GOLD PRO Weekly August 26-30, 2013

[D.R.&Quinch]

taken 20 % of profit here

 

[D.R.&Quinch]

stopeped out. looking to reenter

 

[D.R.&Quinch]

ggotta see what this down means

 

[D.R.&Quinch]

well it still looks long to me. im gettin back in with a moderate stop

 

[D.R.&Quinch]

beyond these blue lines and i'm guessing bears in charge atm

 

[D.R.&Quinch]

This is horrific to watch!

 

[D.R.&Quinch]

not liking the shape of this correction

 

[dkami]

M5 range trade hit target

 

[Triantus Shango]

Q, Asian + European session, M1 TF is best. chart attached.

 

[Triantus Shango]

H1 K-area is holding

sive

here is H1 as of 2.10 am EST. as you can see, the K-area has been tested 3 times already, and is being tested a 4th time as i write this. so far, it has held and shown great resilience.

now, here is my question: am i correct to assume that because it looks so strong, that it will hold the 4th time as well, or at least that the downside will be very limited (to 380/90 and no further down) and that this is the market telling the bears, 'no way! you ain't going down,' and therefore a sign of constant bullish pressure presaging a surge to the upside (which by the way, after looking at daily and H4, i predict will be moderate, that is to say: 140/60 at least, 200/20 and 370/90 at best, then drop from there to let daily extreme OB signals unwind.)