Get started

LOCO

XAUUSD Daily Projection 11/04/2023XAUUSD GOLD is currently in the range 1988 - 1997 where the support 1978 - 1988 is the determining support whether Loco can maintain its uptrend or not. The price was rejected yesterday at this support and most likely GOLD will try to enter this range area again today until tomorrow's CPI. 1996 - 2003 will be a good selling area considering downtrend is still going on with GOLD eventhough, me personaly will wait till theres a Lower High Confirmation before we execute the market. R3 2028.282 R2 2019.860 R1 2003.728 PV 1996.578 S1 1987.934 S2 1977.788 S3 1971.315
OANDA:XAUUSDShort
by AbsoluteWillid
XAUUSD Daily Projection 10/04/2023XAUUSD GOLDclosed the week in the 2004 - 2020 range last Thursday . Given the good NFP results, it is we already know that GOLD will make a GAP fall this morning. Now that the GAP is already closed, we know that downtrend is confirmed for Loco at least until tomorrow. Let's focusing on Sell where i see a resistance area at 1997 - 2003. It is most likely GOLD will pulled back here before making another drop. SELL Area 1997 - 2003 SL 2009 TP 1988 R3 2049.488 R2 2028.282 R1 2019.860 PV 2003.728 S1 1996.578 S2 1987.934 S3 1977.788
OANDA:XAUUSDShort
by AbsoluteWillid
2
XAUUSD Daily Projection 25/10/22XAUUSD XAUUSD is still in the range 1646 - 1657 Loco most likely will try to penetrate the MA100 which is also the resistance today to continue rising. If the resistance is not broken, the temporary uptrend is threatened to end and GOLD may fall again following the big trend. XAUUSD is still in a temporary uptrend with the reversal point at support 1640. SL PLUS 1649 R3 1678.280 R2 1668.290 R1 1659.600 PV 1646.100 S1 1640.170 S2 1628.440 S3 1616.870
OANDA:XAUUSDLong
by AbsoluteWillid
XAUUSD Daily Projection 07/10/22XAUUSD XAUUSD is starting to narrow its range and seems to be forming a symmetrical triangle. If this triangle is fulfilled, there is a chance that GOLD will rise through the resistance towards 1733.380. However, with MA8 starting to slope along with MA20, Support 1701 will determine whether Loco can fulfill its pattern and strengthen its uptred. In MA Pattern, GOLD is still uptrend with a reversal point at 1678. Take profit first at 1711.380 because the price looks to be maneuvering today. R3 1733.380 R2 1723.590 R1 1715.240 PV 1709.430 S1 1701.750 S2 1697.800 S3 1685.570
OANDA:XAUUSD
by AbsoluteWillid
XAUUSD Daily Projection 04/10/22XAUUSD XAUUSD rocketed past 4 resistances overnight after CPI m/m of CHF fell 0.5% and ISM Manufacturing PMI of USD also fell by 1.9. This drastic increase managed to bring MA8 through the MA100 and almost confirmed the uptrend on Loco. Always remember that generally a drastic increase in a short time will be followed by a fairly deep correction as well. Therefore, GOLD most likely will make correction today with potential to support 1678. BUY LIMIT 1679 SL 1669 TP 1694. R3 1715.240 R2 1709.430 R3 1701.750 PV 1697.790 S1 1685.570 S2 1678.290 S3 1668.290
OANDA:XAUUSDLong
by AbsoluteWillid
XAUUSD Daily Projection 30/09/22XAUUSD XAUUSD is still sideway in the range 1647 - 1660 after correcting the price from its increase last Wednesday. The temporary uptrend has been confirmed and most likely the price will rise to resistance 1668 which will be the resistance determining whether Loco will confirm the reversal permanently or go back down to continue the current big trend which is still downtrend. Be careful, because today is the last day of the month. Where is the possibility that the price will make a correction to close the monthly candle. Possible to take BUY LIMIT 1647 SL 1637 TP 1667 R3 1685.570 R2 1678.290 R1 1668.290 PV 1659.800 S1 1646.100 S2 1628.440 S3 1616.870
OANDA:XAUUSDLong
by AbsoluteWillid
XAUUSD Daily Projection 28/09/22XAUUSD XAUUSD has landed at support 1629 again but has not managed to break it again. The downward trend is getting more sloping, making support 1629 and 1617 become the decisive support whether or not the Loco continues to decline. Doing SELL is still the right choice for GOLD because there's no reversal pattern to be happen soon in sight. USE Half LOT. SELL LIMIT 1641 SL 1651 TP 1618. R3 1668,290 R2 1659.800 R1 1646.100 PV 1628.440 S1 1616.870 S2 1608.120 S3 1594.000
OANDA:XAUUSDShort
by AbsoluteWillid
XAUUSD Daily Projection 27/09/22XAUUSD After landing at the support at 1629 and correcting its MA8, XAUUSD broke the support and entered the range of the 1617 - 1628 area. The price most likely will make a correction today before dropping back and landing at 1617. The MA Pattern is still showing a strong downtrend but still Be careful with the Daily and Weekly corrections that are starting to move away from the MA. Possible to take SELL LIMIT 1639 SL 1652 TP 1618 R3 1668.290 R2 1659.800 R1 1646.100 PV 1628.440 S1 1616.870 S2 1608.120 S3 1594.000
OANDA:XAUUSDShort
by AbsoluteWillid
XAUUSD Daily Projection 26/09/22XAUUSD XAUUSD finally broke out and fell into the range 1629 - 1646. An attempt to make a correction occurred and was immediately rejected, so the possibility of Loco landing at support 1628 is very possible. Be careful because the price may correct the resistance as well as the MA8 at 1658 before continuing to land at support 1629. Possible to take SELL LIMIT 1658.12 SL 1676.72 TP 1629.47 R3 1678.300 R2 1668.290 R1 1659.800 PV 1646.100 S1 1628.440 S2 1616.870 S3 1608.120
OANDA:XAUUSDShort
by AbsoluteWillid
XAUUSD Daily Projection 21/09/22XAUUSD Like our analysis yesterday, GOLD is trying to break through support 1660 again after being unable to get out of the sideway range 1660 - 1678. The downtrend still looks quite strong at Loco so support 1660 becomes the support to determine whether GOLD can continue to fall or will be stuck in this sideway range until it breaks out occur. We are waiting for the support at 1660 to be broken before looking for a good SELL entry position. R3 1685.570 R2 1678.300 R1 1668.290 PV 1659.800 S1 1646.100 S2 1628.440 S3 1616.870
OANDA:XAUUSD
by AbsoluteWillid
The Bounce from Oversold Survives An Early TestAbove the 40 (November 2, 2018) – The Bounce from Oversold Survives An Early Test November 4, 2018 by Dr. Duru AT40 = 22.0% of stocks are trading above their respective 40-day moving averages (DMAs) – ends an 11-day oversold period that followed a 4-day oversold period AT200 = 31.6% of stocks are trading above their respective 200DMAs VIX = 19.5 Short-term Trading Call: bullish Commentary If you are a long-term passive index investor, you can return to your regularly scheduled programming. Just make sure to check back in if the S&P 500 (SPY) manages to break down below the low of this latest selling cycle (around 2600). For those interested in short-term trades, the drama continues apace. Friday was a day of spills and thrills as the headlines from another strong jobs report faded fast in the wake of the Trump administration broadcast conflicting messages about the prospects for an imminent trade deal with China. I was not aware of the headlines until after the close of trading; I am thankful I was not paying attention to that source of confusion and distraction. I was focused on executing my trading strategy for a market that I assume is moving away from oversold conditions and facing down its next challenges at 200-day moving averages (DMAs). AT40 (T2108), the percentage of stocks trading above their respective 40DMAs, closed at 22.0%, a slight gain over the previous day. AT200 (T2107), the percentage of stocks trading above their respective 200DMAs, closed at 31.6%, essentially flat with the previous day. The S&P 500 (SPY) gapped up but sold off all the way below the intraday lows of the previous two trading days before bouncing back. Although the index netted a 0.6% loss, I call the day overall a small victory. {The S&P 500 (SPY) almost challenged its now declining 200DMA resistance. The 0.6% loss was not enough to drop the stock market back into oversold territory.} The NASDAQ and the Invesco QQQ Trust (QQQ) behaved like the S&P 500. Most importantly, QQQ directly challenged its 200DMA resistance and got rejected. This is the second day in a row with QQQ tussling with this critical trendline. {The NASDAQ lost 1.0% as its downtrending 20DMA held as resistance.} {The Invesco QQQ Trust (QQQ) lost 1.6% and also lost its battle with 200DMA resistance.} The volatility index, the VIX, delivered another small victory. The VIX made a fractional gain after gapping down and then soaring past the previous day’s intraday high. It closed at 19.5 and remained below the 20 “elevated” level. As I wrote earlier, I expect volatility to implode after the election with no expectation for the outcomes. My put options on ProShares Ultra VIX Short-Term Futures (UVXY) teased me by going into the green soon after the open only to close the day back into red territory. {The volatility index, the VIX, gained 0.9% but stayed below the 20 level which is the threshold to "elevated" levels.} The intraday volatility on the day allowed me to flip call options on SPY. My core index play remains Shares Russell 2000 ETF (IWM) call options and now for a longer stretch shares of ProShares Ultra S&P500 (SSO). IWM out-performed the market with a 0.3% gain. Several hedges expired harmless last week. Looking back, I wish I was a little more aggressive in closing out some of them. Next week’s hedges are mainly the long side of calendar put spreads whose short sides expired harmless this week. I am not interested in adding fresh hedges and will remain aggressive on the long side (mainly for swing trades). I am particularly interested in accumulating shares and calls on companies that survived their earnings with gains with a preference for stocks trading above their 200DMAs. Swingtradebot is a great tool for scanning for such stocks. I will also do my best to post some ideas here.
SP:SPXLong
by drduru