Having traded CL, GC, USDJPY I recognized similar movements into zones, I now wonder if they correlate in any way Price Pattern Trader - TradeEmpowered Analyzing the high timeframes 240min, 60min, 12range and executing in a trading timeframe 233Tick.
we will reach zero and gold will fly but for now bet the farm on shorting gold and buy bonds is maybe early. if we touch the blue line i think it wll be a good place to try it
DXY's recent low did not bounce from a major fibonacci level...rather just short of one. Based on two fibo-fans I'm looking at a further move down, first to 99.18 then to 97.80.
Gold broke the channel and retraced. Looking for a downward move back next week
As expected, GC didn't break through 1220 and went down to 1200 range and fell into the blue box support range. It's likely to to test 1188 directly or went up from 1200-1210 and test down to the next support again.
This is my scénario for now. the trade is not in will see how it devloppe.
withe the fed minute today we will be on a vibe of interest hike so for me the red scenario seem more probable than the blue one . 1200 will be a good resistance and my num ber is still 1095 to 1075 for a secure entry 1200 is shortable and 1032 is buyable
gold for the next year. de places i will be very aware. yellow square.
Goldie is trying find her legs after a long fall. We like the pullback trade to see if she has any legs to her. We will buy into the zone from 1170 down to 1158.
Another bullish flag on GOLD Trade at your own risk!
Can't break through top of pitchfork for now (upper blue line). Trend is still down until hourly close above black and red lines.
well the way to go to the lise seem to be different , orange and blue but we will hit the red line.
go up to th 14 of december and go down to the trump assermentation
The symmetry between gold's movements today and from the mid-1970's through the mid-1980's can't be ignored. At the current juncture, with gold heading down from its early-July highs, we could very well see gold embarking on its Point 6 terminal down to $1000. Thereafter, gold could meander and consolidate between $1000 and $1350 for another 10 years.
despite of the trump illusion, we shoud see the big reality comme back
Not only in the ES can Forks put context around price. In Gold we can see that they catch the volatility bandwidth of the underlying. I can see price now going sideways and then back to the centerline or further south...but who know, just follow price and trade good risk/reward. P!
One could buy the future contract or short the put option for a more conservative option (pun intended). Futures trading involves serious risk of financial loss and is not suitable for all investors.