JohnGalt

JohnGalt

The next days will show if the new bullish trend is able to break the bearish trend that persists since Oct 2012.

JohnGalt

The relevant support line is at 670 USD. If this support falls, further losses are most likely. New target areas would be 550-580 USD.

JohnGalt

3 zones defined

JohnGalt

Target area around 21 USD.

JohnGalt

Could this be a Soulder-Head-Shoulder pattern?

JohnGalt

Cup and Handle with Break Out Area. What do you think?

JohnGalt

Check the MACD

JohnGalt

440 USD is a resistance that has been tested 2 times. The ascending triangle pattern indicates a break out to target areas of up to 480 USD.

JohnGalt

Fibonacci and MACD Analysis combined. Next target would be 454 USD/BTC.

JohnGalt

if the descending triangle develops completely the outlook is negative. Target areas could be within 260 and 280 USD/BTC. I regard this negative version with a possibility of 60%. In consideration of the boom in the asian markets bulls could destroy the pattern easily and as we have seen in the last months - in the case of bitcoin everything is possible. (we have...

JohnGalt

The resistance at the fibonacci levels did not stop the price and its way up. The resistance at 323 seems stronger and may be able to trigger a necessary setback.

JohnGalt

The resistance level at 15545 created in the weekly chart in May was tested two times and never (really) broken in the week's closing price. This time the resistance was tested again and a shooting star doji tells us that we will see the price falling another time as before. Target price for is at 14800.

JohnGalt

Unclear which support level stops the right shoulder. The bigger reverse shoulder-head-shoulder formation which was formed from April has been weakened by the losses of yesterday. What's definite is that the outlook is positive - Gold takes a run-up to break through the 1432 USD resistance in a single jump targeting at prices over 1500 USD/oz.

JohnGalt

Rising wedge formation in the chart with possible break out points marked according to the recent movements that were less and less steeper. Resistance levels would be 2952 and 2890. Downward break outs should occur from 05-07/11 or on a second try 1 1/2 weeks later. This pattern is broken if the price breaks the upper resistance trendline.

JohnGalt

Gold is forming a right shoulder and recently left the short upward channel. New targets for me are at least 1280 USD/oz within 2 weeks.

JohnGalt

The EUR/GBP big picture shows sound resistance at the fibonacci retracement levels and a solid trend channel. My idea is to go SHORT on EUR/GBP for the whole year 2014.

JohnGalt

The negative break out from the rising wedge is obvious. Applying Fibonacci vertically, retracement fits in perfectly. By applying it also horizontally for the time frame, the forecast shows the next stop at the strong support at 188 USD/BTC.

JohnGalt

Pretty clear rising wedge formation - bearish