Comment by Tahir Khan on April 5, 2012 at 11:47am

GOLD Weekly

Had this chart with me for over 2 months now and just took a peak into it.
1560 looks as a high probability and possibly next spot to hit longs for a decent retrace..
If we can close this week under 1615 expecting 1560 play on gold.. 1610 is also supp on for this week on gold...

GL..

Comment by Tahir Khan on April 7, 2012 at 7:32pm

OIL - Bull Channel - Bear Channel - Wedge - Bull Flag

Yep, we have got em' all and a heavy dose of fundamentals to spice things up on OIL..
I call it a beast for very obvious reason as this is not for the faint heated and by all means not for everyone to trade at all. However setups on OIL pans out well if spotted earlier for the swing on this pair could cause a major hangover........ even for those who have quit drinking or don't drink at all..
For all those into adrenalin rush, this is the place to be...

OIL working a bear channel which infact is a bull flag, which infact disintegrates to a descending wedge and the whole spice put together is within a major bull channel on a bigger picture...
While main supp is around 99.90ish the bull fag base comes in around 100.90 for Monday and to around 100.75 by Tues-Wednesday...

GL...

Comment by Tahir Khan on April 7, 2012 at 7:34pm

GOLD ::

I'm only going with weekly and the 8 hrs here.. To sum things up, there is a greater chance of a break under 1607-10 for a move to 1560 for this week then possibly testing 1680-85 out..
TO look for is 1644-45 resis which is excellent as it is reflecting a decent breakout hence gold to stay under pressure as long as under to it.That means as long as no major time frame candle is closing above to it or the blue dotted on the 8 hrs..
TO the downside the weekly supp is at 1615 but the downfall channel gold has been maintaining and where we been seeing the bounces comes to around 1607-10 in coming days..
A break under subsequently would cause a faster fall towards 1560 lvl...

GL..

Comment by Tahir Khan on April 11, 2012 at 5:39am

GOLD :: stance changed on gold, if 1641-42 comes in supporting we to head for a 1663 tgt, but risk towards 1675 is on for a 1641-42 hold on gold.

Gold today and charts redone. Pretty much explanation on the chart.
To sum it up immediate resis 1660-61 but decent around 1676-77 for today immediate supp 1645-46 but decent one at around 1635-38 since declining and would matter at a time of impact...

GL..

Comment by Tahir Khan on April 11, 2012 at 8:21am

SIlver / OIL

Silver is showing a possible move unfolding to the north side towards testing 32.25-30 resis. 30.90ish is coming in as a decent supp . If Silver can get a close on 4 or 8 hrs above 32.30-35 for today, could negate the downside pressure with an upward bias towards 3480-3500 lvl..

OIL :: Nothing changes on it still the main channel is a bull channel with 100.10 as imp supp and within this bull channel it is currently working a Bull Flag testing lower base of it and within this Bull Flag it is currently working a descending wedge.. Hence all indication to the bull drive here and for any reason it does end up falling, it could very well fall hard with all these supporting and OIL not been able to capitalize on it...

GL..

Comment by Tahir Khan on April 12, 2012 at 4:43pm

GOLD IS GOLD - PLAIN N SIMPLE.......

Well it came and it showed it can do things in a jiffy.. Ladies and Gents:: that's the GOLD for ya all..
However I expect 1680-81 to hold for a correction down possily to 1658 from here.. 4 and 8 hrs have scope to hit one more higher high into around 1679-80 and only 2 hrs suggesting it is done for the high to be in..
Negate any caption and explanation within the charts, as they are from Tuesday...
Anyways.. My misery of a day came to shine out and my slogan is with gold u seldom can be wrong....

GL...

Comment by Tahir Khan on April 12, 2012 at 5:19pm

OIL N SILVER :::

Well they both did as expected.. While Oil could hit into late 105.XX which looks to be the only tgt it should be heading if closing above 102.95...
While Silver if can close higher to 32.35 has a shot to 33.30 for 2moro...

GL..

Comment by Tahir Khan on September 9, 2012 at 5:48pm

It's been a long time since I posted here.. Here are some charts on GOLD and what to expect in coming days...

Had ample of time today and it been a beautiful day here.. Thought of fine tuning some charts on gold and next thing I know I'm keep on going and going on them..
Decided to day a layout on how I plot TL's and what comes with it..
There had been many asking me how to and well I decided I do a little step wise things here and though hard for me to explain and describe certain things, I pretty much thing the charts can speak for themselves...
they are structured meaning the sequence is how I want to show.
Using a 4 hrs and moving to 8 hrs and weekly in b.w only to highlight lvls and what can't be seen on 4 hrs; a bigger TF chart was used for it..

This would be a good practice for those who are into chart patterns and breakouts..

A little on what to expect, well there are multiple views here on charts while we met an initial tgt on the move sustained above 1682, we now need to see how long a consolidated range of 1722-1745 would get to be played out..
Biggest benefactor of the QE3 would be GOLD, so buy the rumors sell the fact if comes into the limelight we surely be into 1800's prior to 13th Sept, pricing in the move.. However if the doubt factor comes into play whether Fed will delay it yet could then keep GOLD range bound to 1690-1750 as it seems....
A break and close higher to 1741-43 resis ( will keep on changing as inclining higher) most likely to say 1750 to make it sound easy, GOLD is not stopping for anyone to board the Train.
Reminds me on the layout on 2 part inv HNS I did 6 weeks back or so, and ever since the neck has broken at 1582 if remember correctly, we kept on trading higher and higher to it..
What you will see here is wedges / Bull channel/ bear channels / flags / breakouts and though diamond form and some other patterns are also there, I think I would like to head out and enjoy some weather......

GL..

Comment by Tahir Khan on September 10, 2012 at 11:54am

Thnx Lisa... Got really busy lately.........  but will try to be regular.....

Comment by Tahir Khan on September 11, 2012 at 7:30am

That 1722 has inclined higher to 1725... Using a 4 hrs have an initial band of 10 pts to play with.. 1725-34-35.. A break higher has tgt of 1744 while extended on 4 hrs comes to 1749-51... A break lower to yield better buy entries around 1710-11 mark... Would prefer a lower move initially for a possible better buying opportunity...
4 hrs chart attached...

GL..

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