GOLD Technical Analysis 2012-06-10

GOLD DAILY CHART

Gold currently in descending triangle, gold traders are at sideway as no fresh news on USD. Anyway, just monitor the chart and make decision when gold break channel or support.

Bloomberg news on gold. The analyst targeted gold will up to USD2,000 this year. Let's see and trade.

Trade Idea:
Stay aside until breakout happened.

GBP/USD Technical Analysis 2012-06-10

4H CHART

GU is in correction phase. Still in Kumo.

Trade Idea:
Standby to short when GU close below 1.5400. Possible target is at 1.5270.

GBP/JPY Technical Analysis 2012-06-10

GBP/JPY Technical Analysis 2012-06-10

4H CHART

GBP/JPY still in downtrend while making correction.

Trade Possibility :
Standby to short if close below 121.80

GOLD Analysis 2011-12-12

Gold continue downtrend after making new lower high at 4H chart.

Pending sell already triggered and target profit suggested at 1648.00. SL at 1725.00

GBP/CHF Analysis 2011-11-27

GC in bullish trend but it's trend is getting weak. This situation leave us an option to either long or short.

If choose to wait for long entry, resistance 2 should be broken to confirm bullish. However, GC may form 2nd triangle after exit 1st triangle as drawn in daily chart.

Looking at 4H chart, GC is in correction of bearish trend. This situation is contradicting with daily chart. Anyway, entry can be made by following Ichimoku rule. Wait for Tenkan Sen (TS) to stay below GC.

Trade Idea:
1- Enter long by looking at daily chart.
2- Enter short by looking at 4H chart and take profit at 1st target level.

GOLD Analysis 2011-11-27

Gold daily chart show the lower high in action. Thus we can consider that Gold in correction from down trend.

Gold is currently in Kumo (No trade zone for daily chart). However, Gold testing the Kumo as support.

A possibility of good trend when Gold break Kumo.

At 4H chart, Gold clearly under bearish trend and currently in correction phase.

Trade Idea:
Sell Gold when break the support line. Target is as shown in the chart.

EUR/USD Analysis 2011-11-20

EU in no trade zone at weekly chart but she just exit Kumo 4 days ago. A lower high clearly be seeing in daily chart.

As of current EU level, we can draw resistance, support and target profit. Refer daily chart.

EU stay below Kumo at 4H chart and she pullback when she touched KS. We believe correction for bearish is progressing.

A bearish triangle also clearly seen at 4H chart. This suggest the current bearish trend is weak.

Trade Idea :
1- Wait for EU stay outside triangle.
2- Enter short when EU break support and stop at SL.

gOOd Luck.


Status as of 2011-11-23:
This one is quite challenging as EU moves in triangle. The probability to rebound after reached lower triangle is high. If this happen, need to put SL at breakeven.

Status as of 2011-11-25:

EU hit target. Enough for this week. Seek new position next week. :-)