Long

Gold's move will be explosive after sideline consolidation

By RoboCash

Updated

Potential reversal 1824, 1833 and 1851 area.

Do your own analysis and dont follow the punters in gold chat blindly. :D

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No brainer really, TP 1 reached about 1823. Wait for a break up to continue, might pull back before launching further.

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I love to troll the Gold Discussion Group... Punters....

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Upper TL supported our bounce. It is time to continue up.

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Once you spend time in TV for couple of years like me, you will know who are the real traders and who are the clowns. Filter the chat and learn from the best and improve your skills.

Those I know who are good, 98% already left TV. I never see them anymore.

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Almost hit TP2, secure another batch. Wait for reactions..

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Previous resistance turn support, 1824.. For now its holding..

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Casino in Gold chat started.. Chill and observe bullish or bearish candle around 1824, and proceed.

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Tricky situation, I'm waiting for a follow up candle. Now supported by weekly pivot.

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*daily pivot

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Expected... can go up to 1836-1843

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Wait for candle close for confirmation.

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No momentum, Daily may close doji, its anyone game now.

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Pleasant surprise! :D

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No matter how hard bears are trying, we are still above the monthly Pivot..

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As long as this channel intact, 1852 - 1862 still on my radar.

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LOL

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Nice retest.

For the love of GOD, DXY and Gold DONT HAVE a correlation. Stop comparing both! This happens due to misinformation on the Gold Chat. What a pity...

Those punters doesn't know what they are trading!

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I agree, it is getting tiring. I suspect we will sideways until FOMC next week. Im still bullish, Im looking at 1850-1860 areas next week.

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Updated chart.

If 1785 give way, then we short.

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Haha, true enough, sideline till today. FOMC will be the mover.... or not.

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Ready to launch..

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Do yourself a favor. Don't loiter in the Gold group chat, 98% of the chat are noises. Your brain will be messed up by those "experts".

Spend your time analyse the chart and wait. Trading is 90% waiting, 10% execution.

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Prepare for carnage, close below 1785 then I bail out.

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Sit and relax... if this 4H close a bull candle, can add long.

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Ur welcome...

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Another important TIPS for you guys: Gold doesnt retrace after a major breakout. Either sideways or continue to climb.

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TPed some at 1824..

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How are you guys doing? Following the gamblers in Gold Chat?

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Be alert, dont be greedy..

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Watch this chart carefully..

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Only 4H break above 1833 then we will go up to 1852 area... So dont enter buy right now. Its not worth the RR.

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What did I say about not to follow the gamblers? all shorting?

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Today's trade of the day, red or yellow arrow, wait for confirmation..

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Above 1813 today, 1876 still on the cards...

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Bullish structure still inctact..

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It didnt work even is inverted hangman on support. Market breakdown.

PA may drift to 1792-1794 area, thats where we can see if price go up or down for NFP tomorrow. Wait for 30m candle confirmation to enter after NFP.

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$3 more to 1794 as expected.

Not much interactions here. I wont post anymore update.

Cheers and good luck.

RoboCash

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