


NastyPipz
I'm long euro from these levels on daily and up charts FOR `1.20 PLUS.
I stand buy my original call on gold with targets at 1348.
Sell this dead cat with confidence. Few gaps to fill below 140 long term.
Strong momentum to the downside with 12 red candles in a row showing up on the 5 hour charts tells me one of two things..1) A short squeeze is coming at the 1320 demand zone and we're going up or 2) we burst thru to the down side with confirmed close below 1318 and retest the old demand zone at 1307. My previous short target has been hit from the supply area all...
The time for a decision is approaching. Most retail traders if not the majority are increasing there long positions over the past week and they tend to be wrong according to an article written today by dailyfx. gold reaching new records on volume what do you think we're going to get out of this ?
I think it can approach anywhere between the blue and red box there i would look for more shorts.
I stick with my original plan that i posted a few days ago that gold can retest 1320's. buyers were previously seen below 1310 (left box) and gold has since been trending up but i believe new buyers can come in between 1318-1320's (right box) for a breakout before may (if one does happen)
I think eurusd is a short here buyers seem exhausted and gold looks like it made a lower high. very risky play seeing the momentum is to the upside that is why my stop loss is .124140 and TP is 1.23170
Next week XVG is an interesting play hopefully it doesn't end up a lite-pay disappointment.
I'll be looking to buy silver anywhere between 16.60 and 16.34 for potential breakout to 17 dollars. I'll only take this trade once it reaches the middle of my value area.