Comment by Tahir Khan on September 12, 2012 at 7:05am

Have a weekly outlook with a symmetrical triangle and the top coming around to 106.XX on it.. A break can easily take it to 115-116 USD..
I don't trade this, perhaps 4-5 times in a whole yr but keeping the fundies aside; tech view has a thirst for a 106.XX playout on it..
Currently at resis 97.30-40, with a break possibly taking it to 99.30ish..
101.50 is weekly resis and the same inclines almost a 100 pips higher to 102.50.. In any case a 102.50+ close on weekly would call for a speedy move to 106.XX...

Once again I won't be trading this; but only showing a tech play on it..


GL...

Comment by Tahir Khan on September 12, 2012 at 7:38am

Using a 2 hrs chart, but not finding optimum spot to do anything..
1731 supp at the present. 1741 range top on 2 hrs.. 1715-16 now pops in as an attractive supp where like to build longs for a move higher... 8 hrs main resis now at 1745..
4 hrs and supp is 1729-30 for today..
Inshort 1730 supp is imp for next leg up.. A break under 1729 has a fall structure to 1715 or real close by..
Main supp on dips extends to 1688-91 for today-tomorrow..
A break higher to 1745-48 and we possibly heading in for a 18XX move..
I'm not doing anything worth while on GOLD for now apart from quick scalps here and there.

GL..

Comment by Tahir Khan on September 12, 2012 at 10:38am

1757-58

Comment by Tahir Khan on September 13, 2012 at 10:19am

1720........... well 1722 is coming up on all time frames as imp... 1724-25 as well on 4 and 8 hrs as kinda line in the sand from here onwards.. Alot of supp stretched out but noteworthy is 1701-03......... than down to 1588-91.. With situation as such and a news event that can define next big move, vibes telling me not to hit longs off under 1720...... Resis comes in at around 1740 for around the FOMC and if gold either breaks higher to it on the news or is trading higher to it, would be tempting to try longs.. Ideally it to trade around 1737-40; takes a dip as in a spike to 1722-23 and taking a bounce and heading higher to 1740 would be tempted to try out.. In short prefer to be long above 1740 and to be short under to it.. with supp all stretched out and 3 imp lvls been.. 1722 1701-03 1692 Line in the SAND :: 1685 RESIS :: Pre FOMC 1740 Main Resis : 1750-51 First True Test Higher to 1752 comes in at 1763-64. Gold is getting difficult on finding a decent true supp; hence while under 1740, it could head anywhere on to the lower side... GL...

Comment by Tahir Khan on September 13, 2012 at 3:41pm

OIL::: 101.50 is weekly resis.....

We have tested the resis, almost that is.. Need a break out of the RED for next big move of 200 odd pips roughly...

GL..

Comment by Tahir Khan on September 13, 2012 at 5:40pm

Immensely happy...............
Threshold lvl a break now tgts 1798 prior to 1825..

GL..

Comment by Tahir Khan on September 17, 2012 at 11:17am

I'm kinda on a scalp mode for possibly we gravitate within a tight band.
1766 supp and 1777-78 resis now in play..
Though better supp is 1750; prefers 1758 to pile longs...
1794-95 possible if 4 hrs gets a close higher to 1779-80...
There is a 5 mins ins HNS in motion as well.. IF neck can be broken we can see 1775-76 playout..

GL...

Comment by Tahir Khan on September 19, 2012 at 9:45am

    GOLD 4 hrs 1797 against a 1770 hold

Similar scenario on GOLD 4 and 8 hrs.. We have a break and a possible inv HNS break with neck in RED....

IF holds out 1770-71; we have a 1796-97 coming in..
USD 2 hrs has a bear flag as well..

GL....

Comment by Tahir Khan on September 23, 2012 at 6:14pm

    GOLD 1765-91 band to begin with

GOLD is getting worked upon.. On Weekly it looks set to make a fresh start on the north side, but needs to take out 1791-92 initially for a move to 1800 and than a possibly next leg higher to 1825-28....
As of now 1764-66 is imp on supp for a break under can cause a slip towards 1741...
There is also decent looking supp at around 1758-60 as well; but pressure to built to the south side if the gold breaks under 1765 and finds it hard to get back above to it..
In anyways a deeper move lower should be contained around to 1741...

Most likely a 1791 break for the north or a 1765 break to the south side will set the pace..
For shorting under 1765 one needs still to be a bit cautious around 1758-60 for I see alot of time frame pointing it out as a decent supp as well,
The problem is different time frames are pointing for different lvls on supp esp stretched out within the 1750osh lvl.. which makes me believe 1765 hold would be necessary if we want to see the 1791 taken out to make possible for a move higher ..
Perhaps one way to determine on the stretch supp lvls under 1765 is (whether 1758-60 or 1752-54) if the price on the 8 hrs pierced thru the supp and ends up closing under; then most likely we be heading down for a 1741 and the stretch supp would most likely be taken out one by one...
USD would let us know what to expect on GOLD, for 9850-53 is imp resis on it and if the price can start staying higher to 9850, chances are bright for the USD to stage a rally, else this is where it should end its move if the current bounce on it is corrective in nature..

GL..     

Comment by Tahir Khan on September 25, 2012 at 9:03am

    GOLD On 4 hrs N DIAMOND FORM

Here it it on 4 hrs.. 1756 supp and 1770-71 resis within the diamond form.. on a lower side actual fall begins once under 1748.. to the higher side we can head towards 1795-96 while Daily and 8 hrs points to 1805-06..

GL....     

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