GOLD / ObamaGoldCareFollow up:
Baby bull is not gone, it is accumulating. Recalculations show upside sentiment.
It usually comes unexpected.
Since central banks and big players follow me on Tradingview, we drive this up together. They follow smart ones.
We are long from white zone ( on chart )
Red zone represent a bullish problem zone - intraday, but since gold should met 1247 ( sentiment level ) can we take the red zone out? Maybe yes maybe no, maybe I don't know.
Remember the first move, you see yesterday first move straight up in 1250 and sell.
Today I would love to see first open price move down to white zone and then up smashing the red zone. 1230 - 1231 intraday become SUPER strong
In last post I said bearish close price is in range of 1235.xx - 1237.xx.
Below or above this price range is bullish close price.
But watch the move on opening, if move is straight up to 1236.xx - 1237.xx be careful.
My old good friend Obama is with me on this one, let's screw the Trump!
Xauusd1h
GOLD/ Testing Software / BL4 transitions.Although I am in sell position:
There is a long signal generated based on BL4 transitions that gould should reach 1236.2 ( is target )
And breakout higher than that to generate new transition signal.
If gold reach 1236.2 and don't break it by 1$ then that would look bearish to me.
If gold reach 1236.2 and breakout higher then gold should keep moving up.
We can see a bear flag very well can be seen on 1h TF if we refer to structure.
I am not taking this long . Just doing analysis and posting it for my personal journal / research.
Signal is not that strong but BL4's are great sub transitions and sometimes beat the BIG ones BL12's.
Entry for this long would be 1232.6
Good Luck.
XAUUSD short term3 options for this.
a short position can be taken on a break and close below the 1200 zone which would open up the bottom and create a nice short position for 100-150 pips if not more.
a long can be taken after a break and close above the 1205.5 zone. This would open up the window to retest yesterday high. As well DXY looks to be pulling back up on the daily to create the right shoulder for a H&S.
if price retests and fails to break the 1200 zone you can look to take a long position from there and ride it up as well.
GOLD LONG SIGNALGold has moved as we have predicted in our previous analyses, breaking above it's former resistance.
Gold is now trading within a range, looking to breakout again in either direction.
As Gold is currently in an uptrend, and tested Major Support below, we believe it is more probable for Gold to breakout upwards, continuing it's current trend towards Major Resistance.
Trade ideas:
Trade a breakout from current range
Trade long with SL below current range
Gold 1H Breakout Trade (Naked Forex)Gold is looking to be gearing up for a breakout through the current 1H range pattern.
If Gold breaks through the range high, we expect price to continue towards the Minor Resistance level (TP 1).
There it may lose some bullish strength and seek to retest the previous range's high before continuing towards the Major Resistance level (TP 2).
If the Current Range Pattern is not broken on this leg up, we expect price to begin heading downwards to test the range's low.
Trading Ideas:
1. Go long on breakout of range pattern (red dotted line)
2. Go short with SL just above high of range pattern (green dotted line)
GOLD / 500oz swing / Review. With Screenshots.Hello. So far so Good, First five Gold 500oz swing series Ideas are making Some decent money.
As always I did Saturday Analysis, I will update new idea on Monday, because if there is a gap, recalculation comes in and may change the situation.
What I can tell is that I don't like Gold closing here because that moves wave 6 pivots down, what means we can slide and slide lower and lower, and a lot more power will be needed to get higher, since we have pressure up there tightening.
But still the last man standing 0% base is intact ( not broken ) and while it is not broken bulls are in safe zone.
eur/usd has some serious support underneeth it as well.
First of all I will be watching for the price reaching levels.
It works like a signal.
I will be watching these both:
prnt.sc
If market reaches Heading towards daily, I may go for sell, because Temporary Direction suggests the same.
If Upward temorary direction completed, follows the downward temporary direction.
Other than that if price drops to buy zone, without reaching HTD first, I go for buy, and place second entry at 1336.00.
We can see Wave 6 pivots mooving lower, these 3 bad boys will be tough ( or I should say - should be tough. )
As well wave 5 remains the same, thats why break downside from wave 5 should make bulls panic.
prnt.sc
Current Gate ( AFT Price Gate ) is showing serious support at the same zone where 0% base from wave 5 is.
prnt.sc
At the end I want to say that Overall atm Gold has entered Bear zone, and even if it tags the highs that people are talking about here ( 14$ and higher ) It will fall down like a rock.
But I trade what I see, but longer term view for gold is not so promising like many here thinks.
I am looking for Gold to tg 1370 and if it happens, I will be starting to look for Long term Sell entry at the Top, and add more as we go!
Happy weekend, and thank you for your support.
TPP
www.tpparadigma.com
Up'N'Down - Another short opportunity after another move-upI usually wait for the reversal to be confirmed but after that USDCAD incident i regret waiting
So
The real deal is the short trade, waiting for it but i also have a long position currently
Would like to know your ideas about this chart
Regards