ker.nulov@gmail...'s  Instablog
Send Message
FOREX & FUTURES day & swing trader.
My company:
Ker Trading
My blog:
Ker's Market Patterns
  • Gold for Bears: Can Gold selloff like Oil did? 0 comments
    Nov 26, 2011 10:42 AM | about stocks: GLD, GOLD

    In my last prediction for gold I was trying to fit the "suckers rally" into the chart, considering that gold doesn't trade like oil and it can't selloff hard. Today, watching the weekly downtrend channel, the chart I almost forgot, I found that it is technically possible to selloff quickly into 430 area in about 4 months, like I was calling before. Actually, gold is even in worse position than oil, becaue gold's market is smaller than oil's market. 

    Here are the channels:

    Gold crash to 430

    We have a double channel hit, when this happens, market goes into the other side of the channel. The other side of the channel is very far, the channel itself is composed in 2 subchannels (blue separator) and each of those has its own subchannel (dotted black separator). So, if the selloff is quick and strong the target can be reached in about 4 months. 

    Stocks: GLD, GOLD
Back To's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers


  • Paris attack is discounted in the EUR/USD gaping down 34 pips to 1.0728 (NY time 14:33) Further downside may happen until market opens.
    Nov 15, 2015
  • Sinclair is finally quiet. This must be a short term bottom in gold, good for a test of 1450 and then to 700
    Apr 15, 2013
  • just to remind everybody that 2nd leg of Great Depression 1 started in April:
    Apr 14, 2013
More »

Latest Comments

Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.