As we have seen, gold made a strengthen move but could not go higher than 1740 as I said yesterday.
Looking to its move in Sidney and Tokyo market now, I think gold will make a consolidation around my red resistance and blue support (see the chart above).
It can also be the scalping path until New York open.
Tonight (in my time), we will have US Building Permits data, but I think it will not give too much impact to gold. Also the result of Eurogroup Meeting has been predictable, so I think it will not give any significant move too.
If gold can break the resistance, I expect gold can go and play around 1740-1750. To go to the higher ground, it need more buying power which can only be provided by some shocking news, which I don't expect any for today. So, in my opinion, gold will not make a very high volatility today.
On the downside scenario, if gold can break both my support, I think it can go around 1720 but not lower, except there are some significant bad news for gold, which I don't see any until this time.
As long as I see this moment, gold still making a bullish trend.
The range for today from my point of view is not higher than 1750 not lower than 1720.
But, since I lost my "crystal ball" then all the above prediction can be wrong ;)
So, be wise guys. Use your own analysis before taking any position.
Good luck and have a nice trading day....
GG - 2012.11.20
Dear Gold God you are a genius and absolutely correct prediction now i am 24/7 hours visitor of your blogs. Dear i am new is market that i mention in My last comments my question was bout fibonacci chart how it place in a trading screen and which way the calculation may made. please send me the method of charting how to put the range etc.
BalasHapusBest regard's
Ali Khan (alikhanmehsud@gmail.com)
Hi Ali Khan,
BalasHapusThanks for the compliment, but I assure you, I'm not a genius. I only have started my trading long before you so it looks like I am like that you consider. Surely, you'll also be a good trader someday.
To use fibonacci just simply choose INSERT menu in your MT4, then from the drop down menu choose FIBONACCI, and then click RETRACEMENT.
Move your cursor to the most TOP or BOTTOM candle, click your left mouse button and hold, drag the pointer across to the BOTTOM or TOP candle on the right. Just remember to make a diagonal crossing, from TOP LEFT to BOTTOM RIGHT in the downtrend, or BOTTOM LEFT to TOP RIGHT in the uptrend.
I think it would be better for you to make trial and error in a demo account. Or find some friends around you who also doing trades. It would be quicker than learning alone.
Hope that help
Dear i appreciated your quick response.I hope it will be helpful for me to create my own chart.
BalasHapusMy prays with you god bless you and your family.
Your best wisher
Ali Khan
Karachi, Pakistan
Your welcome bro...
HapusHope you'll achieve what you're dreaming of.
Good luck and GBU
Bravo Gold-god..
BalasHapussepintas tecnikal anda hampir sama dengan saya suka gunakan fibo + barier Support dan Resistance..
saran anda utk posisi saya baiknya gmn?ada posisi Sell 1912.80 apakah di tahan or di cutloss..saya riil margin,,
terimakasih ( oktavian )
Hi Oktavian,
HapusWah berat juga nih pertanyaannya :)
Kalau anda tanya perkiraan saya tentang harga emas, saya pikir masih tetap ada kemungkinan terjadi koreksi. Tapi memang saat ini dari teknikal yang saya miliki dan fundamental yang ada sampai saat saya ketik balasan ini, saya tidak melihat adanya kemungkinan emas turun sampai ke 1912.
Namun perlu diingat bahwa pasar bersifat dinamis, artinya pasti ada naik turun. Cuma sebesar apa, itu yang tidak bisa saya prediksi saat ini.
Kalau saya sih mungkin bisa sarankan pasang stop loss aja di atas 1740. Soalnya perkiraan saya kalau gold break resistance di 1738-1740 mungkin dia bisa sampai ke daerah 1750 an.
Tetapi sebaliknya, kalau tidak bisa break maka kemungkinan besar dia bisa turun lagi ke 1720 an.
Sekali lagi, ini hanyalah sebuah perkiraan/opini. Jadi jangan beranggapan bahwa saya pasti selalu benar karena pada kenyataannya saya sering salah loh. Menurut saya soal apakah sebaiknya di cut loss atau tidak itu tergantung dari keyakinan anda saja dan juga perkiraan anda pribadi.
Saya doakan yang terbaik bagi anda bro...
dear Gold god..
BalasHapusterimakasih atas sarannya,,saya sudah buang posisi itu pada waktu rabu pagi sempat drop ke 1718..lumayan perkecil cutloss..skrg buy back,,di posisi yg sama cutloss..nice perhitungkan R?/S..
bravo Gold god ditunggu terus Update analisanya...
Oktavian
Sama-sama bro Oktavian,
HapusSaya ikut senang anda bisa perkecil cutloss. Mudah2an sekarang malah sudah balik profit ya. Kalau sempat buka di 1718 dan ditahan sampai 1730 an lumayan tuh :D
Good luck bro