Home > Markets > Commodity Futures > Gold falling too

Gold falling too

  1. According to a few models of mine, Gold (COMEX:GCJ0) is expected to fall throughout the day (March 4) and find support in the early hours of March 5. The projection remains relevant as long as the price action is contained within the immediate resistance level of $1142.20.

    IMPORTANT TECHNICAL LEVELS

    Key support/resistance levels (in $):
    1136.90, 1131.70, 1126.50, 1121.00, 1115.60
    1142.20, 1147.50, 1152.70
     
  2. Oh crap just realized I posted this into stocks. If someone could move it to futures/commodities it'd be much appreciated.
     
  3. You posted like 10 resistance and support points
    whats the use?
    gold has resistance @ 1500
    but it also has resistance @ 1300
    and 1250
    and 1100
    and 1050
    and 1030


    good luck using those numbers.
     
  4. Marko jeli ti radis za neku firmu

    Ovi tvoji signali.........zasto ih stavljas na Internet

    Traders koji prave pare don't do what you do.

    I guess you are trying to become the new EliteTrader .com
     
  5. I'm giving a regional perspective. If Gold decisively breaks one support, it often goes to another. That's what the levels are for. But if u prefer just a single S/R level, that's your choice.
    Oh, and I'm not sure if you've been following or just criticizing, but Gold did fall, and it bounced off the forecasted $1126.5 support level.

    I'm also attaching a projection chart, made at the time of my original post , which I don't usually do for general public.



     
  6. Which is it? Viva Serbia or Viva Croatia? :confused:
     
  7. lol! Viva Ontario! alright you're right that doesn't sound quite as cool.

    -Marko


     
  8. Let me guess, my answer would impact your opinion like this.

    Serbs = bad people, they kill other people, CNN says so

    Croats = Some good Some Bad. Though they did fight on Hitler's side.


    ----------------------------------------------

    The real answer is, THEY ARE ALL SCUM :D :D :D

    Just like anglos, just like Jews, just like arabs

    I look around and honestly I think we are all scum.
     
  9. So far, looking good.

    What do you analyze to make a forecast?
    Price? Price+Volume?
     
  10. I build models, import them into neural nets and train them to specific markets. Models are typically comprised of technical, cyclical, and fundamental components, specific to each market. It takes a lot of effort (and patience) but the end result can be quite gratifying. I rarely use your traditional indicators as they lag lag laaaaaaaag.

    -Marko

     
  11. this is bullshit

    you don't trade

    if you one day hope to be a trader making real money

    drop the site bullcrap and learn to trade instead of maintaining sites

    maybe you gave up and are hoping to make it through sites, that would be ok but I think equally difficult
     
  12. I do like this from your site


    "I'm a strong supporter of the First Amendment and do not believe in censorship - nor will you find any here. The content that might get removed is one identified as either purely commercially-charged (blatant advertising), exploitative (think scams) or derogatory. Details below."

    ET could learn from you
     
  13. Sigh. This doesn't even warrant a reply so I'll keep it brief.

    I trade. But I also like to communicate to people. You can do both you know, it does help to receive feedback (just not yours) and get a 3rd party perspective (again, not yours).