LuckyDinAZ

LuckyDinAZ

Looking long as long as the recent low of 1268.51 holds. Confirmed with a positive pop up from NFP tomorrow morning. So long for now, and happy trading.

LuckyDinAZ

Waiting on a position. Will be looking for a short entry after daily support is lost, but open to a long position if the weekly resistance line is tested again. Continued positive movement is hypothesized due to the option chain on GLD a Gold ETF which is call biased based on open interest and Bid price for 7/28 expiration. Will be looking at GDM and GDX to see if...

LuckyDinAZ

Positives: GDX closed at 22.74 near a prior support level of 22.50 Decreasing volume over the last few selling days Option Chain Call weighted PUT OI 104,891 Bid sum 0.3 Volume 9,544 to 20.5 CALL OI 174,409 Bid sum 0.34 Volume 15,565 to 25 Call side is currently favored for the option chain of 6/16 on the close of 6/12 range from 25 to 20.5 for GDX. Call OI > Put...

LuckyDinAZ

Expecting a positive reaction in the price of XAUUSD tomorrow from a negative NFP and lower move in DXY. Positive price movement in XAUUSD may break the current daily resistance lines and approach the longer term resistance zone for another attempt at breaking the downtrend. Will turn to DUST if GDM falls below 620, for now, in my opinion it is holding and forming...

LuckyDinAZ

NFP has a negative forecast for tomorrow, if 1257 is held by morning I am expecting a positive movement in Gold back to the longer term weekly resistance level.

LuckyDinAZ Updated 

Entered this position a few months ago when it broke 6 and sold at 7, looking for another entry point. Long bias due to decreasing short interest from the high of 42 M to 36 M, days to cover is currently at 23 from the May figure. There is a pending announcement of updated results of its Phase 1 drug used in Recurrent Glioblastoma. Hypothesis is that a positive...

LuckyDinAZ

Gold had a pretty significant down day, resulting in a sell off in the miners to a prior support level. Will be using the opening position to determine potential path for tomorrow. An opening above 34.50 may result in a push towards the prior resistance above 36. A lower open below the prior support level of 33.71 may result in an initial upward movement into new...

LuckyDinAZ

Was looking for a strong push through 1265 to get to 1280, instead it has been meet with some serious resistance. Will be looking at the VIX as a tell if Gold will continue higher when the U.S. Markets open. Had anticipated a similar movement to that of 4/6 buy the sell on 4/7 which broke on 4/11. Had a buy on 5/17 sell on 5/18 with a definitive break in...

LuckyDinAZ

Possible inverse head and shoulders pattern on the daily although the neckline shows weakness as the continuation of the downtrend is possible. The pattern is forming near a past demand region of 34-35 may break the downtrend since Sept 2016. RSI has been increasing since March with a dip below 34.50 bought on May 4th and 5th. Something to watch for a reversal....

LuckyDinAZ

1126, 1191, 1201, 1215 all tested and now 1247 is coinciding with the 200 day ma. Rejection from 1290 recently occurred meaning an attempt at 1300 maybe possible. Will change my mind if the RSIs flip, but for now the short term 6 and 12 are still leading above the longer 24. Also 1247 is a key level with lots of noise for the last few months, if it holds,...

LuckyDinAZ

Uptrend managed to hold, but did not exceed the prior resistance level established on 5/15. Looking for a break outside of the open 39.54 or the close of 34.97 to confirm the momentum for the remainder of the week. Currently leaning towards a short position from the inside day. Will be looking for a break in either direction to confirm swing trade.

LuckyDinAZ Updated 

Looking for a push back into the 20s long from 16.08 with support and stop loss at 15.10

LuckyDinAZ

Risk to reward potentially worth it. Major Miners found support today from the open with a potential for the continuation of the channel. Looking to the prior low to be held, with a stop placed at 9.49 and exit target of 11.89. Gold has had a large push since the last FOMC with looming negative economic release for GDP on 4/27 Gold could continue to move upward...

LuckyDinAZ Updated 

Thinking this is a valid Cypher, just learned the ratios 10 mins ago, and attempting to apply it, if it is invalid please let me know, but it corresponds to what I thought previously in regard to Gold's movement having formed a potential double top. There was a very bearish candlestick formed yesterday, and I will be looking to confirm negative movement after the...

LuckyDinAZ

Looking like a possible double top from 1268 which could lead back to 1200 then 1150. A break above 1265 leading back to 1350, and a break below 1150 leading to 1050. Leaning towards the greater difference as I see it to 1050 from 1270 opposed to 1350 from 1270. More likely we may go from 1150 back to 1230 before the wedge is broken. Will see what the next FOMC...

LuckyDinAZ

Don't know what will happen tomorrow, it should help set a direction for the next week or so, either positive or negative. My levels of interest are a short entry past recent uptrend support at or below 1217, or a long from 1235. Last Probability I heard on a March rate hike was at 34% and should be interesting to see what it gets adjusted to after tomorrow as I...

LuckyDinAZ

Short biased after the double top forming over the last two days, the last hour is definitely challenging and may break 1236. Would vhange to a long from 1236, and additional short from 1231. Should see a breakout in either direction soon enough. Currently holding DUST overnight from 24.72, so I have a short bias.

LuckyDinAZ

Forecast is positive for the NFP tomorrow with the same or reduced unemployment rates could result in a positive for DXY and Negative movement for the EUROUSD and XAUUSD. I'm particularly interested in a negative movement in Gold to capture it with JDST DUST