The New CS Board

[dindindon]

08/23/15 Gold

Dindindon Thursday, 08/13/15 10:55:47 PM
1111.25 0.2360 support
1125.18 0.3236 ( 1126.30 08/13/15 )
On a closing basis, gold price closes above 1125.18 to usher in another bounce into middle September

Dindindon Sunday, 08/09/15 08:51:00 PM
dollar may have reached the strong resistance, thus a good news for Gold bugs.

Gold Future hits the trend line resistance (near 1170), its "fate" correlates with USD inversely.

Posted on August 21, 2015 by Martin Armstrong
http://www.armstrongeconomics.com/archives/tag/gold

As far as Gold is concerned, the Weekly Bullish stands at 1188. That is still well above the market with the major resistance starting at 1205–1210 followed by 1225–1230.

Armstrong on Gold
(08/22/15 12:22 PM indirect quote via Russ)
link
On the Daily Level in gold, the target resistance is at 1170 and 1205 on our system models with technical resistance at 1181 area. The closing on Friday at 1159.60 implies initial support should begin at 1151. If this holds, then we can see the pop up to the 1170-1188 area.

i have decoded Armstrong, all his numbers, he just applied simple Fibonacci extensions, with some twist. Numbers may deviate a little bit due to the data base refercne. I use the data via this http://www.investing.com/commodities/gold-historical-data" rel="nofollow" target="_blank" >web site