US$ Direction

US$ Direction on DX 03-13 E-mini Futures Contract

My direction Long term, in "Long" if we keep the same commitment from buyers. Right now, we should take a break as a consolidation or go back to resistance #2 or #3. [caption id="attachment_6221" align="alignleft" width="150"] DX[/caption] US$ Direction Weekly: On Weekly chart, we din't close above the double top. Is why, Buyers will probably take a break and then push one more time and should easily pass this price next time. For this they need to go back at MA50 and MA200 , or at least as close is possible.  and then, enter in market with higher volume than past move UP. [caption id="attachment_6222" align="alignright" width="150"] dollars[/caption] US$ Direction Daily: On daily chart, we can see many support for buyers, and is why I say I was "long" before . Notice also, we are creating a new Bullish channel. We are leaving the small, to create a bigger one. Is not yet Donne/confirm, but look like it will. # [...]

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Gold Direction

Gold Direction using GC 04-13 E-mini Futures Contract. 1440 minutes Chart. Gold drop faster than usually, and was looking to break bearish channel on weekly chart. Gold price close at 1580.4. You may think is a safe trade to take "Long" so we respect or trend line, but let me tell you, it's not an easy trade to take. very tricky! . Sellers was so strong and so committed  that buyers wasn't able to create any dissent resistances during past two weeks. 

[caption id="attachment_6210" align="alignleft" width="150"] gold[/caption] Gold Direction Long:

Gold direction long , if you are looking to take this trade. make sure you see buyers twice more than sellers. If we go long, not much to say...we are looking to respect bearish trend line. My targets are : 1st: 1592.0 , 2nd: 1619:  and 3rd 1647. 1592, are my " safe target", I will explain why later. and 1647 is the price we should hit and close at this price before another reversal. I will be honest,I don't see this happen.

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