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  #1 (permalink)  
Old 05-24-2007, 12:41 AM
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Trading Gold/USD

Hi All, this is my first post here. I have been member in other forums, and I would like to participate here with a thread about trading Gold/USD.

This is the GOLD/USD 1 hour chart. I still think it will go up due to the strong support formed as shown.

Any comments or ideas will be appreciated.
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Old 05-24-2007, 12:45 AM
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4 Hour chart showing the same support line. Any idea?
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Old 05-24-2007, 01:18 AM
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You have an up channel, but would be great if you post the monthly chart as well !!!
The Gold/US has inverse relationship, and looking at the forex charts I see the dollar is strengthen and gaining power, so although you have an up channel this might be a fib retracement on a monthly or weekly charts and the actual move might be down, I hate to build my trades bases on speculations but it’s looking good for the US this year.

This is a personal opinion, and I might be wrong

Some facts about the US dollar
- Largest Economic power in the world
- 40% of capital market assets from foreign investments
- 90% of all currency transactions involve the US dollar
- Gold and US dollar has inverse relationship
- Highly influenced by US Stock and Bond Market ( when the Bond and stock market of a country starts to heat up , that means more money flowing into that country which means strength of the country currency)
- Can be changed with the oil price ( inverse relationship)
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Old 06-03-2007, 07:03 AM
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GOLD and DJI
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Old 06-03-2007, 07:05 AM
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Indicators for DJI/GOLD for NorthFinace
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File Type: mq4 ER_DJI_GOLD.mq4 (2.8 KB, 106 views)
File Type: mq4 VOL_DJI_GOLD.mq4 (2.8 KB, 99 views)
File Type: mq4 TradingHours1.mq4 (38.7 KB, 148 views)

Last edited by barnix; 06-03-2007 at 08:20 AM.
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Old 06-03-2007, 07:17 AM
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TECHNICAL DATA ON COMMODITIES
Currency Key Commodities
AUD Energy incl. Oil, Gold, Aluminium, Copper
CAD Energy incl. Oil, Gold, Aluminium, Copper, Nickel
NOK Energy incl. Oil, Aluminium, Nickel
NZD Aluminium
ZAR Gold, Energy incl Oil, Aluminium
http://www.todayfx.com/commodities.html
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Old 06-03-2007, 07:33 AM
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Indicators2 for DJI/GOLD for NorthFinace
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File Type: mq4 ER_DJI_GOLD2.mq4 (2.8 KB, 79 views)
File Type: mq4 VOL_DJI_GOLD2.mq4 (2.8 KB, 74 views)

Last edited by barnix; 06-03-2007 at 08:21 AM.
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Old 06-03-2007, 07:34 AM
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GOLD and DJI with Indicators 2
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Old 06-03-2007, 07:50 AM
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USA central bank gold reserve is constant:
http://www.forex-tsd.com/106283-post11.html

Other country's central banks buy gold:
http://www.forex-tsd.com/106265-post2.html
http://www.forex-tsd.com/106268-post4.html
http://www.forex-tsd.com/106269-post5.html
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Old 06-03-2007, 08:37 AM
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"V" on GOLD in New York session.
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