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Xauusdwave

Gold bugs shot in the headGuys.... As with every $20 rise in price, gold bugs start to throw our the 50k figure... simply not going to happen. Also to add clarity, gold is not a hedge against inflation, rather a hedge against governments. The last idea I posted (see attached), showed this run to the 1250 area before continuing the decline, now it's important to understand that February desperately needed to close above the blue shaded area to show signed any significant strength for bulls. As I'm sure you've already noticed, this did not happen, indicating further decline. We are facing asset inflation, this means Draghi is in an even tougher position trying to keep up the negative interest game that has completely failed over the past 8 years. The question is whether the ECB will be compelled to end this failed policy and raise rates alongside the fed. I've mentioned previously that rates will rise because the Fed will be deprecated when they are faced with the Dow continuing its journey to 30k. Futures markets now have the probability of a hike at just under 80% (79.7), compared with the previous 50% figure only last week. Once we see below 1220 then I must mention, a waterfall will follow. All the best and join our new telegram group via the link below.
FX_IDC:XAUUSDShort
by TheBanker
21
everyone is mad at meGold managed to hold advance toward 1249.60, 38.2% level from November 2015 lows, to highs in March 2016. Market now faces resistance at 1197 and 1206, as long as we hold below this zone another drop wave will be expected toward 1172.06. Above 1206 more advance may hit market toward 1249-1250 zone. 1249.60-1250 will be treated as resistance for the coming Short-Run which may add fuel to another drop toward 1172.06-1165 zone. Not a buyer above 1249.60-1250, instead expect to see some hard selling there and I seem to be the one spreading the bad news for any bulls expecting gold to get 20k, best of luck trading this I will be uploading a daily chart to go with this as have had many requests. Please remember to thumbs up and comment, thanks!
FX_IDC:XAUUSDLong
by TheBanker
36
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!
FX:XAUUSDLong
by TheZabisyu
9
GOLD / hard On this chart 1248 was intraday target that is reached. Next 3 are not. In this idea it is a follow up so we know is gold about to reach next 3 as well. Basically if gold opens and first move is up and touch 1249.5 - 1250 then I think it retrace to 1245. If gold is a bull then it is sensitive that it does not break 1245 level and retrace up from there. If gold break 1245 then it go 1242 and break of 42 lead to dump because gold if go down again then go much more than 1236 ( L today ) If gold open and first move is down right away to 1246 1245 area that is great bull sign and I think I add to buys there with confidence. I do think that 1250 will be taken out but it depends on first move behavior after opening.
FX:XAUUSDLong
by TheZabisyu
5
GOLD/ Bearish Frequency Rollover.Last week did not end up so productive for me, because I was very mixed with latest analysis. At one hand in whatsapp group I warned people about bullish accumulation as well make a chart pointing out 3 targets I had on radar, that gold successfuly reach: But somehow I missed the train myself because of some mistakes, and got beaten up by gold, in fight sports it is KO almost the same last weak edning for me on Gold, got KO ( lol ) Followers that follow me for longer time know what is Frequency rollover, so I will not go thru the same story again, the thing is that we could have one, and the one that we could have looks bearish. 1260 is alteration zone and I have sell entry at 1259.9 that gold execute successfuly last Friday. In other words rollover means we could have a DUMP a.k.a big red candle anywhere below 1260-1266, or like people like to say - bloodbath. And of course it always come unexpected. I have no idea when it can occur and from what level, all we can do is watch closely. Good Luck. P.S like I mention before 27th of February I am leaving this Ship ( tradingview ) so be good and trade with care my little bro! Last Friday Idea Vith V for Victory on Dollar Index! :)
FX:XAUUSDShort
by TheZabisyu
2
GOLD / something more than Just a Price.Last question before you decide to leave - please tell me what you study to trade so good on intraday basis, where can I learn the same.? Got this type of a question today a lot after saying that I dedicate my time to other things now so cannot be in TV anymore. So decided to make a last chart and give you a hint. First of all I am not a trader, because I have very poor knowledge about technical trading nor I have it about fundamental trading . So I don't consider myself to be a trader. Because I have no idea about how trend lines should be used, what is patterns, ABCD legs etc. I am mathematician and spent a lot of time to learn mathematics, and when I started to understand and learn mathematics on quant level I saw a lot of interesting things about fibonacci. I started to look at it in different way. All my trading calls and targets are set only using fibonacci absolute retracements . Then I invented a so called transitions, and Fibbs together with them drops a dynamite. The thing is that Drawing fibonacci from H to L or Vice Versa is not that good. It is working of course. But you can get a lot better retracements and targets by using it in absolute way not drawing from H to L or VV . You can get the point what I mean " Absolute way " only if you study quant maths, then you will see it. Things that you should learn: What is: Perpendicular Bisector Algebraic Sum formula Linear Factorization You can apply these 3 on Fibonacci tool and when you start to divide fibonacci numbers ( Yes you heard it right ) this is how you use fibbo in absolute way. But these 3 things above can help you more. To find Transitions on chart study about: Binomial distribution You know me saying BL12 BL4 - these are transition types. Each have their own nuances. BL = Binomial Line. Once you have that all, you will see the chart in different light! I am sure about that. I tried to apply this knowledge on long term trading calls, failed hard, maybe some day I get the right formula for that and the right pivotal sentiments. But on the other hand, why should I. And a quick insight of what to expect on gold. 1230 is a must. 1223 is a probability. If gold opens and first move after opening is down to 1230 right away, this could be a bull and not good for sells. If gold opens and first move is up to 1235 without reaching 1230, I would be glad to seel for targets 1230 > 1223. Either way looking for 1223 to be tagged. So, good luck and all the best.
FX:XAUUSDShort
by TheZabisyu
13
XAUUSD Weekly View: Remain bearish testing major resistanceSell below 1250.00. Stop loss at 1310.00. Take profit at 1125.00. Reason for the trading strategy: We remain bearish below 1250 resistance (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance) for a push down to 1125 support (swing low support, Fibonacci extension, Fibonacci retracement). RSI (34) has made a bullish exit and warns off a potential further rise. Stochastic (21,5,3) is seeing major resistance at 94% where we expect a reaction from.
FX:XAUUSDShort
by theforexarmy
3
GOLD / Brute Force1242 is XO90 level. Once reached cycle UP closes in current cycle and cycle DOWN opens with new transitions. If gold reach 1245.00 that is break in new cycle and it go higher. If you remember when I post idea about sell from 1220 I mention we could have Key pullback. And we pullback 40$ down. Now gold come to same situation, and can have a key pullback again. 2 possible Targets on chart. 31.01 BL12 transition wave L was incorrect (1193 ) so Gold may want to fill it and make correct Low. Good Luck.
FX:XAUUSDShort
by TheZabisyu
9
GOLD / HedgeReceived a lot of messages from followers that liked the tactics and fast recovery from bad situation with proper analysis and plan making on time. This Idea: But remember that there are millions of situations. This time it was easier because of current market conditions. Next time it may not be that easy because there can be more difficult market conditions and you need different tactics. I want to make more complex situation and try to solve it afterwards again. Hopefully that can bring some value in your trading experience. 1st rule - always keep trading even if in bad situation. Most people stop because of fear and emotions. We will now create complex situation on account.
FX:XAUUSD
by TheZabisyu
5
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.
FX:XAUUSDLong
by TheZabisyu
1