Gold Outlook Next Week (27-31 August 2012)

Hi all,
Looking at the Gold Chart, we will see the BULL is conquering the market right now. Because of what? - There are rumors flying around that Federal Reserve US is going to launch next cycle of QE. Just because of that...the Gold price move up like no limit.

My personal opinion, the gold price is due for correction.
Ok traders, here you are....the result so far for GOLD.....from January-August 2012. Simple strategy - using Candlestick + Trigger indicator.
Jan - 4 Win 2 Loss
Feb - 3 Win 4 Loss
Mac - 5 Win 2 Loss
April - 4 Win 0 Loss
May - 4 Win 1 Loss
Jun - 2 Win 1 Loss
July - 4 Win 2 Loss
August (so far) - 3 Win 0 loss
Total (so far) - 29 Win 12 Loss : Percentage : 70.7% win. Use Risk : Reward : 1:2

 

FCPO Outlook (13-18 August 2012)

Last Friday, the chart shows exhaustion gap, and ends up positively.
Currently, price is at 2850-2890 area....well bellow 2900 area( previously very strong support).
Once we see the Bullish signal above 2900 area, we might want to enter BUY @ LONG again.
Let see whether the price can close above MA 7 on daily chart or not....
Come out & Play Guys..... Cari duit Raya next week....
My Target next week....50 points....

I'm Back

Hi all,
OK, I'm back to the blog space.
For the last 3 weeks, I'd been at offshore, doing pipeline installation works.
Now I got some offshore leave.
What else to do? Trading, Helping wife at home, playing with kids....
hmmm...seem very simple life yah?...