EUR/CHF Bearish Setup#EURCHF, EURCHF, professionals increased long position 6% inCHF while reduce short positions 4%, EUR increased short positions 3k. high probable trade opportunity for selling
Goldtradingsetup
Massive Explosion UP; Gold Cartel Tactics playing "Ping-Pong"Looks EXACTLY like the December 2015 / January 2016 action in gold. Massive imbalance in the COMEX COT readings along with Ping-Pong price action by the Gold Cartel aka Bullion Banks / Wall Street just prior to LIFT-OFF (i.e., shaking out of all of the weak shorts and weaker longs). Getting VERY LONG Gold Futures in anticipation for a move possibly up to $1400 by year end. Gold sentiment could not be any worse. Perfect time for MASSIVE SCRAMBLE to cover shorts by trading funds.
Gold touching Resistance LineGold is trading in a triangular pattern at the moment and seems bouncing lower from a resistance level of the upper band. The trigger now is FOMC meeting and rate decission. Shorting gold for relatively quick trade.
Gold Bearish Pattern On the RunGold trading is in bearish mode recently but in overal big picture the up-trend is still constructive. Possible support zone around 1290-1295. Let's see if we get there.
Where will be GOLD heading ??? We will be consider to go long if only the price manage to have a clean break above the 23.6% fibo .
Another good area to go long would be at 1300 if price fail to break about 23.6% .
Technical wise , Price is still well above the 200 EMA .
Be Patient , Do not rush to take a position .
Let the price come to you .
Just sit back and relax .
Feel free to leave comment below or Feedback . Dont be shy :)
Happy trading Traders <3
Buy Gold on strong support level ( Resistance become Support )Strong resistance level become strong support level ,
if price hold this support level
daily close above 1292 ,, then this perfect level to buy for long
Buy at 1292 level and stop loss below 1275 and tp1 is 1325 and tp 2 is 1355 level .
Good luck and Trade with care
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Gold Alternate Count (Bearish Trade Setup) Elliott Wave AnalysisIn the last update I shared my view that Gold should rise up for the 5th Wave to complete the circled Wave 3 which it has.
Alternate count in Green.
However at this point it seems that either that Wave 5 is a Truncated 5th or that it is Wave B of a Flat correction.
This is all evident to the fact that the double bracketed Wave 5 looks more like a 3 leg up.
Hence short positions can be initiated below 1257 keeping stops above the current swing high of 1264.
Expect min, target 1251.82 and 1244.61 or even lower.
I will update further as this market progresses.
Gold sweet setup Friday near close or Monday at market openSo far gold has been moving nicely around in this channel. Indicators show that price might decline to the lower range at 1245 at this point either the range will break or there will be a bounce back up that will got above 1300. However we also see that in the past the price already bounced back up halfway the channel. Since the current price is also halfway the channel a daily close on Friday April 28 above 1270 will invalidate a move to the lower range and validate a new upwards wave.
How to trade
Wait till friday 5-10 minutes before market place or monday at market open to see how the daily candle of friday will/has closed.
A close above 1270: Buy gold with a target of 1300+
A close below 1270: Sell gold with a target at 1245.
Stop-loss: $8 above/under current market price
LONG GOLDDidn't actually take this trade but just after trend line retest where I would have preferred to get in.
self explanatory
Crucial Time on the gold.. Go above 1248 or down to 1233 ? Look for a break above 1248 to go Long.
if not it might go sideways down to 1235 to form the bullish Cypher.
still long XAUUSD @ 1h @ trading capability this 1st week `17This is only a trading capability - no recommendation !!!
Next week i`ll confirm or change my opinion about this SetUp :)
Buying/Selling or even only watching is always your own responsibility ...
Best regards
Aaron
long XAUUSD @ 1h @ trading capability for this 2nd week `17This is only a trading capability - no recommendation !!!
Buying/Selling or even only watching is always your own responsibility ...
Best regards :)
Aaron
