18th July 2013
GOLDLYTICS
Gold had a $30 range yesterday and settled at $1275 down $15 on the day as investors consolidated their trading positions after Mr Ben Bernanke confirmed he expects the economy to pick up further in 2014 and that tapering might be delayed, further boosting the equity markets. The fundamentals no matter what have taken a back seat at the moment and so I would like to pick out a pattern I have found starting from March. In March we had a $243 sell off followed by a 50% retracement. The market then sideways traded at the 1400 level before another major move to the downside. The move in June was $205 and has also retraced 50%. If we follow the pattern from the previous +200 point move then we should start to settle and sideways trade from about the 1237 level before we have the next major down move. Pattern recognition and charting analysis is something which is a subjective art and can be manipulated, however in this instance I think there could be some real potential.
黄金分析
因在伯南克证实他预期2014年经济增长将进一步加快,同时削减措施可能推迟,股市被推高,投资者整理头寸,黄金昨天波动30美元,收盘价下降15美元,至1275美元。在这个时候基本面影响都退居其次,所以我想提出从3月份开始我发现的一种模式。3月份黄金在回调50%后,暴跌243美元。市场交易于1400价位,随后再次大幅下跌。6月份黄金也是回调50%,然后下跌205美元。如果我们跟随这种模式,那么在下一波主要跌势前,我们应该在1237价位进行单向交易。模式识别和图表分析是很主观性的同时也是可操作的,然而在这种情况下我认为这会真正产生一些作用。