Thank you very much to those who voted on Friday´s Poll as it was intended to keep track of the benefits of having this blog. If we consider that the blog is less than 2 weeks old it is very important for me to make sure that it delivers a real benefit to the community otherwise it would not be worth it. Have a great weekend.
Saturday, September 9, 2017
30 comments:
Disclaimer: This site is not intended to provide professional advice nor to lead users to either copy or follow the trades herein posted, it is essentially conceived to share thoughts and ideas for non-professional traders and become a non-official knowledge base for individuals interested in testing and improving their own skills in the spot Gold market.
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The blog provides a very detail insight amongst the many analysis around. Definitely on my bookmarks and will be here on a daily.
ReplyDeletethanks for the time making this blog sir cesato
ReplyDeleteI agree. Much better than investing.com's blog. I really appreciate your effort Cesar, thank you very much.
ReplyDeleteI like this blog, I am here waiting any update from you or any one in this blog. Thank you Cesar.
ReplyDeleteMustapha has published a graphic of usd weekly chart, weekly support of it had been broken.
ReplyDeleteJust to clarify, Jorge is referring to DXY which is the dollar index, what that means is that USD may continue down which in turn translate into EUR/USD going higher and eventually Gold going higher (short term corrections down still may take place in an uptrend).
ReplyDeleteThank you for explain it, he posted a weekly chart of gold and looking at it looks very trustly. Keep in mind that mustapha is one of a trusted guys in investing page.
DeleteMustapha charts
Deletehttps://tvc-invdn-com.akamaized.net/data/tvc_761e21a0a44e416393220f1d189023c6.png DXY
https://tvc-invdn-com.akamaized.net/data/tvc_3b2f8bf8bfff67f2eb0490e3f155528e.png Gold
SIr, anybody here pls answer? hoe a 4hour chart candle closing or etc can help trading?
ReplyDeleteCan you repeat the question please? I don´t understand it.
ReplyDeleteGood day Cesar and everyone! I was not able to vote in the poll but i have a open long position at the moment hoping for a positive start this week.
ReplyDeletehurricane irma is coming, and North Korea political issue still not down yet... maybe hurricane irma will affect at nyse open, like harvey does before.
ReplyDeleteGreat. Be careful at the opening today because if it does not go up within 2 hours after market opening we may expect a deeper correction for next week. Options are to hedge the long position or close it breakeven if possible. Watch Eur/Usd and US 10 yr Note for direction, they usually move in the same direction altogether.
ReplyDeletethe recent 1357 break was important and bullish is confirm but its a very strong resistant line since previously price went down for weeks when trump become president exactly on this area so i take a gamble short. just my opinion tho.
DeleteThank you Cesar will keep a watch on that , what levels to expect if correction takes place ? I see some support at 1337 and 1332's
ReplyDeletedeeper than that i must say :)
DeleteThere is support between 1330 - 1332, lower than that on a daily close and we could see 1305 again which is the middle bollinger. If you look at the attached chart the lowest value that Gold has corrected down, since the rally started at 1204, is the middle Bollinger line, so if it ever goes down there it would be a buying opportunity. On the topside things continue unchanged, 1358, 1366 and 1375 with a critical level @1392 (may be a strong reversal from there). https://www.tradingview.com/x/eFAhnvhn/
DeleteSir Cesar please I want to ask if it doesn't go higher then it will correct however what you mean in correction that it will go back up ?? And if it goes down what's expected to go back up again or complete down or its just correction ..
DeleteThere is a possibility to reach 1204
Delete@nasser markiz I can´t answer that question, if I knew exactly what the market is going to do I would be ridiculously rich, which I´m not. Probable levels have been discussed in this forum.
DeleteCesar if may i ask the thing which always confuses me is whenever i am referring to charts on MT4 I get lost with the time selection that which time chart to load... I usually work with 1 hr and 4 hr charts but as I see in your analysis and many others too they switch between months, weeks etc. Is there thumb rule to work with it ?
Deletenasser to reach that it may take months or even years with current situation or "extreme case" just focus on current range just like sir cesato mention
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ReplyDelete@Ultraman X. 1357 was challenged, not broken. To consider that a price level has been broken it should go (technically speaking) at least 0.3% above/below the breaking level and most of the time come back up/down and confirm the break. 1357 would be broken (again technically speaking) when the price goes up to 1361, at least, and possibly come back down to test it.
ReplyDeletethank you for pointing that out sir cesato, grateful that i can learn a lot from this blog
DeleteHurricane now slam miami
ReplyDeleteI am not in a position for the weekend in gold but in usd/cad. I didnt have margin to open in gold. Now i am just hoping that usd/cad will come back down so i could close my positions there with a minimal lost or some profit and open a short in gold..
ReplyDeleteCesar, are you going to post an update before opening?
ReplyDeleteUSD/JPY opened with a gap from 107.8 to 108.2 ....
ReplyDeleteyeah, idk gold will be down a bit or not... but dxy trying to be bullish
Delete