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Comment by Amjad Siddiqui on May 14, 2013 at 11:44am

i guess the buying time will be in the next  week when daily and weekly macd  trend up? what u say?

Comment by Walid H Mohamed on May 14, 2013 at 3:02pm

May be , This is  Midterm wave , so it need some time , i can't determined wave by time but in normal it will take 2 weeks to get our target

Comment by Walid H Mohamed on May 15, 2013 at 2:34pm
we back o he buying zone again best entry 1397.70 , i don't think @rforexdad it will go more hen the low , he bearish wave had finished for me
Comment by Walid H Mohamed on May 15, 2013 at 2:36pm
we now looking to set wave 2 in D after we will run in wave 3 of D which will take us to our tg
Comment by Walid H Mohamed on May 15, 2013 at 3:18pm

so what , what u see is a Midterm ELLIOT waves , Wave D as any other corr wave have to come in 3 waves ( 2 inpulse + 1 corr ) , we now in wave 2) looking for our entry as in my last chart , there is a stop area will not brake it  1375.5 is he upper area of he strong support to set our low of wave 2)? any daily close 0000 GMT below  1353.5 exit ur position if u planning to run with me , hen wait for our TG 1560 at least ,which have o be wave 3)?? in the big corr wave D , in my next comment i will up lode a chart to be more clear , how i see it 

Comment by Walid H Mohamed on May 15, 2013 at 3:19pm

Comment by Walid H Mohamed on May 15, 2013 at 3:50pm

sure market is bearish , i'm looking for a reversal to run with a corrective wave , u right , my trade type is to catch the wave from he beginning as u see in my analysis , that is always my way , diff then u as i see u respecting  the market direction and u think only in a trend way  and of course that is right too and another trade type , anyway when we be at 1560 i will telling u 

Comment by Amjad Siddiqui on May 17, 2013 at 9:22pm

check out the daily chart. making a triangle. max it will hit  1485 in next 20 days in 2 months might touch 1560. but  The question is NOW where we sholud get LONG?  around 1341?  any ideas with solid reasioning?

Comment by Oasis on May 17, 2013 at 9:34pm

Hello Amjad - I have no idea how you experienced traders go about predicting price. My opinion is probably worth no more than the proverbial 2 cents, but here it is. Today's bar was strongly bullish as if Gold was being sold until the last minute. My immediate level of interest is 1323. with USD continuing to show strength this is a wait and watch situation for me, to see what if anything will change in the strength of Gold or USD.


Comment by Walid H Mohamed on May 20, 2013 at 10:33pm
@Amjad , as u see wave 2 try o make a double bottom , i wish and don't hope it run more then this :)


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