I have entered the GC short trade. Please refer to my prior chart regarding this (see link below). My trigger has fired as break below the diamond and point of control has happened. Albeit, on a smaller time frame than my usual 4 hour. So, did I jump the gun? Perhaps, but I took this risk because all I see short at the moment. You can see my risk reward, and...
This set up has short written all over it. 1. Diamond pattern- this is often a reversal sign. This could arguably be called a bear flag as well. 2. Although not drawn on this chart an upwedge can be found in the diamond. Also a bearish reversal sign. 3. Down trend line test multiple times since early January 2020. 4. A demand zone that seems to be begging for...
we may see gold reaching the 1760.5 level next week
Admittedly this trade does not present the best risk reward ratio, but the high probability of success for this trade makes it worth the trouble. Please see my previous GC post (link below) and how price has followed as I predicted at that time. Please support with thumbs up if this is found useful Thank you, Ms. Bunny.
Gold I expect to go to 1750-1760 before dropping back to 1700 - upward wedge indicating reversal - strong supply zone - upward wedge vertex confluent with supply zone (I love when things conflue :) - RSI will likely be overbought or show bear divergence. I drew a possible price path scenario after supply zone is hit If you like this idea please support me by...
My short position was triggered. It possible my entry is a little early because I adjusted my limit order. So risk of trade is higher than originally planned. But at the same time I was worried about missing out on a potential lucrative trade. I guess that would be FOMO, but I will lower my stop if trade moves in my direction to limit risk. Short is supported...
So GC do not know what it wants. Now at neckline. Critical 4hour candle - if price break below 4h neckline on 4h candle close take short position. Aggressive sell on break of neckline or conservative sell on retest. - weakened demand zone (already reacted to prior demand zone) calls for possible lower target= more profit. However I would still take at least...
Today, we want to share a bullish opportunity we are aiming to take in the short term -We consider that the Flag Pattern is finished and has reached a critical level: the support zone + the ascending trendline. That provides us with a confluence situation. -Now we expect a bullish movement from current levels towards 1950 (the next resistance zone) -It's...
I'm long 4 MGC at 1674.1 on the bid line of this falling wedge. Normally, I will trade a full GC contract (or two) but the dollar is so strong right now, I find it too risky to use that much leverage.
My previous gold setup ( see link) is looking valid again - down wedge - support tested several times - 4h bull divergence Enter long on break of wedge for aggressive entry Enter on retest f wedge for conservative entry. Take full or partial profit at supply zone.
You see that price made through big resistance. Now maybe matter of time until target one. Possible big another Drop to next target where no major supports. This be continuation of my previous ES trade. I come very close to stop out several times. But now in good profit. Now I let t run.
Gold is a great buy here. It could go as low as 1650 but should be accumulated. We are about to run much higher
The market in a slow uptrend You can find everything about my prediction on the CHART, good probability the market will follow the Arrow. My First Target (Short) A: 1708.8 and then when the market will start keep going up, Long The second Target (Long) B: 1721.9 IF you have any questions related to my trade. leave it in the comment section.
I’m still bullish for GC. So far plan is being executed but I be hoping for more true breakout by now. My options are = end trade And no loss, but no potential profit =Stay in trade Risk bigger loss Potential gain Exit and re enter on test of wedge Better RR ratio Risk no entry At this time I stay in trade and watch. Why? So far acting the way I predict....
Today we will share our view about the long-term opportunities we think gold is about to offer. First, we will start with the Weekly chart you can see on this post: What is a Cup and Handle Pattern? -Cup and handle pattern is the name that someone really creative gave to a market situation in which we have an ATH followed by a big Dip, in this case, a major...
I don’t know if I am to take this trade but I am thinking about it in my mind. These be reason for possible reversal. - downward wedge - approaching intersection of wedge mean squeeze, mean price soon break - RSI in oversold territory. As price approach intersection of wedge will be even more oversold. - pice target top of parallel channel line. Also target...
This month GOLD UP DOWN VOLUM + VWAP +broke down If it was reduced, wait for a large red size