GOLD to move to lower boundary of range

GOLD will be moving to lower end of short term range in next 2 weeks. The profit is to be made by shorting GOLD at the intermediate rallies.




Alternate Scenario 2:




Abhay

Look for buying opportunity in GBPJPY

A bounce was indicated in GBPJPY around 12th Aug lows. It seems like there may be a downturn again after this initial bounce. If it happens then it will be good opportunity to go Long in GBPJPY for a nice profit.




GBPJPY bounced as was forecasted and has continued to move down from there. It is now getting close to presenting a buying opportunity




Abhay

Sell Opportunity on 3rd Aug in GOLD for short term profit

Nice trading opportunity is developing in GOLD. Set up for nice shorting opportunity is developing for quick 2-3 days profit which then will present opportunity to reenter and BUY GOLD around 4th or 5th Aug'09



Compare how actual action played out...



Abhay

Sell Opportunity in GOLD: Sell on 17th Jul'09

Sell opportunity in GOLD on 17th Jul'09. Gold should form short term top around 17th Jul'09

Good Trading Opportunity in GOLD this week: Buy on 8th Jun'09, Sell around 10th-11th Jun'09 and Buy again on 15th Jun'09

Good Trading Opportunity in GOLD this week:

Buy on 8th Jun, Sell around 10th-11th Jun and Buy again on 15th Jun'09

Look for Sell opportunity in GOLD between 28th May - 1st Jun'09

Look for SELL opportunity in GOLD between 28th May - 30th May. GOLD may remain in range until next Monday i.e 1st June'09 and then it should give decent gains by 4th/5th June'09

GOLD likely to see lower prices on Friday, 22nd May'09

GOLD is likely to see some profit taking on Friday, 22nd May'09. The lows of Friday will be good opportunity to enter Long once again for higher prices by 26th May'09





Abhay

Euro to rise between 25th May to 28th May'09 and Drop from 28th May to 1st of Jun'09

If you don't have any position in Euro then wait until 25th May....

Euro is expected to rise between 25th May to early 28th May'09 and it will offer a very good selling opportunity on 28th May..

GBPJPY: Buy on Pullbacks into Mid Jun'09

GBPJPY will move higher into mid June'09. I am recommending a buy on pullbacks strategy

Must confirm with technicals, moving average crosses or support at lower std deviation of regression lines can be used to confirm..

Scenario 1

Scenario 2

GOLD to see higher prices by 22nd or 23rd May'09

GOLD has dropped this morning of 18th May as was projected. The revised outlook is projecting higher prices in GOLD by 22nd or 23rd May which will be a good selling point.

From the lows formed today or early 19th May, GOLD should start rising till 20th, then pullback little and continue to rise higher till 22nd or 23rd May'09

Abhay

GOLD to see lower prices this week down on 18th, in trading range for next 2-3 days and down again by 21st May'09

Last week GOLD followed the alternative scenario posted and this week it will see a pullback lower.

It will be likely down on Monday 18th May, then possibly in range for 2-3 days and going lower again by 21st May.

May 21st should be buying time again in GOLD

Abhay

GOLD Sell opportunity now, BUY on Fri 15th or Mon 18th

Seems like the bounce indicated on previous projection has happened today. I see this as SELL opportunity in GOLD and it can be boughtback on 15th May'09 or by 18th May'09 as per alternative scenario.

I am posting 2 possible scenarios. Most likely lower prices will happen on 15th May but if not then by 18th Mon as per alternative scenario

Gold to see lower prices by 12th May - 13th May

Gold to see lower prices by 12th May - 13th May, followed by higher prices and going lower again by 19th - 20th May'09