Thread: Gold, Oil & US Dollar Relationship.

Gold' fall from 1266.5 resumes by taking out 1175.1 and reaches as slow as 1156.9 so far. Short term outlook will now remain bearish as long as 1203.9 resistance holds and we'd expect deeper decline to 1124.3 support next.

"P&F GOLD30 Box Size $6X3 or(1.49%) HI/LO
Data 1265.02 - 1157.88 ~ 2 Month ~ 62.92 Day
Database 2056 records 1161.33 (Last Close)
2010-05-26 16~00
2010-07-28 14~00 (GMT+01:00) Paris
BJF Trading Group MDunleavy chart"

1260.00|~6$||__________________x_+_____________|0. 4%|8.82%
1254.00|~12$|__________x_o_x_o___o_+___________|0. 87%|8.3%
1248.00|~18$|______x___x_o_x_____o___+_________|1. 35%|7.78%
1242.00|~24$|______x_o_x_o_x_____o_____+_______|1. 82%|7.27%
1236.00|~3O$|______x_o_x_o_x___+_o_______+_____|2. 29%|6.75%
1230.00|~36$|______x_o_x_o___+___o_________+___|2. 77%|6.23%
1224.00|~42$|__x___x_o_x___+_____o___________+_|3. 24%|5.71%
1218.00|~48$|o_x_o_x_o___+_______o_____________|3. 72%|5.19%
1212.00|~54$|o_x_o_x___+_________o_____x_______|4. 19%|4.67%
1206.00|~6O$|o___o_x_+___________o_x___x_o_____|4. 67%|4.16%
1200.00|~66$|____o_+_____________o_x_o_x_o_x___|5. 14%|3.64%
1194.00|~72$|____+_______________o_x_o_x_o_x_o_|5. 61%|3.12%
1188.00|~78$|____________________o___o___o_x_o_|6. 09%|2.6%
1182.00|~84$|____________________________o_x_o_|6. 56%|2.08%
1176.00|~9O$|____________________________o_+_o_|7. 04%|1.56%
1170.00|~96$|____________________________+___o_|7. 51%|1.05%
1164.0|~1O2$|________________________________oV|7. 99%|0.53%
1158.0|~1O8$|________________________________oV|8. 46%|0.01%
1152.0|~114$|________________________________+V|8. 93%|-0.51%
Column|||||||3_3_4_8_5_6_5_4_1_1_1_3_3_4_6_4_7V|
Count||||||||____________________2____________V|


BJF Trading Group. Excel Chart. Full size.

Dollar index has best week in nearly 2 years.
Aug 13 (Reuters) - The dollar on Friday marked its best week against a basket of major
currencies in nearly two years, as worries about the strength of the global economy fed short-
covering and safe-haven demand for the greenback.

The dollar index .DXY, which measures the greenback against six major currencies, rose 3.2
percent this week to 82.943. That was the biggest weekly gain since it rose nearly 5 percent in
the week ended Oct. 26, 2008.

Worries that a slower U.S. economy could cause headwinds for global growth led investors to
sell risky assets and buy dollars as a safe-haven play, traders said

The US Dollar Index rallied off support at 80. Penetration of the descending trendline
indicates that the down-trend is weakening.

"P&F _DXY10080 Box Size20X3 or(6.28%) HI/LO
Data 120.51 - 70.7 ~ 211 Month ~ 6405 Day
Database 916 records 82.92 (Last Close)
1993-01-24 00~00
2010-08-08 00~00 (GMT+01:00) Paris
BJF Trading Group MDunleavy chart"

120.0|~2OO||__________________o_x_+_______________ ______|0.42%|69.73%
118.0|~4OO||____________x___x_o_x_o_+_____________ ______|2.08%|66.9%
116.0|~6OO||____________x_o_x_o_x_o___+___________ ______|3.74%|64.07%
114.0|~8OO||____________x_o_x_o_x_o_____+_________ ______|5.4%|61.24%
112.0|~1OOO|____________x_o_x_o___o_______+_______ ______|7.06%|58.42%
110.0|~12OO|____________x_o_______o_________+_____ ______|8.72%|55.59%
108.0|~14OO|____________x_________o___________+___ ______|10.38%|52.76%
106.0|~16OO|____________x_________o_____________+_ ______|12.04%|49.93%
104.0|~18OO|________x___x_________o_______________ +_____|13.7%|47.1%
102.0|~2OOO|____x___x_o_x_________o_______________ __+___|15.36%|44.27%
100.0|~22OO|____x_o_x_o_x_________o_______________ ____+_|17.02%|41.44%
98.00|~24OO|____x_o_x_o_________+_o_x_____________ ______|18.68%|38.61%
96.00|~26OO|x___x_o_x_________+___o_x_o___________ ______|20.34%|35.79%
94.00|~28OO|x_o_x_o_x_______+_____o_x_o___________ ______|22%|32.96%
92.00|~3OOO|x_o_x_o_______+_______o___o_x_________ ______|23.66%|30.13%
90.00|~32OO|x_o_x_______+_____________o_x_o_______ ______|25.32%|27.3%
88.00|~34OO|__o_x_____+_______________o_x_o_x___x_ __x___|26.98%|24.47%
86.00|~36OO|__o_x___+_________________o_x_o_x_o_x_ o_x_o_|28.64%|21.64%
84.00|~38OO|__o_x_+___________________o_x_o_x_o_x_ o_x_o_|30.3%|18.81%
82.00|~4OOO|__o_+_____________________o___o_x_o_x_ o_x_o_|31.96%|15.98%
80.00|~42OO|__+___________________________o_x_o_x_ o_x___|33.62%|13.15%
78.00|~44OO|______________________________o_x_o___ o_x_+_|35.28%|10.33%
76.00|~46OO|______________________________o_x___+_ o_+___|36.93%|7.5%
74.00|~48OO|______________________________o_x_+___ +_____|38.59%|4.67%
72.00|~5OOO|______________________________o_+_____ ______|40.25%|1.84%
70.00|~52OO|______________________________+_______ ______|41.91%|-0.99%
Column||||||4_7_1_5_6_3_1_4_4_5_4_1_3_8_5_1_8_5_5_ 6_6_3_|
Count|||||||____O_______O_________4_______O_______ ______|



BJF Trading Group. Excel Chart. Full size.

I predict bearish trend...
Trade Idea: GOLD - Sell (Stop Limit) at 1356; Target: 1296 ; Stop: 1368.
See the details on the charts.

"P&F GOLD10080 Box Size40X2 or(9.76%) HI/LO
Data 1387.03 - 251.7 ~ 233.81 Month ~ 6874 Day
Database 989 records 1358.95 (Last Close)
1991-12-29 00~00
2010-10-24 00~00 (GMT+01:00) Paris
BJF Trading Group MDunleavy chart"

1400.00|~4O|______________________________________ ____+_|456.22%
1360.00|~8O|______________________________________ ____x_|440.33%
1320.0|~120|______________________________________ ____x_|424.43%
1280.0|~160|______________________________________ +___x_|408.54%
1240.0|~2O0|______________________________________ x_+_x_|392.65%
1200.0|~240|______________________________x_______ x_o_x_|376.76%
1160.0|~280|______________________________x_o_x___ x_o___|360.87%
1120.0|~320|______________________________x_o_x_o_ x_____|344.97%
1080.0|~360|______________________________x_o___o_ ______|329.08%
1040.0|~4O0|______________________________x_______ ______|313.19%
1000.0|~440|______________x___________x___x_______ ____+_|297.30%
960.00|~480|______________x_o_x_______x_o_x_______ __+___|281.41%
920.00|~520|______________x_o_x_o_x___x_o_x_______ +_____|265.51%
880.00|~560|______________x_o___o_x_o_x_o_______+_ ______|249.62%
840.00|~6O0|______________x_____o_x_o_x_______+___ ______|233.73%
800.00|~640|______________x_____o_x_o_x_____+_____ ______|217.84%
760.00|~680|______________x_____o___o_x___+_______ ______|201.95%
720.00|~720|______x_______x_________o___+_________ ______|186.05%
680.00|~760|______x_o_____x___________+___________ ______|170.16%
640.00|~8O0|______x_o_x___x_________+_____________ ______|154.27%
600.00|~840|______x_o_x_o_x_______+_______________ ______|138.38%
560.00|~880|______x_o___o_______+_________________ ______|122.49%
520.00|~920|______x___________+___________________ ______|106.60%
480.00|~960|______x_________+_____________________ ______||90.70%
440.0|~1O00|______x_______+_______________________ ______||74.81%
400.0|~1O40|__x___x_____+_________________________ ______||58.92%
360.0|~1O80|__x_o_x___+___________________________ ______||43.03%
320.0|~1120|____o_x_+_____________________________ ______||27.14%
280.0|~1160|____o_+_______________________________ ______||11.24%
240.0|~1200|____+_________________________________ ______||-4.65%
Column|~||||O_2_3_1_4_2_2_1_3_2_5_4_5_7_3_8_3_2_2_ 4_2_5_|
Count|~|||||______1_______1_______________________ ______|


BJF Trading Group. Excel Chart. Full size attached.

"P&F _DXY10080 Box Size 170X3 or(5.33%) HI/LO
Data 120.51 - 70.7 ~ 221.19 Month ~ 6503 Day
Database 930 records 78.48 (Last Close)
1993-01-24 00~00
2010-11-14 00~00 (GMT+01:00) Paris
BJF Trading Group MDunleavy chart"

120.7|~17O||________________________+___+_________ __________________|-0.16%|70.72%
119.0|~34O||____________________+___x_o_x_+_______ __________________|1.25%|68.32%
117.3|~51O||____________________x_+_x_o_x_o_+_____ __________________|2.66%|65.91%
115.6|~68O||____________________x_o_x_o_x_o___+___ __________________|4.07%|63.51%
113.9|~85O||____________________x_o_x_o_x_o_____+_ __________________|5.49%|61.1%
112.2|~1O2O|____________________x_o_x_o___o_______ +_________________|6.9%|58.7%
110.5|~119O|____________________x_o_x_____o_______ __+_______________|8.31%|56.29%
108.8|~136O|____________________x_o_______o_______ ____+_____________|9.72%|53.89%
107.1|~153O|____________________x_________o_______ ______+___________|11.13%|51.49%
105.4|~17OO|________________+___x_________o_______ ________+_________|12.54%|49.08%
103.7|~187O|____________+___x_+_x_________o_______ __________+_______|13.95%|46.68%
102.0|~2O4O|________+___x_+_x_o_x_________o_______ ____________+_____|15.36%|44.27%
100.3|~221O|________x_+_x_o_x_o_x_________o_______ ______________+___|16.77%|41.87%
98.60|~238O|____+___x_o_x_o_x_o_________+_o_x_____ ________________+_|18.18%|39.46%
96.90|~255O|____x_+_x_o_x_o_x_________+___o_x_o___ __________________|19.59%|37.06%
95.20|~272O|+___x_o_x_o___o_x_______+_____o_x_o___ __________________|21%|34.65%
93.50|~289O|x_+_x_o_x_____o_______+_______o_+_o___ __________________|22.41%|32.25%
91.80|~3O6O|__o_x_o_x___________+_________+___o_x_ __x_______________|23.82%|29.84%
90.10|~323O|__o_x_o_x_________+_______________o_x_ o_x_o_____________|25.23%|27.44%
88.40|~34OO|__o_+_o_x_______+_________________o_x_ o_x_o_x___x___x___|26.65%|25.04%
86.70|~357O|__+___o_x_____+___________________o_x_ o_x_o_x_o_x_o_x_o_|28.06%|22.63%
85.00|~374O|______o_x___+_____________________o_+_ o_x_o_x_o_x_o_x_o_|29.47%|20.23%
83.30|~391O|______o_x_+_______________________+___ o_x_o_x_o_x_o_x_o_|30.88%|17.82%
81.60|~4O8O|______o_+_____________________________ o_+_o_x_o_x_o_x_o_|32.29%|15.42%
79.90|~425O|______+_______________________________ +___o_x_o_x_o_x_o_|33.7%|13.01%
78.20|~442O|====================================== ====o=x=o===o=x=o=X35.11%|10.61%
76.50|~459O|______________________________________ ____o_x_____o_x_o_|36.52%|8.2%
74.80|~476O|______________________________________ ____o_x___+_o_+___|37.93%|5.8%
73.10|~493O|______________________________________ ____o_x_+___+_____|39.34%|3.39%
71.40|~51OO|______________________________________ ____o_+___________|40.75%|0.99%
69.70|~527O|______________________________________ ____+_____________|42.16%|-1.41%
Column||||||1_3_5_9_1_3_4_5_6_3_1_5_6_5_4_1_3_8_4_ 6_6_1_1_6_6_8_8_7_|
Count|||||||________1___________1_________5_______ ____2_O___________|



BJF Trading Group. Excel Chart. Full size.