The lsland Of Gold Has Been Found

1. The Island Of Gold Has Been Found

2. Points To Be Discussed Today:
• Gold Trade
• The Week Gold Was Up
• Gold Back Over
• Gold Euro Technical Analysis Summary
• Gold Euro Chart Analysis
• Gold Technical Overview
• Gold Fundamental Overview
• Gold Sentiment Poll

3. Gold Trade
• Currencies & metals rally on Friday.
• Gold trades over $1,800 this morning.
• We saw another take down of Gold On Friday,.. So, you
tell me… Gold did end up $8.90 on the day, but….
• That was more than $23 off of its high for the day…
Doesn’t that seem a little fishy?
• Doesn’t it seem as though someone just stole your best
girl?
• I mean Gold had a good end to last week going…
going, gone…

4. The Week Gold Was Up
• For the week Gold was up $25, which isn’t
anything to turn your nose up at…
• But then when we take the manipulation
downward on Wednesday, Thursday and Friday,
we could have seen Gold up by more than $50…
• Every time it shows an inkling to go above $1,800,
it gets smacked right back down below it…
• So, what’s it going to take to get the price
manipulators to allow Gold to rise above $1,800?
I wish a curse on them…
• Maybe that’ll do the trick! HA!

5. Foreign Traders Are Buying Dollars
• In the overnight markets last night…
• The foreign traders are buying dollars again…
• The dollar got bought overnight with the
BBDXY rising from the close on Friday of
1,154.56 to 1,156.16 this morning…
• The euro has slumped and is barely above the
1.16 level…

6. Gold Back Over
• Gold is up $9.90 in the early trading.
• I wonder how long they will allow Gold
to hold it’s $9.90 early gain today.
• Since that gain has taken Gold back over
the $1.800 level.

7. Gold Euro Technical Analysis
Summary

8. Gold Euro Chart Analysis

9. Technical Analysis Indicators
• On the daily timeframe, XAUEUR: D1 has
already broken the triangle and downtrend
resistance line upwards for the 2nd time, and
has also exceeded the 200-day moving
average line.
• A number of technical analysis indicators have
generated signals for further growth.

10. A Bullish Movement
• We do not rule out a bullish movement if
XAUEUR: D1 rises above its last high and upper
Bollinger band: 1560.
• This level can be used as an entry point. The
initial risk limitation is possible below the 200-day
moving average line, the Parabolic signal, the
lower Bollinger line and 3 lower fractals: 1470.
• After opening a pending order, move the stop
following the Bollinger and Parabolic signals to
the next fractal low.

11. The Potential Profit / Loss Ratio
• Thus, we change the potential profit / loss ratio in
our favor.
• The most cautious traders, after making a deal,
can go to the four-hour chart and set a stop-loss,
moving it in the direction of movement.
• If the price overcomes the stop level (1470)
without activating the order (1560), it is
recommended to delete the order: there are
internal changes in the market that were not
taken into account.

12. Gold Technical Overview

13. Gold Technical Overview - I
• The Technical Confluences Detector shows that gold has
recaptured the $1800 mark, with bulls unstoppable, as
they target the Fibonacci 23.6% one-day at $1807.
• If the buying interest accelerates, then a test of the pivot
point one-day R1 at $1811 will be soon on the cards.
• The next stop for gold bulls is seen at the previous day’s
high of $1814, above which the pivot point one-week R1
at $1818 will be challenged.
• Further up, powerful resistance of the pivot point one-
month R1 at $1820 will be a tough nut to crack for gold
optimists.

14. Gold Technical Overview - II
• Alternatively, sellers will probe the strong resistance-
turned-support around $1800, which is the convergence of
the Fibonacci 38.2% one-day, Fibonacci 23.6% one-week
and Bollinger Band one-day Upper.
• Gold bears will then look out for the $1796 cap, which is
the SMA5 four-hour.
• Further south, a dense cluster of healthy support levels
around $1793 will test the bullish commitments.
• That area is the intersection of the Fibonacci 38.2% one-
week, Fibonacci 61.8% one-day, SMAs100 and 200 one-day.
• The last line of defense for gold buyers is the SMA50 one-
hour at $1789.

15. Gold Fundamental Overview
• Gold price is once again testing offers above the $1800
mark, as the bulls look for acceptance above the latter
after Friday’s quick retracement from six-week tops of
$1814.
• As risk remains relatively firmer on Monday, courtesy
of easing China’s property sector concerns, the US
dollar keeps losing additional ground vs. its main
competitors, benefiting gold price.
• Meanwhile, with persistent rising inflation fears amid
supply chain crisis and surging energy costs, gold price
is likely to keep the upper hand as an inflation hedge.

16. Gold Fundamental Overview - I

17. Gold Sentiment Poll
• According to the FXStreet Forecast Poll, gold is
widely expected to reclaim $1,800 in the short
term but the upside potential remains limited
with an average target of $1,815 on the one-
week view.
• The bullish bias remains intact on the
monthly and quarterly outlooks as well.

18. Gold Sentiment Poll - I

19. Gold Sentiment Poll - II

20. The Island Of Gold Has Been Found

21. Thanks for listening
The Island Of Gold Has Been Found