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Author Topic: Gold  (Read 3049 times)

Offline astr0144

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Gold
« on: August 13, 2018, 06:43:52 am »
I made a post a few weeks ago on Gold and the US Stock Market,

but it seems to have disappeared.

I indicated that I thought that Gold may come down to 1200 to 1180 price level..

and that it was making what I call a symmetrical type formation...

where it was about 16 months since the main low that occurred in Dec 2015.

Prior to that Dec 15th 2015 date... 16 months before that had been another main low pivot form..in June 2013

Based on this formation and some time Cycles that I have coming in end of this and next week... I think there is a good possibility that Gold could take off again for a large fast rally.... similar but an inverse move to the decline from Oct 2012 to that other low made in June 2013

That high in Oct 2011 was at a price level of about 1800 and it ell for about 8 months.

In 8 months from August is supposed to be the Brexit deadline..End of March 2019.

It would not surprise me if we see Gold rally into this time frame..

If Gold fall below another  previous main low since Dec 2015 that was made one year later
in Dec 2016... after  around August 19th to 25th...

My analysis maybe wrong and if I had bought Gold I may then consider seling it for a small loss..

If it does take off however... the gains could be huge..

Gold Coins maybe one way if buying physical Gold  or if one is familiar with how to play the financial Markets.... Gold Futures..

Gold Futures would make the most gain is also  the most risk..

Gold fell to new lows earlier today for this year and since Feb 2017 to hit a low  level of
1194

It will be interesting to see if it goes lower to around the 1180 level..

but as I say if it breaks below the Dec 2016 low at 1172 after either between Aug 19th to 25th or after the US September Holiday... Around Sept 3rd to  5th 2018 ...  That may still suggest that its likley to continue going down..






« Last Edit: August 13, 2018, 06:53:45 am by astr0144 »

Offline astr0144

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Re: Gold
« Reply #1 on: October 11, 2018, 03:09:38 pm »
In ref to my prior posts on Gold and the US stock Market.

Gold seems to have started to rally as I had suggested since the August low..

The Chart shows the last Price bar around 1228 level breaking above the past months price range that was showing past highs around the 1215 to 1220 level..




and the US Stock Market S& P 500 and Dow Jones found highs around Sept 21st and Oct 3rd... in the time frame that I indicated in another post...

At the Moment the Dow Jones has made another similar decline to that made back in January 29th  to Feb 6th.. so far its declined over 2000 points at one stage today from a high of 26951 to a low of around 24900  in about 8 days.. a HUGE decline...in such a short time...

It may go down another 500 to 1000 points or more by end of Friday or by Monday...

I have another cycle in for Friday 12th  or Monday 15th Oct that may find either another swing pivot high or  low that could either continue the decline for some time.. or if it comes in as a low and could reverse it at least temporary for some time...

I have another cycle in somewhere between 6th to 11th of November which I think the market could move into either as a severe low or another high if we do see a low form Friday or Monday in the next day or so...which would be a reversal.

Initial target as a low would be around 24700..which would prevent a larger decline or 25550 to 26000 for a high on Friday if it pulls back.

At the moment the Dow Jones market seems very similar to the price bars Back in February....and also at smilar levels.... almost to the same amount of time since the highs made..

Back then... I recall the market making an attempted pull back about 200 to 300 points..
the occurred from the early next day on a 24 hr market from midnight UK time.. up until about 16.00 hrs...(about 11 am New York time)  the market then went on to have its largest one day decline ever. of over 1600 points in one day..

I am wondering if we may see an almost similar situation on Friday if it breaks below 24700 level..


http://www.thelivingmoon.com/forum/index.php?topic=11079.msg145491#msg145491


Quote

At the Moment the Stock market topped into a main cycle that I have...and I have another betwen Sept 21st to Oct 4th...


which suggest if tops occur... that it could go down....But I did think the market would possible remain strong into March 2019..

Gold found a nice low around August 15th/16... that I am wondering if it could rally from that low level...   I await to see if it breaks a high point made Early Sept after it had rallied quite severe after the August 16th low.. It may react again about Sept 21st IMO..










https://www.theguardian.com/business/2018/oct/11/stock-markets-dow-donald-trump-fed-chair


« Last Edit: October 11, 2018, 05:04:52 pm by astr0144 »

Offline ArMaP

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Re: Gold
« Reply #2 on: October 11, 2018, 04:19:12 pm »
I made a post a few weeks ago on Gold and the US Stock Market,

but it seems to have disappeared.
This one?

http://www.thelivingmoon.com/forum/index.php?topic=10979.msg143907#msg143907

Offline astr0144

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Re: Gold
« Reply #3 on: October 11, 2018, 05:07:43 pm »
Hi ArMap,

I think that was the post that I referred to..

but I thought that I had posted it in the money section..

I had tried a search for it when I made this thread back in August but could not find it.

Thanks for finding and posting it..

This one?

http://www.thelivingmoon.com/forum/index.php?topic=10979.msg143907#msg143907

Offline astr0144

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Re: Gold
« Reply #4 on: July 04, 2019, 02:09:33 pm »
Just a quick update on my thoughts on Gold and the Stock Market.


Since I wrote this post Back in Oct 2018...

The Stock Market or Dow Jones  did make a very large decline from Oct 3rd 2018....in fact it was the largest decline ever of over 5000 points within 3 months....when it fell from a level of 26954 to 21454 by ened of the year..

It did however go on to reverse back up from December 26th and amazingly has recovered...

At the moment the Dow has made a new high at the 2700 level on what in chart pattern terms suggest what is knwn as a triple top that can often be a sign of a strong reversal..if the 3rd top holds around the prior or past highs within a few points..(say within 50 to 100 on the Dow...)

It has however hit another important cycle that  I am concerned about that occurs any time between today and July 11th... or 21st.. that could see it reverse down again....If it stays up after July... then I expect it may continue to rally into at least October to initially 28200 or 28800 level...

On the S&P 500 the other MAJOR US INDEX.... that has made a similar chart pattern between Jan 2018 and now..
BUT its present level seems to have broken to new highs that shows quite a clear break above the past Jan and Oct 18 highs.. that makes the chart pattern look less bearish...

Gold however did find a low within the time frame that I indicated and has since continued to go even higher and a week of two ago had hit the 1420/30 level...if I recall I posted my analysis back in August 2018 when gold hot a level of about
1180...

One chart  that I just looked at sugest gold it a high of 1439..

the 1440 level could see a reversal....especially if this cycle reacts

so its rallied up by 240 /250  points or more....within a year so far....

If you were able to trade Gold Futures.. if I recall each point moved in Gold is worth $10...

so a 240 point move would have made 250 x $10 = $2500 per contact...

Although full contracts can be expensive... in Futires you can trade on a small % of the full contract known as margin say at a 10th of its real value but still make gains of the full contract...

But you have to protect your trade with whats known as stop losses and no doubt the risk is higher...

if you can time it well and estimate price levels tha risk is much less..


Quote
Gold (GC) futures have a tick size of 0.10 per troy ounce. A contract is for 100 troy ounces, so the contract price moves in increments of $10.



if the Stock market should decline severe by end of the year... Gold may go much higher  or even new all time highs...

I had hoped that all who could have purchased some gold or held some may have managed to have made a profit of some sort... and  Zorgon had been able to had done so....













 
« Last Edit: July 04, 2019, 02:47:17 pm by astr0144 »

 


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