alanchin

alanchin

Gold has not reached target 2000-2005 yet, and will not break through 2070 because a weekly bearish candlestick needed. * 1st resistance: 2050. 2nd resistance: 2070. * 1st support: 2000-2005. Gold waiting for breaking out 2029-2040 in short-term today.

alanchin

Gold weekly retracement, target: 1995-2000, 1950. * 1st resistance: 2050. 2nd resistance: 2075-2080. * 1st support: 1995-2000. 2nd support: 1995. * bull & bear boundary: 1995.

alanchin

Weekly retracement will happen this week. No chasing for bullish above 2080 before retracement finish. We've closed half of our buying orders at 2140 opened at 1845. Great profit again! * 1st resistance: 2080. 2nd resistance: 2180. * 1st support: 2035-2040. 2nd support: 2000-2005. * bull & bear boundary: 1950 We moved all our buying orders opened at 1845 up...

alanchin

Gold is taking the 2nd bullish move on week chart targetting 2070. A short-term retracement will happen on NFP or next Monday, targetting 2040, 2010. After being supported above 2005-2010, the 3rd bullish move will break through 2070 targetting 2140 or even 2180 (extended Fibo). Our buying order opened at 1845 is taking big profit and will close half near 2140.

alanchin

Gold bullish successfully reached 2015, targetting 2030, 2050. No bullish chasing near 2050 by this weeken. A bearish retracement will starts next week! After a couple of weeks retracement, higher bullish target will be reached even above 2070! * 1st support: 1985. 2nd support: 1975. * 1st resistance: 2030. 2nd resistance: 2050. * bull & bear boundary:...

alanchin

* 1st support: 1960. 2nd support: 1930-1935. * 1st resistance: 1995. 2nd resistance: 2015. Gold is making the bullish movement C of Elliott Wave on week chart, which will be targetting higher than 2010. We are still holding buying orders opened at 1845 for target 2070.

alanchin

Half buying orders opened at 1955 takes profits at 1980. Keeping half for 1990, 1995 to close. No bullish chasing near 1995!

alanchin

* 1st resistance: 1980. 2nd resistance: 1995. * 1st support: 1955. 2nd support: 1925. * critical positions: 1955, 1995.

alanchin

Short-term bearish pattern from 1950 down trend. Long-term bearish pattern from 2009. Bearish target: 1920-1925 which is 1D supporting area. Long-term bearish will continue if 1920 breaks down.

alanchin

Gold broke through 1980 yesterday, target 1950-1955. If breaks again, 1920-1925 will be the next supporting area. * 1st support: 1950-1955. 2nd support: 1920-1925. * 1st resistance: 1980-1985. 2nd resistance: 2010. * bull & bear boundary: 1920-1925.

alanchin

Since a bearish candlestick is needed to form the B wave of Elliott Wave, 2009 may not be broken through early today. Yet even the NFP may be bearish for gold, supporting positions above 1955 are still strong at 1965, 1970. Short-term pattern will be evaluated as from the supporting area of 1H which is at 1982-1984.

alanchin

Gold is making Elliot B Waves. And is going to move wave C. Buying orders should be opened at any down trend.

alanchin

Buying orders opened at 1981 are taking from profit and closed half at 1990. So far, we are holding buying orders opened at 1845, 1910, 1981, expecting higher target 2000, 2005.

alanchin

Critical area 1978-1982 which is the supporting area of 1H. If could hold without being broken this week, new bullish trend will start from here, targeting higher above 2010!

alanchin

3 moves finished at 1975 on 30M chart. Buying orders opened at 1975 precisely closed at 1988, which is the resistance area of 30M. * 1st support: 1980-1982. 2nd support: 1975. * 1st resistance: 1988-1990. 2nd resistance: 2000.

alanchin

After 3 moves finished on 1D chart, gold is making a big retracement down to the supporting area of 1H. As I've mentioned before that a 1 week retracement is expected for Elliott B wave on long-term bullish trend. Short-term retracement will not change the bullish trend. * 1st support: 1975. 2nd support: 1955. * 1st resistance: 1985-1990. * critical positions:...

alanchin

Gold is taking the 3rd moves on 1D chart as from 1910 where we opened the second buying orders. So far, we are still holding buying orders opened at 1845 and 1910, expecting the target 2070-2075. * 1st support: 1993. 2nd support: 1985. * 1st resistance: 2015-2020. * bull & bear boundary: 1955. We moved SL position to 1954 for our buying orders opened at 1910.

alanchin

Gold broke through 1885 last Friday, showing a signal to target higher. Since 4H has finished 5 upward moves but 1D only takes the 2nd, a retracement of 1D or even 1week is needed for higher moves. * 1st support: 1960-1962. 2nd support: 1940-1945. * 1st resistance: 2000. 2nd resistance: 2015. * bull & bear boundary: 1910-1915.