[quote=prophetjul,Sep 22 2011, 07:39 AM]
Maybe he sshould be in Jap forums..............

[/quote


truly agreed

""QUOTE(Quinn @ Oct 10 2011, 12:23 AM)
Gold is currently consolidating between $1680/oz and $1580/oz. First we need to wait for chikou (green) to get into the kumo & break $1680 for confirmation of bullish movement. If market breaks $1580, it will lead to more bearish movement.

The good news is, if you look at the candlesticks during consolidation, there is more bull (white) candles than bear (black) and definately a lot of small dojis.

Thus, pls give the gold some time to pick its momentum. Like a car, it needs to get heat up first!

If chikou does break the resistance said, then my target will be $1727 before you see some correction before resuming its bullish movement (if the formation of waves looks good at that time.)

Happy trading! ""

hit more than 1680 few hours ago, but i'll give the variance +- 10%. good info Quinn. keep us in loop. the current resistance level is good for consolidation.