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[dindindon]

09/18/15 Gold

all price make reference to:
http://www.investing.com/commodities/gold-historical-data

Gold Futures - Dec 15 (GCZ5)
In session, Sep 18: High 1141.20, Low 1126.90, ongoing
as of 15:58:38 GMT - 1,136.50 +19.50

review:

Tuesday, 09/01/15 12:02:55 PM
- tested the support 1116.27 (chart 2) successfully
- if it stays above 1132-1134
- good odds to test 1150.9. (chart 3)

Outlook:

- On 09/03 Gold price closed below 1132-1134
- On 09/16 Gold price re-claimed (closed above) 1116.27, the action
- confirmed 1098.20 on 09/11 (projected 1096.38 0.764) is a short term low
- chart 1 gives supports and resistance
- assume "all pulses" riding on the right track,
- then the middle term target is 1249.26
- Gold price is very speculative,
- Fibonacci points/Cycle projections provide rough guides, not a crystal ball

 
 -------    High     Low 
 Sep 18, 1141.20 1126.90		 
 Sep 17, 1130.50 1117.10		 
 Sep 16, 1119.90 1109.80		 
 Sep 15, 1104.50 1103.00		 
 Sep 14, 1108.60 1104.10		 
 Sep 13, 1107.90 1103.90		 
 Sep 11, 1111.70 1098.20 <-- swing low	 
 Sep 10, 1113.50 1105.50		 
 Sep 09, 1123.50 1102.10		 
 Sep 08, 1122.50 1116.40		 
 Sep 07, 1124.00 1115.20		 
 Sep 06, 1123.10 1119.60		 
 Sep 04, 1125.20 1116.20		 
 Sep 03, 1132.90 1120.30 <- closed below 1132-1134	 
 Sep 02, 1140.40 1130.80		 
 Sep 01, 1144.70 1133.50		 
 Aug 31, 1134.00 1124.80		 
 Aug 30, 1133.80 1130.80		 
 Aug 28, 1139.00 1123.60		 
 Aug 27, 1127.40 1118.40		 
 Aug 26, 1143.00 1119.60

chart 1 date 09/17


chart 2


chart 3