month. If we have a second look at chart we notice how the index found support at the 100 days moving average, climbing strongly on Thursday to get above the 20 days MA. On Friday the action was rather slow and the DAX didn’t continue this rally and took a breath also because of the lack of support from the...

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Gold in a delicate spot

Since July gold prices has started to show a period of uncertainty with ups and downs in the 1360 – 1300 range where bears and bulls have been fighting without a clear signal for a winner. Gold is indubitably in a bull market since the 1000s levels and the trend is up since. However latest drop are a bit worrying for gold bugs as the the trend line has been crossed. We have to point out however that strong supports are below the current price (at 1310 as time of posting). 1) the 100 days Moving average 2) the...

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This site is devoted to share ideas and strategies/ trends on different markets. A contribution is welcome regarding main indices or commodities.I mostly cover DAX, Gold and US indices. However I will analyze any other index or share at my will as I use my own methods, my own ideas and my own money.

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