Gold came to see the shape of downtrend. Gold has not reached YPP (P) 1269.009 and is trying to fall again. Please look at the weekly,You can also see the red trend line being conscious. weekly But I decided not to use this line because of my discipline. So I will not do anything now. There is no reliable horizontal line near here. Therefore, as usual, I...
For those of you already short or looking for a short entry, there is a new, bearish flag pattern forming. I think we could still see price pop from here considering the strong bullish move from the bottom of the flag, but as long as price stays contained within the flag we could see selling pressure re-enter and a break down of the flag setting up a price target...
In this video I talk about the bearish inside bar fake-out pattern that has formed on the daily charts in the gold futures market. I cover a short educational lesson on the important of market key support and resistance levels ahead of time. Finally I cover some potential entry / stop loss / profit taking levels for short sellers.
Hello friends, gold has been hit very hard recently. RSI Shows an extreme oversold reading on the daily, at the same level at which price has reversed twice before. the Gold price is also at the boundary of an ascending triangle, and furthermore at the 0.5 retrace level. In addition, it does appear the dollar may be topping out for the time being--at least it's a...
It is gold down since last Friday, but it is currently staying under YPP 1269.009. If YPP functions as resistance as it is, if the trend line of the weekly feet below (currently around 1242.000) also goes down, I think that it is the aspect of the downtrend. weekly chart As the most recent trade. 1) Judge that YPP 1269.009 functions as a resistance. Short and...
The down-sloping Fork reveilles the most probable path of price. And we see how price reacts to the Forks balance line, the Centerline (CL). It's just wonderful, watching the ebb & flow of this market eve on this lower timeframe. I would not immediately short it but wait for a better tell. Reaching the orange zone would not surprise me, since this is where real...
will be taking gold long from either a drop to the 87 or a pop over the 98. will add options to this trade at these levels, look to spread sheet for the entries and strikes
Gold on 1H Chart: - Fractal detected - Down Trend - Flow Is Down - L-MLH BRK - Test L-MLH Trade: - Entry On BRK - PTG: Partial@CL - Rest: L-MLH / Trail Note: - Initial bad RR Mentality: - Greedy Pig <--- Me
GC1! I bet many people are posting this same idea. We are looking at some resistance on the trendline with a chance to go higher again. These are some historically good levels.
The reversal flag that I identified yesterday has broken to the upside as predicted. Price was being pinched between the descending channel (flag) and the major support trend line and finally broke out of the flag with a strong upside move. In this video I perform analysis on the pattern and the type of further price action I will need to see before I become a...
We see that the price rebounded from the lower balance level. And now you can buy gold at trend level 1312.7 with stop under the lower balance level (1301.6)
Sounds dramatic? ...I think it is. Every commodity has it's price. But only the one that Humans are giving it. Why has Gold failed so many times to make new highs? Why did the Bank of Canada sold (most or now all?) its Gold in 2016? Yes, I know, we don't trade on fundamentals, but pure price and Action/Reaction. However, sometimes fundamental facts have their...
Hey, We've long been waiting for this inverse head & shoulders to come to fruition. As we can see, we broke out of the downtrend in 2016 but the 1360-1365 neckline has been tested multiple times. Finally it seems like we're ready to break out, how do we know? 1. The last low has not hit the ascending support of the latest move up. This means it's likely...
XAUUSD 60 MIN short moving average failure POST US Easter Holiday squeeze
Too early to tell about this trade until i see the sonar results but the setup is a potential for the week ahead. I like the risk vs reward and the range bound with the pattern so this is good. Need to check news, price action when we enter the reversal but over all the setup is one to watch. Thumbs up if you agree!
been a nothing trade for as long as i can remember. we finally gonna get a breakout here?
Probably short players will not close positions by take profit 1300