Gold holding strong at daily Kijun sen(red thick line). When price breaks above H2 kumo, we will see the resume of bullish movement.

Strong support @ 1806.90 with triple bottom. This line is get from the flat kumo in H4 itself. It somehow becomes the fibo extension of 61.80.

Breaking 1806.90, price will head for 1756.10. This 1756.10 is i get from ichimoku itself again. However, if i plot a ABCD harmonic pattern, you will see that it supports this view as well.

ICHIMOKU is very powerful. Itself is a system, at one glance, it tells me everything. Good luck!


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Maybe this chart will allow you to see that probably gold rally may get a "red traffic light". Does it mean gold will start its rally instead? If the USD index gets into kumo, it will be a hard time to trade. Many people is going to lose money. Only time will tell!


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same as greece, portugal and italy. us also like to use other people's money to bail themselves out.
greece has a significant amount of gold, italy is the top 5 gold reserve based on World Gold Council stats. but they hold to their gold, and kept selling treasury bond to bail themselves rather than selling off their gold. Y? if they sell out the gold, they'll lose everything.

recently few EU members are already requesting those country requiring bail-out to put their gold as collateral , but greece n italy refuse to and keep on selling their bonds. and greece bonds already hitting 135% yield!

gold price increasing d..... now ask ur friend belanja u.... haha......

it;s a bet lah. I think it will go down mah.

woot !!! 280g? ??? wahhh.........

Cannot lah, UOB only buy for 181.30, still rugi 20cents per gm

rm182 now per gram, since USD strengthen the price will up even gold price still the same.

huh? what's that means? how come uob is selling more than the actual price ($1840)?

USD1,840 x 3.11 = RM5,722.40 per oz
RM5,722.40/31.1 = RM184 per gm

oo, got it, i always multiply it by 3 only coz easier for me to calculate

I am waiting for USD to drop until 3.0 at least, then can buy some at RM 177

i think today market will acting same as pass few days..
morning: upward trend
evening: downward trend
night: upward trend

any one have idea why the trend is like that?
what i can think of is currently different region country have different buy/sell behavior and trend, and due to time zone their market is open at different time.
That's y will have this kind of trend continuously few days...

means that malaysian market always up. when we can see gold & USD down at the same time?

Is it a good time to buy now?

USD increase, gold price also up!

PB, 1 gram Buying RM 186.5500 Selling RM 179.0500

I prefer USD drop than gold drop. When USD drop we can buy gold much more cheaper compare with gold drop

RM177/gram... Are you sure? Will happen in the next 3 weeks?

guys.. can someone elaborate me about

QE3 will cause gold price drop further ?

because there are alot of news saying that QE3 is coming so soon..

from my understanding.. QE3 might leads a burst for gold price...

if my understanding is correct.. then it is a good entry..

Thats what I heard from my banker friend also. No harm just wait wait and see see as gold price consider quite high now due to strengthen of USD