Replies to post #16042 on CHARTS_CCI_SYSTEM

[dindindon]

Oil & Gold

completed one quick round of PUT option on COP
exciting days, heeeheehe

some material wrote last night (& posted in Traders-Talk) with morning Edit.

08/09/15 08:51:00 PM
from the following charts & re-post, dollar may have reached the strong resistance,

04/29/15 09:45:31 AM

U.S. Dollar: Evidence of Important Top
04/13 - 100.27 (100.27 < 100.78)

status:

- The inverse relationship between Gold price & USD index comes back
- The correlation Comes and Goes, no one knows when it ends for sure.
- Fed Gangs rate hike drama complicates the USD direction
- USD index is retesting the secondary high 100.27 observed on 04/13/15
-
- Gold prices is holding at its finest Precious Moments
- The Gold rally since 07/24 is in jeopardy if the following support zone is accessed & lost:
- 0.764 1104.5 1100.7
- 0.786 1102.1 1098.2
- EDIT: 0.786 support lost

Date___ High__ Low___
Nov 06 1109.70 1084.60 ongoing
Nov 05 1110.80 1102.20
Nov 04 1121.90 1106.70
Nov 03 1134.70 1114.20
Gold Futures - Dec 15 (GCZ5) http://www.investing.com/commodities/gold-historical-data

Jobs report crushes expectations, unemployment rate plunges to 7-year low
11/06/2015
http://www.businessinsider.com/october-job...ember-6-2015-11

- "Good" job report triggers USD up whopping $1.23, to test the late April high 100.23 (04/13/15)
- Therefore, Gold dives accordingly, the support is around 1074 - 1079

11/02/15 09:44:08 AM
A potential buy zones for NUGT
(1) 32.8 +/-
(2) 25.5-28.5

- It is getting closer to buy NUGT for a short term play, no signal yet, keep watching.

as of 14:48:31 GMT
US Dollar Index - Dec 15 (DXZ5)
99.32 +1.23 +1.26%
http://www.investing.com/quotes/us-dollar-...historical-data

as of 14:49:11 GMT
Gold Futures - Dec 15 (GCZ5)
1,087.10 -17.10 -1.55%
http://www.investing.com/commodities/gold-historical-data

Top USD, Bottom Gold, charted yesterday

[dindindon]

World Oil Rapprochement: Saudi Russo Rapprochement Back-on-Track

11/05/15 11:39:32 AM
"Road side" news says Big brother Putin works "very hard" with Saudi Arabia ...

Saudi Russo Rapprochement Back on Track

November 12, 2015 F. William Engdahl

... Three major events not evident in June appeared to have ended the nascent cooperation between the two Cold War foes. Then reality and pragmatism appear to have set the improving relation between two of the world’s largest oil producers back on track in the past days ...

Full text
http://journal-neo.org/2015/11/12/saudi-russo-rapprochement-back-on-track/