Watch this 1260-level , at FIB.ext 1,618.... maybe a small top here ?
Back down in the channel, and maybe out on downside channel FIB 0,382 or more 0,5 ?
If it show's more strenght at 1260 and above, then maybe the idea is not valid enough ?
If and when it hits down outside the channel, we can maybe look for a long again, I've seen some upside target 1280ish.... but I've not looked for possible upside yet, soo I do it later.
Back down in the channel, and maybe out on downside channel FIB 0,382 or more 0,5 ?
If it show's more strenght at 1260 and above, then maybe the idea is not valid enough ?
If and when it hits down outside the channel, we can maybe look for a long again, I've seen some upside target 1280ish.... but I've not looked for possible upside yet, soo I do it later.
Note
closer look at 15minNote
Update..... it has developed to a a triangel top, or it could be a bull-flag.... we wait for more confirmation, and watch how it develope further here... :)Note
Update.... break up, retesting 1260 again..... we watch reaction here now...Order cancelled
Update.... have to look at it more careful now, b.c it break up above 1260 again..... Trade active
Update..... 60min in a wider picture, adjusted FIB, put on one more fib... fib.ext 1,618 and 2,618 could fit with this new high 1263ish. Price back down under 1260.BEAR dvg in MOM in 60min, is a quite strong sign, that we can look for, if Gold has more down to go, from this 1255-60 level....
Note
Update...... closer look here..... watch for 1257-1260 priceaction...I closely also monitore USD.... they are inverse corelative now...
Note
Sorry, have to correct some.... it's RSI with Bear dvg , and not MOM (don't have it here, in this chart). It's also heavy bear dvg in that indicator at bottom.Note
Note
1250 hold as support now, signs for more up again..... small bull dvg...Note
1250 did hold as support, yes.... is a HS building here now ? or what.... watchNote
30min chart........ will it retest 1260 once again ? Look for bear dvg there... 1258-60Note
Bull dvg indicator's in 15min at 1258..... could it be the right shoulder ?Note
Sorry.... Bear dvg , of course...... :)Note
GOLD is definitly finished making it's right shoulder.... bear dvg 30min 2 hours ago...TV don't upload a screenshot longer... GOLD 1252 now, 1258 high in r.shoulder.
Trade closed: target reached
1242 is the first target now..... så then I look for what happen next.Bull dvg in 30min now..
Note
Did reach the hole way down 1236, same the high of HS-head, from neckline... And FIB 2,618 too...Now, maybe a HIDDEN bear dvg..... will push it down again ?
Note
That hidden bear didn't work at all, so now it did stop at 1248.... watch priceaction, for a pullback again >> maybe we could eye a new bullcase soon.... inverse HS ?Note
sorry, looks like 1250 (not 1248)...Note
Gold is strugling now, down in red channel.....Note
15min update....Trade closed: target reached
15min chart.... watch if a minor turn up here now..low 1224,85... small bull dvgNote
Gold made low 1195.... and are working on something here now.... Note
Note
Note
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.